Document:

2007 Employee Share Purchase Plan

 Exhibit 10.3 
 BCD SEMICONDUCTOR MANUFACTURING LIMITED 
 2007 EMPLOYEE SHARE PURCHASE PLAN 
 1. Purpose. The purpose of the Plan is to provide employees of the Company and its Designated Entities with an opportunity to purchase Plan Shares
through accumulated payroll deductions. The Company’s intention is to have the Plan qualify as an “employee stock purchase plan” under Section 423 of the Code. The provisions of the Plan, accordingly, will be construed so as to
extend and limit Plan participation in a uniform and nondiscriminatory basis consistent with the requirements of Section 423 of the Code. 
 2. Definitions. 
 (a) “Administrator” means the Board or any Committee designated by the Board to administer
the Plan pursuant to Section 14. 
 (b) “ADS” means an American Depository Share corresponding to an Ordinary Share or
Ordinary Shares, as applicable. 
 (c) “Applicable Laws” means the requirements relating to the administration of
equity-based awards under U.S. state corporate laws, U.S. federal and state securities laws, the Code, any share exchange or quotation system on which the Plan Shares are listed or quoted and the applicable laws of any other country or jurisdiction
where Awards are, or will be, granted under the Plan. 
 (d) “Board” means the Board of Directors of the Company.

 (e) “Change in Control” means the occurrence of any of the following events: 
 (i) Any “person” (as such term is used in Sections 13(d) and 14(d) of the Exchange Act) becomes the “beneficial owner” (as defined in
Rule 13d-3 of the Exchange Act), directly or indirectly, of securities of the Company representing fifty percent (50%) or more of the total voting power represented by the Company’s then outstanding voting securities; or 
 (ii) The consummation of the sale or disposition by the Company of all or substantially all of the Company’s assets; or 
 (iii) The consummation of a merger or consolidation of the Company with any other corporation, other than a merger or consolidation which would result
in the voting securities of the Company outstanding immediately prior thereto continuing to represent (either by remaining outstanding or by being converted into voting securities of the surviving entity or its parent) at least fifty percent
(50%) of the total voting power represented by the voting securities of the Company or such surviving entity or its parent outstanding immediately after such merger or consolidation; or 
 (iv) A change in the composition of the Board occurring within a two (2)-year period, as a result of which less than a majority of the Directors are
Incumbent Directors. 

 
“Incumbent Directors” means Directors who either (A) are Directors as of the effective date of the Plan, or (B) are elected, or nominated
for election, to the Board with the affirmative votes of at least a majority of the Directors at the time of such election or nomination (but will not include an individual whose election or nomination is in connection with an actual or threatened
proxy contest relating to the election of Directors to the Company). 
 (f) “Code” means the Internal Revenue Code of 1986,
as amended. Any reference to a section of the Code herein will be a reference to any successor or amended section of the Code. 
 (g)
“Committee” means a committee of the Board appointed in accordance with Section 14 hereof. 
 (h)
“Company” means BCD Semiconductor Manufacturing Limited, a Cayman Islands corporation. 
 (i)
“Compensation” means an Employee’s base straight time gross earnings, commissions (to the extent such commissions are an integral, recurring part of compensation), overtime and shift premium, but exclusive of payments for
incentive compensation, bonuses and other compensation. 
 (j) “Designated Entity” means any Parent or Subsidiary that has
been designated by the Administrator from time to time in its sole discretion as eligible to participate in the Plan. 
 (k)
“Director” means a member of the Board. 
 (l) “Eligible
Employee” means any individual who is a common law employee of an Employer and is customarily employed for at least twenty (20) hours per week and more than five (5) months in any calendar year by the Employer. For purposes of the
Plan, the employment relationship will be treated as continuing intact while the individual is on sick leave or other leave of absence that the Employer approves. Where the period of leave exceeds ninety (90) days and the individual’s
right to reemployment is not guaranteed either by statute or by contract, the employment relationship will be deemed to have terminated on the ninety-first (91st) day of such leave. The Administrator, in its discretion, from time to time may, prior to an Offering Date for all options to be granted on such Offering Date, determine (on a uniform and nondiscriminatory basis) that the definition
of Eligible Employee will or will not include an individual if he or she: (i) has not completed at least two (2) years of service since his or her last hire date (or such lesser period of time as may be determined by the Administrator in
its discretion), (ii) customarily works not more than twenty (20) hours per week (or such lesser period of time as may be determined by the Administrator in its discretion), (iii) customarily works not more than five (5) months
per calendar year (or such lesser period of time as may be determined by the Administrator in its discretion), (iv) is an officer or other manager, or (v) is a highly compensated employee under Section 414(q) of the Code.

 (m) “Employer” means any one or all of the Company and its Designated Entities. 
 (n) “Exchange Act” means the Securities Exchange Act of 1934, as amended, including the rules and regulations promulgated thereunder.

  

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 (o) “Exercise Date” means the first Trading Day on or after February 15 and
August 15. The first Exercise Date under the Plan will be August 15, 2008. 
 (p) “Fair Market Value” means, as of
any date, the value of Plan Shares as the Administrator may determine in good faith by reference to the price of such Plan Shares on any established stock exchange or a national market system on the day of determination if the Plan Share is so
listed on any established stock exchange or a national market system. If the Plan Share is not listed on any established stock exchange or a national market system, the value of the Plan Share as the Administrator may determine in good faith.

 For purposes of the Offering Date of the first Offering Period under the Plan, the Fair Market Value will be the initial price to the
public as set forth in the final prospectus included within the registration statement on Form F-1 filed with the Securities and Exchange Commission for the initial public offering of the Plan Shares (the “Registration Statement”).

 (q) “Fiscal Year” means the fiscal year of the Company. 
 (r) “New Exercise Date” means a new Exercise Date set by shortening any Offering Period then in progress. 
 (s) “Offering Date” means the first Trading Day of each Offering Period. 
 (t) “Offering Periods” means the period of time the Administrator may determine prior to an Offering Date, for options to be granted on
such Offering Date, during which an option granted under the Plan may be exercised, not to exceed twenty-seven (27) months. Unless the Administrator provides otherwise, Offering Periods will have a duration of approximately six months
(i) commencing on the first Trading Day on or after February 15 of each year and terminating on the first Trading Day on or following August 15, approximately six months later, and (ii) commencing on the first Trading Day on or
after August 15 of each year and terminating on the first Trading Day on or following February 15, approximately six months later; provided, however, that the first Offering Period under the Plan will commence with the first Trading Day on
or after the date on which the Securities and Exchange Commission declares the Company’s Registration Statement effective and end on the first Trading Day on or after August 15, 2008; and provided, further, that the second Offering Period
under the Plan will commence on the first Trading Day on or after August 15, 2008 and will end on the first Trading Day on or after February 15, 2009. The duration and timing of Offering Periods may be changed pursuant to Sections 4
and 20. 
 (u) “Ordinary Share” means an ordinary share of the Company. 
 (v) “Parent” means a “parent corporation,” whether now or hereafter existing, as defined in Section 424(e) of the Code.

 (w) “Plan” means this BCD Semiconductor Manufacturing Limited 2007 Employee Share Purchase Plan. 
 (x) “Plan Shares” means, as applicable, Ordinary Shares or ADSs. 
  

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 (y) “Purchase Period” means the period during an Offering Period during which Plan
Shares may be purchased on a participant’s behalf in accordance with the terms of the Plan. Unless the Administrator provides otherwise, the Purchase Period will have the same duration and coincide with the length of the Offering Period.

 (z) “Purchase Price” will be determined by the Administrator (in a uniform and nondiscriminatory basis) prior to an
Offering Date for all options to be granted on such Offering Date, subject to compliance with Section 423 of the Code (or any successor rule or provision or any other applicable law, regulation or share exchange rule) or pursuant to
Section 20. Unless and until the Administrator provides otherwise, the Purchase Price will be equal to eighty-five percent (85%) of the Fair Market Value of a Plan Share on the Offering Date or the Exercise Date, whichever is lower.

 (aa) “Subsidiary” means a “subsidiary corporation,” whether now or hereafter existing, as defined in
Section 424(f) of the Code. 
 (bb) “Trading Day” means a day on which the national share exchange upon which the Plan
Shares are listed is open for trading. 
 3. Eligibility. 
 (a) First Offering Period. Any individual who is an Eligible Employee immediately prior to the first Offering Period will be automatically enrolled
in the first Offering Period. 
 (b) Subsequent Offering Periods. Any Eligible Employee on a given Offering Date subsequent to the
first Offering Period will be eligible to participate in the Plan, subject to the requirements of Section 5. 
 (c) Limitations.
Any provisions of the Plan to the contrary notwithstanding, no Eligible Employee will be granted an option under the Plan (i) to the extent that, immediately after the grant, such Eligible Employee (or any other person whose share would be
attributed to such Eligible Employee pursuant to Section 424(d) of the Code) would own capital shares of the Company or any Parent or Subsidiary of the Company and/or hold outstanding options to purchase such shares possessing five percent
(5%) or more of the total combined voting power or value of all classes of the capital shares of the Company or of any Parent or Subsidiary of the Company, or (ii) to the extent that his or her rights to purchase shares under all employee
share purchase plans (as defined in Section 423 of the Code) of the Company or any Parent or Subsidiary of the Company accrues at a rate which exceeds twenty-five thousand dollars ($25,000) worth of shares (determined at the Fair Market Value
of the shares at the time such option is granted) for each calendar year in which such option is outstanding at any time. 
 4. Offering
Periods. The Plan will be implemented by consecutive Offering Periods with a new Offering Period commencing on the first Trading Day on or after February 15 and August 15 each year, or on such other date as the Administrator will
determine; provided, however, that the first Offering Period under the Plan will commence with the first Trading Day on or after the date upon which the Company’s Registration Statement is declared effective by the Securities and Exchange
Commission and end on the first Trading Day on or after the earlier of 

  

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(i) August 15, 2008, or (ii) twenty-seven (27) months from the beginning of the first Offering Period. The Administrator will have
the power to change the duration of Offering Periods (including the commencement dates thereof) with respect to future offerings without shareholder approval if such change is announced prior to the scheduled beginning of the first Offering Period
to be affected thereafter. 
 5. Participation. 
 (a) First Offering Period. An Eligible Employee will be entitled to continue to participate in the first Offering Period pursuant to Section 3(a) only if such individual submits a subscription agreement
authorizing payroll deductions in a form determined by the Administrator (which may be similar to the form attached hereto as Exhibit A) to the Company’s designated plan administrator (i) no earlier than the effective date of the
Form S-8 registration statement with respect to the issuance of Plan Shares under this Plan and (ii) no later than ten (10) business days following the effective date of such S-8 registration statement or such other period of time as the
Administrator may determine (the “Enrollment Window”). An Eligible Employee’s failure to submit the subscription agreement during the Enrollment Window will result in the automatic termination of such individual’s
participation in the first Offering Period. 
 (b) Subsequent Offering Periods. An Eligible Employee may participate in the Plan
pursuant to Section 3(b) by completing, signing and submitting to the Company an enrollment form in such form, manner and by such deadline as may be specified by the Administrator from time to time in its discretion and on a nondiscriminatory
basis. 
 6. Payroll Deductions. 
 (a) At the time a participant enrolls in the Plan pursuant to Section 5, he or she will elect to have payroll deductions made on each pay day during the Offering Period in an amount up to one hundred percent (100%) of the
Compensation which he or she receives on each pay day during the Offering Period or, if payroll withholding is not permitted under local laws, via such other means as specified by the Administrator. A participant’s subscription agreement will
remain in effect for successive Offering Periods unless terminated as provided in Section 10 hereof. 
 (b) Payroll deductions for a
participant will be made pursuant to such procedures as the Administrator may specify from time to time in its discretion and on a nondiscriminatory basis. 
 (c) All payroll deductions made for a participant will be credited to his or her account under the Plan and will be withheld in whole percentages only. A participant may not make any additional payments into such
account. 
 (d) A participant may discontinue his or her participation in the Plan as provided in Section 10, or may increase or
decrease the rate of his or her payroll deductions during the Offering Period by submitting an election in accordance with and to the extent permitted by procedures specified by the Administrator from time to time in its discretion and on a
nondiscriminatory basis. If a participant has not followed such procedures to change the rate of payroll deductions, the rate of his or her payroll deductions will continue at the originally elected rate throughout the Offering Period and future
Offering Periods (unless terminated as provided in 

  

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Section 10). The Administrator may, in its sole discretion, limit the nature and/or number of payroll deduction rate changes that may be made by
participants during any Offering Period. Any change in payroll deduction rate made pursuant to this Section 6(d) will be effective as of the first full payroll period following five (5) business days after the date on which the change is
made by the participant (unless the Administrator, in its sole discretion, elects to process a given change in payroll deduction rate more quickly). 
 (e) Notwithstanding the foregoing, to the extent necessary to comply with Section 423(b)(8) of the Code and Section 3(c), or if the Administrator reasonably anticipates a participant has contributed a
sufficient amount to purchase a number of Plan Shares equal to or in excess of the applicable limit for such Offering Period (as set forth in Section 7 or as established by the Administrator), a participant’s payroll deductions may be
decreased to zero percent (0%) at any time during an Offering Period. Subject to Section 423(b)(8) of the Code and Section 3(c) hereof, or for participants who have had their contributions reduced due to the applicable limits on the
maximum number of Plan Shares that may be purchased in any Offering Period, payroll deductions will recommence at the rate originally elected by the participant effective as of the beginning of the first Offering Period which is scheduled to end in
the following calendar year, unless terminated by the participant as provided in Section 10. 
 (f) At the time the option is exercised,
in whole or in part, or at the time some or all of the Plan Shares issued under the Plan is disposed of, the participant must make adequate provision for the Company’s or Employer’s federal, state, or any other tax liability payable to any
authority, national insurance, social security or other tax withholding obligations, if any, which arise upon the exercise of the option or the disposition of the Plan Shares. At any time, the Company or the Employer may, but will not be obligated
to, withhold from the participant’s compensation the amount necessary for the Company or the Employer to meet applicable withholding obligations, including any withholding required to make available to the Company or the Employer any tax
deductions or benefits attributable to sale or early disposition of Plan Shares by the Eligible Employee. 
 7. Grant of Option. On
the Offering Date of each Offering Period, each Eligible Employee participating in such Offering Period will be granted an option to purchase on each Exercise Date during such Offering Period (at the applicable Purchase Price) up to a number of Plan
Shares determined by dividing such Eligible Employee’s payroll deductions accumulated prior to such Exercise Date and retained in the Eligible Employee’s account as of the Exercise Date by the applicable Purchase Price; provided that in no
event will an Eligible Employee be permitted to purchase during each Purchase Period more than 2,000 Plan Shares (subject to any adjustment pursuant to Section 19), and provided further that such purchase will be subject to the limitations set
forth in Sections 3(c) and 13. The Eligible Employee may accept the grant of such option with respect to the first Offering Period by submitting a properly completed subscription agreement in accordance with the requirements of Section 5(a) on
or before the last day of the Enrollment Window, and (ii) with respect to any future Offering Period under the Plan, by electing to participate in the Plan in accordance with the requirements of Section 5(b). The Administrator may, for
future Offering Periods, increase or decrease, in its absolute discretion, the maximum number of Plan Shares that an Eligible Employee may purchase during each Purchase Period. Exercise of the option will occur as provided in Section 8, unless
the participant has withdrawn pursuant to Section 10. The option will expire on the last day of the Offering Period. 
  

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 8. Exercise of Option. 
 (a) Unless a participant withdraws from the Plan as provided in Section 10, his or her option for the purchase of Plan Shares will be exercised
automatically on the Exercise Date, and the maximum number of full Plan Shares subject to option will be purchased for such participant at the applicable Purchase Price with the accumulated payroll deductions in his or her account. No fractional
Plan Shares will be purchased; any payroll deductions accumulated in a participant’s account which are not sufficient to purchase a full Plan Share will be retained in the participant’s account for the subsequent Offering Period, subject
to earlier withdrawal by the participant as provided in Section 10. Any other funds left over in a participant’s account after the Exercise Date will be returned to the participant. During a participant’s lifetime, a
participant’s option to purchase Plan Shares hereunder is exercisable only by him or her. 
 (b) Notwithstanding any contrary Plan
provision, if the Administrator determines that, on a given Exercise Date, the number of Plan Shares with respect to which options are to be exercised may exceed (i) the number of Plan Shares that were available for sale under the Plan on the
Offering Date of the applicable Offering Period, or (ii) the number of Plan Shares available for sale under the Plan on such Exercise Date, the Administrator may in its sole discretion provide that the Company will make a pro rata allocation of
the Plan Shares available for purchase on such Offering Date or Exercise Date, as applicable, in as uniform a manner as will be practicable and as it will determine in its sole discretion to be equitable among all participants exercising options to
purchase Plan Shares on such Exercise Date, and continue all Offering Periods then in effect or terminate all Plan Periods then in effect pursuant to Section 20. The Company may make a pro rata allocation of the Plan Shares available on the
Offering Date of any applicable Offering Period pursuant to the preceding sentence, notwithstanding any authorization of additional shares for issuance under the Plan by the Company’s shareholders subsequent to such Offering Date. 

9. Delivery. As soon as administratively practicable after each Exercise Date on which a purchase of Plan Shares occurs, the Company will
arrange the delivery to each participant, as appropriate, the Plan Shares purchased upon exercise of his or her option in a form determined by the Administrator (in its sole discretion) and pursuant to rules established by the Administrator. The
Company may permit or require that Plan Shares be deposited directly with a broker designated by the Company or to a designated agent of the Company, and the Company may utilize electronic or automated methods of share transfer. The Company may
require that Plan Shares be retained with such broker or agent for a designated period of time and/or may establish other procedures to permit tracking of disqualifying dispositions of such Plan Shares. No participant will have any voting, dividend,
or other shareholder rights with respect to Plan Shares subject to any option granted under the Plan until such Plan Shares have been purchased and delivered to the participant as provided in this Section 9. 
 10. Withdrawal. 
 (a) A participant
may withdraw all but not less than all the payroll deductions credited to his or her account and not yet used to exercise his or her option under the Plan at any time by submitting a withdrawal election to the Company in accordance with and to the
extent permitted by procedures specified by the Administrator from time to time. All of the participant’s payroll deductions credited to his or her account will be paid to such participant as promptly as 

  

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practicable after the effective date of his or her notice of withdrawal and such participant’s option for the Offering Period will be automatically
terminated, and no further payroll deductions for the purchase of Plan Shares will be made for such Offering Period. If a participant withdraws from an Offering Period, payroll deductions will not resume at the beginning of the succeeding Offering
Period, unless the participant re-enrolls in the Plan in accordance with the provisions of Section 5. 
 (b) A participant’s
withdrawal from an Offering Period will not have any effect upon his or her eligibility to participate in any similar plan which may hereafter be adopted by the Company or in succeeding Offering Periods which commence after the termination of the
Offering Period from which the participant withdraws. 
 11. Termination of Employment. Upon a participant’s ceasing to be an
Eligible Employee, for any reason, he or she will be deemed to have elected to withdraw from the Plan and the payroll deductions credited to such participant’s account during the Offering Period but not yet used to purchase Plan Shares under
the Plan will be returned to such participant or, in the case of his or her death, to the person or persons entitled thereto under Section 15, and such participant’s option will be automatically terminated. 
 12. Interest. No interest will accrue on the payroll deductions of a participant in the Plan. 
 13. Shares. 
 (a) Subject to
adjustment upon changes in capitalization of the Company as provided in Section 19 hereof, the maximum number of Plan Shares which will be made available for sale under the Plan will be 1,200,000 Plan Shares, plus an annual increase to be added
on the first day of each Fiscal Year beginning with the 2009 Fiscal Year, equal to the least of (i) 3,000,000 Plan Shares, (ii) one percent (1%) of the outstanding Plan Shares on such date or (iii) an amount determined by the
Administrator. 
 (b) Until the Plan Shares are issued (as evidenced by the appropriate entry on the books of the Company or of a duly
authorized transfer agent of the Company), a participant will only have the rights of an unsecured creditor with respect to such Plan Shares, and no right to vote or receive dividends or any other rights as a shareholder will exist with respect to
such Plan Shares. 
 (c) Plan Shares to be delivered to a participant under the Plan will be registered in the name of the participant or in
the name of the participant and his or her spouse. 
 (d) For purposes of calculating the number of Plan Shares issued under this Plan (and
for purposes of calculating any other Plan Share limit set forth herein), the issuance of an ADS shall be deemed to equal one Ordinary Share, provided, however, that if the number of Ordinary Shares represented by an ADS is other than on a
one-to-one basis, the number of Ordinary Shares issued under this Plan (and any other Share limit set forth herein) shall be adjusted to reflect such issuance of ADSs. 
 14. Administration. The Plan will be administered by the Board or a Committee appointed by the Board, which Committee will be constituted to comply with Applicable Laws. The Administrator will have full and
exclusive discretionary authority to construe, interpret and apply the terms of the Plan, to determine eligibility and to adjudicate all disputed claims filed under the Plan. 

  

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Every finding, decision and determination made by the Administrator will, to the full extent permitted by law, be final and binding upon all parties.
Notwithstanding any provision to the contrary in this Plan, the Administrator may adopt rules or procedures relating to the operation and administration of the Plan to accommodate the specific requirements of local laws and procedures for
jurisdictions outside of the United States. Without limiting the generality of the foregoing, the Administrator is specifically authorized to adopt rules and procedures regarding eligibility to participate, the definition of Compensation, handling
of payroll deductions, making of contributions to the Plan (including, without limitation, in forms other than payroll deductions), establishment of bank or trust accounts to hold payroll deductions, payment of interest, conversion of local
currency, obligations to pay payroll tax, determination of beneficiary designation requirements, withholding procedures and handling of share certificates which vary with local requirements. 
 15. Designation of Beneficiary. 
 (a)
A participant may file a designation of a beneficiary who is to receive any Plan Shares and cash, if any, from the participant’s account under the Plan in the event of such participant’s death subsequent to an Exercise Date on which the
option is exercised but prior to delivery to such participant of such Plan Shares and cash. In addition, a participant may file a designation of a beneficiary who is to receive any cash from the participant’s account under the Plan in the event
of such participant’s death prior to exercise of the option. If a participant is married and the designated beneficiary is not the spouse, spousal consent will be required for such designation to be effective. 
 (b) Such designation of beneficiary may be changed by the participant at any time by notice in a form determined by the Administrator. In the event of
the death of a participant and in the absence of a beneficiary validly designated under the Plan who is living at the time of such participant’s death, the Company will deliver such Plan Shares and/or cash to the executor or administrator of
the estate of the participant, or if no such executor or administrator has been appointed (to the knowledge of the Company), the Company, in its discretion, may deliver such Plan Shares and/or cash to the spouse or to any one or more dependents or
relatives of the participant, or if no spouse, dependent or relative is known to the Company, then to such other person as the Company may designate. 
 (c) All beneficiary designations will be in such form and manner as the Administrator may prescribe from time to time. 
 16. Transferability. Neither payroll deductions credited to a participant’s account nor any rights with regard to the exercise of an option or to receive Plan Shares under the Plan may be assigned,
transferred, pledged or otherwise disposed of in any way (other than by will, the laws of descent and distribution or as provided in Section 15 hereof) by the participant. Any such attempt at assignment, transfer, pledge or other disposition
will be without effect, except that the Company may treat such act as an election to withdraw funds from an Offering Period in accordance with Section 10 hereof. 
 17. Use of Funds. The Company may use all payroll deductions received or held by it under the Plan for any corporate purpose, and the Company will not be obligated to segregate such payroll deductions. Until
Plan Shares are issued, participants will only have the rights of an unsecured creditor with respect to such Plan Shares. 
  

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 18. Reports. Individual accounts will be maintained for each participant in the Plan. Statements
of account will be given to participating Eligible Employees at least annually, which statements will set forth the amounts of payroll deductions, the Purchase Price, the number of Plan Shares purchased and the remaining cash balance, if any.

 19. Adjustments, Dissolution, Liquidation, Merger or Change in Control. 
 (a) Adjustments. In the event that any dividend or other distribution (whether in the form of cash, Plan Shares, other securities, or other
property), recapitalization, share split, reverse share split, reorganization, merger, consolidation, split-up, spin-off, combination, repurchase, or exchange of Plan Shares or other securities of the Company, or other change in the corporate
structure of the Company affecting the Plan Shares occurs, the Administrator, in order to prevent dilution or enlargement of the benefits or potential benefits intended to be made available under the Plan, will, in such manner as it may deem
equitable, adjust the number and class of Plan Shares which may be delivered under the Plan, the Purchase Price per share and the number of Plan Shares covered by each option under the Plan which has not yet been exercised, and the numerical limits
of Sections 7 and 13. 
 (b) Dissolution or Liquidation. In the event of the proposed dissolution or liquidation of the Company, any
Offering Period then in progress will be shortened by setting a New Exercise Date, and will terminate immediately prior to the consummation of such proposed dissolution or liquidation, unless provided otherwise by the Administrator. The New Exercise
Date will be before the date of the Company’s proposed dissolution or liquidation. The Administrator will notify each participant in writing, at least ten (10) business days prior to the New Exercise Date, that the Exercise Date for the
participant’s option has been changed to the New Exercise Date and that the participant’s option will be exercised automatically on the New Exercise Date, unless prior to such date the participant has withdrawn from the Offering Period as
provided in Section 10 hereof. 
 (c) Merger or Change in Control. In the event of a merger or Change in Control, each
outstanding option will be assumed or an equivalent option substituted by the successor corporation or a Parent or Subsidiary of the successor corporation. In the event that the successor corporation refuses to assume or substitute for the option,
the Offering Period with respect to which such option relates will be shortened by setting a New Exercise Date and will end on the New Exercise Date. The New Exercise Date will occur before the date of the Company’s proposed merger or Change in
Control. The Administrator will notify each participant in writing prior to the New Exercise Date, that the Exercise Date for the participant’s option has been changed to the New Exercise Date and that the participant’s option will be
exercised automatically on the New Exercise Date, unless prior to such date the participant has withdrawn from the Offering Period as provided in Section 10 hereof. 
  

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 20. Amendment or Termination. 
 (a) The Administrator, in its sole discretion, may amend, suspend, or terminate the Plan, or any part thereof, at any time and for any reason. If the Plan
is terminated, the Administrator, in its discretion, may elect to terminate all outstanding Offering Periods either immediately or upon completion of the purchase of Plan Shares on the next Exercise Date (which may be sooner than originally
scheduled, if determined by the Administrator in its discretion), or may elect to permit Offering Periods to expire in accordance with their terms (and subject to any adjustment pursuant to Section 19). If the Offering Periods are terminated
prior to expiration, all amounts then credited to participants’ accounts which have not been used to purchase Plan Shares will be returned to the participants (without interest thereon, except as otherwise required under local laws) as
soon as administratively practicable. 
 (b) Without shareholder consent and without limiting Section 20(a), the Administrator will be
entitled to change the Offering Periods, limit the frequency and/or number of changes in the amount withheld during an Offering Period, establish the exchange ratio applicable to amounts withheld in a currency other than U.S. dollars, permit payroll
withholding in excess of the amount designated by a participant in order to adjust for delays or mistakes in the Company’s processing of properly completed withholding elections, establish reasonable waiting and adjustment periods and/or
accounting and crediting procedures to ensure that amounts applied toward the purchase of Plan Shares for each participant properly correspond with amounts withheld from the participant’s Compensation, and establish such other limitations or
procedures as the Administrator determines in its sole discretion advisable which are consistent with the Plan. 
 (c) In the event the
Administrator determines that the ongoing operation of the Plan may result in unfavorable financial accounting consequences, the Administrator may, in its discretion and, to the extent necessary or desirable, modify, amend or terminate the Plan to
reduce or eliminate such accounting consequence including, but not limited to: 
 (i) amending the Plan to conform with the safe harbor
definition under Statement of Financial Accounting Standards 123(R), including with respect to an Offering Period underway at the time; 
 (ii) altering the Purchase Price for any Offering Period including an Offering Period underway at the time of the change in Purchase Price; 
 (iii) shortening any Offering Period so that Offering Period ends on a new Exercise Date, including an Offering Period underway at the time of the Board action; 
 (iv) reducing the maximum percentage of Compensation a participant may elect to set aside as payroll deductions; and 
 (v) reducing the maximum number of Plan Shares a participant may purchase during any Offering Period or Purchase Period. 
 Such modifications or amendments will not require shareholder approval or the consent of any Plan participants. 
 21. Notices. All notices or other communications by a participant to the Company under or in connection with the Plan will be deemed to have been
duly given when received in the form and manner specified by the Company at the location, or by the person, designated by the Company for the receipt thereof. 
  

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 22. Conditions Upon Issuance of Plan Shares. Plan Shares will not be issued with respect to an
option unless the exercise of such option and the issuance and delivery of such Plan Shares pursuant thereto will comply with all applicable provisions of law, domestic or foreign, including, without limitation, the Securities Act of 1933, as
amended, the Exchange Act, the rules and regulations promulgated thereunder, the requirements of any share exchange upon which the Plan Shares may then be listed, and applicable foreign exchange regulations of any jurisdiction and will be further
subject to the approval of counsel for the Company with respect to such compliance. 
 As a condition to the exercise of an option, the
Company may require the person exercising such option to represent and warrant at the time of any such exercise that the Plan Shares are being purchased only for investment and without any present intention to sell or distribute such Plan Shares if,
in the opinion of counsel for the Company, such a representation is required by any of the aforementioned applicable provisions of law. 
 23. Term of Plan. The Plan will become effective upon the earlier to occur of its adoption by the Board or its approval by the shareholders of the Company. It will continue in effect for a term of twenty (20) years, unless
sooner terminated under Section 20. 
 24. Shareholder Approval. The Plan will be subject to approval by the shareholders of the
Company within twelve (12) months after the date the Plan is adopted by the Board. Such shareholder approval will be obtained in the manner and to the degree required under Applicable Laws. 
 25. Tax Withholding. 
 (a)
Withholding Requirements. Prior to the delivery and after the sale of any Plan Shares, the Company will have the power and the right to deduct or withhold, or require a Participant to remit to the Company, an amount sufficient to satisfy
federal, state, local, foreign or other taxes, including, without limitation, the taxes of People’s Republic of China, required to be withheld with respect to the purchase of such Plan Shares. 
 (b) Withholding Arrangements. The Administrator, in its sole discretion and pursuant to such procedures as it may specify from time to time, may
permit a Participant to satisfy such tax withholding obligation, in whole or in part by (without limitation) (i) paying cash, (ii) electing to have the Company withhold otherwise deliverable cash or Plan Shares having a fair market value
equal to the minimum statutory amount required to be withheld, or (iii) delivering to the Company already-owned Plan Shares having a fair market value equal to the minimum statutory amount required to be withheld. The fair market value of the
Plan Shares to be withheld or delivered will be determined as of the date that the taxes are required to be withheld. 
  

 -12- 

 EXHIBIT A-1 
 BCD SEMICONDUCTOR MANUFACTURING LIMITED 
 2007 EMPLOYEE SHARE PURCHASE PLAN 
 U.S. SUBSCRIPTION AGREEMENT 
              Original Application    Offering Date:
                     
              Change in Payroll Deduction Rate 
              Change of Beneficiary(ies) 
  

	1.	                                      
   hereby elects to participate in the BCD Semiconductor Manufacturing Limited 2007 Employee Share Purchase Plan (the “Plan”) and subscribes to purchase the Company’s Plan Shares in accordance with this Subscription
Agreement and the Plan. 

  

	2.	I hereby authorize payroll deductions from each paycheck in the amount of     % of my Compensation on each payday (from 0 to 100%) during the Offering
Period in accordance with the Plan. (Please note that no fractional percentages are permitted.) 

  

	3.	I understand that said payroll deductions will be accumulated for the purchase of Plan Shares at the applicable Purchase Price determined in accordance with the Plan. I understand
that if I do not withdraw from an Offering Period, any accumulated payroll deductions will be used to automatically exercise my option and purchase Plan Shares under the Plan. 

  

	4.	I have received a copy of the complete Plan and its accompanying prospectus. I understand that my participation in the Plan is in all respects subject to the terms of the Plan.

  

	5.	Plan Shares purchased for me under the Plan should be issued in the name(s) of (Eligible Employee or Eligible Employee and Spouse only). 

  

	6.	 I understand that if I dispose of any Plan Shares received by me pursuant to the Employee Share Purchase Plan within two (2) years after the Offering Date (the
first day of the Offering Period during which I purchased such Plan Shares) or one (1) year after the Exercise Date, I will be treated for federal income tax purposes as having received ordinary income at the time of such disposition in an
amount equal to the excess of the fair market value of the Plan Shares at the time such Plan Shares were purchased by me over the price which I paid for the Plan Shares. I hereby agree to notify the Company in writing within thirty (30) days
after the date of any disposition of my Plan Shares and I will make adequate provision for Federal, state or other tax withholding obligations, if any, which arise upon the disposition of the Plan Shares. The Company may, but will not be
obligated to, withhold from my compensation the amount necessary to meet any applicable withholding obligation including any withholding necessary to make available to the Company any tax deductions or benefits attributable to sale or early
disposition of the Plan Shares by me. If I dispose of such Plan Shares at any 

	 	 
time after the expiration of the two (2)-year and one (1)-year holding periods, I understand that I will be treated for federal income tax purposes as having
received income only at the time of such disposition, and that such income will be taxed as ordinary income only to the extent of an amount equal to the lesser of (a) the excess of the fair market value of the Plan Shares at the time of such
disposition over the purchase price which I paid for the Plan Shares, or (b) 15% of the fair market value of the shares on the first day of the Offering Period. The remainder of the gain, if any, recognized on such disposition will be taxed as
capital gain. 

  

	7.	I hereby agree to be bound by the terms of the Plan. The effectiveness of this Subscription Agreement is dependent upon my eligibility to participate in the Plan.

  

	8.	In the event of my death, I hereby designate the following as my beneficiary(ies) to receive all payments and Plan Shares due me under the Employee Share Purchase Plan:

  

							
	NAME: (Please print)	 	  

		 	(First)	  	(Middle)	  	(Last)

  

									
	  
	 		 	  
	  		  	
	Relationship	 		 		  		  	
			
	  
	 		 	  

	Percentage Benefit	 		 	(Address)	  		  	
		 		 		  		  	

  

							
	NAME: (please print)	 	  

		 	(First)	  	(Middle)	  	(Last)

  

									
	  
	 		 	  
	  		  	
	Relationship	 		 		  		  	
			
	  
	 		 	  

	Percentage of Benefit	 		 	(Address)	  		  	

  

 -2- 

							
	 Employee’s Social
	 		 		 	
	 Security Number:
	 		 	  
	 	
				
	 Employee’s Address:
	 		 	  
	 	
				
		 		 	  
	 	
				
		 		 	  
	 	

 I UNDERSTAND THAT THIS SUBSCRIPTION AGREEMENT WILL REMAIN IN EFFECT THROUGHOUT SUCCESSIVE OFFERING PERIODS UNLESS
TERMINATED BY ME. 
  

							
	Dated:	 	  
	 		 	  

		 		 		 	Signature of Employee
				
	Dated:	 	  
	 		 	  

		 		 		 	Spouse’s Signature (If beneficiary other than spouse)

  

 -3- 

 EXHIBIT A-2 
 BCD SEMICONDUCTOR MANUFACTURING LIMITED 
 2007 EMPLOYEE SHARE PURCHASE PLAN 
 NON-US SUBSCRIPTION AGREEMENT 
              Original Application    Offering Date:
                     
              Change in Payroll Deduction Rate 
              Change of Beneficiary(ies) 
  

	1.	                                      
   hereby elects to participate in the BCD Semiconductor Manufacturing Limited 2007 Employee Share Purchase Plan (the “Plan”) and subscribes to purchase the Company’s Plan Shares in accordance with this Subscription
Agreement and the Plan. 

  

	2.	I hereby authorize payroll deductions from each paycheck in the amount of             % of my Compensation on each payday
(from 0 to 100%) during the Offering Period in accordance with the Plan. (Please note that no fractional percentages are permitted.) 

  

	3.	I understand that said payroll deductions will be accumulated for the purchase of Plan Shares at the applicable Purchase Price determined in accordance with the Plan. I understand
that if I do not withdraw from an Offering Period, any accumulated payroll deductions will be used to automatically exercise my option and purchase Plan Shares under the Plan. 

  

	4.	I have received a copy of the complete Plan and its accompanying prospectus. I understand that my participation in the Plan is in all respects subject to the terms of the Plan.

  

	5.	Plan Shares purchased for me under the Plan should be issued in the name(s) of (Eligible Employee or Eligible Employee and Spouse only). 

  

	7.	I hereby agree to notify the Company in writing within thirty (30) days after the date of any disposition of my Plan Shares. I will make adequate provision for tax
withholding obligations, if any, which arise upon the purchase and/or disposition of the Plan Shares. The Company may, but will not be obligated to, withhold from my compensation the amount necessary to meet any applicable withholding obligation
including any withholding necessary to make available to the Company any tax deductions or benefits attributable to the purchase and disposition of the Plan Shares by me. 

  

	8.	I hereby agree to be bound by the terms of the Plan. The effectiveness of this Subscription Agreement is dependent upon my eligibility to participate in the Plan.

  

	9.	In the event of my death, I hereby designate the following as my beneficiary(ies) to receive all payments and Plan Shares due me under the Employee Share Purchase Plan:

							
	NAME: (Please print)	 	  

		 	(First)	  	(Middle)	  	(Last)

  

									
	  
	 		 	  
	  		  	
	Relationship	 		 		  		  	
			
	  
	 		 	  

	Percentage Benefit	 		 	(Address)	  		  	
		 		 		  		  	

  

							
	NAME: (please print)	 	  

		 	(First)	  	(Middle)	  	(Last)

  

									
	  
	 		 	  

	Relationship	 		 		  		  	
			
	  
	 		 	  

	Percentage of Benefit	 		 	(Address)	  		  	

  

 -2- 

							
	 Employee’s Social
	 		 		 	
	 Security Number:
	 		 	  
	 	
				
	 Employee’s Address:
	 		 	  
	 	
				
		 		 	  
	 	
				
		 		 	  
	 	

 I UNDERSTAND THAT THIS SUBSCRIPTION AGREEMENT WILL REMAIN IN EFFECT THROUGHOUT SUCCESSIVE OFFERING PERIODS UNLESS
TERMINATED BY ME. 
  

							
	Dated:	 	  
	 		 	  

		 		 		 	Signature of Employee
				
	Dated:	 	  
	 		 	  

		 		 		 	Spouse’s Signature (If beneficiary other than spouse)

  

 -3- 

 EXHIBIT B 
 BCD SEMICONDUCTOR MANUFACTURING LIMITED 
 2007 EMPLOYEE SHARE PURCHASE PLAN 
 NOTICE OF WITHDRAWAL 
 The undersigned
participant in the Offering Period of the BCD Semiconductor Manufacturing Limited 2007 Employee Share Purchase Plan that began on
                    ,          (the “Offering Date”) hereby notifies the Company that
he or she hereby withdraws from the Offering Period. He or she hereby directs the Company to pay to the undersigned as promptly as practicable all the payroll deductions credited to his or her account with respect to such Offering Period. The
undersigned understands and agrees that his or her option for such Offering Period will be automatically terminated. The undersigned understands further that no further payroll deductions will be made for the purchase of Plan Shares in the current
Offering Period and the undersigned will be eligible to participate in succeeding Offering Periods only by delivering to the Company a new Subscription Agreement. 
  

			
	Name and Address of Participant:
	
	  

	
	  

	
	  

	
	Signature:
	
	  

		
	Date:Form of Indemnification Agreement with the Registrant's directors

 Exhibit 10.4 
 INDEMNIFICATION AGREEMENT 
 This Indemnification Agreement (“Agreement”) is entered
into as of the      day of             , 2007 by and between BCD Semiconductor Manufacturing Limited, a Cayman Islands company (the
“Company”), and                              (“Indemnitee”).

 RECITALS 
 A. The
Company and Indemnitee recognize the continued difficulty in obtaining liability insurance for its directors, officers, employees, agents and fiduciaries, the significant increases in the cost of such insurance and the general reductions in the
coverage of such insurance. 
 B. The Company and Indemnitee further recognize the substantial increase in corporate litigation in general,
subjecting directors, officers, employees, agents and fiduciaries to expensive litigation risks at the same time as the availability and coverage of liability insurance has been severely limited. 
 C. Indemnitee does not regard the current protection available as adequate under the present circumstances, and Indemnitee and other directors, officers,
employees, agents and fiduciaries of the Company may not be willing to continue to serve in such capacities without additional protection. 
 D. The Company desires to attract and retain the services of highly qualified individuals, such as Indemnitee, to serve the Company and, in part, in order to induce Indemnitee to continue to provide services to the Company, wishes to
provide for the indemnification and advancing of expenses to Indemnitee to the maximum extent permitted by law. 
 E. In view of the
considerations set forth above, the Company desires that Indemnitee be indemnified by the Company as set forth herein. 
 NOW, THEREFORE, the
Company and Indemnitee hereby agree as follows: 
 1. Indemnification. 
 (a) Indemnification of Expenses. The Company shall indemnify Indemnitee to the fullest extent permitted by Applicable Law (as defined in
Section 10(g) hereof) if Indemnitee was or is or becomes a party to or witness or other participant in, or is threatened to be made a party to or witness or other participant in, any threatened, pending or completed action, suit, proceeding or
alternative dispute resolution mechanism, or any hearing, inquiry or investigation that Indemnitee in good faith believes might lead to the institution of any such action, suit, proceeding or alternative dispute resolution mechanism, whether civil,
criminal, administrative, investigative or other (hereinafter a “Claim”) by reason of (or arising in part out of) any event or occurrence related to the fact that Indemnitee is or was a director, officer, employee, agent or
fiduciary of the Company, or any subsidiary of the Company, or is or was serving at the request of the Company as a director, officer, employee, agent or fiduciary of another corporation, partnership, joint venture, trust or other 

 
enterprise, or by reason of any action or inaction on the part of Indemnitee while serving in such capacity (hereinafter an “Indemnifiable
Event”) against any and all expenses (including attorneys’ fees and all other costs, expenses and obligations incurred in connection with investigating, defending, being a witness in or participating in (including on appeal), or
preparing to defend, be a witness in or participate in, any such action, suit, proceeding, alternative dispute resolution mechanism, hearing, inquiry or investigation), damages, judgments, fines, penalties and amounts paid in settlement (if such
settlement is approved in advance by the Company, which approval shall not be unreasonably withheld) of such Claim and any federal, state, local or foreign taxes imposed on Indemnitee as a result of the actual or deemed receipt of any payments under
this Agreement (collectively, hereinafter “Expenses”), including all interest, assessments and other charges paid or payable in connection with or in respect of such Expenses. Such payment of Expenses shall be made by the Company as
soon as practicable but in any event no later than five days after written demand by Indemnitee therefor is presented to the Company. 
 (b)
Reviewing Party. Notwithstanding the foregoing, (i) the obligations of the Company under Section 1(a) shall be subject to the condition that the Reviewing Party (as defined in Section 10(e) hereof) shall not have determined (in
a written opinion, in any case in which the Independent Legal Counsel (as defined in Section 10(d) hereof) is involved) that Indemnitee would not be permitted to be indemnified under Applicable Law, and (ii) the obligation of the Company
to make an advance payment of Expenses to Indemnitee pursuant to Section 2(a) (an “Expense Advance”) shall be subject to the condition that, if, when and to the extent that the Reviewing Party determines that Indemnitee would
not be permitted to be so indemnified under Applicable Law, the Company shall be entitled to be reimbursed by Indemnitee (who hereby agrees to reimburse the Company) for all such amounts theretofore paid; provided, however, that if
Indemnitee has commenced or thereafter commences legal proceedings in a court of competent jurisdiction to secure a determination that Indemnitee should be indemnified under Applicable Law, any determination made by the Reviewing Party that
Indemnitee would not be permitted to be indemnified under Applicable Law shall not be binding and Indemnitee shall not be required to reimburse the Company for any Expense Advance until a final judicial determination is made with respect thereto (as
to which all rights of appeal therefrom have been exhausted or lapsed). Indemnitees’ obligation to reimburse the Company for any Expense Advance shall be unsecured and no interest shall be charged thereon. If there has not been a Change in
Control (as defined in Section 10(c) hereof), the Reviewing Party shall be selected by the Board of Directors, and if there has been such a Change in Control (other than a Change in Control which has been approved by a majority of the
Company’s Board of Directors who were directors immediately prior to such Change in Control), the Reviewing Party shall be the Independent Legal Counsel. If there has been no determination by the Reviewing Party or if the Reviewing Party
determines that Indemnitee substantively would not be permitted to be indemnified in whole or in part under Applicable Law, Indemnitee shall have the right to commence litigation seeking an initial determination by the court or challenging any such
determination by the Reviewing Party or any aspect thereof, including the legal or factual bases therefor, and the Company hereby consents to service of process and to appear in any such proceeding. Any determination by the Reviewing Party otherwise
shall be conclusive and binding on the Company and Indemnitee. 
  

 -2- 

 (c) Change in Control. The Company agrees that if there is a Change in Control of the Company
(other than a Change in Control which has been approved by a majority of the Company’s Board of Directors who were directors immediately prior to such Change in Control) then, with respect to all matters thereafter arising concerning the rights
of Indemnitees to payments of Expenses and Expense Advances under this Agreement or any other agreement or under the Company’s Memorandum and Articles of Association as now or hereafter in effect (the “Memorandum and
Articles”), Independent Legal Counsel shall be selected by Indemnitee and approved by the Company (which approval shall not be unreasonably withheld). Such counsel, among other things, shall render its written opinion to the Company and
Indemnitee as to whether and to what extent Indemnitee would be permitted to be indemnified under Applicable Law and the Company agrees to abide by such opinion. The Company agrees to pay the reasonable fees of the Independent Legal Counsel referred
to above and to fully indemnify such counsel against any and all expenses (including attorneys’ fees), claims, liabilities and damages arising out of or relating to this Agreement or its engagement pursuant hereto. 
 (d) Mandatory Payment of Expenses. Notwithstanding any other provision of this Agreement other than Section 8 hereof, to the extent that
Indemnitee has been successful on the merits or otherwise, including, without limitation, the dismissal of an action without prejudice, in defense of any action, suit, proceeding, inquiry or investigation referred to in Section (1)(a) hereof or
in the defense of any claim, issue or matter therein, Indemnitee shall be indemnified against all Expenses incurred by Indemnitee in connection therewith. 
 2. Expenses; Indemnification Procedure. 
 (a) Advancement of Expenses. The Company shall
advance all Expenses incurred by Indemnitee. The advances to be made hereunder shall be paid by the Company to Indemnitee as soon as practicable but in any event no later than five days after written demand by Indemnitee therefor to the Company. To
the extent the Indemnitee has not requested any advanced payment of Expenses from the Company, Indemnitee shall be entitled to receive reimbursement for the Expenses incurred for which the Indemnitee is entitled to indemnification hereunder as soon
as practicable after Indemnitee makes a written request to the Company for the reimbursement. 
 (b) Notice/Cooperation by Indemnitee.
Indemnitee shall, as a condition precedent to Indemnitees’ right to be indemnified under this Agreement, give the Company notice in writing as soon as practicable of any Claim made against Indemnitee for which indemnification will or could be
sought under this Agreement. Notice to the Company shall be directed to the Chief Executive Officer of the Company at the address shown on the signature page of this Agreement (or such other address as the Company shall designate in writing to
Indemnitee). In addition, Indemnitee shall give the Company such information and cooperation as it may reasonably require and as shall be within Indemnitees’ power. 
 (c) No Presumptions; Burden of Proof. For purposes of this Agreement, the termination of any Claim by judgment, order, settlement (whether with or without court approval) or conviction, or upon a plea of
nolo contendere, or its equivalent, shall not create a presumption that Indemnitee did not meet any particular standard of conduct or have any particular belief or that a 

  

 -3- 

 
court has determined that indemnification is not permitted by Applicable Law. In addition, neither the failure of the Reviewing Party to have made a
determination as to whether Indemnitee has met any particular standard of conduct or had any particular belief, nor an actual determination by the Reviewing Party that Indemnitee has not met such standard of conduct or did not have such belief,
prior to the commencement of legal proceedings by Indemnitee to secure a judicial determination that Indemnitee should be indemnified under Applicable Law, shall be a defense to Indemnitee’s claim or create a presumption that Indemnitee has not
met any particular standard of conduct or did not have any particular belief. In connection with any determination by the Reviewing Party or otherwise as to whether Indemnitee is entitled to be indemnified hereunder, the burden of proof shall be on
the Company to establish that Indemnitee is not so entitled. 
 (d) Notice to Insurers. If, at the time of the receipt by the Company
of a notice of a Claim pursuant to Section 2(b) hereof, the Company has liability insurance in effect which may cover such Claim, the Company shall give prompt notice of the commencement of such Claim to the insurers in accordance with the
procedures set forth in the respective policies. The Company shall thereafter take all necessary or desirable action to cause such insurers to pay, on behalf of Indemnitee, all amounts payable as a result of such action, suit, proceeding, inquiry or
investigation in accordance with the terms of such policies. 
 (e) Selection of Counsel. In the event the Company shall be obligated
hereunder to pay the Expenses of any Claim, the Company shall be entitled to assume the defense of such Claim with counsel approved by Indemnitee, which approval shall not be unreasonably withheld, upon the delivery to Indemnitee of written notice
of its election so to do. After delivery of such notice, approval of such counsel by Indemnitee and the retention of such counsel by the Company, the Company will not be liable to Indemnitee under this Agreement for any fees of counsel subsequently
incurred by Indemnitee with respect to the same Claim; provided that, (i) Indemnitee shall have the right to employ Indemnitees’ counsel in any such Claim at Indemnitee expense and (ii) if (A) the employment of counsel by
Indemnitee has been previously authorized by the Company, (B) Indemnitee shall have reasonably concluded that there is a conflict of interest between the Company and Indemnitee in the conduct of any such defense, or (C) the Company shall
not continue to retain such counsel to defend such Claim, then the fees and expenses of Indemnitee counsel shall be at the expense of the Company. The Company shall have the right to conduct such defense as it sees fit in its sole discretion,
provide the Company shall not settle any Claim in any manner that would impose any damage, loss, penalty or limitation on Indemnitee without Indemnitee’s prior written consent. Neither Indemnitee nor the Company shall unreasonably withhold its
consent to any proposed settlement, provided that Indemnitee may withhold his consent if any proposed settlement imposes any damage, loss, penalty or limitation on Indemnitee. 
 3. Additional Indemnification Rights; Nonexclusivity. 
 (a) Scope. The Company hereby agrees to indemnify Indemnitee to the fullest extent permitted by Applicable Law, notwithstanding that such indemnification is not specifically authorized by the other provisions
of this Agreement or by the laws of the Cayman Islands. In the event of any change after the date of this Agreement in any Applicable Law, statute or rule which expands the right of a Delaware corporation to indemnify a member of its Board of
Directors or an 

  

 -4- 

 
officer, employee, agent or fiduciary, it is the intent of the parties hereto that Indemnitee shall enjoy by this Agreement the greater benefits afforded by
such change. In the event of any change in any Applicable Law, statute or rule which narrows the right of a Delaware corporation to indemnify a member of its Board of Directors or an officer, employee, agent or fiduciary, such change, to the extent
not otherwise required by such law, statute or rule to be applied to this Agreement, shall have no effect on this Agreement or the parties’ rights and obligations hereunder except as set forth in Section 8(a) hereof. 
 (b) Nonexclusivity. The indemnification provided by this Agreement shall be in addition to any rights to which Indemnitee may be entitled under
the Memorandum and Articles, any agreement, any vote of shareholders or disinterested directors, the laws of the Cayman Islands or otherwise. The indemnification provided under this Agreement shall continue as to Indemnitee for any action Indemnitee
took or did not take while serving in an indemnified capacity even though Indemnitee may have ceased to serve in such capacity. 
 (c)
Contribution. If the indemnification provided in this Agreement is unavailable and may not be paid to Indemnitee for any reason other than those set forth in Sections 8 or 13, then the Company shall contribute to the amount of Expenses paid
in settlement actually and reasonably incurred and paid or payable by Indemnitee in such proportion as is appropriate to reflect (i) the relative benefits received by the Company on the one hand and by the Indemnitee on the other hand from the
Indemnifiable Event from which such Claim arose, and (ii) the relative fault of the Company on the one hand and of the Indemnitee on the other hand in connection with the events which resulted in such Expenses, as well as any other relevant
equitable considerations. The relative fault of the Company on the one hand and of the Indemnitee on the other hand shall be determined by reference to, among other things, the parties’ relative intent, knowledge, access to information and
opportunity to correct or prevent the circumstances resulting in such Expenses, judgments, fines or settlement amounts. The Company agrees that it would not be just and equitable if contribution pursuant to this Section 3 were determined by pro
rata allocation or any other method of allocation which does not take account of the foregoing equitable considerations. 
 4. No
Duplication of Payments. The Company shall not be liable under this Agreement to make any payment in connection with any Claim made against Indemnitee to the extent Indemnitee has otherwise actually received payment (under any insurance policy,
Memorandum and Articles or otherwise) of the amounts otherwise indemnifiable hereunder. 
 5. Partial Indemnification. If Indemnitee
is entitled under any provision of this Agreement to indemnification by the Company for some or a portion of Expenses incurred in connection with any Claim, but not, however, for all of the total amount thereof, the Company shall nevertheless
indemnify Indemnitee for the portion of such Expenses to which Indemnitee are entitled. 
 6. Mutual Acknowledgement. Both the Company
and Indemnitee acknowledge that in certain instances, federal law or applicable public policy may prohibit the Company from indemnifying its directors, officers, employees, agents or fiduciaries under this Agreement or otherwise. Indemnitee
understands and acknowledges that the Company has undertaken or may be 

  

 -5- 

 
required in the future to undertake with the Securities and Exchange Commission to submit the question of indemnification to a court in certain circumstances
for a determination of the Company’s right under public policy to indemnify Indemnitee. 
 7. Liability Insurance. To the extent
the Company maintains liability insurance applicable to directors, officers, employees, agents or fiduciaries, Indemnitee shall be covered by such policies in such a manner as to provide Indemnitee the same rights and benefits as are accorded to the
most favorably insured of the Company’s directors, if Indemnitee is a director; or of the Company’s officers, if Indemnitee is not a director of the Company but is an officer; or of the Company’s key employees, agents or fiduciaries,
if Indemnitee is not an officer or director but is a key employee, agent or fiduciary. 
 8. Exceptions. Any other provision herein to
the contrary notwithstanding, the Company shall not be obligated pursuant to the terms of this Agreement: 
 (a) Excluded Action or
Omissions. To indemnify Indemnitee for Indemnitee’s acts, omissions or transactions from which Indemnitee or the Indemnitee may not be relieved of liability under Applicable Law or the Memorandum and Articles; 
 (b) Claims Initiated by Indemnitee. To indemnify or advance expenses to Indemnitee with respect to Claims initiated or brought voluntarily by
Indemnitee and not by way of defense, except (i) with respect to actions or proceedings brought to establish or enforce a right to indemnification under this Agreement or any other agreement or insurance policy or under the Memorandum and
Articles relating to Claims for Indemnifiable Events, (ii) in specific cases if the Board of Directors has approved the initiation or bringing of such Claim, or (iii) as otherwise required under Applicable Law, regardless of whether
Indemnitee ultimately is determined to be entitled to such indemnification, advance expense payment or insurance recovery, as the case may be; 
 (c) Lack of Good Faith. To indemnify Indemnitee for any expenses incurred by Indemnitee with respect to any proceeding instituted by Indemnitee to enforce or interpret this Agreement, if a court of competent jurisdiction determines
that each of the material assertions made by Indemnitee in such proceeding was not made in good faith or was frivolous; or 
 (d) Claims
Under Section 16(b). To indemnify Indemnitee for expenses and the payment of profits arising from the purchase and sale by Indemnitee of securities in violation of Section 16(b) of the Securities Exchange Act of 1934, as amended (the
“Exchange Act”), or any similar successor statute, if the Company is subject to the informational requirements of the Exchange Act and the provisions of Section 16(b) of the Exchange Act. 
 9. Period of Limitations. No legal action shall be brought and no cause of action shall be asserted by or in the right of the Company against
Indemnitee, Indemnitee’s estate, spouse, heirs, executors or personal or legal representatives after the expiration of two years from the date of accrual of such cause of action, and any claim or cause of action of the Company shall be
extinguished and deemed released unless asserted by the timely filing of a legal action within such two-year period; provided, however, that if any shorter period of limitations is otherwise applicable to any such cause of action, such
shorter period shall govern. 
  

 -6- 

 10. Construction of Certain Phrases. 
 (a) For purposes of this Agreement, references to the “Company” shall include, in addition to the resulting corporation, any constituent
corporation (including any constituent of a constituent) absorbed in a consolidation or merger which, if its separate existence had continued, would have had power and authority to indemnify its directors, officers, employees, agents or fiduciaries,
so that if Indemnitee is or was a director, officer, employee, agent or fiduciary of such constituent corporation, or is or was serving at the request of such constituent corporation as a director, officer, employee, agent or fiduciary of another
corporation, partnership, joint venture, employee benefit plan, trust or other enterprise, Indemnitee shall stand in the same position under the provisions of this Agreement with respect to the resulting or surviving corporation as Indemnitee would
have with respect to such constituent corporation if its separate existence had continued. 
 (b) For purposes of this Agreement, references
to “other enterprises” shall include employee benefit plans; references to “fines” shall include any excise taxes assessed on Indemnitee with respect to an employee benefit plan; and references to “serving at the request of
the Company” shall include any service as a director, officer, employee, agent or fiduciary of the Company which imposes duties on, or involves services by, such director, officer, employee, agent or fiduciary with respect to an employee
benefit plan, its participants or its beneficiaries; and if Indemnitee acted in good faith and in a manner Indemnitee reasonably believed to be in the interest of the participants and beneficiaries of an employee benefit plan, Indemnitee shall be
deemed to have acted in a manner “not opposed to the best interests of the Company” as referred to in this Agreement. 
 (c) For
purposes of this Agreement a “Change in Control” shall be deemed to have occurred if (i) any “person” (as such term is used in Sections 13(d) and 14(d) of the Exchange Act, other than a trustee or other fiduciary
holding securities under an employee benefit plan of the Company or a corporation owned directly or indirectly by the shareholders of the Company in substantially the same proportions as their ownership of shares of the Company, (A) who is or
becomes the beneficial owner, directly or indirectly, of securities of the Company representing 10% or more of the combined voting power of the Company’s then outstanding Voting Securities, increases his beneficial ownership of such securities
by 5% or more over the percentage so owned by such person, or (B) becomes the “beneficial owner” (as defined in Rule 13d-3 under said Exchange Act), directly or indirectly, of securities of the Company representing more than 20%
of the total voting power represented by the Company’s then outstanding Voting Securities, (ii) during any period of two consecutive years, individuals who at the beginning of such period constitute the Board of Directors of the Company
and any new director whose election by the Board of Directors or nomination for election by the Company’s shareholders was approved by a vote of at least two-thirds of the directors then still in office who either were directors at the
beginning of the period or whose election or nomination for election was previously so approved, cease for any reason to constitute a majority thereof, or (iii) the shareholders of the Company approve a merger or consolidation of the Company
with any other corporation other than a merger or consolidation which would result in the Voting Securities of the Company outstanding immediately prior thereto continuing to represent 

  

 -7- 

 
(either by remaining outstanding or by being converted into Voting Securities of the surviving entity) at least 80% of the total voting power represented by
the Voting Securities of the Company or such surviving entity outstanding immediately after such merger or consolidation, or the shareholders of the Company approve a plan of complete liquidation of the Company or an agreement for the sale or
disposition by the Company of (in one transaction or a series of transactions) all or substantially all of the Company’s assets. 
 (d)
For purposes of this Agreement, “Independent Legal Counsel” shall mean an attorney or firm of attorneys, selected in accordance with the provisions of Section 1(c) hereof, who shall not have otherwise performed services for the
Company or Indemnitee within the last three years (other than with respect to matters concerning the rights of Indemnitee under this Agreement, or of other indemnitees under similar indemnity agreements). 
 (e) For purposes of this Agreement, a “Reviewing Party” shall mean any appropriate person or body consisting of a member or members of the
Company’s Board of Directors or any other person or body appointed by the Board of Directors who is not a party to the particular Claim for which Indemnitee are seeking indemnification, or Independent Legal Counsel. 
 (f) For purposes of this Agreement, “Voting Securities” shall mean any securities of the Company that vote generally in the election of
directors. 
 (g) For the purposes of this Agreement, “Applicable Law” shall mean the General Corporation Law of the State of
Delaware or any federal statute, law, rule or regulation imposed on the parties by a Delaware court of law. 
 11. Counterparts. This
Agreement may be executed in one or more counterparts, each of which shall constitute an original. 
 12. Binding Effect; Successors and
Assigns. This Agreement shall be binding upon and inure to the benefit of and be enforceable by the parties hereto and their respective successors, assigns, including any direct or indirect successor by purchase, merger, consolidation or
otherwise to all or substantially all of the business and/or assets of the Company, spouses, heirs, and personal and legal representatives. The Company shall require and cause any successor (whether direct or indirect by purchase, merger,
consolidation or otherwise) to all, substantially all, or a substantial part, of the business and/or assets of the Company, by written agreement in form and substance satisfactory to Indemnitee, expressly to assume and agree to perform this
Agreement in the same manner and to the same extent that the Company would be required to perform if no such succession had taken place. This Agreement shall continue in effect with respect to Claims relating to Indemnifiable Events regardless of
whether Indemnitee continues to serve as a director, officer, employee, agent or fiduciary of the Company or of any other enterprise at the Company’s request. 
 13. Attorneys’ Fees. In the event that any action is instituted by Indemnitee under this Agreement or under any liability insurance policies maintained by the Company to enforce or interpret any of the
terms hereof or thereof, Indemnitee shall be entitled to be paid all Expenses incurred by Indemnitee with respect to such action, regardless of whether Indemnitee is ultimately 

  

 -8- 

 
successful in such action, and shall be entitled to the advancement of Expenses with respect to such action, unless, as a part of such action, a court of
competent jurisdiction over such action determines that each of the material assertions made by Indemnitee as a basis for such action was not made in good faith or was frivolous. In the event of an action instituted by or in the name of the Company
under this Agreement to enforce or interpret any of the terms of this Agreement, Indemnitee shall be entitled to be paid all Expenses incurred by Indemnitee in defense of such action (including costs and expenses incurred with respect to Indemnitee
counterclaims and cross-claims made in such action), and shall be entitled to the advancement of Expenses with respect to such action, unless, as a part of such action, a court having jurisdiction over such action determines that each of Indemnitee
material defenses to such action was made in bad faith or was frivolous. 
 14. Notice. All notices and other communications required
or permitted hereunder shall be in writing, shall be effective when given, and shall in any event be deemed to be given (a) five (5) days after deposit with the U.S. Postal Service or other applicable postal service, if delivered by first
class mail, postage prepaid, (b) upon delivery, if delivered by hand, (c) one business day after the business day of deposit with Federal Express or similar overnight courier, freight prepaid, or (d) one day after the business day of
delivery by facsimile transmission, if delivered by facsimile transmission, with copy by first class mail, postage prepaid, and shall be addressed if to Indemnitee, at the Indemnitee address as set forth beneath Indemnitee signatures to this
Agreement and if to the Company at the address of its principal corporate offices (attention: Secretary) or at such other address as such party may designate by ten days’ advance written notice to the other party hereto. 
 15. Consent to Jurisdiction. The Company and Indemnitee each hereby irrevocably consent to the jurisdiction of the courts of the State of Delaware
for all purposes in connection with any action or proceeding which arises out of or relates to this Agreement and agree that any action instituted under this Agreement shall be commenced, prosecuted and continued only in the Court of Chancery of the
State of Delaware in and for New Castle County, which shall be the exclusive and only proper forum for adjudicating such a claim. 
 16.
Severability. The provisions of this Agreement shall be severable in the event that any of the provisions hereof (including any provision within a single section, paragraph or sentence) are held by a court of competent jurisdiction to be
invalid, void or otherwise unenforceable, and the remaining provisions shall remain enforceable to the fullest extent permitted by law. Furthermore, to the fullest extent possible, the provisions of this Agreement (including, without limitations,
each portion of this Agreement containing any provision held to be invalid, void or otherwise unenforceable, that is not itself invalid, void or unenforceable) shall be construed so as to give effect to the intent manifested by the provision held
invalid, illegal or unenforceable. 
 17. Choice of Law. This Agreement shall be governed by and its provisions construed and enforced
in accordance with the laws of the State of Delaware, as applied to contracts between Delaware residents, entered into and to be performed entirely within the State of Delaware, without regard to the conflict of laws principles thereof. 

18. Subrogation. In the event of payment under this Agreement, the Company shall be subrogated to the extent of such payment to all of the
rights of recovery of Indemnitee who shall execute all documents required and shall do all acts that may be necessary to secure such rights and to enable the Company effectively to bring suit to enforce such rights. 
  

 -9- 

 19. Amendment and Termination. No amendment, modification, termination or cancellation of this
Agreement shall be effective unless it is in writing signed by both the parties hereto. No waiver of any of the provisions of this Agreement shall be deemed or shall constitute a waiver of any other provisions hereof (whether or not similar) nor
shall such waiver constitute a continuing waiver. 
 20. Integration and Entire Agreement. This Agreement sets forth the entire
understanding between the parties hereto and supersedes and merges all previous written and oral negotiations, commitments, understandings and agreements relating to the subject matter hereof between the parties hereto. 
 21. No Construction as Employment Agreement. Nothing contained in this Agreement shall be construed as giving Indemnitee any right to be retained
in the employ of the Company or any of its subsidiaries. 
  

 -10- 

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

  

			
	 BCD SEMICONDUCTOR MANUFACTURING LIMITED

		
	By:	 	  

		
	Title:	 	  

		
	Address:	 	  

	
	  

  

			
	 AGREED TO AND ACCEPTED BY INDEMNITEE:

		
	Signature:	 	  

		
	Printed Name:	 	  

		
	Address:	 	  

	
	  

	
	  

 SIGNATURE PAGE TO INDEMNIFICATION
AGREEMENT

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