Document:

Loan Agreement between GigOptix-Helix AG and GigOptix LLC

 Exhibit 10.40 
 LOAN AGREEMENT 
 by and between 
 GigOptix-Helix AG, 
 Seefeldstrasse 45, CH-8008 Zürich – Switzerland 
 (hereinafter the “Lender”) 
 and 
 GigOptix LLC, 
 2400 Geng Road, Suite 100,
Palo Alto, CA 94303 – USA 
 (hereinafter the “Borrower”) 
 (Lender and Borrower each a “Party” or together the “Parties”) 
  

	1.	DEFINITIONS 

 In addition to the definitions elsewhere in this Loan
Agreement the following terms shall have the following meanings: 
 BANK ACCOUNT: The bank account of the Borrower 
  

			
	 Name of Bank:
	 	 Silicon Valley Bank

		
	 Address:
	 	 3003 Tasman Dr, Santa Clara, CA USA

		
	 IBAN:
	 	 121140399

		
	 SWIFT:
	 	 SVBKUS6S

		
	 Account holder:
	 	 GigOptix

		
	 Account number:
	 	 3300587127

  

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 BUSINESS DAY: Any day (other than a Saturday or Sunday) on which the Banks in Switzerland are open for business.

 FINAL MATURITY DATE: The date on which the last installment for the repayment becomes due pursuant to Article 4 of this Agreement. 
  

	2.	LOAN 

  

	2.1	Loan Amount 

 Subject to the terms of this Loan Agreement, the
Lender grants to the Borrower a loan (“the Loan”) in the aggregate principal amount of USD 700,000.00 [US-Dollar seven-hundred-thousand 0/00] (the “Loan Amount”). 
  

	2.2	Purpose 

 The Borrower shall apply the proceeds of the Loan in
particular but not limited to, as follows: 
  

	•	 	 Enhance semiconductor device Development 

  

	•	 	 Develop Global Marketing and Sales activities to enhance product sells 

  

	2.3	Disbursement 

 The Lender shall disburse the Loan in one amount by
transferring the Loan Amount no later than January 21, 2008 to the Bank Account with value date of January 21, 2008 (the “Drawdown Date”). The Drawdown Date shall be within five Business Days after the signing of this Loan
Agreement. The signing of this Loan Agreement shall take place on January 16, 2008 or at another date to be mutually agreed between the Parties. 
  

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	3.	INTEREST 

  

	3.1	Interest Rate 

 The interest rate applicable to the Loan (the
“Interest Rate”) shall be minimum applicable rate p.a. as published by the Swiss Federal Tax Authorities in the circular (Rundschreiben) stating the applicable rates for the computation of monetary values (Zinssätze
für die Berechnung der geldwerten Leístungen), calculated as from the Drawdown Date until the earlier of the Final Maturity (as defined herein) or the date, on which the funds are received freely available by the Lender.
The Interest shall be calculated on the basis of actual number of days elapsed divided by a year of 360 days. As of the date of this Loan Agreement, the applicable rate is 2.75% p.a. the Interest Rate will be adjusted to applicable rates published
by the Swiss Federal Tax Authorities. 
  

	3.2	Accrual and Due Date 

 The Loan will bear interest as from the Drawdown Date. The Borrower shall pay accrued interest on the outstanding Loan Amount quarter annually on the last day of each quarter (each an “Interest Payment Date”), the first payment
taking place on the 31st of March 2008. If the due date for such interest payment does not fall on a Business Day, the payment shall be made on the
next following Business Day. 
  

	4.	MATURITY AND REPAYMENT 

  

	4.1	Final Maturity 

 The Loan will terminate on December 31, 2009
(the “Maturity Date”) and the principal amount outstanding, plus any interest or other amounts owed under this Agreement, will become payable as of the Maturity Date. However, notwithstanding the foregoing, the Lender is entitled to
terminate the Agreement pursuant to Article 8 of this Agreement. 
  

	4.2	Repayment 

 The Loan shall, subject to Sections 4.3 and 6. be repayable in 8 equal quarter annually installments, the first installment taking place on the 31st of March 2008. 
  

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	4.3	Optional Prepayment 

 The Borrower shall have the right to prepay at
any time all or part of the amount of the Loan Amount then outstanding, including interest accrued by giving not less than five Business Days notice to the Lender. 
  

	5.	PAYMENTS AND TAXES 

  

	5.1	Payments of the Borrower 

 All payments of principal and interest on
the Loan shall be made at [account details of Lender], or at such other place as may be designated in writing by Lender. 
  

	5.2	Taxes 

 Payment of Interest and principal shall be made without any
deduction of any taxes, imposts, penalties, duties, assessments or governmental charges of any kind, present or future (the “Taxes”), except to the extent that the Borrower is required by law to withhold or deduct any Taxes. If any Taxes
must be deducted from any amounts payable or paid by the Borrower pursuant to or under this Loan Agreement, the Borrower shall pay such additional amounts as may be necessary to ensure that the Lender receives a net amount equal to the full amount
which it would have received, had payment not be made subject to the Taxes. 
  

	6.	TERMINATION 

  

	6.1	Ordinary Termination 

 The Lender may at any time terminate this
Agreement and declare the Loan Amount outstanding (including any accrued interest) due with 60 days prior written notice. 
  

	6.2	Acceleration 

 If 
  

	 	(a)	the Borrower does not pay on the due date any amount payable by it under this Loan Agreement; 

  

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	 	(b)	the Borrower does not comply with any material obligation as set out in this Loan Agreement; 

  

	 	(c)	the Borrower is unable to pay its debts as they fall due or is otherwise insolvent; 

  

	 	(d)	any step is taken with a view to a composition, assignment or arrangement with any creditor of the Borrower or any person presents a petition for the bankruptcy winding up or
administration of the Borrower (each of these events referred to in subsections (a) to (d) an “Event of Default”); 

 then
the Lender may, by written notice to the Borrower, declare that an Event of Default has occurred and grant the Borrower 30 days to remedy such Event of Default. If in the opinion of the Lender such Event of Default has not been remedied within said
deadlines, the Lender may by written notice to the Borrower, declare a default and the total Loan Amount together with all Interest accrued thereon up to the date of actual payment and all other amounts owed under this Agreement are immediately due
and payable. 
  

	7.	GENERAL PROVISIONS 

  

	7.1	Notices 

 All notices, requests, demands and other communications
under this Loan Agreement shall be in writing by e-mail, letter or telefax [(provided that such telefax shall be confirmed by letter)] and shall be addressed to: 
 if to the Lender: 
 GigOptix-Helix AG 
 Seefeldstrasse 45 
 CH-8008 Zurich 
 Attn:
Dr. Marc Nater 
 Fax: +41 43 222 38 01 
 e-mail:
marc.nater@wenger-plattner.ch 
  

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 if to the Borrower: 
 GigOptix LLC 
 2400 Geng Road, Suite 100 
 Palo Alto, CA
94303, USA 
 Attn: Dr. Avi Katz 
 Fax: +1
650 424 1938 
 e-mail: avi@gigoptix.com 
  

	7.2	No Assignments 

 This Loan Agreement shall be binding on the Parties
and their respective successors and assigns. Neither Party shall assign this Loan Agreement or any rights or obligations hereunder to any third Party without the prior written consent of the other Party hereto. 
  

	7.3	Confidentiality 

 The Parties undertake to keep the terms and
conditions of this Loan Agreement in strict confidence and further undertake not to disclose any such information to third parties, except as may be required by law or as mutually agreed. 
  

	7.4	Amendments and Waivers 

 This Loan Agreement may only be modified or
amended by a document signed by both Parties. Any provision contained in this agreement may only be waived by a document signed by the Party waiving such provision. 
  

	7.5	Severability 

 Should any provision of this Loan Agreement, or parts
thereof, be held invalid or unenforceable by any competent court or government or administrative authority having jurisdiction, the other provisions of this Loan Agreement, or parts thereof, shall nonetheless remain valid. In such case, the Parties
to this Agreement shall endeavor, to negotiate the substitute provision that best reflects the intentions of the Parties to this Loan Agreement. 
  

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	7.6	Currency 

 All amounts payable under or pursuant to this Loan
Agreement are payable in US-Dollars. 
  

	8.	APPLICABLE LAW AND JURISDICTION 

 This Agreement shall be governed
by Swiss law, ignoring principles of conflicts of law. 
 All disputes arising out of or in connection with this Loan Agreement shall be settled
exclusively before the Commercial Court of Zurich, Switzerland (Handelsgericht des Kantons Zürich) 
  

							
	 Zurich, January ....., 2008
	  	Palo Alto, January 10, 2008
		
	 For:
	  	For:
		
	 GigOptix-Helix AG
	  	GigOptix LLC
				
	 /s/ Dr. Avi Katz
	 	 /s/ Dr. Marc Nater
	  	 /s/ Dr. Avi Katz
	 	 /s/ Mike Forman

	 Dr. Avi Katz
	 	Dr. Marc Nater	  	Dr. Avi Katz	 	Mike Forman

  

 7Guarantee dated as of September 8, 2008, made by Philip Morris USA Inc.

 Exhibit 10.1 
 GUARANTEE, dated as of September 8, 2008 (as amended from time to time, this “Guarantee”), made by Philip Morris USA Inc., a Virginia corporation (the “Guarantor”), in favor of the
lenders (the “Lenders”) parties to the 5-Year Revolving Credit Agreement, dated as of April 15, 2005 (as amended, supplemented or otherwise modified from time to time, the “Credit Agreement”) among Altria
Group, Inc. (“Altria”), JPMorgan Chase Bank, N.A. (“JPMorgan Chase”) and Citibank, N.A., as administrative agents (in such capacity, the “Administrative Agents”) and the Lenders. Capitalized terms
used in this Agreement and not otherwise defined herein have the meanings specified in the Credit Agreement. 
 WITNESSETH: 
 SECTION 1.    Guarantee.  (a)  The Guarantor hereby unconditionally guarantees the punctual payment when
due, whether at stated maturity, by acceleration or otherwise, of the Obligations. 
 (b)  It is the intention of the Guarantor
that this Guarantee not constitute a fraudulent transfer or conveyance for purposes of Bankruptcy Law, the Uniform Fraudulent Conveyance Act, the Uniform Fraudulent Transfer Act or any similar federal or state law to the extent applicable to this
Guarantee. To effectuate the foregoing intention, the amount guaranteed by the Guarantor under this Guarantee shall be limited to the maximum amount as will, after giving effect to such maximum amount and all other contingent and fixed liabilities
of the Guarantor that are relevant under such laws, result in the Obligations of the Guarantor under this Guarantee not constituting a fraudulent transfer or conveyance. For purposes hereof, “Bankruptcy Law” means Title 11, U.S. Code, or
any similar federal or state law for the relief of debtors. 
 SECTION 2.    Guarantee Absolute.  The
Guarantor guarantees that the Obligations will be paid strictly in accordance with the terms of the Credit Agreement, regardless of any law, regulation or order now or hereafter in effect in any jurisdiction affecting any of such terms or the rights
of JPMorgan Chase, as Administrative Agent, or the Lenders with respect thereto. The liability of the Guarantor under this Guarantee shall be absolute and unconditional irrespective of: 
 (i)  any lack of validity, enforceability or genuineness of any provision of the Credit Agreement or any other agreement or instrument relating
thereto; 
 (ii)  any change in the time, manner or place of payment of, or in any other term of, all or any of the Obligations, or
any other amendment or waiver of or any consent to departure from the Credit Agreement; 
 (iii)  any exchange, release or
non-perfection of any collateral, or any release or amendment or waiver of or consent to departure from any other guarantee, for all or any of the Obligations; or 
 (iv)  any other circumstance that might otherwise constitute a defense available to, or a discharge of, Altria or a guarantor. 
 SECTION 3.    Subordination.  The Guarantor covenants and agrees that its obligation to make payments of the Obligations hereunder constitutes an unsecured obligation of the

 
Guarantor ranking (a) pari passu with all existing and future senior indebtedness of the Guarantor and (b) senior in right of payment to all
existing and future subordinated indebtedness of the Guarantor. 
 SECTION 4.    Waiver;
Subrogation.  (a)  The Guarantor hereby waives promptness, diligence, notice of acceptance and any other notice with respect to this Guarantee and any requirement that JPMorgan Chase, as Administrative Agent, or any Lender
protect, secure, perfect or insure any security interest or lien or any property subject thereto or exhaust any right or take any action against Altria or any other Person or any collateral. 
 (b)  The Guarantor hereby irrevocably waives any claims or other rights that it may now or hereafter acquire against Altria that arise from the
existence, payment, performance or enforcement of the Guarantor’s obligations under this Guarantee or the Credit Agreement, including, without limitation, any right of subrogation, reimbursement, exoneration, contribution or indemnification and
any right to participate in any claim or remedy of JPMorgan Chase, as Administrative Agent, or any Lender against Altria or any collateral, whether or not such claim, remedy or right arises in equity or under contract, statute or common law,
including, without limitation, the right to take or receive from Altria, directly or indirectly, in cash or other property or by set-off or in any other manner, payment or security on account of such claim, remedy or right. If any amount shall be
paid to the Guarantor in violation of the preceding sentence at any time prior to the cash payment in full of the Obligations and all other amounts payable under this Guarantee, such amount shall be held in trust for the benefit of JPMorgan Chase,
as Administrative Agent, and the Lenders and shall forthwith be paid to JPMorgan Chase, as Administrative Agent, to be credited and applied to the Obligations and all other amounts payable under this Guarantee, whether matured or unmatured, in
accordance with the terms of the Credit Agreement and this Guarantee, or be held as collateral for any Obligations or other amounts payable under this Guarantee thereafter arising. The Guarantor acknowledges that it will receive direct and indirect
benefits from the financing arrangements contemplated by the Credit Agreement and this Guarantee and that the waiver set forth in this Section 4(b) is knowingly made in contemplation of such benefits. 
 SECTION 5.    No Waiver; Remedies.  No failure on the part of JPMorgan Chase, as Administrative Agent, or any Lender
to exercise, and no delay in exercising, any right hereunder shall operate as a waiver thereof; nor shall any single or partial exercise of any right hereunder preclude any other or further exercise thereof or the exercise of any other right. The
remedies herein provided are cumulative and not exclusive of any remedies provided by law. 
 SECTION 6.    Continuing
Guarantee; Transfer of Interest.  This Guarantee is a continuing guarantee and shall (a) remain in full force and effect until the earliest to occur of (i) the date, if any, on which the Guarantor shall consolidate with or
merge into Altria or any successor thereto, (ii) the date, if any, on which Altria or any successor thereto shall consolidate with or merge into the Guarantor, (iii) payment in full of the Obligations, and (iv) the rating of
Altria’s long term senior unsecured debt by Standard & Poor’s of A or higher, (b) be binding upon the Guarantor, its successors and assigns, and (c) inure to the benefit of and be enforceable by any Lender or
Administrative Agent, and by their respective successors, transferees, and assigns. 
  

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 SECTION 7.    Reinstatement.  This Guarantee shall continue to be
effective or be reinstated, as the case may be, if at any time any payment of any of the Obligations is rescinded or must otherwise be returned by JPMorgan Chase, as Administrative Agent, or any Lender upon the insolvency, bankruptcy or
reorganization of Altria or otherwise, all as though such payment had not been made. 
 SECTION
8.    Amendment.  The Guarantor may amend this Guarantee at any time for any purpose without the consent of JPMorgan Chase, as Administrative Agent, or any of the Lenders; provided, however, that if such
amendment adversely affects the rights of any Lender, the prior written consent of such Lender shall be required. 
 SECTION
9.    Governing Law.  This Guarantee shall be governed by, and construed in accordance with the laws of the State of New York. 
 IN WITNESS WHEREOF, the Guarantor has caused this Guarantee to be duly executed and delivered by its officer thereunto duly authorized as of the date first above written. 
  

					
	PHILIP MORRIS USA INC.
		
	By:	 	/S/ CRAIG JOHNSON
		 	Name:	 	Craig Johnson
		 	Title:	 	President
		
	By:	 	/S/ DANIEL BRYANT
		 	Name:	 	Daniel Bryant
		 	Title:	 	Treasurer

  

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