Document:

Form of Change in Control Severance Agreement for Executive Officers

 Exhibit 10.3 

CORSAIR MEMORY LETTERHEAD 
  

			
	  
	  	
	  
	  	
	  
	  	

 Dear
[                    ]: 

We are pleased to inform you that the Board of Directors of Corsair Memory, Inc., a Delaware corporation (the “Company”), has
approved a new severance benefit program for you. The purpose of this letter agreement is to set forth the terms and conditions of your severance benefits and to explain certain limitations that may govern their overall value or payment date.

 Your severance package will become payable should your employment terminate under certain circumstances following certain
changes in ownership or control of the Company. To understand the full scope of your benefits, you should familiarize yourself with the definitional provisions of Part One of this letter agreement. The benefits comprising your severance package are
detailed in Part Two, and the dollar limitations on the overall value of your benefit package and other applicable restrictions are specified in Parts Three and Four. 

PART ONE – DEFINITIONS 

For purposes of this Agreement, the following definitions shall be in effect: 

Board means the Company’s Board of Directors. 

Change in Control means a change in control of the Company effected through any of the following transactions: 

(i)        a merger, consolidation or reorganization approved by the Company’s
stockholders, unless securities representing more than fifty percent (50%) of the total combined voting power of the outstanding voting securities of the successor corporation are immediately thereafter beneficially owned, directly or
indirectly and in substantially the same proportion, by the persons who beneficially owned the Company’s outstanding voting securities immediately prior to such transaction; or 

(ii)        the sale, transfer or other disposition of all or substantially all of the
Company’s assets to any person, entity or group of persons acting in concert other than a sale, transfer or disposition to an entity, at least fifty percent (50%) of the combined voting power of the voting securities of which is owned by
the Company or by stockholders of the Company in substantially the same proportion as their ownership of the Company immediately prior to such sale; or 

 (iii)        the acquisition by any person or
related group of persons of beneficial ownership of securities of the Company possessing (or convertible into or exercisable for such securities possessing) more than 50% of the total combined voting power of the Company’s outstanding voting
securities (measured immediately after such acquisition) effected through a direct purchase of those securities from one or more of the Company’s stockholders. 

Change in Control Severance Period means the 18-month period following a Change in Control. 

Code means the Internal Revenue Code of 1986, as amended. 

Common Stock means the Company’s common stock. 

Company means Corsair Memory, Inc., a Delaware corporation. 

Executive means the undersigned executive. 

Good Reason means, without the Executive’s express written consent, (i) a material reduction in the Executive’s
authority, duties or responsibilities; (ii) a material reduction by the Company of the Executive’s base compensation; (iii) a material relocation of the Executive’s principal place of service (with the relocation of the Executive
to a facility or a location more than fifty (50) miles from his current location deemed to be material for such purpose); or (iv) the failure of the Company to obtain the assumption of this Agreement by any successors contemplated in
Section 8 below, provided that none of the events specified above shall constitute Good Reason unless (A) the Executive provides written notice of the occurrence of the event constituting Good Reason within ninety (90) days after the
occurrence of such event; and (B) the Company fails to cure such event within thirty (30) days after receipt of such written notice. If the Company fails to cure the event, the Executive’s termination shall be effective at the end of
the thirty (30)-day cure period. 
 Incapacity means the Executive’s failure to perform his or her duties with the
Company on a full-time basis for at least 180 consecutive days as a result of the Executive’s incapacity due to physical or mental illness. 

Involuntary Termination means (i) the Company’s termination of the Executive’s employment for any reason other than
a Termination for Cause, or (ii) a termination by the Executive for Good Reason. An Involuntary Termination shall not include the termination of the Executive’s employment by reason of death or Incapacity. 

Termination for Cause means the termination of the Executive’s employment by the Company due to (i) the continued
failure of the Executive to perform the material duties, responsibilities and obligations of the Executive’s position with the Company after written notice from the Company identifying the performance deficiencies and a reasonable cure period
of at least thirty (30) days, (ii) the commission of any act of fraud, embezzlement or dishonesty by the 
  

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Executive or the Executive’s commission of a felony which is materially damaging to the Company or its reputation, (iii) any intentional use or intentional disclosure by the Executive
of confidential information or trade secrets of the Company (or any parent or subsidiary) which is materially damaging to the Company or its reputation, (iv) any other intentional misconduct by the Executive which is materially damaging to the
Company or its reputation, (v) the Executive’s failure to cure any breach of the Executive’s obligations under this Agreement or Executive’s Proprietary Information and Inventions Agreement with the Company after written notice
of such breach from the Company and a reasonable cure period of at least thirty (30) days or (vi) the Executive’s material breach of any of the Executive’s fiduciary duties as an officer of the Company. The foregoing definition
shall not be deemed to be inclusive of all the acts or omissions which the Company (or any parent or subsidiary) may consider as grounds for the dismissal or discharge of the Executive or any other individual in the service of the Company (or any
parent or subsidiary), but a dismissal for such other acts or omissions shall not constitute a Termination for Cause for purposes of this Agreement. 

PART TWO – SEVERANCE BENEFITS 

1.        Entitlement.   Should the Executive’s employment with the
Company terminate by reason of an Involuntary Termination at any time during the Change in Control Severance Period, then the Executive shall become entitled to receive the severance benefits under this Part Two, provided the Executive executes and
delivers to the Company a general release in substantially the form attached as Exhibit A (the “Release”) hereto within twenty-one (21) days (or forty-five (45) days if such longer period is required by law) and such Release
becomes effective and enforceable in accordance with applicable law. Those benefits shall be in lieu of any other severance benefits to which the Executive might otherwise be entitled by reason of the Executive’s termination of employment under
such circumstances. 
 2.        Severance Benefits.   The
severance benefits payable to the Executive under this Part Two shall consist of the following: 

  (a)        Cash Severance Payments.   A lump sum
amount equal to two (2) times the Executive’s base salary for the year in which the Involuntary Termination occurs. The severance payments shall be subject to the Company’s collection of all applicable withholding taxes, and the
Executive will only be paid the amount remaining after such withholding taxes have been collected. The severance payments shall be made on the sixtieth day
(60th) following the Executive’s Separation from
Service provided the Release is effective following any applicable revocation. 

  (b)        Health Care Coverage.   Continued health
care coverage under the Company’s medical plan, without charge, for the Executive and the Executive’s eligible dependents upon the Executive’s election to receive such continued health care coverage under Code Section 4980B
(“COBRA”). Such Company-paid coverage shall continue until the earlier of (i) the expiration of the two (2)-year period measured from the first day of the calendar month following the calendar month in which the Executive’s

  

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Involuntary Termination occurs or (ii) the first date on which the Executive and the Executive’s eligible dependents are covered under another employer’s health benefit program
without exclusion for any pre-existing medical condition. Any additional health care coverage to which the Executive and the Executive’s dependents may be entitled under COBRA following the period of such Company-paid coverage shall be at the
Executive’s sole cost and expense. 
 3.        Equity Awards.
  All of the Executive’s outstanding equity compensation awards will fully vest upon an Involuntary Termination. 

PART THREE - LIMITATION ON BENEFITS 

4.        Benefit Limit.   The benefit limitations of this Part Three
shall be applicable in the event the Executive receives any benefits under this Agreement which are deemed to constitute parachute payments under Code Section 280G. 

  In the event that any payments to which the Executive becomes entitled in accordance with the provisions of this Agreement,
when aggregated with any other payments or benefits received by the Executive, would otherwise constitute a parachute payment under Code Section 280G, then such payments will be subject to reduction to the extent necessary to ensure that the
Executive receives only the greater of (i) the amount of those payments which would not constitute such a parachute payment or (ii) the amount which yields the Executive the greatest after-tax amount of benefits after taking into account
any excise tax imposed on the payments provided to the Executive under this Agreement (or on any other benefits to which the Executive may be entitled in connection with any change in control or ownership of the Company or the subsequent termination
of the Executive’s employment with the Company) under Code Section 4999. Any determinations as to such reduction shall be made by the Company. 

  Should a reduction in benefits be required to satisfy the benefit limit of this Paragraph 4, then the cash severance
payments shall accordingly be reduced to the extent necessary to comply with such benefit limit. To the extent further reductions are necessary to comply with such benefit limit, then the equity compensation awards held by the Executive shall not
accelerate pursuant to Paragraph 3 of Part Two. 
 5.        Delayed Commencement
of Benefits.   Notwithstanding any provision to the contrary in this Agreement, the cash payment to which the Executive otherwise becomes entitled under Part Two of this Agreement shall not be made to the Executive prior to the
earlier of (i) the expiration of the six (6)-month period measured from the date of the Executive’s Separation from Service with the Company or (ii) the date of the Executive’s death, if the Executive is deemed at
the time of such Separation from Service to be a “key employee” within the meaning of that term under Code Section 416(i) and such delayed commencement is otherwise required in order to avoid a prohibited distribution under Code
Section 409A(a)(2). Upon the expiration of the applicable Code Section 409A(a)(2) deferral period, the payment deferred pursuant to this Paragraph 5 shall be paid to the Executive in a lump sum. 

 

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 PART FOUR -MISCELLANEOUS PROVISIONS 

6.      Other Termination.   Upon the termination of the Executive’s
employment for any reason, the Company shall pay the Executive (i) any unpaid base salary earned for services rendered through the date of such termination, (ii) the value of any accrued but unpaid vacation benefits or sick days, and
(iii) any bonus amount actually earned and vested at time of such termination but not previously paid to the Executive. 

7.      Cessation of Benefits.   In the event of a material breach by the Executive
of any of the Executive’s obligations under the Executive’s Proprietary Information and Inventions Agreement with the Company, the Executive shall cease to be entitled to any further benefits under Part Two of this Agreement, including
(without limitation) any severance payment or continued health care coverage at the Company’s expense. In no event shall the Executive be entitled to any benefits under Part Two of this Agreement if the Executive’s employment ceases by
reason of a Termination for Cause or if the Executive voluntarily resigns other than for Good Reason. 

8.      Successors and Assigns.   The Company shall require any successor (whether
direct or indirect, by purchase, merger, consolidation or otherwise) to all or substantially all of the business and/or assets of the Company to expressly assume and agree to perform on 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. The provisions of this Agreement shall inure to the benefit of, and shall be binding upon, (i) the Company and its successors and assigns, including any successor
entity by merger, consolidation or transfer of all or substantially all of the Company’s assets (whether or not such transaction constitutes a Change in Control), and (ii) the Executive, the personal representative of the Executive’s
estate and the Executive’s heirs and legatees. 
 9.      General Creditor
Status.   The benefits to which the Executive may become entitled under Part Two of this Agreement shall be paid, when due, from the Company’s general assets, and no trust fund, escrow arrangement or other segregated account
shall be established as a funding vehicle for such payments. Accordingly, the Executive’s right (or the right of the executors or administrators of the Executive’s estate) to receive such benefits shall at all times be that of a general
creditor of the Company and shall have no priority over the claims of other general creditors. 

10.    Governing Documents.   This Agreement, together with (i) the agreements
evidencing the Executive’s currently outstanding equity compensation awards and any future equity compensation grants, (ii) the Executive’s Proprietary Information and Inventions Agreement, and (iii) any outstanding promissory
notes of the Executive payable to or to the order of the Company, shall constitute the entire agreement and understanding of the Company and the Executive with respect to the payment of severance benefits to the Executive and shall supersede all
prior and contemporaneous written or verbal agreements and understandings between the Executive and the Company relating to such subject matter. This Agreement may only be 
  

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amended by a written instrument signed by the Executive and an authorized officer of the Company. Any and all prior agreements, understandings or representations relating to the Executive’s
severance benefits, other than (i) the agreements evidencing the Executive’s currently outstanding equity compensation awards, (ii) the Executive’s Proprietary Information and Inventions Agreement and (iii) the
Executive’s outstanding promissory notes payable to or to the order of the Company, are hereby terminated and cancelled in their entirety and are of no further force or effect. 

11.        Governing Law.   The provisions of this Agreement shall be
construed and interpreted under the laws of the State of California applicable to agreements executed and wholly performed within the State of California. If any provision of this Agreement as applied to any party or to any circumstance should be
adjudged by a court of competent jurisdiction to be void or unenforceable for any reason, the invalidity of that provision shall in no way affect (to the maximum extent permissible by law) the application of such provision under circumstances
different from those adjudicated by the court, the application of any other provision of this Agreement, or the enforceability or invalidity of this Agreement as a whole. Should any provision of this Agreement become or be deemed invalid, illegal or
unenforceable in any jurisdiction by reason of the scope, extent or duration of its coverage, then such provision shall be deemed amended to the extent necessary to conform to applicable law so as to be valid and enforceable or, if such provision
cannot be so amended without materially altering the intention of the parties, then such provision will be stricken, and the remainder of this Agreement shall continue in full force and effect. 

12.        Arbitration. 

    A.        Each party agrees that any and all disputes which arise out of
or relate to the termination of the Executive’s employment or the terms of this Agreement shall be resolved through final and binding arbitration. Such arbitration shall be in lieu of any trial before a judge and/or jury, and the Executive and
Company expressly waive all rights to have such disputes resolved through trial before a judge and/or jury. Such disputes shall include, without limitation, claims for breach of contract or of the covenant of good faith and fair dealing, claims of
discrimination, claims under any federal, state or local law or regulation now in existence or hereinafter enacted and as amended from time to time concerning in any way the subject of the Executive’s employment with the Company or its
termination. The only claims not covered by this Agreement to arbitrate disputes are: (i) claims for benefits under the unemployment insurance benefits; (ii) claims for workers’ compensation benefits under any of the Company’s
workers’ compensation insurance policy or fund; and (iii) claims concerning the validity, infringement, ownership, or enforceability of any trade secret, patent right, copyright, trademark or any other intellectual property right, and any
claim pursuant to or under any existing confidential/proprietary/trade secrets information and inventions agreement(s) such as, but not limited to, the Proprietary Information and Inventions Agreement. With respect to such disputes, they shall not
be subject to arbitration; rather, they will be resolved pursuant to applicable law. 
  

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     B.        Arbitration shall
be held in Santa Clara County, California and conducted in accordance with the Commercial Rules of the American Arbitration Association (“AAA Rules”), provided, however, that the arbitrator shall allow the discovery authorized by
California Code of Civil Procedure section 1282, et seq., or any other discovery required by applicable law in arbitration proceedings, including, but not limited to, discovery available under the applicable state and/or federal arbitration
statutes. Also, to the extent that any of the AAA Rules or anything in this arbitration section conflicts with any arbitration procedures required by applicable law, the arbitration procedures required by applicable law shall govern. 

    C.        During the course of the arbitration, the Company will pay the
arbitrator’s fee and any other type of expense or cost that the Executive would not otherwise be required to bear if he were free to bring the dispute or claim in court and any other expense or cost that is unique to arbitration. If the
Executive prevails in any contest or dispute arising under this Agreement involving a termination of Executive’s employment with the Company or involving the failure or refusal of the Company to perform fully in accordance with the terms
hereof, the Company shall reimburse Executive for reasonable legal fees and related expenses, if any, incurred by Executive in connection with such contest or dispute. 

    D.        The arbitrator shall issue a written award that sets forth the
essential findings of fact and conclusions of law on which the award is based. The arbitrator shall have the authority to award any relief authorized by law in connection with the asserted claims or disputes. The arbitrator’s award shall be
subject to correction, confirmation, or vacation, as provided by applicable law setting forth the standard of judicial review of arbitration awards. Judgment upon the arbitrator’s award may be entered in any court having jurisdiction thereof.

 13.        Counterparts.   This Agreement may be executed in
more than one counterpart, each of which shall be deemed an original, but all of which together shall constitute but one and the same instrument. 
  

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 IN WITNESS WHEREOF, the parties have executed this Employment Agreement as of the day
and year written above. 
  

							
		 	CORSAIR MEMORY, INC.	  	
				
		 	By:	 	  
	  	

  

							
		 	Title:	 	  
	  	
			
		 	EXECUTIVE	  	
			
		 	  
	  	

  

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 EXHIBIT A 

FORM OF GENERAL RELEASE 

 RELEASE AND WAIVER OF CLAIMS 

In consideration of the severance payments and other benefits to which I have become entitled, pursuant to that certain
letter agreement between Corsair Memory, Inc., a Delaware corporation (the “Company”), and myself dated                     ,
20     (the “Severance Agreement”), in connection with the termination of my employment, I,
                                         
   , hereby furnish the Company with the following release and waiver (“Release and Waiver”). 

I hereby release and forever discharge the Company, its officers, directors, agents, employees, stockholders, successors,
assigns and affiliates from any and all claims, liabilities, demands, causes of action, costs, expenses, attorney fees, damages, indemnities and obligations of every kind and nature, in law, equity or otherwise, known and unknown, suspected and
unsuspected, disclosed and undisclosed, arising from or relating to my employment with the Company and the termination of that employment, including (without limitation) claims of wrongful discharge, emotional distress, defamation, fraud, breach of
contract, breach of the covenant of good faith and fair dealing, discrimination claims based on sex, age, race, national origin, disability or any other basis under Title VII of the Civil Rights Act of 1964, as amended, the California Fair
Employment and Housing Act, the Federal Age Discrimination in Employment Act of 1967, as amended (“ADEA”), the Americans with Disability Act, contract claims, tort claims, and wage or benefit claims, including but not limited to, claims
for salary, bonuses, commissions, stock grants, stock options, vacation pay, fringe benefits, severance pay or any other form of compensation (other than the severance payments and benefits to which I am, pursuant to the express provisions of the
Severance Agreement, entitled in connection with my termination of employment, my vested rights under the Company’s Section 401(k) Plan and any worker’s compensation benefits under any Company workers’ compensation insurance
policy or fund). 
 In releasing claims unknown to me at present, I am waiving all rights and benefits under
Section 1542 of the California Civil Code, and any law or legal principle of similar effect in any jurisdiction: “A general release does not extend to claims which the creditor does not know or suspect to exist in his favor at the time
of executing the release, which if known by him must have materially affected his settlement with the debtor.” 

This Release and Waiver does not pertain to any claims which may subsequently arise in connection with the Company’s
default in any severance payment obligations under the Severance Agreement. 
 I acknowledge that, among other
rights subject to this Release and Waiver, I am hereby waiving and releasing any rights I may have under ADEA, that this release and waiver is knowing and voluntary, and that the consideration given for this release and waiver is in addition to
anything of value to which I was already entitled as an executive of the Company. I further acknowledge that I have been advised, as required by the Older Workers Benefit Protection Act, that: (a) the release and waiver granted herein

 
does not relate to claims which may arise after this release and waiver is executed; (b) I have the right to consult with an attorney prior to executing this release and waiver (although I
may choose voluntarily not to do so); and if I am over 40 years old upon execution of this; (c) I have twenty-one (21) days from the date of termination of my employment with the Company in which to consider this release and waiver
(although I may choose voluntarily to execute this release and waiver earlier); (d) I have seven (7) days following the execution of this release and waiver to revoke my consent to this release and waiver; and (e) this release and
waiver shall not be effective until the seven (7)-day revocation period has expired. 
  

					
	Date:                           
                                         
            	 	
		
	Signature:                          
                                         
     	 	
		
	Print Name:                         
                                         
   	 	

  

 2Non-Qualified Stock Option Plan

 Exhibit 10.4 

CORSAIR MEMORY, INC. 

NON-QUALIFIED STOCK OPTION PLAN 
  

	1.	PURPOSE OF THE PLAN 

1.1        This Non-Qualified Stock Option Plan of Corsair Memory, Inc. was adopted by the
Company’s Board of Directors effective January 25, 2001. Under the Plan, Options may be granted to eligible Employees, Outside Directors and Consultants to purchase Shares of the Company’s Stock. The Plan is designed to enable the
Company and its Subsidiaries to attract, retain and motivate their Employees, Outside Directors and Consultants by providing for or increasing the proprietary interests of such persons in the Company. The Plan provides for Options that are
nonstatutory stock options under the Code. 
 1.2        The Plan is intended to qualify
as a compensatory benefit plan under, and qualify for the exemption from registration provided by, Rule 701 under the Securities Act and to be exempt from the securities qualification requirements of the California Securities Act by satisfying
the exemption from registration under section 25102(o) thereunder. However, Options may be awarded in reliance upon other federal and state exemptions. To the extent such other exemptions from registration are relied upon, the terms of this Plan
which are included only to comply with section 25102(o) shall be disregarded to the extent provided in the Stock Option Agreement and the Plan shall be so administered. 

 

	2.	DEFINITIONS. 

 Certain definitions used
herein are defined in the Glossary attached hereto. 
  

	3.	STOCK SUBJECT TO THE PLAN 

3.1        Maximum Shares.   The maximum number of Shares of Stock for which
Options granted hereunder may be exercised shall be 200,000, subject to the adjustments provided in Sections 3.2, and 6. Shares offered under this Plan shall be authorized but unissued Shares. The number of Shares which are subject to Options
shall not exceed the number of Shares which then remain available for issuance under the Plan, and during the term of the Plan the Company shall at all times reserve and keep available sufficient Shares to satisfy the requirements of the Plan.
Notwithstanding the foregoing, at no time shall the total number of Shares that may be issued upon the exercise of all outstanding options, and the total number of Shares provided under any stock bonus or similar plan of the Company, exceed thirty
percent (30%) of all outstanding Shares of the Company, unless a higher percentage is approved by an affirmative vote of at least two-thirds of the Company’s Shares entitled to vote. 

3.2        Expiration; Cancellation.   If any outstanding Option expires or is
canceled for any reason, the Shares allocable to the unexercised portion of such Option shall again be available for the purposes of the Plan. If a Share acquired under the Plan is forfeited or repurchased, then such Shares shall again become
available for award under the Plan. When the exercise price for an option granted under this Plan is paid with previously outstanding shares or with shares as to which the option is being exercised, as permitted in Section 5.8(a), the total
number of shares of stock for which further options may be granted under this Plan shall be 

 
irrevocably reduced by the total number of shares for which such option is thus exercised, without regard to the number of shares received or retained by the Company in connection with that
exercise. 
  

	4.	ELIGIBILITY 

4.1        Only Employees, Consultants and Outside Directors shall be eligible for the grant of
an Option under the Plan. 
  

	5.	OPTION GRANTS 

5.1        Stock Option Agreement.  Each grant of an Option under the Plan shall
be evidenced by a Stock Option Agreement between the Optionee and the Company. Such Option shall be subject to all applicable terms and conditions of the Plan and may be subject to any other terms and conditions imposed, as set forth in the Stock
Option Agreement, which are not inconsistent with the Plan. The provisions of the various Stock Option Agreements entered into under the Plan need not be identical. 

5.2        Number of Shares.  Each Stock Option Agreement shall specify the
number of Shares that are subject to the Option and shall provide for the adjustment of such number in accordance with Section 6. 

5.3        Exercise Price.  Each Stock Option Agreement shall set forth the
exercise price. The exercise price shall be determined by the Board in its sole discretion, provided, however, that the exercise price for each Option shall be not less than (i) eighty-five percent (85%) of the Fair Market Value of a Share
on the date of grant of the Option and (ii) one hundred ten percent (11 0%) of the Fair Market Value of a Share on the date of grant of the Option if the Option is granted to a Ten-Percent Shareholder. 

5.4        Term.  Each Stock Option Agreement shall specify the term of the
Option. No Option may be exercised in whole or in part more than ten years after the date of grant. Subject to the foregoing, the Board in its sole discretion shall determine when an Option shall expire. 

5.5        Exercise.  Each Stock Option Agreement shall also specify the date
when all or any installment of the Option is to become exercisable. Subject to the following restrictions, the Board in its sole discretion shall determine when all or any installment of an Option is to become exercisable and may, in its discretion,
provide for accelerated exercisability in the event of a Change in Control, the Optionee’s death, Disability or retirement or other events: 

    (a)        Options Granted to Employees.  An Option
granted to an Employee who is not an officer of the Company, a Parent or a Subsidiary shall be exercisable at the minimum rate of twenty percent (20%) per year for each of the first five (5) years starting from the date of grant, subject
to reasonable conditions such as continued Service. 

    (b)        Options Granted to Outside Directors, Consultants or
Officers.  An Option granted to an Outside Director, a Consultant or an officer of the Company, a Parent or a Subsidiary shall be exercisable at any time or during any period established by the Board, subject to reasonable conditions
such as continued Service. 
  

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     (c)        Exercise
Prior to Vesting.  A Stock Option Agreement may permit the Optionee to exercise the Option as to Shares that have not vested, subject to the Company’s right to repurchase any Shares that have not vested when the Optionee’s
Service terminates at the original Exercise Price, in accordance with Section 7.4. 

5.6        Vesting.  Each Stock Option Agreement shall specify the date when all
or any Shares subject to the Option shall be vested. Subject to the following restrictions, the Board in its sole discretion shall determine when all or any portion of the Shares subject to an Option shall be vested and may, in its discretion,
provide for accelerated vesting in the event of a Change in Control, the Optionee’s death, Disability or retirement or other events and may provide for the cessation of vesting prior to the end of its term in the event of the termination of the
Optionee’s Service: 
     (a)        Options Granted to
Employees.  An Option granted to an Employee who is not an officer of the Company, a Parent or a Subsidiary shall provide that the Shares subject to such Option shall become vested at the minimum rate of twenty percent (20%) per
year for each of the first five (5) years starting from the date of grant, subject to reasonable conditions such as continued Service. 

    (b)        Options Granted to Outside Directors, Consultants or
Officers.  An Option granted to an Outside Director, a Consultant or an officer of the Company, a Parent or a Subsidiary shall provide that the Shares subject to such Option shall become vested at any time or during any period
established by the Board, subject to reasonable conditions such as continued Service. 

5.7        Effect of Change in Control.  The Board may determine, at the time of
granting an Option or thereafter, that such Option shall become exercisable and/or shall vest in whole or in part with respect to the Shares subject to such Option in the event that a Change in Control occurs with respect to the Company before the
Optionee’s Service with the Company terminates. 
 5.8        Payment for Option
Shares.  The entire Exercise Price shall be payable in cash, cash equivalents or one of the following forms: 

    (a)        Surrender of Stock.  To the extent that a
Stock Option Agreement so provides, payment may be made all or in part with Shares which have already been owned by the Optionee or the Optionee’s representative for at least six (6) months (or any other time period specified by Board) and
which are surrendered to the Company in good form for transfer. Such Shares shall be valued at their Fair Market Value on the date when the new Shares are purchased under the Plan. 

    (b)        Promissory Notes.  To the extent that a
Stock Option Agreement so provides, payment may be made in whole or in part with a full-recourse promissory note executed by the Optionee. The interest rate and other terms and conditions of such note shall be determined by the Board. The Board may
require that the Optionee pledge his or her Shares to the Company for the purpose of securing the payment of such note. In no event shall the stock certificate(s) representing such Shares be released to the Optionee until such note is paid in full.

  

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     (c)        Cashless
Exercise.  To the extent that a Stock Option Agreement so provides and a public market for the Shares exists, payment may be made in whole or in part by delivery (on a form prescribed by the Board) of an irrevocable direction to a
securities broker to sell Shares and to deliver all or part of the sale proceeds to the Company in payment of the aggregate Exercise Price. 

    (d)        Exercise/Pledge.  To the extent that a Stock
Option Agreement so provides and a public market for the Shares exists, payment may be made in whole or in part by delivery (on a form prescribed by the Committee) of an irrevocable direction to a securities broker or lender to pledge Shares, as
security for a loan, and to deliver all or part of the loan proceeds to the Company in payment of the aggregate Exercise Price. 

    (e)        Other Forms of Payment.  To the extent
provided in the Stock Option Agreement, payment may be made in any other form that is consistent with applicable laws, regulations and rules. 

5.9        Leaves of Absence.  An Employee’s Service shall cease when such
Employee ceases to be actively employed by, or ceases to be a Consultant to, the Company (or any Subsidiary) as determined in the sole discretion of the Board. For purposes of Options, Service does not terminate when an Employee goes on a
bona fide leave of absence that was approved by the Company in writing, if the terms of the leave provide for continued service crediting, or when continued service crediting is required by applicable law. Service terminates in any event when
the approved leave ends, unless such Employee immediately returns to active work. The Board determines which leaves count toward Service, and when Service terminates for all purposes under the Plan. 

5.10        Exercise of Options on Termination of Service.  Each Option shall
set forth the extent to which the Optionee shall have the right to exercise the Option following termination of the Optionee’s Service with the Company and its Subsidiaries. Each Stock Option Agreement shall provide the Optionee with the right
to exercise the Option following the Optionee’s termination of Service during the Option term for at least thirty (30) days if termination of Service is due to any reason other than cause, death or Disability, and for at least six
(6) months after termination of Service if due to death or Disability. If the Optionee’s Service is terminated for cause, the Stock Option Agreement may provide that the Optionee’s right to exercise the Option terminates immediately
on the effective date of the Optionee’s termination. Subject to the foregoing, such provisions shall be determined in the sole discretion of the Board, need not be uniform among all Options issued pursuant to the Plan, and may reflect
distinctions based on the reasons for termination of employment. 
 5.11        No
Rights as a Shareholder.  An Optionee, or a transferee of an Optionee, shall have no rights as a Shareholder with respect to any Shares covered by his or her Option until the date of the issuance of a stock certificate for such Shares.
No adjustments shall be made, except as provided in Section 6. 

5.12        Modification, Extension and Renewal of Options.  Within the
limitations of the Plan, the Board may modify, extend or renew outstanding Options or may accept the cancellation of outstanding Options (to the extent not previously exercised), whether or not granted

  

 4 

 
hereunder, in return for the grant of new Options for the same or a different number of Shares and at the same or a different Exercise Price. The foregoing notwithstanding, no modification of an
Option shall, without the consent of the Optionee, alter or impair his or her rights or obligations under such Option. 

5.13        Buyout Provisions.  The Board may at any time (a) offer to
buyout for a payment in cash or cash equivalents an Option previously granted or (b) authorize an Optionee to elect to cash out an Option previously granted, in either case at such time and based upon such terms and conditions as the Board
shall establish. 
  

	6.	ADJUSTMENTS OF SHARES 

6.1        Adjustments.  In the event of a subdivision of the outstanding Stock,
a declaration of a dividend payable in Shares, a declaration of a dividend payable in a form other than Shares in an amount that has a material effect on the price of Shares, a combination or consolidation of the outstanding Stock (by
reclassification or otherwise) into a lesser number of Shares, a recapitalization, a spin-off or a similar occurrence, the Board shall make such adjustments as it, in its sole discretion, deems appropriate to one or more of the following:
(i) the number of Options available for future awards under Section 3; (ii) the number of Shares covered by each outstanding Option; or (iii) the Exercise Price under each outstanding Option. Except as provided in this
Section 6, an individual shall have no rights by reason of any issue by the Company of stock of any class or securities convertible into stock of any class, any subdivision or consolidation of shares of stock of any class, the payment of any
stock dividend or any other increase or decrease in the number of shares of stock of any class. 

6.2        Dissolution or Liquidation.  To the extent not previously exercised
or settled, Options shall terminate immediately prior to the dissolution or liquidation of the Company. 

6.3        Reorganizations.  Upon a reorganization, merger or consolidation of
the Company as a result of which the outstanding Shares of Stock are changed into or exchanged for cash, property or securities not of the Company’s issue, or any combination thereof, or upon a sale of substantially all the property of the
Company to, or the acquisition of stock representing more than eighty percent (80%) of the voting power of the Stock of the Company then outstanding by, another corporation or person, the Plan shall terminate, and all Options theretofore
granted hereunder shall terminate, unless provision shall be made in the merger or reorganization agreement for the continuance of the Plan and/or for the assumption of options covering the stock of a successor corporation, or a parent or a
subsidiary thereof, with appropriate adjustments as to the number and kind of shares and exercise prices. Such agreement of merger or reorganization may, but shall not be required to, provide for one or more of the following: (i) the
continuation of the outstanding Options by the Company, if the Company is a surviving corporation; (ii) the assumption of the outstanding Options by the surviving corporation or its parent or subsidiary; (iii) the substitution by the
surviving corporation or its parent or subsidiary of its own awards or options for the outstanding Options; (iv) immediate exercisability or vesting and accelerated expiration of the outstanding Options; or (v) settlement of the full value
of the outstanding Options in cash or cash equivalents followed by cancellation of such Options. If the Plan and unexercised Options shall terminate pursuant to the foregoing, all persons entitled to exercise any unexercised portions of Options then

  

 5 

 
outstanding shall have the right, at such time prior to the consummation of the transaction causing such termination as the Company shall designate, to exercise the unexercised portions of their
Options, including the portions thereof which would, but for this paragraph entitled “Reorganizations,” not yet be exercisable. The instrument evidencing any Option may also provide for such acceleration of otherwise unexercisable portions
of Options upon other specified events or occurrences, such as involuntary terminations of the Optionee’s employment following certain changes in the control of the Company. 

6.4        Reservation of Rights.  Except as provided in this Section 6, an
Optionee or Offeree shall have no rights by reason of any subdivision or consolidation of shares of stock of any class, the payment of any dividend or any other increase or decrease in the number of shares of stock of any class. Any issue by the
Company of shares of stock of any class, or securities convertible into shares of stock of any class, shall not affect, and no adjustment by reason thereof shall be made with respect to, the number or Exercise Price of Shares subject to an Option.
The grant of an Option pursuant to the Plan shall not affect in any way the right or power of the Company to make adjustments, reclassifications, reorganizations or changes of its capital or business structure, to merge or consolidate or to
dissolve, liquidate, sell or transfer all or any part of its business or assets. 
  

	7.	TRANSFER RESTRICTIONS AND REPURCHASE RIGHTS 

7.1        Transferability of Options.  During an Optionee’s lifetime, his
or her Options shall be exercisable only by the Optionee and shall not be transferable other than by will or by the laws of descent and distribution. Notwithstanding the foregoing, however, to the extent that a Stock Option Agreement so provides, an
Option may be transferred to a family member or a trust established for the benefit of a family member of the Purchaser to the extent permitted by section 260.l40.41(d) of Title 10 of the California Code of Regulations and Rule 701 of the
Securities Act. 
 7.2        Assignment.  Options and Shares acquired
under the Plan shall not be anticipated, assigned, attached, garnished, optioned, transferred or made subject to any creditor’s process, whether voluntarily, involuntarily or by operation of law, except as approved by the Board. 

7.3        Restrictions on Transfer of Shares.  Any Shares acquired under the
Plan through an Option shall be subject to such special forfeiture conditions, rights of repurchase, rights of first refusal and other transfer restrictions as the Board may determine. Such restrictions shall be set forth in the Stock Option
Agreement and shall apply in addition to any restrictions that may apply to holders of Shares generally. 

7.4        Company’s Right To Repurchase Shares.  The Company shall have
the right to repurchase a Purchaser’s Shares that have been acquired through an Option upon termination of the Purchaser’s Service if provided in the Stock Option Agreement. 

    (a)        Repurchase Price.  If the Company retains a
right to repurchase the Shares at the greater of the Exercise Price or Fair Market Value of the Shares on the date that the Purchaser’s Service terminates, then such repurchase right shall terminate when the Company’s Stock becomes
publicly traded. If the Company retains a right to repurchase Shares at the 
  

 6 

 
original Exercise Price, then such repurchase right shall lapse at the minimum rate of twenty percent (20%) per year over the five (5) year period starting on the date that the Option
was granted (without respect to the date the Option was exercised or became exercisable). The foregoing restrictions on the Company’s right of repurchase shall not apply to Options granted to Outside Directors, Consultants or officers of the
Company, a Parent or Subsidiary and such repurchase rights may be subject to additional or greater restrictions, as determined by the Board. 

    (b)        Exercise of Repurchase Price.  The
Company’s right of repurchase under this Section 7.4 may be exercised only within ninety (90) days of the date on which the Purchaser’s Service terminates or, if later, ninety (90) days from the date on which the Purchaser
acquired the Shares to be repurchased by the Company. 

    (c)        Payment of Repurchase Price.  The Company
shall pay the repurchase price in cash, cash equivalents or for cancellation of indebtedness incurred by the Purchaser in purchasing the Shares. 
  

	8.	ADMINISTRATION 

8.1        General Rule.  The Plan shall be administered by the Board. However,
the Board may delegate any or all administrative functions under the Plan otherwise exercisable by the Board to a Committee. The Board shall designate one of the members of the Committee as chairman. Members of the Committee shall serve for such
period of time as the Board may determine and shall be subject to removal by the Board at any time. The Board may also at any time terminate the functions of the Committee and reassume all powers and authority of the Board previously delegated to
the Committee. If a Committee has been appointed, any reference to the Board in the Plan shall be construed as a reference to the Committee to whom the Board has assigned a particular function. 

8.2        Committee Composition.  The Committee shall consist of two or more
members of the Board who have been appointed by the Board. If the Company’s Stock becomes publicly traded, the composition of the Committee shall satisfy (i) such requirements as the Securities and Exchange Commission may establish for
administrators acting under plans intended to qualify for exemption under Rule l6b-3 (or its successor) under the Exchange Act; and (ii) such requirements as the Internal Revenue Service may establish for outside directors acting under plans
intended to qualify for exemption under section 162(m)(4)(C) of the Code. The Board may also appoint one or more separate committees of the Board, each composed of one or more directors of the Company who need not satisfy the requirements of the
previous sentence, who may administer the Plan with respect to Employees who are not considered officers or directors of the Company under Section 16 of the Exchange Act, may grant Options under the Plan to such Employees and may determine all
terms of such grants. Within the limitations of the preceding sentence, any reference in the Plan to the Committee shall include such committee or committees appointed pursuant to the preceding sentence. 

8.3        Committee Procedures.  The Committee may hold meetings at such times
and places as it shall determine. The acts of a majority of the Committee members present at meetings at which a quorum exists, or acts reduced to or approved in writing by all Committee members, shall be valid acts of the Committee. 

 

 7 

 8.4        Board
Responsibilities.  Subject to the provisions of the Plan, the Board shall have the discretionary authority to take the following actions: 

    (a)        To interpret the Plan, to apply its provisions and to adopt,
amend or rescind rules, procedures and forms relating to the Plan; 

    (b)        To authorize any person to execute, on behalf of the Company,
any instrument required to carry out the purposes of the Plan; 

    (c)        To determine when Options are to be granted under the Plan,
to select Optionees and to determine the number of Shares to be made subject to each Option; 

    (d)        To prescribe the terms and conditions of each Option,
including (without limitation) the Exercise Price, the vesting or duration of the Option (including accelerating the vesting of the Option), and to specify the provisions of the Stock Option Agreement relating to such Option; 

    (e)        To amend any outstanding Stock Option Agreement, subject to
applicable legal restrictions and to the consent of the Optionee who entered into such agreement; 

    (f)        To determine the disposition of each Option under the Plan in
the event of an Offeree’s divorce or dissolution of marriage; 

    (g)        To determine whether Options under the Plan will be granted
in replacement of other grants under an incentive or other compensation plan of an acquired business; 

    (h)        To process claims and determine all questions relating to
Service of an Employee, Consultant or Outside Director, including, but not limited to, the date on which such Service has commenced and ended and the length of such Service for purposes of vesting under the Plan; 

    (i)        To correct any defect, supply any omission or reconcile any
inconsistency in the Plan or any Stock Option Agreement; and 

    (j)        To take any other actions deemed necessary or advisable for
the administration of the Plan. 
 All decisions, interpretations and other actions of the Board shall be final and binding on all persons. No
member of the Board shall be liable for any action that he or she has taken or has failed to take in good faith with respect to the Plan or any Option under the Plan. 
  

	9.	WITHHOLDING TAXES 

9.1        General.  To the extent required by applicable federal, state, local
or foreign law, an Optionee or his or her successor shall make arrangements satisfactory to the Board for the satisfaction of any withholding tax obligations that arise in connection with the Plan. The

  

 8 

 
Company shall not be required to issue any Shares under the Plan until such obligations are satisfied. 

9.2        Share Withholding.  The Board may permit an Optionee to satisfy all
or part of his or her withholding or income tax obligations by having the Company withhold all or a portion of any Shares that otherwise would be issued to him or her or by surrendering all or a portion of any Shares that he or she previously
acquired; provided, however, that in no event may an Optionee surrender Shares in excess of the legally required withholding amount. Such Shares shall be valued at their Fair Market Value on the date when taxes otherwise would be
withheld in cash. Any payment of taxes by assigning Shares to the Company may be subject to restrictions, including any restrictions required by rules of any federal or state regulatory body or other authority. 

9.3        Cashless Exercise/Pledge.  The Board may provide that if Company
Shares are publicly traded at the time of exercise, arrangements may be made to meet the Optionee’s withholding obligation by cashless exercise or pledge. 

9.4        Other Forms of Payment.  The Board may permit such other means of tax
withholding as it deems appropriate. 
  

	10.	SECURITIES LAW REQUIREMENTS. 

10.1        General.  Shares shall not be issued under the Plan unless the
issuance and delivery of such Shares complies with (or is exempt from) all applicable requirements of law, including (without limitation) the Securities Act, the rules and regulations promulgated thereunder, state securities laws and regulations,
and the regulations of any stock exchange on which the Company’s securities may then be listed. 

10.2        Voting and Dividend Rights.  The holders of Shares acquired under
the Plan shall have the same voting, dividend and other rights as the Company’s other Shareholders. 

10.3        Financial Reports.   At least annually, the Company shall furnish
its financial statements, including a balance sheet regarding the Company’s financial condition and results of operations, to Optionees whose duties at the Company do not assure them access to equivalent information. Financial statements need
not be audited. 
  

	11.	AMENDMENT AND TERMINATION 

11.1        The Board may alter, amend, suspend or terminate this Plan, provided that no such
action shall deprive an Optionee, without his or her consent, of any Option granted to the Optionee pursuant to this Plan or of any of his rights under such Option. Except as herein provided, no such action of the Board, unless taken with the
approval of the shareholders of the Company, may: 

    (a)        increase the maximum number of Shares for which Options
granted under the Plan may be exercised; 
     (b)        reduce
the minimum permissible Exercise Price; 
  

 9 

     (c)        extend the
ten-year duration of the Plan set forth herein; or 

    (d)        alter the class of persons eligible to receive Options under
the Plan. 
  

	12.	NO EMPLOYMENT RIGHTS. 

12.1        No provision of the Plan, or any right or Option granted under the Plan, shall be
construed to give any person any right to become an Employee, to be treated as an Employee, or to remain in the Service of the Company. The Company and its Subsidiaries reserve the right to terminate any person’s Service at any time and for any
reason. 
  

	13.	DURATION AND AMENDMENTS. 

13.1        Term of the Plan.  The Plan, as set forth herein, shall become
effective on the date of its adoption by the Board, subject to the approval of the Company’s Shareholders. In the event that the Shareholders fail to approve the Plan within twelve (12) months after its adoption by the Board, any grants
already made shall be null and void, and no additional grants shall be made after such date. The Plan shall terminate automatically on 10 years after its adoption by the Board and may be terminated on any earlier date pursuant to
Section 13.2 below. 
 13.2        Right to Amend or Terminate the
Plan.  The Board may amend the Plan at any time and from time to time, except for Sections 6.2 and 6.3 hereof which may not be amended. Rights and obligations under any Option granted before amendment of the Plan shall not be
materially altered, or impaired adversely, by such amendment, except with consent of the person to whom the Option was granted. An amendment of the Plan shall be subject to the approval of the Company’s Shareholders only to the extent required
by applicable laws, regulations or rules, including the rules of any applicable exchange. 

13.3        Effect of Amendment or Termination.  No Shares shall be issued or
sold under the Plan after the termination thereof, except upon exercise of an Option granted prior to such termination. The termination of the Plan, or any amendment thereof, shall not affect any Shares previously issued or any Option previously
granted under the Plan. 
  

	14.	EXECUTION. 

 To record the adoption of
the Plan by the Board on January 25, 2001, effective on such date, the Company has caused its authorized officer to execute the same. 

CORSAIR MEMORY, INC. 

By                        
                       

Name:                        
                
 Its: 

 

 10 

 GLOSSARY 

The following terms shall have the meanings ascribed below: 

1.        “Board” shall mean the Board of Directors of the Company, as constituted from time to
time. If a Committee has been appointed to administer the Plan, any reference to the Board in the Plan shall be construed as a reference to the Committee to whom the Board has assigned a particular function. 

2.         “California Securities Act” shall mean the portion of the California Corporate
Securities Act of 1968, as amended. 
 3.        “Change in Control” shall mean the
occurrence of any of the following events: 
     (a)        The
consummation of a merger or consolidation of the Company with or into another entity or any other corporate reorganization, if persons who were not Shareholders of the Company immediately prior to such merger, consolidation or other reorganization
own immediately after such merger, consolidation or other reorganization fifty percent (50%) or more of the voting power of the outstanding securities of each of (A) the continuing or surviving entity and (B) any direct or indirect
parent corporation of such continuing or surviving entity; 

    (b)        The consummation of the sale, transfer or other disposition of
all or substantially all of the Company’s assets or the Shareholders of the Company approve a plan of complete liquidation of the Company; or 

    (c)         Any “person” (as defined below) who, by the
acquisition or aggregation of securities, is or becomes the “beneficial owner” (as defined in Rule 13d-3 under the Exchange Act), directly or indirectly, of securities of the Company representing fifty percent (50%) or more of
the combined voting power of the Company’s then outstanding securities ordinarily (and apart from rights accruing under special circumstances) having the right to vote at elections of directors (the “Base Capital Stock”); except that
any change in the relative beneficial ownership of the Company’s securities by any person resulting solely from a reduction in the aggregate number of outstanding shares of Base Capital Stock, and any decrease thereafter in such person’s
ownership of securities, shall be disregarded until such person increases in any manner, directly or indirectly, such person’s beneficial ownership of any securities of the Company. 

For purposes of Section 3(c), the term “person” shall have the same meaning as when used in sections l3(d) and 14(d) of the Exchange Act
but shall exclude (1) a trustee or other fiduciary holding securities under an employee benefit plan maintained by the Company or a Parent or Subsidiary and (2) a corporation owned directly or indirectly by the Shareholders of the Company
in substantially the same proportions as their ownership of the Stock. 
 Notwithstanding the foregoing, the term “Change in Control”
shall not include a transaction the sole purpose of which is (a) to change the state of the Company’s incorporation, (b) to form a holding company that will be owned in substantially the same proportions by the persons who held the
Company’s securities immediately before such transaction; or (c) to make an initial public offering of the Company’s Stock. 
  

 11 

 4.        “Code” shall mean the Internal Revenue
Code of 1986, as amended. 
 5.        “Committee” shall mean the committee designated
by the Board, which is authorized to administer the Plan, as described in Section 8 of the Plan. 

6.        “Company” shall mean Corsair Memory, Inc., a California corporation. 

7.        “Consultant” shall mean a consultant or advisor who is not an Employee and who
provides bona fide services to the Company, its Parent or Subsidiary as an independent contractor or a member of the board of directors of a Parent or a Subsidiary. Service as a Consultant shall be considered Service for all purposes of the
Plan. 
 8.        “Disability” shall mean a condition that renders an individual
unable to engage in substantial gainful activity by reason of any medically determinable physical or mental impairment. 

9.        “Employee” shall mean any individual who is a common-law employee of the Company, a
Parent or a Subsidiary and who is an “employee” within the meaning of section 3401 (c) of the Code and regulations issued thereunder. 

10.        “Exchange Act” shall mean the Securities and Exchange Act of 1934, as amended.

 11.        “Exercise Price” shall mean the amount for which one Share may be
purchased upon the exercise of an Option, as specified in a Stock Option Agreement. 

12.        “Fair Market Value” means, with respect to a Share, the market price of one Share of
Stock, determined by the Board as follows: 
     (a)        If the
Stock was traded over-the-counter on the date in question but was not traded on The Nasdaq Stock Market, then the Fair Market Value shall be equal to the last transaction price quoted for such date by the OTC Bulletin Board or, if not so quoted,
shall be equal to the mean between the last reported representative bid and asked prices quoted for such date by the principal automated inter-dealer quotation system on which the Stock is quoted or, if the Stock is not quoted on any such system, by
the “Pink Sheets” published by the National Quotation Bureau, Inc.; 

    (b)        If the Stock was traded on The Nasdaq Stock Market, then the
Fair Market Value shall be equal to the last reported sale price quoted for such date by The Nasdaq Stock Market: 

    (c)        If the Stock was traded on a United States stock exchange on
the date in question, then the Fair Market Value shall be equal to the closing price reported for such date by the applicable composite-transactions report; and 

    (d)        If none of the foregoing provisions is applicable, then the
price at which one could reasonably expect such Stock to be sold in an arm’s-length transaction, for cash, other than on an installment basis, to a person not employed by, controlled by, in control of or under common control with the Company.
Such Fair Market Value shall be that which has currently or most recently been determined for this purpose by the Board, or at the discretion of the Board by 

 

 12 

 
an independent appraiser or appraisers selected by the Board, in either case giving due consideration to recent transactions involving shares of such Stock, if any, the Company’s net worth,
prospective earning power and dividend-paying capacity, the goodwill of the Company, the Company’s industry position and its management, that industry’s economic outlook, the effect of transfer restrictions to which such Stock may be
subject under law and under the applicable terms of any contract governing such Stock, the absence of a public market for such Stock and such other matters as the Board or its appraiser or appraisers deem pertinent. 

    (e)        In all cases, the determination by the Board or its appraiser
or appraisers of the Fair Market Value shall, if not unreasonable, be conclusive and binding notwithstanding the possibility that other persons might make a different, and also reasonable, determination. 

13.        “Option” shall mean a non-qualified option granted under the Plan and entitling the
holder to purchase Shares. 
 14.        “Optionee” shall mean an individual or estate
that holds an Option. 
 15.        “Outside Director” shall mean a member of the Board
of the Company, a Parent or a Subsidiary who is not a common-law employee of the Company, Parent or a Subsidiary. Service as an Outside Director shall be considered Service for all purposes of the Plan. 

16.        “Parent” shall mean any corporation (other than the Company) in an unbroken chain of
corporations ending with the Company, if each of the corporations other than the Company owns stock possessing fifty percent (50%) or more of the total combined voting power of all classes of stock in one of the other corporations in such
chain. A corporation that attains the status of a Parent on a date after the adoption of the Plan shall be considered a Parent commencing as of such date. 

17.        “Plan” shall mean the Corsair Memory, Inc. Non-Qualified Stock Option Plan.

 18.        “Purchaser” shall mean an eligible individual who has acquired Stock
under the Plan through the exercise of an Option. 
 19.        “Securities Act” shall
mean the Securities Act of 1933, as amended. 
 20.        “Service” shall mean service
as an Employee, a Consultant or an Outside Director. 
 21.        “Share” shall mean
one share of Stock, as adjusted in accordance with Section 6 (if applicable). 

22.        “Shareholder” shall mean the holder of Shares of Stock. 

23.        “Stock” shall mean the common stock of the Company. 

24.        “Stock Option Agreement” shall mean the agreement between the Company and an Optionee
which contains the terms, conditions and restrictions pertaining to the Optionee’s Option. 
  

 13 

 25.        “Subsidiary” means any corporation
(other than the Company) in an unbroken chain of corporations beginning with the Company, if each of the corporations other than the last corporation in the unbroken chain owns stock possessing fifty percent (50%) or more of the total combined
voting power of all classes of stock in one of the other corporations in such chain. A corporation that attains the status of a Subsidiary on a date after the adoption of the Plan shall be considered a Subsidiary commencing as of such date.

 26.        “Ten-Percent Shareholder” means an individual who owns more than ten
percent (10%) of the total combined voting power of all classes of outstanding stock of the Company, its Parent or any of its Subsidiaries. In determining stock ownership, the attribution rules of section 424(d) of the Code shall apply solely
for purposes of Sections 5.3 and 5.4 hereof. An individual shall be deemed to own the stock owned, directly or indirectly, by or for his or her brothers, sisters, spouse, ancestors and lineal descendants. Stock owned, directly or indirectly, by
or for a corporation, partnership, estate or trust shall be deemed to be owned proportionately by or for its Shareholders, partners or beneficiaries. Stock with respect to which such individual holds an Option shall not be counted. Outstanding stock
shall include all stock actually issued and outstanding immediately after the grant but shall not include Shares authorized for issuance under outstanding Options held by any individual. 

 

 14

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