Document:

Executive Employment Agreement - Steven Nasiri

 Exhibit 10.5 

EXECUTIVE EMPLOYMENT AGREEMENT 
  

 
 This Executive Employment Agreement, dated April 14,
2004, is between Invensense, Inc., a California corporation (the “Company”) and Steven Nasiri, the founder of the Company (“Executive”). 
  

	1.	POSITION AND RESPONSIBILITIES 

a.    Position. Executive is employed by the Company to render services to the Company in the position of Chief Executive
Officer and President. Executive shall perform such duties and responsibilities as are normally related to such position and any additional duties now or hereafter assigned to Executive by the Board of Directors. Executive shall abide by the rules,
regulations, and practices as adopted or modified from time to time in the Company’s sole discretion. 

b.    Other Activities. Except upon the prior written consent of the Company, Executive will not, during the term of
this Agreement, (i) accept any other employment, or (ii) engage, directly or indirectly, in any other business activity (whether or not pursued for pecuniary advantage) that might interfere with Executive’s duties and responsibilities
hereunder or create a conflict of interest with the Company. 
 c.    No Conflict. Executive represents and
warrants that Executive’s execution of this Agreement, Executive’s employment with the Company, and the performance of Executive’s proposed duties under this Agreement shall not violate any obligations Executive may have to any other
employer, person or entity, including any obligations with respect to proprietary or confidential information of any other person or entity. 
  

	2.	COMPENSATION AND BENEFITS 

a.    Base Salary. In consideration of the services to be rendered under this Agreement, the Company shall pay Executive
a salary at the rate of One-Hundred Fifty Thousand Dollars ($150,000.00) per year for the first year of employment, and One-Hundred Eighty Thousand Dollars ($180,000.000) per year beginning the second year of employment (“Base Salary”).
The Base Salary shall be paid in accordance with the Company’s regularly established payroll practice. Executive’s Base Salary will be reviewed from time to time in accordance with the established procedures of the Company for adjusting
salaries for similarly situated employees and, after the completion of the second year of employment, may be adjusted by the Company’s Compensation Committee. 

 

  

 b.    Bonus. Executive shall receive a bonus of Thirty-Thousand Dollars
($30,000.00) twelve months after the date of this Agreement. Thereafter, Executive may receive a yearly bonus as determined by the Company’s Compensation Committee. 

c.    Stock Options. In addition to the common stock of the Company owned by Executive on the date hereof, Executive may
be eligible for additional stock option grants of the Company as determined by the Company’s Compensation Committee. 

d.    Benefits. Executive shall be eligible to participate in the benefits made generally available by the Company to
similarly-situated Executives, in accordance with the benefit plans established by the Company, and as may be amended from time to time in the Company’s sole discretion. Executive shall also receive two weeks of paid vacation per year, as may
be adjusted upwards by the Company’s Compensation Committee. 
 e.    Expenses. The Company shall
reimburse Executive for reasonable business expenses incurred in the performance of Executive’s duties hereunder in accordance with the Company’s expense reimbursement guidelines. 

 

	3.	TERMINATION BY COMPANY 

a.    Termination by Company. The employment of Executive shall be “at-will” at all times. The Company may
terminate Executive’s employment with the Company at any time, without any advance notice, for any reason or no reason at all, notwithstanding anything to the contrary contained in or arising from any statements, policies or practices of the
Company relating to the employment, discipline or termination of its employees. Upon, and after, such termination, all obligations of the Company under this Agreement shall cease, except as described in Section 3(b) below. 

b.    Severance. In the event that (i) the Company terminates the employment of Executive at any time, except in
situations where the employment of Executive is terminated For Cause, following a Change of Control (as defined below) or in the event of Executive’s death or Disability (as defined below), (ii) without Executive’s consent, there is a
change in Executive’s position with the Company which reduces Executive’s level of responsibilitywith with the Company, (iii) without Executive’s consent, there is a reduction in Executive’s Base Salary, except for
reductions that are comparable to reductions generally applicable to similarly situated executives of the Company, or (iv) without Executive’s consent, Executive’s principal place of employment is relocated by more than thirty-five
(35) miles, Executive will be eligible to receive an amount equal to four months of the then-current Base Salary of the Executive payable in the form of salary continuation. In addition, nine-months’

  

	
	  
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acceleration of vesting (or release from the Company’s repurchase rights, as applicable) will occur on stock (including options) then subject to vesting (or repurchase). In the event of
Executive’s death or Disability, Executive will be eligible to receive an amount equal to two months of the then-current Base Salary of the Executive payable in the form of salary continuation and three months’ acceleration of vesting (or
release of the Company’s repurchase rights, as applicable) will occur on stock (including options) then subject to vesting (or repurchase). Executive shall not be entitled to any severance payments or acceleration of vesting (or release from
the Company’s repurchase rights, as applicable) on stock (including options) then subject to vesting (or repurchase) if Executive’s employment is terminated For Cause (as defined in Section 3(c) below). 

c.    Termination for Cause. For purposes of this Agreement, “For Cause” shall mean: (i) Executive is
convicted of a crime involving dishonesty, breach of trust, physical harm to any person, or a felony, (ii) Executive commits a material breach of this Agreement or the Proprietary Information Agreement (as defined below), which breach is not
cured within ten days after written notice to Executive from the Company, (iii) dishonest, unethical or fraudulent conduct that materially injurs, materially discredits or is materially determinetal to the reputation, character or standing of
the Company, or (iv) an unlawful criminal act which reflects badly on the Company’s business in the reasonable judgement of the Company’s board of directors. The Company may terminate Executive’s employment For Cause at any time,
without any advance notice. The Company shall pay to Executive all compensation to which Executive is entitled up through the date of termination, subject to any other rights or remedies of Employer under law; thereafter all obligations of the
Company under this Agreement shall cease. If Executive is terminated For Cause, there will be no acceleration of vesting (or release from the Company’s repurchase rights, as applicable) on stock or options then subject to vesting (or
repurchase). 
 d.    By Death. Executive’s employment shall terminate automatically upon Executive’s
death. The Company shall pay to Executive’s beneficiaries or estate, as appropriate, any compensation then due and owing pursuant to Section 3(b) above. Thereafter all obligations of the Company under this Agreement shall cease. Nothing in
this Section shall affect any entitlement of Executive’s heirs or devisees to the benefits of any life insurance plan or other applicable benefits. 

e.    By Disability. If Executive becomes eligible for the Company’s long term disability benefits or if, in the
reasonable opinion of the Company, Executive is unable to carry out the responsibilities and functions of the position held by Executive by reason of any physical or mental impairment for more than ninety consecutive days or more than one hundred
and twenty days in any twelve-month period (“Disability”), then, to the extent permitted by law, the Company may terminate Executive’s employment. The Company shall pay to Executive all compensation to which

  

	
	  
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Executive is entitled pursuant to Section 3(b) above up through the date of termination, and thereafter all obligations of the Company under this Agreement shall cease. Nothing in this
Section shall affect Executive’s rights under any disability plan in which Executive is a participant. 
  

	4.	CHANGE OF CONTROL. 

a.    Change of Control. For purposes of this Agreement, “Change of Control” shall mean a change in ownership
or control of the Company effected through a merger, consolidation or acquisition by any person or related group of persons (other than an acquisition by the Company or by a Company-sponsored employee benefit plan or by a person or persons that
directly or indirectly controls, is controlled by, or is under common control with, the Company) of beneficial ownership (within the meaning of Rule 13d-3 of the Securities Exchange Act of 1934) of securities possessing more than fifty percent
(50%) of the total combined voting power of the outstanding securities of the Company. In such event, six months’ acceleration of vesting (or release from the Company’s repurchase rights, as applicable) will occur on stock and options
then subject to vesting (or repurchase). 
 b.    Termination After Change of Control. In the event that the
Company or its successor in interest terminates Executive’s employment following a Change of Control, Executive will be eligible to receive an amount equal to four months of Executive’s then-current Base Salary payable in the form of
salary continuation and Executive’s shares of stock, and any other options received, shall become fully vested (or be fully released from the Company’s repurchase rights, as applicable) at the time of termination. Thereafter all
obligations of the Company or its successor in interest under this Agreement shall cease. 
 c.    Termination by
Executive for Good Reason. After a Change of Control, Executive’s termination shall be for “Good Reason” if Executive provides written notice to the Company within thirty days of the event constituting Good Reason and provides the
Company with a period of twenty days to cure the event constituting Good Reason and the Company fails to cure the Good Reason within that period. For purposes of this Agreement, “Good Reason” shall mean any of the following events if the
event is effected by the Company without the consent of Executive: (A) a change in Executive’s position with Employer which reduces Executive’s level of responsibility; (B) a reduction in Executive’s Base Salary, except for
reductions that are comparable to reductions generally applicable to similarly situated executives of the Company; or (C) a relocation of Executive’s principal place of employment by more than thirty-five (35) miles. In the event
Executive terminates his employment for Good Reason, then the Executive shall be eligible to receive the severance benefits described in paragraph 4.b. hereof. Thereafter all obligations of the Company or its successor in interest under this
Agreement shall cease. 
  

	
	  
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	5.	TERMINATION BY EXECUTIVE 

a.    At-Will Termination by Executive. Executive may terminate employment with the Company at any time for any reason or
no reason at all, upon four weeks’ advance written notice. During such notice period Executive shall continue to diligently perform all of Executive’s duties hereunder. The Company shall have the option, in its sole discretion, to make
Executive’s termination effective at any time prior to the end of such notice period as long as the Company pays Executive all compensation to which Executive is entitled up through the last day of the four week notice period. Thereafter all
obligations of the Company shall cease. 
  

	6.	TERMINATION OBLIGATIONS 

a.    Return of Property. Executive agrees that all property (including without limitation all equipment, tangible
proprietary information, documents, records, notes, contracts and computer-generated materials) furnished to or created or prepared by Executive incident to Executive’s employment belongs to the Company and shall be promptly returned to the
Company upon termination of Executive’s employment. 
 b.    Resignation and Cooperation. Upon termination
of Executive’s employment, Executive shall be deemed to have resigned from all offices and directorships then held with the Company. Following any termination of employment, Executive shall cooperate with the Company in the winding up of
pending work on behalf of the Company and the orderly transfer of work to other employees. Executive shall also cooperate with the Company in the defense of any action brought by any third party against the Company that relates to Executive’s
employment by the Company. 
 c.    Continuing Obligations. Executive understands and agrees that
Executive’s obligations under Sections 6, 7, and 8 herein shall survive the termination of Executive’s employment for any reason and the termination of this Agreement. 

 

	7.	INVENTIONS AND PROPRIETARY INFORMATION; PROHIBITION ON THIRD PARTY INFORMATION 

a.    Proprietary Information Agreement. Executive agrees to sign and be bound by the terms of the Proprietary
Information and Inventions Agreement, which is attached as Exhibit A (“Proprietary Information Agreement”). 

b.    Non-Solicitation. Executive acknowledges that because of Executive’s position in the Company, Executive will
have access to material intellectual property and confidential information. During the term of Executive’s employment and for one 

 

	
	  
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year thereafter, in addition to Executive’s other obligations hereunder or under the Proprietary Information Agreement, Executive shall not, for Executive or any third party, solicit or
otherwise induce any person employed by the Company to terminate his employment. 
 c.    Non-Disclosure of Third
Party Information. Executive represents and warrants and covenants that Executive shall not disclose to the Company, or use, or induce the Company to use, any proprietary information or trade secrets of others at any time, including but not
limited to any proprietary information or trade secrets of any former employer, if any; and Executive acknowledges and agrees that any violation of this provision shall be grounds for Executive’s immediate termination and could subject
Executive to substantial civil liabilities and criminal penalties. Executive further specifically and expressly acknowledges that no officer or other employee or representative of the Company has requested or instructed Executive to disclose or use
any such third party proprietary information or trade secrets. 
  

	8.	ARBITRATION 

 Executive agrees to sign and be bound by the
terms of the Arbitration Agreement, which is attached as Exhibit B. 
  

	9.	AMENDMENTS; WAIVERS; REMEDIES 

 This Agreement may not be
amended or waived except by a writing signed by Executive and by a duly authorized representative of the Company other than Executive. Failure to exercise any right under this Agreement shall not constitute a waiver of such right. Any waiver of any
breach of this Agreement shall not operate as a waiver of any subsequent breaches. All rights or remedies specified for a party herein shall be cumulative and in addition to all other rights and remedies of the party hereunder or under applicable
law. 
  

	10.	ASSIGNMENT; BINDING EFFECT 

a.    Assignment. The performance of Executive is personal hereunder, and Executive agrees that Executive shall have no
right to assign and shall not assign or purport to assign any rights or obligations under this Agreement. This Agreement may be assigned or transferred by the Company; and nothing in this Agreement shall prevent the consolidation, merger or sale of
the Company or a sale of any or all or substantially all of its assets. 
 b.    Binding Effect. Subject to the
foregoing restriction on assignment by Executive, this Agreement shall inure to the benefit of and be binding upon each of the 

 

	
	  
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parties; the affiliates, officers, directors, agents, successors and assigns of the Company; and the heirs, devisees, spouses, legal representatives and successors of Executive. 

 

	11.	SEVERABILITY 

 If any provision of this Agreement shall be
held by a court or arbitrator to be invalid, unenforceable, or void, such provision shall be enforced to the fullest extent permitted by law, and the remainder of this Agreement shall remain in full force and effect. In the event that the time
period or scope of any provision is declared by a court or arbitrator of competent jurisdiction to exceed the maximum time period or scope that such court or arbitrator deems enforceable, then such court or arbitrator shall reduce the time period or
scope to the maximum time period or scope permitted by law. 
  

	12.	TAXES 

 All amounts paid under this Agreement (including
without limitation Base Salary and Severance) shall be paid less all applicable state and federal tax withholdings and any other withholdings required by any applicable jurisdiction. 

 

	13.	GOVERNING LAW 

 This Agreement shall be governed by and
construed in accordance with the laws of the State of California. 
  

	14.	INTERPRETATION 

 This Agreement shall be construed as a whole,
according to its fair meaning, and not in favor of or against any party. Sections and section headings contained in this Agreement are for reference purposes only, and shall not affect in any manner the meaning or interpretation of this Agreement.
Whenever the context requires, references to the singular shall include the plural and the plural the singular. 
  

	15.	OBLIGATIONS SURVIVE TERMINATION OF EMPLOYMENT 

 Executive
agrees that any and all of Executive’s obligations under this agreement, including but not limited to Exhibits A and B, shall survive the termination of employment and the termination of this Agreement. 

 

	
	  
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	16.	COUNTERPARTS 

 This Agreement may be executed in any number of
counterparts, each of which shall be deemed an original of this Agreement, but all of which together shall constitute one and the same instrument. 
  

	17.	AUTHORITY 

 Each party represents and warrants that such party
has the right, power and authority to enter into and execute this Agreement and to perform and discharge all of the obligations hereunder; and that this Agreement constitutes the valid and legally binding agreement and obligation of such party and
is enforceable in accordance with its terms. 
  

	18.	ENTIRE AGREEMENT 

 This Agreement is intended to be the final,
complete, and exclusive statement of the terms of Executive’s employment by the Company and may not be contradicted by evidence of any prior or contemporaneous statements or agreements, except for agreements specifically referenced herein
(including the Executive Proprietary Information and Inventions Agreement attached as Exhibit A, the Arbitration Agreement attached as Exhibit B. To the extent that the practices, policies or procedures of the Company, now or in the future, apply to
Executive and are inconsistent with the terms of this Agreement, the provisions of this Agreement shall control. Any subsequent change in Executive’s duties, position, or compensation will not affect the validity or scope of this Agreement.

  

	
	  
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	19.	EXECUTIVE ACKNOWLEDGEMENT 

 EXECUTIVE ACKNOWLEDGES
EXECUTIVE HAS HAD THE OPPORTUNITY TO CONSULT LEGAL COUNSEL CONCERNING THIS AGREEMENT, THAT EXECUTIVE HAS READ AND UNDERSTANDS THE AGREEMENT, THAT EXECUTIVE IS FULLY AWARE OF ITS LEGAL EFFECT, AND THAT EXECUTIVE HAS ENTERED INTO IT FREELY BASED ON
EXECUTIVE’S OWN JUDGMENT AND NOT ON ANY REPRESENTATIONS OR PROMISES OTHER THAN THOSE CONTAINED IN THIS AGREEMENT. 
 IN
WITNESS WHEREOF, the parties have duly executed this Agreement as of the date first written above. 
  

							
	INVENSENSE, INC.:	 		 	EXECUTIVE:
				
	By:	 	 /s/ Steven Nasiri
	 		 	 /s/ Steven Nasiri

		 	Steve Nasiri, President	 		 	

  

	
	  
 9Separation Agreement and General Release - Mahesh Karanth

 Exhibit 10.6 

SEPARATION AGREEMENT AND GENERAL RELEASE 

Mahesh Karanth (“you”) and InvenSense Corporation (the “Company”) (collectively, “the parties”) have agreed to enter into this
Separation Agreement and General Release (“Agreement”) on the following terms: 
 You and the Company acknowledge that your employment with the
Company will terminate effective June 4, 2010 (“Termination Date”), and that your termination from the Company will be considered due to your resignation without Good Reason as defined by your July 2, 2008 Employment Agreement
with the Company (“Employment Agreement”). On the Termination Date, you will be paid your final paycheck, which will include all wages due and owing and any unused vacation or personal days which you accrued during your employment with the
Company through the Termination Date. The parties acknowledge that except as provided by this Agreement, all benefits and perquisites of employment will cease as of the Termination Date. 

Within ten (10) days after your execution of this Agreement and the expiration of the revocation period described below without your revocation of this
Agreement, and subject to your compliance with the terms of this Agreement, including but not limited to the provisions regarding your continued availability for consulting as reasonably necessary and agreement not to disparage the Company, you will
be eligible for the pay and benefits enumerated below (collectively, “Separation Benefits”): 
  

	 	1.	The Company shall pay you your current Base Salary, less applicable withholding, for a period of (6) months, in a single lump sum on July 2, 2010; in accordance with
the Company’s standard payroll policies. 

  

	 	2.	If you properly elect COBRA coverage, the Company will reimburse you for your COBRA premiums so that you can continue your current Company health benefits for a period of up to
three (3) months, or until you obtain work as an employee or in any other capacity through which you have access to health benefits, whichever occurs first. 

 

	 	3.	In addition to the options to purchase 215,625 Shares in which you vested as of the Termination Date pursuant to the vesting schedule described in Section 5(i) of the
Employment Agreement, options to purchase 28, 125 Shares in which you would have vested had you remained employed for an additional three (3) months after the Termination Date shall automatically become vested, and any repurchase right of the
Company with respect thereto shall lapse in its entirety. This additional vesting shall take effect on July 2, 2010 provided that you have fulfilled the full time consulting obligations referred to below in good faith. 

You understand and agree that you are not entitled to any compensation, benefits, remuneration, accruals, contributions, reimbursements, bonus, option grant,
vesting, or other payments of benefits from the Company other than those expressly set forth in this Agreement, and that any and all payments and benefits you may receive under this Agreement are subject to all applicable taxes and withholdings.

 In exchange for the Separation Benefits, which you acknowledge exceed any amounts to which you otherwise may be entitled under the Company’s
policies and practices or applicable law, you 
  

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(1) agree to comply with all of the terms of this Agreement; (2) agree to provide consulting services to the Company on a full time basis (without any additional payments or compensation)
through July 2, 2010, during which time you shall provide such support as is reasonably necessary to facilitate transition to the new Chief Financial Officer. to support completion of the Company’s fiscal year 2010 audit and to support the
Company’s current IPO process, and as otherwise reasonably requested by the Company, (3) agree to provide consulting assistance from time to time thereafter as needed to support such activities; (4) you and your representatives
completely release from, and agree to not file, cause to be filed or pursue against, the Company, its affiliated, related, parent or subsidiary companies, and its present and former directors, officers, and employees (the “Released
Parties”) all claims of any kind, known and unknown, which you may now have or have ever had against any of them, or arising out of your relationship with any of them, including all claims for compensation and bonuses, attorneys’ fees, and
all claims arising from your employment with the Company or the termination of your employment, whether based on contract, tort, statute, local ordinance, regulation or any comparable law in any jurisdiction (“Released Claims”). By way of
example and not limitation, Released Claims shall include any claims arising under Title VII of the Civil Rights Act of 1964, the Americans with Disabilities Act, the Age Discrimination in Employment Act (“ADEA”), and the California Fair
Employment and Housing Act (or any comparable law in any jurisdiction). 
 In this paragraph, we provide you with specific information required under the
ADEA. You agree that your release of claims in this Agreement includes a knowing and voluntary waiver of any rights you may have under the ADEA. You acknowledge that you have been given an opportunity to consider for twenty-one (21) days the
terms of this Agreement, although you may sign beforehand, and that you are advised by the Company to consult with an attorney. You further understand that you can revoke your waiver of ADEA claims within seven (7) days of signing it, but that
your waiver of any other claims will become effective when you sign this Agreement. Revocation must be made by delivering a written notice of revocation to Steve Nasiri, InvenSense Corporation, 1197 Borregas Ave., Sunnyvale, California 94089, with a
copy to Eric Tate, Morrison & Foerster LLP, 425 Market Street, San Francisco, CA 94105. You acknowledge and agree that for the revocation to be effective, the written notice must be received no later than the close of business (5:00 p.m.
P.S.T.) on the seventh (7th) day after you sign this Agreement. You acknowledge and agree that if you revoke this Agreement, it will not be effective or enforceable, and you will not be eligible for or receive the Separation Benefits. This
Agreement will become effective and enforceable on the eighth (8th) day following your execution of this Agreement, provided you have not exercised your right to revoke this Agreement. You further agree that any change to this Agreement,
whether material or immaterial, will not restart the twenty-one (21) day review period. 
 You also agree that because this release specifically
covers known and unknown claims, you waive your rights under Section 1542 of the California Civil Code or any other comparable statute of any jurisdiction, which states as follows: 

“A GENERAL RELEASE DOES NOT EXTEND TO CLAIMS WHICH THE CREDITOR DOES NOT KNOW OR SUSPECT TO EXIST IN HIS OR HER FAVOR AT THE TIME OF
EXECUTING THE RELEASE, WHICH IF KNOWN BY HIM OR HER MUST HAVE MATERIALLY AFFECTED HIS OR HER SETTLEMENT TO THE DEBTOR.” 
 Notwithstanding the
foregoing, the parties acknowledge and agree that you are not waiving or being required to waive any right that cannot be waived as a matter of law, including the right to 

 

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file a charge with or participate in an investigation by a governmental administrative agency; provided, however, that you hereby disclaim and waive any right to share or participate in any
monetary award resulting from the prosecution of such charge or investigation. 
 You agree not to disclose any confidential or proprietary information or
know-how belonging to the Company or acquired by you during your employment with the Company and agree to continue to maintain the confidentiality of any such information. In addition, you acknowledge that the Proprietary Information Agreement that
you signed upon your hire remains in effect after your employment with the Company ends. You further agree that you did not during your employment and will not at anytime after your employment with the Company directly or indirectly, use or attempt
to use Company trade secrets or any other means that would amount to unfair competition to harm or divert from the Company any business of any kind, including, without limitation, the solicitation or interference with any of its current or
prospective customers, vendors, or suppliers, or employees, independent contractors, or other service providers with whom you came into contact or learned of during your employment with the Company. 

You agree to maintain this Agreement and its contents in the strictest confidence and agree that you will not disclose the terms of this Agreement to any third
party, other than your legal and financial advisors, without the prior written consent of the Company, unless otherwise required by law. You further agree that you shall be personally responsible to the Company for any breach by any such third
party. 
 You agree not to disparage, speak negatively about or defame the Company or the Company’s officers, directors, Board members, employees, or
other related parties, in any manner that may be harmful to them or their business or personal reputations; provided that you may respond accurately if required by law to testify or participate in an investigation by a governmental administrative
agency. 
 You agree to immediately return to the Company all Company documents (and all copies thereof) and other Company property (whether in written,
electronic, or other form) which you have had in your possession, custody, or control at any time, including, but not limited to, Company files, notes, records, business plans and forecasts, financial information, specifications, computer-recorded
information, tangible property (including, but not limited to, computers), credit cards, entry cards, parking access cards, identification badges and keys; and, any materials of any kind which contain or embody any proprietary or confidential
information of the Company (and all reproductions thereof). You understand that you will not be eligible for any Separation Benefits until you return all Company property in your possession, custody, or control. 

You and the Company further agree that the sole remedy for any and all disputes arising out of or based on the terms, interpretation, application, or alleged
breach of this Agreement, including any of the Released Claims (“Arbitrable Claims”), shall be binding arbitration, which shall be conducted in San Francisco, California, in accordance with the then applicable rules of the Judicial
Arbitration and Mediation Service (“JAMS”) or by a non-JAMS process to which the parties may otherwise agree. By agreeing to arbitrate, the parties are waiving their respective rights to a jury trial with regard to any of the
above-referenced claims. 
 You acknowledge that your Continuous Service with the Company shall be deemed to have ended as of July 2, 2010 for
purposes of calculating the date by which you must exercise any 
  

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options to purchase Company Common Stock you choose to exercise. You also acknowledge that the option vesting that is referred to in paragraph 3 of the Separation Benefits of this Agreement
represents the entire amount of vesting to which you will be entitled, whether under this Agreement or any other benefit plan of the Company. This Agreement is the entire agreement and understanding between you and the Company concerning its subject
matter, replaces and supersedes any and all prior agreements and understandings between us, and may only be amended in writing signed by you and an authorized representative of the Company. 

This Agreement shall be governed by the laws of the State of California. If any provision of this Agreement or the application thereof to any person, place, or
circumstance shall be held by a court of competent jurisdiction to be invalid, unenforceable, or void, the remainder of this Agreement and such provision as applied to other person, places, and circumstances shall remain in full force and effect.

 Finally, by your signature below, you acknowledge each of the following: (a) that you have read this Agreement or have been afforded every
opportunity to do so; (b) that you are fully aware of the Agreement’s contents and legal effect; and (c) that you have chosen to enter into this Agreement freely, without coercion and based upon your own judgment and not in reliance
upon any promises made by Company other than those contained in this Agreement. 
 UNDERSTOOD AND AGREED: 

 

							
	 /s/ Mahesh Karanth
	 		 	DATE:   6/3/2010
	Mahesh Karanth	 		 		 	
			
	 /s/ Steve Nasiri
	 		 	DATE:   6/3/2010
	 Steve Nasiri
 President and
CEO
	 		 		 	

  

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