Document:

EX-10.18

 Exhibit 10.18 

AMENDED AND RESTATED VENTURE LOAN AND SECURITY AGREEMENT 

Dated as of September 12, 2014 

by and between 
 HORIZON
TECHNOLOGY FINANCE CORPORATION, 
 a Delaware corporation 

312 Farmington Avenue 
 Farmington,
CT 06032 
 as a Lender and Collateral Agent 

HORIZON FUNDING TRUST 2013-1, 
 a
Delaware corporation 
 312 Farmington Avenue 

Farmington, CT 06032 
 as a Lender,

 DBD CREDIT FUNDING LLC, 
 a
Delaware limited liability company 
 1345 Avenue of Americas 

New York, NY 10105 as a Lender, 

FORTRESS CREDIT OPPORTUNITIES I LP, 

a Delaware limited partnership 

1345 Avenue of Americas 
 New York,
NY 10105 
 as a Lender and collectively with Horizon, Horizon Trust, DBD, and FCO, Lenders 

And 
 eASIC Corporation, 

a Delaware corporation 
 2585
Augustine Drive, Suite 100 
 Santa Clara, CA 95054 

as Borrower 
  

			
	LOAN A COMMITMENT AMOUNT: $2,000,000	  	Loan A Commitment Termination Date: September 30, 2013
		
	LOANB COMMITMENT AMOUNT:  $4,000,000	  	Loan B Commitment Termination Date: September 30, 2013
		
	LOAN C COMMITMENT AMOUNT: $2,000,000	  	Loan C Commitment Termination Date: September 15, 2014
		
	LOAND COMMITMENT AMOUNT:  $1,000,000	  	Loan D Commitment Termination Date: September 15, 2014

 WHEREAS, Borrower, Lenders and the Collateral Agent are parties to a certain Venture Loan and
Security Agreement dated as of September 30, 2013, as amended (as amended, amended and restated, supplemented or otherwise modified from time to time, the “Original Loan Agreement”) pursuant to which, among other things,
(i) Horizon provided a loan to eASIC as evidenced by a certain Secured Promissory Note (Loan A) executed by eASIC in favor of Horizon, dated September 30, 2013, in the original principal amount of Two Million and 00/100 Dollars
($2,000,000.00) (the “Loan A Note”), (ii) DBD provided a loan to eASIC as evidenced by a certain Secured Promissory Note (Loan B) executed by eASIC in favor of DBD, dated September 30, 2013, in the original principal
amount of Four Million and 00/100 Dollars ($4,000,000.00) (the “Loan B Note” and collectively with the Loan A Note, the “Notes”) and (iii) Collateral Agent and Lenders have been granted a security interest in
all assets of eASIC, except with respect to eASIC’s Intellectual Property. 
 WHEREAS, Horizon transferred all of its right, title and
interest in and to the Loan A Note and the Loan Agreement to Horizon Funding 2013-1 LLC (“Funding”) on or about June 28, 2013, and Funding subsequently sold all of its right, title and interest in and to the Loan A Note and the
Loan Agreement to Horizon Trust on or about June 28, 2013. 
 WHEREAS, DBD transferred all of its right, title and interest in and to
the Loan B Note and the Loan Agreement to FCO on or about September 30, 2013. 
 WHEREAS, the parties hereto desire to amend and
restate the Original Loan Agreement to, among other things, include an additional term loan facility. 
 NOW THEREFORE, the Lenders,
Collateral Agent and Borrower hereby agree as follows: 
 AGREEMENT 

1. Definitions and Construction. 

1.1 Definitions. As used in this Agreement, the following capitalized terms shall have the following meanings: 

“Account Control Agreement” means an agreement acceptable to Lenders which perfects via control Collateral Agent’s and
Lenders’ security interest in Borrower’s accounts. 
 “Affiliate” means any Person that owns or controls directly
or indirectly twenty percent (20%) or more of the stock of another entity, any Person that controls or is controlled by or is under common control with such Persons or any Affiliate of such Persons and each of such Person’s officers,
directors, managers, joint venturers or partners. 
 “Agreement” means this certain Venture Loan and Security Agreement by
and among Borrower, Collateral Agent and Lenders dated as .of the date on the cover page hereto (as it may from time to time be amended or supplemented in writing signed by the Borrower, Collateral Agent and Lenders). 

  
 2. 

 “Anti-Terrorism Laws” means any laws relating to terrorism or money laundering,
including, without limitation, Executive Order No. 13224 (effective September 24, 2001), the USA PATRIOT Act, the laws comprising or implementing the Bank Secrecy Act, and the laws administered by OFAC. 

“Blocked Person” means any Person: (a) listed in the annex to, or is otherwise subject to the provisions of, Executive
Order No. 13224, (b) a Person owned or controlled by, or acting for or on behalf of, any Person that is listed in the annex to, or is otherwise subject to the provisions of, Executive Order No. 13224, (c) a Person with which any
Lender is prohibited from dealing or otherwise engaging in any transaction by any Anti-Terrorism Law, (d) a Person that commits, threatens or conspires to commit or supports “terrorism” as defined in Executive Order No. 13224, or
(e) a Person that is named a “specially designated national” or “blocked person” on the most current list published by OFAC or other similar list. 

“Borrower” means the Borrower as set forth on the cover page of this Agreement and its permitted successors and assigns. 

“Business Day” means any day that is not a Saturday, Sunday, or other day on which banking institutions are authorized or
required to close in New York or California. 
 “Claim” has the meaning given such term in Section 10.3 of this
Agreement 
 “Code” means the Uniform Commercial Code as adopted and in effect in the State of New York, as amended from
time to time; provided that if by reason of mandatory provisions of law, the creation and/or perfection or the effect of perfection or non-perfection of the security interest in any Collateral is governed by the Uniform Commercial Code
as in effect in a jurisdiction other than New York, the term “Code” shall also mean the Uniform Commercial Code as in effect from time to time in such jurisdiction for purposes of the provisions hereof relating to such creation,
perfection or effect of perfection or non-perfection. 
 “Collateral” has the meaning given such term in
Section 4.1 of this Agreement. 
 “Collateral Agent” shall mean Horizon. 

“Commitment Fee” means, as applicable, the Commitment Fee Loans A and B or the Commitment Fee Loans C and D. 

“Commitment Fee Loans A and B” has the meaning given such term in Section 2.6(c)(i) of this Agreement. 

“Commitment Fee Loans C and D” has the meaning given such term in Section 2.6(c)(ii) of this Agreement. 

“DBD” means DBD Credit Funding LLC, its successors and assigns. 

“Default” means any event which with the passing of time or the giving of notice or both would become an Event of Default
hereunder. 

  
 3. 

 “Default Rate” means the per annum rate of interest equal to five percent
(5%) over the Loan Rate, but such rate shall in no event be more than the highest rate permitted by applicable law to be charged on commercial loans in a default situation. 

“Disclosure Schedule” means Exhibit A attached hereto. 

“Environmental Laws” means all foreign, federal, state or local laws, statutes, common law duties, rules, regulations,
ordinances and codes, together with all administrative orders, directed duties, requests, licenses, authorizations and permits of, and agreements with, any Governmental Authorities, in each case relating to environmental, health, safety and land use
matters, including the Comprehensive Environmental Response, Compensation and Liability Act of 1980, the Clean Air Act, the Federal Water Pollution Control Act of 1972, the Solid Waste Disposal Act, the Federal Resource Conservation and Recovery
Act, the Toxic Substances Control Act and the Emergency Planning and Community Right-to-Know Act. 
 “Equity Securities” of
any Person means (a) all common stock, preferred stock, participations, shares, partnership interests, membership interests or other equity interests in and of such Person (regardless of how designated and whether or not voting or non-voting)
and (b) all warrants, options and other rights to acquire any of the foregoing. 
 “ERISA” has the meaning given to
such term in Section 7.12 of this Agreement. 
 “Event of Default” has the meaning given to such term in
Section 8 of this Agreement. 
 “FCO” means Fortress Credit Opportunities I LP, a Delaware limited partnership.

 “Foreign Subsidiary” or “Foreign Subsidiaries” means any Subsidiary that is not an entity organized
under the laws of the United States or any territory thereof. 
 “Funding Certificate” means a certificate executed by a
duly authorized Responsible Officer of Borrower substantially in the form of Exhibit B or such other form as Lenders may agree to accept. 

“Funding Date” means any date on which a Loan is made to or on account of Borrower under this Agreement. 

“GAAP” means generally accepted accounting principles as in effect in the United States of America from time to time,
consistently applied. 
 “Good Faith Deposit” means, as applicable, the Good Faith Deposit Loans A and B or the Good Faith
Deposit Loans C and D. 
 “Good Faith Deposit Loans A and B” has the meaning given such term in
Section 2.6(a)(i) of this Agreement. 
 “Good Faith Deposit Loans C and D” has the meaning given such term in
Section 2.6(a)(ii) of this Agreement. 

  
 4. 

 “Governmental Authority” means (a) any federal, state, county, municipal or
foreign government, or political subdivision thereof, (b) any governmental or quasi-governmental agency, authority, board, bureau, commission, department, instrumentality or public body, (c) any court or administrative tribunal, or
(d) with respect to any Person, any arbitration tribunal or other non-governmental authority to whose jurisdiction that Person has consented. 

“Hazardous Materials” means all those substances which are regulated by, or which may form the basis of liability under, any
Environmental Law, including all substances identified under any Environmental Law as a pollutant, contaminant, hazardous waste, hazardous constituent, special waste, hazardous substance, hazardous material, or toxic substance, or petroleum or
petroleum derived substance or waste. 
 “Horizon” means Horizon Technology Finance Corporation, its successors and
assigns. 
 “Horizon Trust” means Horizon Funding Trust 2013-1, a statutory trust created and existing pursuant to the laws
of the State of Delaware. 
 “Indebtedness” means, with respect to Borrower or any Subsidiary, the aggregate amount of,
without duplication, (a) all obligations of such Person for borrowed money, (b) all obligations of such Person evidenced by bonds, debentures, notes or other similar instruments, (c) all obligations of such Person to pay the deferred
purchase price of property or services (excluding trade payables aged less than one hundred eighty (180) days), (d) all capital lease obligations of such Person, (e) all obligations or liabilities of others secured by a Lien on any
asset of such Person, whether or not such obligation or liability is assumed, (f) all obligations or liabilities of others guaranteed by such Person, and (g) any other obligations or liabilities which are required by GAAP to be shown as
debt on the balance sheet of such Person. Unless otherwise indicated, the term “Indebtedness” shall include all Indebtedness of Borrower and the Subsidiaries. 

“Indemnified Person” has the meaning given such term in Section 10.3 of this Agreement. 

“Intellectual Property” means, with respect to any Person, all of such Person’s right, title and interest in and to
patents, patent rights (and applications and registrations therefor and divisions, continuations, renewals, reissues, extensions and continuations-in-part of the same), trademarks and service marks (and applications and registrations therefor and
the goodwill associated therewith), inventions, copyrights (including applications and registrations therefor and like protections in each work or authorship and derivative work thereof), mask works (and applications and registrations therefor),
trade names, trade styles, software and computer programs, source code, object code, trade secrets, licenses, methods, processes, know how, drawings, specifications, descriptions, and all memoranda, notes, and records with respect to any research
and development, all whether now owned or subsequently acquired or developed by such Person and whether in tangible or intangible form or contained on magnetic media readable by machine together with all such magnetic media (but not including
embedded computer programs and supporting information included within the definition of “goods” under the Code). 

“Interest Only Extension Milestone” means Borrower providing Lenders with evidence reasonably satisfactory to Lenders that
Borrower has achieved revenue (as determined in 

  
 5. 

 
accordance with GAAP) of not less than Forty-Six Million Seven Hundred Fifty Thousand Dollars ($46,750,000) for the period commencing January 1, 2014 through and including
December 31,2014. 
 “Investment” means the purchase or acquisition of any capital stock, equity interest, or any
obligations or other securities of, or any interest in, any Person, or the extension of any advance, loan, extension of credit or capital contribution to, or any other investment in, or deposit with, any Person. 

“Landlord Agreement” means an agreement substantially in the form provided by Lenders to Borrower or such other form as
Lenders may agree to accept. 
 “Lender” means each Lender as set forth on the cover page of this Agreement and their
successors and assigns, and “Lenders” means all such Lenders. 
 “Lenders’ Expenses” means all
reasonable costs or expenses (including, without limitation, reasonable attorneys’ fees and expenses) incurred in connection with the preparation, negotiation, documentation, administration, perfection and funding of the Loan Documents; and
Lenders’ reasonable attorneys’ fees, costs and expenses incurred in drafting, amending, modifying, enforcing or defending the Loan Documents (including fees and expenses of appeal or review), including the exercise of any rights or
remedies afforded hereunder or under applicable law, whether or not suit is brought, whether before or after bankruptcy or insolvency, including without limitation all fees and costs incurred by Lenders in connection with Lenders’ enforcement
of its rights in a bankruptcy or insolvency proceeding filed by or against Borrower or its Property. 
 “Lien” means any
voluntary or involuntary security interest, pledge, bailment, lease, mortgage, hypothecation, conditional sales and title retention agreement, encumbrance or other lien with respect to any Property in favor of any Person. 

“Loan” means each advance of credit by Lender to Borrower under this Agreement and, “Loans” means,
collectively all such advances of credit. 
 “Loan A” means the advance of credit by Horizon to Borrower under this
Agreement in the Loan A Commitment Amount. 
 “Loan A Commitment Amount” has the meaning set forth on the cover page of
this Agreement. 
 “Loan A Commitment Termination Date” has the meaning set forth on the cover page of this Agreement. 

“Loan A Final Payment” has the meaning given such term in Section 2.2(g) of this Agreement. 

“Loan Amortization Date” means the Payment Date on which Borrower is required, pursuant to Section 2.2
(a) below, to commence making equal payments of principal plus accrued interest on the outstanding principal amount of the Loans. 

  
 6. 

 “Loan B” means the advance of credit by DBD to Borrower under this Agreement in
the Loan B Commitment Amount. 
 “Loan B Commitment Amount” has the meaning set forth on the cover page of this Agreement.

 “Loan B Commitment Termination Date” has the meaning set forth on the cover page of this Agreement. 

“Loan B Final Payment” has the meaning given such term in Section 2.2(g) of this Agreement. 

“Loan C” means the advance of credit by Horizon to Borrower under this Agreement in the Loan C Commitment Amount. 

“Loan C Commitment Amount” has the meaning set forth on the cover page of this Agreement. 

“Loan C Commitment Termination Date” has the meaning set forth on the cover page of this Agreement. 

“Loan C Final Payment” has the meaning given such term in Section 2.2(g) of this Agreement. 

“Loan D” means the advance of credit by DBD to Borrower under this Agreement in the Loan D Commitment Amount. 

“Loan D Commitment Amount” has the meaning set forth on the cover page of this Agreement. 

“Loan D Commitment Termination Date” has the meaning set forth on the cover page of this Agreement. 

“Loan D Final Payment” has the meaning given such term in Section 2.2(g) of this Agreement. 

“Loan Documents” means, collectively, this Agreement, the Notes, the Warrants, any Landlord Agreement, any Account Control
Agreement and all other documents, instruments and agreements entered into in connection with this Agreement, all as amended or extended from time to time. 

“Loan Rate” means, as applicable, the “Loan Rate Loans A and B” or the “Loan Rate Loans C and D”. 

“Loan Rate Loans A and B” means, with respect to each of Loan A and Loan B, the per annum rate of interest (based on a year
of twelve 30-daymonths) equal to 11.0%. 

  
 7. 

 “Loan Rate Loans C and D” “means, with respect to each of Loan C and Loan
D, the per annum rate of interest (based on a year of twelve 30-day months) equal to the greater of (a) 10.75% or (b) 10.75% plus the difference between (i) the one month LIBOR Rate (rounded to the nearest one hundredth percent), as
reported in the Wall Street Journal, on the date which is five (5) Business Days before the Funding Date for such Loan (or, if the Wall Street Journal is not published on such date, the next earlier date on which it is published)
and (ii) 0.25%. 
 “Maturity Date” means, as applicable, the “Maturity Date Loans A and B” or the
“Maturity Date Loans C and D”. 
 “Maturity Date Loans A and B” means, with respect to each of Loan A and Loan B,
April 1, 2017, or if earlier, the date of acceleration of such Loan following an Event of Default or the date of prepayment, whichever is applicable, provided, however, that if Borrower achieves the Interest Only Extension Milestone, Borrower
may elect to extend the maturity date until October 1, 2017, or if earlier, the date of acceleration of such Loan following an Event of Default or the date of prepayment, whichever is applicable. 

“Maturity Date Loans C and D” means, with respect to each of Loan C and Loan D, April 1, 2018, or if earlier, the date
of acceleration of such Loan following an Event of Default or the date of prepayment, whichever is applicable. 
 “Modified
Scheduled Payments” has the meaning given such term in Section2.2(a)(i) of this Agreement. 
 “Notes” means
the “Notes Loans A and B” and the “Notes Loans C and D”. 
 “Notes Loans A and B” means, with
respect to Loans A and B, each promissory note executed in connection with a Loan in substantially the form of Exhibit C attached hereto. 

“Notes Loans C and D” means, with respect to Loans C and D, each promissory note executed in connection with a Loan in
substantially the form of Exhibit D attached hereto. 
 “Obligations” means all debt, principal, interest, fees,
charges, Lenders’ Expenses and attorneys’ fees and costs and other amounts, obligations, covenants, and duties owing by Borrower to Lenders of any kind and description (whether pursuant to or evidenced by the Loan Documents (other than the
Warrant), or by any other agreement between Lenders and Borrower (other than the Warrant), and whether or not for the payment of money), whether direct or indirect, absolute or contingent, due or to become due, now existing or hereafter arising,
including all Lenders’ Expenses, but excluding any inchoate indemnity obligations arising after the termination of this Agreement. 

“Officer’s Certificate” means a certificate executed by a Responsible Officer substantially in the form of Exhibit
F or such other form as Lenders may agree to accept. 
 “Original Loan Agreement” has the meaning given such term in
the recitals hereto. 
 “Payment Date” has the meaning given such term in Section 2.2(a) of this Agreement.

  
 8. 

 “Permitted Indebtedness” means and includes: 

(a) Indebtedness of Borrower to Lenders; 

(b) Indebtedness arising from the endorsement of instruments in the ordinary course of business; 

(c) Indebtedness existing on the date hereof and set forth on the Disclosure Schedule annexed hereto; 

(d) Indebtedness currently existing or hereafter arising (including refinancings of existing Indebtedness) in an aggregate principal amount
not exceeding Eight Million Dollars ($8,000,000), consisting of a revolving credit facility in which the loans are limited to not more than Eighty-Five Percent (85%) of Borrower’s eligible accounts receivable, including amendments,
restatements and refinancings thereof, provided, however, that if, at any time, Borrower’s aggregate revenue (as determined in accordance with GAAP) during the most recently ended three (3) calendar month period is less than Eight Million
Five Hundred Thousand Dollars ($8,500,000), then the maximum principal amount of Indebtedness permitted by this clause (d) shall be Five Million Dollars ($5,000,000) until such time that Borrower achieves aggregate revenue (as determined in
accordance with GAAP) of not less than Eight Million Five Hundred Thousand Dollars ($8,500,000) during the most recently ended three (3) calendar month period, provided further, that Lenders will, in their sole discretion, consider increasing
the maximum accounts receivable financing permitted pursuant to this clause (d) at the Borrower’s request from time to time in the event that Borrower’s accounts receivables are increased in an amount which will support increased
accounts receivable financing; 
 (e) unsecured Indebtedness to trade creditors in the ordinary course of business; 

(f) Subordinated Debt; 
 (g)
Indebtedness of Borrower secured by Liens permitted under clause (g) of the definition of Permitted Liens, up to an aggregate principal amount of Five Hundred Fifty Thousand Dollars ($550,000) at any one time; 

(h) Other Indebtedness not to exceed $10,000 at any time; and 

(i) extensions, refinancings, modifications, amendments and restatements of any items of Permitted Indebtedness (a) through
(g) above, provided that the principal amount thereof is not increased or the terms thereof are not modified to impose materially more burdensome terms upon Borrower. 

“Permitted Investments” means and includes any of the following Investments as to which Lender has a perfected security
interest: 
 (a) Deposits and deposit accounts with commercial banks organized under the laws of the United States or a state thereof to
the extent: (i) the deposit accounts of each such institution are insured by the Federal Deposit Insurance Corporation up to the legal limit; and (ii)

  
 9. 

 
each such institution has an aggregate capital and surplus of not less than One Hundred Million Dollars ($100,000,000); 

(b) Investments in marketable obligations issued or fully guaranteed by the United States and maturing not more than one (1) year from
the date of issuance; 
 (c) Investments in open market commercial paper rated at least “A1” or “P1” or higher by a
national credit rating agency and maturing not more than one (1) year from the creation thereof; 
 (d) Investments in Borrower’s
Subsidiaries in an aggregate outstanding amount not to exceed Five Hundred Fifty Thousand Dollars (US$550,000) in the aggregate in any fiscal month; 

(e) Investments in cash and cash equivalents; 

(f) Investments accepted in connection with Transfers permitted by Section 7.4; 

(g) Investments in an aggregate outstanding amount not to exceed One Hundred Thousand Dollars ($100,000) in the aggregate in any fiscal year,
consisting of (i) travel advances and employee relocation loans and other employee loans and advances in the ordinary course of business, and (ii) loans to employees, officers or directors relating to the purchase of equity securities of
Borrower pursuant to employee stock purchase plans or agreements approved by Borrower’s Board of Directors 
 (h) Investments
(including debt obligations) received in connection with the bankruptcy or reorganization of customers or suppliers and in settlement of delinquent obligations of, and other disputes with, customers or suppliers arising in the ordinary course of
business; 
 (i) Investments consisting of notes receivable of, or prepaid royalties and other credit extensions, to customers and
suppliers who are not Affiliates, in the ordinary course of business; provided that this paragraph (i) shall not apply to Investments of Borrower in any Subsidiary; 

(j) joint ventures or strategic alliances in the ordinary course of Borrower’s business consisting of non-exclusive licenses of
technology, the development of technology or the providing of technical support, provided that any cash investments by Borrower do not exceed Fifty Thousand Dollars ($50,000) in any fiscal year; 

(k) Investments pursuant to Borrower’s board approved investment policy (if applicable) existing on the date hereof and provided to
Lenders; and 
 (l) other Investments aggregating not in excess of Two Hundred Fifty Thousand Dollars ($250,000) at any time. 

“Permitted Liens” means and includes: 

  
 10. 

 (a) the Lien created by this Agreement; 

(b) Liens for fees, taxes, levies, imposts, duties or other governmental charges of any kind which are not yet delinquent or which are being
contested in good faith by appropriate proceedings which suspend the collection thereof (provided that such appropriate proceedings do not involve any substantial danger of the sale, forfeiture or loss of any material item of
Collateral which in the aggregate is material to Borrower and that Borrower has adequately bonded such Lien or reserves sufficient to discharge such Lien have been provided on the books of Borrower); 

(c) Liens identified on the Disclosure Schedule; 

(d) carriers’, warehousemen’s, mechanics’, materialmen’s, repairmen’s or other similar Liens arising in the ordinary
course of business and which are not delinquent or remain payable without penalty or which are being contested in good faith and by appropriate proceedings (provided that such appropriate proceedings do not involve any substantial
danger of the sale, forfeiture or loss of any material item of Collateral or Collateral which in the aggregate is material to Borrower and that Borrower has adequately bonded such Lien or reserves sufficient to discharge such Lien have been provided
on the books of Borrower); and 
 (e) Liens granted in connection with Indebtedness permitted under subsection (d) of the definition
of Permitted Indebtedness; and 
 (f) non-exclusive licenses of Intellectual Property entered into in the ordinary course of business; 

(g) upon any equipment or other personal property acquired by Borrower after the date hereof to secure (i) the purchase price of such
equipment or other personal property, or (ii) capital lease obligations or indebtedness incurred solely for the purpose of financing the acquisition of such equipment or other personal property; provided that (A) such Liens are confined
solely to the equipment or other personal property so acquired and the amount secured does not exceed the acquisition price thereof, and (B) no such Lien shall be created, incurred, assumed or suffered to exist in favor of Borrower’s
officers, directors or shareholders holding five percent (5%) or more of Borrower’s Equity Securities; 
 (h) Liens to secure
payment of workers’ compensation, employment insurance, old-age pensions, social security and other like obligations incurred in the ordinary course of business (other than Liens imposed by ERISA); 

(i) Liens incurred in the extension, renewal or refinancing of the indebtedness secured by Liens described in (a) through (e), but any
extension, renewal or replacement Lien must be limited to the property encumbered by the existing Lien and the principal amount of the indebtedness may not increase; 

(j) leases or subleases of real property granted in the ordinary course of Borrower’s business (or, if referring to another person, in
the ordinary course of such person’s business), and leases, subleases, non-exclusive licenses or sublicenses of personal property (other than Intellectual Property) granted in the ordinary course of Borrower’s business (or, if referring

  
 11. 

 
to another person, in the ordinary course of such person’s business), if the leases, subleases, licenses and sublicenses do not prohibit granting Lender a security interest therein; 

(k) Liens arising from attachments or judgments, orders, or decrees in circumstances not constituting an Event of Default under
Section 8.6; and 
 (l) banker’s liens, rights of setoff and Liens in favor of financial institutions incurred made in the
ordinary course of business arising in connection with Borrower’s deposit accounts or securities accounts held at such institutions to secure solely payment of fees and similar costs and expenses and provided such accounts are maintained in
compliance with Section 7.13 hereof. 
 “Person” means and includes any individual, any partnership, any corporation,
any business trust, any joint stock company, any limited liability company, any unincorporated association or any other entity and any domestic or foreign national, state or local government, any political subdivision thereof, and any department,
agency, authority or bureau of any of the foregoing. 
 “Property” means any interest in any kind of property or asset,
whether real, personal or mixed, whether tangible or intangible. 
 “R&D Agreement” has the meaning given such term in
Section 5.12 of this Agreement. 
 “Responsible Officer” has the meaning given such term in
Section 6.3 of this Agreement. 
 “Scheduled Payments” has the meaning given such term in
Section 2.2(a) (ii) of this Agreement. 
 “Scheduled Payments Loans A and B” has the meaning given such
term in Section 2.2(a)(i) of this Agreement. 
 “Scheduled Payments Loans C and D” has the meaning given such
term in Section 2.2(a)(ii) of this Agreement. 
 “Solvent” has the meaning given such term in
Section 5.11 of this Agreement. 
 “Subordinated Debt” means Indebtedness now existing or hereafter arising
entered into by Borrower or its Subsidiaries the incurrence of which by Borrower is consented to by Lenders and which is subordinated to all Indebtedness by Borrower to Lenders pursuant to a subordination agreement, intercreditor agreement, or
similar agreement, in form and substance acceptable to Lenders in their sole discretion. 
 “Subsidiary” means any
corporation or other entity of which a majority of the outstanding Equity Securities entitled to vote for the election of directors or other governing body (otherwise than as the result of a default) is owned by Borrower directly or indirectly
through Subsidiaries. 
 “Transfer” has the meaning given such term in Section 7.4 of this Agreement. 

  
 12. 

 “Warrant” means, as applicable, each “Warrant Loans A and B” or
“Warrant Loans C and D”. 
 “Warrant Loans A and B” means the separate warrant or warrants dated on or about
September 30, 2013, in favor of each of Horizon and DBD, or their respective designees, to purchase securities of Borrower. 

“Warrant Loans C and D” means the separate warrant or warrants dated on or about the date hereof in favor of each of Horizon
and DBD, or their respective designees, to purchase securities of Borrower. 
 1.2 Construction. References in this Agreement to
“Articles,” “Sections,” “Exhibits,” “Schedules” and “Annexes” are to recitals, articles, sections, exhibits, schedules and annexes herein and hereto unless otherwise indicated. References in
this Agreement and each of the other Loan Documents to any document, instrument or agreement shall include (a) all exhibits, schedules, annexes and other attachments thereto, (b) all documents, instruments or agreements issued or executed
in replacement thereof, and (c) such document, instrument or agreement, or replacement or predecessor thereto, as amended, modified and supplemented from time to time and in effect at any given time. The words “hereof,”
“herein” and “hereunder” and words of similar import when used in this Agreement or any other Loan Document shall refer to this Agreement or such other Loan Document, as the case may be, as a whole and not to any particular
provision of this Agreement or such other Loan Document, as the case may be. The words “include” and “including” and words of similar import when used in this Agreement or any other Loan Document shall not be construed to be
limiting or exclusive. Unless otherwise indicated in this Agreement or any other Loan Document, all accounting terms used in this Agreement or any other Loan Document shall be construed, and all accounting and financial computations hereunder or
thereunder shall be computed, in accordance with GAAP, and all terms describing Collateral shall be construed in accordance with the Code. The terms and information set forth on the cover page of this Agreement are incorporated into this Agreement.

 2. Loans; Repayment. 

2.1 Commitment. 
 (a)
The Commitment Amount. Subject to the terms and conditions of this Agreement and relying upon the representations and warranties herein set forth as and when made or deemed to be made, Horizon agrees to lend to Borrower prior to the Loan A
Commitment Termination Date, Loan A. Subject to the terms and conditions of this Agreement and relying upon the representations and warranties herein set forth as and when made or deemed to be made, DBD agrees to lend to Borrower prior to the Loan B
Commitment Termination Date, Loan B. Subject to the terms and conditions of this Agreement and relying upon the representations and warranties herein set forth as and when made or deemed to be made, Horizon agrees to lend to Borrower prior to the
Loan C Commitment Termination Date, Loan C. Subject to the terms and conditions of this Agreement and relying upon the representations and warranties herein set forth as and when made or deemed to be made, DBD agrees to lend to Borrower prior to the
Loan D Commitment Termination Date, Loan D. 

  
 13. 

 (b) The Loans and the Notes. The obligation of Borrower to repay the unpaid principal
amount of and interest on each Loan shall be evidenced by a Note issued to each Lender. 
 (c) Use of Proceeds. The proceeds of each
Loan shall be used solely for working capital or general corporate purposes of Borrower, including the repayment of Borrower’s Indebtedness owed to Silicon Valley Bank, in the approximate amount of $1,859,971.75 and Gold Hill Capital, in the
approximate amount of $1,050,442.31 with the proceeds of Loan A and Loan B. 
 (d) Termination of Commitment to Lend.
Notwithstanding anything in the Loan Documents, each respective Lender’s obligation to lend the undisbursed portion of the Commitment Amount to Borrower hereunder shall terminate on the earlier of (i) at each respective Lender’s sole
election, the occurrence of any Default or Event of Default hereunder, and (ii) with respect to Loan A, on the Loan A Commitment Termination Date and with respect to Loan B, on the Loan B Commitment Termination Date. Notwithstanding the
foregoing, each Lender’s obligation to lend the undisbursed portion of its Commitment Amount to Borrower shall terminate if, in such Lender’s reasonable discretion, there has been a material adverse change in the general affairs,
management, results of operations, condition (financial or otherwise) of Borrower (taken as a whole), whether or not arising from transactions in the ordinary course of business, or there has been any material adverse deviation by Borrower from the
business plan of Borrower presented to Lenders on or before the date of this Agreement. 
 2.2 Payments. 

(a) Scheduled Payments. 

(i) Loan A and Loan B. Borrower shall make (i) a monthly payment of accrued interest only on the outstanding principal amount of
each of Loan A and Loan B on the Payment Dates specified in the Note Loans A and B applicable to such Loan through April 1, 2015, and (ii) commencing on May 1, 2015, an equal payment of principal in an amount which would amortize the
Loans A and B over the amortization period plus accrued interest on the outstanding principal amount of each Loan A and B on the next twenty-four (24) Payment Dates as set forth in the Note Loans A and B applicable to such Loan (collectively,
the “Scheduled Payments Loans A and B”). Notwithstanding the foregoing, if Borrower has achieved the Interest Only Extension Milestone and elects by providing written notice to Lenders on or before February 28, 2015, then
Borrower shall make (1) a monthly payment of accrued interest only on the outstanding principal amount of each Loan A and B on the Payment Dates specified in the Note Loans A and B applicable to such Loan through October 1, 2015, and
(2) commencing on November 1, 2015, an equal payment of principal in an amount which would amortize the Loans A and B over the amortization period plus accrued interest on the outstanding principal amount of each Loan A and B on the next
twenty-four (24) Payment Dates as set forth in the Note Loans A and B applicable to such Loan (collectively, the “Modified Scheduled Payments”). 

(ii) Loan C and Loan D. Borrower shall make (i) a monthly payment of accrued interest only on the outstanding principal amount of
each of Loan C and 

  
 14. 

 
Loan D on the Payment Dates specified in the Note Loans C and D applicable to such Loan through October I, 2015 and (ii) commencing on November I, 2015, an equal payment of principal in an
amount which would amortize the Loans C and D over the amortization period plus accrued interest on the outstanding principal amount of each Loan C and D on the next thirty (30) Payment Dates as set forth in the Note Loans C and D applicable to
such Loan (collectively, the “Scheduled Payments Loans C and D”, and together with the Scheduled Payments Loans A and B, and the Modified Scheduled Payments, the “Scheduled Payments”). 

(b) Interim Payment. Unless the Funding Date for a Loan is the first day of a calendar month, Borrower shall pay the per diem interest
(accruing at the Loan Rate from the Funding Date through the last day of that month) payable with respect to such Loan on the first Business Day of the next calendar month. 

(c) Payment of Interest. Borrower shall pay interest on each Loan at a per annum rate of interest equal to the Loan Rate, which shall
be fixed on the Funding Date. All computations of interest (including interest at the Default Rate, if applicable) shall be based on a year of twelve 30-day months. Notwithstanding any other provision hereof, the amount of interest payable hereunder
shall not in any event exceed the maximum amount permitted by the law applicable to interest charged on commercial loans. 
 (d)
Application of Payments. All payments received by Lenders prior to an Event of Default shall be applied as follows: (1) first, to each Lender’s pro rata portion of the Lenders’ Expenses then due and owing; and (2) second
to all Scheduled Payments then due and owing (provided, however, if such payments are not sufficient to pay the whole amount then due, such payments shall be applied first to unpaid interest at the Loan Rate, then to the remaining
amount then due). After an Event of Default, all payments and application of proceeds shall be made as set forth in Section 9.7. 

(e) Late Payment Fee. Borrower shall pay to Lenders a late payment fee equal to five percent (5%) of any Scheduled Payment not
paid when due. 
 (f) Default Rate. Borrower shall pay interest at a per annum rate equal to the Default Rate on any amounts
required to be paid by Borrower under this Agreement or the other Loan Documents (including Scheduled Payments), payable with respect to any Loan, accrued and unpaid interest, and any fees or other amounts which remain unpaid after such amounts are
due. If an Event of Default has occurred and the Obligations have been accelerated (whether automatically or by Lenders’ election), Borrower shall pay interest on the aggregate, outstanding accelerated balance hereunder from the date of the
Event of Default until all Events of Default are cured, at a per annum rate equal to the Default Rate. 
 (g) Final Payment. 

(i) Loan A Final Payment. Borrower shall pay to Horizon a payment in the amount of Fifty Thousand Dollars ($50,000) (the “Loan
A Final Payment”) upon the earlier of (i) payment in full of the principal balance of Loan A, (ii) an Event of Default and demand by any Lender of payment in full of Loan A or (iii) on the Maturity Date Loans A and B, as
applicable. 

  
 15. 

 (ii) Loan B Final Payment. Borrower shall pay to DBD a payment in the amount of One
Hundred Thousand Dollars ($100,000) (the “Loan B Final Payment”) upon the earlier of(i) payment in full of the principal balance of Loan B, (ii) an Event of Default and demand by any Lender of payment in full of Loan B or
(iii) on the Maturity Date Loans A and B, as applicable. 
 (iii) Loan C Final Payment. Borrower shall pay to Horizon a payment
in the amount of Fifty Thousand Dollars ($50,000) (the “Loan C Final Payment”) upon the earlier of (i) payment in full of the principal balance of Loan C, (ii) an Event of Default and demand by any Lender of payment in
full of Loan C or (iii) on the Maturity Date Loans C and D, as applicable. 
 (iv) Loan D Final Payment. Borrower shall pay to
DBD a . payment in the amount of Twenty-Five Thousand Dollars ($25,000) (the “Loan D Final Payment”) upon the earlier of (i) payment in full of the principal balance of Loan D, (ii) an Event of Default and demand by any
Lender of payment in full of Loan D or (iii) on the Maturity Date Loans C and D, as applicable. 
 2.3 Prepayments. 

(a) Mandatory Prepayment Upon an Acceleration. If the Loans are accelerated following the occurrence of an Event of Default pursuant
to Section 9.1(a) hereof, then Borrower, in addition to any other amounts which may be due and owing hereunder, shall immediately pay to Lenders the amount set forth in Section 2.3(b) below, as if the Borrower had opted to prepay on the
date of such acceleration. 
 (b) Optional Prepayment. 

(i) Loan A and Loan B. Upon five (5) Business Days’ prior written notice to Lenders, Borrower may, at its option, at any
time, prepay all of Loan A and Loan B by simultaneously paying to each Lender an amount equal to (i) any accrued and unpaid interest on the outstanding principal balance of its respective Loan A and B; plus (ii) an amount equal to
(A) if the respective Loan A and B is prepaid on or prior to the Loan Amortization Date for Loans A and B, four (4%) percent of the then outstanding principal balance of such Loan, (B) if the respective Loan is prepaid after the Loan
Amortization Date for Loans A and B but on or prior to the date that is twelve (12) months after the Loan Amortization Date for Loans A and B, two (2%) percent of the then outstanding principal balance of the respective Loan A and B, or
(C) if the respective Loan A and B is prepaid more than twelve (12) months after the Loan Amortization Date, but prior to the Maturity Date Loans A and B, one (1%) percent of the then outstanding principal balance of the respective
Loan A and B; plus (iii) the outstanding principal balance of the respective Loan A and Band plus (iv) all other sums, if any, that shall have become due and payable hereunder. 

(ii) Loan C and Loan D. Upon five (5) Business Days’ prior written notice to Lenders, Borrower may, at its option, at any
time, prepay all of Loan C and Loan D by simultaneously paying to each Lender an amount equal to (i) any accrued and unpaid interest on the outstanding principal balance of its respective Loan C and D; plus (ii) an amount

  
 16. 

 
equal to (A) if the respective Loan C and D is prepaid on or prior to the date that is eighteen (18) months from the Funding Date of such Loan, four (4%) percent of the then
outstanding principal balance of such Loan, (B) if the respective Loan C and D is prepaid more than eighteen (18) months after the applicable Funding Date of such Loan but on or prior to the date that is thirty (30) months after the
applicable Funding Date of such Loan, two (2%) percent of the then outstanding principal balance of the respective Loan C and D, or (C) if the respective Loan C and Dis prepaid more than thirty (30) months after applicable Funding
Date of such Loan, but prior to the Maturity Date Loans C and D, one (1%) percent of the then outstanding principal balance of the respective Loan C and D; plus (iii) the outstanding principal balance of the respective Loan C and D and
plus (iv) all other sums, if any, that shall have become due and payable hereunder. 
 2.4 Other Payment Terms. 

(a) Place and Manner. Borrower shall make all payments due to Lenders in lawful money of the United States. All payments of principal,
interest, fees and other amounts payable by Borrower hereunder shall be made, in immediately available funds, not later than 2:00 p.m. New York time, on the date on which such payment is due. Borrower shall make such payments to Lenders via wire
transfer or ACH as instructed by Lenders from time to time. 
 (b) Date. Whenever any payment is due hereunder on a day other than a
Business Day, such payment shall be made on the next succeeding Business Day, and such extension of time shall be included in the computation of interest or fees, as the case may be. 

(c) Taxes. 
 (i) Unless
otherwise required under applicable law, any and all payments made hereunder or under the Loans shall be made free and clear of and without deduction for any taxes; provided that if Borrower shall be required to deduct any taxes from such payments,
then (i) the sum payable shall be increased as necessary so that after making all required deductions (including deductions applicable to additional sums payable under this Section 2.4(c)) the relevant Lender receives an amount
equal to the sum it would have received had no such deductions been made, (ii) Borrower shall make such deductions and (iii) Borrower shall pay the full amount deducted to the relevant Governmental Authority in accordance with applicable
law. 
 (ii) Borrower shall indemnify Lenders, within 10 days after written demand therefor, for the full amount of any taxes imposed or
asserted directly on Lenders by any Governmental Authority on or attributable to amounts payable under this Agreement solely as a result of Lenders entering into this Agreement to the extent such taxes are paid by that Lender, and any penalties,
interest and reasonable expenses arising therefrom or with respect thereto, whether or not such taxes were correctly or legally imposed or asserted by the relevant Governmental Authority; provided, however, that such indemnified taxes
shall not include income or franchise taxes imposed on (or measured by) its net income by the jurisdiction, or any political subdivision thereof or taxing authority therein, under the laws of which such recipient is organized or in which its
principal office is located or in which its applicable lending office is 

  
 17. 

 
located. A certificate as to the amount of such payment or liability delivered to the Borrower by a Lender shall be conclusive absent manifest error. 

(iii) As soon as practicable after any payment of taxes by the Borrower hereunder to a Governmental Authority, Borrower shall deliver to
Lenders the original or a certified copy of a receipt issued by such Governmental Authority evidencing such payment, a copy of the return reporting such payment or other evidence of such payment reasonably satisfactory to Lenders. 

(iv) If any Lender is entitled to an exemption from or reduction of withholding tax under the law of the jurisdiction in which the Borrower
is located, or any treaty to which such jurisdiction is a party, with respect to payments under this Agreement, such Lender shall deliver to the Borrower, as reasonably requested by the Borrower, such properly completed and executed documentation
prescribed by applicable law as will permit such payments to be made without withholding or at a reduced rate. 
 (v) If a Lender receives
a refund in respect of taxes paid by the Borrower pursuant to this Section 2.4(c), which in the good faith judgment of such Lender is allocable to such payment, it shall promptly pay such refund, together with any other amounts paid by the
Borrower in connection with such refunded taxes, to the Borrower, net of all out-of- pocket expenses (including any taxes to which such Lender has become subject as a result of its receipt of such refund) of
such Lender incurred in obtaining such refund and without interest (other than any interest paid by the relevant Governmental Authority with respect to such refund); provided that the Borrower, upon the request of the applicable Lender, shall repay
to such Lender amounts paid over pursuant to the preceding clause (plus any penalties, interest or other charges imposed by the relevant Governmental Authority) in the event that such Lender is required to repay such refund to such Governmental
Authority. This paragraph shall not be construed to require any Lender to make available its tax returns (or any other information relating to its taxes that it deems confidential) to the Borrower or any other Person. 

2.5 Procedure for Making the Loans. 

(a) Notice. Borrower shall notify Lenders of the date on which Borrower desires Lender to make any Loan at least five
(5) Business Days in advance of the desired Funding Date, unless Lenders elect at their sole discretion to allow the Funding Date to be within five (5) Business Days of borrower’s notice. Borrower’s execution and delivery to
Lenders of one or more Notes shall be Borrower’s agreement to the terms and calculations thereunder with respect to the Loan. Lenders’ obligation to make any Loan shall be expressly subject to the satisfaction of the conditions set forth
in Section 3. 
 (b) Loan Rate Calculation. Prior to each Funding Date, Lenders shall establish the Loan Rate with
respect to such Loan, which shall be set forth in the Note to be executed by Borrower with respect to such Loan and shall be conclusive in the absence of a manifest error. 

(c) Disbursement. Lenders shall disburse the proceeds of each Loan by wire transfer to Borrower at the account specified in the
Funding Certificate for such Loan. 

  
 18. 

 2.6 Good Faith Deposit; Legal and Closing Expenses; and Commitment Fee. 

(a) Good Faith Deposit. 

(i) Loan A and Loan B. Borrower has delivered to Horizon a good faith deposit in the amount of Sixty Five Thousand Dollars ($65,000)
(the “Good Faith Deposit Loans A and B”). The Good Faith Deposit Loans A and B was credited to the Commitment Fee and to the expenses in Section 2.6(b) incurred in connection with the Original Loan Agreement. 

(ii) Loan C and Loan D. Borrower has delivered to Horizon a good faith deposit in the amount of Thirty Thousand Dollars ($30,000) (the
“Good Faith Deposit Loans C and D”). The Good Faith Deposit will be credited to the Commitment Fee and to the expenses in Section 2.6(b) incurred in connection with this Agreement. If the Funding Date does not occur, Lenders
shall retain the Good Faith Deposit Loans C and D as compensation for their time, expenses and opportunity cost. 
 (b) Legal, Due
Diligence and Documentation Expenses. Concurrently with its execution and delivery of this Agreement, Borrower shall pay to Lenders the Lenders’ reasonable legal, due diligence and documentation expenses in connection with the negotiation
and documentation of this Agreement and the Loan Documents. 
 (c) Commitment Fee. 

(i) Loan A and Loan B. Borrower has paid to Lenders concurrently with its execution and delivery of the Original Agreement, one
commitment fee in the amount of Sixty Thousand Dollars ($60,000) (the “Commitment Fee Loans A and B”) to be shared pro rata by the Lenders. The Commitment Fee Loans A and B was retained by Lenders and deemed fully earned upon
receipt. 
 (ii) Loan C and Loan D. Borrower shall pay to Lenders concurrently with its execution and delivery of this Agreement,
one commitment fee in the amount of Fifteen Thousand Dollars ($15,000) (the “Commitment Fee Loans C and D”) to be shared pro rata by the Lenders. The Commitment Fee Loans C and D shall be retained by Lenders and be deemed fully
earned upon receipt. 
 3. Conditions of Loans. 

3.1 Conditions Precedent to Closing. At the time of the execution and delivery of this Agreement, Lenders shall have received, in form
and substance reasonably satisfactory to each Lender, all of the following (unless a Lender has agreed to waive such condition or document, in which case such condition or document shall be a condition precedent to the making of any Loan and shall
be deemed added to Section 3.2 and 3.3): 
 (a) Loan Agreement. This Agreement duly executed by Borrower and Lenders.

 (b) Warrant. The Warrants duly executed by Borrower. 

  
 19. 

 (c) Secretary’s Certificate. A certificate of the secretary or assistant secretary
of Borrower with copies of the following documents attached: (i) the certificate of incorporation and bylaws of Borrower certified by Borrower as being complete and in full force and effect on the date thereof, (ii) incumbency and
representative signatures, and (iii) resolutions authorizing the execution and delivery of this Agreement and each of the other Loan Documents. 

(d) Good Standing Certificates. A good standing certificate from Borrower’s state of incorporation and the state in which
Borrower’s principal place of business is located, each dated as of a recent date. 
 (e) Certificate of Insurance. Evidence of
the insurance coverage required by Section 6.8 of this Agreement. 
 (f) Consents. All necessary consents of shareholders and
other third parties with respect to the execution, delivery and performance of this Agreement, the Warrant and the other Loan Documents. 

(g) Legal Opinion. A legal opinion of Borrower’s counsel substantially covering the matters set forth in Exhibit E hereto. 

(h) Account Control Agreements. Account Control Agreements for all of Borrower’s deposit accounts and accounts holding securities
duly executed by all of the parties thereto, in the forms provided by or reasonably acceptable to each Lender. 
 (i) Other
Documents. Such other documents and completion of such other matters, as Lender may reasonably deem necessary or appropriate. 
 3.2
Conditions Precedent to Making Loan A and Loan B. The obligation of Lender to make Loan A and Loan B is further subject to the following conditions: 

(a) No Default. No Default or Event of Default shall have occurred and be continuing. 

(b) Landlord Agreements. Borrower shall have provided Lenders with a Landlord Agreement for each location where Borrower’s books
and records and the Collateral is located (unless Borrower is the fee owner thereof). 
 (c) Note Loans A and B. Borrower shall have
duly executed and delivered a Note Loans A and B in the amount of the Loan A to Horizon, and a Note Loans A and B in the amount of Loan B to DBD. 

(d) UCC Financing Statements. Lenders shall have received such documents, instruments and agreements, including UCC financing
statements or amendments to UCC financing statements, as Lenders shall reasonably request to evidence the perfection and priority of the security interests granted to Collateral Agent and Lenders pursuant to Section 4. Borrower
authorizes Collateral Agent and Lenders to file any UCC financing statements, continuations of or amendments to UCC financing statements it deems necessary to perfect its security interest in the Collateral. 

  
 20. 

 (e) Funding Certificate. Borrower shall have duly executed and delivered to Lenders a
Funding Certificate for such Loans. 
 (f) Subordination Agreement. A Subordination Agreement with respect to the Indebtedness
constituting Permitted Indebtedness under subsection (d) of the definition of Permitted Indebtedness, executed by the lender providing such Indebtedness. 

(g) Silicon Valley Bank Payoff Letter. A payoff letter from Silicon Valley Bank, reasonably satisfactory to Lenders, which letter
shall (1) include the amount necessary to fully repay the Indebtedness owed by Borrower to Silicon Valley Bank, other than the Indebtedness covered in section (d) of the definition of Permitted Indebtedness, and (2) grant Borrower or
Lenders the right to take all necessary steps to release any Liens filed in connection with such Indebtedness owed by Borrower to Silicon Valley Bank. 

(h) Gold Hill Capital Payoff Letter. A payoff letter from Gold Hill Capital, reasonably satisfactory to Lenders, which letter shall
(1) include the amount necessary to fully repay the Indebtedness owed by Borrower to Gold Hill Capital and (2) grant Borrower or Lenders the right to take all necessary steps to release any Liens filed in connection with such Indebtedness
owed by Borrower to Gold Hill Capital. 
 (i) Other Documents. Such other documents and completion of such other matters, as Lender
may reasonably deem necessary or appropriate. 
 3.3 Conditions Precedent to Malting Loan C and Loan D. The obligation of Lender to
make Loan C and Loan Dis further subject to the following conditions: 
 (a) No Default. No Default or Event of Default shall have
occurred and be continuing. 
 (b) Note Loans C and D. Borrower shall have duly executed and delivered a Note Loans C and Din the
amount of the Loan C to Horizon, and a Note Loans C and D in the amount of Loan D to DBD. 
 (c) Funding Certificate. Borrower shall
have duly executed and delivered to Lenders a Funding Certificate for such Loans. 
 (d) Representations and Warranties. The
representations and warranties made by Borrower in Section 5 and in the other Loan Documents shall be true and correct as of such Funding Date. 

(e) Other Documents. Such other documents and completion of such other matters, as Lender may reasonably deem necessary or
appropriate. 
 3.4 Covenant to Deliver. Borrower agrees (not as a condition but as a covenant) to deliver to Lenders each item
required to be delivered to Lenders as a condition to each Loan, if such Loan is advanced. Borrower expressly agrees that the extension of any Loan prior to the receipt by a Lender of any such item shall not constitute a waiver by such Lender of

  
 21. 

 
Borrower’s obligation to deliver such item, and any such extension in the absence of a required item shall be in such Lender’s sole discretion. 

4. Creation of Security Interest. 

4.1 Grant of Security Interest. Borrower grants to Collateral Agent and each Lender a valid, continuing security interest in all
presently existing and hereafter acquired or arising Collateral in order to secure prompt, full and complete payment of any and all Obligations and in order to secure prompt, full and complete performance by Borrower of each of its covenants and
duties under each of the Loan Documents (other than the Warrant). The “Collateral” shall mean and include all right, title, interest, claims and demands of Borrower in the following personal property of Borrower, including without
limitation, all of the following: 
 (a) All goods (and embedded computer programs and supporting information included witl1in the
definition of “goods” under the Code) and equipment now owned or hereafter acquired, including, without limitation, all laboratory equipment, computer equipment, office equipment, machinery, fixtures, vehicles (including motor vehicles and
trailers), and any interest in any of the foregoing, and all attachments, accessories, accessions, replacements, substitutions, additions, and improvements to any of the foregoing, wherever located; 

(b) All inventory now owned or hereafter acquired, including, without limitation, all merchandise, raw materials, parts, supplies, packing
and shipping materials, work in process and finished products including such inventory as is temporarily out of Borrower’s custody or possession or in transit and including any returns upon any accounts or other proceeds, including insurance
proceeds, resulting from the sale or disposition of any of the foregoing and any documents of title representing any of the above, and Borrower’s books relating to any of the foregoing; 

(c) All contract rights and general intangibles (except to the extent included within the definition of Intellectual Property), now owned or
hereafter acquired, including, without limitation, goodwill, license agreements, franchise agreements, blueprints, drawings, purchase orders, customer lists, route lists, infringements, claims, software, computer programs, computer disks, computer
tapes, literature, reports, catalogs, design rights, income tax refunds, payment intangibles, commercial tort claims, payments of insurance and rights to payment of any kind; 

(d) All now existing and hereafter arising accounts, contract rights, royalties, license rights, license fees and all other forms of
obligations owing to Borrower arising out of the sale or lease of goods, the licensing of technology or the rendering of services by Borrower (subject, in each case, to the contractual rights of third parties to require funds received by Borrower to
be expended in a particular manner), whether or not earned by performance, and any and all credit insurance, guaranties, and other security therefor, as well as all merchandise returned to or reclaimed by Borrower and Borrower’s books relating
to any of the foregoing; 
 (e) All documents, cash, deposit accounts, letters of credit (whether or not the letter of credit is evidenced
by a writing), certificates of deposit, instruments, promissory 

  
 22. 

 
notes, chattel paper (whether tangible or electronic) and investment property, including, without limitation, all securities, whether certificated or uncertificated, security entitlements,
securities accounts, commodity contracts and commodity accounts, and all financial assets held in any securities account or otherwise, wherever located, now owned or hereafter acquired and Borrower’s books relating to the foregoing; and 

(f) Any and all claims, rights and interests in any of the above and all substitutions for, additions and accessions to and proceeds thereof,
including, without limitation, insurance, condemnation, requisition or similar payments and proceeds of the sale or licensing of Intellectual Property to the extent such proceeds no longer constitute Intellectual Property; but 

Notwithstanding the foregoing, the Collateral shall not include (i) more than 65% of the total combined voting power of all classes of
stock entitled to vote the shares of capital stock of any Foreign Subsidiary; or (ii) any Intellectual Property; provided, however, that the Collateral shall include all accounts receivables, accounts, and general intangibles that consist of
rights to payment and proceeds from the sale, licensing or disposition of all or any part, or rights in, the Intellectual Property (the “Rights to Payment”). Notwithstanding the foregoing, if a judicial authority (including a U.S.
Bankruptcy Court) holds that a security interest in the underlying Intellectual Property is necessary to have a security interest in the Rights to Payment, then the Collateral shall automatically, and effective as of the date hereof, include the
Intellectual Property to the extent necessary to permit perfection of Lender’s security interest in the Rights to Payment. 
 4.2
After-Acquired Property. If Borrower shall at any time acquire a commercial tort claim, as defined in the Code, Borrower shall immediately notify Collateral Agent and the Lenders in writing signed by Borrower of the brief details thereof and
grant to Collateral Agent and each Lender in such writing a security interest therein and in the proceeds thereof, all upon the terms of this Agreement, with such writing to be in form and substance satisfactory to Collateral Agent. 

4.3 Duration of Security Interest. Collateral Agent’s and each Lenders’ security interest in the Collateral shall continue
until the payment in full and the satisfaction of all Obligations and termination of each Lender’s commitment to fund the Loans, whereupon such security interest shall terminate. Collateral Agent and each Lender shall, at Borrower’s sole
cost and expense, execute such further documents and take such further actions as may be reasonably necessary to make effective the release contemplated by this Section 4.3 as to such Lender, including duly authorizing and delivering
termination statements for filing in all relevant jurisdictions under the Code. 
 4.4 Location and Possession of Collateral. The
Collateral is and shall remain in the possession of Borrower at its location listed on the cover page hereof or as set forth in the Disclosure Schedule (except in accordance with Section 7.2 and other Collateral not valued in excess of $25,000
in the aggregate). Borrower shall remain in full possession, enjoyment and control of the Collateral (except only as may be otherwise required by Collateral Agent and Lenders for perfection of their security interest therein) and so long as no Event
of Default has occurred, shall be entitled to manage, operate and use the same and each part thereof with the rights and franchises appertaining thereto; provided that the possession, enjoyment, control and

  
 23. 

 
use of the Collateral shall at all time be subject to the observance and performance of the terms of this Agreement. 

4.5 Delivery of Additional Documentation Required. Borrower shall from time to time execute and deliver to Collateral Agent and
Lenders, at the request of Collateral Agent, all financing statements and other documents Collateral Agent may reasonably request, in form satisfactory to Collateral Agent and Lenders, to perfect and continue Collateral Agent’s and
Lenders’ perfected security interests in the Collateral and in order to consummate fully all of the transactions contemplated under the Loan Documents. 

4.6 Right to Inspect. Collateral Agent and each Lender (through any of their officers, employees, or agents) shall have the right, upon
reasonable prior notice, from time to time during Borrower’s usual business hours, to inspect Borrower’s books and records and to make copies thereof and to inspect, test, and appraise the Collateral in order to verify Borrower’s
financial condition or the amount, condition of, or any other matter relating to, the Collateral up to once per fiscal year (unless an Event of Default has occurred that has not been waived in writing by Lenders). 

4.7 Protection of Intellectual Property. Borrower shall (i) protect, defend and maintain the validity and enforceability of its
material Intellectual Property, and cause each of its Subsidiaries to do the same, and promptly advise Collateral Agent in writing of material infringements, and (ii) not allow any Intellectual Property material to Borrower’s business to
be abandoned, forfeited or dedicated to the public without Collateral Agent’s written consent. 
 4.8 Lien Subordination. Lender
agrees that the Liens granted to it hereunder shall be subordinate to the Liens to secure the Indebtedness permitted under clause (d) of the definition of Permitted Indebtedness. Notwithstanding the foregoing, the Obligations hereunder shall
not be subordinate in right of payment to any other obligations to any third parties, including, without limitation, other lenders, equipment lenders or equipment lessors and Lender’s rights and remedies hereunder shall not in any way be
subordinate to the rights and remedies of any such third parties except as specifically set forth in a subordination or other agreement relating to the Indebtedness permitted under clause (d) of the definition of Permitted Indebtedness,
executed by Lenders and the lender providing the Indebtedness permitted under clause (d) of the definition of Permitted Indebtedness. So long as no Event of Default has occurred, Collateral Agent and Lenders agree to execute and deliver such
agreements and documents as may be reasonably requested by Borrower from time to time which set forth the lien subordination described in this Section 4.8 and are reasonably acceptable to Collateral Agent and Lenders. 

5. Representations and Warranties. Except as set forth in the Disclosure Schedule, Borrower represents and warrants as follows: 

5.1 Organization and Qualification. Borrower is a corporation duly organized and validly existing under the laws of its state of
incorporation and qualified and licensed to do business in, and is in good standing in, any jurisdiction in which the conduct of its business or its ownership of Property requires that it be so qualified and licensed or in which the Collateral is

  
 24. 

 
located, except for such states as to which any failure to so qualify would not, and/or would not reasonably be expected to, have a material adverse effect on Borrower. 

5.2 Authority. Borrower has all necessary power and authority to execute, deliver, and perform in accordance with the terms thereof,
the Loan Documents to which it is a party. Borrower has all requisite power and authority to own and operate its Property and to carry on its businesses as now conducted. Borrower has obtained all licenses, permits, approvals and other
authorizations necessary for the operation of its business. 
 5.3 Conflict with Other Instruments, etc. Neither the execution and
delivery of any Loan Document to which Borrower is a party nor the consummation of the transactions therein contemplated nor compliance with the terms, conditions and provisions thereof will conflict with or result in a breach of any of the terms,
conditions or provisions of the certificate of incorporation, the by-laws, or any other organizational documents of Borrower or any law or any regulation, order, writ, injunction or decree of any court or Governmental instrumentality or any material
agreement or instrument to which Borrower is a party or by which it or any of its Property is bound or to which it or any of its Property is subject, or constitute a default thereunder or result in the creation or imposition of any Lien, other than
Permitted Liens. 
 5.4 Authorization; Enforceability. The execution and delivery of this Agreement, the granting of the security
interest in the Collateral, the incurring of the Loans, the execution and delivery of the other Loan Documents to which Borrower is a party and the consummation of the transactions herein and therein contemplated have each been duly authorized by
all necessary action on the part of Borrower. No authorization, consent, approval, license or exemption of, and no registration, qualification, designation, declaration or filing with, or notice to, any Person is, was or will be necessary to
(i) the valid execution and delivery of any Loan Document to which Borrower is a party, (ii) the performance of Borrower’s obligations under any Loan Document, or (iii) the granting of the security interest in the Collateral,
except for filings in connection with the perfection of the security interest in any of the Collateral or the issuance of the Warrant. The Loan Documents have been duly executed and delivered and constitute legal, valid and binding obligations of
Borrower, enforceable in accordance with their respective terms, except as the enforceability thereof may be limited by bankruptcy, insolvency or other similar laws of general application relating to or affecting the enforcement of creditors’
rights or by general principles of equity. 
 5.5 No Prior Encumbrances. Borrower has good and marketable title to the Collateral,
free and clear of Liens except for Permitted Liens. Borrower has good title and ownership of, or is licensed under, all of Borrower’s current Intellectual Property. Borrower has not received any communications alleging that Borrower has
violated, or by conducting its business as proposed, would violate any proprietary rights of any other Person. Borrower has no knowledge of any infringement or violation by it of the intellectual property rights of any third party and has no
knowledge of any violation or infringement by a third party of any of its Intellectual Property. The Collateral and the Borrower’s Intellectual Property constitute substantially all of the assets and property of Borrower. 

5.6 Name: Location of Chief Executive Office, Principal Place of Business and Collateral. Borrower has not done business under any name
other than that specified on the 

  
 25. 

 
signature page hereof. Borrower’s jurisdiction of incorporation, chief executive office, principal place of business, and the place where Borrower maintains its records concerning the
Collateral are presently located in the state and at the address set forth on the cover page of this Agreement. The Collateral is presently located at the address set forth on the cover page hereof or as set forth in the Disclosure Schedule.
Borrower owns all Intellectual Property associated with the business of the Borrower and of its Subsidiaries, free and clear of any liens other than Permitted Liens. 

5.7 Litigation. Except as indicated in the annexed Exhibit A, there are no actions or proceedings pending by or against Borrower before
any court, arbitral tribunal, regulatory organization, administrative agency or similar body. Borrower does not have knowledge of any threatened actions or proceedings against the Borrower. 

5.8 Financial Statements. All financial statements relating to Borrower or any Affiliate that have been or may hereafter be delivered
by Borrower to Collateral Agent or a Lender present fairly in all material respects Borrower’s financial condition as of the date thereof and Borrower’s results of operations for the period then ended. 

5.9 No Material Adverse Effect. As of the date of this agreement, no event has occurred and no condition exists which could reasonably
be expected to have a material adverse effect on the financial condition, business or operations of Borrower since December 31, 2012. 

5.10 Full Disclosure. No representation, warranty or other statement made by Borrower in any Loan Document (including the Disclosure
Schedule), certificate or written statement furnished to Collateral Agent or any Lender contains any untrue statement of a material fact or omits to state a material fact necessary in order to make the statements contained in such certificates or
statements not misleading. There is no fact known to Borrower which materially adversely affects, or which could in the future be reasonably expected to materially adversely affect, its ability to perform its obligations under this Agreement. 

5.11 Solvency, Etc. Borrower is Solvent (as defined below) and, after the execution and delivery of the Loan Documents and the
consummation of the transactions contemplated thereby, Borrower will be Solvent. “Solvent” means, with respect to any Person on any date, that on such date (a) the fair value of the property of such Person is greater than the
fair value of the liabilities (including, without limitation, contingent liabilities) of such Person, (b) the present fair saleable value of the assets of such Person is not less than the amount that will be required to pay the probable
liability of such Person on its debts as they become absolute and matured, (c) such Person does not intend to, and does not believe that it will, incur debts or liabilities beyond such Person’s ability to pay as such debts and liabilities
mature and (d) such Person is not engaged in business or a transaction, and is not about to engage in business or a transaction, for which such Person’s property would constitute an unreasonably small capital. 

5.12 Subsidiaries. Borrower has no Subsidiaries, except (i) eASIC Japan Co., LTD, an entity formed pursuant to the laws of Japan,
(ii) eASIC Limited, an entity formed pursuant to the laws of Bermuda (“eAsic Bermuda”), (iii) eASIC Corporation SRL, an entity formed pursuant to the laws of Romania (“eAsic Romania”) and (iv) eASIC
(M) SDN BHD, an entity formed pursuant to the laws of Malaysia (“eAsic Malaysia”). None of the Subsidiaries 

  
 26. 

 
own any right, title or interest in and to patents, patent rights (and applications and registrations therefor and divisions, continuations, renewals, reissues, extensions and
continuations-in-part of the same), trademarks and service marks (and applications and registrations therefor and the goodwill associated therewith), inventions, copyrights (including applications and registrations therefor and like protections in
each work or authorship and derivative work thereof), mask works (and applications and registrations therefor), trade names, trade styles, software and computer programs, source code, object code, trade secrets, methods, processes, !mow how,
drawings, specifications, descriptions, or any memoranda, notes, or records with respect to any research and development, whether now owned or subsequently acquired or developed by Borrower or a Subsidiary and whether in tangible or intangible form
or contained on magnetic media readable by machine together with all such magnetic media (but not including embedded computer programs and supporting information included within the definition of “goods” under the Code). Borrower has
provided Lenders with true, correct and complete copies of the Contract Assignment and Assumption Agreement dated as of March 16, 2005 between Borrower and eASIC Bermuda, the Research and Development Agreement dated as of March 15, 2005
between eAsic Bermuda and eAsic Romania and the Research and Development Agreement between eAsic Bermuda and eAsic Malaysia (such agreements, collectively, the “R&D Agreements”), as well as of the organizational documents of
each of the Subsidiaries, and the Disclosure Schedule contains a true, correct and complete list of all such assets covered by the R&D Agreements. There are no other agreements or undertakings between Borrower or any of the Subsidiaries or among
the Subsidiaries. 
 5.13 Catastrophic Events; Labor Disputes. Neither Borrower nor its assets is or has been affected by any fire,
explosion, accident, strike, lockout or other labor dispute, drought, storm, hail, earthquake, embargo, act of God or other casualty that could reasonably be expected to have a material adverse effect on the financial condition, business or
operations of Borrower. There are no disputes presently subject to grievance procedure, arbitration or litigation under any of the collective bargaining agreements, employment contracts or employee welfare or incentive plans to which Borrower is a
party, and there are no strikes, lockouts, work stoppages or slowdowns, or, to the knowledge of Borrower, jurisdictional disputes or organizing activity occurring or threatened which could reasonably be expected to have a material adverse effect on
the financial condition, business or operations of Borrower. 
 5.14 Certain Agreements of Officers, Employees and Consultants. 

(a) No Violation. To the knowledge of Borrower, no officer, employee or consultant of Borrower is, or is now expected to be, in
violation of any term of any employment contract, proprietary information agreement, nondisclosure agreement, noncompetition agreement or any other material contract or agreement or any restrictive covenant relating to the right of any such officer,
employee or consultant to be employed by Borrower because of the nature of the business conducted or to be conducted by Borrower or relating to the use of trade secrets or proprietary information of others, and to Borrower’s knowledge, the
continued employment of Borrower’s officers, employees and consultants does not subject Borrower to any material liability for any claim or claims arising out of or in connection with any such contract, agreement, or covenant. 

  
 27. 

 (b) No Present Intention to Terminate. To the knowledge of Borrower, no officer of
Borrower, and no employee or consultant of Borrower whose termination, either individually or in the aggregate, could reasonably be expected to have a material adverse effect on the financial condition, business or operations of Borrower, has any
present intention of terminating his or her employment or consulting relationship with Borrower. 
 5.15 No Plan Assets. Borrower is
not an “employee benefit plan,” as defined in Section 3(3) of ERISA, subject to Title I of ERISA, and none of the assets of Borrower constitutes or will constitute “plan assets” of one or more such plans within the meaning
of 29 C.F.R. Section 2510.3-101. In addition, (a) Borrower is not a “governmental plan” within the meaning of Section 3(32) of ERISA and (b) transactions by or with Borrower are not subject to state statutes regulating
investment of, and fiduciary obligations with respect to, governmental plans similar to the provisions of Section 406 of ERISA or Section 4975 of the IRS Code currently in effect, which prohibit or otherwise restrict the transactions
contemplated by this Loan Agreement. 
 5.16 Blocked Person. To the best of Borrower’s knowledge, as of the date hereof and at
all times throughout the term of this Agreement, including after giving effect to any transfers of interests permitted pursuant to the Loan Documents, (a) none of the funds or other assets of Borrower or of any of its affiliates constitute (or
will constitute) property of, or are (or will be) beneficially owned, directly or indirectly, by any Blocked Person; (b) no Blocked Person has (or will have) any interest of any nature whatsoever in Borrower or in its affiliates, with the
result that the investment in the respective party (whether directly or indirectly), is prohibited by applicable law or the Loans are in violation of applicable Jaw; and (c) none of the funds of Borrower or of its affiliates have been (or will
be) derived from any unlawful activity with the result that the investment in the respective party (whether directly or indirectly), is prohibited by applicable law or the Loans are in violation of applicable law. 

5.17 Bank Holding Company. Borrower is not a “bank holding company” or a direct or indirect subsidiary of a “bank
holding company” as defined in the Bank Holding Company Act of 1956, as amended, and Regulation Y thereunder of the Board of Governors of the Federal Reserve System. 

5.18 Payment of Taxes. All federal and other material tax returns, reports and statements (including any attachments thereto or
amendments thereof) of Borrower filed or required to be filed by any of them have been timely filed (or extensions have been have been obtained and such extensions have not expired), and all taxes shown on such tax returns or otherwise due and
payable and all assessments, fees and other governmental charges upon Borrower and upon its properties, assets, income, businesses and franchises which are due and payable have been paid when due and payable, except for the payment of any such
taxes, assessments, fees and other governmental charges which are being diligently contested by Borrower in good faith by appropriate proceedings and for which adequate reserves have been made under GAAP. To the knowledge of Borrower, no tax return
of Borrower is currently under an audit or examination, and Borrower has not received written notice of any proposed audit or examination, in each case, where a material amount of tax is at issue. Borrower is not an “S corporation” within
the meaning of Section 1361(a)(l) of the Internal Revenue Code of 1986, as amended. 

  
 28. 

 6. Affirmative Covenants. Borrower, until the full and complete payment of the
Obligations, covenants and agrees that: 
 6.1 Good Standing. Borrower shall maintain its corporate existence and its good standing
in its jurisdiction of incorporation and maintain qualification in each jurisdiction in which the failure to so qualify could reasonably be expected to have a material adverse effect on the financial condition, operations or business of Borrower.
Borrower shall maintain in force all licenses, approvals and agreements, the loss of which could reasonably be expected to have a material adverse effect on its financial condition, operations or business. 

6.2 Government Compliance. Borrower shall comply with all statutes, laws, ordinances and government rules and regulations to which it
is subject, noncompliance with which could reasonably be expected to materially adversely affect the financial condition, operations or business of Borrower. 

6.3 Financial Statements, Reports, Certificates. Borrower shall deliver to Collateral Agent: (a) as soon as available, but in any
event within thirty (30) days after the end of each month, a company prepared balance sheet, income statement and cash flow statement covering Borrower’s operations during such period, certified by Borrower’s president, treasurer or
chief financial officer (each, a “Responsible Officer”); (b) as soon as available, but in any event within one hundred eighty (180) days after the end of Borrower’s fiscal year, audited financial statements of
Borrower prepared in accordance with GAAP, together with an unqualified opinion on such financial statements of a nationally recognized or other independent public accounting firm reasonably acceptable to Lenders; provided that, such audited
financial statements for the fiscal years ending 2012 and 2013 shall not be required until December 31, 2014; and (c) as soon as available, but in any event within thirty (30) days after the first to occur of (1) the end of
borrower’s fiscal year or (2) the date of Borrower’s board of directors’ adoption, Borrower’s operating budget and plan for the next fiscal year; and (d) such other financial information as any Lender may reasonably
request from time to time. From and after such time as Borrower becomes a publicly reporting company, promptly as they are available and in any event: (x) at the time of filing of Borrower’s Form 10-K with the Securities and Exchange
Commission after the end of each fiscal year of Borrower, the financial statements of Borrower filed with such Form 10-K; and (y) at tl1e time of filing of Borrower’s Form 10-Q with the Securities and Exchange Commission after the end of
each of the first three fiscal quarters of Borrower, the financial statements of Borrower filed with such Form 10-Q. In addition, Borrower shall deliver to Lenders (i) promptly upon becoming available, copies of all statements, reports and
notices sent or made available generally by Borrower to its security holders; and (ii) immediately upon receipt of notice thereof, a report of any material legal actions pending or threatened against Borrower or the commencement of any action,
proceeding or governmental investigation involving Borrower is commenced that is reasonably expected to result in damages or costs to Borrower of One Hundred Fifty Thousand Dollars ($150,000). 

6.4 Certificates of Compliance. Each time financial statements are furnished pursuant to Section 6.3 above, Borrower shall
deliver to each Lender an Officer’s Certificate signed by a Responsible Officer in the form of, and certifying to the matters set forth in Exhibit E hereto. 

  
 29. 

 6.5 Notice of Defaults. As soon as possible, and in any event within five
(5) Business Days after the discovery of a Default or an Event of Default, Borrower shall provide Collateral Agent with an Officer’s Certificate setting forth the facts relating to or giving rise to such Default or Event of Default and the
action which Borrower proposes to take with respect thereto. 
 6.6 Taxes. Borrower shall make due and timely payment or deposit of
all federal, state, and local taxes, assessments, or contributions required of it by law or imposed upon any Property belonging to it, and will execute and deliver to Collateral Agent and the Lenders, on demand, appropriate certificates attesting to
the payment or deposit thereof; and Borrower will make timely payment or deposit of all tax payments and withholding taxes required of it by applicable laws, including those laws concerning F.I.C.A., F.U.T.A., state disability, and local, state, and
federal income taxes, and will, upon request, furnish Collateral Agent and the Lenders with satisfactory proof indicating that Borrower has made such payments or deposits; provided that Borrower need not make any payment if the amount
or validity of such payment is contested in good faith by appropriate proceedings which suspend the collection thereof (provided that such proceedings do not involve any substantial danger of the sale, forfeiture or Joss of any
material item of Collateral or Collateral which in the aggregate is material to Borrower and that Borrower has adequately bonded such amounts or reserves sufficient to discharge such amounts have been provided on the books of Borrower). In addition,
Borrower shall not change its jurisdiction of residence for taxation purposes. 
 6.7 Use; Maintenance. Borrower shall keep and
maintain all items of equipment and other similar types of personal property that form any significant portion or portions of the Collateral in good operating condition and repair and shall make all necessary replacements thereof and renewals
thereto so that the value and operating efficiency thereof shall at all times be maintained and preserved. Borrower shall not permit any such material item of Collateral to become a fixture to real estate or an accession to other personal property,
without the prior written consent of Collateral Agent. Borrower shall not permit any such material item of Collateral to be operated or maintained in violation of any applicable law, statute, rule or regulation. With respect to items of leased
equipment (to the extent Collateral Agent and Lenders have any security interest in any residual Borrower’s interest in such equipment under the lease), Borrower shall keep, maintain, repair, replace and operate such leased equipment in
accordance with the terms of the applicable lease. 
 6.8 Insurance. Borrower shall keep its business and the Collateral insured for
risks and in amounts, as Collateral Agent may reasonably request. Insurance policies shall be in a form, with companies, and in amounts that are satisfactory to Collateral Agent. All property policies shall have a lender’s Joss payable
endorsement showing Collateral Agent as an additional loss payee and all liability policies shall show Collateral Agent as an additional insured and all policies shall provide that the insurer must give Collateral Agent at least twenty
(20) days notice before canceling its policy At Collateral Agent’s request, Borrower shall deliver certified copies of policies and evidence of all premium payments. Proceeds payable under any property policy shall, at Collateral
Agent’s option, be payable to Collateral Agent, for the benefit of Lenders, on account of the Obligations. Notwithstanding the foregoing, so long as no Event of Default has occurred and is continuing, Borrower shall have the option of applying
the proceeds of any property policy, toward the replacement or repair of destroyed or damaged 

  
 30. 

 
property; provided that (i) any such replaced or repaired property (a) shall be of equal or like value as the replaced or repaired Collateral and (b) shall be deemed Collateral in
which Collateral Agent and Lenders have been granted a security interest and (ii) after the occurrence and during the continuation of an Event of Default all proceeds payable under such property policy shall, at the option of Collateral Agent,
be payable to Collateral Agent, for the benefit of Lenders, on account of the Obligations. If Borrower fails to obtain insurance as required under Section 6.8 or to pay any amount or furnish any required proof of payment to third persons and
Collateral Agent, Collateral Agent may make all or part of such payment or obtain such insurance policies required in Section 6.8, and take any action under the policies Collateral Agent deems prudent. On or prior to the first Funding Date and
prior to each policy renewal, Borrower shall furnish to Collateral Agent certificates of insurance or other evidence satisfactory to Lender that insurance complying with all of the above requirements is in effect. 

6.9 Security Interest. Assuming the proper filing of one or more financing statement(s) identifying the Collateral with the proper
state and/or local authorities, the security interests in the Collateral granted to Collateral Agent and Lenders pursuant to this Agreement (i) constitute and will continue to constitute a security interest (except to the extent any Permitted
Liens may have a superior priority to Collateral Agent’s and Lenders’ Lien under this Agreement, including Indebtedness covered in Section (d)) and (ii) are and will continue to be superior and prior to the rights of all other
creditors of Borrower (except to the extent of such Permitted Liens, including Indebtedness covered in Section (d)). 
 6.10 Further
Assurances. At any time and from time to time Borrower shall execute and deliver such further instruments and take such further action as may reasonably be requested by Collateral Agent or any Lender to make effective the purposes of this
Agreement, including without limitation, the continued perfection and priority of Collateral Agent’s and Lenders’ security interest in the Collateral. 

6.11 Equity Investment. Borrower shall permit Lenders or their respective assignees, at each Lender’s sole discretion, to
collectively (based on all Loans A and B and Loans C and D hereunder) purchase up to an aggregate amount of One Million Dollars ($1,000,000) of the securities sold in Borrower’s next round of equity financing at the same price and on the same
terms as paid and received by the lead investor of the equity financing (but excluding an initial public offering, if such offering is the next round of equity financing). In the event that any Lender declines to purchase its full pro rata portion
of Borrower’s securities pursuant to this Section 6.11, the other Lender may purchase more than its pro rata portion of the securities to be offered hereunder, provided that the aggregate amount of securities purchase by Lenders
pursuant to this Section 6.11 does not exceed One Million Dollars ($1,000,000). Borrower agrees that it shall notify each Lender promptly upon the execution by Borrower of a term sheet or letter of intent setting forth the terms and
conditions of such financing and in any event within five (5) days of such execution. 
 6.12 Subsidiaries. Borrower shall, upon
Lenders’ request, cause any Subsidiary of Borrower (other than Foreign Subsidiaries) to provide Collateral Agent and Lenders with a guaranty of the Obligations and a security interest in such Subsidiary’s assets to secure such guaranty.

  
 31. 

 6.13 Bermuda Subsidiary. Upon Collateral Agent’s or a Lender’s request, Borrower
shall execute and deliver to Collateral Agent and Lenders all documents that Collateral Agent and Lenders deem necessary or advisable to file and perfect Collateral Agent’s and each Lender’s security interest in sixty-five percent
(65%) of the outstanding capital stock of eASIC Bermuda, an entity formed pursuant to the laws of Bermuda. 
 6.14 Keeping of
Books. Borrower shall keep proper books of record and account, in which full and correct entries shall be made of all financial transactions and the assets and business of Borrower and its Subsidiaries in accordance with GAAP. 

7. Negative Covenants. Borrower, until the full and complete payment of the Obligations, covenants and agrees that Borrower shall not:

 7.1 Chief Executive Office. Change its name, jurisdiction of incorporation, chief executive office, principal place of business or
any of the items set forth in Section 1 of the Disclosure Schedule without fifteen (15) days prior written notice to Collateral Agent. 

7.2 Collateral Control. Subject to its rights under Sections 4.4 and 7.4, remove any items of Collateral from Borrower’s
facility located at the address set forth on the cover page hereof or as set forth on the Disclosure Schedule (as updated from time to time by Borrower) or in the ordinary course of borrower’s business. 

7.3 Liens. Create, incur, allow or suffer any Lien on any of its property, or assign or convey any right to _receive income, including
the sale of any Accounts, or permit any of its Subsidiaries to do so, except for Permitted Liens, or permit any Collateral not to be subject to the security interest granted herein (except for Permitted Liens that are permitted by the terms of this
agreement to have priority to Collateral Agent’s and Lenders’ Lien), or enter into any agreement, document, instrument or other arrangement (except with or in favor of Collateral Agent or Lenders) with any Person which directly or
indirectly prohibits or has the effect of prohibiting Borrower or any Subsidiary from assigning, mortgaging, pledging, granting a security interest in or upon, or encumbering any of borrower’s or any Subsidiary’s Intellectual Property,
except (a) as otherwise permitted in Section 7.4 hereof and (b) as permitted in the definition of “Permitted Liens” herein. 

7.4 Other Dispositions of Collateral. Convey, sell, lease or otherwise dispose of all or any part of the Collateral to any Person
(collectively, a “Transfer”), except for: (i) Transfers of inventory in the ordinary course of business; (ii) Transfers of worn-out or obsolete equipment made in the ordinary course of business; (iii) Transfers
permitted under subclause (a) of the definition of Permitted Liens with respect to Collateral made in the ordinary course of business; (iv) non-exclusive licenses of Intellectual Property entered into in the ordinary course of business;
and (v) other Transfers made in the ordinary course of business not specifically enumerated herein not to exceed $10,000 in any fiscal year. 

7.5 Distributions. (i) Pay any dividends or make any distributions on its Equity Securities; (ii) purchase, redeem, retire,
defease or otherwise acquire for value any of its Equity Securities (other than repurchases pursuant to the terms of employee stock purchase plans, employee restricted stock agreements or similar arrangements in an aggregate amount not

  
 32. 

 
to exceed One Hundred Thousand Dollars ($100,000) in any fiscal year); (iii) return any capital to any holder of its Equity Securities as such; (iv) make any distribution of assets,
Equity Securities, obligations or securities to any holder of its Equity Securities as such; or (v) set apart any sum for any such purpose; provided, however, Borrower may pay dividends payable solely in Borrower’s common
stock and cash in lieu of fractional shares. 
 7.6 Mergers or Acquisitions. Merge or consolidate with or into any other Person or
acquire all or substantially all of the capital stock or assets of another Person unless in connection with any such merger or consolidation, all Obligations to Lenders are repaid on or before the consummation of any such transaction, and
Lender’s obligations to extend credit to Borrower hereunder are terminated. Notwithstanding the foregoing, a Subsidiary may merge or consolidate into another Subsidiary (provided such surviving Subsidiary has provided a secured guaranty of
Borrower’s Obligations hereunder) or into Borrower provided Borrower is the surviving legal entity, and as long as no Event of Default is occurring prior thereto or arises as a result therefrom. 

7.7 Change in Business or Ownership. Engage in or permit any of its Subsidiaries to engage in any business other than the businesses
currently engaged in by Borrower or reasonably related thereto or have a material change in its ownership equal to or greater than twenty-five percent (25%) (i) other than by the sale by Borrower of Borrower’s Equity Securities in a
public offering or (ii) to venture capital investors so long as Borrower identifies to Collateral Agent the venture capital investors prior to the execution of a definitive agreement relating to such change of ownership and such venture capital
investors have cleared each Lender’s “know your customer” checks. 
 7.8 Transactions With
Affiliates/Subsidiaries. (i) Enter into any contractual obligation with any Affiliate or engage in any other transaction with any Affiliate except (a) upon terms at least as favorable to Borrower as an arms-length transaction with
Persons who are not Affiliates of Borrower; and (b) equity or debt financings with Borrower’s investors, provided any such debt financings are Subordinated Debt; (ii) create a Foreign Subsidiary, or (iii) create a Subsidiary that
is not a Foreign Subsidiary, unless such Subsidiary guarantees the Obligations and grants a security interest in its assets to secure such guaranty. 

7.9 Indebtedness Payments. (i) Prepay, redeem, purchase, defease or otherwise satisfy in any manner prior to the scheduled
repayment thereof any Indebtedness for borrowed money (other than amounts due or permitted to be prepaid under this Agreement or under any revolving credit agreement constituting Permitted Indebtedness under clause (d) of the definition of
Permitted Indebtedness) or lease obligations, (ii) amend, modify or otherwise change the terms of any Indebtedness for borrowed money or lease obligations so as to accelerate the scheduled repayment thereof or (iii) repay any notes to
officers, directors or shareholders, provided that Borrower shall be permitted to convert any such notes into equity securities of the Borrower. 

7.10 Indebtedness. Create, incur, assume or permit to exist any Indebtedness except Permitted Indebtedness. 

7.11 Investments. Make any Investment except for Permitted Investments. 

  
 33. 

 7.12 Compliance. 

(a) Borrower will not, nor will it permit any Subsidiary to: (i) become an “investment company” or a company controlled by an
“investment company” under the Investment Company Act of 1940 or undertake as one of its important activities extending credit to purchase or carry margin stock, or use the proceeds of any Loan for that purpose; (ii) become a
“holding company” or a “subsidiary company” of a “holding company” or an “affiliate” of either a “holding company” or a “subsidiary company” within the meaning of the Public Utility Holding
Company Act of 1935, as amended; (iii) become subject to any other federal or state law or regulation which purports to restrict or regulate its ability to borrow money; or (iv) fail to meet the minimum funding requirements of the
Employment Retirement Income Security Act of 1974, and its regulations, as amended from time to time (“ERISA”), permit a Reportable Event or Prohibited Transaction, as defined in ERISA, to occur; (v) fail to comply with the
Federal Fair Labor Standards Act or violate any other law or regulation, if the violation could reasonably be expected to have a material adverse effect on Borrower’s business or operations or could reasonably be expected to cause a material
adverse change. 
 (b) Lenders hereby notifies Borrower that pursuant to the requirements of Anti-Terrorism Laws, and each Lender’s
policies and practices, each Lender is required to obtain, verify and record certain information and documentation that identifies Borrower and its principals, which information includes the name and address of Borrower and its principals and such
other information that will allow such Lender to identify such party in accordance with Anti-Terrorism Laws. Borrower will not, nor will Borrower permit any Subsidiary or Affiliate to, directly or indirectly, (i) enter into any documents,
instruments, agreements or contracts with any Blocked Person. Borrower shall immediately notify each Lender if Borrower has knowledge that Borrower or any Subsidiary or Affiliate is listed on the OFAC Lists or (a) is convicted on,
(b) pleads nolo contendere to, (c) is indicted on, or (d) is arraigned and held over on charges involving money laundering or predicate crimes to money laundering. Borrower will not, nor will Borrower permit any Subsidiary or
Affiliate to, directly or indirectly, (i) conduct any business or engage in any transaction or dealing with any Blocked Person, including, without limitation, the making or receiving of any contribution of funds, goods or services to or for the
benefit of any Blocked Person, (ii) deal in, or otherwise engage in any transaction relating to, any property or interests in property blocked pursuant to Executive Order No. 13224, any similar executive order or other Anti-Terrorism Law,
or (iii) engage in or conspire to engage in any transaction that evades or avoids, or has the purpose of evading or avoiding, or attempts to violate, any of the prohibitions set forth in Executive Order No. 13224 or other Anti-Terrorism
Law. 
 7.13 Maintenance of Accounts. (i) Maintain any deposit account or account holding securities owned by Borrower except
accounts with respect to which Collateral Agent and Lenders are able to take such actions as they deem necessary to obtain a perfected security interest in such accounts through one or more Account Control Agreements; or (ii) grant or allow any
other Person (other than Collateral Agent or Lenders) to perfect a security interest in, or enter into any agreements with any Persons (other than Collateral Agent or Lenders) accomplishing perfection via control as to, any of its deposit accounts
or accounts holding securities other than in favor of the lender providing Borrower with Indebtedness permitted under subsection (d) of the definition of Permitted Indebtedness. Notwithstanding the foregoing,

  
 34. 

 
Borrower and its subsidiaries may maintain one or more deposit accounts with financial institutions outside of the United States over which Collateral Agent and Lenders do not maintain Account
Control Agreements, provided, that (i) eASIC Malaysia, an entity formed pursuant to the laws of Malaysia, may maintain not more than Three Hundred Thousand Dollars (USD$300,000) in the aggregate at any time on deposit in accounts over which
Lenders do not maintain Account Control Agreements, (ii) all Subsidiaries other than eASIC Malaysia may maintain not more than Two Hundred Fifty Thousand Dollars (USD$250,000) in the aggregate at any time on deposit in accounts over which
Lenders do not maintain Account Control Agreements and (iii) Borrower shall provide Collateral Agent and each Lender with a list of all such accounts not less than once per fiscal quarter. 

7.14 Negative Pledge Regarding Intellectual Property. Create, incur, assume or suffer to exist, or permit any Subsidiary to create,
incur, assume or suffer to exist, any Lien of any kind upon any Intellectual Property or Transfer, or permit any Subsidiary to Transfer, any Intellectual Property, whether now owned or hereafter acquired, other than non-exclusive licenses of
Intellectual Property entered into in the ordinary course of business and, in the case of any foreign Subsidiary, any Transfer of Intellectual Property to the Borrower or eASIC Bermuda pursuant to any R&D Agreement. 

7.15 R&D Agreements. Cancel or terminate any R&D Agreement or consent to or accept any cancellation thereof, amend or otherwise
modify any R&D Agreement or give any consent, approval or waiver thereunder, agree in any manner to any other amendment, modification or change of any term or condition of any R&D Agreement or take any other action in connection with any
R&D Agreement that, in each case, would impair the value of the interest or rights of Borrower thereunder with respect to Intellectual Property, or permit any of its Subsidiaries to do any of the foregoing. 

7.16 Subsidiary Organizational Documents. Amend or modify the organizational documents of any of the Subsidiaries, or consent to or
accept any amendment or modification thereof, grant any waiver thereunder, or agree in any manner to any other amendment, modification or change of any term or condition of any such organizational documents or permit any of its Subsidiaries to do
any of the foregoing. 
 8. Events of Default. Any one or more of the following events shall constitute an “Event of
Default” by Borrower under this Agreement: 
 8.1 Failure to Pay. If Borrower fails to pay when due and payable or when
declared due and payable in accordance with the Loan Documents: (i) any Scheduled Payment on the relevant Payment Date or on the relevant Maturity Date, or (ii) any other portion of the Obligations within five (5) days after receipt
of written notice from a Lender that such payment is due. 
 8.2 Certain Covenant Defaults. If Borrower fails to perform any
obligation arising under Sections 6.5 or 6.8 or violates any of the covenants contained in Section 7 of this Agreement. 

  
 35. 

 8.3 Other Covenant Defaults. If Borrower fails or neglects to perform, keep, or observe
any other material term, provision, condition, covenant, or agreement contained in this Agreement (other than as set forth in Sections 8.1, 8.2 or 8.4 through 8.14), in any of the other Loan Documents and Borrower has failed to cure such
default within fifteen (15) days of the occurrence of such default. During this fifteen (15) day period, the failure to cure the default is not an Event of Default (but no Loan will be made during the cure period). 

8.4 Material Adverse Change. If there occurs a material adverse change in Borrower’s business, or if there is a material
impairment of the prospect of repayment of any portion of the Obligations owing to Lender or a material impairment of the value or priority of Collateral Agent’s and Lenders’ security interest in the Collateral. 

8.5 Investor Abandonment. If Lenders determines in their reasonable good faith judgment, that it is the clear intention of
Borrower’s investors not to continue to fund the Borrower in the amounts and within the timeframe necessary to enable Borrower to satisfy the Obligations as they become due and payable. 

8.6 Seizure of Assets, Etc. If any material portion of Borrower’s assets is attached, seized, subjected to a writ or distress
warrant, or is levied upon, or comes into the possession of any trustee, receiver or Person acting in a similar capacity and such attachment, seizure, writ or distress warrant or levy has not been removed, discharged or rescinded within ten
(10) days, or if Borrower is enjoined, restrained, or in any way prevented by court order from continuing to conduct all or any material part of its business affairs, or if a judgment or other claim becomes a lien or encumbrance upon any
material portion of Borrower’s assets, or if a notice of lien, levy, or assessment is filed of record with respect to any of Borrower’s assets by the United States Government, or any department, agency, or instrumentality thereof, or by
any state, county, municipal, or governmental agency, and the same is not paid within ten (10) days after Borrower receives notice thereof; provided that none of the foregoing shall constitute an Event of Default where such action
or event is stayed or an adequate bond has been posted pending a good faith contest by Borrower. 
 8.7 Service of Process. The
service of process upon Collateral Agent or any Lender seeking to attach by a trustee or other process any funds of the Borrower on deposit or otherwise held by such Collateral Agent or Lender, or the delivery upon Collateral Agent or any Lender of
a notice of foreclosure by any Person seeking to attach or foreclose on any funds of the Borrower on deposit or otherwise held by Collateral Agent or such Lender, or the delivery of a notice of foreclosure or exclusive control to any entity holding
or maintaining Borrower’s deposit accounts or accounts holding securities by any Person (other than Collateral Agent or a Lender) seeking to foreclose or attach any such accounts or securities. 

8.8 Default on Indebtedness. One or more defaults shall exist under any agreement with any third party or parties which consists of the
failure to pay any Indebtedness at maturity or which results in a right by such third party or parties, whether or not exercised, to accelerate the maturity of Indebtedness in an aggregate amount in excess of Two Hundred Fifty Thousand Dollars
($250,000) or a default shall exist under any financing agreement with a Lender or any Lender’s Affiliates, provided, however, that the Event of Default under this Section 8.8 caused by the occurrence of a default under such other
agreement shall be cured or 

  
 36. 

 
waived for purposes of this Agreement upon Lender receiving written notice from the party asserting such default of the cure or waiver of the default under such other agreement, if at the time of
such cure or waiver under such other agreement (x) Lender has not declared an Event of Default under this Agreement and/or exercised any rights with respect thereto; (y) any such cure or waiver does not result in an Event of Default under
any other provision of this Agreement or any Loan Document; and (z) in connection with any such cure or waiver under such other agreement, the terms of any agreement with such third party are not modified or amended in any manner which could,
in the good faith judgment of Lenders, be materially less advantageous to Borrower. 
 8.9 Judgments. If a judgment or judgments for
the payment of money in an amount, individually or in the aggregate, of at least Two Hundred Fifty Thousand Dollars ($250,000), which judgment or judgments are not covered by insurance, shall be rendered against Borrower and shall remain unsatisfied
and unstayed for a period of twenty (20) days or more. 
 8.10 Misrepresentations. If any material misrepresentation or material
misstatement exists now or hereafter in any warranty, representation, statement, certification, or report made to Collateral Agent or any Lender by Borrower or any officer, employee, agent, or director of Borrower, without regard to any materiality
qualifiers contained therein. 
 8.11 Breach of Warrant. If Borrower shall breach any material term of any warrant. 

8.12 Unenforceable Loan Document. If any Loan Document shall in any material respect cease to be, or Borrower shall assert that any
Loan Document is not, a legal, valid and binding obligation of Borrower enforceable in accordance with its terms. 
 8.13 Involuntary
Insolvency Proceeding. If a proceeding shall have been instituted in a court having jurisdiction in the premises seeking a decree or order for relief in respect of Borrower in an involuntary case under any applicable bankruptcy, insolvency or
other similar law now or hereafter in effect, or for the appointment of a receiver, liquidator, administrator, assignee, custodian, trustee (or similar official) of Borrower or for any substantial part of its Property, or for the winding-up or
liquidation of its affairs, and such proceeding shall remain undismissed or unstayed and in effect for a period of forty-five (45) consecutive days or such court shall enter a decree or order granting the relief sought in such proceeding. 

8.14 Voluntary Insolvency Proceeding. If Borrower shall commence a voluntary case under any applicable bankruptcy, insolvency or other
similar law now or hereafter in effect, shall consent to the entry of an order for relief in an involuntary case under any such law, or shall consent to the appointment of or taking possession by a receiver, liquidator, assignee, trustee, custodian
(or other similar official) of Borrower or for any substantial part of its Property, or shall make a general assignment for the benefit of creditors, or shall fail generally to pay its debts as they become due, or shall take any corporate action in
furtherance of any of the foregoing. 
 9. Lender’s Rights and Remedies. 

  
 37. 

 9.1 Rights and Remedies. Upon the occurrence of any Default or Event of Default, no Lender
shall have any further obligation to advance money or extend credit to or for the benefit of Borrower. In addition, upon the occurrence of an Event of Default, Collateral Agent and each Lender shall have the rights, options, duties and remedies of a
secured party as permitted by law and, in addition to and without limitation of the foregoing, Collateral Agent and each Lender may, at its election, without notice of election and without demand, do any one or more of the following, all of which
are authorized by Borrower: 
 (a) Acceleration of Obligations. Declare all Obligations, whether evidenced by this Agreement, by any
of the other Loan Documents, or otherwise, including (i) any accrued and unpaid interest, (ii) the amounts which would have otherwise come due under Section 2.3(b)(ii) if the Loans had been voluntarily prepaid, (iii) the unpaid
principal balance of the Loans and (iv) all other sums, if any, that shall have become due and payable hereunder, immediately due and payable (provided that upon the occurrence of an Event of Default described in Sections 8.12,
8.13 or 8.14 all Obligations shall become immediately due and payable without any action by Lender); 
 (b) Protection of
Collateral. Make such payments and do such acts as Collateral Agent considers necessary or reasonable to protect Collateral Agent’s and Lenders’ security interest in the Collateral. Borrower agrees to assemble the Collateral if
Collateral Agent so requires and to make the Collateral available to Collateral Agent as Collateral Agent may designate. Borrower authorizes Collateral Agent, each Lender and their designees and agents to enter the premises where the Collateral is
located, to take and maintain possession of the Collateral, or any part of it, and to pay, purchase, contest, or compromise any Lien which in Collateral Agent’s determination appears or is claimed to be prior or superior to its security
interest and to pay all expenses incurred in connection therewith. With respect to any of Borrower’s owned premises, Borrower hereby grants Collateral Agent and each Lender a license to enter into possession of such premises and to occupy the
same, without charge, for up to one hundred twenty (120) days in order to exercise any of Collateral Agent’s and each Lender’s rights or remedies provided herein, at law, in equity, or otherwise; 

(c) Preparation of Collateral for Sale. Ship, reclaim, recover, store, finish, maintain, repair, prepare for sale, advertise for sale,
and sell (in the manner provided for herein) the Collateral. Collateral Agent, each Lender and their agents and any purchasers at or after foreclosure are hereby granted a non-exclusive, irrevocable, perpetual, fully paid, royalty-free license or
other right, solely pursuant to the provisions of this Section 9.1, to use, without charge, Borrower’s Intellectual Property, including without limitation, labels, patents, copyrights, rights of use of any name, trade secrets, trade
names, trademarks, service marks, and advertising matter, or any Property of a similar nature, now or at any time hereafter owned or acquired by Borrower or in which Borrower now or at any time hereafter has any rights; provided that
such license shall only be exercisable in connection with the disposition of Collateral upon Collateral Agent’s or a Lender’s exercise of its remedies hereunder; 

(d) Sale of Collateral. Sell the Collateral at either a public or private sale, or both, by way of one or more contracts or
transactions, for cash or on terms, in such manner and at such places (including Borrower’s premises) as Collateral Agent determines are commercially reasonable; and 

  
 38. 

 (e) Purchase of Collateral. Credit bid and purchase all or any portion of the Collateral
at any public sale. 
 Any deficiency that exists after disposition of the Collateral as provided above will be paid immediately by Borrower. 

9.2 Set Off Right. Lenders may set off and apply to the Obligations any and all indebtedness at any time owing to or for the credit or
the account of Borrower or any other assets of Borrower in Collateral Agent’s or a Lender’s possession or control. 
 9.3
Effect of Sale. Upon the occurrence of an Event of Default, to the extent permitted by law, Borrower covenants that it will not at any time insist upon or plead, or in any manner whatsoever claim or take any benefit or advantage of, any stay
or extension law now or at any time hereafter in force, nor claim, take nor insist upon any benefit or advantage of or from any law now or hereafter in force providing for the valuation or appraisement of the Collateral or any part thereof prior to
any sale or sales thereof to be made pursuant to any provision herein contained, or to the decree, judgment or order of any court of competent jurisdiction; nor, after such sale or sales, claim or exercise any right under any statute now or
hereafter made or enacted by any state or otherwise to redeem the property so sold or any part thereof, and, to the full extent legally permitted, except as to rights expressly provided herein, hereby expressly waives for itself and on behalf of
each and every Person, except decree or judgment creditors of Borrower, acquiring any interest in or title to the Collateral or any part thereof subsequent to the date of this Agreement, all benefit and advantage of any such law or laws, and
covenants that will not invoke or utilize any such law or laws or otherwise hinder, delay or impede the execution of any power herein granted and delegated to Collateral Agent or a Lender, but will suffer and permit the execution of every such power
as though no such power, law or laws had been made or enacted. Any sale, whether under any power of sale hereby given or by virtue of judicial proceedings, shall operate to divest all right, title, interest, claim and demand whatsoever, either at
law or in equity, of Borrower in and to the Property sold, and shall be a perpetual bar, both at law and in equity, against Borrower, its successors and assigns, and against any and all Persons claiming the Property sold or any part thereof under,
by or through Borrower, its successors or assigns. 
 9.4 Power of Attorney in Respect of the Collateral. Borrower does hereby
irrevocably appoint Collateral Agent (which appointment is coupled with an interest), the true and lawful attorney in fact of Borrower with full power of substitution, for it and in its name to file any notices of security interests, financing
statements and continuations and amendments thereof pursuant to the Code or federal law, as may be necessary to perfect, or to continue the perfection of Collateral Agent’s and Lenders’ security interests in the Collateral. Borrower does
hereby irrevocably appoint Collateral Agent (which appointment is coupled with an interest) on the occurrence of an Event of Default, the true and lawful attorney in fact of Borrower with full power of substitution, for it and in its name:
(a) to ask, demand, collect, receive, receipt for, sue for, compound and give acquittance for any and all rents, issues, profits, avails, distributions, income, payment draws and other sums in which a security interest is granted under
Section 4 with full power to settle, adjust or compromise any claim thereunder as fully as if Collateral Agent were Borrower itself; (b) to receive payment of and to endorse the name of Borrower to any items of Collateral (including
checks, drafts and other orders for the payment of money) that 

  
 39. 

 
come into Collateral Agent’s or a Lender’s possession or under Collateral Agent’s or a Lender’s control; (c) to make all demands, consents and waivers, or take any other
action with respect to, the Collateral; (d) in Collateral Agent’s discretion to file any claim or take any other action or proceedings, either in its own name or in the name of Borrower or otherwise, which Collateral Agent may reasonably
deem necessary or appropriate to protect and preserve the right, title and interest of Collateral Agent and Lenders in and to the Collateral; (e) endorse Borrower’s name on any checks or other forms of payment or security; (f) sign
Borrower’s name on any invoice or bill of lading for any account or drafts against account debtors; (g) make, settle, and adjust all claims under Borrower’s insurance policies; (h) settle and adjust disputes and claims about the
accounts directly with account debtors, for amounts and on terms Collateral Agent determines reasonable; (i) transfer the Collateral into the name of Collateral Agent, a Lender or a third party as the Code permits; and G) to otherwise act with
respect thereto as though Collateral Agent were the outright owner of the Collateral. 
 9.5 Lenders’ Expenses. If Borrower
fails to pay any amounts or furnish any required proof of payment due to third persons or entities, as required under the terms of this Agreement, then Collateral Agent may do any or all of the following: (a) make payment of the same or any
part thereof; or (b) obtain and maintain insurance policies of the type discussed in Section 6.8 of this Agreement, and take any action with respect to such policies as Collateral Agent deems prudent. Any amounts paid or deposited
by Collateral Agent shall constitute Lenders’ Expenses, shall be immediately due and payable, shall bear interest at the Default Rate and shall be secured by the Collateral. Any payments made by Collateral Agent shall not constitute an
agreement by Collateral Agent to make similar payments in the future or a waiver by Collateral Agent or any Lender of any Event of Default under this Agreement. Borrower shall pay all reasonable fees and expenses, including without limitation,
Lenders’ Expenses, incurred by Collateral Agent or any Lender in the enforcement or attempt to enforce any of the Obligations hereunder not performed when due. 

9.6 Remedies Cumulative. Collateral Agent’s and each Lender’s rights and remedies under this Agreement, the Loan Documents,
and all other agreements shall be cumulative. Collateral Agent and each Lender shall have all other rights and remedies not inconsistent herewith as provided under the Code, by law, or in equity. No exercise by Collateral Agent or any Lender of one
right or remedy shall be deemed an election, and no waiver by Collateral Agent or any Lender of any Event of Default on Borrower’s part shall be deemed a continuing waiver. No delay by Collateral Agent or any Lender shall constitute a waiver,
election, or acquiescence by it. 
 9.7 Application of Collateral Proceeds. The proceeds and/or avails of the Collateral, or any part
thereof, and the proceeds and the avails of any remedy hereunder (as well as any other amounts of any kind held by Collateral Agent or any Lender, at the time of or received by Collateral Agent or any Lender after the occurrence of an Event of
Default hereunder) shall be paid to and applied as follows: 
 (a) First, to the payment of out-of-pocket costs and expenses,
including all amounts expended to preserve the value of the Collateral, of foreclosure or suit, if any, and of such sale and the exercise of any other rights or remedies, and of all proper fees, expenses,

  
 40. 

 
liability and advances, including reasonable legal expenses and attorneys’ fees, incurred or made hereunder by Collateral Agent and Lenders, including, without limitation, Lenders’
Expenses; 
 (b) Second, to the payment to Lenders of the amount then owing or unpaid on the Loans for any accrued and unpaid
interest, the amounts which would have otherwise come due under Section 2.3(b)(ii), if the Loans had been voluntarily prepaid, the principal balance of the Loans, and all other Obligations with respect to the Loans (provided,
however, if such proceeds shall be insufficient to pay in full the whole amount so due, owing or unpaid upon the Loans, then to the unpaid interest thereon, then to the amounts which would have otherwise come due under
Section 2.3(b)(ii), if the Loans had been voluntarily prepaid, then to the principal balance of the Loans, and then to the payment of other amounts then payable to Lender under any of the Loan Documents); and 

(c) Third, to the payment of the surplus, if any, to Borrower, its successors and assigns, or to the Person lawfully entitled to
receive the same. 
 9.8 Reinstatement of Rights. If Collateral Agent or any Lender shall have proceeded to enforce any right under
this Agreement or any other Loan Document by foreclosure, sale, entry or otherwise, and such proceedings shall have been discontinued or abandoned for any reason or shall have been determined adversely, then and in every such case (unless otherwise
ordered by a court of competent jurisdiction), Collateral Agent and Lenders shall be restored to their former position and rights hereunder with respect to the Property subject to the security interest created under this Agreement. 

10. Waivers; Indemnification. 

10.1 Demand; Protest. Borrower waives demand, protest, notice of protest, notice of default or dishonor, notice of payment and
nonpayment, notice of any default, nonpayment at maturity, release, compromise, settlement, extension, or renewal of accounts, documents, instruments, chattel paper, and guarantees at any time held by Collateral Agent or any Lender on which Borrower
may in any way be liable. 
 10.2 Lender’s Liability for Collateral. So long as Collateral Agent and each Lender complies with
its obligations, if any, under the Code, neither Collateral Agent nor any Lender shall in any way or manner be liable or responsible for: (a) the safekeeping of the Collateral; (b) any loss or damage thereto occurring or arising in any
manner or fashion from any cause other than Collateral Agent’s or any Lender’s gross negligence or willful misconduct; (c) any diminution in the value thereof; or (d) any act or default of any carrier, warehouseman, bailee,
forwarding agency, or other Person whomsoever. All risk of loss, damage or destruction of the Collateral shall be borne by Borrower. 
 10.3
Indemnification and Waiver. Whether or not the transactions contemplated hereby shall be consummated; 
 (a) General
Indemnity. Borrower agrees upon demand to pay or reimburse Collateral Agent and each Lender for all liabilities, obligations and out-of-pocket expenses, including, without limitation, Lenders’ Expenses and reasonable fees and expenses of
counsel for Collateral Agent and each Lender from time to time arising in connection with the 

  
 41. 

 
enforcement or collection of sums due under the Loan Documents, and in connection with any amendment or modification of the Loan Documents or any “work-out” in connection with the Loan
Documents. Borrower shall indemnify, reimburse and hold Collateral Agent, each Lender, and each of their respective successors, assigns, agents, attorneys, officers, directors, equity holders, servants, agents and employees (each an
“Indemnified Person”) harmless from and against all liabilities, losses, damages, actions, suits, demands, claims of any kind and nature (including claims relating to environmental discharge, cleanup or compliance), all costs and
expenses whatsoever to the extent they may be incurred or suffered by such Indemnified Person in connection therewith (including reasonable attorneys’ fees and expenses), fines, penalties (and other charges of any applicable Governmental
Authority), licensing fees relating to any item of Collateral, damage to or loss of use of property (including consequential or special damages to third parties or damages to Borrower’s property), or bodily injury to or death of any person
(including any agent or employee of Borrower) (each, a “Claim”), directly or indirectly relating to or arising out of the use of the proceeds of the Loans or otherwise, the falsity of any representation or warranty of Borrower or
Borrower’s failure to comply with the terms of this Agreement or any other Loan Document, other than Claims caused by any Indemnified Person’s gross negligence or willful misconduct. The foregoing indemnity shall cover, without limitation,
(i) any Claim in connection with a design or other defect (latent or patent) in any item of equipment or product included in the Collateral, (ii) any Claim for infringement of any patent, copyright, trademark or other intellectual property
right, (iii) any Claim resulting from the presence on or under or the escape, seepage, leakage, spillage, discharge, emission or release of any Hazardous Materials on the premises owned, occupied or leased by Borrower, including any Claims
asserted or arising under any Environmental Law, (iv) any Claim for negligence or strict or absolute liability in tort, or (v) any Claim asserted as to or arising under any Account Control Agreement or any Landlord Agreement;
provided, however, Borrower shall not indemnify Collateral Agent, and Indemnified Person, or any Lender for any liability incurred by Collateral Agent, any Indemnified Person, or any Lender as a direct and sole result of Collateral
Agent or any Lender’s gross negligence or willful misconduct. Such indemnities shall continue in full force and effect, notwithstanding the expiration or termination of this Agreement. Upon Collateral Agent’s or a Lender’s written
demand, Borrower shall assume and diligently conduct, at its sole cost and expense, the entire defense of Collateral Agent and Lenders, each of its members, partners, and each of their respective, agents, employees, directors, officers, equity
holders, successors and assigns against any indemnified Claim described in this Section 10.3(a). Borrower shall not settle or compromise any Claim against or involving Collateral Agent or any Lender without first obtaining Collateral
Agent’s or such Lender’s written consent thereto, which consent shall not be unreasonably withheld. 
 (b) Waiver.
NOTWITHSTANDING ANYTHING TO THE CONTRARY CONTAINED IN THIS AGREEMENT OR ANYWHERE ELSE, BORROWER AGREES THAT IT SHALL NOT SEEK FROM COLLATERAL AGENT OR ANY LENDER UNDER ANY THEORY OF LIABILITY (INCLUDING ANY THEORY IN TORTS), ANY SPECIAL, INDIRECT,
CONSEQUENTIAL OR PUNITIVE DAMAGES. 
 (c) Survival; Defense. The obligations in this Section 10.3 shall survive payment of all
other Obligations pursuant to Section 12.8. At the election of any Indemnified Person, Borrower shall defend such Indemnified Person using legal counsel satisfactory to such Indemnified Person in such Person’s reasonable discretion,
at the sole cost and expense of 

  
 42. 

 
Borrower. All amounts owing under this Section 10.3 shall be paid within thirty (30) days after written demand. 

11. Notices. Unless otherwise provided in this Agreement, all notices or demands by any party relating to this Agreement or any other
agreement entered into in connection herewith shall be in writing and (except for financial statements and other informational documents which may be sent by first-class mail, postage prepaid) shall be personally delivered or sent by certified mail,
postage prepaid, return receipt requested, by prepaid nationally recognized overnight courier, or by prepaid facsimile to Borrower or to Lender, as the case may be, at their respective addresses set forth below: 

 

			
	If to Borrower:	  	eASIC Corporation
		  	2585 Augustine Drive, Suite 100
		  	Santa Clara, CA 95054
		  	Attention: Chief Financial Officer and
		  	Larry Borras, V.P. of Finance
		  	Fax: (408)-855-9201
		  	Ph: (408)-855-3039
		
	with a copy to:	  	Cooley LLP
		  	3175 Hanover Street
		  	Palo Alto, CA
		  	Attention: James Strawbridge
		  	Fax: (650) 849-7400
		  	Ph: (650) 849-7026
		
	If to Horizon or Horizon	  	Horizon Technology Finance Corporation
	Trust:	  	312 Farmington Avenue
		  	Farmington, CT 06032
		  	Attention: Legal Department
		  	Fax: (860) 676-8655
		  	Ph: (860) 676-8654
		
	If to DBD or to FCO:	  	DBD Credit Funding LLC
		  	c/o Fortress Investment Group
		  	1345 Avenue of the Americas, 46th Floor
		  	New York, NY 10105
		  	Attn: General Counsel- Credit Funds
		  	Fax: 917-639-9672
		
	With a copy to:	  	Baker Botts L.L.P.
		  	30 Rockefeller Plaza
		  	New York, NY 10112
		  	Attn: Martin Toulouse
		  	Fax: (212) 408-2501
		  	Ph: (212) 408-2500

  
 43. 

 The parties hereto may change the address at which they are to receive notices hereunder, by
notice in writing in the foregoing manner given to the other. 
 12. General Provisions. 

12.1 Successors and Assigns. This Agreement and the Loan Documents shall bind and inure to the benefit of the respective successors and
permitted assigns of each of the parties; provided, however, neither this Agreement nor any rights hereunder may be assigned by Borrower without each Lender’s prior written consent, which consent may be granted or withheld in each
Lender’s sole discretion. Each Lender shall have the right without the consent of or notice to Borrower to sell, transfer, assign, negotiate, or grant participations in all or any part of, or any interest in such Lender’s rights and
benefits hereunder. Collateral Agent and each Lender may disclose the Loan Documents and any other financial or other information relating to Borrower or any Subsidiary to any potential participant or assignee of any of the Loans, provided
that such participant or assignee agrees to protect the confidentiality of such documents and information using the same measures that it uses to protect its own confidential information. 

12.2 Time of Essence. Time is of the essence for the performance of all obligations set forth in this Agreement. 

12.3 Severability of Provisions. Each provision of this Agreement shall be severable from every other provision of this Agreement for
the purpose of determining the legal enforceability of any specific provision. 
 12.4 Entire Agreement; Construction; Amendments and
Waivers. 
 (a) Entire Agreement. This Agreement and each of the other Loan Documents dated as of the date hereof, taken
together, constitute and contain the entire agreement among Borrower, Collateral Agent and Lenders and supersede any and all prior agreements, negotiations, correspondence, understandings and communications between the parties, whether written or
oral, respecting the subject matter hereof. Borrower acknowledges that it is not relying on any representation or agreement made by Collateral Agent, any Lender or any employee, attorney or agent thereof, other than the specific agreements set forth
in this Agreement and the Loan Documents. 
 (b) Construction. This Agreement is the result of negotiations between and has been
reviewed by each of Borrower, Collateral Agent and each Lender as of the date hereof and their respective counsel; accordingly, this Agreement shall be deemed to be the product of the parties hereto, and no ambiguity shall be construed in favor of
or against Borrower, Collateral Agent or any Lender. Borrower, Collateral Agent and Lenders agree that they intend the literal words of this Agreement and the other Loan Documents and that no parol evidence shall be necessary or appropriate to
establish Borrower’s, Collateral Agent’s or any Lender’s actual intentions. 
 (c) Amendments and Waivers. Any and
all discharges or waivers of, or consents to any departures from any provision of this Agreement or of any of the other Loan Documents shall not be effective without the written consent of each Lender. Any and all

  
 44. 

 
amendments and modifications of this Agreement or of any of the other Loan Documents shall not be effective without the written consent of Collateral Agent, each Lender and Borrower. Any waiver
or consent with respect to any provision of the Loan Documents shall be effective only in the specific instance and for the specific purpose for which it was given. No notice to or demand on Borrower in any case shall entitle Borrower to any other
or further notice or demand in similar or other circumstances. Any amendment, modification, waiver or consent affected in accordance with this Section 12.4 shall be binding upon Collateral Agent, Lenders and on Borrower. 

12.5 Reliance by Lender. All covenants, agreements, representations and warranties made herein by Borrower shall be deemed to be
material to and to have been relied upon by Collateral Agent and Lenders, notwithstanding any investigation by Collateral Agent or any Lender. 

12.6 No Set-Offs by Borrower. All sums payable by Borrower pursuant to this Agreement or any of the other Loan Documents shall be
payable without notice or demand and shall be payable in United States Dollars without set-off or reduction of any manner whatsoever. 

12.7 Counterparts. This Agreement may be executed in any number of counterparts and by different parties on separate counterparts
(including signatures delivered by facsimile or other electronic means), each of which, when executed and delivered, shall be deemed to be an original, and all of which, when taken together, shall constitute but one and the same Agreement. 

12.8 Survival. All covenants, representations and warranties made in this Agreement shall continue in full force and effect so long as
any Obligations or commitment to fund remain outstanding. The obligations of Borrower to indemnify Collateral Agent and Lenders with respect to the expenses, damages, losses, costs and liabilities described in Section 10.3 shall survive
until all applicable statute of limitations periods with respect to actions that may be brought against Collateral Agent or any Lender have run. 

13. Relationship of Parties. Borrower and Lenders acknowledge, understand and agree that the relationship between Borrower, on the one
hand, and Lenders, on the other, is, and at all time shall remain solely that of a borrower and lender. No Lender shall, under any circumstances, be construed to be a partner or a joint venturer of Borrower or any of its Affiliates; nor shall any
Lender, under any circumstances, be deemed to be in a relationship of confidence or trust or a fiduciary relationship with Borrower or any of its Affiliates, or to owe any fiduciary duty or any other duty to Borrower or any of its Affiliates.
Neither Collateral Agent nor any Lender undertakes or assumes any responsibility or duty to Borrower or any of its Affiliates to select, review, inspect, supervise, pass judgment upon or otherwise inform Borrower or any of its Affiliates of any
matter in connection with its or their Property, any Collateral held by Collateral Agent or any Lender or the operations of Borrower or any of its Affiliates. Borrower and each of its Affiliates shall rely entirely on their own judgment with respect
to such matters, and any review, inspection, supervision, exercise of judgment or supply of information undertaken or assumed by Collateral Agent or any Lender in connection with such matters is 

  
 45. 

 
solely for the protection of Collateral Agent and Lenders and neither Borrower nor any Affiliate is entitled to rely thereon. 

14. Confidentiality. All information (other than periodic reports filed by Borrower with the Securities and Exchange Commission)
disclosed by Borrower to Collateral Agent or any Lender in writing or through inspection pursuant to this Agreement that is marked confidential shall be considered confidential. Collateral Agent and each Lender agrees to use the same degree of care
to safeguard and prevent disclosure of such confidential information as Collateral Agent and such Lender uses with its own confidential information, but in any event no less than a reasonable degree of care. Neither Collateral Agent nor any Lender
shall disclose such information to any third party (other than to (a) Collateral Agent’s or any Lender’s members, partners, attorneys, governmental regulators, or auditors, (h) to Collateral Agent’s or a Lender’s
subsidiaries and affiliates and prospective transferees and purchasers of the Loans, (c) on a confidential basis, to any rating agency or (d) to prospective transferees and purchasers of the Loans or any actual or prospective party (or its
Affiliates) to any swap, derivative or other transaction under which payments are to be made by reference to the Obligations, all subject to the same confidentiality obligation set forth herein or as required by law, regulation, subpoena or other
order to be disclosed) and shall use such information only for purposes of evaluation of its investment in Borrower and the exercise of Collateral Agent’s or any Lender’s rights and the enforcement of its remedies under this Agreement and
the other Loan Documents. The obligations of confidentiality shall not apply to any information that (a) was known to the public prior to disclosure by Borrower under this Agreement, (b) becomes known to the public through no fault of
Collateral Agent or any Lender, (c) is disclosed to Collateral Agent or any Lender by a third party having a legal right to make such disclosure, or (d) is independently developed by Collateral Agent or any Lender. Notwithstanding the
foregoing, Collateral Agent’s and Lenders’ agreement of confidentiality shall not apply if Collateral Agent or any Lender has acquired indefeasible title to any Collateral or in connection with any enforcement or exercise of Collateral
Agent’s or a Lender’s rights and remedies under this Agreement following an Event of Default, including the enforcement of Lender’s security interest in the Collateral. 

15. CHOICE OF LAW AND VENUE; JURY TRIAL WAIVER. THIS AGREEMENT SHALL BE GOVERNED BY, AND CONSTRUED AND ENFORCED IN ACCORDANCE WITH, THE
INTERNAL LAWS OF THE STATE OF NEW YORK, WITHOUT REGARD TO PRINCIPLES OF CONFLICTS OF LAWS. EACH OF BORROWER, COLLATERAL AGENT AND LENDERS HEREBY SUBMITS TO THE NON-EXCLUSIVE JURISDICTION OF THE STATE AND FEDERAL COURTS LOCATED IN THE STATE OF NEW
YORK. BORROWER, COLLATERAL AGENT AND LENDERS HEREBY WAIVE THEIR RESPECTIVE RIGHTS TO A JURY TRIAL OF ANY CLAIM OR CAUSE OF ACTION BASED UPON OR ARISING OUT OF ANY OF THE LOAN DOCUMENTS OR ANY OF THE TRANSACTIONS CONTEMPLATED THEREIN, INCLUDING
CONTRACT CLAIMS, TORT CLAIMS, BREACH OF DUTY CLAIMS, AND ALL OTHER COMMON LAW OR STATUTORY CLAIMS. 
 [Remainder of page intentionally left
blank.] 

  
 46. 

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

			
	 BORROWER:
 eASIC
CORPORATION

		
	By:	 	 /s/ Richard Deranleau

	Name:	 	 Richard Deranleau

	Title:	 	 VP Finance & CFO

  

									
	LENDERS:	  		  		  	
			
	HORIZON TECHNOLOGY FINANCE CORPORATION, as Lender and Collateral Agent	  		  	 DBD CREDIT FUNDING LLC

					
	By:	  	 /s/ Robert D. Pomeroy, Jr.
	  		  	By:	  	 /s/ Constantine M. Dakolias

	Name: Robert D. Pomeroy, Jr.	  		  	Name: Constantine M. Dakolias
	Title: Chief Executive Officer	  		  	Title: President
			
	 HORIZON FUNDING TRUST 2013-1
 By:
Horizon Technology Finance Corporation, its agent
	  		  	 FORTRESS CREDIT OPPORTUNITIES I LP

By: Fortress Credit Opportunities I GP LLC, its general partner

					
	By:	  	 /s/ Robert D. Pomeroy, Jr.
	  		  	By:	  	 /s/ Constantine M. Dakolias

	Name: Robert D. Pomeroy, Jr.	  		  	Name: Constantine M. Dakolias
	Title: Chief Executive Officer	  		  	Title: President

 [SIGNATURE PAGE TO VENTURE LOAN AND SECURITY AGREEMENT] 

 LIST OF EXHIBITS AND SCHEDULES 
  

			
	Exhibit A	  	Disclosure Schedule
	Exhibit B	  	Funding Certificate
	Exhibit C	  	Form of Note Loans A and B
	Exhibit D	  	Form of Note Loans C and D
	Exhibit E	  	Form of Legal Opinion
	Exhibit F	  	Form of Officer’s Certificate

 EXHIBIT A 

DISCLOSURE SCHEDULE 
 Borrower hereby certifies
the following information to Lenders: 
 Section 1. Information For UCC Financing Statements and Searches and Deposit Accounts and Accounts Holding
Securities. 
 (a) The exact corporate name of Borrower as it appears in its Certificate of Incorporation, as amended to date is: eASIC
CORPORATION. 
 (b) Borrower’s state of incorporation is: Delaware. 

(c) The organizational ID number of Borrower from its jurisdiction of incorporation is:
            . 
 (d) Borrower’s taxpayer identification number is:
                            . 

(e) The following is a list of all corporate names, dba or trade names used by Borrower in the past five years: None. 

(f) The following is a list of all Subsidiaries of Borrower: 
  

	 	•	 	eASIC Japan Co. Ltd. 

  

	 	•	 	eASIC Bermuda Limited 

  

	 	•	 	eASIC Corporation SRL 

  

	 	•	 	eASIC(M) SDN. BHD. 

 (g) The address of Borrower’s headquarters and chief executive
office is: 
     eASIC Corporation 

    2585 Augustine Drive, Suite 100 

    Santa Clara, CA 95054 

(h) The following is a list of all States where Borrower’s headquarters and chief executive office has been located in the past five
years: California. 
 (i) The following is a list of all States where Borrower’s property and assets have been located in the past
five years: California. 
 (j) The following is a list of all of Borrower’s accounts (bank name, address and account names and
numbers): 

							
	 Depository Bank
	  	 Bank Address
	  	 Type of Account
	  	 Acct. No.

				
	Silicon Valley Bank	  		  	Checking	  	
				
	Silicon Valley Bank	  		  	Collateral	  	
				
	Foreign Accounts	  		  		  	
				
	 Owner and
 Depository Bank
	  		  		  	

 Account Owner: eASIC Corporation SRL 

 

							
				
	Banca Romana de Dezvoltare, Groupe Societe Generale	  		  	Current Account	  	
				
	Banca Romana de Dezvoltare, Groupe Societe Generale	  		  	Current Account	  	
				
	Banca Romana de Dezvoltare, Groupe Societe Generale	  		  	Saving Deposit	  	
				
	Banca Romana de Dezvoltare, Groupe Societe Generale	  		  	Saving Deposit	  	

 Account Owner: eASIC Japan Co., Ltd. 

 

							
	Sumitomo Mitsui Banking Corporation	  		  	Savings	  	
				
	Bank of Tokyo-Mitsubishi UFJ	  		  	Savings	  	

 Account Owner: eASIC (M) SDN, BHD. 

 

							
	HSBC Bank Malaysia Berhad	  		  	Checking	  	

 (k) The following is a list of all of Borrower’s accounts holding securities (broker/bank name, address
and account names and numbers): None. 
 Permitted Indebtedness 

Silicon Valley Bank: Revolving loan facility up to $8,000,000, which will remain outstanding. 

Permitted Liens 
 Silicon Valley Bank –
Blanket lien, excluding intellectual property. Negative pledge on intellectual property. 
 Collateral (Section 4.4) (continued on next page)

  

									
	 Name
	  	 Mailing Address
	  	 City
	  	 State/Country
	  	 Nature of

Possession

	 Amkor Technology

EASIC (M) SDN.BHD,
 UPS (Suzhou) Limited

KESM TEST
	  		  	Santa Clara
Penang
Suzhou
Selangor	  	CA
 Malaysia
 China

Malaysia
	  	WIP and FG Inventory
 FG Inventory

FG Inventory
 WIP and FG Inventory

	a.	Bermuda Subsidiary: 73 Front Street, 4th Floor, Hamilton HM 12 Bermuda; 

  

	b.	Japanese Subsidiary: 3-17-6 Shinyokohama, Yokohama-City, Kanagawa, Japan; 

  

	c.	Romanian Subsidiary; 37 St. Lazar Street, Floor 1-3,1asi, lasi County, 700049 Romania; and 

  

	d.	Malaysian subsidiary: Lot 6.02, Level 6, Menara KWSP, 38 Jalan Sultan Ahmad Shah, Penang 10050 Malaysia. 

Litigation (Section 5.7) 
 eASIC is pursuing a
claim against its former customer, Vocentrix (Hong Kong) Limited) (“Vocentrix”) in the High Court of the Hong Kong Special Administrative Region Court with respect to a development contract in 2009/2010 between the parties for work
completed by eASIC, but for which eASIC was only partially paid by Vocentrix. eASIC has reserved/written off any unpaid booked revenue relating to this matter to-date, but is still pursuing a cash collection for damages and breach of contract in the
amount of approximately $3,820,000. 
 Subsidiary IP (Section 5.12) 

eASIC Limited, an entity formed pursuant to the laws of Bermuda, holds certain good will, transferred pursuant to (i) the Research and Development
Agreement dated March 15, 2005 between eASIC Limited and s.c. eASIC Corporation SRL and (ii) the Research and Development Agreement dated August 15, 2005 between eASIC Limited and eASIC (M) SDN. BHD. 

 EXHIBIT B 

FUNDING CERTIFICATE 
 The undersigned,
being the duly elected and acting                of eASIC Corporation, a Delaware corporation (“Borrower”), does hereby certify to HORIZON TECHNOLOGY FINANCE
CORPORATION (“Horizon”), HORIZON FUNDING TRUST 2013-1 (“Horizon Trust”), FORTRESS CREDIT OPPORTUNITIES I LP (“FCO”), and DBD CREDIT FUNDING LLC (“DBD”, and collectively with Horizon, Horizon Trust and FCO the
“Lenders”) in connection with that certain Amended and Restated Venture Loan and Security Agreement dated as of August    , 2014 by and among Borrower, Lenders and Horizon as Collateral Agent (the “Loan
Agreement”; with other capitalized terms used below having the meanings ascribed thereto in the Loan Agreement) that: 
 1. The
representations and warranties made by Borrower in Section 5 of the Loan Agreement and in the other Loan Documents are true and correct as of the date hereof. 

2. No event or condition has occurred that would constitute a Default or an Event of Default under the Loan Agreement or any other Loan
Document. 
 3. Borrower is in compliance with the covenants and requirements contained in Sections 4, 6 and 7 of the Loan Agreement.

 4. All conditions referred to in Section 3 of the Loan Agreement to the making of the Loan to be made on or about the date
hereof have been satisfied, unless waived by each Lender. 
 5. No material adverse change in the general affairs, management, results of
operations, condition (financial or otherwise) or prospects of Borrower, whether or not arising from transactions in the ordinary course of business, has occurred. 

6. The proceeds for Loan C shall be disbursed as follows: 

Disbursement from Horizon: 

			
	 Loan Amount
	  	$
	 Less:
	  	
	 Legal Fees
	  	$
	 Balance of Commitment Fee
	  	$
		
	    Net Proceeds due from Horizon:	  	$

 7. The proceeds for Loan D shall be disbursed as follows: 

Disbursement from DBD: 

			
	 Loan Amount
	  	$
	 Less:
	  	
	 Legal Fees
	  	
	 Loan D Warrant Price
	  	$
	 Balance of Commitment Fee
	  	$
		
	    Net Proceeds due from DBD:	  	$

 Disbursement from Drawbridge Special Opportunities Fund LP (“Drawbridge”): 

 

			
	    Warrant D Purchase Price	  	$
		
	Net Proceeds due from Drawbridge:	  	$

 8. The aggregate net proceeds of Loan C in the amount of
$                shall be transferred by Horizon to Borrower’s account as follows: 

Account Name: 
 Bank Name: 

Bank Address: 
 Attention: 

Telephone: 
 Account Number: 

ABA Number: 
 9. A portion of the aggregate net
proceeds of Loan D in the amount of $                shall be transferred by DBD to Borrower’s account as follows: 

Account Name: 
 Bank Name: 

Bank Address: 
 Attention: 

Telephone: 
 Account Number: 

ABA Number: 
 10. A portion of the aggregate net
proceeds of Loan D in the amount of $                shall be transferred by Drawbridge to Borrower’s account as follows: 

Account Name: 
 Bank Name: 

Bank Address: 
 Attention: 

Telephone: 
 Account Number: 

ABA Number: 
 Number: ABA Number: 

Dated: August    , 2014 
  

			
	BORROWER:
	
	eASIC CORPORATION
		
	By:	 	  

	Name:	 	  

	Title:	 	  

 EXHIBIT C 

SECURED PROMISSORY NOTE 

[(Loan A/B)] 
  

			
	$            	  	Dated: September             , 2013

 FOR VALUE RECEIVED, the undersigned, eASIC CORPORATION, a Delaware corporation (“Borrower”),
HEREBY PROMISES TO PAY to [HORIZON TECHNOLOGY FINANCE CORPORATION, a Delaware corporation/ DBD CREDIT FUNDING LLC, a Delaware limited liability company] (“Lender”) the principal amount of
            Dollars ($            ) or such lesser amount as shall equal the outstanding principal balance of Loan [A/B]
(the “Loan”) made to Borrower by Lender pursuant to the Loan Agreement (as defined below), and to pay all other amounts due with respect to the Loan on the dates and in the amounts set forth in the Loan Agreement. 

Interest on the principal amount of this Note from the date of this Note shall accrue at the Loan Rate or, if applicable, the Default Rate.
The Loan Rate for this Note is    % per annum based on a year of twelve 30-day months. If the Funding Date is not the first day of the month, interim interest accruing from the Funding Date through the last day of that month
shall be paid on the first calendar day of the next calendar month. Commencing             201    , through and including
            201    , on the first day of each month (each an “Interest Payment Date”) Borrower s all make payments of accrued interest only on the
outstanding principal amount of the Loan in the amount of             Dollars ($            ). Commencing
            201    , and continuing on the first day of each month thereafter (each a “Principal and Interest Payment Date”), Borrower shall make to
Lender twenty-four (24) equal payments of principal plus accrued interest on the then outstanding principal amount due hereunder each in the amount of             Dollars
($            ). Notwithstanding the foregoing, if Borrower has achieved the Interest Only Extension Milestone (as defined in the Venture Loan and Security Agreement dated as of September
            , 2013 by and among Borrower, Lender and [HORIZON/DBD] (the “Loan Agreement”)), then (1) commencing
            201    , through and including             201     (each a
“Subsequent Interest Payment Date”), on the first day of each month Borrower shall make payments of accrued interest only on the outstanding principal amount of the Loan in the amount of
            Dollars ($            ) and (2) commencing on
            201    , and continuing on the first day of each month thereafter (each a “Subsequent Principal and Interest Payment Date” and, collectively
with each Subsequent Interest Payment Date, each a “Subsequent Payment Date”), Borrower shall make to Lender twenty-four (24) equal payments of principal plus accrued interest on the !ben outstanding principal amount due
hereunder each in the amount of             Dollars ($            ). On
            201    , Borrower shall make a payment of             Dollars
($            ) to Lender (the “Final Payment”), provided, however, that if Borrower achieves the Interest Only Extension Milestone, the Final Payment shall be paid on
            . If not sooner paid, all outstanding amounts hereunder and under the Loan Agreement shall become due and payable on
            , provided, however, that if Borrower achieves the Interest Only Extension Milestone (as defined in the Loan Agreement), all outstanding amounts hereunder and under the Loan
Agreement shall become due and payable on             . 
 Principal, interest
and all other amounts due with respect to the Loan, are payable in lawful money of the United States of America to Lender as set forth in the Loan Agreement. 

 The principal amount of this Note and the interest rate applicable thereto, and all payments made with respect
thereto, shall be recorded by Lender and, prior to any transfer hereof, endorsed on the grid attached hereto which is part of this Note. 

This Note is referred to in, and is entitled to the benefits of, the Loan Agreement. The Loan Agreement, among other things, (a) provides
for the making of a secured Loan to Borrower, and (b) contains provisions for acceleration of the maturity hereof upon the happening of certain stated events. 

This Note may not be prepaid, except as set forth in Section 2.3 of the Loan Agreement. 

This Note and the obligation of Borrower to repay the unpaid principal amount of the Loan, interest on the Loan and all other amounts due
Lender under the Loan Agreement is secured under the Loan Agreement. 
 Presentment for payment, demand, notice of protest and all other
demands and notices of any kind in connection with the execution, delivery, performance and enforcement of this Note are hereby waived. 

Borrower shall pay all reasonable fees and expenses, including, without limitation, reasonable attorneys’ fees and costs, incurred by
Lender in the enforcement or attempt to enforce any of Borrower’s obligations hereunder not performed when due. 
 Any reference herein
to Lender shall be deemed to include and apply to every subsequent holder of this Note. Reference is made to the Loan Agreement for provisions concerning optional and mandatory prepayments, Collateral, acceleration and other material terms affecting
this Note. 
 This Note shall be governed by and construed under the laws of the State of New York (without reference to choice of law
doctrine but with reference to Section 5-1401 of the New York General Obligations Law, which by its terms applies to this Note) whose laws Borrower expressly elect to apply to this Note. Borrower agrees that any action or proceeding brought to
enforce or arising out of this Note may be commenced in the Supreme Court of the State of New York, Borough of Manhattan, or in the District Court of the United States for the Southern District of New York. 

IN WITNESS WHEREOF, Borrower has caused this Note to be duly executed by one of its officers thereunto duly authorized on the date hereof.

  

			
	BORROWER:
	
	eASIC CORPORATION
		
	By:	 	  

		
	Name:	 	  

		
	Title:	 	  

 [SIGNATURE PAGE TO SECURED PROMISSORY NOTE (LOAN A/B)] 

 EXHIBIT D 

SECURED PROMISSORY NOTE 

[(Loan C/D)] 
  

			
	$            	  	Dated: August             , 2014

 FOR VALUE RECEIVED, the undersigned, eASIC CORPORATION, a Delaware corporation (“Borrower”),
HEREBY PROMISES TO PAY to [HORIZON TECHNOLOGY FINANCE CORPORATION, a Delaware corporation/ DBD CREDIT FUNDING LLC, a Delaware limited liability company] (“Lender”) the principal amount of
            Dollars ($            ) or such lesser amount as shall equal the outstanding principal balance of Loan [C/D]
(the “Loan”) made to Borrower by Lender pursuant to the Loan Agreement (as defined below), and to pay all other amounts due with respect to the Loan on the dates and in the amounts set forth in the Loan Agreement. 

Interest on the principal amount of this Note from the date of this Note shall accrue at the Loan Rate or, if applicable, the Default Rate.
The Loan Rate for this Note is    % per annum based on a year of twelve 30-day months. If the Funding Date is not the first day of the month, interim interest accruing from the Funding Date through the last day of that month
shall be paid on the first calendar day of the next calendar month. Commencing             201    , through and including
            201    , on the first day of each month (each an “Interest Payment Date”) Borrower shall make payments of accrued interest only on the
outstanding principal amount of the Loan in the amount of             Dollars ($            ). Commencing on
            201    , and continuing on the first day of each month thereafter (each a “Principal and Interest Payment Date”), Borrower shall make to
Lender thirty (30) equal payments of principal plus accrued interest on the then outstanding principal amount due hereunder each in the amount of             Dollars
($            ). On             201    , Borrower shall make a payment of
            Dollars ($            ) to Lender (the “Final Payment”).If not sooner paid, all outstanding
amounts hereunder and under the Loan Agreement shall become due and payable on. 
 Principal, interest and all other amounts due with
respect to the Loan, are payable in lawful money of the United States of America to Lender as set forth in that certain Amended and Restated Venture Loan and Security Agreement dated on or about the date hereof, by and among Borrower, Lender,
[HORIZON/FORTRESS], Horizon Funding Trust 2013-1 and Fortress Credit Opportunities I LP (the “Loan Agreement”). The principal amount of this Note and the interest rate applicable thereto, and all payments made with respect thereto,
shall be recorded by Lender and, prior to any transfer hereof, endorsed on the grid attached hereto which is part of this Note. 
 This Note
is referred to in, and is entitled to the benefits of, the Loan Agreement. The Loan Agreement, among other things, (a) provides for the making of a secured Loan to Borrower, and (b) contains provisions for acceleration of the maturity
hereof upon the happening of certain stated events. 
 This Note may not be prepaid, except as set forth in Section 2.3 of the
Loan Agreement. 

 This Note and the obligation of Borrower to repay the unpaid principal amount of the Loan,
interest on the Loan and all other amounts due Lender under the Loan Agreement is secured under the Loan Agreement. 
 Presentment for
payment, demand, notice of protest and all other demands and notices of any kind in connection with the execution, delivery, performance and enforcement of this Note are hereby waived. 

Borrower shall pay all reasonable fees and expenses, including, without limitation, reasonable attorneys’ fees and costs, incurred by
Lender in the enforcement or attempt to enforce any of Borrower’s obligations hereunder not performed when due. 
 Any reference herein
to Lender shall be deemed to include and apply to every subsequent holder of this Note. Reference is made to the Loan Agreement for provisions concerning optional and mandatory prepayments, Collateral, acceleration and other material terms affecting
this Note. 
 This Note shall be governed by and construed under the laws of the State of New York (without reference to choice of law
doctrine but with reference to Section 5-1401of the New York General Obligations Law, which by its terms applies to this Note) whose laws Borrower expressly elect to apply to this Note. Borrower agrees that any action or proceeding brought to
enforce or arising out of this Note may be commenced in the Supreme Court of the State of New York, Borough of Manhattan, or in the District Court of the United States for the Southern District of New York. 

IN WITNESS WHEREOF, Borrower has caused this Note to be duly executed by one of its officers thereunto duly authorized on the date hereof.

  

			
	BORROWER:
	
	eASIC CORPORATION
		
	By:	 	  

		
	Name:	 	  

		
	Title:	 	  

 [SIGNATURE PAGE TO SECURED PROMISSORY NOTE (LOAN C/D)] 

 EXHIBIT E 

ITEMS TO BE COVERED BY OPINION OF BORROWER’S COUNSEL 

1. Borrower is a corporation, duly organized, validly existing and in good standing under the laws of the State of Delaware, and is duly
qualified and authorized to do business in the State of California. 
 2. Borrower has the full corporate power, authority and legal right,
and has obtained all necessary approvals, consents and given all notices to execute and deliver the Loan Documents and perform the terms thereof. 

3. The Loan Documents have been duly authorized, executed and delivered by Borrower and constitute valid, legal and binding agreements, and
are enforceable in accordance with their terms. 
 4. To our knowledge, there is no action, suit, audit, investigation, proceeding or patent
claim pending or threatened against Borrower in any court or before any governmental commission, agency, board or authority which might have a material adverse effect on the business, condition or operations of Borrower or the ability of Borrower to
perform its obligations under the Loan Documents. 
 5. The Shares (as defined in the Warrant) issuable pursuant to exercise or conversion
of the Warrant have been duly authorized and reserved for issuance by Borrower and, when issued in accordance with the terms thereof, will be validly issued, fully paid and nonassessable. 

6. The shares of Common Stock issuable upon conversion of the Shares have been duly authorized and reserved and, when issued in accordance
with the terms of Borrower’s Certificate of Incorporation, as amended, will be validly issued, fully paid and nonassessable. 
 7. The
execution and delivery of the Loan Documents are not, and the issuance of the Shares upon exercise of the Warrant in accordance with the terms thereof will not be, inconsistent with Borrower’s Certificate of Incorporation, as amended, or
Bylaws, do not and will not contravene any law, governmental rule or regulation, judgment or order applicable to Borrower, and do not and will not conflict with or contravene any provision of, or constitute a default under, any indenture, mortgage,
contract or other agreement or instrument of which Borrower is a party or by which it is bound or require the consent or approval of, the giving of notice to, the registration or filing with or the taking of any action in respect of or by, any
federal, state or local government authority or agency or other person, except for the filing of notices pursuant to federal and state securities laws, which filings will be effected by the time required thereby. 

 EXHIBIT F 

FORM OF OFFICER’S CERTIFICATE 

TO: HORIZON TECHNOLOGY FINANCE CORPORATION 

        HORIZON FUNDING TRUST 2013-1 

        DBD CREDIT FUNDING LLC 

        FORTRESS CREDIT OPPORTUNITIES I LP 

Reference is made to the Amended and Restated Venture Loan and Security Agreement dated as of August
            , 2014 (as it may be amended from time to time, the “Loan Agreement”) by and among eASIC CORPORATION (“Borrower”), HORIZON TECHNOLOGY FINANCE
CORPORATION, as a Lender and Collateral Agent (“Horizon”), HORIZON FUNDING TRUST 2013-1 as a Lender (“Horizon Trust”), FORTRESS CREDIT OPPORTUNITIES I LP, as a Lender (“FCO”) and DBD CREDIT FUNDING
LLC, as a Lender (“DBD” and collectively with Horizon, Horizon Trust and FCO, “Lenders”). Unless otherwise defined herein, capitalized terms have the meanings given such terms in the Loan Agreement. The undersigned
Responsible Officer of Borrower hereby certifies to Lender that: 
  

	1.	No Event of Default or Default has occurred under the Loan Agreement. (If a Default or Event of Default has occurred, specify the nature and extent thereof and the action Borrower proposes to take with respect thereto.)
Except as set forth below, no event has occurred and no condition exists which could reasonably be expected to have a material adverse effect on the financial condition, business or operations of Borrower since the date of the last Officer’s
Certificate provided to Lenders. 

  

	2.	The information provided in Section 1 of the Disclosure Schedule is currently true and accurate, except as noted below. 

  

	3.	Borrower is in compliance with the provisions of Section 4, 6 and 7 of the Loan Agreement, except as noted below. 

  

	4.	Attached herewith are the [monthly financial statements pursuant to Section 6.3(a) of the Loan Agreement/annual audited financial statements pursuant to Section 6.3(b) of the Loan Agreement]. These have been
prepared in accordance with GAAP and are consistent from one period to the next except as noted below. 

 NOTES TO ABOVE
CERTIFICATIONS: 
  

			
		  	  

		
		  	  

  

			
	BORROWER:
	eASIC CORPORATION
	By:	 	  

	Name:	 	  

	Title:	 	  

	Date:	 	  

 FIRST AMENDMENT OF AMENDED AND RESTATED VENTURE LOAN AND 

SECURITY AGREEMENT 
 This
FIRST AMENDMENT OF AMENDED AND RESTATED VENTURE LOAN AND SECURITY AGREEMENT (this “Agreement”), dated as of December 10th, 2014 (“Amendment Effective Date”),
is entered into by and among eASIC CORPORATION, a Delaware corporation (“eASIC” or “Borrower”), HORIZON FUNDING TRUST 2013-1 (“Horizon Trust”), as assignee of HORIZON TECHNOLOGY FINANCE CORPORATION
(“Horizon”), HORIZON, in its capacity as collateral agent for the Lenders (as hereinafter defined) (the “Collateral Agent”), HORIZON CREDIT II LLC, a Delaware limited liability company (“HCII”) ,
FORTRESS CREDIT OPPORTUNITIES I LP (“FCO”), and FORTRESS CREDIT FUNDING V LP (“FCF” and, collectively with Horizon Trust, HCII and FCO, “Lenders”), as assignee of DBD Credit Funding LLC
(“DBD”). 
 RECITALS 

A. eASIC, Lenders and the Collateral Agent are parties to a certain Amended and Restated Venture Loan and Security Agreement dated as of
September 12, 2014 (as amended, amended and restated, supplemented or otherwise modified from time to time, the “Loan Agreement”) pursuant to which, among other things, (i) Horizon provided a loan to eASIC as evidenced by
a certain Secured Promissory Note (Loan A) executed by eASIC in favor of Horizon, dated September 30, 2013, in the original principal amount of Two Million and 00/100 Dollars ($2,000,000.00) (the “Loan A Note”), (ii) DBD
provided a loan to eASIC as evidenced by a certain Secured Promissory Note (Loan B) executed by eASIC in favor of DBD, dated September 30, 2013, in the original principal amount of Four Million and 00/100 Dollars ($4.000,000.00) (the
“Loan B Note”), (iii) Horizon provided a loan to eASIC as evidenced by a certain Secured Promissory Note (Loan C) executed by eASIC in favor of Horizon, dated September 12, 2014, in the original principal amount of Two
Million and 00/100 Dollars ($2,000,000.00) (the “Loan C Note”), and (iv) DBD provided a loan to eASIC as evidenced by a certain Secured Promissory Note (Loan D) executed by eASIC in favor of DBD, dated September 12, 2014,
in the original principal amount of One Million and 00/100 Dollars ($1,000,000.00) (the “Loan D Note”) and, collectively with the Loan A Note, Loan B Note and Loan C Note, the “Notes”) and (iii) Lenders have
been granted a security interest in all assets of eASIC, except with respect to eASIC’s Intellectual Property (as defined in the Loan Agreement). 

B. Horizon transferred all of its right, title and interest in and to the Loan A Note and the Loan Agreement to Horizon Funding 2013-1 LLC
(“Funding”) on or about June 28, 2013, and Funding subsequently sold all of its right, title and interest in and to the Loan A Note and the Loan Agreement to Horizon Trust on or about June 28, 2013. 

C. DBD transferred all of its right, title and interest in and to the Loan B Note and the Loan Agreement to FCO on or about September 30,
2013. 
 D. Horizon transferred all of its right, title and interest in and to the Loan C Note and the Loan Agreement to HCII on or about
September 12, 2014. 
 E. DBD transferred all of its right, title and interest in and to the Loan D Note and the Loan Agreement to FCF
on or about September 12, 2014. 

 F. Borrower has now requested that Collateral Agent and Lenders agree to revise the Loan
Agreement to amend Section 7.13 of the Loan Agreement to permit Borrower to hold up to Eight Hundred Thousand Dollars ($800,000) in foreign deposit accounts not subject to account control agreements in favor of Collateral Agent. 

G. Collateral Agent and Lenders are willing to grant such request, but only to the extent, and in accordance with the terms, and subject to
the conditions, set forth herein. 
 AGREEMENT 

NOW, THEREFORE, in consideration of the above recitals and for other good and valuable consideration, the receipt and adequacy of which are
hereby acknowledged, Borrower, Collateral Agent, and Lenders hereby agree as follows: 
 1. Definitions; Interpretation. Unless
otherwise defined herein, all capitalized terms used herein and defined in the Loan Agreement shall have the respective meanings given to those terms in the Loan Agreement. Other rules of construction set forth in the Loan Agreement, to the extent
not inconsistent with this Agreement, apply to this Agreement and are hereby incorporated by reference. 
 2. Confirmation. Borrower
hereby acknowledges and agrees that: (i) the Loan Agreement sets forth the legal, valid, binding and continuing obligations of Borrower to Lenders, (ii) the Obligations to Lenders under the Loan Agreement are secured by validly perfected
security interests in all assets of Borrower, except with respect to Borrower’s Intellectual Property and as otherwise provided in the Loan Documents, and (iii) Borrower has no cause of action, claim, defense or set-off against the Lenders
in any way regarding or relating to the Loan Agreement or Lenders’ actions thereunder through the date of this Agreement and to the extent any such cause of action, claim, defense or set-off ever existed, it is waived and Lenders are released
from any claims of Borrower. Borrower represents and warrants that, except as provided in Section 4 below, no Default or Event of Default has occurred under the Loan Agreement. 

3. Amendment to Loan Agreement. 

Borrower, Collateral Agent and Lenders hereby agree that Section 7.13 of the Loan Agreement is hereby deleted in its entirety and replaced
with the following: 
 “7.13 Maintenance of Accounts. (i) Maintain any deposit account or account holding securities owned
by Borrower except accounts with respect to which Collateral Agent and Lenders are able to take such actions as they deem necessary to obtain a perfected security interest in such accounts through one or more Account Control Agreements; or
(ii) grant or allow any other Person (other than Collateral Agent or Lenders) to perfect a security interest in, or enter into any agreements with any Persons (other than Collateral Agent or Lenders) accomplishing perfection via control as to,
any of its deposit accounts or accounts holding securities other than in favor of the lender providing Borrower with Indebtedness permitted under subsection (d) of the definition of Permitted Indebtedness. Notwithstanding the foregoing,
Borrower and its subsidiaries 

  
 - 2 - 

 
may maintain one or more deposit accounts with financial institutions outside of the United States (“Foreign Accounts”) over which Collateral Agent and Lenders do not maintain
Account Control Agreements, provided, that (i) Borrower and its Subsidiaries may maintain not more than Eight Hundred Thousand Dollars (USD$800,000) in the aggregate at any time on deposit in Foreign Accounts over which Lenders do not maintain
Account Control Agreements; and (ii) Borrower shall provide Collateral Agent and each Lender with a list of all such Foreign Accounts not less than once per fiscal quarter.” 

4. Waiver of Default. Collateral Agent and Lenders acknowledge that at times Borrower has exceeded the $250,000 foreign account
threshold contained in Section 7.13 of the Loan Agreement (as in effect immediately prior to this Agreement). Collateral Agent and Lenders waive any violations of the Loan Agreement related to such foreign account threshold from inception
(September 30, 2013) until the date of this Agreement. 
 5. Conditions to Effectiveness. Collateral Agent’s and Lenders’
consent and agreement contained herein are expressly conditioned on the following: 
 (a) Borrower executing and delivering to Collateral
Agent and Lenders an executed copy of This Agreement; 
 (b) Borrower delivering to Collateral Agent and Lenders a fully-executed version of
the Eleventh Amendment to Loan and Security Agreement between Borrower and Silicon Valley Bank dated on or about the date hereof; and 
 (c)
Borrower’s payment of Lenders’ legal expenses in the amount of Two Thousand and 00/100 Dollars ($2,000.00) incurred in connection with the drafting, negotiation and execution of this Agreement. 

6. Effect of Agreement. On and after the date hereof, each reference to the Loan Agreement in the Loan Agreement or in any other
document shall mean the Loan Agreement as amended by this Agreement. Except as expressly provided hereunder, the execution, delivery and effectiveness of this Agreement shall not operate as a waiver of any right, power, or remedy of Lenders, nor
constitute a waiver of any provision of the Loan Agreement. Except to the limited extent expressly provided herein, nothing contained herein shall, or shall be construed to (nor shall Borrower ever argue to the contrary) (i) modify the Loan
Agreement or any other Loan Document, (ii) modify, waive, impair, or affect any of the covenants, agreements, terms, and conditions thereof; or (iii) waive the due keeping, observance and/or performance thereof, each of which is hereby
ratified and confirmed by Borrower. Except as amended above, the Loan Agreement remains in full force and effect. 
 7. Headings.
Headings in this Agreement are for convenience of reference only and are not part of the substance hereof. 

  
 - 3 - 

 8. Governing Law. This Agreement shall be governed by and construed in accordance with the
laws of the State of New York without reference to conflicts of law rules. 
 9. Counterparts. This Agreement may be executed in any
number of counterparts, including by electronic or facsimile transmission, each of which when so delivered shall be deemed an original, but all such counterparts taken together shall constitute but one and the same instrument. 

10. Integration. This Agreement and the Loan Documents constitute and contain the entire agreement of Borrower, the Collateral Agent,
and Lenders with respect to their respective subject matters, and supersede any and all prior agreements, correspondence and communications. 

[Remainder of Page Intentionally Left Blank] 

  
 - 4 - 

 IN WITNESS WHEREOF, Borrower and Lenders have caused this FIRST AMENDMENT OF AMENDED AND RESTATED VENTURE LOAN
AND SECURITY AGREEMENT to be executed as of the day and year first above written. 
  

			
	BORROWER:
	eASIC, INC.
		
	By:	 	 /s/ Ronnie Vashista

	Name:	 	 Ronnie Vashista

	Title:	 	 President & CEO

	
	LENDERS:
	HORIZON FUNDING TRUST 2013-1
	 By: Horizon Technology Finance

Corporation, its agent

		
	By:	 	 /s/ Robert D. Pomeroy, Jr.

	Name:	 	Robert D. Pomeroy, Jr.
	Title:	 	Chief Executive Officer
	
	HORIZON CREDIT II LLC
	By: Horizon Technology Finance
	Corporation, its sole member
		
	By:	 	 /s/ Robert D. Pomeroy, Jr.

	Name:	 	Robert D. Pomeroy, Jr.
	Title:	 	Chief Executive Officer
	
	FORTRESS CREDIT OPPORTUNITIES I LP
	By: Fortress Credit Opportunities I GP
	LLC, its general partner
		
	By:	 	 /s/ Douglas J. Cardoni

	Name:	 	Douglas J. Cordoni
	Title:	 	Chief Administrative Officer

  
 [Signature Page to First
Amendment of Amended and Restated Loan Agreement – eAsic] 

 
			
	 FORTRESS CREDIT FUNDING V LP
 by:
Fortress Credit Funding V GP LLC, its
general partner

		
	By:		 /s/ Douglas J. Cardoni

	Name:		Douglas J. Cardoni
	Title:		Chief Administrative Officer
	
	 COLLATERAL AGENT:
 HORIZON
TECHNOLOGI FINANCE CORPORATION

		
	By:		 /s/ Robert D. Pomeroy, Jr.

	Name:		Robert D. Pomeroy, Jr.
	Title:		Chief Executive Officer

  
 [Signature Page to First
Amendment of Amended and Restated Loan Agreement – eAsic]EX-10.19

 Exhibit 10.19 

LOAN AND SECURITY AGREEMENT 

THIS LOAN AND SECURITY AGREEMENT (this “Agreement”) dated as of September 29, 2010 (the “Effective
Date”) between SILICON VALLEY BANK, a California corporation (“Bank”), and EASIC CORPORATION, a Delaware corporation (“Borrower”), provides the terms on which Bank shall lend to Borrower and
Borrower shall repay Bank. The parties agree as follows: 
  

	 	1	ACCOUNTING AND OTHER TERMS 

 Accounting terms not defined in this Agreement shall
be construed following GAAP. Calculations and determinations must be made following GAAP (except for non-compliance with FAS123R in the monthly reporting). Capitalized terms not otherwise defined in this Agreement shall have the meanings set forth
in Section 13. All other terms contained in this Agreement, unless otherwise indicated, shall have the meaning provided by the Code to the extent such terms are defined therein. 

 

	 	2	LOAN AND TERMS OF PAYMENT 

  

	 	2.1	Promise to Pay. 

 Borrower hereby unconditionally promises to pay Bank the outstanding
principal amount of all Credit Extensions and accrued and unpaid interest thereon as and when due in accordance with this Agreement. 
  

	 	2.1.1	Growth Capital Advances. 

 (a) Availability. Bank shall make a growth capital loan
available to Borrower in two (2) tranches (“Tranche A” and “Tranche B”; each advance under Tranche A and Tranche B hereinafter referred to individually as a “Growth Capital Advance” and
collectively as “Growth Capital Advances”) not exceeding the Growth Capital Line. Subject to the satisfaction of the terms and conditions of this Agreement, (i) Bank will fund Tranche A on the Effective Date in a single advance
not to exceed Three Million Dollars ($3,000,000) (the “Tranche A Advance”), and (ii) provided that Borrower has achieved the Tranche B Advance Milestone prior to the date of such Growth Capital Advance under Tranche B (each a
“Tranche B Advance”, and collectively, the “Tranche B Advances”), Tranche B will be available during the Tranche B Draw Period in up to three (3) Tranche B Advances in an aggregate amount not to exceed Two
Million Dollars ($2,000,000). Each Tranche B Advance must (i) be in an amount at least equal to the lesser of Five Hundred Thousand Dollars ($500,000) or the amount that has not yet been drawn under Tranche B of the Growth Capital Line and
(ii) only be used to finance Eligible Purchase Orders. After repayment, no Growth Capital Advance may be reborrowed. 
 (b)
Repayment. Borrower shall repay each Growth Capital Advance as follows: 
 (i) Pre-Conversion Date Growth Capital Advances.
For each Growth Capital Advance made before the Conversion Date (each a “Pre-Conversion Date Growth Capital Advance”, and collectively, the “Pre-Conversion Date Growth Capital Advances”),

  
 1. 

 
Borrower shall make monthly payments of accrued interest only commencing on the last calendar day of the month immediately following the Funding Date on which such Growth Capital Advance occurs
(or commencing on the Funding Date if the Funding Date is the last calendar day of the month) and on the last calendar day of each month thereafter during the Growth Capital Interest Only Period. Commencing on the last calendar day of the first (1st) month on which the Conversion Date occurs and continuing on the last calendar day of each month thereafter during the Growth Capital Repayment Period, Borrower shall make equal monthly
payments of principal and accrued interest, which would fully amortize each such Growth Capital Advance over the Growth Capital Repayment Period. 

(ii) Post-Conversion Date Growth Capital Advances. For each Growth Capital Advance made on or after the Conversion Date (each a
“Post-Conversion Date Growth Capital Advance”, and collectively, the “Post-Conversion Date Growth Capital Advances”), Borrower shall make equal monthly payments of principal and interest, which would fully amortize
such Growth Capital Loan Advance over the Growth Capital Repayment Period commencing on the last calendar day of the month immediately following the Funding Date on which such Growth Capital Advance occurs (or commencing on the Funding Date if the
Funding Date is the last calendar day of the month) and continuing on the last calendar day of each month thereafter during the Growth Capital Repayment Period. By way of example only, if a Post-Conversion
Date Growth Capital Advance is made on April 15, 2012, then Borrower would make twenty-seven (27) equal monthly payments of principal and interest commencing on April 30, 2012 and on the last calendar day of each month thereafter,
each in an amount which would fully amortize such Post-Conversion Date Growth Capital Advance over the Growth Capital Repayment Period. 

All unpaid principal and accrued interest on each Growth Capital Advance shall be due and payable in full on the Growth Capital Maturity Date.

 (c) Final Payment. With respect to each Growth Capital Advance, on the earlier of (i) the Growth Capital Maturity Date with
respect to each Growth Capital Advance, or (ii) the acceleration of such Growth Capital Advance, Borrower shall pay, in addition to the outstanding principal, accrued and unpaid interest, and all other amounts due on such date with respect to
such Growth Capital Advance, an amount equal to the Final Payment. 
 (d) Mandatory Prepayment Upon an Acceleration. If the Growth
Capital Advances are accelerated following the occurrence of an Event of Default or otherwise, Borrower shall immediately pay to Bank an amount equal to the sum of (i) all outstanding principal, plus accrued and unpaid interest, plus
(ii) the Final Payment, plus (iii) all other sums, if any, that shall have become due and payable hereunder with respect to the Growth Capital Advances, including interest at the Default Rate with respect to any past due amounts. 

(e) Voluntary Prepayment. At Borrower’s option, so long as an Event of Default has not occurred and is not continuing, Borrower
shall have the option to prepay all, but not less than all, of the Growth Capital Advances, provided Borrower (i) provides written notice to Bank of its election to exercise its option to prepay the Growth Capital Advances at least thirty
(30) days prior to such prepayment, and (ii) pays, on the date of the prepayment (A) all accrued and unpaid interest with respect to the Growth Capital Advances through the date the prepayment is made; (B) all unpaid principal
with respect to the Growth Capital Advances; (C) the Final Payment and (D) all other sums, if any, that shall have become due and payable hereunder with respect to this Agreement. 

  
 2. 

	 	2.1.2	Revolving Advances. 

 (a) Availability. Subject to the terms and conditions of
this Agreement and to deduction of Reserves, Bank shall make Advances not exceeding the Availability Amount. Amounts borrowed hereunder may be repaid and, prior to the Revolving Line Maturity Date, reborrowed, subject to the applicable terms and
conditions precedent herein. 
 (b) Termination; Repayment. The Revolving Line terminates on the Revolving Line Maturity Date, when
the principal amount of all Advances, the unpaid interest thereon, and all other Obligations relating to the Revolving Line shall be immediately due and payable. 
  

	 	2.1.3	Letters of Credit Sublimit. 

 (a) As part of the Revolving Line, Bank shall issue or have
issued Letters of Credit denominated in Dollars or a Foreign Currency for Borrower’s account. The aggregate Dollar Equivalent amount utilized for the issuance of Letters of Credit shall at all times reduce the amount otherwise available for
Advances under the Revolving Line. The aggregate Dollar Equivalent of the face amount of outstanding Letters of Credit (including drawn but unreimbursed Letters of Credit) may not exceed the lesser of (A) One Million Dollars ($1,000,000), minus
(i) the sum of all amounts used for Cash Management Services, and minus (ii) the FX Reduction Amount, or (B) the lesser of Revolving Line or the Borrowing Base, minus (i) the sum of all outstanding principal amounts of any
Advances (including any amounts used for Cash Management Services), and minus (ii) the FX Reduction Amount. 
 (b) If, on the Revolving
Line Maturity Date (or the effective date of any termination of this Agreement), there are any outstanding Letters of Credit, then on such date Borrower shall provide to Bank cash collateral in an amount equal to one hundred five percent
(105%) of the Dollar Equivalent of the face amount of all such Letters of Credit plus all interest, fees, and costs due or to become due in connection therewith (as estimated by Bank in its good faith business judgment), to secure all of the
Obligations relating to such Letters of Credit. All Letters of Credit shall be in form and substance acceptable to Bank in its sole discretion and shall be subject to the terms and conditions of Bank’s standard Application and Letter of Credit
Agreement (the “Letter of Credit Application”). Borrower agrees to execute any further documentation in connection with the Letters of Credit as Bank may reasonably request. Borrower further agrees to be bound by the regulations and
interpretations of the issuer of any Letters of Credit guarantied by Bank and opened for Borrower’s account or by Bank’s interpretations of any Letter of Credit issued by Bank for Borrower’s account, and Borrower understands and
agrees that Bank shall not be liable for any error, negligence, or mistake, whether of omission or commission (other than those directly resulting from Bank’s gross negligence or willful misconduct), in following Borrower’s instructions or
those contained in the Letters of Credit or any modifications, amendments, or supplements thereto. 

  
 3. 

 (c) The obligation of Borrower to immediately reimburse Bank for drawings made under Letters of
Credit shall be absolute, unconditional, and irrevocable, and shall be performed strictly in accordance with the terms of this Agreement, such Letters of Credit, and the Letter of Credit Application. 

 

	 	2.1.4	Foreign Exchange Sublimit. 

 As part of the Revolving Line, Borrower may enter into
foreign exchange contracts with Bank under which Borrower commits to purchase from or sell to Bank a specific amount of Foreign Currency (each, a “FX Forward Contract”) on a specified date (the “Settlement Date”).
FX Forward Contracts shall have a Settlement Date of at least one (1) FX Business Day after the contract date and shall be subject to a reserve of ten percent (10%) of each outstanding FX Forward Contract (the “FX
Reserve”). The aggregate amount of FX Forward Contracts at any one time may not exceed ten (10) times the lesser of (A) One Million Dollars ($1,000,000), minus (i) the sum of all amounts used for Cash Management Services, and
minus (ii) the Dollar Equivalent of the face amount of any outstanding Letters of Credit (including drawn but unreimbursed Letters of Credit), or (B) the lesser of Revolving Line or the Borrowing Base, minus (i) the sum of all
outstanding principal amounts of any Advances (including any amounts used for Cash Management Services), and minus (ii) the Dollar Equivalent of the face amount of any outstanding Letters of Credit (including drawn but unreimbursed Letters of
Credit). The amount otherwise available for Credit Extensions under the Revolving Line shall be reduced by an amount equal to ten percent (10%) of each outstanding FX Forward Contract (the “FX Reduction Amount”). Any amounts
needed to fully reimburse Bank for any amounts not paid by Borrower in connection with FX Forward Contracts will be treated as Advances under the Revolving Line and will accrue interest at the interest rate applicable to Advances. 

 

	 	2.1.5	Cash Management Services Sublimit. 

 Borrower may use the Revolving Line for Bank’s
cash management services, which may include merchant services, direct deposit of payroll, business credit card, and check cashing services identified in Bank’s various cash management services agreements (collectively, the “Cash
Management Services”), in an aggregate amount not to exceed the lesser of (A) One Million Dollars ($1,000,000), minus (i) the Dollar Equivalent of the face amount of any outstanding Letters of Credit (including drawn but
unreimbursed Letters of Credit), and minus (ii) the FX Reduction Amount, or (B) the lesser of Revolving Line or the Borrowing Base, minus (i) the sum of all outstanding principal amounts of any Advances, minus the Dollar Equivalent of
the face amount of any outstanding Letters of Credit (including drawn but unreimbursed Letters of Credit), and minus (ii) the FX Reduction Amount. Any amounts Bank pays on behalf of Borrower for any Cash Management Services will be treated as
Advances under the Revolving Line and will accrue interest at the interest rate applicable to Advances. 
  

	 	2.2	Overadvances. 

 If, at any time, the sum of (a) the outstanding principal amount of
any Advances (including any amounts used for Cash Management Services), plus (b) the face amount of any outstanding Letters of Credit (including drawn but unreimbursed Letters of Credit), plus (c) the FX Reduction Amount (such sum being an
“Overadvance”) exceeds the lesser of either the 

  
 4. 

 
Revolving Line or the Borrowing Base, Borrower shall immediately pay to Bank in cash such Overadvance. Without limiting Borrower’s obligation to repay Bank any amount of the Overadvance,
Borrower agrees to pay Bank interest on the outstanding amount of any Overadvance, on demand, at the Default Rate. 
  

	 	2.3	Payment of Interest on the Credit Extensions. 

 (a) Interest Rate. 

(i) Growth Capital Advances. Subject to Section 2.3(b), the principal amount outstanding for each Growth Capital Advance shall
accrue interest at a fixed per annum rate equal to the greater of either (A) the Prime Rate (fixed as of the Funding Date of each Growth Capital Advance), plus two percent (2.00%) or (B) six percent (6.00%), which interest shall be
payable monthly in accordance with Section 2.3(f) below. 
 (ii) Advances. Subject to Section 2.3(b), the principal amount
outstanding under the Revolving Line shall accrue interest at a floating per annum rate equal to the Prime Rate, plus one and one half of one percent (1.50%), which interest shall be payable monthly in accordance with Section 2.3(f) below. 

(b) Default Rate. Immediately upon the occurrence and during the continuance of an Event of Default, Obligations shall bear interest at
a rate per annum which is five percentage points (5.00%) above the rate that is otherwise applicable thereto (the “Default Rate”) unless Bank otherwise elects from time to time in its sole discretion to impose a smaller
increase. Fees and expenses which are required to be paid by Borrower pursuant to the Loan Documents (including, without limitation, Bank Expenses) but are not paid when due shall bear interest until paid at a rate equal to the highest rate
applicable to the Obligations. Payment or acceptance of the increased interest rate provided in this Section 2.3(b) is not a permitted alternative to timely payment and shall not constitute a waiver of any Event of Default or otherwise
prejudice or limit any rights or remedies of Bank. 
 (c) Adjustment to Interest Rate. Changes to the interest rate of any Credit
Extension based on changes to the Prime Rate shall be effective on the effective date of any change to the Prime Rate and to the extent of any such change. 

(d) Debit of Accounts. Bank may debit any of Borrower’s deposit accounts, including the Designated Deposit Account, for principal
and interest payments or any other amounts Borrower owes Bank when due. These debits shall not constitute a set-off. 
 (e)
Collections. Subject to the terms of Section 2.6(b), at all times that Borrower is not operating under a Streamline Period, Collections deposited into the Cash Collateral Account (or Lockbox, as applicable) will be credited on a daily
basis, within three (3) days of receipt of such amounts by Bank, to the outstanding Obligations under the Revolving Line, but if there is an Event of Default, Bank may apply Collections to the Obligations in any order it chooses. 

(f) Payment; Interest Computation. Interest is payable monthly on the last calendar day of each month and shall be computed on the basis
of a 360-day year for the actual 

  
 5. 

 
number of days elapsed. In computing interest, (i) all Payments received after 12:00 p.m. Pacific time on any day shall be deemed received at the opening of business on the next Business
Day, and (ii) the date of the making of any Credit Extension shall be included and the date of payment shall be excluded; provided, however, that if any Credit Extension is repaid on the same day on which it is made, such day shall be
included in computing interest on such Credit Extension. Bank shall not, however, be required to credit Borrower’s account for the amount of any item of payment which is unsatisfactory to Bank in its good faith business judgment, and Bank may
charge Borrower’s Designated Deposit Account for the amount of any item of payment which is returned to Bank unpaid. 
  

	 	2.4	Fees. 

 Borrower shall pay to Bank: 

(a) Commitment Fee. A fully earned, non-refundable commitment fee of Forty Thousand Dollars ($40,000) (the “Commitment
Fee”), on the Effective Date; 
 (b) Good Faith Deposit. Borrower has paid to Bank a good faith deposit of Forty Thousand
Dollars ($40,000) (the “Good Faith Deposit”) to initiate Bank’s due diligence review process. Any portion of the Good Faith Deposit not utilized to pay Bank Expenses, accrued on or before the Effective Date, will be applied to
the Commitment Fee; 
 (c) Letter of Credit Fee. Bank’s customary fees and expenses for the issuance or renewal of Letters of
Credit, upon the issuance of such Letter of Credit, each anniversary of the issuance during the term of such Letter of Credit, and upon the renewal of such Letter of Credit by Bank; 

(d) Final Payment. The Final Payment, when due pursuant to the terms of Sections 2.1.1(c), 2.1.l(d) and 2.1.1(e); and 

(e) Bank Expenses. All Bank Expenses (including reasonable attorneys’ fees and expenses for documentation and negotiation of this
Agreement) incurred through and after the Effective Date, when due. 
  

	 	2.5	Payments. 

 All payments (including prepayments) to be made by Borrower under any Loan
Document shall be made in immediately available funds in U.S. Dollars, without setoff or counterclaim, before 12:00 p.m. Pacific time on the date when due. Payments of principal and/or interest received after 12:00 p.m. Pacific time are considered
received at the opening of business on the next Business Day. When a payment is due on a day that is not a Business Day, the payment shall be due the next Business Day, and additional fees or interest, as applicable, shall continue to accrue until
paid. 
  

	 	2.6	Cash Collateral Account; Lockbox; Account Collection Services. 

 (a) Borrower shall
direct each Account Debtor (and each depository institution where proceeds of Accounts are on deposit) to (i) remit payments (including, but 

  
 6. 

 
limited to, check collections) with respect to the Accounts and (ii) wire transfer all automatic clearing house and wire payments with respect to the Accounts, to a cash collateral account
that Bank controls (the “Cash Collateral Account”). It will be considered an immediate Event of Default if the Cash Collateral Account is not set-up and operational within five (5) days after the Effective Date. Notwithstanding
the foregoing, as and when directed by Bank from time to time, at Bank’s option and at the sole and exclusive discretion of Bank (regardless of whether an Event of Default has occurred) and subject to Bank’s quarterly review of
Borrower’s check collections, Borrower shall direct each Account Debtor (and each depository institution where proceeds of Accounts are on deposit) to remit all other checks and other payments with respect to the Accounts to a lockbox account
established with Bank (the “Lockbox”). It will be considered an immediate Event of Default if the Lockbox is not set-up and operational within forty-five (45) days from the date of such direction by Bank. 

(b) Until the Cash Collateral Account is established, the proceeds of the Accounts shall be paid by the Account Debtors to an address consented
to by Bank. Upon receipt by Borrower of proceeds of the Accounts paid by the Account Debtors, Borrower shall immediately transfer and deliver same to Bank, along with a detailed cash receipts journal. Provided (i) no Event of Default exists or
an event that with notice or lapse of time will be an Event of Default and (ii) during a Streamline Period, within three (3) days of receipt of such amounts by Bank, Bank will deposit into Borrower’s depository account with Bank or
Bank’s Affiliates the proceeds of the Accounts. This Section does not impose any affirmative duty on Bank to perform any act other than as specifically set forth herein. All Accounts and the proceeds thereof are Collateral and if an Event of
Default occurs, Bank may apply the proceeds of such Accounts to the Obligations. 
  

	 	3	CONDITIONS OF LOANS 

  

	 	3.1	Conditions Precedent to Initial Credit Extension. 

 Bank’s obligation to make the
initial Credit Extension is subject to the condition precedent that Bank shall have received, in form and substance satisfactory to Bank, such documents, and completion of such other matters, as Bank may reasonably deem necessary or appropriate,
including, without limitation: 
 (a) duly executed original signatures to the Loan Documents; 

(b) duly executed original signatures to the Warrant; 

(c) duly executed original signatures to the Control Agreement; 

(d) duly executed original signatures to the Stock Pledge Agreement; 

(e) undated and blank Stock Powers for shares of Bermuda Subsidiary; 

(f) Borrower’s Operating Documents and a good standing certificate of Borrower certified by the Secretary of State of the State of
Delaware as of a date no earlier than thirty (30) days prior to the Effective Date; 

  
 7. 

 (g) duly executed original signatures to the completed Borrowing Resolutions for Borrower; 

(h) certified copies, dated as of a recent date, of financing statement searches, as Bank shall request, accompanied by written evidence
(including any UCC termination statements) that the Liens indicated in any such financing statements either constitute Permitted Liens or have been or, in connection with the initial Credit Extension, will be terminated or released; 

(i) the Perfection Certificate of Borrower, together with the duly executed original signature thereto; 

(j) a copy of its Registration Rights Agreement/Investors’ Rights Agreement and any amendments thereto; 

(k) evidence satisfactory to Bank that the insurance policies required by Section 6.7 hereof are in full force and effect, together with
appropriate evidence showing lender loss payable and/or additional insured clauses or endorsements in favor of Bank; and 
 (l) payment of
the fees and Bank Expenses then due as specified in Section 2.4 hereof. 
  

	 	3.2	Conditions Precedent to all Credit Extensions. 

 Bank’s obligations to make each
Credit Extension, including the initial Credit Extension, is subject to the following conditions precedent: 
 (a) except as otherwise
provided in Section 3.5, timely receipt of an executed Transaction Report or Payment/Advance Form; 
 (b) the representations and
warranties in this Agreement shall be true, accurate, and complete in all material respects on the date of the Transaction Report or Payment/Advance Form and on the Funding Date of each Credit Extension; provided, however, that such materiality
qualifier shall not be applicable to any representations and warranties that already are qualified or modified by materiality in the text thereof; and provided, further that those representations and warranties expressly referring to a specific date
shall be true, accurate and complete in all material respects as of such date, and no Event of Default shall have occurred and be continuing or result from the Credit Extension. Each Credit Extension is Borrower’s representation and warranty on
that date that the representations and warranties in this Agreement remain true, accurate, and complete in all material respects; provided, however, that such materiality qualifier shall not be applicable to any representations and warranties that
already are qualified or modified by materiality in the text thereof; and provided, further that those representations and warranties expressly referring to a specific date shall be true, accurate and complete in all material respects as of such
date; and 
 (c) in Bank’s sole discretion, there has not been a Material Adverse Change. 

  
 8. 

	 	3.3	Post-Closing Conditions. 

 Unless otherwise provided in writing, within forty-five
(45) days after the Effective Date, Bank shall have received, in form and substance satisfactory to Bank, the original stock certificates of Bermuda Subsidiary. 
  

	 	3.4	Covenant to Deliver. 

 Except as otherwise provided in Section 3.3, Borrower agrees
to deliver to Bank each item required to be delivered to Bank under this Agreement as a condition precedent to any Credit Extension. Borrower expressly agrees that a Credit Extension made prior to the receipt by Bank of any such item shall not
constitute a waiver by Bank of Borrower’s obligation to deliver such item, and the making of any Credit Extension in the absence of a required item shall be in Bank’s sole discretion. 

 

	 	3.5	Procedures for Borrowing. 

 (a) Growth Capital Advances. Subject to the prior
satisfaction of all other applicable conditions to the making of a Growth Capital Advance set forth in this Agreement, to obtain a Growth Capital Advance, Borrower shall notify Bank (which notice shall be irrevocable) by electronic mail, facsimile,
or telephone by 12:00 p.m. Pacific time on the Funding Date of the Growth Capital Advance. Together with such notification, Borrower must promptly deliver to Bank by electronic mail or facsimile a completed Payment/Advance Form executed by a
Responsible Officer or his or her designee. Bank shall credit Growth Capital Advances to the Designated Deposit Account. Bank may make Growth Capital Advances under this Agreement based on instructions from a Responsible Officer or his or her
designee or without instructions if the Growth Capital Advances are necessary to meet Obligations which have become due. Bank may rely on any telephone notice given by a person whom Bank believes is a Responsible Officer or designee. 

(b) Advances. Subject to the prior satisfaction of all other applicable conditions to the making of an Advance set forth in this
Agreement, to obtain an Advance (other than Advances under Sections 2.1.3 or 2.1.5), Borrower shall notify Bank (which notice shall be irrevocable) by electronic mail, facsimile, or telephone by 12:00 p.m. Pacific time on the Funding Date of the
Advance. Together with such notification, Borrower must promptly deliver to Bank by electronic mail or facsimile a completed Transaction Report executed by a Responsible Officer or his or her designee. Bank shall credit Advances to the Designated
Deposit Account. Bank may make Advances under this Agreement based on instructions from a Responsible Officer or his or her designee or without instructions if the Advances are necessary to meet Obligations which have become due. Bank may rely on
any telephone notice given by a person whom Bank believes is a Responsible Officer or designee. 
  

	 	4	CREATION OF SECURITY INTEREST 

  

	 	4.1	Grant of Security Interest. 

 Borrower hereby grants Bank, to secure the payment and
performance in full of all of the Obligations, a continuing security interest in, and pledges to Bank, the Collateral, wherever located, whether now owned or hereafter acquired or arising, and all proceeds and products thereof. 

  
 9. 

	 	4.2	Priority of Security Interest. 

 Borrower represents, warrants, and covenants that the
security interest granted herein is and shall at all times continue to be a first priority perfected security interest in the Collateral (subject only to Permitted Liens that may have superior priority to Bank’s Lien under this Agreement). If
Borrower shall acquire a commercial tort claim, Borrower shall promptly notify Bank in a writing signed by Borrower of the general details thereof and grant to Bank in such writing a security interest therein and in the proceeds thereof, all upon
the terms of this Agreement, with such writing to be in form and substance reasonably satisfactory to Bank. 
 If this Agreement is
terminated, Bank’s Lien in the Collateral shall continue until the Obligations (other than inchoate indemnity obligations and any of Borrower’s obligations arising from the Warrant) are repaid in full in cash. Upon payment in full in cash
of the Obligations (other than inchoate indemnity obligations and any of Borrower’s obligations arising from the Warrant) and at such time as Bank’s obligation to make Credit Extensions has terminated, Bank shall, at Borrower’s sole
cost and expense, release its Liens in the Collateral and all rights therein shall revert to Borrower. 
  

	 	4.3	Authorization to File Financing Statements. 

 Borrower hereby authorizes Bank to file
financing statements, without notice to Borrower, with all appropriate jurisdictions to perfect or protect Bank’s interest or rights hereunder, including a notice that any disposition of the Collateral, by either Borrower or any other Person,
shall be deemed to violate the rights of Bank under the Code. Any such financing statements may indicate the Collateral as is as set forth on Exhibit A hereto. 
  

	 	5	REPRESENTATIONS AND WARRANTIES 

 Borrower represents and warrants as follows: 

 

	 	5.1	Due Organization, Authorization; Power and Authority. 

 Borrower is duly existing and in
good standing as a Registered Organization in its jurisdiction of formation and is qualified and licensed to do business and is in good standing in any jurisdiction in which the conduct of its business or its ownership of property requires that it
be qualified except where the failure to do so could not reasonably be expected to have a material adverse effect on Borrower’s business. In connection with this Agreement, Borrower has delivered to Bank a completed certificate signed by
Borrower, entitled “Perfection Certificate”. Borrower represents and warrants to Bank that (a) Borrower’s exact legal name is that indicated on the Perfection Certificate and on the signature page hereof; (b) Borrower is an
organization of the type and is organized in the jurisdiction set forth in the Perfection Certificate; (c) the Perfection Certificate accurately sets forth Borrower’s organizational identification number or accurately states that Borrower
has none; (d) the Perfection Certificate accurately sets forth Borrower’s place of business, or, if more than one, its chief executive office as well as Borrower’s mailing address (if different than its chief executive office);
(e) Borrower (and each 

  
 10. 

 
of its predecessors) has not, in the past five (5) years, changed its jurisdiction of formation, organizational structure or type, or any organizational number assigned by its jurisdiction;
and (f) all other information set forth on the Perfection Certificate pertaining to Borrower and each of its Subsidiaries is accurate and complete (it being understood and agreed that Borrower may from time to time update certain information in
the Perfection Certificate after the Effective Date to the extent permitted by one or more specific provisions in this Agreement). If Borrower is not now a Registered Organization but later becomes one, Borrower shall promptly notify Bank of such
occurrence and provide Bank with Borrower’s organizational identification number. 
 The execution, delivery and performance by
Borrower of the Loan Documents to which it is a party have been duly authorized, and do not (i) conflict with any of Borrower’s organizational documents, (ii) contravene, conflict with, constitute a default under or violate any
material Requirement of Law, (iii) contravene, conflict or violate any applicable order, writ, judgment, injunction, decree, determination or award of any Governmental Authority by which Borrower or any of its Subsidiaries or any of their
property or assets may be bound or affected, (iv) require any action by, filing, registration, or qualification with, or Governmental Approval from, any Governmental Authority (except such Governmental Approvals which have already been obtained
and are in full force and effect) or (v) constitute an event of default under any material agreement by which Borrower is bound. Borrower is not in default under any agreement to which it is a party or by which it is bound in which the default
could reasonably be expected to have a material adverse effect on Borrower’s business. 
  

	 	5.2	Collateral. 

 Borrower has good title to, has rights in, and the power to transfer each
item of the Collateral upon which it purports to grant a Lien hereunder, free and clear of any and all Liens except Permitted Liens. Borrower has no deposit accounts other than the deposit accounts with Bank, the deposit accounts, if any, described
in the Perfection Certificate delivered to Bank in connection herewith, or of which Borrower has given Bank notice and taken such actions as are necessary to give Bank a perfected security interest therein. The Accounts are bona fide, existing
obligations of the Account Debtors. 
 The Collateral is not in the possession of any third party bailee (such as a warehouse) except as
otherwise provided in the Perfection Certificate. None of the components of the Collateral shall be maintained at locations other than as provided in the Perfection Certificate or as permitted pursuant to Section 7.2. 

All Inventory is in all material respects of good and marketable quality, free from material defects. 

Borrower and each Subsidiary of Borrower is the sole owner of the Intellectual Property which it owns or purports to own except for
(a) non-exclusive licenses granted to its customers in the ordinary course of business, (b) over-the-counter software that is commercially available to the public, and (c) material Intellectual Property licensed to Borrower and its
Subsidiaries and noted on the Perfection Certificate. Each Patent which Borrower and each Subsidiary owns or purports to own and which is material to Borrower’s or any Subsidiary’s business is valid and enforceable, and no part of the
Intellectual Property which Borrower or any Subsidiary owns or 

  
 11. 

 
purports to own and which is material to Borrower’s or any Subsidiary’s business has been judged invalid or unenforceable, in whole or in part. To the best of Borrower’s knowledge,
no claim has been made that any part of the Intellectual Property violates the rights of any third party except to the extent such claim would not reasonably be expected to have a material adverse effect on Borrower’s or any Subsidiary’s
business. Except as noted on the Perfection Certificate, Borrower and its Subsidiaries are not a party to, nor are bound by, any Restricted License. 
  

	 	5.3	Accounts Receivable. 

 (a) For each Account with respect to which Advances are requested,
on the date each Advance is requested and made, such Account shall be an Eligible Account. 
 (b) All statements made and all unpaid balances
appearing in all invoices, instruments and other documents evidencing the Eligible Accounts are and shall be true and correct and all such invoices, instruments and other documents, and all of Borrower’s Books are genuine and in all respects
what they purport to be. Whether or not an Event of Default has occurred and is continuing, Bank may notify any Account Debtor owing Borrower money of Bank’s security interest in such funds and verify the amount of such Eligible Account. All
sales and other transactions underlying or giving rise to each Eligible Account shall comply in all material respects with all applicable laws and governmental rules and regulations. Borrower has no knowledge of any actual or imminent Insolvency
Proceeding of any Account Debtor whose accounts are Eligible Accounts in any Transaction Report. To the best of Borrower’s knowledge, all signatures and endorsements on all documents, instruments, and agreements relating to all Eligible
Accounts are genuine, and all such documents, instruments and agreements are legally enforceable in accordance with their terms. 
  

	 	5.4	Litigation. 

 There are no actions or proceedings pending or, to the knowledge of the
Responsible Officers, threatened in writing by or against Borrower or any of its Subsidiaries involving more than One Hundred Thousand Dollars ($100,000), individually or in the aggregate, One Hundred Thousand Dollars ($100,000). 

 

	 	5.5	Financial Statements; Financial Condition. 

 All consolidated financial statements for
Borrower and any of its Subsidiaries delivered to Bank fairly present in all material respects Borrower’s consolidated financial condition and Borrower’s consolidated results of operations. There has not been any material deterioration in
Borrower’s consolidated financial condition since the date of the most recent financial statements submitted to Bank. 
  

	 	5.6	Solvency. 

 The fair salable value of Borrower’s assets (including goodwill minus
disposition costs) exceeds the fair value of its liabilities; Borrower is not left with unreasonably small capital after the transactions in this Agreement; and Borrower is able to pay its debts (including trade debts) as they mature. 

  
 12. 

	 	5.7	Regulatory Compliance. 

 Borrower is not an “investment company” or a company
“controlled” by an “investment company” under the Investment Company Act of 1940, as amended. Borrower is not engaged as one of its important activities in extending credit for margin stock (under Regulations X, T and U of the
Federal Reserve Board of Governors). Borrower has complied in all material respects with the Federal Fair Labor Standards Act. Neither Borrower nor any of its Subsidiaries is a “holding company” or an “affiliate” of a
“holding company” or a “subsidiary company” of a “holding company” as each term is defined and used in the Public Utility Holding Company Act of 2005. Borrower has not violated any laws, ordinances or rules, the
violation of which could reasonably be expected to have a material adverse effect on its business. None of Borrower’s or any of its Subsidiaries’ properties or assets has been used by Borrower or any Subsidiary or, to the best of
Borrower’s knowledge, by previous Persons, in disposing, producing, storing, treating, or transporting any hazardous substance other than legally. Borrower and each of its Subsidiaries have obtained all consents, approvals and authorizations
of, made all declarations or filings with, and given all notices to, all Governmental Authorities that are necessary to continue their respective businesses as currently conducted. 

 

	 	5.8	Subsidiaries; Investments. 

 Borrower does not own any stock, partnership interest or
other equity securities except for Permitted Investments. 
  

	 	5.9	Tax Returns and Payments; Pension Contributions. 

 Borrower has timely filed all required
tax returns and reports, and Borrower has timely paid all foreign, federal, state and local taxes, assessments, deposits and contributions owed by Borrower. Borrower may defer payment of any contested taxes, provided that Borrower (a) in good
faith contests its obligation to pay the taxes by appropriate proceedings promptly and diligently instituted and conducted, (b) notifies Bank in writing of the commencement of, and any material development in, the proceedings, (c) posts
bonds or takes any other steps required to prevent the Governmental Authority levying such contested taxes from obtaining a Lien upon any of the Collateral that is other than a “Permitted Lien”. Borrower is unaware of any claims or
adjustments proposed for any of Borrower’s prior tax years which could result in additional taxes becoming due and payable by Borrower. Borrower has paid all amounts necessary to fund all present pension, profit sharing and deferred
compensation plans in accordance with their terms, and Borrower has not withdrawn from participation in, and has not permitted partial or complete termination of, or permitted the occurrence of any other event with respect to, any such plan which
could reasonably be expected to result in any liability of Borrower, including any liability to the Pension Benefit Guaranty Corporation or its successors or any other governmental agency. 

 

	 	5.10	Use of Proceeds. 

 Borrower shall use the proceeds of the Credit Extensions solely as
working capital and to fund its general business requirements and not for personal, family, household or agricultural purposes; provided, however, notwithstanding the foregoing, the proceeds of the Tranche B Advances shall be used solely for
financing Eligible Purchase Orders. 

  
 13. 

	 	5.11	Full Disclosure. 

 No written representation, warranty or other statement of Borrower in
any certificate or written statement given to Bank, as of the date such representation, warranty, or other statement was made, taken together with all such written certificates and written statements given to Bank, contains any untrue statement of a
material fact or omits to state a material fact necessary to make the statements contained in the certificates or statements not misleading (it being recognized by Bank that the projections and forecasts provided by Borrower in good faith and based
upon reasonable assumptions are not viewed as facts and that actual results during the period or periods covered by such projections and forecasts may differ from the projected or forecasted results). 

 

	 	5.12	Definition of “Knowledge.” 

 For purposes of the Loan Documents, whenever a
representation or warranty is made to Borrower’s knowledge or awareness, to the “best of” Borrower’s knowledge, or with a similar qualification, knowledge or awareness means the actual knowledge, after reasonable investigation,
of the Responsible Officers. 
  

	 	6	AFFIRMATIVE COVENANTS 

 Borrower shall do all of the following: 

 

	 	6.1	Government Compliance. 

 (a) Maintain its and all its Subsidiaries’ legal existence
and good standing in their respective jurisdictions of formation and maintain qualification in each jurisdiction in which the failure to so qualify would reasonably be expected to have a material adverse effect on Borrower’s business or
operations. Borrower shall comply, and have each Subsidiary comply, with all laws, ordinances and regulations to which it is subject, noncompliance with which could reasonably expected to have a material adverse effect on Borrower’s business.

 (b) Use commercially reasonable efforts to obtain all of the Governmental Approvals necessary for the performance by Borrower of its
obligations under the Loan Documents to which it is a party and the grant of a security interest to Bank in all of its property. Borrower shall promptly provide copies of any such obtained Governmental Approvals to Bank. 

 

	 	6.2	Financial Statements, Reports, Certificates. 

 Provide Bank with the following: 

(a) at all times that any Advances are outstanding, a Transaction Report (and any schedules related thereto) each week; provided, however, that
during a Streamline Period, provided no Event of Default has occurred and is continuing, such Transaction Report (and any schedules related thereto) shall be required to be provided to Bank within thirty (30) days after the last day of each
month, rather than on a weekly basis; 

  
 14. 

 (b) within thirty (30) days after the end of each month, (A) monthly accounts
receivable agings, aged by invoice date, (B) monthly accounts payable agings, aged by invoice date, and outstanding or held check registers, if any, and (C) monthly reconciliations of accounts receivable agings (aged by invoice date),
transaction reports and general ledger; 
 (c) as soon as available, but no later than thirty (30) days after the last day of each
month, a company prepared consolidating balance sheet and income statement covering Borrower’s and each of its Subsidiary’s operations for such month certified by a Responsible Officer and in a form acceptable to Bank (the “Monthly
Financial Statements”); 
 (d) within thirty (30) days after the last day of each month and together with the Monthly Financial
Statements, a duly completed Compliance Certificate signed by a Responsible Officer, certifying that as of the end of such month, Borrower was in full compliance with all of the terms and conditions of this Agreement, and setting forth calculations
showing compliance with the financial covenants set forth in this Agreement and such other information as Bank shall reasonably request, including, without limitation, a statement that at the end of such month there were no held checks; 

(e) within thirty (30) days after the last day of each month, a consolidated statement of the cash balances maintained in each Foreign
Deposit Account; 
 (f) within ten (10) days of approval by the Board of Directors of Borrower, (A) annual operating budgets
(including income statements, balance sheets and cash flow statements, by month) for the upcoming fiscal year of Borrower, and (B) annual financial projections for the following fiscal year (on a quarterly basis) as approved by Borrower’s
board of directors; 
 (g) as soon as available, and in any event within one hundred eighty (180) days following the end of
Borrower’s fiscal year, audited consolidating financial statements prepared under GAAP, consistently applied, together with an unqualified opinion on the financial statements from an independent certified public accounting firm acceptable to
Bank in its reasonable discretion; 
 (h) as soon as available, but no later than thirty (30) days following the end of Borrower’s
fiscal year, company prepared consolidating financial statements covering Borrower’s and each of its Subsidiary’s operations for such fiscal year certified by a Responsible Officer and in a form acceptable to Bank; 

(i) in the event that Borrower becomes subject to the reporting requirements under the Exchange Act within five (5) days of filing, copies
of all periodic and other reports, proxy statements and other materials filed by Borrower with the SEC, any Governmental Authority succeeding to any or all of the functions of the SEC or with any national securities exchange, or distributed to its
shareholders, as the case may be. Documents required to be delivered pursuant to the terms hereof (to the extent any such documents are included in materials otherwise filed with the SEC) may be delivered electronically and if so delivered, shall be
deemed to have been delivered on the date on which Borrower posts such documents, or provides a link thereto, on Borrower’s website on the Internet at Borrower’s website address; 

  
 15. 

 (j) within five (5) days of delivery, copies of all statements, reports and notices made
generally available to Borrower’s security holders or to any holders of Subordinated Debt; 
 (k) prompt report of any legal actions
pending or threatened in writing against Borrower or any of its Subsidiaries that could result in damages or costs to Borrower or any of its Subsidiaries of, individually or in the aggregate, One Hundred Thousand Dollars ($100,000) or more; and 

(l) other financial information reasonably requested by Bank. 
  

	 	6.3	Accounts Receivable. 

 (a) Schedules and Documents Relating to Accounts. Borrower
shall deliver to Bank transaction reports and schedules of collections, as provided in Section 6.2, on Bank’s standard forms; provided, however, that Borrower’s failure to execute and deliver the same shall not affect or limit
Bank’s Lien and other rights in all of Borrower’s Accounts, nor shall Bank’s failure to advance or lend against a specific Account affect or limit Bank’s Lien and other rights therein. If requested by Bank, Borrower shall furnish
Bank with copies (or, at Bank’s request, originals) of all contracts, orders, invoices, and other similar documents, and all shipping instructions, delivery receipts, bills of lading, and other evidence of delivery, for any goods the sale or
disposition of which gave rise to such Accounts. In addition, Borrower shall deliver to Bank, on its request, the originals of all instruments, chattel paper, security agreements, guarantees and other documents and property evidencing or securing
any Accounts, in the same form as received, with all necessary indorsements, and copies of all credit memos. 
 (b) Disputes. Borrower
shall promptly notify Bank of all disputes or claims relating to Accounts. Borrower may forgive (completely or partially), compromise, or settle any Account for less than payment in full, or agree to do any of the foregoing so long as
(i) Borrower does so in good faith, in a commercially reasonable manner, in the ordinary course of business, in arm’s-length transactions, and reports the same to Bank in the regular reports provided to Bank; (ii) no Event of Default
has occurred and is continuing; and (iii) after taking into account all such discounts, settlements and forgiveness, the total outstanding Advances will not exceed the lesser of the Revolving Line or the Aggregate Borrowing Base. 

(c) Collection of Accounts. Borrower shall have the right to collect all Accounts, unless and until an Event of Default has occurred and
is continuing. Bank may, in its good faith business judgment, require that all proceeds of Accounts be deposited by Borrower into a lockbox account, or such other “blocked account” as specified by Bank, pursuant to a blocked account
agreement in such form as Bank may specify in its good faith business judgment. Whether or not an Event of Default has occurred and is continuing, Borrower shall immediately deliver all payments on and proceeds of Accounts to an account maintained
with Bank to be applied (i) prior to an Event of Default, pursuant to the terms of Sections 2.3(e) and 2.6 hereof, and (ii) after the occurrence and during the continuance of an Event of Default, pursuant to the terms of Section 9.4
hereof. 

  
 16. 

 (d) Returns. Provided no Event of Default has occurred and is continuing, if any Account
Debtor returns any Inventory to Borrower with a value in excess of Two Hundred Fifty Thousand Dollars ($250,000), Borrower shall promptly (i) determine the reason for such return, (ii) issue a credit memorandum to the Account Debtor in the
appropriate amount, and (iii) provide a copy of such credit memorandum to Bank, upon request from Bank. In the event any attempted return occurs after the occurrence and during the continuance of any Event of Default, Borrower shall immediately
notify Bank of the return of the Inventory. 
 (e) Verification. Bank may, from time to time, verify directly with the respective
Account Debtors the validity, amount and other matters relating to the Accounts, either in the name of Borrower or Bank or such other name as Bank may choose. 

(f) No Liability. Bank shall not be responsible or liable for any shortage or discrepancy in, damage to, or loss or destruction of, any
goods, the sale or other disposition of which gives rise to an Account, or for any error, act, omission, or delay of any kind occurring in the settlement, failure to settle, collection or failure to collect any Account, or for settling any Account
in good faith for less than the full amount thereof, nor shall Bank be deemed to be responsible for any of Borrower’s obligations under any contract or agreement giving rise to an Account. Nothing herein shall, however, relieve Bank from
liability for its own gross negligence or willful misconduct. 
  

	 	6.4	Remittance of Proceeds. 

 Except as otherwise provided in Section 6.3(c), deliver,
in kind, all proceeds arising from the disposition of any Collateral to Bank in the original form in which received by Borrower not later than the following Business Day after receipt by Borrower, to be applied to the Obligations (1) prior to
an Event of Default, pursuant to the terms of Sections 2.3(e) and 2.6 hereof, and (2) after the occurrence and during the continuance of an Event of Default, pursuant to the terms of Section 9.4 hereof; provided that, if no Event of
Default has occurred and is continuing, Borrower shall not be obligated to remit to Bank the proceeds of the sale of surplus, worn out or obsolete Equipment disposed of by Borrower in good faith in an arm’s length transaction for an aggregate
purchase price of Two Hundred Thousand Dollars ($200,000) or less (for all such transactions in any fiscal year). Borrower agrees that it will maintain all proceeds of Collateral in an account maintained with Bank. Nothing in this Section limits the
restrictions on disposition of Collateral set forth elsewhere in this Agreement. 
  

	 	6.5	Taxes; Pensions. 

 Timely file, and require each of its Subsidiaries to timely file, all
required tax returns and reports and timely pay, and require each of its Subsidiaries to timely pay, all foreign, federal, state and local taxes, assessments, deposits and contributions owed by Borrower and each of its Subsidiaries, except for
deferred payment of any taxes contested pursuant to the terms of Section 5.9 hereof, and shall deliver to Bank, on demand, appropriate certificates attesting to such payments, and pay all amounts necessary to fund all present pension, profit
sharing and deferred compensation plans in accordance with their terms. 

  
 17. 

	 	6.6	Access to Collateral; Books and Records. 

 At reasonable times, on three
(3) Business Days’ notice (provided no notice is required if an Event of Default has occurred and is continuing), Bank, or its agents, shall have the right to inspect the Collateral and the right to audit and copy Borrower’s Books.
Provided no Event of Default has occurred and is continuing, such audits shall be conducted no more than once every twelve (12) months. Borrower hereby acknowledges that the Initial Audit will be conducted within sixty (60) days prior to
the initial Advance. The foregoing inspections and audits shall be at Borrower’s expense, and the charge therefor shall be Eight Hundred Fifty Dollars ($850) per person per day (or such higher amount as shall represent Bank’s then-current
standard charge for the same), plus reasonable out-of-pocket expenses. In the event Borrower and Bank schedule an audit more than ten (10) days in advance, and Borrower cancels or seeks to reschedules the audit with less than ten (10) days
written notice to Bank, then (without limiting any of Bank’s rights or remedies), Borrower shall pay Bank a fee of One Thousand Dollars ($1,000) plus any out-of-pocket expenses incurred by Bank to
compensate Bank for the anticipated costs and expenses of the cancellation or rescheduling. 
  

	 	6.7	Insurance. 

 Keep its business and the Collateral insured for risks and in amounts
standard for companies in Borrower’s industry and location and as Bank may reasonably request. Insurance policies shall be in a form, with companies, and in amounts that are satisfactory to Bank. All property policies shall have a lender’s
loss payable endorsement showing Bank as an additional lender loss payee and waive subrogation against Bank. All liability policies shall show, or have endorsements showing, Bank as an additional insured. All policies (or the loss payable and
additional insured endorsements) shall provide that the insurer shall give Bank at least twenty (20) days notice before canceling, amending, or declining to renew its policy. At Bank’s request, Borrower shall deliver certified copies of
policies and evidence of all premium payments. Proceeds payable under any property policy shall, at Bank’s option, be payable to Bank on account of the Obligations. Notwithstanding the foregoing, (a) so long as no Event of Default has
occurred and is continuing, Borrower shall have the option of applying the proceeds of any casualty policy up to Fifty Thousand Dollars ($50,000) with respect to any loss, but not exceeding Two Hundred Thousand Dollars ($200,000) in the aggregate
for all losses under all casualty policies in any one year, toward the replacement or repair of destroyed or damaged property; provided that any such replaced or repaired property (i) shall be of equal or like value as the replaced or repaired
Collateral and (ii) shall be deemed Collateral in which Bank has been granted a first priority security interest, and (b) after the occurrence and during the continuance of an Event of Default, all proceeds payable under such casualty
policy shall, at the option of Bank, be payable to Bank on account of the Obligations. If Borrower fails to obtain insurance as required under this Section 6.7 or to pay any amount or furnish any required proof of payment to third persons and
Bank, Bank may make all or part of such payment or obtain such insurance policies required in this Section 6.7, and take any action under the policies Bank deems prudent. 

 

	 	6.8	Operating Accounts. 

 (a) Maintain all of its and all of its Subsidiaries’ primary
operating and investment accounts with Bank and Bank’s Affiliates except for its foreign deposit accounts with 

  
 18. 

 
the banks or financial institutions listed on the Perfection Certificate (individually, a “Foreign Deposit Account”, and collectively, the “Foreign Deposit
Accounts”); provided, that the Foreign Deposit Accounts shall not contain deposits having a value of more than Two Hundred Fifty Thousand Dollars ($250,000) in the aggregate at any time, except for the Foreign Deposit Accounts of
Borrower’s Malaysia Subsidiary, which Malaysia Subsidiary may maintain an average monthly balance of deposits, tested as of the last day of each month, having a value not to exceed Three Hundred Thousand Dollars ($300,000). Notwithstanding the
foregoing, Borrower may maintain its primary operating accounts at Comerica Bank (the “Comerica Bank Accounts”) without executing and delivering Control Agreements with respect to such accounts, provided that Borrower shall close
all Comerica Bank Accounts and transfer all funds in the Comerica Bank Accounts to Bank and Bank’s Affiliates not later than sixty (60) days after the Effective Date. 

(b) Provide Bank five (5) days prior written notice before establishing any Collateral Account at or with any bank or financial
institution other than Bank or Bank’s Affiliates. For each Collateral Account that Borrower at any time maintains, Borrower shall cause the applicable bank or financial institution (other than Bank) at or with which any Collateral Account is
maintained to execute and deliver a Control Agreement or other appropriate instrument with respect to such Collateral Account to perfect Bank’s Lien in such Collateral Account in accordance with the terms hereunder which Control Agreement may
not be terminated without the prior written consent of Bank. The provisions of the previous sentence shall not apply to deposit accounts exclusively used for payroll, payroll taxes and other employee wage and benefit payments to or for the benefit
of Borrower’s employees and identified to Bank by Borrower as such. 
  

	 	6.9	Protection of Intellectual Property Rights. 

 (a) (i) Use commercially reasonable efforts
to protect, defend and maintain the validity and enforceability of its Intellectual Property and each of its Subsidiary’s Intellectual Property; (ii) promptly advise Bank in writing of material infringements of its Intellectual Property
and each of its Subsidiary’s Intellectual Property; and (iii) not allow any Intellectual Property material to Borrower’s or any Subsidiary’s business to be abandoned, forfeited or dedicated to the public without Bank’s
written consent. 
 (b) Provide written notice to Bank within thirty (30) days of entering or becoming bound by any Restricted License
(other than over-the-counter software that is commercially available to the public). Borrower shall take such steps as Bank requests to obtain the consent of, or waiver by, any person whose consent or waiver is necessary for (i) any Restricted
License to be deemed “Collateral” and for Bank to have a security interest in it that might otherwise be restricted or prohibited by law or by the terms of any such Restricted License, whether now existing or entered into in the future,
and (ii) Bank to have the ability in the event of a liquidation of any Collateral to dispose of such Collateral in accordance with Bank’s rights and remedies under this Agreement and the other Loan Documents. 

  
 19. 

	 	6.10	Litigation Cooperation. 

 From the date hereof and continuing through the termination of
this Agreement, make available to Bank, without expense to Bank, Borrower and its officers, employees and agents and Borrower’s books and records, to the extent that Bank may deem them reasonably necessary to prosecute or defend any third-party
suit or proceeding instituted by or against Bank with respect to any Collateral or relating to Borrower; provided however, that any information provided to Bank shall be subject to the confidentiality provisions set forth in Section 12.10
herein, and Borrower shall not be required to disclose any information that is of a highly confidential nature or otherwise subject to attorney-client privilege. 
  

	 	6.11	Further Assurances. 

 Execute any further instruments and take further action as Bank
reasonably requests to perfect or continue Bank’s Lien in the Collateral or to effect the purposes of this Agreement. Deliver to Bank, within five (5) days after the same are sent or received, copies of all correspondence, reports,
documents and other filings with any Governmental Authority regarding compliance with or maintenance of Governmental Approvals or Requirements of Law or that could reasonably be expected to have a material effect on any of the Governmental Approvals
or otherwise on the operations of Borrower or any of its Subsidiaries. 
  

	 	7	NEGATIVE COVENANTS 

 Borrower shall not do any of the following without
Bank’s prior written consent: 
  

	 	7.1	Dispositions. 

 Convey, sell, lease, transfer, assign, or otherwise dispose of
(collectively, “Transfer”), or permit any of its Subsidiaries to Transfer, all or any part of its business or property, except for Transfers (a) of Inventory in the ordinary course of business; (b) of worn-out or obsolete
Equipment; and (c) in connection with Permitted Liens and Permitted Investments; (d) of non-exclusive licenses for the use of the property of Borrower or its Subsidiaries in the ordinary course of
business; and (e) of property, valued in amount not to exceed Two Hundred Thousand Dollars ($200,000) in the aggregate in any fiscal year, to Borrower’s Subsidiaries consistent with past practices of Borrower and solely within the ordinary
course of Borrower’s business. 
  

	 	7.2	Changes in Business, Management, Ownership, or Business Locations. 

 (a) Engage in or
permit any of its Subsidiaries to engage in any business other than the businesses currently engaged in by Borrower and such Subsidiary, as applicable, or reasonably related thereto; (b) liquidate or dissolve; or (c) (i) any
Responsible Officer ceases to hold such office with Borrower and a replacement satisfactory to Borrower’s Board of Directors is not made within thirty (30) days after his departure from Borrower; or (ii) enter into any transaction or
series of related transactions in which the stockholders of Borrower who were not stockholders immediately prior to the first such transaction own more than forty-nine percent (49%) of the voting stock of Borrower immediately after giving
effect to such transaction or related series of such transactions (other than by the sale of Borrower’s equity securities in a public offering or to venture capital investors so long as Borrower identifies to Bank the venture capital investors
prior to the closing of the transaction and provides to Bank a description of the material terms of the transaction). 

  
 20. 

 Borrower shall not, without at least twenty (20) days prior written notice to Bank:
(1) add any new offices or business locations, including warehouses (unless such new offices or business locations contain less than Fifty Thousand Dollars ($50,000) in Borrower’s assets or property) or deliver any portion of the
Collateral valued, individually or in the aggregate, in excess of Fifty Thousand Dollars ($50,000) to a bailee at a location other than to a bailee and at a location already disclosed in the Perfection Certificate, (2) change its jurisdiction
of organization, (3) change its organizational structure or type, (4) change its legal name, or (5) change any organizational number (if any) assigned by its jurisdiction of organization. If Borrower intends to deliver any portion of
the Collateral valued, individually or in the aggregate, in excess of Fifty Thousand Dollars ($50,000) to a bailee, and Bank and such bailee are not already parties to a bailee agreement governing both the Collateral and the location to which
Borrower intends to deliver the Collateral, then Borrower will first receive the written consent of Bank, and such bailee shall execute and deliver a bailee agreement in form and substance satisfactory to Bank in its sole discretion. 

 

	 	7.3	Mergers or Acquisitions. 

 Merge or consolidate, or permit any of its Subsidiaries to
merge or consolidate, with any other Person, or acquire, or permit any of its Subsidiaries to acquire, all or substantially all of the capital stock or property of another Person. A Subsidiary may merge or consolidate into another Subsidiary or into
Borrower; provided, however, only advance written notice to Bank (but not any consent from Bank) will be required for any of the restricted actions in this Section 7.3 if (i) all Obligations are being repaid in full as a condition to
consummation of such action, and (ii) Bank has no further obligation hereunder to make any further Advances or Growth Capital Advances. 
  

	 	7.4	Indebtedness. 

 Create, incur, assume, or be liable for any Indebtedness, or permit any
Subsidiary to do so, other than Permitted Indebtedness. 
  

	 	7.5	Encumbrance. 

 Create, incur, allow, or suffer any Lien on any of its property, or assign
or convey any right to receive income, including the sale of any Accounts, or permit any of its Subsidiaries to do so, except for Permitted Liens, permit any Collateral not to be subject to the first priority security interest granted herein, or
enter into any agreement, document, instrument or other arrangement (except with or in favor of Bank) with any Person which directly or indirectly prohibits or has the effect of prohibiting Borrower or any Subsidiary from assigning, mortgaging,
pledging, granting a security interest in or upon, or encumbering any of Borrower’s or any Subsidiary’s Intellectual Property, except as is otherwise permitted in Section 7.1 hereof and the definition of “Permitted Liens”
herein. 

  
 21. 

	 	7.6	Maintenance of Collateral Accounts. 

 Maintain any Collateral Account except pursuant to
the terms of Section 6.8(b) hereof. 
  

	 	7.7	Distributions; Investments. 

 (a) Pay any dividends or make any distribution or payment
or redeem, retire or purchase any capital stock per fiscal year; provided that (i) Borrower may convert any of its convertible securities into other securities pursuant to the terms of such convertible securities or otherwise in exchange
thereof, (ii) Borrower may pay dividends solely in common stock; and (iii) Borrower may repurchase the stock of former employees or consultants pursuant to stock repurchase agreements so long as an Event of Default does not exist at the
time of such repurchase and would not exist after giving effect to such repurchase, provided such repurchase does not exceed in the aggregate of One Hundred Fifty Thousand Dollars ($150,000) per fiscal year; or (b) directly or indirectly make
any Investment other than Permitted Investments, or permit any of its Subsidiaries to do so. 
  

	 	7.8	Transactions with Affiliates. 

 Directly or indirectly enter into or permit to exist any
material transaction with any Affiliate of Borrower, except for (a) sales of equity securities to existing investors and (b) transactions that are in the ordinary course of Borrower’s business, upon fair and reasonable terms that are
no less favorable to Borrower than would be obtained in an arm’s length transaction with a non-affiliated Person. 
  

	 	7.9	Subordinated Debt. 

 (a) Make or permit any payment on any Subordinated Debt, except
under the terms of the subordination, intercreditor, or other similar agreement to which such Subordinated Debt is subject, or (b) amend any provision in any document relating to the Subordinated Debt which would increase the amount thereof or
adversely affect the subordination thereof to Obligations owed to Bank. 
  

	 	7.10	Compliance. 

 Become an “investment company” or a company controlled by an
“investment company”, under the Investment Company Act of 1940, as amended, or undertake as one of its important activities extending credit to purchase or carry margin stock (as defined in Regulation U of the Board of Governors of the
Federal Reserve System), or use the proceeds of any Credit Extension for that purpose; fail to meet the minimum funding requirements of ERISA, permit a Reportable Event or Prohibited Transaction, as defined in ERISA, to occur; fail to comply with
the Federal Fair Labor Standards Act or violate any other law or regulation, if the violation could reasonably be expected to have a material adverse effect on Borrower’s business, or permit any of its Subsidiaries to do so; withdraw or permit
any Subsidiary to withdraw from participation in, permit partial or complete termination of, or permit the occurrence of any other event with respect to, any present pension, profit sharing and deferred compensation plan which could reasonably be
expected to result in any liability of Borrower, including any liability to the Pension Benefit Guaranty Corporation or its successors or any other governmental agency. 

  
 22. 

	 	8	EVENTS OF DEFAULT 

 Any one of the following shall constitute an event of default
(an “Event of Default”) under this Agreement: 
  

	 	8.1	Payment Default. 

 Borrower fails to (a) make any payment of principal or interest
on any Credit Extension on its due date, or (b) pay any other Obligations within three (3) Business Days after such Obligations are due and payable (which three (3) Business Day cure period shall not apply to payments due on the
Revolving Line Maturity Date). During the cure period, the failure to make or pay any payment specified under clause (a) or (b) hereunder is not an Event of Default (but no Credit Extension will be made during the cure period); 

 

	 	8.2	Covenant Default. 

 (a) Borrower fails or neglects to perform any obligation in Sections
6.2, 6.5, 6.6, 6.7, 6.8, 6.9(b), or violates any covenant in Section 7; or 
 (b) Borrower fails or neglects to perform, keep, or
observe any other term, provision, condition, covenant or agreement contained in this Agreement or any Loan Documents, and as to any default (other than those specified in this Section 8) under such other term, provision, condition, covenant or
agreement that can be cured, has failed to cure the default within ten (10) days after the occurrence thereof; provided, however, that if the default cannot by its nature be cured within the ten (10) day period or cannot after diligent
attempts by Borrower be cured within such ten (10) day period, and such default is likely to be cured within a reasonable time, then Borrower shall have an additional period (which shall not in any case exceed thirty (30) days) to attempt
to cure such default, and within such reasonable time period the failure to cure the default shall not be deemed an Event of Default (but no Credit Extensions shall be made during such cure period). Cure periods provided under this section shall not
apply, among other things, to financial covenants or any other covenants set forth in clause (a) above; 
  

	 	8.3	Continued Investor Support. 

 Bank determines in its good faith judgment that it is the
clear intention of Borrower’s investors to not continue to fund the Borrower in the amounts and timeframe necessary to enable Borrower to satisfy the Obligations as they become due and payable; 

 

	 	8.4	Priority of Bank’s Security Interest. 

 There is a material impairment in the
perfection or priority of the Bank’s security interest in the Collateral; 
  

	 	8.5	Attachment; Levy; Restraint on Business. 

 (a) (i) The service of process seeking to
attach, by trustee or similar process, any funds of Borrower or of any entity under the control of Borrower (including a Subsidiary) on deposit or otherwise maintained with Bank or any Bank Affiliate, or (ii) a notice of lien or levy is

  
 23. 

 
filed against any of Borrower’s assets by any government agency, and the same under subclauses (i) and (ii) hereof are not, within ten (10) days after the occurrence thereof,
discharged or stayed (whether through the posting of a bond or otherwise); provided, however, no Credit Extensions shall be made during any ten (10) day cure period; or 

(b) (i) any material portion of Borrower’s assets is attached, seized, levied on, or comes into possession of a trustee or receiver, or
(ii) any court order enjoins, restrains, or prevents Borrower from conducting any material part of its business; 
  

	 	8.6	Insolvency. 

 (a) Borrower is unable to pay its debts (including trade debts) as they
become due or otherwise becomes insolvent; (b) Borrower begins an Insolvency Proceeding; or (c) an Insolvency Proceeding is begun against Borrower and not dismissed or stayed within forty-five (45) days (but no Credit Extensions shall
be made while of any of the conditions described in clause (a) exist and/or until any Insolvency Proceeding is dismissed); 
  

	 	8.7	Other Agreements. 

 There is, under any agreement to which Borrower is a party with a
third party or parties, (a) any default resulting in a right by such third party or parties, whether or not exercised, to accelerate the maturity of any Indebtedness in an amount individually or in the aggregate in excess of One Hundred
Thousand Dollars ($100,000); or (b) any default by Borrower or guarantor, the result of which could have a material adverse effect on Borrower’s business; 
  

	 	8.8	Judgments. 

 One or more final judgments, orders, or decrees for the payment of money in
an amount, individually or in the aggregate, of at least One Hundred Thousand Dollars ($100,000) (not covered by independent third-party insurance as to which liability has been accepted by such insurance carrier) shall be rendered against Borrower
and the same are not, within ten (10) days after the entry thereof, discharged or execution thereof stayed or bonded pending appeal, or such judgments are not discharged prior to the expiration of any such stay (provided that no Credit
Extensions will be made prior to the discharge, stay, or bonding of such judgment, order, or decree); 
  

	 	8.9	Misrepresentations. 

 Borrower or any Person acting for Borrower makes any
representation, warranty, or other statement now or later in this Agreement, any Loan Document or in any writing delivered to Bank or to induce Bank to enter this Agreement or any Loan Document, and such representation, warranty, or other statement
is incorrect in any material respect when made; 
  

	 	8.10	Subordinated Debt. 

 Any document, instrument, or agreement evidencing the subordination
of any Subordinated Debt shall for any reason be revoked or invalidated or otherwise cease to be in full force and effect, any Person shall be in breach thereof or contest in any manner the validity or enforceability thereof or deny that it has any
further liability or obligation thereunder, or the Obligations shall for any reason be subordinated or shall not have the priority contemplated by this Agreement; or 

  
 24. 

	 	8.11	Governmental Approvals. 

 Any Governmental Approval material to Borrower’s business
shall have been (a) revoked, rescinded, suspended, modified in an adverse manner or not renewed in the ordinary course for a full term or (b) subject to any decision by a Governmental Authority that designates a hearing with respect to any
applications for renewal of any of such Governmental Approval or that could result in the Governmental Authority taking any of the actions described in clause (a) above, and such decision or such revocation, rescission, suspension, modification
or non-renewal (i) has, or could reasonably be expected to have, a Material Adverse Change, or (ii) adversely affects the legal qualifications of Borrower or any of its Subsidiaries to hold such Governmental Approval in any applicable
jurisdiction and such revocation, rescission, suspension, modification or non-renewal could reasonably be expected to affect the status of or legal qualifications of Borrower or any of its Subsidiaries to hold any Governmental Approval in any other
jurisdiction. 
  

	 	9	BANK’S RIGHTS AND REMEDIES 

  

	 	9.1	Rights and Remedies. 

 While an Event of Default occurs and continues Bank may, without
notice or demand, do any or all of the following: 
 (a) declare all Obligations immediately due and payable (but if an Event of Default
described in Section 8.6 occurs all Obligations are immediately due and payable without any action by Bank); 
 (b) stop advancing money
or extending credit for Borrower’s benefit under this Agreement or under any other agreement between Borrower and Bank; 
 (c) demand
that Borrower (i) deposit cash with Bank in an amount equal to one hundred five percent (105%) of the Dollar Equivalent of the aggregate face amount of all Letters of Credit remaining undrawn (plus all interest, fees, and costs due or to
become due in connection therewith (as estimated by Bank in its good faith business judgment)), to secure all of the Obligations relating to such Letters of Credit, as collateral security for the repayment of any future drawings under such Letters
of Credit, and Borrower shall forthwith deposit and pay such amounts, and (ii) pay in advance all letter of credit fees scheduled to be paid or payable over the remaining term of any Letters of Credit; 

(d) terminate any FX Forward Contracts; 

(e) settle or adjust disputes and claims directly with Account Debtors for amounts on terms and in any order that Bank considers advisable,
notify any Person owing Borrower money of Bank’s security interest in such funds, and verify the amount of such account; 

  
 25. 

 (f) make any payments and do any acts it considers necessary or reasonable to protect the
Collateral and/or its security interest in the Collateral. Borrower shall assemble the Collateral if Bank requests and make it available as Bank designates. Bank may enter premises where the Collateral is located, take and maintain possession of any
part of the Collateral, and pay, purchase, contest, or compromise any Lien which appears to be prior or superior to its security interest and pay all expenses incurred. Borrower grants Bank a license to enter and occupy any of its premises, without
charge, to exercise any of Bank’s rights or remedies; 
 (g) apply to the Obligations any (i) balances and deposits of Borrower it
holds, or (ii) any amount held by Bank owing to or for the credit or the account of Borrower; 
 (h) ship, reclaim, recover, store,
finish, maintain, repair, prepare for sale, advertise for sale, and sell the Collateral. Bank is hereby granted a non-exclusive, royalty-free license or other right to use, without charge, Borrower’s labels, Patents, Copyrights, mask works,
rights of use of any name, trade secrets, trade names, Trademarks, and advertising matter, or any similar property as it pertains to the Collateral, in completing production of, advertising for sale, and selling any Collateral and, in connection
with Bank’s exercise of its rights under this Section, Borrower’s rights under all licenses and all franchise agreements inure to Bank’s benefit; 

(i) place a “hold” on any account maintained with Bank and/or deliver a notice of exclusive control, any entitlement order, or other
directions or instructions pursuant to any Control Agreement or similar agreements providing control of any Collateral; 
 (j) demand and
receive possession of Borrower’s Books; and 
 (k) exercise all rights and remedies available to Bank under the Loan Documents or at law
or equity, including all remedies provided under the Code (including disposal of the Collateral pursuant to the terms thereof). 
  

	 	9.2	Power of Attorney. 

 Borrower hereby irrevocably appoints Bank as its lawful
attorney-in-fact, exercisable upon the occurrence and during the continuance of an Event of Default, to: (a) endorse Borrower’s name on any checks or other forms of payment or security; (b) sign Borrower’s name on any invoice or
bill of lading for any Account or drafts against Account Debtors; (c) settle and adjust disputes and claims about the Accounts directly with Account Debtors, for amounts and on terms Bank determines reasonable; (d) make, settle, and adjust
all claims under Borrower’s insurance policies; (e) pay, contest or settle any Lien, charge, encumbrance, security interest, and adverse claim in or to the Collateral, or any judgment based thereon, or otherwise take any action to
terminate or discharge the same; and (f) transfer the Collateral into the name of Bank or a third party as the Code permits. Borrower hereby appoints Bank as its lawful attorney-in-fact to sign Borrower’s name on any documents necessary to
perfect or continue the perfection of Bank’s security interest in the Collateral regardless of whether an Event of Default has occurred until all Obligations have been satisfied in full (not including inchoate indemnity obligations and any of
Borrower’s obligations arising from the Warrant) and Bank is under no further obligation to make Credit Extensions hereunder. Bank’s foregoing appointment as Borrower’s attorney in 

  
 26. 

 
fact, and all of Bank’s rights and powers, coupled with an interest, are irrevocable until all Obligations have been fully repaid and performed (not including inchoate indemnity obligations
and any of Borrower’s obligations arising from the Warrant) and Bank’s obligation to provide Credit Extensions terminates. 
  

	 	9.3	Protective Payments. 

 If Borrower fails to obtain the insurance called for by
Section 6.7 or fails to pay any premium thereon or fails to pay any other amount which Borrower is obligated to pay under this Agreement or any other Loan Document, Bank may obtain such insurance or make such payment, and all amounts so paid by
Bank are Bank Expenses and immediately due and payable, bearing interest at the then highest rate applicable to the Obligations, and secured by the Collateral. Bank will make reasonable efforts to provide Borrower with notice of Bank obtaining such
insurance at the time it is obtained or within a reasonable time thereafter. No payments by Bank are deemed an agreement to make similar payments in the future or Bank’s waiver of any Event of Default. 

 

	 	9.4	Application of Payments and Proceeds. 

 Borrower shall have no right to specify the order
or the accounts to which Bank shall allocate or apply any payments required to be made by Borrower to Bank or otherwise received by Bank under this Agreement when any such allocation or application is not specified elsewhere in this Agreement. If an
Event of Default has occurred and is continuing, Bank may apply any funds in its possession, whether from Borrower account balances, payments, proceeds realized as the result of any collection of Accounts or other disposition of the Collateral, or
otherwise, to the Obligations in such order as Bank shall determine in its sole discretion. Any surplus shall be paid to Borrower by credit to the Designated Deposit Account or to other Persons legally entitled thereto; Borrower shall remain liable
to Bank for any deficiency. If Bank, in its good faith business judgment, directly or indirectly enters into a deferred payment or other credit transaction with any purchaser at any sale of Collateral, Bank shall have the option, exercisable at any
time, of either reducing the Obligations by the principal amount of the purchase price or deferring the reduction of the Obligations until the actual receipt by Bank of cash therefor. 

 

	 	9.5	Bank’s Liability for Collateral. 

 So long as Bank complies with reasonable banking
practices regarding the safekeeping of the Collateral in the possession or under the control of Bank, Bank shall not be liable or responsible for: (a) the safekeeping of the Collateral; (b) any loss or damage to the Collateral;
(c) any diminution in the value of the Collateral; or (d) any act or default of any carrier, warehouseman, bailee, or other Person. Borrower bears all risk of loss, damage or destruction of the Collateral other than those losses directly
resulting from Bank’s gross negligence or willful misconduct. 
  

	 	9.6	No Waiver; Remedies Cumulative. 

 Bank’s failure, at any time or times, to require
strict performance by Borrower of any provision of this Agreement or any other Loan Document shall not waive, affect, or diminish any right of Bank thereafter to demand strict performance and compliance herewith or therewith. No

  
 27. 

 
waiver hereunder shall be effective unless signed by the party granting the waiver and then is only effective for the specific instance and purpose for which it is given. Bank’s rights and
remedies under this Agreement and the other Loan Documents are cumulative. Bank has all rights and remedies provided under the Code, by law, or in equity. Bank’s exercise of one right or remedy is not an election and shall not preclude Bank
from exercising any other remedy under this Agreement or other remedy available at law or in equity, and Bank’s waiver of any Event of Default is not a continuing waiver. Bank’s delay in exercising any remedy is not a waiver, election, or
acquiescence. 
  

	 	9.7	Demand Waiver. 

 Borrower waives demand, notice of default or dishonor, notice of payment
and nonpayment, notice of any default, nonpayment at maturity, release, compromise, settlement, extension, or renewal of accounts, documents, instruments, chattel paper, and guarantees held by Bank on which Borrower is liable. 

 

	 	10	NOTICES 

 All notices, consents, requests, approvals, demands, or other
communication by any party to this Agreement or any other Loan Document must be in writing and shall be deemed to have been validly served, given, or delivered: (a) upon the earlier of actual receipt and three (3) Business Days after
deposit in the U.S. mail, first class, registered or certified mail return receipt requested, with proper postage prepaid; (b) upon transmission, when sent by electronic mail or facsimile transmission; (c) one (1) Business Day after
deposit with a reputable overnight courier with all charges prepaid; or (d) when delivered, if hand-delivered by messenger, all of which shall be addressed to the party to be notified and sent to the address, facsimile number, or email address
indicated below. Bank or Borrower may change its mailing or electronic mail address or facsimile number by giving the other party written notice thereof in accordance with the terms of this Section 10. 

 

			
	If to Borrower:	  	eASIC Corporation
		  	2585 Augustine Drive, Suite 100
		  	Santa Clara, California 95054
		  	Attn: Larry Borras
		  	Fax: (408) 855-9201
		  	Email: lborras@easic.com
		
	If to Bank:	  	Silicon Valley Bank
		  	2400 Hanover Street
		  	Palo Alto, California 94304
		  	Attn: Matthew Wright
		  	Fax: (650) 320-0016
		  	Email: mwright@svb.com

  

	 	11	CHOICE OF LAW, VENUE, JURY TRIAL WAIVER AND JUDICIAL REFERENCE 

 California law
governs the Loan Documents without regard to principles of conflicts of law. Borrower and Bank each submit to the exclusive jurisdiction of the State and Federal courts 

  
 28. 

 
in Santa Clara County, California; provided, however, that nothing in this Agreement shall be deemed to operate to preclude Bank from bringing suit or taking other legal action in any other
jurisdiction to realize on the Collateral or any other security for the Obligations, or to enforce a judgment or other court order in favor of Bank. Borrower expressly submits and consents in advance to such jurisdiction in any action or suit
commenced in any such court, and Borrower hereby waives any objection that it may have based upon lack of personal jurisdiction, improper venue, or forum non conveniens and hereby consents to the granting of such legal or equitable relief as is
deemed appropriate by such court. Borrower hereby waives personal service of the summons, complaints, and other process issued in such action or suit and agrees that service of such summons, complaints, and other process may be made by registered or
certified mail addressed to Borrower at the address set forth in, or subsequently provided by Borrower in accordance with, Section 10 of this Agreement and that service so made shall be deemed completed upon the earlier to occur of
Borrower’s actual receipt thereof or three (3) days after deposit in the U.S. mails, proper postage prepaid. 
 TO THE FULLEST
EXTENT PERMITTED BY APPLICABLE LAW, BORROWER AND BANK EACH WAIVE THEIR RIGHT TO A JURY TRIAL OF ANY CLAIM OR CAUSE OF ACTION ARISING OUT OF OR BASED UPON THIS AGREEMENT, THE LOAN DOCUMENTS OR ANY CONTEMPLATED TRANSACTION, INCLUDING CONTRACT, TORT,
BREACH OF DUTY AND ALL OTHER CLAIMS. THIS WAIVER IS A MATERIAL INDUCEMENT FOR BOTH PARTIES TO ENTER INTO THIS AGREEMENT. EACH PARTY HAS REVIEWED THIS WAIVER WITH ITS COUNSEL. 

WITHOUT INTENDING IN ANY WAY TO LIMIT THE PARTIES’ AGREEMENT TO WAIVE THEIR RESPECTIVE RIGHT TO A TRIAL BY JURY, if the above waiver of
the right to a trial by jury is not enforceable, the parties hereto agree that any and all disputes or controversies of any nature between them arising at any time shall be decided by a reference to a private judge, mutually selected by the parties
(or, if they cannot agree, by the Presiding Judge of the Santa Clara County, California Superior Court) appointed in accordance with California Code of Civil Procedure Section 638 (or pursuant to comparable provisions of federal law if the
dispute falls within the exclusive jurisdiction of the federal courts), sitting without a jury, in Santa Clara County, California; and the parties hereby submit to the jurisdiction of such court. The reference proceedings shall be conducted pursuant
to and in accordance with the provisions of California Code of Civil Procedure §§ 638 through 645.1, inclusive. The private judge shall have the power, among others, to grant provisional relief, including without limitation, entering
temporary restraining orders, issuing preliminary and permanent injunctions and appointing receivers. All such proceedings shall be closed to the public and confidential and all records relating thereto shall be permanently sealed. If during the
course of any dispute, a party desires to seek provisional relief, but a judge has not been appointed at that point pursuant to the judicial reference procedures, then such party may apply to the Santa Clara County, California Superior Court for
such relief. The proceeding before the private judge shall be conducted in the same manner as it would be before a court under the rules of evidence applicable to judicial proceedings. The parties shall be entitled to discovery which shall be
conducted in the same manner as it would be before a court under the rules of discovery applicable to judicial proceedings. The private judge shall oversee discovery and may enforce all discovery rules and orders applicable to judicial proceedings
in the same manner as a trial court judge. The parties 

  
 29. 

 
agree that the selected or appointed private judge shall have the power to decide all issues in the action or proceeding, whether of fact or of law, and shall report a statement of decision
thereon pursuant to California Code of Civil Procedure § 644(a). Nothing in this paragraph shall limit the right of any party at any time to exercise self-help remedies, foreclose against collateral, or obtain provisional remedies. The private
judge shall also determine all issues relating to the applicability, interpretation, and enforceability of this paragraph. 
  

	 	12	GENERAL PROVISIONS 

  

	 	12.1	Termination Prior to Revolving Line Maturity Date. 

 This Agreement may be terminated
prior to the Revolving Line Maturity Date by Borrower, effective three (3) Business Days after written notice of termination is given to Bank. Notwithstanding any such termination, Bank’s lien and security interest in the Collateral shall
continue until Borrower fully satisfies its Obligations (other than inchoate indemnity obligations and any of Borrower’s obligations arising from the Warrant). 
  

	 	12.2	Successors and Assigns. 

 This Agreement binds and is for the benefit of the successors
and permitted assigns of each party. Borrower may not assign this Agreement or any rights or obligations under it without Bank’s prior written consent (which may be granted or withheld in Bank’s discretion). Bank has the right, without the
consent of or notice to Borrower, to sell, transfer, assign, negotiate, or grant participation in all or any part of, or any interest in, Bank’s obligations, rights, and benefits under this Agreement and the other Loan Documents (other than the
Warrant, as to which assignment, transfer and other such actions are governed by the terms of the Warrant). 
  

	 	12.3	Indemnification. 

 Borrower agrees to indemnify, defend and hold Bank and its directors,
officers, employees, agents, attorneys, or any other Person affiliated with or representing Bank (each, an “Indemnified Person”) harmless against: (a) all obligations, demands, claims, and liabilities (collectively,
“Claims”) claimed or asserted by any other party in connection with the transactions contemplated by the Loan Documents; and (b) all losses or expenses (including Bank Expenses) in any way suffered, incurred, or paid by such
Indemnified Person as a result of, following from, consequential to, or arising from transactions between Bank and Borrower contemplated by the Loan Documents (including reasonable attorneys’ fees and expenses), except for Claims and/or losses
directly caused by such Indemnified Person’s gross negligence or willful misconduct. 
  

	 	12.4	Time of Essence. 

 Time is of the essence for the performance of all Obligations in this
Agreement. 
  

	 	12.5	Severability of Provisions. 

 Each provision of this Agreement is severable from every
other provision in determining the enforceability of any provision. 

  
 30. 

	 	12.6	Correction of Loan Documents. 

 Bank may correct patent errors and fill in any blanks in
the Loan Documents consistent with the agreement of the parties, provided that Bank provides prompt written notice to Borrower of such correction. 
  

	 	12.7	Amendments in Writing; Waiver; Integration. 

 No purported amendment or modification of
any Loan Document, or waiver, discharge or termination of any obligation under any Loan Document, shall be enforceable or admissible unless, and only to the extent, expressly set forth in a writing signed by the party against which enforcement or
admission is sought. Without limiting the generality of the foregoing, no oral promise or statement, nor any action, inaction, delay, failure to require performance or course of conduct shall operate as, or evidence, an amendment, supplement or
waiver or have any other effect on any Loan Document. Any waiver granted shall be limited to the specific circumstance expressly described in it, and shall not apply to any subsequent or other circumstance, whether similar or dissimilar, or give
rise to, or evidence, any obligation or commitment to grant any further waiver. The Loan Documents represent the entire agreement about this subject matter and supersede prior negotiations or agreements. All prior agreements, understandings,
representations, warranties, and negotiations between the parties about the subject matter of the Loan Documents merge into the Loan Documents. 
  

	 	12.8	Counterparts. 

 This Agreement may be executed in any number of counterparts and by
different parties on separate counterparts, each of which, when executed and delivered, is an original, and all taken together, constitute one Agreement. 
  

	 	12.9	Survival. 

 All covenants, representations and warranties made in this Agreement continue
in full force until this Agreement has terminated pursuant to its terms and all Obligations (other than inchoate indemnity obligations and any other obligations which, by their terms, are to survive the termination of this Agreement) have been
satisfied. The obligation of Borrower in Section 12.3 to indemnify Bank shall survive until the statute of limitations with respect to such claim or cause of action shall have run. 

 

	 	12.10	Confidentiality. 

 In handling any confidential information, Bank shall exercise the same
degree of care that it exercises for its own proprietary information, but disclosure of information may be made: (a) to Bank’s Subsidiaries or Affiliates (such Subsidiaries and Affiliates, together with Bank, collectively, “Bank
Entities”); (b) to prospective transferees or purchasers of any interest in the Credit Extensions (provided, however, Bank shall use its best efforts to obtain any prospective transferee’s or purchaser’s agreement to the
terms of this provision); (c) as required by law, regulation, subpoena, or other order; (d) to Bank’s regulators or as otherwise required in connection with Bank’s examination or audit; (e) as Bank considers appropriate in
exercising remedies under the Loan Documents; and (f) to third-party service providers of Bank so long as 

  
 31. 

 
such service providers have executed a confidentiality agreement with Bank with terms no less restrictive than those contained herein. Confidential information does not include information that
is either: (i) in the public domain or in Bank’s possession when disclosed to Bank, or becomes part of the public domain after disclosure to Bank; or (ii) disclosed to Bank by a third party if Bank does not know that the third party
is prohibited from disclosing the information. 
 Bank Entities may use the confidential information for reporting purposes and the
development and distribution of databases and market analyses so long as such confidential information is aggregated and anonymized prior to distribution unless otherwise expressly prohibited by Borrower. The provisions of the immediately preceding
sentence shall survive the termination of this Agreement. 
  

	 	12.11	Attorneys’ Fees, Costs and Expenses. 

 In any action or proceeding between Borrower
and Bank arising out of or relating to the Loan Documents, the prevailing party shall be entitled to recover its reasonable attorneys’ fees and other costs and expenses incurred, in addition to any other relief to which it may be entitled. 

 

	 	12.12	Electronic Execution of Documents. 

 The words “execution,” “signed,”
“signature” and words of like import in any Loan Document shall be deemed to include electronic signatures or the keeping of records in electronic form, each of which shall be of the same legal effect, validity and enforceability as a
manually executed signature or the use of a paper-based recordkeeping systems, as the case may be, to the extent and as provided for in any applicable law, including, without limitation, any state law based on the Uniform Electronic Transactions
Act. 
  

	 	12.13	Captions. 

 The headings used in this Agreement are for convenience only and shall not
affect the interpretation of this Agreement. 
  

	 	12.14	Construction of Agreement. 

 The parties mutually acknowledge that they and their
attorneys have participated in the preparation and negotiation of this Agreement. In cases of uncertainty this Agreement shall be construed without regard to which of the parties caused the uncertainty to exist. 

 

	 	12.15	Relationship. 

 The relationship of the parties to this Agreement is determined solely by
the provisions of this Agreement. The parties do not intend to create any agency, partnership, joint venture, trust, fiduciary or other relationship with duties or incidents different from those of parties to an
arm’s-length contract. 

  
 32. 

	 	12.16	Third Parties. 

 Nothing in this Agreement, whether express or implied, is intended to:
(a) confer any benefits, rights or remedies under or by reason of this Agreement on any persons other than the express parties to it and their respective permitted successors and assigns; (b) relieve or discharge the obligation or
liability of any person not an express party to this Agreement; or (c) give any person not an express party to this Agreement any right of subrogation or action against any party to this Agreement. 

 

	 	13	DEFINITIONS 

  

	 	13.1	Definitions. 

 As used in the Loan Documents, the word “shall” is mandatory,
the word “may” is permissive, the word “or” is not exclusive, the words “includes” and “including” are not limiting, the singular includes the plural, and numbers denoting amounts that are set off in brackets
are negative. As used in this Agreement, the following capitalized terms have the following meanings: 
 “Account” is any
“account” as defined in the Code with such additions to such term as may hereafter be made, and includes, without limitation, all accounts receivable and other sums owing to Borrower. 

“Account Debtor” is any “account debtor” as defined in the Code with such additions to such term as may hereafter
be made. 
 “Advance” or “Advances” means an advance (or advances) under the Revolving Line. 

“Affiliate” is, with respect to any Person, each other Person that owns or controls directly or indirectly the Person, any
Person that controls or is controlled by or is under common control with the Person, and each of that Person’s senior executive officers, directors, partners and, for any Person that is a limited liability company, that Person’s managers
and members. 
 “Agreement” is defined in the preamble hereof. 

“Availability Amount” is (a) the lesser of (i) the Revolving Line or (ii) the amount available under the
Borrowing Base, minus (b) the Dollar Equivalent amount of all outstanding Letters of Credit (including drawn but unreimbursed Letters of Credit), minus (c) the FX Reduction Amount, minus (d) any amounts used for Cash Management
Services, and minus (e) the outstanding principal balance of any Advances. 
 “Bank” is defined in the preamble
hereof. 
 “Bank Expenses” are all audit fees and expenses, costs, and expenses (including reasonable attorneys’ fees
and expenses) for preparing, amending, negotiating, administering, defending and enforcing the Loan Documents (including, without limitation, those incurred in connection with appeals or Insolvency Proceedings) or otherwise incurred with respect to
Borrower. 

  
 33. 

 “Bermuda Subsidiary” means eASIC Limited, a wholly-owned Subsidiary of Borrower,
which is formed under the laws of Bermuda. 
 “Borrower” is defined in the preamble hereof 

“Borrower’s Books” are all Borrower’s books and records including ledgers, federal and state tax returns, records
regarding Borrower’s assets or liabilities, the Collateral, business operations or financial condition, and all computer programs or storage or any equipment containing such information. 

“Borrowing Base” is eighty percent (80.0%) of Eligible Accounts, as determined by Bank from Borrower’s most recent
Transaction Report; provided, however, that Bank may decrease the foregoing percentage in its good faith business judgment based on events, conditions, contingencies, or risks which, as determined by Bank, may adversely affect Collateral. 

“Borrowing Resolutions” are, with respect to any Person, those resolutions substantially in the form attached hereto as
Exhibit E. 
 “Business Day” is any day that is not a Saturday, Sunday or a day on which Bank is closed. 

“Cash Equivalents” means (a) marketable direct obligations issued or unconditionally guaranteed by the United States or
any agency or any State thereof having maturities of not more than one (1) year from the date of acquisition; (b) commercial paper maturing no more than one (1) year after its creation and having the highest rating from either
Standard & Poor’s Ratings Group or Moody’s Investors Service, Inc.; and (c) Bank’s certificates of deposit issued maturing no more than one (1) year after issue. 

“Cash Management Services” is defined in Section 2.1.5. 

“Claims” is defined in Section 12.3. 

“Code” is the Uniform Commercial Code, as the same may, from time to time, be enacted and in effect in the State of
California; provided, that, to the extent that the Code is used to define any term herein or in any Loan Document and such term is defined differently in different Articles or Divisions of the Code, the definition of such term contained in Article
or Division 9 shall govern; provided further, that in the event that, by reason of mandatory provisions of law, any or all of the attachment, perfection, or priority of, or remedies with respect to, Bank’s Lien on any Collateral is governed by
the Uniform Commercial Code in effect in a jurisdiction other than the State of California, the term “Code” shall mean the Uniform Commercial Code as enacted and in effect in such other jurisdiction solely for purposes of the
provisions thereof relating to such attachment, perfection, priority, or remedies and for purposes of definitions relating to such provisions. 

“Collateral” is any and all properties, rights and assets of Borrower described on Exhibit A. 

  
 34. 

 “Collateral Account” is any Deposit Account, Securities Account, or Commodity
Account. 
 “Collections” are all funds received by Bank from or on behalf of an Account Debtor for Advances under the
Revolving Line. 
 “Comerica Bank Accounts” is defined in Section 6.8(a). 

“Commitment Fee” is defined in Section 2.4(a). 

“Commodity Account” is any “commodity account” as defined in the Code with such additions to such term as may
hereafter be made. 
 “Compliance Certificate” is that certain certificate in the form attached hereto as Exhibit B.

 “Contingent Obligation” is, for any Person, any direct or indirect liability, contingent or not, of that Person for
(a) any indebtedness, lease, dividend, letter of credit or other obligation of another such as an obligation, in each case, directly or indirectly guaranteed, endorsed, co-made, discounted or sold with recourse by that Person, or for which that
Person is directly or indirectly liable; (b) any obligations for undrawn letters of credit for the account of that Person; and (c) all obligations from any interest rate, currency or commodity swap agreement, interest rate cap or collar
agreement, or other agreement or arrangement designated to protect a Person against fluctuation in interest rates, currency exchange rates or commodity prices; but “Contingent Obligation” does not include endorsements in the ordinary
course of business. The amount of a Contingent Obligation is the stated or determined amount of the primary obligation for which the Contingent Obligation is made or, if not determinable, the maximum reasonably anticipated liability for it
determined by the Person in good faith; but the amount may not exceed the maximum of the obligations under any guarantee or other support arrangement. 

“Control Agreement” is any control agreement entered into among the depository institution at which Borrower maintains a
Deposit Account or the securities intermediary or commodity intermediary at which Borrower maintains a Securities Account or a Commodity Account, Borrower, and Bank pursuant to which Bank obtains control (within the meaning of the Code) over such
Deposit Account, Securities Account, or Commodity Account. 
 “Conversion Date” means, for each Pre-Conversion Date Growth
Capital Advance, the first (1st) day after the end of the Growth Capital Interest Only Period for such Pre-Conversion Date Growth Capital Advance. 

“Copyrights” are any and all copyright rights, copyright applications, copyright registrations and like protections in each
work or authorship and derivative work thereof, whether published or unpublished and whether or not the same also constitutes a trade secret. 

“Credit Extension” is any Growth Capital Advance, Advance, Letter of Credit, FX Forward Contract, amount utilized for Cash
Management Services, or any other extension of credit by Bank for Borrower’s benefit. 

  
 35. 

 “Default Rate” is defined in Section 2.3(b). 

“Deferred Revenue” is all amounts received or invoiced in advance of performance under contracts and not yet recognized as
revenue. 
 “Deposit Account” is any “deposit account” as defined in the Code with such additions to such term as
may hereafter be made. 
 “Designated Deposit Account” IS Borrower’s deposit account, account number
            , maintained with Bank. 
 “Dollars,”
“dollars” or use of the sign “$” means only lawful money of the United States and not any other currency, regardless of whether that currency uses the “$” sign to denote its currency or may be readily
converted into lawful money of the United States. 
 “Dollar Equivalent” is, at any time, (a) with respect to any
amount denominated in Dollars, such amount, and (b) with respect to any amount denominated in a Foreign Currency, the equivalent amount therefor in Dollars as determined by Bank at such time on the basis of the then-prevailing rate of exchange
in San Francisco, California, for sales of the Foreign Currency for transfer to the country issuing such Foreign Currency. 

“Effective Date” is defined in the preamble hereof. 

“Eligible Accounts” means Accounts which arise in the ordinary course of Borrower’s business that meet all
Borrower’s representations and warranties in Section 5.3. Bank reserves the right at any time after the Effective Date to adjust any of the criteria set forth below and to establish new criteria in its good faith business judgment. Unless
Bank otherwise agrees in writing, Eligible Accounts shall not include: 
 (a) Accounts for which the Account Debtor is Borrower’s
Affiliate, officer, employee, or agent; 
 (b) Accounts that the Account Debtor has not paid within ninety (90) days of invoice date
regardless of invoice payment period terms; 
 (c) Accounts with credit balances over ninety (90) days from invoice date; 

(d) Accounts owing from an Account Debtor, in which fifty percent (50%) or more of the Accounts have not been paid within ninety
(90) days of invoice date; 
 (e) Accounts owing from an Account Debtor which does not have its principal place of business in the
United States unless (i) such Accounts are otherwise Eligible Accounts and (ii) Bank approves of in writing; 
 (f) Accounts billed
and/or payable outside of the United States (sometimes called foreign invoiced accounts); 

  
 36. 

 (g) Accounts owing from an Account Debtor to the extent that Borrower is indebted or obligated in
any manner to the Account Debtor (as creditor, lessor, supplier or otherwise—sometimes called “contra” accounts, accounts payable, customer deposits or credit accounts). 

(h) Accounts owing from an Account Debtor which is a United States government entity or any department, agency, or instrumentality thereof
unless Borrower has assigned its payment rights to Bank and the assignment has been acknowledged under the Federal Assignment of Claims Act of 1940, as amended; 

(i) Accounts for demonstration or promotional equipment, or in which goods are consigned, or sold on a “sale guaranteed”, “sale
or return”, “sale on approval”, or other terms if Account Debtor’s payment may be conditional; 
 (j) Accounts owing from
an Account Debtor where goods or services have not yet been rendered to the Account Debtor (sometimes called memo billings or pre-billings); 

(k) Accounts subject to contractual arrangements between Borrower and an Account Debtor where payments shall be scheduled or due according to
completion or fulfillment requirements where the Account Debtor has a right of offset for damages suffered as a result of Borrower’s failure to perform in accordance with the contract (sometimes called contracts accounts receivable, progress
billings, milestone billings, or fulfillment contracts); 
 (l) Accounts owing from an Account Debtor the amount of which may be subject to
withholding based on the Account Debtor’s satisfaction of Borrower’s complete performance (but only to the extent of the amount withheld; sometimes called retainage billings); 

(m) Accounts subject to trust provisions, subrogation rights of a bonding company, or a statutory trust; 

(n) Accounts owing from an Account Debtor that has been invoiced for goods that have not been shipped to the Account Debtor unless Bank,
Borrower, and the Account Debtor have entered into an agreement acceptable to Bank in its sole discretion wherein the Account Debtor acknowledges that (i) it has title to and has ownership of the goods wherever located, (ii) a bona fide
sale of the goods has occurred, and (iii) it owes payment for such goods in accordance with invoices from Borrower (sometimes called “bill and hold” accounts); 

(o) Accounts for which the Account Debtor has not been invoiced; 

(p) Accounts that represent non-trade receivables or that are derived by means other than in the ordinary course of Borrower’s business;

 (q) Accounts for which Borrower has permitted Account Debtor’s payment to extend beyond ninety (90) days; 

(r) Accounts arising from chargebacks, debit memos or others payment deductions taken by an Account Debtor; 

  
 37. 

 (s) Accounts arising from product returns and/or exchanges (sometimes called “warranty”
or “RMA” accounts); 
 (t) Accounts in which the Account Debtor disputes liability or makes any claim (but only up to the disputed
or claimed amount), or if the Account Debtor is subject to an Insolvency Proceeding, or becomes insolvent, or goes out of business; 
 (u)
Accounts owing from an Account Debtor with respect to which Borrower has received Deferred Revenue (but only to the extent of such Deferred Revenue); 

(v) Accounts owing from an Account Debtor, whose total obligations to Borrower exceed thirty percent (30.0%) of all Accounts, for the
amounts that exceed that percentage, unless Bank approves in writing; and 
 (w) Accounts for which Bank in its good faith business judgment
determines collection to be doubtful, including, without limitation, accounts represented by “refreshed” or “recycled” invoices. 

“Eligible Purchase Orders” are Purchase Orders made by Borrower in the ordinary course of Borrower’s business that meet
all Borrower’s representations and warranties, and are otherwise acceptable to Bank in all respects. The determination of which Purchase Orders are eligible hereunder is a matter of Bank’s discretion in each instance. 

“Equipment” is all “equipment” as defined in the Code with such additions to such term as may hereafter be made,
and includes without limitation all machinery, fixtures, goods, vehicles (including motor vehicles and trailers), and any interest in any of the foregoing. 

“ERISA” is the Employee Retirement Income Security Act of 1974, and its regulations. 

“Event of Default” is defined in Section 8. 

“Exchange Act” is the Securities Exchange Act of 1934, as amended. 

“Final Payment” is a payment (in addition to and not a substitution for the regular monthly payments of principal and accrued
interest) due on the date set forth in Sections 2.l.l(c), 2.1.1(d) and 2.1.l(e), equal to two percent (2.00%) of the aggregate amount of the Growth Capital Advances made under this Agreement. 

“Foreign Currency” means lawful money of a country other than the United States. 

“Foreign Deposit Account” and “Foreign Deposit Accounts” are defined in Section 6.8(a). 

“Funding Date” is any date on which a Credit Extension is made to or for the account of Borrower which shall be a Business
Day. 
 “FX Business Day” is any day when (a) Bank’s Foreign Exchange Department is conducting its normal
business and (b) the Foreign Currency being purchased or sold by Borrower is available to Bank from the entity from which Bank shall buy or sell such Foreign Currency. 

  
 38. 

 “FX Forward Contract” is defined in Section 2.1.4. 

“FX Reduction Amount” is defined in Section 2.1.4. 

“FX Reserve” is defined in Section 2.1.4. 

“GAAP” is generally accepted accounting principles set forth in the opinions and pronouncements of the Accounting Principles
Board of the American Institute of Certified Public Accountants and statements and pronouncements of the Financial Accounting Standards Board or in such other statements by such other Person as may be approved by a significant segment of the
accounting profession, which are applicable to the circumstances as of the date of determination. 
 “General Intangibles”
is all “general intangibles” as defined in the Code in effect on the date hereof with such additions to such term as may hereafter be made, and includes without limitation, all Intellectual Property, claims, income and other tax refunds,
security and other deposits, payment intangibles, contract rights, options to purchase or sell real or personal property, rights in all litigation presently or hereafter pending (whether in contract, tort or otherwise), insurance policies (including
without limitation key man, property damage, and business interruption insurance), payments of insurance and rights to payment of any kind. 

“Good Faith Deposit” is defined in Section 2.4(a). 

“Governmental Approval” is any consent, authorization, approval, order, license, franchise, permit, certificate,
accreditation, registration, filing or notice, of, issued by, from or to, or other act by or in respect of, any Governmental Authority. 

“Governmental Authority” is any nation or government, any state or other political subdivision thereof, any agency,
authority, instrumentality, regulatory body, court, central bank or other entity exercising executive, legislative, judicial, taxing, regulatory or administrative functions of or pertaining to government, any securities exchange and any
self-regulatory organization. 
 “Growth Capital Advance” and “Growth Capital Advances” are defined in
Section 2.1.1(a). 
 “Growth Capital Interest Only Extension Requirements” means, as of any date of determination,
Bank’s receipt and approval of evidence satisfactory to Bank that (i) Borrower has generated positive Net Income of not less than One Hundred Thousand Dollars ($100,000) for the fiscal quarter immediately preceding such date, measured as
of the last day of such fiscal quarter and (ii) Borrower has maintained not less than Eight Million Dollars ($8,000,000) in cash (inclusive of any proceeds from the Credit Extensions) at Bank or Bank’s Affiliates during the fiscal quarter
immediately preceding such date and as of the date of determination. 

  
 39. 

 “Growth Capital Interest Only Period” is the Effective Date through
December 31, 2011; provided however, that such Growth Capital Interest Only Period may be extended as follows: (a) provided that Borrower delivers evidence satisfactory to Bank on or before January 15, 2012, showing that, in
Bank’s discretion, Borrower satisfies the Growth Capital Interest Only Extension Requirements as of December 31, 2011, the Growth Capital Interest Only Period shall be extended through March 31, 2012, and (b) further provided
that Borrower delivers evidence satisfactory to Bank on or before April 15, 2012, showing that, in Bank’s discretion, Borrower satisfies the Growth Capital Interest Only Extension Requirements as of March 31, 2012, the Growth Capital
Interest Only Period shall be further extended through June 30, 2012. 
 “Growth Capital Line” is Growth Capital
Advances in an aggregate amount not to exceed Five Million Dollars ($5,000,000) outstanding at any time. 
 “Growth Capital Maturity
Date” is the last day of the Growth Capital Repayment Period of the applicable Growth Capital Advance, but no later than June 30, 2014. 

“Growth Capital Repayment Period” as to (i) each Pre-Conversion Date Growth Capital Advance, is a period of time equal
to the number of consecutive complete calendar months from the month on which the Conversion Date occurs and continuing through the Growth Capital Maturity Date, and (ii) each Post-Conversion Date Growth Capital Advance, is a period of time
equal to the number of consecutive complete calendar months from the month on which the Funding Date of such Post-Conversion Date Growth Capital Advance occurs (or commencing on the Funding Date if the Funding Date is the last calendar day of the
month) and continuing through the Growth Capital Maturity Date. 
 “Indebtedness” is (a) indebtedness for borrowed
money or the deferred price of property or services, such as reimbursement and other obligations for surety bonds and letters of credit, (b) obligations evidenced by notes, bonds, debentures or similar instruments, (c) capital lease
obligations, and (d) Contingent Obligations. 
 “Indemnified Person” is defined in Section 12.3. 

“Initial Audit” is Bank’s initial inspection of the Collateral and Borrower’s Books with results satisfactory to
Bank in its sole and absolute discretion. 
 “Insolvency Proceeding” is any proceeding by or against any Person under the
United States Bankruptcy Code, or any other bankruptcy or insolvency law, including assignments for the benefit of creditors, compositions, extensions generally with its creditors, or proceedings seeking reorganization, arrangement, or other relief.

 “Intellectual Property” means all of Borrower’s right, title, and interest in and to the following: 

(a) its Copyrights, Trademarks and Patents; 

(b) any and all trade secrets and trade secret rights, including, without limitation, any rights to unpatented inventions, know-how, operating
manuals; 

  
 40. 

 (c) any and all source code; 

(d) any and all design rights which may be available to a Borrower; 

(e) any and all claims for damages by way of past, present and future infringement of any of the foregoing, with the right, but not the
obligation, to sue for and collect such damages for said use or infringement of the Intellectual Property rights identified above; and 
 (f)
all amendments, renewals and extensions of any of the Copyrights, Trademarks or Patents. 
 “Inventory” is all
“inventory” as defined in the Code in effect on the date hereof with such additions to such term as may hereafter be made, and includes without limitation all merchandise, raw materials, parts, supplies, packing and shipping materials,
work in process and finished products, including without limitation such inventory as is temporarily out of Borrower’s custody or possession or in transit and including any returned goods and any documents of title representing any of the
above. 
 “Investment” is any beneficial ownership interest in any Person (including stock, partnership interest or other
securities), and any loan, advance or capital contribution to any Person. 
 “Letter of Credit” means a standby letter of
credit issued by Bank or another institution based upon an application, guarantee, indemnity or similar agreement on the part of Bank as set forth in Section 2.1.3. 

“Letter of Credit Application” is defined in Section 2.1.3(b). 

“Lien” is a claim, mortgage, deed of trust, levy, charge, pledge, security interest or other encumbrance of any kind, whether
voluntarily incurred or arising by operation of law or otherwise against any property. 
 “Loan Documents” are,
collectively, this Agreement, the Warrant, the Perfection Certificate, the Stock Pledge Agreement, any note, or notes or guaranties executed by Borrower, and any other present or future agreement between Borrower and/or for the benefit of Bank in
connection with this Agreement, all as amended, restated, or otherwise modified. 
 “Malaysia Subsidiary” means eASIC
(M) Sdn Bhd, a wholly-owned Subsidiary of Borrower, which is formed under the laws of Malaysia. 
 “Material Adverse
Change” is (a) a material impairment in the perfection or priority of Bank’s Lien in the Collateral or in the value of such Collateral; (b) a material adverse change in the business, operations, or condition (financial or
otherwise) of Borrower; or (c) a material impairment of the prospect of repayment of any portion of the Obligations. 

“Monthly Financial Statements” is defined in Section 6.2(c). 

  
 41. 

 “Net Income” means, as calculated on a consolidated basis for Borrower and its
Subsidiaries for any period as at any date of determination, the net profit (or loss), after provision for taxes, of Borrower and its Subsidiaries for such period taken as a single accounting period. 

“Obligations” are Borrower’s obligations to pay when due any debts, principal, interest, Bank Expenses and other amounts
Borrower owes Bank now or later, whether under this Agreement, the Loan Documents (other than the Warrant), or otherwise, including, without limitation, all obligations relating to letters of credit (including reimbursement obligations for drawn and
undrawn letters of credit), cash management services, and foreign exchange contracts, if any, and including interest accruing after Insolvency Proceedings begin and debts, liabilities, or obligations of Borrower assigned to Bank, and to perform
Borrower’s duties under the Loan Documents. 
 “Operating Documents” are, for any Person, such Person’s formation
documents, as certified with the Secretary of State of such Person’s state of formation on a date that is no earlier than thirty (30) days prior to the Effective Date, and, (a) if such Person is a corporation, its bylaws in current
form, (b) if such Person is a limited liability company, its limited liability company agreement (or similar agreement), and (c) if such Person is a partnership, its partnership agreement (or similar agreement), each of the foregoing with
all current amendments or modifications thereto. 
 “Overadvance” is defined in Section 2.2. 

“Patents” means all patents, patent applications and like protections including without limitation improvements, divisions,
continuations, renewals, reissues, extensions and continuations-in-part of the same. 
 “Payment” means all checks, wire
transfers and other items of payment received by Bank (including proceeds of Accounts and payment of the Obligations in full) for credit to Borrower’s outstanding Credit Extensions or, if the balance of the Credit Extensions has been reduced to
zero, for credit to its deposit accounts. 
 “Payment/Advance Form” is that certain form attached hereto as Exhibit
D. 
 “Perfection Certificate” is defined in Section 5.1. 

“Permitted Indebtedness” is: 

(a) Borrower’s Indebtedness to Bank under this Agreement and the other Loan Documents; 

(b) Indebtedness existing on the Effective Date and shown on the Perfection Certificate; 

(c) Subordinated Debt; 
 (d)
unsecured Indebtedness to trade creditors incurred in the ordinary course of business; 

  
 42. 

 (e) Indebtedness incurred as a result of endorsing negotiable instruments received in the
ordinary course of business; 
 (f) Indebtedness secured by Liens permitted under clauses (a) and (c) of the definition of
“Permitted Liens” hereunder; and 
 (g) extensions, refinancings, modifications, amendments and restatements of any items of
Permitted Indebtedness (a) through (f) above, provided that the principal amount thereof is not increased or the terms thereof are not modified to impose more burdensome terms upon Borrower or its Subsidiary, as the case may be. 

“Permitted Investments” are: 

(a) Investments (including, without limitation, Subsidiaries) existing on the Effective Date and shown on the Perfection Certificate; 

(b) Investments consisting of Cash Equivalents; 

(c) Investments consisting of the endorsement of negotiable instruments for deposit or collection or similar transactions in the ordinary
course of Borrower; 
 (d) Investments consisting of deposit accounts in which Bank has a perfected security interest; 

(e) Investments accepted in connection with Transfers permitted by Section 7.1; 

(f) Investments (i) by Borrower in Subsidiaries not to exceed Five Hundred Thousand Dollars ($500,000) in the aggregate in any fiscal year
and (ii) by Subsidiaries in other Subsidiaries not to exceed Two Hundred Fifty Thousand Dollars ($250,000) in the aggregate in any fiscal year or in Borrower; 

(g) Investments consisting of (i) travel advances and employee relocation loans and other employee loans and advances in the ordinary
course of business, and (ii) loans to employees, officers or directors relating to the purchase of equity securities of Borrower or its Subsidiaries pursuant to employee stock purchase plans or agreements approved by Borrower’s Board of
Directors; 
 (h) Investments (including debt obligations) received in connection with the bankruptcy or reorganization of customers or
suppliers and in settlement of delinquent obligations of, and other disputes with, customers or suppliers arising in the ordinary course of business; 

(i) Investments consisting of notes receivable of, or prepaid royalties and other credit extensions, to customers and suppliers who are not
Affiliates, in the ordinary course of business; provided that this paragraph (i) shall not apply to Investments of Borrower in any Subsidiary; and 

  
 43. 

 (j) Investments in joint ventures, strategic alliances, licensing and similar arrangements
customary in Borrower’s industry in an aggregate amount not to exceed Three Hundred Fifty Thousand Dollars ($350,000), and which do not require Borrower to assume or otherwise become liable for the obligations of any third party not directly
related to or arising out of such arrangement or, without prior written consent of the Bank, require Borrower to transfer ownership of non-cash assets to such joint venture or other entity. 

“Permitted Liens” are: 

(a) Liens existing on the Effective Date and shown on the Perfection Certificate or arising under this Agreement and the other Loan Documents;

 (b) Liens for taxes, fees, assessments or other government charges or levies, either (i) not due and payable or (ii) being
contested in good faith and for which Borrower maintains adequate reserves on its Books, provided that no notice of any such Lien has been filed or recorded under the Internal Revenue Code of 1986, as amended, and the Treasury Regulations
adopted thereunder; 
 (c) purchase money Liens (i) on Equipment acquired or held by Borrower incurred for financing the acquisition of
the Equipment securing no more than One Hundred Thousand Dollars ($100,000) in the aggregate amount outstanding, or (ii) existing on Equipment when acquired, if the Lien is confined to the property and improvements and the proceeds of the
Equipment; 
 (d) Liens of carriers, warehousemen, suppliers, or other Persons that are possessory in nature arising in the ordinary course
of business so long as such Liens attach only to Inventory, securing liabilities in the aggregate amount not to exceed One Hundred Thousand Dollars ($100,000) and which are not delinquent or remain payable without penalty or which are being
contested in good faith and by appropriate proceedings which proceedings have the effect of preventing the forfeiture or sale of the property subject thereto; 

(e) Liens to secure payment of workers’ compensation, employment insurance, old-age pensions, social security and other like obligations
incurred in the ordinary course of business (other than Liens imposed by ERISA); 
 (f) Liens incurred in the extension, renewal or
refinancing of the indebtedness secured by Liens described in (a) through (c), but any extension, renewal or replacement Lien must be limited to the property encumbered by the existing Lien and the principal amount of the indebtedness
may not increase; 
 (g) leases or subleases of real property granted in the ordinary course of Borrower’s business (or, if referring to
another Person, in the ordinary course of such Person’s business), and leases, subleases, non-exclusive licenses or sublicenses of personal property (other than Intellectual Property) granted in the ordinary course of Borrower’s business
(or, if referring to another Person, in the ordinary course of such Person’s business), if the leases, subleases, licenses and sublicenses do not prohibit granting Bank a security interest therein; 

  
 44. 

 (h) non-exclusive license of Intellectual Property granted to third parties in the ordinary
course of business; 
 (i) Liens arising from attachments or judgments, orders, or decrees in circumstances not constituting an Event of
Default under Sections 8.5 and 8.8; and 
 (j) Liens in favor of other financial institutions arising in connection with Borrower’s
deposit and/or securities accounts held at such institutions, provided that Bank has a perfected security interest in the amounts held in such deposit and/or securities accounts. 

“Person” is any individual, sole proprietorship, partnership, limited liability company, joint venture, company, trust,
unincorporated organization, association, corporation, institution, public benefit corporation, firm, joint stock company, estate, entity or government agency. 

“Post-Conversion Date Growth Capital Advance” and “Post-Conversion Date Growth Capital Advances” are defined
in Section 2.1.1(b)(ii). 
 “Pre-Conversion Date Growth Capital Advance” and “Pre-Conversion Date Growth Capital
Advances” are defined in Section 2.1.1(b)(i). 
 “Prime Rate” is Bank’s most recently announced “prime
rate,” even if it is not Bank’s lowest rate. 
 “Purchase Order” shall mean either (i) a signed purchase
order made by Borrower in connection with Borrower’s wafer inventory purchases from a third-party or (ii) a committed customer forecast from Borrower detailing Borrower’s requirements for Borrower’s wafer inventory purchases from
a third-party. 
 “Registered Organization” is any “registered organization” as defined in the Code with such
additions to such term as may hereafter be made 
 “Requirement of Law” is as to any Person, the organizational or
governing documents of such Person, and any law (statutory or common), treaty, rule or regulation or determination of an arbitrator or a court or other Governmental Authority, in each case applicable to or binding upon such Person or any of its
property or to which such Person or any of its property is subject. 
 “Reserves” means, as of any date of determination,
such amounts as Bank may from time to time establish and revise in its good faith business judgment, reducing the amount of Advances and other financial accommodations which would otherwise be available to Borrower (a) to reflect events,
conditions, contingencies or risks which, as determined by Bank in its good faith business judgment, do or may adversely affect (i) the Collateral or any other property which is security for the Obligations or its value (including without
limitation any increase in delinquencies of Accounts), (ii) the assets, business or prospects of Borrower, or (iii) the security interests and other rights of Bank in the Collateral (including the enforceability, perfection and priority
thereof); or (b) to reflect Bank’s good faith belief that any collateral report or financial information furnished by or on behalf of Borrower to Bank is or may have been incomplete, inaccurate or misleading in any material respect; or
(c) in respect of any state of facts which Bank determines in good faith constitutes an Event of Default or may, with notice or passage of time or both, constitute an Event of Default. 

  
 45. 

 “Responsible Officer” is any of the Chief Executive Officer (who is Ronnie
Vasishta, as of the Effective Date), President (who is Ronnie Vasishta, as of the Effective Date), Senior Director of Finance (who is Larry Borras, as of the Effective Date), or Chief Financial Officer of Borrower (if and when such office filled).

 “Restricted License” is any material license or other agreement with respect to which Borrower is the licensee
(a) that prohibits or otherwise restricts Borrower from granting a security interest in Borrower’s interest in such license or agreement or any other property, or (b) for which a default under or termination of could interfere with
the Bank’s right to sell any Collateral. 
 “Revolving Line” is an Advance or Advances in an amount equal to Three
Million Dollars ($3,000,000). 
 “Revolving Line Maturity Date” is September 29, 2012. 

“SEC” shall mean the Securities and Exchange Commission, any successor thereto, and any analogous Governmental Authority.

 “Securities Account” is any “securities account” as defined m the Code with such additions to such term as may
hereafter be made. 
 “Settlement Date” is defined in Section 2.1.4. 

“Stock Pledge Agreement” is that certain Stock Pledge Agreement, dated the Effective Date, from Borrower for the benefit of
Bank. 
 “Streamline Period” shall mean any time that Borrower maintains not less than Five Million Dollars ($5,000,000) in
cash at Bank or Bank’s Affiliates. 
 “Subordinated Debt” is indebtedness incurred by Borrower subordinated to all of
Borrower’s now or hereafter indebtedness to Bank (pursuant to a subordination, intercreditor, or other similar agreement in form and substance satisfactory to Bank entered into between Bank and the other creditor), on terms acceptable to Bank.

 “Subsidiary” is, as to any Person, a corporation, partnership, limited liability company or other entity of which shares
of stock or other ownership interests having ordinary voting power (other than stock or such other ownership interests having such power only by reason of the happening of a contingency) to elect a majority of the board of directors or other
managers of such corporation, partnership or other entity are at the time owned, or the management of which is otherwise controlled, directly or indirectly through one or more intermediaries, or both, by such Person. Unless the context otherwise
requires, each reference to a Subsidiary herein shall be a reference to a Subsidiary of Borrower. 

  
 46. 

 “Trademarks” means any trademark and servicemark rights, whether registered or
not, applications to register and registrations of the same and like protections, and the entire goodwill of the business of Borrower connected with and symbolized by such trademarks. 

“Tranche A” is defined in Section 2.1.1(a). 

“Tranche A Advance” is defined in Section 2.1.1(a). 

“Tranche B” is defined in Section 2.1.1(a). 

“Tranche B Advance” and “Tranche B Advances” are defined in Section 2.1.1(a). 

“Tranche B Advance Milestone” means the date on which Bank receives and approves evidence satisfactory to Bank that
(i) Borrower has received, on or after the Effective Date, at least Fifteen Million Dollars ($15,000,000) in net proceeds from its Series G round of preferred equity financing (and including the issuance of convertible notes to existing
investors), on terms acceptable to Bank in its sole discretion, and (ii) Borrower’s actual total revenue for the fiscal quarter ending May 31, 2010 is greater than or equal to seventy percent (70%) of the forecasted total revenue
for the fiscal quarter ending May 31, 2010 (based on the June 1, 2010 projections plan previously delivered to Bank). 

“Tranche B Draw Period” is the period of time from January 15, 2011 through the earlier to occur of
(a) June 30, 2012 or (b) an Event of Default. 
 “Transaction Report” is that certain report of transactions
and schedule of collections in the form attached hereto as Exhibit C. 
 “Transfer” is defined in Section 7.1.

 “Warrant” is that certain Warrant to Purchase Stock dated as of the Effective Date executed by Borrower in favor of
Bank. 
 [Signature page follows.] 

  
 47. 

 IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be executed as of the
Effective Date. 
 BORROWER: 
  

			
	EASIC CORPORATION
		
	By:	 	/s/ Ronnie Vasishta
	Name:	 	Ronnie Vasishta
	Title:	 	President & CEO
		
	BANK	 	
	
	SILICON VALLEY BANK
		
	By:	 	/s/ Matthew Wright
	Name:	 	Matthew Wright
	Title:	 	RM

  
 [Signature Page to
Loan and Security Agreement] 

 EXHIBIT A 

COLLATERAL DESCRIPTION 
 The
Collateral consists of all of Borrower’s right, title and interest in and to the following personal property: 
 All goods, Accounts
(including health-care receivables), Equipment, Inventory, contract rights or rights to payment of money, leases, license agreements, franchise agreements, General Intangibles (except as provided below), commercial tort claims, documents,
instruments (including any promissory notes), chattel paper (whether tangible or electronic), cash, deposit accounts, fixtures, letters of credit rights (whether or not the letter of credit is evidenced by a writing), securities, and all other
investment property, supporting obligations, and financial assets, whether now owned or hereafter acquired, wherever located; and 
 all
Borrower’s Books relating to the foregoing, and any and all claims, rights and interests in any of the above and all substitutions for, additions, attachments, accessories, accessions and improvements to and replacements, products, proceeds and
insurance proceeds of any or all of the foregoing. 
 Notwithstanding the foregoing, the Collateral does not include (a) any
Intellectual Property; provided, however, the Collateral shall include all Accounts and all proceeds of Intellectual Property; or (b) property that constitutes the capital stock of a controlled foreign corporation (as such term is defined in
the Internal Revenue Code of 1986, as amended) in excess of sixty-five percent (65%) of the voting power of all classes of capital stock of such controlled foreign corporation entitled to vote. If a judicial authority (including a U.S.
Bankruptcy Court) would hold that a security interest in the underlying Intellectual Property is necessary to have a security interest in such Accounts and such property that are proceeds of Intellectual Property, then the Collateral shall
automatically, and effective as of the Effective Date, include the Intellectual Property to the extent necessary to permit perfection of Bank’s security interest in such Accounts and such other property of Borrower that are proceeds of the
Intellectual Property. 
 Pursuant to the terms of a certain negative pledge arrangement with Bank, Borrower has agreed not to encumber any
of its Intellectual Property without Bank’s prior written consent. 

  
 Exhibit A – Page 1

 EXHIBIT B 

COMPLIANCE CERTIFICATE 
  

					
	TO: SILICON VALLEY BANK	  	Date:	  	 
	FROM: EASIC CORPORATION	  		  	

 The undersigned authorized officer of eASIC Corporation (“Borrower”) certifies that under the
terms and conditions of the Loan and Security Agreement between Borrower and Bank (the “Agreement”): 
 (1) Borrower is in
complete compliance for the period ending                      with all required covenants except as noted below; (2) there are no Events
of Default; (3) all representations and warranties in the Agreement are true and correct in all material respects on this date except as noted below; provided, however, that such materiality qualifier shall not be applicable to any
representations and warranties that already are qualified or modified by materiality in the text thereof; and provided, further that those representations and warranties expressly referring to a specific date shall be true, accurate and complete in
all material respects as of such date; (4) Borrower, and each of its Subsidiaries, has timely filed all required tax returns and reports, and Borrower has timely paid all foreign, federal, state and local taxes, assessments, deposits and
contributions owed by Borrower except as otherwise permitted pursuant to the terms of Section 5.9 of the Agreement; and (5) no Liens have been levied or claims made against Borrower or any of its Subsidiaries relating to unpaid employee
payroll or benefits of which Borrower has not previously provided written notification to Bank. 
 Attached are the required documents
supporting the certification. The undersigned certifies that these are prepared in accordance with GAAP consistently applied from one period to the next except as explained in an accompanying letter or footnotes. The undersigned acknowledges that no
borrowings may be requested at any time or date of determination that Borrower is not in compliance with any of the terms of the Agreement, and that compliance is determined not just at the date this certificate is delivered. Capitalized terms used
but not otherwise defined herein shall have the meanings given them in the Agreement. 
 Please indicate compliance status by circling Yes/No under
“Complies” column. 
  

					
	 Reporting Covenant
	  	 Required
	  	 Complies

	 Monthly financial statements with Compliance Certificate (“CC”)
	  	 Monthly within 30 days
	  	Yes No
	 Annual financial statement (Company Prepared)
	  	 FYE within 30 days
	  	Yes No
	 Annual financial statement (CPA Audited) + CC
	  	 FYE within 180 days
	  	Yes No
	 Annual Board-Approved financial projections
	  	 Annually within 10 days of approval
	  	Yes No
	 Transaction Reports
	  	 Weekly at all times that any Advances are outstanding
	  	Yes No
	 Statements of Cash Balances at Foreign Deposit Accounts
	  	 Monthly within 30 days
	  	Yes No
	 10-Q, 10-K and 8-K
	  	 Within 5 days after filing with SEC
	  	Yes No
	 Borrowing Base Certificate A/R & A/P Agings
	  	 Monthly within 30 days
	  	Yes No

 The following are the exceptions with respect to the certification above: (If no exceptions exist, state
“No exceptions to note.”) 
  

	
	 
	 
	 

 [Signatures Appear on the Following Page] 

  
 Exhibit B – Page 1

 EASIC CORPORATION 
  

			
	By:	  	 

			
	Name:	  	 

			
	Title:	  	 

 

 BANK USE ONLY 
  

			
	Received by:	  	 
		  	AUTHORIZED SIGNER

			
	Date:	  	 

			
		
	Verified:	  	 
		  	AUTHORIZED SIGNER

			
	Date:	  	 

					
			
	Compliance Status:	  	Yes	  	No

 
 

  
 Exhibit B – Page 2

 EXHIBIT D 

LOAN PAYMENT/ADVANCE REQUEST FORM 

DEADLINE FOR SAME DAY PROCESSING IS
NOON PACIFIC TIME 
  

							
	Fax To:	  		  	Date:	  	 

 

 Loan Payment: 
  

			
	From Account#	 	 
		 	(Deposit Account #)

			
	Principal $	 	 

			
		
	Authorized Signature:	 	 

			
	Print Name/Title:	 	 

 

 EASIC CORPORATION 
  

			
	To Account#	 	 
		 	(Loan Account#)

			
	and/or Interest$	 	 

			
	Phone Number:	 	 

 
 

  
 GROWTH
CAPITAL ADVANCE: 
 Complete Outgoing Wire Request section below if all or a portion of the funds from this growth
capital loan advance are for an outgoing wire. 
  

							
	From Account#	 	 	 	To Account#	 	 
	(Loan Account#)	 		 		 	(Deposit Account #)

  

			
	Amount of Growth Capital Advance$	 	 

 All Borrower’s representations and warranties in the Loan and Security Agreement are true, correct and complete in all
material respects on the date of the request for a growth capital advance; provided, however, that such materiality qualifier shall not be applicable to any representations and warranties that already are qualified or modified by materiality in the
text thereof; and provided, further that those representations and warranties expressly referring to a specific date shall be true, accurate and complete in all material respects as of such date: 

 

							
	Authorized Signature:	 	 	  	Phone Number:	 	 

							
	Print Name/Title:	 	 	 		 	

 OUTGOING WIRE REQUEST: 

Complete only if all or a portion of funds from the growth capital loan advance above is to be wired. 

Deadline for same day processing is noon, Pacific Time 
  

							
	Beneficiary Name:	  	 	  	Amount of Wire:$	  	 
	Beneficiary Bank:	  	 	  	Account Number:	  	 
	City and State:	  	 	  		  	

  

							
	Beneficiary Bank Transit (ABA)#:	 	 	  	Beneficiary Bank Code (Swift, Sort, Chip, etc.):	 	 
	(For International Wire Only)	 		  		 	

  

							
	Intermediary Bank:	  	 	  	Transit (ABA)#:	 	 

							
	For Further Credit to:	  	 

  

			
	Special Instruction:	  	 

 
 By signing below, I (we) acknowledge and agree
that my (our) funds transfer request shall be processed in accordance with and subject to the terms and conditions set forth in the agreements(s) covering funds transfer service(s), which agreements{s) were previously received and executed by me
(us). 

 

			
	Authorized Signature:	 	 

			
	Print Name/Title:	 	 

			
	Telephone#:	 	 

 

			
	2nd Signature (if required):	 	 

			
	Print Name/Title:	 	 

			
	Telephone#:	 	 

 
 

  
 Exhibit D – Page 1

 EXHIBIT E 

BORROWING RESOLUTIONS 
  

  
 Exhibit E – Page 1

 Silicon Valley Bank 

CORPORATE BORROWING CERTIFICATE 
  

					
	BORROWER:	  	EASIC CORPORATION	  	DATE: September 22, 2010
	BANK:	  	SILICON VALLEY BANK	  	

 I hereby certify as follows, as of the date set forth above: 

 

	1.	I am the Secretary, Assistant Secretary or other officer of the Borrower. My title is as set forth below. 

  

	2.	Borrower’s exact legal name is set forth above. Borrower is a corporation existing under the laws of the State of Delaware. 

  

	3.	Attached hereto are true, correct and complete copies of Borrower’s Articles/Certificate of Incorporation (including amendments), as filed with the Secretary of State of the state in which Borrower is incorporated
as set forth in paragraph 2 above. Such Articles/Certificate of Incorporation have not been amended, annulled, rescinded, revoked or supplemented, and remain in full force and effect as of the date hereof. 

 

	4.	The following resolutions were duly and validly adopted by Borrower’s Board of Directors at a duly held meeting of such directors (or pursuant to a unanimous written consent or other authorized corporate action).
Such resolutions are in full force and effect as of the date hereof and have not been in any way modified, repealed, rescinded, amended or revoked, and Bank may rely on them until Bank receives written notice of revocation from Borrower.

 RESOLVED, that any one of the following officers or employees of Borrower, whose
names, titles and signatures are below, may act on behalf of Borrower: 
  

							
	 Name
	 	 Title
	 	 Signature
	 	 Authorized to 
Add or Remove
Signatories

				
	Ronnie Vasishta	 	President/CEO	 	/s/ Ronnie Vasishta	 	x
				
		 		 		 	 ̈
				
		 		 		 	 ̈
				
		 		 		 	 ̈

 RESOLVED FURTHER, that any one of the persons designated
above with a checked box beside his or her name may, from time to time, add or remove any individuals to and from the above list of persons authorized to act on behalf of Borrower. 

  
 2. 

 RESOLVED FURTHER, that such individuals may,
on behalf of Borrower: 
 Borrow Money. Borrow money from Silicon Valley Bank (“Bank”). 

Execute Loan Documents. Execute any loan documents Bank requires. 

Grant Security. Grant Bank a security interest in any of Borrower’s assets. 

Negotiate Items. Negotiate or discount all drafts, trade acceptances, promissory notes, or other indebtedness in which Borrower has an
interest and receive cash or otherwise use the proceeds. 
 Letters of Credit. Apply for letters of credit from Bank 

Foreign Exchange Contracts. Execute spot or forward foreign exchange contracts. 

Issue Warrants. Issue warrants for Borrower’s capital stock. 

Further Acts. Designate other individuals to request advances, pay fees and costs and execute other documents or agreements (including
documents or agreement that waive Borrowers right to a jury trial) they believe to be necessary to effectuate such resolutions. 

RESOLVED FURTHER, that all acts authorized by the above resolutions and any prior acts
relating thereto are ratified. 
  

	5.	The persons listed above are Borrower’s officers or employees with their titles and signatures shown next to their names. 

 

			
	By:	 	/s/ Larry Borras

 
			
	Name:	 	Larry Borras

 
			
	Title:	 	Secretary

 *** If the Secretary, Assistant Secretary or other certifying officer executing above is designated
by the resolutions set forth in paragraph 4 as one of the authorized signing officers, this Certificate must also be signed by a second authorized officer or director of Borrower. 

I, the
                                         
                    of Borrower, hereby certify as to paragraphs 1 through 5 above, as of the date set forth above. 

 

			
	By:	 	 

 
			
	Name:	 	 

 
			
	Title:	 	 

  
 3. 

 FIRST AMENDMENT TO  

LOAN AND SECURITY AGREEMENT 

THIS FIRST AMENDMENT TO LOAN AND SECURITY AGREEMENT (this “Amendment”) is entered into this 20th day of January, 2011, by and between SILICON VALLEY BANK (“Bank’) and EASIC CORPORATION, a Delaware corporation (“Borrower”) whose address is 2585
Augustine Drive, Suite 100, Santa Clara, California 95054. 
 RECITAL 

A. Bank and Borrower have entered into that certain Loan and Security Agreement dated as of September 29, 2010 (as the same may
from time to time be amended, modified, supplemented or restated, the “Loan Agreement”). 
 B. Bank has extended
credit to Borrower for the purposes permitted in the Loan Agreement. 
 C. Borrower has requested that Bank amend the Loan Agreement
to (i) modify the definition of “Tranche B Advance Milestone”, and (ii) make certain other revisions to the Loan Agreement as more fully set forth herein. 

D. Bank has agreed to so amend certain provisions of the Loan Agreement, but only to the extent, in accordance with the terms, subject
to the conditions and in reliance upon the representations and warranties set forth below. 
 AGREEMENT 

NOW, THEREFORE, in consideration of the foregoing recitals and other good and valuable consideration, the receipt and adequacy of which is
hereby acknowledged, and intending to be legally bound, the parties hereto agree as follows: 
 1. Definitions. Capitalized terms
used but not defined in this Amendment shall have the meanings given to them in the Loan Agreement. 
 2. Amendments to Loan
Agreement. 
 2.1 Section 13 (Definitions). 

(a) The following term and definition set forth in Section 13.1 of the Loan Agreement is amended in its entirety and replaced with the
following: 
 “Tranche B Advance Milestone” means the date on which Bank receives and approves evidence
satisfactory to Bank that (i) Borrower has received, on or after the Effective Date, at least Fifteen Million Dollars ($15,000,000) in net proceeds from its Series G round of preferred equity Financing (and including the issuance of convertible
notes to existing investors), on terms acceptable to Bank in its sole discretion, and (ii) Borrower’s actual total revenue for the Testing Fiscal Quarter is greater than or equal to seventy percent (70%) of the forecasted total
revenue for the Testing Fiscal Quarter (based on the August 6, 2010 projections plan previously delivered to Bank), 

  
 1. 

 (b) The following term and its definition is hereby added, in proper alphabetical order, to
Section 13.l of the Loan Agreement: 
 “Testing Fiscal Quarter” means the Borrower’s most recent fiscal quarter
immediately prior to Borrower’s request for a Tranche B Advance. 
 3. Limitation of Amendments. 

3.1 The amendments set forth in Section 2, above, are effective for the purposes set forth herein and shall be limited precisely
as written and shall not be deemed to (a) be a consent to any amendment, waiver or modification of any other term or condition of any Loan Document, or (b) otherwise prejudice any right or remedy which Bank may now have or may have in the
future under or in connection with any Loan Document. 
 3.2 This Amendment shall be construed in connection with and as part of the
Loan Documents and all terms, conditions, representations, warranties, covenants and agreements set forth in the Loan Documents, except as herein amended, are hereby ratified and confirmed and shall remain in full force and effect. 

4. Representations and Warranties. To induce Bank to enter into this Amendment, Borrower hereby represents and warrants to Bank as
follows: 
 4.1 Immediately after giving effect to this Amendment (a) the representations and warranties contained in the
Loan Documents are true, accurate and complete in all material respects as of the date hereof (except to the extent such representations and warranties relate to an earlier date, in which case they are true and correct as of such date), and
(b) no Event of Default has occurred and is continuing; 
 4.2 Borrower has the power and authority to execute and deliver this
Amendment and to perform its obligations under the Loan Agreement, as amended by this Amendment; 
 4.3 The organizational documents
of Borrower delivered to Bank on the Effective Date remain true, accurate and complete and have not been amended, supplemented or restated and are and continue to be in full force and effect; 

4.4 The execution and delivery by Borrower of this Amendment and the performance by Borrower of its obligations under the Loan
Agreement, as amended by this Amendment have been duly authorized; 
 4.5 The execution and delivery by Borrower of this Amendment
and the performance by Borrower of its obligations under the Loan Agreement, as amended by this Amendment, do not and will not contravene (a) any law or regulation binding on or affecting Borrower, (b) any contractual restriction with a
Person binding on Borrower, (c) any order, 

  
 2. 

 
judgment or decree of any court or other governmental or public body or authority, or subdivision thereof, binding on Borrower, or (d) the organizational documents of Borrower; 

4.6 The execution and delivery by Borrower of this Amendment and the performance by Borrower of its obligations under the Loan
Agreement, as amended by this Amendment do not require any order, consent, approval, license, authorization or validation of; or filing, recording or registration with, or exemption by any governmental or public body or authority, or subdivision
thereof binding on Borrower, except as already has been obtained or made; and 
 4.7 This Amendment has been duly executed and
delivered by Borrower and is the binding obligation of Borrower, enforceable against Borrower in accordance with its terms, except as such enforceability may be limited by bankruptcy, insolvency, reorganization, liquidation, moratorium or other
similar laws of general application and equitable principles relating to or affecting creditors’ rights. 
 5. Counterparts.
This Amendment may be executed in any number of counterparts and all of such counterparts taken together shall be deemed to constitute one and the same instrument. 

6. Effectiveness. This Amendment shall be deemed effective upon the due execution and delivery to Bank of this Amendment by each party
hereto. 
 [Signature page follows.] 

  
 3. 

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

			
	BANK
	
	 SILICON VALLEY BANK

		
	By:	 	 /s/ Matthew Wright

	Name:	 	 Matthew Wright

	Title:	 	 RM

	
	BORROWER
	
	 EASIC CORPORATION

		
	By:	 	 /s/ Ronnie Vasishta

	Name:	 	 Ronnie Vasishta

	Title:	 	 President/CEO

  
 [Signature Page to
First Amendment to Loan and Security Agreement] 

 SECOND AMENDMENT TO 

LOAN AND SECURITY AGREEMENT 

THIS SECOND AMENDMENT TO LOAN AND SECURITY AGREEMENT (this “Amendment”) is entered into this 28th day of September, 2012, by and between SILICON VALLEY BANK (“Bank”) and EASIC CORPORATION, a Delaware corporation (“Borrower”) whose address is 2585
Augustine Drive, Suite 100, Santa Clara, California 95054. 
 RECITALS 

A. Bank and Borrower have entered into that certain Loan and Security Agreement dated as of September 29, 2010, as amended by that
certain First Amendment to Loan and Security Agreement dated as of January 20, 2011 by and between Bank and Borrower (as the same may from time to time be further amended, modified, supplemented or restated, the “Loan
Agreement”). 
 B. Bank has extended credit to Borrower for the purposes permitted in the Loan Agreement 

C. Borrower has requested that Bank amend the Loan Agreement to (i) extend the Revolving Line Maturity Date, and (ii) make
certain other revisions to the Loan Agreement as more fully set forth herein. 
 D. Bank has agreed to so amend certain provisions of
the Loan only to the extent, in accordance with the terms, subject to the conditions and in reliance upon the representations and warranties set forth below. 

AGREEMENT 

NOW, THEREFORE, in consideration of the foregoing recitals and other good and valuable consideration, the receipt and adequacy of which is
hereby acknowledged, and intending to be legally bound, the parties hereto agree as follows: 
 1. Definitions. Capitalized terms
used but not defined in this Amendment shall have the meanings given to them in the Loan Agreement 
 2. Amendments to Loan
Agreement. 
 2.1 Section 13 (Definitions). The following term and definition set forth in Section 13.1 of the Loan
Agreement is amended in its entirety and replaced with the following: 
 “Revolving Line Maturity Date” is
December 28, 2012. 
 3. Limitation of Amendments. 

3.1 The amendments set forth in Section 2, above, are effective for the purposes set forth herein and shall be limited precisely
as written and shall not be deemed to (a) be a consent to any amendment, waiver or modification of any other term or condition of any Loan Document, or (b) otherwise prejudice any right or remedy which Bank may now have or may have in the
future under or in connection with any Loan Document. 

  
 1. 

 3.2 This Amendment shall be construed in connection with and as part of the Loan Documents
and all terms, conditions, representations, warranties, covenants and agreements set forth in the Loan Documents, except as herein amended, are hereby ratified and confirmed and shall remain in full force and effect. 

4. Representations and Warranties. To induce Bank to enter into this Amendment, Borrower hereby represents and warrants to Bank as
follows: 
 4.1 Immediately after giving effect to this Amendment (a) the representations and warranties contained in the
Loan Documents are true, accurate and complete in all material respects as of the date hereof (except to the extent such representations and warranties relate to an earlier date, in which case they are true and correct as of such date), and
(b) no Event of Default has occurred and is continuing; 
 4.2 Borrower has the power and authority to execute and deliver this
Amendment and to perform its obligations under the Loan Agreement, as amended by this Amendment; 
 4.3 The organizational documents
of Borrower delivered to Bank on Effective Date remain true, accurate and complete and have not been amended, supplemented or restated and are and continue to be in full force and effect; 

4.4 The execution and delivery by Borrower of this Amendment and the performance by Borrower of its obligations under the Loan
Agreement, as amended by this Amendment, have been duly authorized; 
 4.5 The execution and delivery by Borrower of this Amendment
and the performance by Borrower of its obligations under the Loan Agreement, as amended by this Amendment, do not and will not contravene (a) any law or regulation binding on or affecting Borrower, (b) any contractual restriction with a
Person binding on Borrower, (c) any order, judgment or decree of any court or other governmental or public body or authority, or subdivision thereof binding on Borrower, or (d) the organizational documents of Borrower; 

4.6 The execution and delivery by Borrower of this Amendment and the performance by Borrower of its obligations under the Loan
Agreement, as amended by this Amendment, do not require any order, consent, approval, license, authorization or validation of, or filing, recording or registration with, or exemption by any governmental or public body or authority, or subdivision
thereof; binding on Borrower, except as already has been obtained or made; and 
 4.7 This Amendment has been duly executed and
delivered by Borrower and is the binding obligation of Borrower, enforceable against Borrower in accordance with its terms, except as such enforceability may be limited by bankruptcy, insolvency, reorganization, liquidation, moratorium or other
similar laws of general application and equitable principles relating to or affecting creditors’ rights. 

  
 2. 

 5. Counterparts. This Amendment may be executed in any number of counterparts and all of
such counterparts taken together shall be deemed to constitute one and the same instrument. 
 6. Effectiveness. This
Amendment shall be deemed effective upon (a) the due execution and delivery to Bank of this Amendment by each party hereto, (b) Borrower’s payment of a non-refundable amendment fee in the amount of Three Thousand Seven Hundred Fifty
Dollars ($3,750), and (c) payment of Bank’s legal fees and expenses in connection with the negotiation and preparation of this Amendment. 

[Signature page follows.] 

  
 3. 

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

			
	BANK
	
	 SILICON VALLEY BANK

		
	By:	 	 /s/ Matthew Wright

	Name:	 	 Matthew Wright

	Title:	 	 RM

	
	BORROWER
	
	 EASIC CORPORATION

		
	By:	 	 /s/ Ronnie Vasishta

	Name:	 	 Ronnie Vasishta

	Title:	 	 CEO

  
 [Signature Page to
Second Amendment to Loan and Security Agreement] 

 THIRD AMENDMENT TO 

LOAN AND SECURITY AGREEMENT 

THIS THIRD AMENDMENT TO LOAN AND SECURITY AGREEMENT (this “Amendment”) is entered into this 2nd day of January, 2013, but effective as of December 28th 2012, by and between SILICON VALLEY BANK (“Bank”) and
EASIC CORPORATION, a Delaware corporation (“Borrower”) whose address is 2585 Augustine Drive, Suite 100, Santa Clara, California 95054. 

RECITAL 

A. Bank and Borrower have entered into that certain Loan and Security Agreement dated as of September 29, 2010, as amended by that
certain First Amendment to Loan and Security Agreement dated as of January 20, 2011 by and between Bank and Borrower, and as amended by that certain Second Amendment to Loan and Security Agreement dated as of September 28, 2012 by and
between Bank and Borrower (as the same may from time to time be further amended, modified, supplemented or restated, the “Loan Agreement”). 

B. Bank has extended credit to Borrower for the purposes permitted in the Loan Agreement. 

C. Borrower has requested that Bank amend the Loan Agreement to (i) extend the Revolving Line Maturity Date, and (ii) make
certain other revisions to the Loan Agreement as more fully set forth herein. 
 D. Bank has agreed to so amend certain provisions of
the Loan Agreement, but only to the extent, in accordance with the terms, subject to the conditions and in reliance upon the representations and warranties set forth below. 

AGREEMENT 

NOW, THEREFORE, in consideration of the foregoing recitals and other good and valuable consideration, the receipt and adequacy of which is
hereby acknowledged, and intending to be legally bound, the parties hereto agree as follows: 
 1. Definitions. Capitalized terms
used but not defined in this Amendment shall have the meanings given to them in the Loan Agreement. 
 2. Amendments to Loan
Agreement. 
 2.1 Section 13 (Definitions). The following term and definition set forth in Section 13.1 of the Loan
Agreement is amended in its entirety and replaced with the following: 
 “Revolving Line Maturity Date” is
January 31, 2013. 

  
 1. 

 3. Limitation of Amendments. 

3.1 The amendment set forth in Section 2, above, is effective for the purposes set forth herein and shall be limited precisely as
written and shall not be deemed to (a) be a consent to any amendment, waiver or modification of any other term or condition of any Loan Document, or (b) otherwise prejudice any right or remedy which Bank may now have or may have in the
future under or in connection with any Loan Document. 
 3.2 This Amendment shall be construed in connection with and as part of the
Loan Documents and all terms, conditions, representations, warranties, covenants and agreements set forth in the Loan Documents, except as herein amended, are hereby ratified and confirmed and shall remain in full force and effect. 

4. Representations and Warranties. To induce Bank to enter into this Amendment, Borrower hereby represents and warrants to Bank as
follows: 
 4.1 Immediately after giving effect to this Amendment (a) the representations and warranties contained in the
Loan Documents are true, accurate and complete in all material respects as of the date hereof (except to the extent such representations and warranties relate to an earlier date, in which case they are true and correct as of such date), and
(b) no Event of Default has occurred and is continuing; 
 4.2 Borrower has the power and authority to execute and deliver this
Amendment and to perform its obligations under the Loan Agreement, as amended by this Amendment; 
 4.3 The organizational documents
of Borrower delivered to Bank on the Effective Date remain true, accurate and complete and have not been amended, supplemented or restated and are and continue to be in full force and effect; 

4.4 The execution and delivery by Borrower of this Amendment and the performance by Borrower of its obligations under the Loan
Agreement, as amended by this Amendment, have been duly authorized; 
 4.5 The execution and delivery by Borrower of this Amendment
and the performance by Borrower of its obligations under the Loan Agreement, as amended by this Amendment, do not and will not contravene (a) any law or regulation binding on or affecting Borrower, (b) any contractual restriction with a
Person binding on Borrower, (c) any order, judgment or decree of any court or other governmental or public body or authority, or subdivision thereof, binding on Borrower, or (d) the organizational documents of Borrower; 

4.6 The execution and delivery by Borrower of this Amendment and the performance by Borrower of its obligations under the Loan
Agreement, as amended by this Amendment, do not require any order, consent, approval, license, authorization or validation of, or filing, recording or registration with, or exemption by any governmental or public body or authority, or subdivision
thereof, binding on Borrower, except as already has been obtained or made; and 

  
 2. 

 4.7 This Amendment has been duly executed and delivered by Borrower and is the binding
obligation of Borrower, enforceable against Borrower in accordance with its terms, except as such enforceability may be limited by bankruptcy, insolvency, reorganization, liquidation, moratorium or other similar laws of general application and
equitable principles relating to or affecting creditors’ rights. 
 5. Counterparts. This Amendment may be executed in any
number of counterparts and all of such counterparts taken together shall be deemed to constitute one and the same instrument. 

6. Effectiveness. This Amendment shall be deemed effective upon (a) the due execution and delivery to Bank of this Amendment by
each party hereto, (b) Borrower’s payment of a non-refundable amendment fee in the amount of One Thousand Two Hundred Fifty Dollars ($1,250), and (c) payment of Bank’s legal fees and expenses in connection with the negotiation
and preparation of this Amendment. 
 [Signature page follows.] 

  
 3. 

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

			
	BANK
	
	 SILICON VALLEY BANK

		
	By:	 	 /s/ Matthew Wright

	Name:	 	 Matthew Wright

	Title:	 	  

	
	BORROWER
	
	 EASIC CORPORATION

		
	By:	 	 /s/ Ronnie Vasishta

	Name:	 	 Ronnie Vasishta

	Title:	 	 CEO

  
 [Signature Page to
Third Amendment to Loan and Security Agreement] 

 FOURTH AMENDMENT TO 

LOAN AND SECURITY AGREEMENT 

THIS FOURTH AMENDMENT TO LOAN AND SECURITY AGREEMENT (this “Amendment”) is entered into this 15 day of
February, 2013, but effective as of January 31, 2013, by and between SILICON VALLEY BANK (“Bank”) and EASIC CORPORATION, a Delaware corporation (“Borrower”) whose address is 2585 Augustine Drive,
Suite 100, Santa Clara, California 95054. 
 RECITALS 

A. Bank and Borrower have entered into that certain Loan and Security Agreement dated as of September 29, 2010, as amended by that
certain First Amendment to Loan and Security Agreement dated as of January 20, 2011 by and between Bank and Borrower, as amended by that certain Second Amendment to Loan and Security Agreement dated as of September 28, 2012 by and between
Bank and Borrower, and as amended by that certain Third Amendment to Loan and Security Agreement dated January 2, 2013, but effective as of December 28, 2012 by and between Bank and Borrower (as the same may from time to time be further
amended, modified, supplemented or restated, the “Loan Agreement”). 
 B. Bank has extended credit to Borrower for
the purposes permitted in the Loan Agreement. 
 C. Borrower has requested that Bank amend the Loan Agreement to (i) extend the
Revolving Line Maturity Date, and (ii) make certain other revisions to the Loan Agreement as more fully set forth herein. 
 D.
Bank has agreed to so amend certain provisions of the Loan Agreement, but only to the extent, in accordance with the terms, subject to the conditions and in reliance upon the representations and warranties set forth below. 

AGREEMENT 

NOW, THEREFORE, in consideration of the foregoing recitals and other good and valuable consideration, the receipt and adequacy of which is
hereby acknowledged, and intending to be legally bound, the parties hereto agree as follows: 
 1. Definitions. Capitalized terms
used but not defined in this Amendment shall have the meanings given to them in the Loan Agreement. 
 2. Amendments to Loan Agreement.

 2.1 Section 13 (Definitions). The following term and definition set forth in Section 13.1 of the Loan Agreement is
amended in its entirety and replaced with the following: 
 “Revolving Line Maturity Date” is April 30, 2013. 

  
 1. 

 3. Limitation of Amendment. 

3.1 The amendment set forth in Section 2, above, is effective for the purposes set forth herein and shall be limited precisely as
written and shall not be deemed to (a) be a consent to any amendment, waiver or modification of any other term or condition of any Loan Document, or (b) otherwise prejudice any right or remedy which Bank may now have or may have in the
future under or in connection with any Loan Document. 
 3.2 This Amendment shall be construed in connection with and as part of the
Loan Documents and all terms, conditions, representations, warranties, covenants and agreements set forth in the Loan Documents, except as herein amended, are hereby ratified and confirmed and shall remain in full force and effect. 

4. Representations and Warranties. To induce Bank to enter into this Amendment, Borrower hereby represents and warrants to Bank as
follows: 
 4.1 Immediately after giving effect to this Amendment (a) the representations and warranties contained in the Loan
Documents are true, accurate and complete in all material respects as of the date hereof (except to the extent such representations and warranties relate to an earlier date, in which case they are true and correct as of such date), and (b) no
Event of Default has occurred and is continuing; 
 4.2 Borrower has the power and authority to execute and deliver this Amendment
and to perform its obligations under the Loan Agreement, as amended by this Amendment; 
 4.3 The organizational documents of
Borrower delivered to Bank on the Effective Date remain true, accurate and complete and have not been amended, supplemented or restated and are and continue to be in full force and effect; 

4.4 The execution and delivery by Borrower of this Amendment and the performance by Borrower of its obligations under the Loan
Agreement, as amended by this Amendment, have been duly authorized; 
 4.5 The execution and delivery by Borrower of this Amendment
and the performance by Borrower of its obligations under the Loan Agreement, as amended by this Amendment, do not and will not contravene (a) any law or regulation binding on or affecting Borrower, (b) any contractual restriction with a
Person binding on Borrower, (c) any order, judgment or decree of any court or other governmental or public body or authority, or subdivision thereof, binding on Borrower, or (d) the organizational documents of Borrower; 

4.6 The execution and delivery by Borrower of this Amendment and the performance by Borrower of its obligations under the Loan
Agreement, as amended by this Amendment, do not require any order, consent, approval, license, authorization or validation of, or filing, recording or registration with, or exemption by any governmental or public body or authority, or subdivision
thereof, binding on Borrower, except as already has been obtained or made; and 

  
 2. 

 4.7 This Amendment has been duly executed and delivered by Borrower and is the binding
obligation of Borrower, enforceable against Borrower in accordance with its terms, except as such enforceability may be limited by bankruptcy, insolvency, reorganization, liquidation, moratorium or other similar laws of general application and
equitable principles relating to or affecting creditors’ rights. 
 5. Counterparts. This Amendment may be executed in any
number of counterparts and all of such counterparts taken together shall be deemed to constitute one and the same instrument. 
 6.
Effectiveness. This Amendment shall be deemed effective upon (a) the due execution and delivery to Bank of this Amendment by each party hereto, (b) Borrower’s payment of a non-refundable amendment fee in the amount of Three
Thousand Seven Hundred Fifty Dollars ($3,750), and (c) payment of Bank’s legal fees and expenses in connection with the negotiation and preparation of this Amendment. 

[Signature page follows.] 

  
 3. 

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

			
	BANK:
	
	 SILICON VALLEY BANK

		
	By:	 	 /s/ Matthew Wright

	Name:	 	 Matthew Wright

	Title:	 	 RM

	
	BORROWER:
	
	 EASIC CORPORATION

		
	By:	 	 /s/ Ronnie Vasishta

	Name:	 	 Ronnie Vasishta

	Title:	 	 CEO

  
 [Signature Page to
Fourth Amendment to Loan and Security Agreement] 

 FIFTH AMENDMENT TO 

LOAN AND SECURITY AGREEMENT 

THIS FIFTH AMENDMENT TO LOAN AND SECURITY AGREEMENT (this “Amendment”) is entered into this 6th day of May, 2013, but effective as of April 30, 2013, by and between SILICON VALLEY BANK (“Bank”) and EASIC CORPORATION, a Delaware corporation
(“Borrower”) whose address is 2585 Augustine Drive, Suite 100, Santa Clara, California 95054. 
 RECITALS

 A. Bank and Borrower have entered into that certain Loan and Security Agreement dated as of September 29, 2010, as
amended by that certain First Amendment to Loan and Security Agreement dated as of January 20, 2011 by and between Bank and Borrower, as amended by that certain Consent Agreement dated April 29, 2011 by and between Bank and Borrower, as
amended by that certain Second Amendment to Loan and Security Agreement dated as of September 28, 2012 by and between Bank and Borrower, as amended by that certain Third Amendment to Loan and Security Agreement dated January 2, 2013, but
effective as of December 28, 2012 by and between Bank and Borrower, and as amended by that certain Fourth Amendment to Loan and Security Agreement dated February 15, 2013, but effective as of January 31, 2013 by and between Bank and
Borrower (as the same may from time to time be further amended, modified, supplemented or restated, the “Loan Agreement”). 

B. Bank has extended credit to Borrower for the purposes permitted in the Loan Agreement. 

C. Borrower contemplates obtaining a secured term loan (the “Silver Lake Loan”) from Silver Lake Waterman Fund, L.P.,
a Delaware limited partnership, in its capacity as agent and as lender (“Silver Lake”), in an aggregate principal amount of Fifteen Million Dollars ($15,000,000) (the “Silver Lake Loan Maximum”). 

D. Borrower has requested that Bank (a) consent to the Silver Lake Loan and (b) amend the Loan Agreement to (i) extend
the Revolving Line Maturity Date, and (ii) make certain other revisions to the Loan Agreement as more fully set forth herein. 
 E.
Although Bank is under no obligation to do so, Bank is willing to consent to the Silver Lake Loan and amend certain provisions of the Loan Agreement as more fully set forth herein, but only to the extent, in accordance with the terms, subject to
the conditions and in reliance upon the representations and warranties set forth below. 
 AGREEMENT 

NOW, THEREFORE, in consideration of the foregoing recitals and other good and valuable consideration, the receipt and adequacy of which is
hereby acknowledged, and intending to be legally bound, the parties hereto agree as follows: 
 1. Definitions. Capitalized terms
used but not defined in this Amendment shall have the meanings given to them in the Loan Agreement. 

  
 1. 

 2. Silver Lake Loan. 

2.1 Consent. Subject to the express terms of Section 7 and 8 below, Bank hereby (a) consents to the Silver Lake Loan,
(b) agrees that the Silver Lake Loan shall constitute “Permitted Indebtedness” under the Loan Agreement to the extent the aggregate principal amount advanced under the Silver Lake Loan does not exceed the Silver Lake Loan Maximum, and
(c) agrees that the Lien in favor of Silver Lake to secure the Silver Lake Loan shall be considered a “Permitted Lien” under the Loan Agreement to the extent the aggregate principal amount secured thereby does not exceed the Silver
Lake Loan Maximum. The consent set forth in this Section shall not be deemed or otherwise construed to constitute a consent or waiver of any provisions of the Loan Agreement or any other Loan Document in connection with any other transaction other
than as specifically set forth in this Amendment. 
 2.2 Covenants and Defaults. Bank and Borrower hereby acknowledge and
agree that (a) Borrower shall not amend, modify or supplement any of the Silver Lake Loan Documents (as hereinafter defined) in a manner which would (i) increase the principal amount of Silver Lake Loan, (ii) increase any applicable
interest rate with respect to the Silver Lake Loan by more than 200 basis points (excluding increases based solely on (A) changes to the prime rate or any other index and (B) the imposition of the default rate of interest in accordance
with the Silver Lake Loan Documents), (iii) change the terms of principal or interest repayment with respect to the Silver Lake Loan, (iv) change the payment schedule with respect to the Silver Lake Loan, (v) add express conditions
that directly restrict the payment of the Obligations, (vi) change the maturity date with respect to the Silver Lake Loan from that set forth in the Silver Lake Loan Documents in effect as of the Silver Lake Loan Documents Execution Date (as
defined below), or (vii) change the definition of Collateral set forth in the Silver Lake Loan Documents from the definition in effect as of the Silver Lake Loan Documents Execution Date (as defined below); (b) the occurrence of a default
under the Silver Lake Loan Documents (if such default is not waived, or otherwise cured within any applicable grace period provided therein) shall be an Event of Default under the Loan Agreement; and (c) any breach of the Silver Lake
Subordination Agreement (as hereinafter defined) by Silver Lake shall be an Event of Default under the Loan Agreement (if such breach is not otherwise cured within any applicable grace period). 

3. Amendments to Loan Agreement. 

3.1 Execution of Silver Lake Loan Documents; Payoff of Indebtedness under Gold Hill Loan. Provided that Borrower and Silver Lake
have fully executed the Silver Lake Loan Documents and such Silver Lake Loan Documents are in full force and effect (the date on which the Silver Lake Loan Documents have been fully executed being called, the “Silver Lake Loan Documents
Execution Date”), Bank and Borrower agree that Borrower shall pay all, but not less than all, of the Indebtedness owing to Gold Hill under the Gold Hill Loan (the “Gold Hill Payoff”) on the date that is one (1) day
immediately prior to the day on which the funding of the Silver Lake Loan occurs, resulting in Borrower’s receipt of at least Ten Million Dollars ($10,000,000) in the first tranche of the Silver Lake Loan. 

3.2 Payoff of Obligations Related to Growth Capital Advances. Notwithstanding anything to the contrary in the Loan Agreement, on a date
not later than one hundred twenty (120) days after the Silver Lake Loan Documents Execution Date, Bank and 

  
 2. 

 
Borrower agree that Borrower shall prepay all, but not less than all, of (A) all accrued and unpaid interest with respect to the Growth Capital Advances through the date the prepayment is
made; (B) all unpaid principal with respect to the Growth Capital Advances; (C) the Final Payment and (D) all other sums relating to the Growth Capital Advances, if any, that shall have become due and payable under the Loan Agreement.

 3.3 Section 13 (Definitions). The following term and definition set forth in Section 13.1 of the Loan Agreement is
amended in its entirety and replaced with the following: 
 “Revolving Line Maturity Date” is June 14, 2013. 

4. Limitation of Consent and Amendments. 

4.1 The consent set forth in Section 2 and the amendments set forth in Section 3 above are effective for the purposes set
forth herein and shall be limited precisely as written and shall not be deemed to (a) be a consent to any amendment, waiver or modification of any other term or condition of any Loan Document, or (b) otherwise prejudice any right or remedy
which Bank may now have or may have in the future under or in connection with any Loan Document. 
 4.2 This Amendment shall be
construed in connection with and as part of the Loan Documents and all terms, conditions, representations, warranties, covenants and agreements set forth in the Loan Documents, except as herein amended, are hereby ratified and confirmed and shall
remain in full force and effect. 
 4.3 In addition to those Events of Default specifically enumerated in the Loan Documents, the
failure to comply with the terms of any covenant or agreement contained herein shall constitute an Event of Default and shall entitle the Bank to exercise all rights and remedies provided to the Bank under the terms of any of the other Loan
Documents as a result of the occurrence of the same. 
 5. Representations and Warranties. To induce Bank to enter into this
Amendment, Borrower hereby represents and warrants to Bank as follows: 
 5.1 Immediately after giving effect to this
Amendment (a) the representations and warranties contained in the Loan Documents are true, accurate and complete in all material respects as of the date hereof (except to the extent such representations and warranties relate to an earlier date,
in which case they are true and correct as of such date), and (b) no Event of Default has occurred and is continuing; 
 5.2
Borrower has the power and authority to execute and deliver this Amendment and to perform its obligations under the Loan Agreement, as amended by this Amendment; 

5.3 The organizational documents of Borrower delivered to Bank on the Effective Date remain true, accurate and complete and have not
been amended, supplemented or restated and are and continue to be in full force and effect; 

  
 3. 

 5.4 The execution and delivery by Borrower of this Amendment and the performance by
Borrower of its obligations under the Loan Agreement, as amended by this Amendment, have been duly authorized; 
 5.5 The execution
and delivery by Borrower of this Amendment and the performance by Borrower of its obligations under the Loan Agreement, as amended by this Amendment, do not and will not contravene (a) any law or regulation binding on or affecting Borrower,
(b) any contractual restriction with a Person binding on Borrower, (c) any order, judgment or decree of any court or other governmental or public body or authority, or subdivision thereof, binding on Borrower, or (d) the
organizational documents of Borrower; 
 5.6 The execution and delivery by Borrower of this Amendment and the performance by Borrower
of its obligations under the Loan Agreement, as amended by this Amendment, do not require any order, consent, approval, license, authorization or validation of, or filing, recording or registration with, or exemption by any governmental or public
body or authority, or subdivision thereof, binding on Borrower, except as already has been obtained or made; 
 5.7 This Amendment
has been duly executed and delivered by Borrower and is the binding obligation of Borrower, enforceable against Borrower in accordance with its terms, except as such enforceability may be limited by bankruptcy, insolvency, reorganization,
liquidation, moratorium or other similar laws of general application and equitable principles relating to or affecting creditors’ rights; and 

5.8 True, complete and correct copies of all of the documents relating to, evidencing or securing the Silver Lake Loan the Silver Lake
Loan, including all amendments, supplements and other modifications thereto (the “Silver Lake Loan Documents”) will be delivered in accordance with Section 8 of this Amendment, and attached as Exhibit A. 

6. Counterparts. This Amendment may be executed in any number of counterparts and all of such counterparts taken together shall be
deemed to constitute one and the same instrument. 
 7. Effectiveness. This Amendment shall be deemed effective on
April 30, 2013 upon (a) the due execution and delivery to Bank of this Amendment by each party hereto, (b) Borrower’s payment of a non-refundable amendment fee in the amount of One Thousand Eight Hundred Seventy-Five Dollars
($1,875), and (c) payment of Bank’s legal fees and expenses in connection with the negotiation and preparation of this Amendment. 

8. Post-Closing Matters. Borrower shall deliver to Bank within one (1) Business Day of the Silver Lake Loan Documents Execution
Date (i) copies of the Silver Lake Loan Documents, and (b) the Subordination Agreement substantially in the form attached hereto as Schedule 1, duly executed by Silver Lake (the “Silver Lake Subordination Agreement”).
Following the Silver Lake Loan Documents Execution Date, Borrower shall promptly pay Bank’s legal fees and expenses in connection with the negotiation and preparation of the Silver Lake Subordination Agreement, and the review of the Silver Lake
Loan Documents. 
 [Signature page follows.] 

  
 4. 

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

			
	BANK:
	
	 SILICON VALLEY BANK

		
	By:	 	 /s/ Matthew Wright

	Name:	 	 Matthew Wright

	Title:	 	 VP

	
	BORROWER:
	
	 EASIC CORPORATION

		
	By:	 	 /s/ Ronnie Vasishta

	Name:	 	 Ronnie Vasishta

	Title:	 	 President & CEO

  
 [Signature Page to
Fifth Amendment to Loan and Security Agreement] 

 SIXTH AMENDMENT TO 

LOAN AND SECURITY AGREEMENT 

THIS SIXTH AMENDMENT TO LOAN AND SECURITY AGREEMENT (this “Amendment”) is entered into this 14th day of June,
2013, but effective as of June 14, 2013, by and between SILICON VALLEY BANK (“Bank”) and EASIC CORPORATION, a Delaware corporation (“Borrower”) whose address is 2585 Augustine Drive, Suite 100,
Santa Clara, California 95054. 
 RECITALS 

A. Bank and Borrower have entered into that certain Loan and Security Agreement dated September 29, 2010, as amended by that
certain First Amendment to Loan and Security Agreement dated January 20, 2011 by and between Bank and Borrower, as amended by that certain Consent Agreement dated April 29, 2011 by and between Bank and Borrower, as amended by that certain
Second Amendment to Loan and Security Agreement dated September 28, 2012 by and between Bank and Borrower, as amended by that certain Third Amendment to Loan and Security Agreement dated January 2, 2013, but effective as of
December 28, 2012 by and between Bank and Borrower, as amended by that certain Fourth Amendment to Loan and Security Agreement dated February 15, 2013, but effective as of January 31, 2013 by and between Bank and Borrower, and as
amended by that certain Fifth Amendment to Loan and Security Agreement dated May 6, 2013, but effective as of April 30, 2013 (as the same may from time to time be further amended, modified, supplemented or restated, the “Loan
Agreement”). 
 B. Bank has extended credit to Borrower for the purposes permitted in the Loan Agreement. 

C. Borrower has requested that Bank amend the Loan Agreement to (i) extend the Revolving Line Maturity Date, and (ii) make
certain other revisions to the Loan Agreement as more fully set forth herein. 
 D. Although Bank is under no obligation to do
so, Bank is willing to amend certain provisions of the Loan Agreement as more fully set forth herein, but only to the extent, in accordance with the terms, subject to the conditions and in reliance upon the representations and warranties set forth
below. 
 AGREEMENT 

NOW, THEREFORE, in consideration of the foregoing recitals and other good and valuable consideration, the receipt and adequacy of which
is hereby acknowledged, and intending to be legally bound, the parties hereto agree as follows: 
 1. Definitions. Capitalized
terms used but not defined in this Amendment shall have the meanings given to them in the Loan Agreement. 

 2. Amendment to Loan Agreement. 

2.1 Section 13 (Definitions). The definition of “Revolving Line Maturity Date” set forth in Section 13.1 of
the Loan Agreement is hereby amended in its entirety and replaced with the following: 
 “Revolving Line Maturity Date” is
July 28, 2013. 
 3. Limitation of Amendment. 

3.1 The amendment set forth in Section 2, above, is effective for the purposes set forth herein and shall be limited precisely as
written and shall not be deemed to (a) be a consent to any amendment, waiver or modification of any other term or condition of any Loan Document, or (b) otherwise prejudice any right or remedy which Bank may now have or may have in the
future under or in connection with any Loan Document. 
 3.2 This Amendment shall be construed in connection with and as part of the
Loan Documents and all terms, conditions, representations, warranties, covenants and agreements set forth in the Loan Documents, except as herein amended, are hereby ratified and confirmed and shall remain in full force and effect. 

4. Representations and Warranties. To induce Bank to enter into this Amendment, Borrower hereby represents and warrants to Bank as
follows: 
 4.1 Immediately after giving effect to this Amendment (a) the representations and warranties contained in the
Loan Documents are true, accurate and complete in all material respects as of the date hereof (except to the extent such representations and warranties relate to an earlier date, in which case they are true and correct as of such date), and
(b) no Event of Default has occurred and is continuing; 
 4.2 Borrower has the power and authority to execute and deliver this
Amendment and to perform its obligations under the Loan Agreement, as amended by this Amendment; 
 4.3 The organizational documents
of Borrower delivered to Bank on the Effective Date remain true, accurate and complete and have not been amended, supplemented or restated and are and continue to be in full force and effect; 

4.4 The execution and delivery by Borrower of this Amendment and the performance by Borrower of its obligations under the Loan
Agreement, as amended by this Amendment, have been duly authorized; 
 4.5 The execution and delivery by Borrower of this Amendment
and the performance by Borrower of its obligations under the Loan Agreement, as amended by this Amendment, do not and will not contravene (a) any law or regulation binding on or affecting Borrower, (b) any contractual restriction with a
Person binding on Borrower, (c) any order, judgment or decree of any court or other governmental or public body or authority, or subdivision thereof, binding on Borrower, or (d) the organizational documents of Borrower; 

  
 2 

 4.6 The execution and delivery by Borrower of this Amendment and the performance by
Borrower of its obligations under the Loan Agreement, as amended by this Amendment, do not require any order, consent, approval, license, authorization or validation of, or filing, recording or registration with, or exemption by any governmental or
public body or authority, or subdivision thereof, binding on Borrower, except as already has been obtained or made; and 
 4.7 This
Amendment has been duly executed and delivered by Borrower and is the binding obligation of Borrower, enforceable against Borrower in accordance with its terms, except as such enforceability may be limited by bankruptcy, insolvency, reorganization,
liquidation, moratorium or other similar laws of general application and equitable principles relating to or affecting creditors’ rights. 

5. Integration. This Amendment and the Loan Documents represent the entire agreement about this subject matter and supersede prior
negotiations or agreements. All prior agreements, understandings, representations, warranties, and negotiations between the parties about the subject matter of this Amendment and the Loan Documents merge into this Amendment and the Loan
Documents. 
 6. Counterparts. This Amendment may be executed in any number of counterparts and all of such counterparts taken
together shall be deemed to constitute one and the same instrument. 
 7. Effectiveness. This Amendment shall be deemed
effective as of June 14, 2013 upon (a) the due execution and delivery to Bank of this Amendment by each party hereto, (b) Borrower’s payment of a non-refundable amendment fee in the amount of One Thousand Eight Hundred
Seventy-Five Dollars ($1,875), and (c) payment of Bank’s legal fees and expenses in connection with the negotiation and preparation of this Amendment. 

[Signature page follows.] 

  
 3 

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

			
	BANK:
	
	 SILICON VALLEY BANK

		
	By:	 	 /s/ Matthew Wright

	Name:	 	 Matthew Wright

	Title:	 	  

	
	BORROWER:
	
	 EASIC CORPORATION

		
	By:	 	 /s/ Ronnie Vasishta

	Name:	 	 Ronnie Vasishta

	Title:	 	 President & CEO

  
 [Signature Page to
Sixth Amendment to Loan and Security Agreement] 

 SEVENTH AMENDMENT TO 

LOAN AND SECURITY AGREEMENT 

THIS SEVENTH AMENDMENT TO LOAN AND SECURITY AGREEMENT (this “Amendment”) is entered into this 19th day of July,
2013, by and between SILICON VALLEY BANK (“Bank”) and EASIC CORPORATION, a Delaware corporation (“Borrower”) whose address is 2585 Augustine Drive, Suite 100, Santa Clara, California 95054. 

RECITALS 

A. Bank and Borrower have entered into that certain Loan and Security Agreement dated September 29, 2010, as amended by that
certain First Amendment to Loan and Security Agreement dated January 20, 2011 by and between Bank and Borrower, as amended by that certain Consent Agreement dated April 29, 2011 by and between Bank and Borrower, as amended by that certain
Second Amendment to Loan and Security Agreement dated September 28, 2012 by and between Bank and Borrower, as amended by that certain Third Amendment to Loan and Security Agreement dated January 2, 2013, but effective as of
December 28, 2012 by and between Bank and Borrower, as amended by that certain Fourth Amendment to Loan and Security Agreement dated February 15, 2013, but effective as of January 31, 2013 by and between Bank and Borrower, as amended
by that certain Fifth Amendment to Loan and Security Agreement dated May 6, 2013, but effective as of April 30, 2013, and as amended by that certain Sixth Amendment to Loan and Security Agreement dated June 14, 2013 (as the same may
from time to time be further amended, modified, supplemented or restated, the “Loan Agreement”). 
 B. Bank has
extended credit to Borrower for the purposes permitted in the Loan Agreement. 
 C. Borrower has requested that Bank amend the Loan
Agreement to (i) extend the Revolving Line Maturity Date, and (ii) make certain other revisions to the Loan Agreement as more fully set forth herein. 

D. Although Bank is under no obligation to do so, Bank is willing to amend certain provisions of the Loan Agreement as more fully set
forth herein, but only to the extent, in accordance with the terms, subject to the conditions and in reliance upon the representations and warranties set forth below. 

AGREEMENT 

NOW, THEREFORE, in consideration of the foregoing recitals and other good and valuable consideration, the receipt and adequacy of which
is hereby acknowledged, and intending to be legally bound, the parties hereto agree as follows: 
 1. Definitions. Capitalized terms
used but not defined in this Amendment shall have the meanings given to them in the Loan Agreement. 

  
 1. 

 2. Amendment to Loan Agreement. 

2.1 Section 13 (Definitions). The definition of “Revolving Line Maturity Date” set forth in Section 13.1 of the
Loan Agreement is amended in its entirety and replaced with the following: 
 “Revolving Line Maturity Date” is
September 27, 2013. 
 3. Limitation of Amendment. 

3.1 The amendment set forth in Section 2, above, is effective for the purposes set forth herein and shall be limited precisely as
written and shall not be deemed to (a) be a consent to any amendment, waiver or modification of any other term or condition of any Loan Document, or (b) otherwise prejudice any right or remedy which Bank may now have or may have in the
future under or in connection with any Loan Document. 
 3.2 This Amendment shall be construed in connection with and as part of the
Loan Documents and all terms, conditions, representations, warranties, covenants and agreements set forth in the Loan Documents, except as herein amended, are hereby ratified and confirmed and shall remain in full force and effect. 

4. Representations and Warranties. To induce Bank to enter into this Amendment, Borrower hereby represents and warrants to Bank as
follows: 
 4.1 Immediately after giving effect to this Amendment (a) the representations and warranties contained in the Loan
Documents are true, accurate and complete in all material respects as of the date hereof (except to the extent such representations and warranties relate to an earlier date, in which case they are true and correct as of such date), and (b) no
Event of Default has occurred and is continuing; 
 4.2 Borrower has the power and authority to execute and deliver this Amendment
and to perform its obligations under the Loan Agreement, as amended by this Amendment; 
 4.3 The organizational documents of
Borrower delivered to Bank on the Effective Date remain true, accurate and complete and have not been amended, supplemented or restated and are and continue to be in full force and effect; 

4.4 The execution and delivery by Borrower of this Amendment and the performance by Borrower of its obligations under the Loan
Agreement, as amended by this Amendment, have been duly authorized; 
 4.5 The execution and delivery by Borrower of this Amendment
and the performance by Borrower of its obligations under the Loan Agreement, as amended by this Amendment, do not and will not contravene (a) any law or regulation binding on or affecting Borrower, (b) any contractual restriction with a
Person binding on Borrower, (c) any order, judgment or decree of any court or other governmental or public body or authority, or subdivision thereof, binding on Borrower, or (d) the organizational documents of Borrower; 

  
 2. 

 4.6 The execution and delivery by Borrower of this Amendment and the performance by
Borrower of its obligations under the Loan Agreement, as amended by this Amendment, do not require any order, consent, approval, license, authorization or validation of, or filing, recording or registration with, or exemption by any governmental or
public body or authority, or subdivision thereof, binding on Borrower, except as already has been obtained or made; and 
 4.7 This
Amendment has been duly executed and delivered by Borrower and is the binding obligation of Borrower, enforceable against Borrower in accordance with its terms, except as such enforceability may be limited by bankruptcy, insolvency, reorganization,
liquidation, moratorium or other similar laws of general application and equitable principles relating to or affecting creditors’ rights. 

5. Integration. This Amendment and the Loan Documents represent the entire agreement about this subject matter and supersede prior
negotiations or agreements. All prior agreements, understandings, representations, warranties, and negotiations between the parties about the subject matter of this Amendment and the Loan Documents merge into this Amendment and the Loan Documents.

 6. Counterparts. This Amendment may be executed in any number of counterparts and all of such counterparts taken together shall be
deemed to constitute one and the same instrument. 
 7. Effectiveness. This Amendment shall be deemed effective upon (a) the due
execution and delivery to Bank of this Amendment by each party hereto, (b) Borrower’s payment of a non-refundable amendment fee in the amount of Two Thousand Five Hundred Dollars ($2,500), and (c) payment of Bank’s legal fees and
expenses in connection with the negotiation and preparation of this Amendment. 
 [Signature page follows.] 

  
 3. 

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

			
	BANK:
	
	 SILICON VALLEY BANK

		
	By:	 	 /s/ Ryan Edwards

	Name:	 	 Ryan Edwards

	Title:	 	 VP

	
	BORROWER:
	
	 EASIC CORPORATION

		
	By:	 	 /s/ Ronnie Vasishta

	Name:	 	 Ronnie Vasishta

	Title:	 	 President & CEO

  
 [Signature Page to
Seventh Amendment to Loan and Security Agreement] 

 EIGHTH AMENDMENT TO 

LOAN AND SECURITY AGREEMENT 

THIS EIGHTH AMENDMENT TO LOAN AND SECURITY AGREEMENT (this “Amendment”) is entered into this 30th day of September,
2013, by and between SILICON VALLEY BANK (“Bank”) and EASIC CORPORATION, a Delaware corporation (“Borrower”) whose address is 2585 Augustine Drive, Suite 100, Santa Clara, California 95054. 

RECITALS 

A. Bank and Borrower have entered into that certain Loan and Security Agreement dated as of September 29, 2010 (as the same may
from time to time be further amended, modified, supplemented or restated, the “Loan Agreement”). 
 B. Bank has
extended credit to Borrower for the purposes permitted in the Loan Agreement. 
 C. Borrower contemplates obtaining a secured term
loan from Horizon Technology Finance Corporation, a Delaware corporation (“Horizon”), in its capacity as collateral agent and as lender and DBD Credit Funding LLC, a Delaware limited liability company (“DBD”), in
its capacity as a lender (such secured term loan being called, the “Horizon/DBD Loan”), in an aggregate principal amount of Six Million Dollars ($6,000,000) (the “Horizon/DBD Loan Maximum”). 

D. Borrower has requested that Bank (a) consent to the Horizon/DBD Loan and (b) amend the Loan Agreement to (i) increase
the Revolving Line, (ii) extend the Revolving Line Maturity Date, and (iii) make certain other revisions to the Loan Agreement as more fully set forth herein. 

E. Although Bank is under no obligation to do so, Bank is willing to consent to the Horizon/DBD Loan and amend certain provisions of
the Loan Agreement as more fully set forth herein, but only to the extent, in accordance with the terms, subject to the conditions and in reliance upon the representations and warranties set forth below. 

AGREEMENT 

NOW, THEREFORE, in consideration of the foregoing recitals and other good and valuable consideration, the receipt and adequacy of which is
hereby acknowledged, and intending to be legally bound, the parties hereto agree as follows: 
 1. Definitions. Capitalized terms
used but not defined in this Amendment shall have the meanings given to them in the Loan Agreement. 
 2. Horizon/DBD Loan.

 2.1 Consent. Subject to the express terms of Section 7 below, Bank hereby (a) consents to the Horizon/DBD
Loan, (b) agrees that the Horizon/DBD Loan shall constitute “Permitted Indebtedness” under the Loan Agreement (pursuant to the terms of the Horizon/DBD 

  
 1. 

 
Subordination Agreement (as defined below)) to the extent the aggregate principal amount advanced under the Horizon/DBD Loan does not exceed the Horizon/DBD Loan Maximum, and (c) agrees that
the Liens in favor of Horizon, in its capacity as collateral agent and as lender, and DBD, in its capacity as a lender, to secure the Horizon/DBD Loan shall be considered a “Permitted Lien” under the Loan Agreement (pursuant to the terms
of the Horizon/DBD Subordination Agreement) to the extent the aggregate principal amount secured thereby does not exceed the Horizon/DBD Loan Maximum. The consent set forth in this Section shall not be deemed or otherwise construed to constitute a
consent or waiver of any provisions of the Loan Agreement or any other Loan Document in connection with any other transaction other than as specifically set forth in this Amendment. 

2.2 Horizon/DBD Subordination Agreement. Borrower has read, reviewed and approved all of the terms of the Horizon/DBD Subordination
Agreement. Bank and Borrower hereby agree that the Horizon/DBD Subordination Agreement shall be included in the term “Loan Documents” as defined in the Loan Agreement. 

2.3 Covenants and Defaults. Bank and Borrower hereby acknowledge and agree that (a) Borrower shall not amend, modify or supplement
any of the Horizon/DBD Loan Documents (as hereinafter defined) in a manner which would (i) increase the principal amount of Horizon/DBD Loan, (ii) increase any applicable interest rate with respect to the Horizon/DBD Loan by more than 200
basis points (excluding increases based solely on (A) changes to the prime rate or any other index and (B) the imposition of the default rate of interest in accordance with the Horizon/DBD Loan Documents), (iii) change the terms of
principal or interest repayment with respect to the Horizon/DBD Loan, (iv) change the payment schedule with respect to the Horizon/DBD Loan, (v) add express conditions that directly restrict the payment of the Obligations, (vi) change
the maturity date with respect to the Horizon/DBD Loan from that set forth in the Horizon/DBD Loan Documents in effect as of the Horizon/DBD Loan Documents Execution Date (as defined below), or (vii) change the definition of Collateral set
forth in the Horizon/DBD Loan Documents from the definition in effect as of the Horizon/DBD Loan Documents Execution Date (as defined below); (b) the occurrence of a default under the Horizon/DBD Loan Documents (if such default is not waived,
or otherwise cured within any applicable grace period provided therein) shall be an Event of Default under the Loan Agreement; and (c) any breach of the Horizon/DBD Subordination Agreement by Horizon and/or DBD shall be an Event of Default
under the Loan Agreement (if such breach is not otherwise cured within any applicable grace period). 
 3. Amendments to Loan Agreement.

 3.1 Payoff of Indebtedness under Gold Hill Loan. Bank and Borrower agree that Borrower shall use the proceeds of the first
tranche of the Horizon/DBD Loan to pay all, but not less than all, of the Indebtedness owing to Gold Hill under the Gold Hill Loan (the “Gold Hill Payoff”). 

3.2 Payoff of Obligations Related to Growth Capital Advances. Notwithstanding anything to the contrary in the Loan Agreement, Bank and
Borrower agree that Borrower shall use the proceeds of the first tranche of the Horizon/DBD Loan to prepay all, but not less than all, of (A) the Growth Capital Advances; (B) all accrued and unpaid interest with

  
 2. 

 
respect to the Growth Capital Advances through the date the prepayment is made; (C) all unpaid principal with respect to the Growth Capital Advances; (D) the Final Payment and
(E) all other sums relating to the Growth Capital Advances, if any, that shall have become due and payable under the Loan Agreement. 

3.3 Section 6.6 (Access to Collateral; Books and Records). The second sentence of Section 6.6 of the Loan Agreement is hereby
amended by deleting such sentence in its entirety, and replacing it with the following: 
 Provided no Event of Default has occurred and is
continuing, such audits shall be conducted no more than once every six (6) months. 
 3.4 Section 6.12 (Financial
Covenants). Section 6 of the Loan Agreement is hereby amended by adding Section 6.12 to the Loan Agreement immediately after Section 6.11 of the Loan Agreement as follows: 

6.12 Financial Covenants. Maintain at all times, subject to periodic reporting as of the last day of each month, unless otherwise
noted, on a consolidated basis with respect to Borrower: 
 (a) Minimum Revenue. Commencing with the quarter ending
September 30, 2013, and as of the last day of each quarter thereafter, total gross revenue, measured on a cumulative basis for period then ended, of at least the following amounts at the following times: 

 

			
	 Quarter Ending
	 	Minimum Revenue
	 September 30, 2013
	 	$6,240,000
	 December 31, 2013
	 	$8,122,000
	 March 31, 2014
	 	$10,400,000
	 June 30, 2014
	 	$10,800,000
	 September 30, 2014
	 	$11,200,000
	 December 31, 2014
	 	$11,600,000
	 March 31, 2015 and thereafter
	 	 To be determined based on Borrower’s

FY 2015 board- approved plan*

 * Notwithstanding the foregoing, Bank shall establish the applicable minimum revenue financial
covenant for the quarter ending on March 31, 2015 and each subsequent quarter ending during Borrower’s fiscal year 2015 based 

  
 3. 

 
upon Borrower’s board-approved plan for the fiscal year ending December 31, 2015, delivered in accordance with Section 6.2, and such covenant shall be set in a manner (but not in
amounts) consistent with the covenant set as of September 30, 2013 through the quarter ending on December 31, 2014. 
 3.5
Section 12.1 (Termination Prior to Revolving Line Maturity Date). Section 12.1 of the Loan Agreement is hereby amended in its entirety by adding the following sentence immediately at the end of such Section: 

If such termination is at Borrower’s election or at Bank’s election due to the occurrence and continuance of an Event of Default,
Borrower shall pay to Bank, in addition to the payment of any other expenses or fees then-owing, a termination fee in an amount equal to Seventy-Five Thousand Dollars ($75,000), provided, that no termination fee shall be charged if the credit
facility hereunder is replaced with a new facility from another division of Bank. 
 3.6 Section 13 (Definitions). 

(a) The following terms and definitions set forth in Section 13.1 of the Loan Agreement are hereby amended in their entirety and
replaced with the following: 
 “Revolving Line” is an Advance or Advances in an amount equal to Five Million Dollars
($5,000,000). 
 “Revolving Line Maturity Date” is September 30, 2015. 

(b) The definition of “Eligible Accounts” set forth in Section 13.1 of the Loan Agreement is hereby amended by deleting
clauses (e) and (v) in their entirety and replacing them with the following: 
 (e) Accounts owing from an Account Debtor which
does not have its principal place of business in the United States unless such Accounts are: (a) otherwise Eligible Accounts, and such Account is approved by Bank in writing, in its sole discretion, on a case-by-case basis, or (b) Eligible
Foreign Accounts; 
 (v) Accounts owing from an Account Debtor, whose total obligations to Borrower exceed thirty percent (30.0%) of
all Accounts, except for (i) Ericsson for which such percentage is seventy percent (70.0%), and (ii) Seagate for which such percentage is sixty percent (60.0%), for the amounts that exceed that percentage, unless Bank approves in writing;
and 
 (c) Section 13.1 of the Loan Agreement is hereby amended to add the following term and definition in the appropriate order to
preserve the alphabetical listing of the term in such section: 
 “Eligible Foreign Accounts” are Accounts
for which the Account Debtor does not have its principal place of business in the United States and which (a) otherwise satisfy the definition of Eligible Accounts and (b) are due and owing from any of the

  
 4. 

 
following Account Debtors: (i) Jabil Circuits, (ii) Arm Ltd., (iii) Ericsson, (iv) Texas Instruments, (v) Flextronics, (vi) Seagate, (vii) Innotech,
(viii) Nanjing Ericsson Panda Communications Company Ltd., (ix) Beyonics Technology (SENAI) Sdn Bhd, (x) Beyonics Technology Electronics (Suzhou) Co. Ltd., (xi) Cal-Comp Electronics, and (xii) Shenzen Kaifa Technology. 

3.7 Exhibit B (Compliance Certificate). The Compliance Certificate attached to the Loan Agreement as Exhibit B is replaced in
its entirety with the Compliance Certificate attached hereto as Exhibit B. From and after the date hereof, all references in the Loan Agreement to the Compliance Certificate shall mean the Compliance Certificate in the form attached hereto as
Exhibit B. 
 4. Limitation of Consent and Amendments. 

4.1 The consent set forth in Section 2 and the amendments set forth in Section 3 above are effective for the purposes set
forth herein and shall be limited precisely as written and shall not be deemed to (a) be a consent to any amendment, waiver or modification of any other term or condition of any Loan Document, or (b) otherwise prejudice any right or remedy
which Bank may now have or may have in the future under or in connection with any Loan Document. 
 4.2 This Amendment shall be
construed in connection with and as part of the Loan Documents and all terms, conditions, representations, warranties, covenants and agreements set forth in the Loan Documents, except as herein amended, are hereby ratified and confirmed and shall
remain in full force and effect. 
 4.3 In addition to those Events of Default specifically enumerated in the Loan Documents, the
failure to comply with the terms of any covenant or agreement contained herein shall constitute an Event of Default and shall entitle the Bank to exercise all rights and remedies provided to the Bank under the terms of any of the other Loan
Documents as a result of the occurrence of the same. 
 5. Representations and Warranties. To induce Bank to enter into this
Amendment, Borrower hereby represents and warrants to Bank as follows: 
 5.1 Immediately after giving effect to this
Amendment (a) the representations and warranties contained in the Loan Documents are true, accurate and complete in all material respects as of the date hereof (except to the extent such representations and warranties relate to an earlier date,
in which case they are true and correct as of such date), and (b) no Event of Default has occurred and is continuing; 
 5.2
Borrower has the power and authority to execute and deliver this Amendment and to perform its obligations under the Loan Agreement, as amended by this Amendment; 

  
 5. 

 5.3 The organizational documents of Borrower delivered to Bank on the Effective Date and
on September 26, 2013 remain true, accurate and complete and have not been amended, supplemented or restated and are and continue to be in full force and effect; 

5.4 The execution and delivery by Borrower of this Amendment and the performance by Borrower of its obligations under the Loan
Agreement, as amended by this Amendment, have been duly authorized; 
 5.5 The execution and delivery by Borrower of this Amendment
and the performance by Borrower of its obligations under the Loan Agreement, as amended by this Amendment, do not and will not contravene (a) any law or regulation binding on or affecting Borrower, (b) any contractual restriction with a
Person binding on Borrower, (c) any order, judgment or decree of any court or other governmental or public body or authority, or subdivision thereof, binding on Borrower, or (d) the organizational documents of Borrower; 

5.6 The execution and delivery by Borrower of this Amendment and the performance by Borrower of its obligations under the Loan
Agreement, as amended by this Amendment, do not require any order, consent, approval, license, authorization or validation of, or filing, recording or registration with, or exemption by any governmental or public body or authority, or subdivision
thereof, binding on Borrower, except as already has been obtained or made; 
 5.7 This Amendment has been duly executed and delivered
by Borrower and is the binding obligation of Borrower, enforceable against Borrower in accordance with its terms, except as such enforceability may be limited by bankruptcy, insolvency, reorganization, liquidation, moratorium or other similar laws
of general application and equitable principles relating to or affecting creditors’ rights; and 
 5.8 Attached as Schedule 1
are true, complete and correct copies of all of the documents relating to, evidencing or securing the Horizon/DBD Loan the Horizon/DBD Loan, including all amendments, supplements and other modifications thereto (the “Horizon/DBD Loan
Documents”). 
 6. Counterparts. This Amendment may be executed in any number of counterparts and all of such counterparts
taken together shall be deemed to constitute one and the same instrument. 
 7. Effectiveness. This Amendment shall be deemed
effective upon (a) the due execution and delivery to Bank of this Amendment by each party hereto, (b) Borrower’s payment of a non-refundable renewal fee in the amount of Twenty-Five Thousand Dollars ($25,000), (c) Bank’s
receipt of the Horizon/DBD Loan Documents, (c) Bank’s receipt of the Subordination Agreement substantially in the form attached hereto as Schedule 2 and dated as of even date herewith, duly executed and delivered by Borrower,
Horizon and DBD (the “Horizon/DBD Subordination Agreement”) and (d) payment of Bank’s legal fees and expenses in connection with the negotiation and preparation of this Amendment, the Horizon/DBD Subordination Agreement
and the review of the Horizon/DBD Loan Documents. 
 [Signature page follows.] 

  
 6. 

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

			
	BANK:
	
	 SILICON VALLEY BANK

		
	By:	 	 /s/ Matthew Wright

	Name:	 	 Matthew Wright

	Title:	 	 VP

	
	BORROWER:
	
	 EASIC CORPORATION

		
	By:	 	 /s/ Ronnie Vasishta

	Name:	 	 Ronnie Vasishta

	Title:	 	 09-26-2013

  
 [Signature Page to
Eighth Amendment to Loan and Security Agreement] 

 EXHIBIT B 

COMPLIANCE CERTIFICATE 
  

											
	 TO:
	 	SILICON VALLEY BANK	 		 	Date:                                
        
	 FROM:
	 	EASIC CORPORATION	 		 		 	

 The undersigned authorized officer of eASIC Corporation (“Borrower”) certifies that under the
terms and conditions of the Loan and Security Agreement between Borrower and Bank (the “Agreement”): 
 (1) Borrower is in
complete compliance for the period ending                      with all required covenants except as noted below; (2) there are no Events
of Default; (3) all representations and warranties in the Agreement are true and correct in all material respects on this date except as noted below; provided, however, that such materiality qualifier shall not be applicable to any
representations and warranties that already are qualified or modified by materiality in the text thereof; and provided, further that those representations and warranties expressly referring to a specific date shall be true, accurate and complete in
all material respects as of such date; (4) Borrower, and each of its Subsidiaries, has timely filed all required tax returns and reports, and Borrower has timely paid all foreign, federal, state and local taxes, assessments, deposits and
contributions owed by Borrower except as otherwise permitted pursuant to the terms of Section 5.9 of the Agreement; and (5) no Liens have been levied or claims made against Borrower or any of its Subsidiaries relating to unpaid employee
payroll or benefits of which Borrower has not previously provided written notification to Bank. 
 Attached are the required documents
supporting the certification. The undersigned certifies that these are prepared in accordance with GAAP consistently applied from one period to the next except as explained in an accompanying letter or footnotes. The undersigned acknowledges that no
borrowings may be requested at any time or date of determination that Borrower is not in compliance with any of the terms of the Agreement, and that compliance is determined not just at the date this certificate is delivered. Capitalized terms used
but not otherwise defined herein shall have the meanings given them in the Agreement. 
 Please indicate compliance status by circling Yes/No under
“Complies” column. 
  

					
	 Reporting Covenant
	  	 Required
	 	 Complies

	 Monthly financial statements with Compliance Certificate (“CC”)
	  	Monthly within 30 days	 	Yes        No
	 Annual financial statement (Company Prepared)
	  	FYE within 30 days	 	Yes        No
	 Annual financial statement (CPA Audited) + CC
	  	FYE within 180 days	 	Yes        No
	 Annual Board-Approved financial projections
	  	Annually within 10 days of approval	 	Yes        No
	 Transaction Reports
	  	Weekly at all times that any Advances are outstanding	 	Yes        No
	 Statements of Cash Balances at Foreign Deposit Accounts
	  	Monthly within 30 days	 	Yes        No
	 10-Q, 10-K and 8-K
	  	Within 5 days after filing with SEC	 	Yes        No
	 Borrowing Base Certificate A/R & A/P Agings
	  	Monthly within 30 days	 	Yes        No

  

							
	 Financial Covenant
	 	 Required
	 	 Actual
	 	 Complies

	 Maintain on a Quarterly Basis:
	 		 		 	
	 Minimum Revenue
	 		 		 	
	 September 30, 2013
	 	$6,240,000	 	$            	 	Yes        No
	 December 31, 2013
	 	$8,122,000	 	$            	 	Yes        No

  
 Exhibit B – Page 1

							
	 March 31, 2014
	 	$10,400,000	 	$            	 	Yes        No
	 June 30, 2014
	 	$10,800,000	 	$            	 	Yes        No
	 September 30, 2014
	 	$11,200,000	 	$            	 	Yes        No
	 December 31, 2014
	 	$11,600,000	 	$            	 	Yes        No
	 March 31, 2015
	 	 To be determined based on
 Borrower’s FY
2015 board-approved plan
	 	$            	 	Yes        No

 The following financial covenant analysis and information set forth in Schedule 1 attached hereto are true and
accurate as of the date of this Certificate. 
 The following are the exceptions with respect to the certificate above: (If no exceptions
exist, state “No exceptions to note.”) 
  
  

 
  
  

 

 

 EASIC CORPORATION 
  

			
	By:	  	 

			
	Name:	  	 

			
	Title:	  	 

 

 BANK USE ONLY 
  

			
	Received by:	  	 
		  	AUTHORIZED SIGNER

			
	Date:	  	 

			
		
	Verified:	  	 
		  	AUTHORIZED SIGNER

			
	Date:	  	 

					
			
	Compliance Status:	  	Yes	  	No

 
 

  
 2. 

 Schedule 1 to Compliance Certificate 

Financial Covenants of Borrower 

In the event of a conflict between this Schedule and the Loan Agreement, the terms of the Loan Agreement shall govern. 

Dated:
                                         
                
 Minimum Revenue (Section 6.12(a)) 

 

			
	Required:	  	Commencing with the quarter ending September 30, 2013, and as of the last day of each quarter thereafter, total gross revenue, measured on a cumulative basis for period then ended, of at least the following amounts at the
following times:

  

			
	 Quarter Ending
	 	Minimum Revenue
	 September 30, 2013
	 	$6,240,000
	 December 31, 2013
	 	$8,122,000
	 March 31, 2014
	 	$10,400,000
	 June 30, 2014
	 	$10,800,000
	 September 30, 2014
	 	$11,200,000
	 December 31, 2014
	 	$11,600,000
	 March 31, 2015 and thereafter
	 	 To be determined based on Borrower’s

FY 2015 board-approved plan

 Actual:
                                        
                 
  

					
	 A.
	  	Total gross revenue for the quarter then ended on a cumulative basis	  	$                

 Is line A equal to or greater than the required amount above? 

 

			
	                      No, not
in compliance
	 	                     Yes, in compliance

  
 Exhibit B – Page 1

 NINTH AMENDMENT TO 

LOAN AND SECURITY AGREEMENT 

THIS NINTH AMENDMENT TO LOAN AND SECURITY AGREEMENT (this “Amendment”) is entered into this _1st_ day of July, 2014, by and between SILICON VALLEY BANK (“Bank”) and EASIC CORPORATION, a Delaware corporation (“Borrower”) whose address is 2585
Augustine Drive, Suite 100, Santa Clara, California 95054. 
 RECITALS 

A. Bank and Borrower have entered into that certain Loan and Security Agreement dated as of September 29, 2010 (as the same may
from time to time be further amended, modified, supplemented or restated, the “Loan Agreement”). 
 B. Bank has
extended credit to Borrower for the purposes permitted in the Loan Agreement. 
 C. Borrower has requested that Bank amend the Loan
Agreement to (i) increase the Revolving Line, (ii) increase the Advance Rate, (iii) adjust the minimum revenue financial covenant set forth in Section 6.12 of the Loan Agreement, and (iv) make certain other revisions to the
Loan Agreement as more fully set forth herein. 
 D. Although Bank is under no obligation to do so, Bank is willing to amend certain
provisions of the Loan Agreement as more fully set forth herein, but only to the extent, in accordance with the terms, subject to the conditions and in reliance upon the representations and warranties set forth below. 

AGREEMENT 
 NOW,
THEREFORE, in consideration of the foregoing recitals and other good and valuable consideration, the receipt and adequacy of which is hereby acknowledged, and intending to be legally bound, the parties hereto agree as follows: 

1. Definitions. Capitalized terms used but not defined in this Amendment shall have the meanings given to them in the Loan
Agreement. 
 2. Amendments to Loan Agreement. 

2.1 2012 and 2013 Audited Financial Statements. Notwithstanding the requirements of Section 6.2(g) of the Loan Agreement to the
contrary, Borrower shall deliver to Bank its audited financial statements for fiscal years ended December 31, 2012 and December 31, 2013 on or before December 31, 2014. 

2.2 Section 2.1 (Promise to Pay). Section 2.1 of the Loan Agreement is amended by deleting Sections 2.1.3 (Letters of Credit
Sublimit), 2.1.4 (Foreign Exchange Sublimit) and 2.1.5 (Cash Management Services Sublimit) thereof in their entirety and marking them “Reserved.” 

  
 1. 

 2.3 Section 2.2 (Overadvances). Section 2.2 of the Loan Agreement is hereby
amended by deleting it in its entirety and replacing it with the following: 
 2.2 (Overadvances). If, at any time,
the outstanding principal amount of any Advances exceeds the lesser of either the Revolving Line or the Borrowing Base, Borrower shall immediately pay to Bank in cash the amount of such excess (such excess, the “Overadvance”).
Without limiting Borrower’s obligation to repay Bank any amount of the Overadvance, Borrower agrees to pay Bank interest on the outstanding amount of any Overadvance, on demand, at the Default Rate. 

2.4 Section 2.4(c) (Letter of Credit Fee). Section 2.4(c) of the Loan Agreement is amended by deleting it in its entirety and
marking it “Reserved.” 
 2.5 Section 3.5 (Procedures for Borrowing). Section 3.5(b) is hereby amended by deleting
the following parenthetical in its entirety: 
 “(other than Advances under Sections 2.1.3 or 2.1.5)” 

2.6 Section 4.1 (Grant of Security Interest). Section 4.1 of the Loan Agreement is hereby amended by adding the following new
paragraphs immediately after the first paragraph as follows: 
 Borrower acknowledges that it previously has entered, and/or
may in the future enter, into Bank Services Agreements with Bank. Regardless of the terms of any Bank Services Agreement, Borrower agrees that any amounts Borrower owes Bank thereunder shall be deemed to be Obligations hereunder and that it is the
intent of Borrower and Bank to have all such Obligations secured by the first priority perfected security interest in the Collateral granted herein (subject only to Permitted Liens that are permitted pursuant to the terms of this Agreement to have
superior priority to Bank’s Lien in this Agreement). 
 If this Agreement is terminated, Bank’s Lien in the
Collateral shall continue until the Obligations (other than inchoate indemnity obligations) are repaid in full in cash. Upon payment in full in cash of the Obligations (other than inchoate indemnity obligations) and at such time as Bank’s
obligation to make Credit Extensions has terminated, Bank shall, at the sole cost and expense of Borrower, release its Liens in the Collateral and all rights therein shall revert to Borrower. In the event (x) all Obligations (other than
inchoate indemnity obligations), except for Bank Services, are satisfied in full, and (y) this Agreement is terminated, Bank shall terminate the security interest granted herein upon Borrower providing cash collateral acceptable to Bank in its
good faith business judgment for Bank Services, if any. In the event such Bank Services consist of outstanding Letters of Credit, Borrower shall provide to Bank cash collateral in an amount equal to (x) if such Letters of Credit are denominated
in Dollars, then at least one hundred five percent (105.0%); and (y) if such Letters of Credit are denominated in a Foreign Currency, then at least one hundred ten percent (110.0%), of the Dollar Equivalent of the face amount of all such
Letters of Credit plus all interest, fees, and costs 

  
 2. 

 
due or to become due in connection therewith (as estimated by Bank in its business judgment), to secure all of the Obligations relating to such Letters of Credit. 

2.7 Section 4.2 (Priority of Security Interest). Section 4.2 of the Loan Agreement is hereby amended by deleting it in its
entirety and replacing it with the following: 
 4.2 Priority of Security Interest. Borrower represents, warrants, and
covenants that the security interest granted herein is and shall at all times continue to be a first priority perfected security interest in the Collateral (subject only to Permitted Liens that are permitted pursuant to the terms of this Agreement
to have superior priority to Bank’s Lien under this Agreement). If Borrower shall acquire a commercial tort claim, Borrower shall promptly notify Bank in a writing signed by Borrower of the general details thereof and grant to Bank in such
writing a security interest therein and in the proceeds thereof, all upon the terms of this Agreement, with such writing to be in form and substance reasonably satisfactory to Bank. 

2.8 6.12 (Financial Covenants). Section 6.12 of the Loan Agreement is hereby amended by deleting it in its entirety and replacing
it with the following: 
 6.12 Financial Covenants. Maintain at all times, subject to periodic reporting as of the last day of each
month, unless otherwise noted, on a consolidated basis with respect to Borrower: 
 (a) Minimum Revenue. Commencing
with the calendar quarter ending June 30, 2014, and as of the last day of each calendar quarter thereafter, aggregate revenue (as determined in accordance with GAAP), measured on a cumulative basis for the calendar quarter then ended, of at
least the following amounts at the following times: 
  

			
	 Quarter Ending
	  	 Required Minimum Revenue

	June 30, 2014	  	$9,610,000
	September 30, 2014	  	$10,240,000
	December 31, 2014	  	$10,960,000
	March 31, 2015 and thereafter	  	To be determined based on
 Borrower’s FY 2015 board-approved plan*

 * Notwithstanding the foregoing, Bank shall establish the applicable minimum revenue
financial covenant for the calendar quarter ending on March 31, 2015 and each subsequent calendar quarter ending during Borrower’s fiscal year 2015 based upon Borrower’s board-approved plan for the fiscal year ending December 31,
2015, delivered in accordance with Section 6.2, and such covenant shall be set in a manner (but not in amounts) consistent with the covenant set as of June     , 2014 through the calendar quarter ending on
December 31, 2014. 

  
 3. 

 2.9 Section 9.1 (Rights and Remedies). Section 9.1(c) of the Loan Agreement is hereby
amended by deleting it in its entirety and replacing it with the following: 
 (c) demand that Borrower (1) deposit cash
with Bank in an amount equal to (x) if such Letters of Credit are denominated in Dollars, at least one hundred five percent (105.0%); and (y) if such Letters of Credit are denominated in a Foreign Currency, at least one hundred ten percent
(110.0%), of the Dollar Equivalent of the aggregate face amount of all Letters of Credit remaining undrawn (plus all interest, fees, and costs due or to become due in connection therewith (as estimated by Bank in its good faith business judgment)),
to secure all of the Obligations relating to such Letters of Credit, as collateral security for the repayment of any future drawings under such Letters of Credit, and Borrower shall forthwith deposit and pay such amounts, and (2) pay in advance
all letter of credit fees scheduled to be paid or payable over the remaining term of any Letters of Credit; 
 2.10 Section 12.1
(Termination Prior to Maturity Date). Section 12.1 of the Loan Agreement is hereby amended by deleting it in its entirety and replacing it with the following: 

12.1 Section 12.1 Termination Prior to Maturity Date; Survival. All covenants, representations and warranties made
in this Agreement continue in full force until this Agreement has terminated pursuant to its terms and all Obligations have been satisfied. So Jong as Borrower has satisfied the Obligations (other than inchoate indemnity obligations, and any other
obligations which, by their terms, are to survive the termination of this Agreement, and any Obligations under Bank Services Agreements that are cash collateralized in accordance with Section 4.1 of this Agreement), this Agreement may be
terminated prior to the Revolving Line Maturity Date by Borrower, effective three (3) Business Days after written notice of termination is given to Bank. Those obligations that are expressly specified in this Agreement as surviving this
Agreement’s termination shall continue to survive notwithstanding this Agreement’s termination. 
 2.11 Section 12.9
(Survival). Section 12.9 of the Loan Agreement is hereby amended by deleting it in its entirety and making it “Reserved”. 

2.12 Section 13 (Definitions). 

(a) The following terms and their respective definitions set forth in Section 13.1 of the Loan Agreement are hereby deleted in their
entirety: “Cash Management Services”, “FX Business Day”, “FX Reduction Amount”, “FX Reserve”, “Letter of Credit Application”, and “Settlement Date”. 

(b) The following terms and their respective definitions are hereby added in alphabetical order to Section 13.1 of the Loan Agreement as
follows: 
 “Bank Services” are any products, credit services, and/or financial accommodations previously,
now, or hereafter provided to Borrower or any of its Subsidiaries by Bank or any Bank Affiliate, including, without limitation, any letters of credit, cash management services (including, without limitation, merchant services, direct

  
 4. 

 
deposit of payroll, business credit cards, and check cashing services), interest rate swap arrangements, and foreign exchange services as any such products or services may be identified in
Bank’s various agreements related thereto (each, a “Bank Services Agreement”). 
 “Horizon
Subordination Agreement” means, with respect to the Horizon/DBD Loan, that certain Amended and Restated Subordination Agreement dated as of June     , 2014, by and among Bank, Borrower, Horizon Funding Trust
2013-1, as assignee of Horizon Technology Finance Corporation, as a lender, and in its capacity as collateral agent for the Subordinated Creditors (as defined therein) and Fortress Credit Opportunities I LP, as assignee of DBD Credit Funding LLC, as
a lender, as the same may be amended, modified, supplemented or restated from time to time. 
 (c) The following terms and their respective
definitions set forth in Section 13.1 of the Loan Agreement are amended in their entirety and replaced with the following: 

“Availability Amount” is (a) the lesser of (i) the Revolving Line or (ii) the amount
available under the Borrowing Base, minus (b) the outstanding principal balance of any Advances. 
 “Borrowing
Base” is eighty-five percent (85.0%) of Eligible Accounts, as determined by Bank from Borrower’s most recent Transaction Report; provided, however, that Bank may decrease the foregoing percentage in its good faith business
judgment based on events, conditions, contingencies, or risks which, as determined by Bank, may adversely affect Collateral. 

“Credit Extension” is any Advance or any other extension of credit by Bank for Borrower’s benefit. 

“FX Forward Contract” is any foreign exchange contract by and between Borrower and Bank under which Borrower
commits to purchase from or sell to Bank a specific amount of Foreign Currency on a specified date. 
 “Letter of
Credit” is a standby or commercial letter of credit issued by Bank upon request of Borrower based upon an application, guarantee, indemnity, or similar agreement. 

“Loan ‘Documents” are, collectively, this Agreement, the Warrant, the Perfection Certificate, any Bank
Services Agreement, the Stock Pledge Agreement, the Horizon Subordination Agreement, any note, or notes or guaranties executed by Borrower, and any other present or future agreement between Borrower and/or for the benefit of Bank in connection with
this Agreement, all as amended, restated, or otherwise modified. 
 “Revolving Line” is an Advance or
Advances in an amount equal to Eight Million Dollars ($8,000,000); provided, however, that if, at any time, Borrower’s aggregate revenue (as determined in accordance with GAAP) during the most recently ended three
(3) calendar month period is less than Eight Million Five Hundred Thousand 

  
 5. 

 
Dollars ($8,500,000), then the Revolving Line shall automatically reduce to Five Million Dollars ($5,000,000) until such time that Borrower achieves aggregate revenue (as determined in accordance
with GAAP) of not less than Eight Million Five Hundred Thousand Dollars ($8,500,000) during the most recently ended three (3) calendar month period. 

2.13 Exhibit B (Compliance Certificate). The Compliance Certificate attached to the Loan Agreement as Exhibit B is replaced in
its entirety with the Compliance Certificate attached hereto as Exhibit B. From and after the date hereof, all references in the Loan Agreement to the Compliance Certificate shall mean the Compliance Certificate in the form attached hereto as
Exhibit B. 
 3. Limitation of Amendments. 

3.1 The amendments set forth in Section 2 above are effective for the purposes set forth herein and shall be limited precisely as
written and shall not be deemed to (a) be a consent to any amendment, waiver or modification of any other term or condition of any Loan Document, or (b) otherwise prejudice any right or remedy which Bank may now have or may have in the
future under or in connection with any Loan Document. 
 3.2 This Amendment shall be construed in connection with and as part of the
Loan Documents and all terms, conditions, representations, warranties, covenants and agreements set forth in the Loan Documents, except as herein amended, are hereby ratified and confirmed and shall remain in full force and effect. 

3.3 In addition to those Events of Default specifically enumerated in the Loan Documents, the failure to comply with the terms of any
covenant or agreement contained herein shall constitute an Event of Default and shall entitle the Bank to exercise all rights and remedies provided to the Bank under the terms of any of the other Loan Documents as a result of the occurrence of the
same. 
 4. Representations and Warranties. To induce Bank to enter into this Amendment, Borrower hereby represents and warrants to
Bank as follows: 
 4.1 Immediately after giving effect to this Amendment (a) the representations and warranties contained in the
Loan Documents are true, accurate and complete in all material respects as of the date hereof (except to the extent such representations and warranties relate to an earlier date, in which case they are true and correct as of such date), and
(b) no Event of Default has occurred and is continuing; 
 4.2 Borrower has the power and authority to execute and deliver this
Amendment and to perform its obligations under the Loan Agreement, as amended by this Amendment; 

  
 6. 

 4.3 The organizational documents of Borrower delivered to Bank on the Effective Date and
on September 26, 2013 remain true, accurate and complete and have not been amended, supplemented or restated and are and continue to be in full force and effect; 

4.4 The execution and delivery by Borrower of this Amendment and the performance by Borrower of its obligations under the Loan
Agreement, as amended by this Amendment, have been duly authorized; 
 4.5 The execution and delivery by Borrower of this Amendment
and the performance by Borrower of its obligations under the Loan Agreement, as amended by this Amendment, do not and will not contravene (a) any law or regulation binding on or affecting Borrower, (b) any contractual restriction with a
Person binding on Borrower, (c) any order, judgment or decree of any court or other governmental or public body or authority, or subdivision thereof, binding on Borrower, or (d) the organizational documents of Borrower; 

4.6 The execution and delivery by Borrower of this Amendment and the performance by Borrower of its obligations under the Loan
Agreement, as amended by this Amendment, do not require any order, consent, approval, license, authorization or validation of, or filing, recording or registration with, or exemption by any governmental or public body or authority, or subdivision
thereof, binding on Borrower, except as already has been obtained or made; 
 4.7 This Amendment has been duly executed and delivered
by Borrower and is the binding obligation of Borrower, enforceable against Borrower in accordance with its terms, except as such enforceability may be limited by bankruptcy, insolvency, reorganization, liquidation, moratorium or other similar laws
of general application and equitable principles relating to or affecting creditors’ rights; and 
 5. Counterparts. This
Amendment may be executed in any number of counterparts and all of such counterparts taken together shall be deemed to constitute one and the same instrument. 

6. Effectiveness. This Amendment shall be deemed effective upon (a) the due execution and delivery to Bank of this Amendment by
each party hereto, (b) Borrower’s payment of a non-refundable amendment fee in the amount of Fifteen Thousand Dollars ($15,000), (c) Bank’s receipt of the Horizon Subordination Agreement substantially in the form attached hereto
as Schedule 1 and dated as of even date herewith, duly executed and delivered by Borrower, Horizon Funding Trust 2013-1, as assignee of Horizon Technology Finance Corporation, as a lender, and in its capacity as collateral agent for the
Subordinated Creditors (as defined therein) and Fortress Credit Opportunities I LP, as assignee of DBD Credit Funding LLC, as a lender, and (d) payment of Bank’s legal fees and expenses in connection with the negotiation and preparation of
this Amendment and the Horizon Subordination Agreement. 
 [Signature page follows.] 

  
 7. 

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

			
	BANK:
	
	SILICON VALLEY BANK
		
	By:	 	 /s/ Matthew Wright

			
	Name:	 	 Matthew Wright

			
	Title:	 	 Director

			
	
	BORROWER:
	
	EASIC CORPORATION
		
	By:	 	 /s/ Ronnie Vasishta

			
	Name:	 	 Ronnie Vasishta

			
	Title:	 	 President/CEO

  
 [Signature Page to
Eighth Amendment to Loan and Security Agreement] 

 EXHIBIT B 

COMPLIANCE CERTIFICATE 
  

					
	TO:	 	SILICON VALLEY BANK	 	Date:                                     
   
	FROM:        	 	EASIC CORPORATION	 	

 The undersigned authorized officer of eASIC Corporation (“Borrower”) certifies that under the
terms and conditions of the Loan and Security Agreement between Borrower and Bank (the “Agreement”): 
 (1) Borrower is in
complete compliance for the period ending                                  with
all required covenants except as noted below; (2) there are no Events of Default; (3) all representations and warranties in the Agreement are true and correct in all material respects on this date except as noted below; provided, however,
that such materiality qualifier shall not be applicable to any representations and warranties that already are qualified or modified by materiality in the text thereof; and provided, further that those representations and warranties expressly
referring to a specific date shall be true, accurate and complete in all material respects as of such date; (4) Borrower, and each of its Subsidiaries, has timely filed all required tax returns and reports, and Borrower has timely paid all
foreign, federal, state and local taxes, assessments, deposits and contributions owed by Borrower except as otherwise permitted pursuant to the terms of Section 5.9 of the Agreement; and (5) no Liens have been levied or claims made against
Borrower or any of its Subsidiaries relating to unpaid employee payroll or benefits of which Borrower has not previously provided written notification to Bank. 

Attached are the required documents supporting the certification. The undersigned certifies that these are prepared in accordance with GAAP
consistently applied from one period to the next except as explained in an accompanying letter or footnotes. The undersigned acknowledges that no borrowings may be requested at any time or date of determination that Borrower is not in compliance
with any of the terms of the Agreement, and that compliance is determined not just at the date this certificate is delivered. Capitalized terms used but not otherwise defined herein shall have the meanings given them in the Agreement. 

Please indicate compliance status by circling Yes/No under “Complies” column. 

 

					
	 Reporting Covenant
	  	 Required
	 	 Complies

	Monthly financial statements with Compliance Certificate (“CC”)	  	Monthly within 30 days	 	Yes        No
			
	Annual financial statement (Company Prepared)	  	FYE within 30 days	 	Yes        No
			
	Annual financial statement (CPA Audited) + CC	  	FYE within 180 days*	 	Yes        No
			
	Annual Board-Approved financial projections	  	Annually within 10 days of approval	 	Yes        No
			
	Transaction Reports	  	Weekly at all times that any Advances are outstanding	 	Yes        No
			
	Statements of Cash Balances at Foreign Deposit Accounts	  	Monthly within 30 days	 	Yes        No
			
	10-Q, 10-K and 8-K	  	Within 5 days after filing with SEC	 	Yes        No
			
	Borrowing Base Certificate A/R & A/P Agings	  	Monthly within 30 days	 	Yes        No
			
	*FYE 2012 and 2013 annual financial statements due 12/31/2014	  		 	

  

													
	 Financial Covenant
	  	 Required
	 	  	 Actual
	 	  	 Complies
	 
	 Maintain on a Quarterly Basis:
	  				  				  			
	 Minimum Revenue
	  				  				  			
	 June 30, 2014
	  	$	9,610,000	  	  	$	            	  	  	 	Yes        No	  
	 September 30, 2014
	  	$	10,240,000	  	  	$	            	  	  	 	Yes        No	  
	 December 31, 2014
	  	$	10,960,000	  	  	$	            	  	  	 	Yes        No	  

  
 Exhibit B – Page 1.

											
	 March 31, 2015
	  	To be
determined
based on
Borrower’s FY
2015 board-
approved plan	  	$	            	  	  	 	Yes        No	  

  

									
	 Amount of Revolving Loan
	 
	 Aggregate Revenue
	  	Revolving Loan	 	  	Applies	 
	 Aggregate revenue (as determined in accordance with GAAP) for the most recently ended three (3) calendar month period 3 $8,500,000
	  	$	8,000,000	  	  	 	Yes        No	  
	 Aggregate revenue (as determined in accordance with GAAP) for the most recently ended three (3) calendar month period <
$8,500,000
	  	$	5,000,000	  	  	 	Yes        No	  

 The following financial covenant analysis and information set forth in Schedule 1 attached hereto are true and
accurate as of the date of this Certificate. 
 The following are the exceptions with respect to the certificate above: (If no exceptions
exist, state “No exceptions to note.”) 
  
  

 
  
  

 

 

 EASIC CORPORATION 
  

			
	By:	  	 

			
	Name:	  	 

			
	Title:	  	 

 

 BANK USE ONLY 
  

			
	Received by:	  	 
		  	AUTHORIZED SIGNER

			
	Date:	  	 

			
		
	Verified:	  	 
		  	AUTHORIZED SIGNER

			
	Date:	  	 

					
			
	Compliance Status:	  	Yes	  	No

 
 

  
 Exhibit B – Page 2.

 Schedule 1 to Compliance Certificate 

Financial Covenants of Borrower 

In the event of a conflict between this Schedule and the Loan Agreement, the terms of the Loan Agreement shall govern. 

Dated:
                                        

 Minimum Revenue (Section 6.12(a)) 
  

	Required:	Commencing with the calendar quarter ending June 30, 2014, and as of the last day of each calendar quarter thereafter, aggregate revenue (as determined in accordance with GAAP), measured on a cumulative basis for
calendar quarter then ended, of at least the following amounts at the following times: 

  

			
	 Quarter Ending
	  	 Required Minimum Revenue

	June 30, 2014	  	$9,610,000
	September 30, 2014	  	$10,240,000
	December 31, 2014	  	$10,960,000
	March 31, 2015 and thereafter	  	To be determined based on Borrower’s 
FY 2015 board-approved plan

 Actual:
                                        

  

							
			
	A.	  	Aggregate revenue (as determined in accordance with GAAP) for the quarter then ended on a cumulative basis	  	 	$            	  

 Is line A equal to or greater than the required amount above? 

 

			
	                     No, not in compliance	  	                     Yes, in compliance

  
 Exhibit B – Page 1

 TENTH AMENDMENT TO 

LOAN AND SECURITY AGREEMENT 

THIS TENTH AMENDMENT TO LOAN AND SECURITY AGREEMENT (this “Amendment”) is entered into as of the 12th day of September, 2014, by and between SILICON VALLEY BANK (“Bank”) and EASIC CORPORATION, a Delaware corporation (“Borrower”) whose address is
2585 Augustine Drive, Suite 100, Santa Clara, California 95054. 
 RECITALS 

A. Bank and Borrower have entered into that certain Loan and Security Agreement dated as of September 29, 2010 (as the same may
from time to time be further amended, modified, supplemented or restated, the “Loan Agreement”). 
 B. Bank has
extended credit to Borrower for the purposes permitted in the Loan Agreement. 
 C. Borrower, Horizon Funding Trust 2013-1
(“Horizon Trust”), as assignee of Horizon Technology Finance Corporation (“Horizon” and, in its capacity as collateral agent for each Existing Subordinated Horizon Creditor (as hereinafter defined), the
“Horizon Collateral Agent”), and Fortress Credit Opportunities I LP (“FCO”; together with Horizon Collateral Agent and Horizon Trust, each an “Existing Subordinated Horizon Creditor”, and
collectively, the “Existing Subordinated Horizon Creditors”), as assignee of DBD Credit Funding LLC (“DBD”) are parties to a certain Venture Loan and Security Agreement dated as of September 30, 2013 (as may be
amended, modified, supplemented or restated from time to time, the “Existing Subordinated Horizon Loan Agreement”) pursuant to which, among other things, (i) Horizon provided a loan to Borrower as evidenced by a certain Secured
Promissory Note (Loan A) executed by Borrower in favor of Horizon dated September 30, 2013, in the original principal amount of Two Million Dollars ($2,000,000) (the “Subordinated Horizon Loan A Note”) (such term loan
hereinafter being called the “Subordinated Horizon Loan A”), (ii) DBD provided a loan to Borrower as evidenced by a certain Secured Promissory Note (Loan B) executed by Borrower in favor of DBD dated September 30, 2013, in
the original principal amount of Four Million Dollars ($4,000,000) (the “Subordinated Horizon Loan B Note” and collectively with the Subordinated Horizon Loan A Note, the “Existing Subordinated Horizon Notes”) (such
term loan hereinafter being called the “Subordinated Horizon Loan B”) and (iii) each Existing Subordinated Horizon Creditor has been granted a security interest in substantially all personal property assets of Borrower, except
with respect to Borrower’s Intellectual Property (such loan transaction hereinafter being called the “Subordinated Horizon Loan Transaction”). Bank consented to the Subordinated Horizon Loan Transaction pursuant to the terms
and conditions of that certain Eighth Amendment to Loan and Security Agreement dated September 26, 2013 by and between Borrower and Bank (the “Eighth Amendment”). 

D. Horizon transferred all of its right, title and interest in and to the Subordinated Horizon Loan A Note and the Existing
Subordinated Horizon Loan Agreement to Horizon Funding 2013-1 LLC (“Horizon Funding”) on or about June 28, 2014, and Horizon Funding subsequently sold all of its right, title and interest in and to the Subordinated Horizon Loan
A Note and the Existing Subordinated Horizon Loan Agreement to Horizon Trust on or about June 28, 2014. DBD transferred all of its right, title and interest in and to the Subordinated Horizon Loan B Note and the Existing Subordinated Horizon
Loan Agreement to FCO on or about September 30, 2013. 

 E. Bank, Horizon and DBD previously entered into that certain Subordination Agreement
dated as of September 30, 2013, which was subsequently amended., restated and replaced by that certain Amended and Restated Subordination Agreement dated as of June 9, 2014 by and among Bank and the Existing Subordinated Horizon Creditors
(as may be amended, modified, supplemented or restated from time to time, the “Existing Horizon Subordination Agreement”). 

F. The Existing Subordinated Horizon Creditors and DBD (collectively, the “Subordinated Horizon Creditors”) and
Borrower contemplate increasing the aggregate principal amount of the Subordinated Horizon Loan Transaction from an aggregate principal amount of Six Million Dollars ($6,000,000) to Nine Million Dollars ($9,000,000) (the “Increased Horizon
Loan Maximum”) by entering into that certain Amended and Restated Venture Loan and Security Agreement dated as of September 12, 2014 (as the same may be amended, modified, supplemented or restated from time to time, the
“Restated Subordinated Horizon Loan Agreement”) (such secured term loans not exceeding the Increased Horizon Loan Maximum, in the aggregate, as evidenced by the Restated Subordinated Horizon Loan Agreement, hereinafter being called
the “Subordinated Horizon Loans”). The Restated Subordinated Horizon Loan Agreement will amend, restate and replace the Existing Subordinated Horizon Loan Agreement in its entirety. 

G. Borrower has requested that Bank (i) consent to the Increased Horizon Loan Maximum as it relates to the Subordinated Horizon
Loans and (ii) amend the Loan Agreement to make certain revisions to the Loan Agreement as more fully set forth herein. 
 H.
Although Bank is under no obligation to do so, Bank is willing to consent to the Increased Horizon Loan Maximum and amend certain provisions of the Loan Agreement as more fully set forth herein, but only to the extent, in accordance with the
terms, subject to the conditions and in reliance upon the representations and warranties set forth below. 

AGREEMENT 

NOW, THEREFORE, in consideration of the foregoing recitals and other good and valuable consideration, the receipt and adequacy of which is
hereby acknowledged, and intending to be legally bound, the parties hereto agree as follows: 
 1. Definitions. Capitalized terms used
but not defined in this Amendment shall have the meanings given to them in the Loan Agreement. 
 2. Increased Horizon Loan Maximum.

 2.1 Consent. Subject to the express terms of Section 7 below, Bank hereby (a) consents to the Increased Horizon
Loan Maximum as it relates to the Subordinated Horizon Loans, (b) agrees that the Subordinated Horizon Loans shall constitute “Permitted Indebtedness” under the Loan Agreement (pursuant to the terms of the Restated Horizon
Subordination 

  
 2. 

 
Agreement (as defined below)) to the extent the aggregate principal amount advanced under the Subordinated Horizon Loans does not exceed the Increased Horizon Loan Maximum, and (c) agrees
that the Liens in favor of the Horizon Collateral Agent and the Subordinated Horizon Creditors to secure the Subordinated Horizon Loans shall be considered a “Permitted Lien” under the Loan Agreement (pursuant to the terms of the Restated
Horizon Subordination Agreement) to the extent the aggregate principal amount secured thereby does not exceed the Increased Horizon Loan Maximum. The consent set forth in this Section shall not be deemed or otherwise construed to constitute a
consent or waiver of any provisions of the Loan Agreement or any other Loan Document in connection with any other transaction other than as specifically set forth in this Amendment. 

2.2 Restated Horizon Subordination Agreement. Borrower has read, reviewed and approved all of the terms of the Restated Horizon
Subordination Agreement. Bank and Borrower hereby agree that the Restated Horizon Subordination Agreement shall be included in the term “Loan Documents” as defined in the Loan Agreement. 

2.3 Covenants and Defaults. Bank and Borrower hereby acknowledge and agree that (a) Borrower shall not amend, modify or
supplement any of the Subordinated Horizon Loan Documents (as defined below) in a manner which would (i) increase the aggregate principal amount of Subordinated Horizon Loans beyond the Increased Horizon Loan Maximum, (ii) increase any
applicable interest rate with respect to the Indebtedness owing under the Subordinated Horizon Loans by more than 200 basis points (excluding increases based solely on (A) changes to the prime rate or any other index and (B) the imposition
of the default rate of interest in accordance with the Subordinated Horizon Loan Documents), (iii) change the terms of principal or interest repayment with respect to the Indebtedness owing under the Subordinated Horizon Loans, (iv) change
the payment schedule with respect to the Indebtedness owing under the Subordinated Horizon Loans, (v) add express conditions that directly restrict the payment of the Obligations, (vi) change the maturity date with respect to the
Indebtedness owing under the Subordinated Horizon Loans from that set forth in the Subordinated Horizon Loan Documents in effect as of September 12, 2014 (the “Subordinated Horizon Loan Documents Execution Date”) or
(vii) change the definition of Collateral set forth in the Subordinated Horizon Loan Documents from the definition in effect as of the Subordinated Horizon Loan Documents Execution Date; (b) the occurrence of a default under the
Subordinated Horizon Loan Documents (if such default is not waived, or otherwise cured within any applicable grace period provided therein) shall be an Event of Default under the Loan Agreement; and (c) any breach of the Restated Horizon
Subordination Agreement by Horizon Collateral Agent and/or any of the Subordinated Horizon Creditors shall be an Event of Default under the Loan Agreement (if such breach is not otherwise cured within any applicable grace period). 

3. Amendments to Loan Agreement. 

3.1 Section 12.1 (Termination Prior to Revolving Line Maturity Date; Survival). Section 12.1 of the Loan Agreement is
hereby amended by adding the following sentence immediately at the end of such Section: 
 If such termination is at Borrower’s election
or at Bank’s election due to the occurrence and continuance of an Event of Default, Borrower shall pay to Bank, in addition to the 

  
 3. 

 
payment of any other expenses or fees then-owing, a termination fee in an amount equal to Seventy-Five Thousand Dollars ($75,000), provided, that no termination fee shall be charged if the credit
facility hereunder is replaced with a new facility from another division of Bank. 
 3.2 Section 13 (Definitions). 

(a) The following terms and its definition are hereby added in alphabetical order to Section 13.1 of the Loan Agreement as follows: 

“Restated Horizon Subordination Agreement” means that certain Second Amended and Restated Subordination
Agreement dated as of September 12, 2014, by and among Bank, Borrower, Horizon Technology Finance Corporation, as a lender, and in its capacity as collateral agent for the Subordinated Creditors (as defined therein), Horizon Funding Trust
2013-1, DBD Credit Funding LLC and Fortress Credit Opportunities I LP, as the same may be amended, modified, supplemented or restated from time to time. 

4. Limitation of Consent and Amendments. 

4.1 The consent set forth in Section 2 and the amendments set forth in Section 3 above are effective for the purposes set
forth herein and shall be limited precisely as written and shall not be deemed to (a) be a consent to any amendment, waiver or modification of any other term or condition of any Loan Document, or (b) otherwise prejudice any right or remedy
which Bank may now have or may have in the future under or in connection with any Loan Document. 
 4.2 This Amendment shall be
construed in connection with and as part of the Loan Documents and all terms, conditions, representations, warranties, covenants and agreements set forth in the Loan Documents, except as herein amended, are hereby ratified and confirmed and shall
remain in full force and effect. 
 4.3 In addition to those Events of Default specifically enumerated in the Loan Documents, the
failure to comply with the terms of any covenant or agreement contained herein shall constitute an Event of Default and shall entitle the Bank to exercise all rights and remedies provided to the Bank under the terms of any of the other Loan
Documents as a result of the occurrence of the same. 
 5. Representations and Warranties. To induce Bank to enter into this
Amendment, Borrower hereby represents and warrants to Bank as follows: 
 5.1 Immediately after giving effect to this Amendment
(a) the representations and warranties contained in the Loan Documents are true, accurate and complete in all material respects as of the date hereof (except to the extent such representations and warranties relate to an earlier date, in which
case they are true and correct as of such date), and (b) no Event of Default has occurred and is continuing; 

  
 4. 

 5.2 Borrower has the power and authority to execute and deliver this Amendment and to
perform its obligations under the Loan Agreement, as amended by this Amendment; 
 5.3 The organizational documents of Borrower
delivered to Bank on the Effective Date and on September 26, 2013 remain true, accurate and complete and have not been amended, supplemented or restated and are and continue to be in full force and effect; 

5.4 The execution and delivery by Borrower of this Amendment and the performance by Borrower of its obligations under the Loan
Agreement, as amended by this Amendment, have been duly authorized; 
 5.5 The execution and delivery by Borrower of this Amendment
and the performance by Borrower of its obligations under the Loan Agreement, as amended by this Amendment, do not and will not contravene (a) any law or regulation binding on or affecting Borrower, (b) any contractual restriction with a
Person binding on Borrower, (c) any order, judgment or decree of any court or other governmental or public body or authority, or subdivision thereof, binding on Borrower, or (d) the organizational documents of Borrower; 

5.6 The execution and delivery by Borrower of this Amendment and the performance by Borrower of its obligations under the Loan
Agreement, as amended by this Amendment, do not require any order, consent, approval, license, authorization or validation of, or filing, recording or registration with, or exemption by any governmental or public body or authority, or subdivision
thereof, binding on Borrower, except as already has been obtained or made; 
 5.7 This Amendment has been duly executed and delivered
by Borrower and is the binding obligation of Borrower, enforceable against Borrower in accordance with its terms, except as such enforceability may be limited by bankruptcy, insolvency, reorganization, liquidation, moratorium or other similar laws
of general application and equitable principles relating to or affecting creditors’ rights; and 
 5.8 Attached as Schedule
1 are true, complete and correct copies of all of the documents relating to, evidencing or securing the Subordinated Horizon Loans, including all amendments, supplements and other modifications thereto (the “Subordinated Horizon Loan
Documents”). 
 6. Counterparts. This Amendment may be executed in any number of counterparts and all of such counterparts
taken together shall be deemed to constitute one and the same instrument. 
 7. Effectiveness. This Amendment shall be deemed
effective upon (a) the due execution and delivery to Bank of this Amendment by each party hereto, (b) Bank’s receipt of the Subordinated Horizon Loan Documents, (c) Bank’s receipt of the Restated Horizon Subordination
Agreement substantially in the form attached hereto as Schedule 2 and dated as of even date herewith, duly executed and delivered by Borrower, Horizon Collateral Agent and each of the Subordinated Horizon Creditors, and (d) payment of
Bank’s legal fees and expenses 

  
 5. 

 
in connection with the negotiation and preparation of this Amendment, the Restated Horizon Subordination Agreement and the review of the Subordinated Horizon Loan Documents. 

[Signature page follows.] 

  
 6. 

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

			
	 BANK:
  

SILICON VALLEY BANK

		
	By:	 	/s/ Matthew Wright
	Name:	 	Matthew Wright
	Title:	 	Director

  

			
	 BORROWER:
  

EASIC CORPORATION

		
	By:	 	/s/ Ronnie Vasishta
	Name:	 	Ronnie Vasishta
	Title:	 	CEO

  
 [Signature Page to
Tenth Amendment to Loan and Security Agreement] 

 ELEVENTH AMENDMENT TO 

LOAN AND SECURITY AGREEMENT 

THIS ELEVENTH AMENDMENT TO LOAN AND SECURITY AGREEMENT (this “Amendment”) is entered into this 4th day of December, 2014, by and between SILICON VALLEY BANK (“Bank”) and EASIC CORPORATION, a Delaware corporation (“Borrower”) whose address is 2585 Augustine
Drive, Suite 100, Santa Clara, California 95054. 
 RECITALS 

A. Bank and Borrower have entered into that certain Loan and Security Agreement dated as of September 29, 2010 (as the same may
from time to time be further amended, modified, supplemented or restated, the “Loan Agreement”). 
 B. Bank has
extended credit to Borrower for the purposes permitted in the Loan Agreement. 
 C. Borrower has requested that Bank amend the Loan
Agreement to (i) extend the Revolving Line Maturity Date, and (ii) make certain other revisions to the Loan Agreement as more fully set forth herein. 

D. Although Bank is under no obligation to do so, Bank is willing to amend certain provisions of the Loan Agreement as more fully set
forth herein, but only to the extent, in accordance with the terms, subject to the conditions and in reliance upon the representations and warranties set forth below. 

AGREEMENT 

NOW, THEREFORE, in consideration of the foregoing recitals and other good and valuable consideration, the receipt and adequacy of which is
hereby acknowledged, and intending to be legally bound, the parties hereto agree as follows: 
 1. Definitions. Capitalized terms used
but not defined in this Amendment shall have the meanings given to them in the Loan Agreement. 
 2. Amendments to Loan Agreement.

 2.1 Section 6.6 (Access to Collateral; Books and Records). The second sentence of Section 6.6 of the Loan Agreement
is hereby amended by deleting such sentence in its entirety, and replacing it with the following: 
 Provided no Event of Default has
occurred and is continuing, such audits shall be conducted no more than once every twelve (12) months. 

 2.2 Section 6.8 (Operating Accounts). Section 6.8(a) of the Loan Agreement is
hereby amended in its entirety and replaced with the following: 
 (a) Maintain all of its and all of its Subsidiaries’
primary operating and investment accounts with Bank and Bank’s Affiliates except for its foreign deposit accounts with the banks or financial institutions listed on the Perfection Certificate (individually, a “Foreign Deposit
Account”, and collectively, the “Foreign Deposit Accounts”); provided, that the Foreign Deposit Accounts shall not contain deposits having a value of more than Eight Hundred Thousand Dollars ($800,000) in the aggregate at
any time. 
 2.3 Section 6.12 (Financial Covenants). Section 6.12 of the Loan Agreement is hereby amended by deleting it in
its entirety and replacing it with the following: 
 6.12 Financial Covenants. Maintain at all times, subject to periodic reporting
as of the last day of each month, unless otherwise noted, on a consolidated basis with respect to Borrower: 
 (a) Minimum
Revenue. Commencing with the calendar quarter ending December 31, 2014, and as of the last day of each calendar quarter thereafter, aggregate revenue (as determined in accordance with GAAP), measured on a cumulative basis for the calendar
quarter then ended, of at least the following amounts at the following times: 
  

			
	 Quarter Ending
	  	 Required Minimum Revenue

	December 31, 2014	  	$10,960,000
	March 31, 2015	  	$15,394,000
	June 30, 2015	  	$16,119,000
	September 30, 2015	  	$16,457,000
	December 31, 2015	  	$17,780,000
	March 31, 2016	  	$18,000,000
	June 30, 2016	  	$18,000,000
	September 30, 2016	  	$18,000,000
	December 31, 2016	  	$18,000,000

 2.4 Section 8.2 (Covenant Default). Section 8.2(a) of the Loan Agreement is hereby amended by
deleting it in its entirety and replacing it with the following: 

  
 2 

 (a) Borrower fails or neglects to perform any obligation in Sections 6.2, 6.5,
6.6, 6.7, 6.8, 6.9(b), 6.12, or violates any covenant in Section 7; or 
 2.5 Section 13 (Definitions). 

(a) The definition of “Revolving Line Maturity Date” set forth in Section 13.1 of the Loan Agreement is hereby amended in
its entirety and replaced with the following: 
 “Revolving Line Maturity Date” is September 25, 2016. 

(b) The definition of “Eligible Accounts” set forth in Section 13.1 of the Loan Agreement is hereby amended by deleting
clause (v) in its entirety and replacing it with the following: 
 (v) Accounts owing from an Account Debtor, whose
total obligations to Borrower exceed thirty percent (30.0%) of all Accounts, except for (i) Ericsson and Arrow for which such percentage is seventy percent (70.0%), and (ii) Seagate and Cal-Comp for which such percentage is sixty
percent (60.0%), for the amounts that exceed that percentage, unless Bank approves in writing; and 
 2.6 Eleventh Amendment Fee.
Borrower shall pay to Bank on or before September 26, 2016, a non-refundable amendment fee of Forty Thousand Dollars ($40,000) which has been fully earned by Bank as of December 4, 2014 (the “Eleventh Amendment Fee”).
Notwithstanding the foregoing or anything to the contrary in the Loan Documents, in the event the Loan Agreement is terminated prior to the Revolving Line Maturity Date in accordance with Section 12.1 of the Loan Agreement, then in addition to
the payment of the early termination fee (and any other fees and expenses then-owing) as more fully described in Section 12.1 of the Loan Agreement, Borrower shall pay the Eleventh Amendment Fee to Bank on the date of such termination; provided
that no Eleventh Amendment Fee shall be charged if the credit facility under the Loan Agreement is replaced with a new facility from another division of Bank. 

2.7 Exhibit B (Compliance Certificate). The Compliance Certificate attached to the Loan Agreement as Exhibit B is replaced in its
entirety with the Compliance Certificate attached hereto as Exhibit B. From and after the date hereof, all references in the Loan Agreement to the Compliance Certificate shall mean the Compliance Certificate in the form attached hereto as
Exhibit B. 
 3. Limitation of Amendments. 

3.1 The amendments set forth in Section 2 above are effective for the purposes set forth herein and shall be limited precisely as
written and shall not be deemed to (a) be a consent to any amendment, waiver or modification of any other term or condition of any Loan Document, or (b) otherwise prejudice any right or remedy which Bank may now have or may have in the
future under or in connection with any Loan Document. 
 3.2 This Amendment shall be construed in connection with and as part of the
Loan Documents and all terms, conditions, representations, warranties, covenants and 

  
 3 

 
agreements set forth in the Loan Documents, except as herein amended, are hereby ratified and confirmed and shall remain in full force and effect. 

3.3 In addition to those Events of Default specifically enumerated in the Loan Documents, the failure to comply with the terms of any
covenant or agreement contained herein shall constitute an Event of Default and shall entitle the Bank to exercise all rights and remedies provided to the Bank under the terms of any of the other Loan Documents as a result of the occurrence of the
same. 
 4. Representations and Warranties. To induce Bank to enter into this Amendment, Borrower hereby represents and warrants to
Bank as follows: 
 4.1 Immediately after giving effect to this Amendment (a) the representations and warranties contained in the
Loan Documents are true, accurate and complete in all material respects as of the date hereof (except to the extent such representations and warranties relate to an earlier date, in which case they are true and correct as of such date), and
(b) no Event of Default has occurred and is continuing; 
 4.2 Borrower has the power and authority to execute and deliver this
Amendment and to perform its obligations under the Loan Agreement, as amended by this Amendment; 
 4.3 The organizational documents
of Borrower delivered to Bank on the Effective Date and on September 26, 2013 remain true, accurate and complete and have not been amended, supplemented or restated and are and continue to be in full force and effect; 

4.4 The execution and delivery by Borrower of this Amendment and the performance by Borrower of its obligations under the Loan
Agreement, as amended by this Amendment, have been duly authorized; 
 4.5 The execution and delivery by Borrower of this Amendment
and the performance by Borrower of its obligations under the Loan Agreement, as amended by this Amendment, do not and will not contravene (a) any law or regulation binding on or affecting Borrower, (b) any contractual restriction with a
Person binding on Borrower, (c) any order, judgment or decree of any court or other governmental or public body or authority, or subdivision thereof, binding on Borrower, or (d) the organizational documents of Borrower; 

4.6 The execution and delivery by Borrower of this Amendment and the performance by Borrower of its obligations under the Loan
Agreement, as amended by this Amendment, do not require any order, consent, approval, license, authorization or validation of, or filing, recording or registration with, or exemption by any governmental or public body or authority, or subdivision
thereof, binding on Borrower, except as already has been obtained or made; and 
 4.7 This Amendment has been duly executed and
delivered by Borrower and is the binding obligation of Borrower, enforceable against Borrower in accordance with its terms, except as such enforceability may be limited by bankruptcy, insolvency, reorganization, liquidation, moratorium or other
similar laws of general application and equitable principles relating to or affecting creditors’ rights. 

  
 4 

 5. Counterparts. This Amendment may be executed in any number of counterparts and all of
such counterparts taken together shall be deemed to constitute one and the same instrument. 
 6. Effectiveness. This Amendment shall
be deemed effective upon (a) the due execution and delivery to Bank of this Amendment by each party hereto, and (b) payment of Bank’s legal fees and expenses in connection with the negotiation and preparation of this Amendment. 

[Signature page follows.] 

  
 5 

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

			
	BANK:
	
	SILICON VALLEY BANK
		
	By:	 	 /s/ Matthew Wright

	Name:	 	 Matthew Wright

	Title:	 	 Director

	
	BORROWER:
	
	EASIC CORPORATION
		
	By:	 	 /s/ Ronnie Vasishta

	Name:	 	 Ronnie Vasishta

	Title:	 	 CEO

 EXHIBIT B 

COMPLIANCE CERTIFICATE 
  

					
	TO:	 	SILICON VALLEY BANK	 	Date:                                     
   
	FROM:        	 	EASIC CORPORATION	 	

 The undersigned authorized officer of eASIC Corporation (“Borrower”) certifies that under the
terms and conditions of the Loan and Security Agreement between Borrower and Bank (the “Agreement”): 
 (1) Borrower
is in complete compliance for the period ending                              with all required
covenants except as noted below; (2) there are no Events of Default; (3) all representations and warranties in the Agreement are true and correct in all material respects on this date except as noted below; provided, however, that such
materiality qualifier shall not be applicable to any representations and warranties that already are qualified or modified by materiality in the text thereof; and provided, further that those representations and warranties expressly referring to a
specific date shall be true, accurate and complete in all material respects as of such date; (4) Borrower, and each of its Subsidiaries, has timely filed all required tax returns and reports, and Borrower has timely paid all foreign, federal,
state and local taxes, assessments, deposits and contributions owed by Borrower except as otherwise permitted pursuant to the terms of Section 5.9 of the Agreement; and (5) no Liens have been levied or claims made against Borrower or any
of its Subsidiaries relating to unpaid employee payroll or benefits of which Borrower has not previously provided written notification to Bank. 

Attached are the required documents supporting the certification. The undersigned certifies that these are prepared in accordance with GAAP
consistently applied from one period to the next except as explained in an accompanying letter or footnotes. The undersigned acknowledges that no borrowings may be requested at any time or date of determination that Borrower is not in compliance
with any of the terms of the Agreement, and that compliance is determined not just at the date this certificate is delivered. Capitalized terms used but not otherwise defined herein shall have the meanings given them in the Agreement. 

Please indicate compliance status by circling Yes/No under “Complies” column. 

 

					
	 Reporting Covenant
	  	 Required
	 	 Complies

	Monthly financial statements with Compliance Certificate (“CC”)	  	Monthly within 30 days	 	Yes        No
			
	Annual financial statement (Company Prepared)	  	FYE within 30 days	 	Yes        No
			
	Annual financial statement (CPA Audited) + CC	  	FYE within 180 days*	 	Yes        No
			
	Annual Board-Approved financial projections	  	Annually within 10 days of approval	 	Yes        No
			
	Transaction Reports	  	 Weekly at all times that any Advances
 are
outstanding
	 	Yes        No
			
	Statements of Cash Balances at Foreign Deposit Accounts	  	Monthly within 30 days	 	Yes        No
			
	10-Q, 10-K and 8-K	  	Within 5 days after filing with SEC	 	Yes        No
			
	Borrowing Base Certificate A/R & A/P Agings	  	Monthly within 30 days	 	Yes        No
			
	*FYE 2012 and 2013 annual financial statements due 12/31/2014	  		 	

  

													
	 Financial Covenant
	  	 Required
	 	  	 Actual
	 	  	 Complies
	 
	 Maintain on a Quarterly Basis:
	  				  				  			
	 Minimum Revenue
	  				  				  			
	 December 31, 2014
	  	$	10,960,000	  	  	$	            	  	  	 	Yes        No	  
	 March 31, 2015
	  	$	15,394,000	  	  	$	            	  	  	 	Yes        No	  
	 June 30, 2015
	  	$	16,119,000	  	  	$	            	  	  	 	Yes        No	  

  
 Exhibit B – Page 1

													
	 September 30, 2015
	  	$	16,457,000	  	  	$	            	  	  	 	Yes        No	  
	 December 31, 2015
	  	$	17,780,000	  	  	$	            	  	  	 	Yes        No	  
	 March 31, 2016
	  	$	18,000,000	  	  	$	            	  	  	 	Yes        No	  
	 June 30, 2016
	  	$	18,000,000	  	  	$	            	  	  	 	Yes        No	  
	 September 30, 2016
	  	$	18,000,000	  	  	$	            	  	  	 	Yes        No	  
	 December 31, 2016
	  	$	18,000,000	  	  	$	            	  	  	 	Yes        No	  

  

									
	 Amount of Revolving Loan
	 
	 Aggregate Revenue
	  	Revolving
Loan	 	  	Applies	 
	 Aggregate revenue (as determined in accordance with GAAP) for the most recently ended three (3) calendar month period 3 $8,500,000
	  	$	8,000,000	  	  	 	Yes        No	  
	 Aggregate revenue (as determined in accordance with GAAP) for the most recently ended three (3) calendar month period <
$8,500,000
	  	$	5,000,000	  	  	 	Yes        No	  

 The following financial covenant analysis and information set forth in Schedule 1 attached hereto are true and
accurate as of the date of this Certificate. 
 The following are the exceptions with respect to the certification above: (If no exceptions
exist, state “No exceptions to note.”) 
  
  

 
  
  

 

 

 EASIC CORPORATION 
  

			
	By:	  	 

			
	Name:	  	 

			
	Title:	  	 

 

 BANK USE ONLY 
  

			
	Received by:	  	 
		  	AUTHORIZED SIGNER

			
	Date:	  	 

			
		
	Verified:	  	 
		  	AUTHORIZED SIGNER

			
	Date:	  	 

					
			
	Compliance Status:	  		  	Yes        No

 
 

  

  
 Exhibit B – Page 2

 Schedule 1 to Compliance Certificate 

Financial Covenants of Borrower 

In the event of a conflict between this Schedule and the Loan Agreement, the terms of the Loan Agreement shall govern. 

Dated:
                                        

 Minimum Revenue (Section 6.12(a)) 
  

	Required:	Commencing with the calendar quarter ending December 31, 2014, and as of the last day of each calendar quarter thereafter, aggregate revenue (as determined in accordance with GAAP), measured on a cumulative basis
for the calendar quarter then ended, of at least the following amounts at the following times: 

  

			
	 Quarter Ending
	  	 Required Minimum Revenue

	December 31, 2014	  	$10,960,000
	March 31, 2015	  	$15,394,000
	June 30, 2015	  	$16,119,000
	September 30, 2015	  	$16,457,000
	December 31, 2015	  	$17,780,000
	March 31, 2016	  	$18,000,000
	June 30, 2016	  	$18,000,000
	September 30, 2016	  	$18,000,000
	December 31, 2016	  	$18,000,000

 Actual:              

 

							
			
	A.	  	Aggregate revenue (as determined in accordance with GAAP) for the calendar quarter then ended on a cumulative basis	  	 	$            	  

 Is line A equal to or greater than the required amount above? 

 

			
	                     No, not in compliance	  	                     Yes, in compliance

  
 Schedule 1 to Exhibit
B

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