Document:

EX-4.08

 Exhibit 4.08 

THIS WARRANT AND THE UNDERLYING SECURITIES HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE “ACT”), OR
UNDER THE SECURITIES LAWS OF ANY STATE. THESE SECURITIES MAY NOT BE OFFERED, SOLD OR OTHERWISE TRANSFERRED, PLEDGED OR HYPOTHECATED EXCEPT AS PERMITTED UNDER THE ACT AND APPLICABLE STATE SECURITIES LAWS IN ACCORDANCE WITH APPLICABLE REGISTRATION
REQUIREMENTS OR AN EXEMPTION THEREFROM. THE ISSUER OF THESE SECURITIES MAY REQUIRE AN OPINION OF COUNSEL REASONABLY SATISFACTORY TO THE ISSUER THAT SUCH OFFER, SALE, TRANSFER, PLEDGE OR HYPOTHECATION OTHERWISE COMPLIES WITH THE ACT AND ANY
APPLICABLE STATE SECURITIES LAWS. THIS WARRANT MUST BE SURRENDERED TO THE COMPANY OR ITS TRANSFER AGENT AS A CONDITION PRECEDENT TO THE SALE, TRANSFER, PLEDGE OR HYPOTHECATION OF ANY INTEREST IN ANY OF THE SECURITIES REPRESENTED HEREBY. 

VERISILICON HOLDINGS CO., LTD. 

WARRANT TO PURCHASE PREFERENCE SHARES 
  

			
	Holder:	  	                     or its assigns.
		
	Warrant Shares:	  	                 shares of the Company’s Series E Preference Shares.
		
	Warrant Exercise Price:	  	$1.91 per share.
		
	Issue Date:	  	October     , 2009.
		
	Expiration Date:	  	The earlier of (i) 7 years after the Issue Date, or (ii) immediately prior to the consummation of a Change of Control (as defined herein) or an IPO (as defined herein).

 THIS WARRANT CERTIFIES THAT, for value received, the receipt and adequacy of which is hereby acknowledged, the
Holder is entitled to subscribe for and purchase, subject to the provisions and upon the terms and conditions hereinafter set forth,                  shares of fully
paid and nonassessable Series E Preference Shares of VeriSilicon Holdings Co., Ltd., a Cayman Islands company (the “Company”), at the Warrant Exercise Price (subject to adjustments from time to time, as specified in Section 5 hereof)
as set forth above. The term “Warrant” as used herein shall include this Warrant and any warrants delivered in substitution or exchange therefore as provided herein. This Warrant is a series of warrants (collectively, the
“Warrants”) issued in connection with the transactions described in the Series E Preference 

 
Shares and Warrant Purchase Agreement, dated as of October     , 2009 by and among the Company and the purchasers described therein (the “Purchase Agreement”). The
Holder of this Warrant is subject to certain restrictions set forth in the Purchase Agreement and the Amended and Restated Members Agreement, dated as of October     , 2009, by and among the Company and the other parties named
therein (the “Members Agreement”). 
 1. Term and Expiration. The purchase right represented by this Warrant is
exercisable, in whole or in part, at any time and from time to time from the Issue Date through the Expiration Date. In the event of a Change of Control (as defined herein) or an IPO (as defined herein), the Company shall notify the Holder at least
five (5) days prior to the consummation of such event or transaction. 
 2. Warrant Exercise Price. 

(a) Type of Warrant Share Issuable Upon Exercise. This Warrant shall be exercisable only for shares of the Company’s Series E
Preference Shares. 
 (b) Warrant Exercise Price. The Warrant Exercise Price shall be $1.91, which is equal to the price per share at
which the Company’s Series E Preference Shares was sold in a financing in October 2009 pursuant to the Purchase Agreement. The Warrant Exercise Price shall thereafter be subject to further adjustments from time to time as specified in
Section 5 hereof. 
 3. Method of Exercise; Cash Payment; Issuance of New Warrant. Subject to Section 1 hereof, the
purchase right represented by this Warrant may be exercised by the Holder hereof, in whole or in part and from time to time, at the election of the Holder hereof, by: 

(a) the surrender of this Warrant (with the notice of exercise substantially in the form attached hereto as Exhibit A duly
completed and executed) at the principal executive offices of the Company and accompanied by payment to the Company, by (i) certified or bank check acceptable to the Company, (ii) cancellation by the Holder of indebtedness or other
obligations of the Company to the Holder or (iii) by wire transfer to an account designated by the Company, or any combination of (i), (ii) and (iii), of an amount equal to the then applicable Warrant Exercise Price multiplied by the
number of shares then being purchased, 
 (b) exercise of the right provided for in Section 11 hereof, together with the surrender of
this Warrant (with the notice of exercise substantially in the form attached hereto as Exhibit A duly completed and executed) at the principal executive offices of the Company; 

The person or persons in whose name(s) any certificate(s) representing the shares of Warrant Shares shall be issuable upon exercise of this
Warrant shall be deemed to have become the holder(s) of record of, and shall be treated for all purposes as the record holder(s) of, the shares represented thereby (and such shares shall be deemed to have been issued) immediately prior to the close
of business on the date or dates upon which this Warrant is exercised. In the 

  
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event of any exercise of the rights represented by this Warrant, certificates for the shares of Warrant Shares so purchased shall be delivered to the Holder hereof as soon as possible and in any
event within twenty (20) days after such exercise and, unless this Warrant has been fully exercised or expired, a new warrant having the same terms as this Warrant and representing the remaining portion of such shares, if any, with respect to
which this Warrant shall not then have been exercised shall also be issued to the Holder hereof as soon as possible and in any event within such twenty-day period. 

4. Reservation of Shares. During the period within which the rights represented by this Warrant may be exercised, the Company will at
all times have authorized, and reserved for the purpose of the issuance upon exercise of the purchase right evidenced by this Warrant a sufficient number of shares of its capital stock to provide for the exercise of the rights represented by this
Warrant. 
 5. Adjustment of Warrant Exercise Price and Number of Shares. The number and kind of securities purchasable upon the
exercise of this Warrant and the Warrant Exercise Price shall be subject to adjustment to the nearest whole share (one-half and greater being rounded upward) and nearest cent (one-half cent and greater being rounded upward) from time to time upon
the occurrence of certain events, as follows. Each of the adjustments provided by the subsections below shall be deemed separate adjustments and any adjustment of this Warrant pursuant to any subsection of this Section 5 shall
preclude additional adjustments for the same event or transaction by the remaining subsections. 
 (a) Reclassification. In case of
any reclassification or change of securities of the class issuable upon exercise of this Warrant (other than a change in par value, from par value to no par value, from no par value to par value, as a result of a subdivision or combination, or in
connection with a Change of Control or an IPO) into the same or a different number or class of securities, the Company shall duly execute and deliver to the Holder of this Warrant a new warrant (in form and substance reasonably satisfactory to the
Holder of this Warrant), so that the Holder of this Warrant shall thereafter be entitled to receive upon exercise of this Warrant, at a total purchase price not to exceed that payable upon the exercise of the unexercised portion of this Warrant, and
in lieu of the shares of Warrant Shares theretofore issuable upon exercise of this Warrant, the kind and amount of shares of stock, other securities, money and property receivable upon such reclassification or change by a holder of the number of
shares then purchasable under this Warrant. The Company or the surviving entity shall deliver such new warrant as soon as possible and in any event within twenty (20) days after such reclassification or change. Such new warrant shall provide
for adjustments that shall be as nearly equivalent as may be practicable to the adjustments provided for in this Section 5. The provisions of this subparagraph (a) shall similarly apply to successive reclassifications or changes. 

(b) Share Splits or Combination of Shares. If the Company at any time while this Warrant remains outstanding and unexpired shall
subdivide (by stock split) or combine (by reverse stock split) its outstanding shares of capital stock into which this Warrant is exercisable, the Warrant Exercise Price shall be proportionately decreased in the case of a subdivision or

  
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increased in the case of a combination, effective at the close of business on the date the subdivision or combination becomes effective and the number of shares of Warrant Shares issuable upon
exercise of this Warrant shall be proportionately increased in the case of a subdivision or decreased in the case of a combination, and in each case to the nearest whole share, effective at the close of business on the date the subdivision or
combination becomes effective. The provisions of this subparagraph (b) shall similarly apply to successive subdivisions or combinations of outstanding shares of capital stock into which this Warrant is exercisable. 

(c) Share Dividends and Other Distributions. If the Company at any time while this Warrant is outstanding and unexpired shall
(i) pay a dividend with respect to Warrant Shares payable in Warrant Shares, then (A) the Warrant Exercise Price shall be adjusted, from and after the date of determination of shareholders entitled to receive such dividend or distribution
(the “Record Date”), to that price determined by multiplying the Warrant Exercise Price in effect immediately prior to such date of determination by a fraction (1) the numerator of which shall be the total number of shares of Warrant
Shares outstanding immediately prior to such dividend or distribution, and (2) the denominator of which shall be the total number of shares of Warrant Shares outstanding immediately after such dividend or distribution and (B) the number of
shares of Warrant Shares issuable upon exercise of this Warrant shall be proportionately adjusted, to the nearest whole share, from and after the Record Date by multiplying the number of shares of Warrant Shares purchasable hereunder immediately
prior to such Record Date by a fraction (1) the numerator of which shall be the total number of shares of Warrant Shares outstanding immediately after such dividend or distribution, and (2) the denominator of which shall be the total
number of shares of Warrant Shares outstanding immediately prior to such dividend or distribution; or (ii) make any other distribution with respect to Warrant Shares (except any distribution specifically provided for in Sections 5(a) and 5(b)
hereof), then, in each such case, provision to this Warrant shall be made by the Company such that the Holder of this Warrant shall receive upon exercise of this Warrant (in addition to the number of shares of stock receivable upon exercise of this
Warrant) a proportionate share of any such dividend or distribution (without payment of any additional consideration therefor) as though it were the holder of all shares of Warrant Shares remaining issuable upon exercise of this Warrant as of the
Record Date fixed for the determination of the shareholders of the Company entitled to receive such dividend or distribution. The provisions of this subparagraph (c) shall similarly apply to successive stock dividends and other distributions by
the Company. 
 (d) (d) Issuance of Additional Ordinary Shares. In the event that the Company shall at any time make an issuance
of Additional Ordinary Shares (as such term is defined in the Company’s Amended and Restated Memorandum of Association and Amended and Restated Articles of Association, as may be amended from time to time, the “Memorandum of
Association”) without consideration or for a consideration per share less than the per share conversion price of the Warrant Shares in effect on the date of and immediately prior to such issue, then the price at which the Warrant Shares may be
converted into Ordinary Shares shall be subject to the same adjustment as set forth in the then current Memorandum of Association. 

  
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 (e) Redemption. In the event that all of the outstanding shares of the securities issuable
upon exercise of this Warrant are redeemed in accordance with the Company’s Memorandum of Association, this Warrant shall thereafter be exercisable for a number of shares of the Company’s Ordinary Shares equal to the number of Ordinary
Shares that would have been received if this Warrant had been exercised in full immediately prior to such redemption and the securities received thereupon had been simultaneously converted into Ordinary Shares. 

6. Notice of Adjustments. Whenever the Warrant Exercise Price or the number of shares of Warrant Shares purchasable hereunder shall be
adjusted pursuant to Section 5 hereof, the Company shall issue a certificate signed by its Chief Executive Officer, or such other executive officer of the Company as the Chief Executive Officer may designate, setting forth, in reasonable
detail, the event requiring the adjustment, the amount of the adjustment, the method by which such adjustment was calculated, and the Warrant Exercise Price and the number of shares of Warrant Shares purchasable hereunder after giving effect to such
adjustment, and shall cause copies of such certificate to be delivered to the Holder of this Warrant within five (5) days after the occurrence of the event resulting in such adjustment at such Holder’s last known address in accordance with
Section 14 hereof. 
 7. Fractional Shares. No fractional shares will be issued in connection with any exercise hereunder, but
in lieu of such fractional shares the Company shall pay the Holder in cash or by check the amount determined by multiplying such fractional share by the fair market value of one share of Warrant Shares as determined in accordance with
Section 11(d) hereof. 
 8. Legends; Compliance with the Act; Restrictions on Transferability. 

(a) Legends. The Holder of this Warrant, by acceptance hereof, agrees that the shares of Warrant Shares issued upon exercise of this
Warrant (unless registered under the Act and any applicable state securities laws) shall be stamped or imprinted with the same legend(s) as Section 3 of the Purchase Agreement. 

(b) Compliance with the Act. The Holder of this Warrant, by acceptance hereof, makes to the Company the same representations and
warranties as Section 4 of the Purchase Agreement. 
 (c) Transferability of the Warrant. Subject to provisions of this Warrant
with respect to compliance with the Act, title to this Warrant may be transferred in compliance with Sections 2.2, 2.3, and 2.4 of the Members Agreement. 

(d) Method of Transfer. With respect to any offer, sale, transfer or other disposition of this Warrant or any shares of Warrant Shares
acquired pursuant to the exercise of this Warrant prior to registration of such Warrant or shares, the Holder hereof shall prior to such offer, sale, transfer or other disposition: 

(i) surrender this Warrant at the principal executive offices of the Company or provide evidence reasonably satisfactory to the Company of
the loss, theft or destruction of this Warrant and an indemnity agreement reasonably satisfactory to the Company, 

  
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 (ii) pay any applicable transfer taxes or establishing to the satisfaction of the Company that
such taxes have been paid, 
 (iii) deliver a written assignment to the Company in substantially the form attached hereto as
Exhibit B duly completed and executed prior to transfer, describing briefly the manner thereof, and 
 (iv) deliver a written
opinion of such Holder’s counsel, or other evidence, if reasonably requested by the Company, to the effect that such offer, sale, transfer or other disposition may be effected without registration or qualification (under the Securities Act as
then in effect and any applicable state securities law then in effect) of this Warrant or the shares of Warrant Shares. 
 As promptly as
practicable and no later than five (5) days after receiving the items set forth above, the Company shall notify the Holder that it may sell, transfer or otherwise dispose of this Warrant or such shares, all in accordance with the terms of the
notice delivered to the Company. If a determination has been made pursuant to this Section 8(d) that the opinion of counsel for the Holder or other evidence is not reasonably satisfactory to the Company, the Company shall so notify the Holder
promptly with details of such determination. Notwithstanding the foregoing, this Warrant or such underlying Warrant Shares may, as to such federal laws, be offered, sold or otherwise disposed of in accordance with Rule 144 under the Securities
Act, provided that the Holder shall furnish such information as the Company may reasonably request to provide a reasonable assurance that the provisions of Rule 144 have been satisfied. Each certificate representing this Warrant or such shares
thus transferred (except a transfer pursuant to Rule 144 or an effective registration statement) shall bear a legend as to the applicable restrictions on transferability in order to ensure compliance with applicable federal and state securities
laws, unless in the aforesaid opinion of counsel for the Holder, such legend is not required in order to ensure compliance with such laws. Upon any partial transfer of this Warrant, the Company will issue and deliver to such new holder a new warrant
(in form and substance similar to this Warrant) with respect to the portion transferred and will issue and deliver to the Holder a new warrant (in form and substance similar to this Warrant) with respect to the portion not transferred as soon as
possible and in any event within twenty (20) days after such transfer. 
 9. No Rights as Shareholders; Information. No holder
of this Warrant, as such, prior to exercise hereof shall be entitled to vote or receive dividends or be deemed the holder of shares, nor shall anything contained herein be construed to confer upon the Holder of this Warrant, as such, any of the
rights of a shareholder of the Company or any right to vote for the election of directors or upon any matter submitted to shareholders at any meeting thereof, or to receive notice of meetings, or to receive dividends or subscription rights or
otherwise until this Warrant shall have been exercised and the shares of Warrant Shares purchasable upon the exercise hereof shall have become deliverable, as provided herein. 

  
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 10. “Market Stand-Off” Agreement. Each Holder, and its successors and assigns,
agrees to comply with Section 2.16 of the Members Agreement. 
 11. Right to Convert Warrant into Shares; Non-Cash Net Exercise.

 (a) Right to Convert. In addition to and without limiting the rights of the Holder under the terms of this Warrant, the Holder
shall have the right to convert this Warrant or any portion thereof (the “Net Exercise Right”) into shares of Warrant Shares as provided in this Section 11 at any time or from time to time during the term of this Warrant. Upon
exercise of the Net Exercise Right with respect to a particular number of shares of Warrant Shares subject to this Warrant (the “Converted Warrant Shares”), the Company shall deliver to the Holder (without payment by the Holder of any
exercise price or any cash or other consideration) (X) that number of fully paid and nonassessable shares of Warrant Shares equal to the (Y) Converted Warrant Shares multiplied by the quotient obtained by dividing the result of
(B) fair market value of one share of Warrant Shares less (A) the Warrant Exercise Price per share by (B) the fair market value of one share of Warrant Shares all on the Conversion Date (as herein defined). 

Expressed as a formula such conversion shall be computed as follows: 

 
 

 
  

							
	Where:	  	X	 	=	  	the number of shares of Warrant Shares that may be issued to holder
				
		  	Y	 	=	  	the number of shares of Warrant Shares that are being surrendered pursuant to this Net Exercise Right (i.e., the Converted Warrant Shares)
				
		  	A	 	=	  	the Warrant Exercise Price per share
				
		  	B	 	=	  	the fair market value of one share of Warrant Shares

 No fractional shares shall be issuable upon exercise of the Net Exercise Right, and, if the number of shares
of Warrant Shares issued or to be issued determined in accordance with the foregoing formula is other than a whole number, the Company shall pay to the Holder an amount in cash equal to the fair market value of the resulting fractional share on the
Conversion Date (as hereinafter defined). For purposes of this Section 11, shares issued pursuant to the Net Exercise Right shall be treated as if they were issued upon the exercise of this Warrant. 

  
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 (b) Method of Exercise. The Net Exercise Right may be exercised by the Holder by the
surrender of this Warrant at the principal office of the Company together with the notice of exercise substantially in the form attached hereto as Exhibit A duly completed and executed, specifying that the Holder thereby intends to
exercise the Net Exercise Right and indicating the number of shares subject to this Warrant which are being surrendered (referred to in Section 11(a) hereof as the Converted Warrant Shares) in exercise of the Net Exercise Right. Such conversion
shall be effective upon receipt by the Company of this Warrant together with the aforesaid written statement, or on such later date as is specified therein (the “Conversion Date”) 

(c) Automatic Exercise. If the Holder of this Warrant has not elected to exercise this Warrant prior to expiration of
this Warrant pursuant to Section 1, then this Warrant shall automatically (without any act on the part of the Holder) be exercised pursuant to Section 11(a) effective immediately prior to the expiration of the Warrant to the extent such
net issue exercise would result in the issuance of Converted Warrant Shares, unless Holder shall earlier provide written notice to the Company that the Holder desires that this Warrant expire unexercised. If this Warrant is automatically exercised,
the Company shall notify the Holder of the automatic exercise as soon as reasonably practicable, and the Holder shall surrender the Warrant to the Company in accordance with the terms hereof. 

(d) Determination of Fair Market Value. For purposes of this Section 11, “fair market value” of one share of Warrant
Shares as of a particular date shall be deemed to be the price per share which the Company could obtain from a willing third-party buyer (not an existing shareholder, director or employee) for the Company’s authorized but unissued shares, as
determined in good faith by the Board of Directors of the Company. 
 12. Certain Definitions. As used in this Warrant, “Change
of Control” shall mean sale of all or substantially all of the assets of the Company or a merger or reorganization of the Company with or into any other corporation or corporations, in which transaction the Company’s shareholders
immediately prior to such transaction own immediately after such transaction less than fifty percent (50%) of the equity securities of the surviving corporation or its parent, provided, however, that an equity financing with the
principal purpose of raising capital shall not be deemed a Change of Control. As used in this Warrant, “IPO” shall mean a firm commitment underwritten initial public offering and sale of the Company’s Ordinary Shares. 

13. Modification and Waiver; Effect of Amendment or Waiver. Except as expressly provided herein, neither this Warrant nor any term
hereof may be amended, waived, discharged or terminated other than by a written instrument referencing this Warrant and signed by the Company and the holders of Warrants representing not less than a majority of the shares issuable upon exercise of
any and all outstanding Warrants, which majority does not need to include the Holder. Any amendment, waiver, discharge or termination effected in accordance with this Section 13 shall be binding upon each holder of the Warrants, each future
holder of such Warrants and the Company; provided, however, that no special consideration or inducement may be given to any such holder in connection with such consent that is not given ratably to all such holders, and that such amendment
must apply to all such holders equally and ratably in 

  
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accordance with the number of shares issuable upon exercise of the Warrants. The Company shall promptly give notice to all holders of the Warrants of any amendment effected in accordance with
this Section 13. 
 14. Notices. All notices and other communications required or permitted hereunder shall be in writing and
shall be mailed by registered or certified mail, postage prepaid in the U.S. or by overnight courier to overseas, or otherwise delivered by hand or by messenger, addressed (i) if to the Holder, at the Holder’s address, as shown on
Exhibit A to the Members Agreement, or at such other address as the Holder shall have furnished to the Company in writing, (ii) if to the Company, to 4699 Old Ironsides Drive, Suite 270, Santa Clara, CA 95054, U.S.A., and addressed
to the attention of the President, or at such other address as the Company shall have furnished to the Investors, with a copy (which shall not constitute notice) to Thomas C. DeFilipps, Esq., Wilson Sonsini Goodrich & Rosati, P.C., 650 Page
Mill Road, Palo Alto, CA 94304. Each such notice or other communication shall for all purposes of this Warrant be treated as effective or having been given when delivered if delivered personally or by overnight courier, or, if sent by mail, at the
earlier of its receipt or 72 hours after the same has been deposited in a regularly maintained receptacle for the deposit of the United States mail, addressed and mailed as aforesaid. 

15. Lost Warrants or Share Certificates. Upon receipt of evidence reasonably satisfactory to the Company of the loss, theft,
destruction or mutilation of this Warrant or any stock certificate and, in the case of any such loss, theft or destruction, upon receipt of an indemnity agreement reasonably satisfactory to the Company, or in the case of any such mutilation upon
surrender and cancellation of such mutilated Warrant or stock certificate, the Company will issue and deliver a new warrant (containing the same terms as this Warrant) or stock certificate, in lieu of the lost, stolen, destroyed or mutilated Warrant
or stock certificate. 
 16. Descriptive Headings. The descriptive headings of the several paragraphs of this Warrant are inserted
for convenience only and do not constitute a part of this Warrant. The language in this Warrant shall be construed as to its fair meaning without regard to which party drafted this Warrant. 

17. Governing Law. This Warrant shall be construed and enforced in accordance with, and the rights of the parties shall be governed by,
the laws of the State of California, without reference to principles governing choice or conflicts of laws. 
 18. Issue Taxes. The
Company shall pay any and all issue and other taxes payable in respect of any issue or delivery of Warrant Shares upon the exercise of this Warrant that may be imposed under the laws of the United States of America or by any state, political
subdivision or taxing authority of the United States of America; provided, however, that the Company shall not be required to pay any tax or taxes that may be payable in respect of any transfer involved in the issue or delivery of any
Warrant or certificates for Warrant Shares in a name other than that of the registered holder of such Warrant, and no such issue or delivery shall be made unless and until the person or entity requesting the issuance thereof shall have paid to the
Company the amount of such tax or shall have established to the satisfaction of the Company that such tax has been paid. 

  
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 19. Severability. In the event that any one or more of the provisions contained in this
Warrant shall for any reason be held to be invalid, illegal or unenforceable in any respect, such provision(s) shall be ineffective only to the extent of such invalidity, illegality or unenforceability, without invalidating the remainder of such
provision or the remaining provisions of this Warrant and such invalidity, illegality or unenforceability shall not affect any other provision of this Warrant, which shall remain in full force and effect. 

20. Attorneys’ Fees. If any action at law or in equity is necessary to enforce or interpret the terms of this Warrant, the
prevailing party in such dispute shall be entitled to collect its reasonable attorneys’ fees, costs and disbursements in addition to any other relief to which it may be entitled. 

[Remainder of Page Left Blank Intentionally] 

  
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 IN WITNESS WHEROF, the parties hereto have caused this Warrant to be duly executed as of
the issue date of this Warrant by its duly authorized officers. 
  

			
	VERISILICON HOLDINGS CO., LTD.
	A Cayman Islands Company
		
	By:	 	  

		
	Title:	 	  

	
	Address:

 Accepted and Agreed: 
  

			
	By:	 	  

		
	Title:	 	  

 [SIGNATURE PAGE TO WARRANT] 

 EXHIBIT A 

NOTICE OF EXERCISE 
 To: VeriSilicon
Holdings Co., Ltd. (the “Company”) 
 1. The undersigned hereby: 

 

			
	 ̈	  	elects to purchase                  shares of Warrant Shares (as defined in the Warrant) of the Company pursuant to the terms of the attached Warrant,
and tenders herewith payment of the purchase price of such shares in full; or
		
	 ̈	  	elects to exercise its net issuance rights pursuant to Section 11 of the attached Warrant with respect to                  shares Warrant
Shares.

 2. Please issue a certificate or certificates representing said shares in the name of the undersigned or
in such other name or names as are specified below: 
  

 
 (Name) 

 
  

(Address) 
  

 
 (City, State)

 3. The undersigned represents that the aforesaid shares being acquired for the account of the undersigned for investment and not with a
view to, or for resale in connection with, the distribution thereof and that the undersigned has no present intention of distributing or reselling such shares, all except as in compliance with applicable securities laws. 

 

	
	  

	(Date)

  

	
	  

	(Signature)
	
	 Signature must be guaranteed by a commercial bank or trust company or a member firm of a major stock exchange if shares of Warrant Shares are to be issued,
or securities are to be delivered, other than to or in the name of the registered holder of this Warrant.

 NOTICE: Signature must correspond in all respects with the name as written upon the face of the Warrant in every
particular without alteration or any change whatever 

 EXHIBIT B 

FORM OF ASSIGNMENT 
 FOR
VALUE RECEIVED, the undersigned holder of the attached Warrant hereby sells, assigns and transfers unto                      whose address is
                                         and
whose taxpayer identification number is                      the undersigned’s right, title and interest in and to the Warrant dated October
    , 2009 issued by VeriSilicon Holdings Co, Ltd., a Cayman Islands Company (the “Company”) to purchase                  shares of the
Company’s stock, and does hereby irrevocably constitute and appoint                      attorney to transfer said Warrant on the books of the
Company with full power of substitution in the premises. 
 In connection with such sale, assignment, transfer or other disposition of this
Warrant, the undersigned hereby confirms that: 
  

			
	 ̈	  	such sale, transfer or other disposition may be effected without registration or qualification (under the Securities Act as then in effect and any applicable state securities law then in effect) of this Warrant or the securities
issuable thereunder and has attached hereto a written opinion of such Holder’s counsel to that effect; or
		
	 ̈	  	such sale, transfer or other disposition has been registered under the Securities Act of 1933, as amended, and registered and/or qualified under all applicable state securities laws.

  

	
	  

	(Date)

  

	
	  

	
	(Signature)
	
	 Signature must correspond in all respects with the name as written upon the face of the Warrant in every particular without alteration or any change
whatever.EX-10.01

 Exhibit 10.01 

VERISILICON HOLDINGS CO., LTD. 

AMENDED AND RESTATED 2002 SHARE PLAN 

Effective February 18, 2003, as amended December 30, 2004, as amended July 20, 2005, as amended June 29, 2006, as
amended October 12, 2006, as amended January 17, 2007, as amended July 22, 2007, as amended June 16, 2008, as amended July 23, 2009; as amended June 21, 2010, as amended October 27, 2010 

1. Purposes of the Plan. The purposes of this Plan are to attract and retain the best available personnel for positions of
substantial responsibility, to provide additional incentive to Employees, Directors and Consultants and to promote the success of the Company’s business. Options granted under the Plan may be Incentive Stock Options or Nonstatutory Stock
Options, as determined by the Administrator at the time of grant. Stock Purchase Rights may also be granted under the Plan. 
 2.
Definitions. As used herein, the following definitions shall apply: 
 (a) “Administrator” means the Board or
any of its Committees as shall be administering the Plan in accordance with Section 4 hereof. 
 (b) “Applicable Laws”
means the requirements relating to the administration of stock option plans under U.S. state corporate laws, U.S. federal and state securities laws, the Code, any stock exchange or quotation system on which the Ordinary Shares are listed or quoted
and the applicable laws of any other country or jurisdiction where Options or Stock Purchase Rights are granted under the Plan. 
 (c)
“Articles” means the Company’s Memorandum and Articles of Assocation. 
 (d) “Board” means the Board
of Directors of the Company. 
 (e) “Change in Control” means the occurrence of any of the following events: 

(i) The consummation of the sale or disposition by the Company of all or substantially all of the Company’s assets; or 

(ii) The consummation of a merger or consolidation of the Company with any other corporation, other than a merger or consolidation which
would result in the voting securities of the Company outstanding immediately prior thereto continuing to represent (either by remaining outstanding or by being converted into voting securities of the surviving entity or its parent) at least fifty
percent (50%) of the total voting power represented by the voting securities of the Company or such surviving entity or its parent outstanding immediately after such merger or consolidation. 

(f) “Code” means the Internal Revenue Code of 1986, as amended. 

(g) “Committee” means a committee of Directors or of other individuals satisfying the Articles and Applicable Laws appointed
by the Board in accordance with Section 4 hereof. 

 (h) “Company” means VeriSilicon Holdings Co., Ltd., an exempted, limited
liability company incorporated in the Cayman Islands. 
 (i) “Consultant” means any person who is engaged by the Company or
any Parent or Subsidiary to render consulting or advisory services to such entity. 
 (j) “Director” means a member of the
Board. 
 (k) “Disability” means total and permanent disability as defined in Section 22(e)(3) of the Code. 

(l) “Employee” means any person, including officers and Directors, employed by the Company or any Parent or Subsidiary of the
Company. Neither service as a Director nor payment of a director’s fee by the Company shall be sufficient to constitute “employment” by the Company. 

(m) “Exchange Act” means the Securities Exchange Act of 1934, as amended. 

(n) “Fair Market Value” means, as of any date, the value of Ordinary Shares determined as follows: 

(i) If the Ordinary Shares are listed on any established stock exchange or a national market system, including without limitation the Nasdaq
National Market or The Nasdaq SmallCap Market of The Nasdaq Stock Market, its Fair Market Value shall be the closing sales price for such stock (or the closing bid, if no sales were reported) as quoted on such exchange or system on the day of
determination, as reported in The Wall Street Journal or such other source as the Administrator deems reliable; 
 (ii) If the
Ordinary Shares are regularly quoted by a recognized securities dealer but selling prices are not reported, its Fair Market Value shall be the mean between the high bid and low asked prices for the Ordinary Shares on the day of determination; or

 (iii) In the absence of an established market for the Ordinary Shares, the Fair Market Value thereof shall be determined in good faith
by the Administrator. 
 (o) “Incentive Stock Option” means an Option intended to qualify as an incentive stock option
within the meaning of Section 422 of the Code. 
 (p) “Member” means a person who is registered as a holder of voting
shares in the Register of Members for the time being kept by or on behalf of the Company. 
 (q) “Nonstatutory Stock
Option” means an Option not intended to qualify as an Incentive Stock Option. 
 (r) “Option” means a stock option
granted pursuant to the Plan. 
 (s) “Option Agreement” means a written or electronic agreement between the Company and an
Optionee evidencing the terms and conditions of an individual Option grant. The Option Agreement is subject to the terms and conditions of the Plan. 

  
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 (t) “Optioned Stock” means the Ordinary Shares subject to an Option or a Stock
Purchase Right. 
 (u) “Optionee” means the holder of an outstanding Option or Stock Purchase Right granted under the Plan.

 (v) “Ordinary Shares” means the Ordinary Shares of the Company. 

(w) “Parent” means a “parent corporation,” whether now or hereafter existing, as defined in Section 424(e) of
the Code. 
 (x) “Plan” means this 2002 Stock Plan. 

(y) “Restricted Stock” means Shares issued pursuant to a Stock Purchase Right or Shares of restricted stock issued pursuant
to an Option. 
 (z) “Restricted Stock Purchase Agreement” means a written agreement between the Company and the Optionee
evidencing the terms and restrictions applying to Shares purchased under a Stock Purchase Right. The Restricted Stock Purchase Agreement is subject to the terms and conditions of the Plan and the notice of grant. 

(aa) “Securities Act” means the Securities Act of 1933, as amended. 

(bb) “Service Provider” means an Employee, Director or Consultant. 

(cc) “Share” means a share of the Ordinary Shares, as adjusted in accordance with Section 13 below. 

(dd) “Stock Purchase Right” means a right to purchase Ordinary Shares pursuant to Section 11 below. 

(ee) “Subsidiary” means a “subsidiary corporation,” whether now or hereafter existing, as defined in
Section 424(f) of the Code. 
 3. Shares Subject to the Plan. Subject to the provisions of Section 13 of the Plan,
the maximum aggregate number of Shares that may be subject to option and sold under the Plan is 15,865,315 Shares. The Shares may be authorized but unissued, or reacquired Ordinary Shares. 

If an Option or Stock Purchase Right expires or becomes unexercisable without having been exercised in full, the unpurchased Shares that were
subject thereto shall become available for future grant or sale under the Plan (unless the Plan has terminated). However, Shares that have actually been issued under the Plan, upon exercise of either an Option or Stock Purchase Right, shall not be
returned to the Plan and shall not become available for future distribution under the Plan, except that if unvested Shares of Restricted Stock are repurchased by the Company at their original purchase price, such Shares shall become available for
future grant under the Plan. 

  
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 4. Administration of the Plan.  

(a) Administrator. The Plan shall be administered by the Board or a Committee appointed by the Board, which Committee shall be
constituted to comply with Applicable Laws add the Articles. 
 (b) Powers of the Administrator. Subject to the provisions of the
Plan and, in the case of a Committee, the specific duties delegated by the Board to such Committee, and subject to the approval of any relevant authorities, the Administrator shall have the authority in its discretion: 

(i) to determine the Fair Market Value; 

(ii) to select the Service Providers to whom Options and Stock Purchase Rights may from time to time be granted hereunder; 

(iii) to determine the number of Shares to be covered by each such award granted hereunder; 

(iv) to approve forms of agreement for use under the Plan; 

(v) to determine the terms and conditions of any Option or Stock Purchase Right granted hereunder. Such terms and conditions include, but are
not limited to, the exercise price, the time or times when Options or Stock Purchase Rights may be exercised (which may be based on performance criteria), any vesting acceleration or waiver of forfeiture restrictions, and any restriction or
limitation regarding any Option or Stock Purchase Right or the Ordinary Shares relating thereto, based in each case on such factors as the Administrator, in its sole discretion, shall determine; 

(vi) to prescribe, amend and rescind rules and regulations relating to the Plan, including rules and regulations relating to sub-plans
established for the purpose of satisfying applicable foreign laws; 
 (vii) to allow Optionees to satisfy withholding tax obligations by
electing to have the Company withhold from the Shares to be issued upon exercise of an Option or Stock Purchase Right that number of Shares having a Fair Market Value equal to the minimum amount required to be withheld. The Fair Market Value of the
Shares to be withheld shall be determined on the date that the amount of tax to be withheld is to be determined. All elections by Optionees to have Shares withheld for this purpose shall be made in such form and under such conditions as the
Administrator may deem necessary or advisable; and 
 (viii) to construe and interpret the terms of the Plan and Options granted pursuant
to the Plan. 
 (c) Effect of Administrator’s Decision. All decisions, determinations and interpretations of the Administrator
shall be final and binding on all Optionees. 

  
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 5. Eligibility. Nonstatutory Stock Options and Stock Purchase Rights may be granted
to Service Providers. Incentive Stock Options may be granted only to Employees. 
 6. Limitations.  

(a) Incentive Stock Option Limit. Each Option shall be designated in the Option Agreement as either an Incentive Stock Option or a
Nonstatutory Stock Option. However, notwithstanding such designation, to the extent that the aggregate Fair Market Value of the Shares with respect to which Incentive Stock Options are exercisable for the first time by the Optionee during any
calendar year (under all plans of the Company and any Parent or Subsidiary) exceeds $100,000, such Options shall be treated as Nonstatutory Stock Options. For purposes of this Section 6(a), Incentive Stock Options shall be taken into account in
the order in which they were granted. The Fair Market Value of the Shares shall be determined as of the time the Option with respect to such Shares is granted. 

(b) At-Will Employment. Neither the Plan nor any Option or Stock Purchase Right shall confer upon any Optionee any right with respect
to continuing the Optionee’s relationship as a Service Provider with the Company, nor shall it interfere in any way with his or her right or the Company’s right to terminate such relationship at any time, with or without cause, and with or
without notice. 
 7. Term of Plan. Subject to Member approval in accordance with Section 19, the Plan shall become
effective upon its adoption by the Board. Unless sooner terminated under Section 15, it shall continue in effect for a term of ten (10) years from the later of (i) the effective date of the Plan, or (ii) the earlier of the most
recent Board or Member approval of an increase in the number of Shares reserved for issuance under the Plan. 
 8. Term of
Option. The term of each Option shall be stated in the Option Agreement; provided, however, that the term shall be no more than ten (10) years from the date of grant thereof. In the case of an Incentive Stock Option granted to an
Optionee who, at the time the Option is granted, owns stock representing more than ten percent (10%) of the voting power of all classes of stock of the Company or any Parent or Subsidiary, the term of the Option shall be five (5) years
from the date of grant or such shorter term as may be provided in the Option Agreement. 
 9. Option Exercise Price and Consideration.
 
 (a) Exercise Price. The per share exercise price for the Shares to be issued upon exercise of an Option shall be such
price as is determined by the Administrator, but shall be subject to the following: 
 (i) In the case of an Incentive Stock Option 

(A) granted to an Employee who, at the time of grant of such Option, owns stock representing more than ten percent (10%) of the voting
power of all classes of stock of the Company or any Parent or Subsidiary, the exercise price shall be no less than 110% of the Fair Market Value per Share on the date of grant. 

  
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 (B) granted to any other Employee, the per Share exercise price shall be no less than 100% of
the Fair Market Value per Share on the date of grant. 
 (ii) In the case of a Nonstatutory Stock Option 

(A) granted to a Service Provider who, at the time of grant of such Option, owns stock representing more than ten percent (10%) of the
voting power of all classes of stock of the Company or any Parent or Subsidiary, the exercise price shall be no less than 110% of the Fair Market Value per Share on the date of grant. 

(B) granted to any other Service Provider, the per Share exercise price shall be no less than 85% of the Fair Market Value per Share on the
date of grant. 
 (iii) Notwithstanding the foregoing, Options may be granted with a per Share exercise price other than as required above
pursuant to a merger or other corporate transaction. 
 (b) Forms of Consideration. The consideration to be paid for the Shares to be
issued upon exercise of an Option, including the method of payment, shall be determined by the Administrator (and, in the case of an Incentive Stock Option, shall be determined at the time of grant). Such consideration may consist of, without
limitation, (1) cash, (2) check, (3) promissory note, (4) other Shares, provided Shares acquired directly from the Company (x) have been owned by the Optionee for more than six months on the date of surrender, and
(y) have a Fair Market Value on the date of surrender equal to the aggregate exercise price of the Shares as to which such Option shall be exercised, (5) consideration received by the Company under a cashless exercise program implemented
by the Company in connection with the Plan, or (6) any combination of the foregoing methods of payment. In making its determination as to the type of consideration to accept, the Administrator shall consider if acceptance of such consideration
may be reasonably expected to benefit the Company. 
 10. Exercise of Option.  

(a) Procedure for Exercise; Rights as a Member. Any Option granted hereunder shall be exercisable according to the terms hereof at such
times and under such conditions as determined by the Administrator and set forth in the Option Agreement. An Option may not be exercised for a fraction of a Share. Except in the case of Options granted to officers, Directors and Consultants, Options
shall become exercisable at a rate of no less than 20% per year over five (5) years from the date the Options are granted. 
 An
Option shall be deemed exercised when the Company receives (i) written or electronic notice of exercise (in accordance with the Option Agreement) from the person entitled to exercise the Option, and (ii) full payment for the Shares with
respect to which the Option is exercised. Full payment may consist of any consideration and method of payment authorized by the Administrator and permitted by the Option Agreement and the Plan. Shares issued upon exercise of an Option shall be
issued in the name of the Optionee or, if requested by the Optionee, in the name of the Optionee and his or her spouse. Until the Shares are issued (as evidenced by the appropriate entry on the Register of Members of the Company or of a duly
authorized transfer agent of the Company), no right to vote or receive dividends or any other rights as a Member shall exist with respect to the Shares, notwithstanding the exercise of the Option. The Company shall issue (or cause

  
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to be issued) such Shares promptly after the Option is exercised. No adjustment will be made for a dividend or other right for which the record date is prior to the date the Shares are issued,
except as provided in Section 13 of the Plan. 
 Exercise of an Option in any manner shall result in a decrease in the number of
Shares thereafter available, both for purposes of the Plan and for sale under the Option, by the number of Shares as to which the Option is exercised. 

(b) Termination of Relationship as a Service Provider. If an Optionee ceases to be a Service Provider, such Optionee may exercise his
or her Option within thirty (30) days of termination, or such longer period of time as specified in the Option Agreement, to the extent that the Option is vested on the date of termination (but in no event later than the expiration of the term
of the Option as set forth in the Option Agreement). If, on the date of termination, the Optionee is not vested as to his or her entire Option, the Shares covered by the unvested portion of the Option shall revert to the Plan. If, after termination,
the Optionee does not exercise his or her Option within the time specified by the Administrator, the Option shall terminate, and the Shares covered by such Option shall revert to the Plan. 

(c) Disability of Optionee. If an Optionee ceases to be a Service Provider as a result of the Optionee’s Disability, the Optionee
may exercise his or her Option within six (6) months of termination, or such longer period of time as specified in the Option Agreement, to the extent the Option is vested on the date of termination (but in no event later than the expiration of
the term of such Option as set forth in the Option Agreement). If, on the date of termination, the Optionee is not vested as to his or her entire Option, the Shares covered by the unvested portion of the Option shall revert to the Plan. If, after
termination, the Optionee does not exercise his or her Option within the time specified herein, the Option shall terminate, and the Shares covered by such Option shall revert to the Plan. 

(d) Death of Optionee. If an Optionee dies while a Service Provider, the Option may be exercised within six (6) months following
Optionee’s death, or such longer period of time as specified in the Option Agreement, to the extent that the Option is vested on the date of death (but in no event later than the expiration of the term of such Option as set forth in the Option
Agreement) by the Optionee’s designated beneficiary, provided such beneficiary has been designated prior to Optionee’s death in a form acceptable to the Administrator. If no such beneficiary has been designated by the Optionee, then such
Option may be exercised by the personal representative of the Optionee’s estate or by the person(s) to whom the Option is transferred pursuant to the Optionee’s will or in accordance with the laws of descent and distribution. If, at the
time of death, the Optionee is not vested as to his or her entire Option, the Shares covered by the unvested portion of the Option shall immediately revert to the Plan. If the Option is not so exercised within the time specified herein, the Option
shall terminate, and the Shares covered by such Option shall revert to the Plan. 
 (e) Leaves of Absence. 

(i) Unless the Administrator provides otherwise, vesting of Options granted hereunder to officers and Directors shall be suspended during any
unpaid leave of absence. 

  
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 (ii) A Service Provider shall not cease to be an Employee in the case of (A) any leave of
absence approved by the Company or (B) transfers between locations of the Company or between the Company, its Parent, any Subsidiary, or any successor. 

(iii) For purposes of Incentive Stock Options, no such leave may exceed ninety (90) days, unless reemployment upon expiration of such
leave is guaranteed by statute or contract. If reemployment upon expiration of a leave of absence approved by the Company is not so guaranteed, then three (3) months following the 91st day of such leave, any Incentive Stock Option held by the
Optionee shall cease to be treated as an Incentive Stock Option and shall be treated for tax purposes as a Nonstatutory Stock Option. 
 11.
Stock Purchase Rights.  
 (a) Rights to Purchase. Stock Purchase Rights may be issued either alone, in addition to, or
in tandem with other awards granted under the Plan and/or cash awards made outside of the Plan. After the Administrator determines that it will offer Stock Purchase Rights under the Plan, it shall advise the offeree in writing or electronically of
the terms, conditions and restrictions related to the offer, including the number of Shares that such person shall be entitled to purchase, the price to be paid, and the time within which such person must accept such offer. The terms of the offer
shall comply in all respects with Section 260.140.42 of Title 10 of the California Code of Regulations. The offer shall be accepted by execution of a Restricted Stock Purchase Agreement in the form determined by the Administrator. 

(b) Repurchase Option. Unless the Administrator determines otherwise, the Restricted Stock Purchase Agreement shall grant the Company a
repurchase option exercisable within 90 days of the voluntary or involuntary termination of the purchaser’s service with the Company for any reason (including death or disability). The purchase price for Shares repurchased pursuant to the
Restricted Stock Purchase Agreement shall be the original price paid by the purchaser and may be paid by cancellation of any indebtedness of the purchaser to the Company. The repurchase option shall lapse at such rate as the Administrator may
determine. 
 (c) Other Provisions. The Restricted Stock Purchase Agreement shall contain such other terms, provisions and conditions
not inconsistent with the Plan as may be determined by the Administrator in its sole discretion. 
 (d) Rights as a Member. Once the
Stock Purchase Right is exercised, the purchaser shall have rights equivalent to those of a Member and shall be a Member when his or her purchase is entered upon the Register of Members of the Company and records of the duly authorized transfer
agent of the Company. No adjustment shall be made for a dividend or other right for which the record date is prior to the date the Stock Purchase Right is exercised, except as provided in Section 13 of the Plan. 

12. Limited Transferability of Options and Stock Purchase Rights. Unless determined otherwise by the Administrator, Options and
Stock Purchase Rights may not be sold, pledged, assigned, hypothecated, transferred, or disposed of in any manner other than by will or the laws of descent and distribution, and may be exercised during the lifetime of the Optionee, only by the
Optionee. If the Administrator in its sole discretion makes an Option or Stock Purchase Right transferable, such Option or Stock Purchase Right may only be transferred (i) by will, (ii) by the

  
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laws of descent and distribution, or (iii) to family members (within the meaning of Rule 701 of the Securities Act) through gifts or domestic relations orders, as permitted by Rule 701 of
the Securities Act. 
 13. Adjustments; Dissolution or Liquidation; Merger or Change in Control.  

(a) Adjustments. In the event that any dividend or other distribution (whether in the form of cash, Shares, other securities, or other
property), recapitalization, stock split, reverse stock split, reorganization, merger, consolidation, split-up, spin-off, combination, repurchase, or exchange of Shares or other securities of the Company, or other change in the corporate structure
of the Company affecting the Shares occurs, the Administrator, in order to prevent diminution or enlargement of the benefits or potential benefits intended to be made available under the Plan, may (in its sole discretion) adjust the number and class
of Shares that may be delivered under the Plan and/or the number, class, and price of Shares covered by each outstanding Option or Stock Purchase Right; provided, however, that the Administrator shall make such adjustments to the extent required by
Section 25102(o) of the California Corporations Code. 
 (b) Dissolution or Liquidation. In the event of the proposed
dissolution or liquidation of the Company, the Administrator shall notify each Optionee as soon as practicable prior to the effective date of such proposed transaction. To the extent it has not been previously exercised, an Option or Stock Purchase
Right will terminate immediately prior to the consummation of such proposed action. 
 (c) Merger or Change in Control. In the event
of a merger of the Company with or into another corporation, or a Change in Control, each outstanding Option and Stock Purchase Right shall be assumed or an equivalent option substituted by the successor corporation or a Parent or Subsidiary of the
successor corporation. In the event that the successor corporation in a merger or Change in Control refuses to assume or substitute for the Option or Stock Purchase Right, then the Optionee shall fully vest in and have the right to exercise the
Option or Stock Purchase Right as to all of the Optioned Stock, including Shares as to which it would not otherwise be vested or exercisable. If an Option or Stock Purchase Right becomes fully vested and exercisable in lieu of assumption or
substitution in the event of a merger or Change in Control, the Administrator shall notify the Optionee in writing or electronically that this Option or Stock Purchase Right shall be fully exercisable for a period of fifteen (15) days from the
date of such notice, and the Option or Stock Purchase Right shall terminate upon expiration of such period. For the purposes of this paragraph, the Option or Stock Purchase Right shall be considered assumed if, following the merger or Change in
Control, the option or right confers the right to purchase or receive, for each Share of Optioned Stock subject to the Option or Stock Purchase Right immediately prior to the merger or Change in Control, the consideration (whether stock, cash, or
other securities or property) received in the merger or Change in Control by holders of Ordinary Shares for each Share held on the effective date of the transaction (and if holders were offered a choice of consideration, the type of consideration
chosen by the holders of a majority of the outstanding Shares); provided, however, that if such consideration received in the merger or Change in Control is not solely ordinary shares of the successor corporation or its Parent, the Administrator
may, with the consent of the successor corporation, provide for the consideration to be received upon the exercise of the Option or Stock Purchase Right, for each Share of Optioned Stock subject to the Option or Stock Purchase Right, to be solely
ordinary shares of the successor corporation or its Parent equal in fair market value to the per share consideration received by holders of ordinary shares in the merger or Change in Control. 

  
 -9- 

 14. Time of Granting Options and Stock Purchase Rights. The date of grant of an
Option or Stock Purchase Right shall, for all purposes, be the date on which the Administrator makes the determination granting such Option or Stock Purchase Right, or such later date as is determined by the Administrator. Notice of the
determination shall be given to each Service Provider to whom an Option or Stock Purchase Right is so granted within a reasonable time after the date of such grant. 

15. Amendment and Termination of the Plan.  

(a) Amendment and Termination. The Board may at any time amend, alter, suspend or terminate the Plan. 

(b) Member Approval. The Board shall obtain Member approval of any Plan amendment to the extent necessary and desirable to comply with
the Articles and Applicable Laws. 
 (c) Effect of Amendment or Termination. No amendment, alteration, suspension or termination of
the Plan shall impair the rights of any Optionee, unless mutually agreed otherwise between the Optionee and the Administrator, which agreement must be in writing and signed by the Optionee and the Company. Termination of the Plan shall not affect
the Administrator’s ability to exercise the powers granted to it hereunder with respect to Options granted under the Plan prior to the date of such termination. 

16. Conditions Upon Issuance of Shares.  

(a) Legal Compliance. Shares shall not be issued pursuant to the exercise of an Option unless the exercise of such Option and the
issuance and delivery of such Shares shall comply with the Articles and with Applicable Laws and shall be further subject to the approval of counsel for the Company with respect to such compliance. 

(b) Investment Representations. As a condition to the exercise of an Option, the Administrator may require the person exercising such
Option to represent and warrant at the time of any such exercise that the Shares are being purchased only for investment and without any present intention to sell or distribute such Shares if, in the opinion of counsel for the Company, such a
representation is required. 
 17. Inability to Obtain Authority. The inability of the Company to obtain authority from any
regulatory body having jurisdiction, which authority is deemed by the Company’s counsel to be necessary to the lawful issuance and sale of any Shares hereunder, shall relieve the Company of any liability in respect of the failure to issue or
sell such Shares as to which such requisite authority shall not have been obtained. 
 18. Reservation of Shares. The Company,
during the term of this Plan, shall at all times reserve and keep available such number of Shares as shall be sufficient to satisfy the requirements of the Plan. 

  
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 19. Member Approval. The Plan shall be subject to approval by the Members of the
Company within twelve (12) months after the date the Plan is adopted. Such Member approval shall be obtained in the degree and manner required under the Articles and Applicable Laws. 

20. Information to Optionees. The Company shall provide to each Optionee and to each individual who acquires Shares pursuant to
the Plan, not less frequently than annually during the period such Optionee has one or more Options or Stock Purchase Rights outstanding, and, in the case of an individual who acquires Shares pursuant to the Plan, during the period such individual
owns such Shares, copies of annual financial statements. The Company shall not be required to provide such statements to key employees whose duties in connection with the Company assure their access to equivalent information. 

  
 -11-

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