Document:

Exhibit
      10.35

     

    February
      16, 2007

     

    Jazz
      Semiconductor, Inc.

    4321
      Jamboree Road

    Newport
      Beach, California 92660

    

    Ladies
      and Gentlemen:

     

    Reference
      is made to that certain Loan and Security Agreement, dated as of January 6,
      2006
      (the “Loan
      Agreement”),
      by
      and among Wachovia Capital Finance Corporation (Western) (“Lender”),
      Jazz
      Semiconductor, Inc., a Delaware corporation (“Parent”),
      and
      Newport Fab, LLC, a Delaware limited liability company (“Operating
      Company”,
      Operating Company and Parent, collectively, the “Borrowers”,
      and
      each a “Borrower”).
      Unless otherwise defined in this letter, any capitalized terms that are defined
      in the Loan Agreement shall have the same meanings as used herein.

     

    Pursuant
      to the terms of Section 9.7(a) of the Loan Agreement (and subject to certain
      exceptions), no Borrower shall permit any Person to merge into or with or
      consolidate with it. Borrowers wish to have Joy Acquisition Corp., a Delaware
      corporation (“Merger
      Sub”),
      merge
      with and into Parent (with Parent as the surviving corporation) in accordance
      with the terms of that certain Agreement and Plan of Merger dated as of
      September 26, 2006, by and among Acquicor Technology Inc., a Delaware
      corporation (“Acquicor”),
      Merger Sub, Parent, and TC
      Group,
      L.L.C (the “Proposed
      Merger”).
      The
      terms
      of Section 9.7(a) of the Loan Agreement prohibit such an action by the Borrowers
      and therefore the Borrowers have requested that the Lender consent to such
      action.

     

    Lender
      hereby consents to the Borrowers consummating the Proposed Merger; provided
      that (i)
      within ten (10) Business Days of the date hereof Borrowers and Lender, in its
      capacity as agent for certain financial institutions, have amended and restated
      the Loan Agreement consistent with the terms of that certain Commitment Letter
      dated September 26, 2006, issued by Lender and Wachovia Capital Markets, LLC
      to
      Acquicor; and (ii) from the date hereof no additional Loans or Letters of Credit
      shall be available to Borrowers under the Loan Agreement (it being understood
      that loans and letters and credit would be made available to Borrowers under
      the
      terms and subject to the conditions contained in such amended and restated
      loan
      agreement).

     

    Except
      as
      expressly provided herein, nothing contained herein shall (i) amend, modify
      or
      alter any term or condition of the Loan Agreement or any other Financing
      Agreement or (ii) diminish, prejudice or waive any of the Lender’s rights and
      remedies under the Loan Agreement (including the right to require strict
      compliance with the terms of Section 9.7(a) of the Loan Agreement at any time
      hereafter), any other Financing Agreement or applicable law, and the Lender
      hereby reserves all of such rights and remedies.

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    
       

      This
        letter agreement shall be construed under and governed by the internal laws
        of
        the State of California, and may be executed in any number of counterparts
        and
        by different parties on separate counterparts. Each of such counterparts
        shall
        be deemed to be an original, and all of such counterparts, taken together,
        shall
        constitute but one and the same agreement. Delivery of an executed counterpart
        of this letter agreement by telefacsimile or electronic transmission of a
“pdf”
(or other such viewable, printable data file) shall be equally effective
        as
        delivery of a manually executed original counterpart.

    

     

    
      	 	 	 
	 	
              Very
                truly yours,

            
	 	 
	 	
              WACHOVIA
                CAPITAL FINANCE CORPORATION (WESTERN),

            
	 	
              a
                California corporation

            
	 	
            
	 	
               

            
	
            	By:  	/s/
              Robin L. Van
              Meter                            
              
	 	
               

            	
            
	 	Name:	Robin
              L. Van
              Meter                                  
              
	 	Title:
	Vice
              President                                           
              
	 	
            	 
	 	
            

    

     

    
      	Accepted
              and agreed:	 	 	 
	 	 	 	 	 
	JAZZ
              SEMICONDUCTOR, INC.,	 	 	 
	a
              Delaware corporation	 	 	 
	 	 	 	 	 
	By:
              	
              /s/
                Harsha
                Tank                                  
                

            	 	 	
            
	 	 	 	 	 
	Name:	
              Harsha
                Tank                                       
                

            	 	 	
            
	Title:
	
              Interim
                CFO and
                Secretary               
                

            	 	 	
            
	 	
               

            	 	 	 

    

     

    
      	NEWPORT
              FAB, LLC,	 	 	 
	a
              Delaware limited liability company	 	 	
            
	 	 	 	 	 
	By:
	
              /s/
                Shu
                Li                                             
                

            	 	 	 
	 	 	 	 	 
	Name:	
              Shu
                Li                                                  
                

            	 	 	
            
	Title:	
              PresidentExhibit
      10.36

     

    EMPLOYMENT
      AGREEMENT

     

    This
      Employment Agreement (the “Employment Agreement”)
      is
      entered into as of September 25, 2006 (the “Date
      of this Employment Agreement”)
      by and
      between Shu Li, an individual (“Executive”)
      and
      Jazz Semiconductor, Inc.,
      a
      Delaware corporation (the “Company”).
      Executive and the Company are hereinafter collectively referred to as the
“Parties”,
      each
      as a “Party”.

     

    A. Whereas,
      Acquicor Technology Inc., a Delaware corporation (the “Parent”),
      Joy
      Acquisition Corp., a Delaware corporation and a wholly-owned subsidiary of
      Parent (the “Merger
      Sub”),
      the
      Company and the stockholders’ representative named therein are entering into
      that certain Agreement and Plan of Merger (the “Merger
      Agreement”)
      dated
      as of the date hereof pursuant to which the
      Company will become a wholly-owned subsidiary of Parent (the “Merger”);
      

     

    B. Whereas,
      Executive is a key employee of the Company, and is intimately familiar with
      the
      Company’s operations, plans, trade secrets, proprietary information, business
      activities and operations; 

     

    C. Whereas,
      Executive’s past experience and skills make Executive singularly qualified to
      render special, unique, unusual and extraordinary services to the Company,
      and
      Executive will receive significant consideration and other benefits from the
      consummation of the Merger Agreement;

     

    D. Whereas,
      as an
      inducement to, and in consideration of, the Parent’s agreement to enter into the
      Merger Agreement, Executive has offered to continue to serve as an employee
      of
      the Company after the date the Merger closes pursuant to the Merger Agreement
      (the “Effective
      Date”)
      and to
      provide personal services in exchange for certain compensation and benefits;
      and

     

    E. Whereas,
      the
      Parent would not enter into the Merger Agreement but for Executive’s agreement
      to enter into this Employment Agreement and to provide continuing employment
      services to the Company pursuant to the terms and conditions set forth herein;
      

     

    Now,
      Therefore,
      in
      consideration of the mutual promises and covenants contained herein, the Parties
      agree as follows:

     

    1.  Condition
      Precedent. Executive’s
      employment with the Company pursuant to this Employment Agreement shall commence
      immediately on the Effective Date. If Executive’s employment with the Company
      ends for any reason prior to the Effective Date, or the Merger is not
      consummated for any reason, the Employment Agreement shall be deemed null and
      void, and the offer of employment contained herein shall not be binding upon
      the
      Company, the Parent or any other person or entity.

     

    2.  Employment
      by the Company.

     

    2.1  Job
      Title and Responsibilities.
      The
      Company shall employ Executive in the position of Chief Executive Officer and
      President
      (“CEO”)
      and
      Executive hereby accepts such employment on the terms set forth herein.
      Executive shall report directly to the Chief Executive Officer of Parent (the
      “Parent
      CEO”),
      and
      shall perform all duties customarily associated with Executive’s job title and
      all such other duties as may be reasonably assigned to Executive. Executive
      shall perform his duties from the Company’s corporate headquarters in Newport
      Beach, California or from such other location that Executive and the Company
      may
      agree upon. Executive will devote his best efforts and substantially all of
      his
      professional time and attention to the business of the Company, subject to
      reasonable vacation or sick leave allowed by Company policy or as otherwise
      permitted by the Company. The Company reserves the right to change Executive’s
      job title, duties, reporting relationship and work location from time to time,
      as it deems necessary, subject to the terms and conditions set forth
      herein.

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    2.2  Company
      Employment Policies.
      Executive agrees to abide by all Company employment policies and procedures
      in
      effect from time to time that are applicable to management level employees
      of
      the Company, and to sign and acknowledge receipt of any such written policies
      or
      procedures as requested by the Company from time to time. Except for the
      Company’s at-will employment policy (described below), the Company may modify,
      revoke, suspend or terminate its policies and procedures at any time, with
      or
      without notice.

     

    3.  Compensation
      and Benefits.

     

    3.1  Salary.
      Executive shall receive for services rendered hereunder a base salary paid
      at
      the rate of $422,923 per year, less required payroll deductions and withholdings
      (the “Base
      Salary”),
      paid
      on the Company’s customary payroll payment dates. The Company reserves the right
      to modify Executive’s compensation at other times, subject to all other terms
      and conditions set forth in this Employment Agreement. 

     

    3.2  Annual
      Performance Bonus. Executive
      shall be eligible to earn annual bonus compensation (the “Bonus”)
      as a
      participant in the Company's current 2006 Employee Quarterly Performance Bonus
      Program and in any annual bonus plan that may hereafter be established by the
      Company for the Executive or its executive team generally. The prerequisites
      for
      Executive’s earning of any Bonus in a 2007 plan and in any plan hereafter
      established, as well as the amount of any bonus that may be awarded, shall
      be
      determined by the terms and conditions of the applicable bonus plan and/or
      by
      the Parent's Board of Directors (the “Board”)
      in its
      discretion. To the extent that the amount of Executive’s Bonus is based
      on Executive’s achievement of certain Company and personal performance and
      business objectives (the “Performance
      Objectives”),
      the
      Performance Objectives shall be approved by the Parent CEO for the relevant
      Bonus year. It shall be Executive’s responsibility to obtain written approval of
      the Performance Objectives before the start of the applicable Bonus year. The
      Parent CEO, after consulting with the Board, will determine, in his sole
      discretion, to what extent Executive achieved the Performance Objectives, and
      the amount of the Bonus earned as a result, if any. Executive must remain
      employed with the Company through the end of the accounting quarter in order
      to
      be eligible to earn a Bonus for that quarter. No pro-rated or partial Bonus
      may
      be earned or paid. Executive shall not be eligible to earn any other bonus
      or
      incentive compensation from the Company except as expressly authorized in a
      writing signed by the Parent CEO. 

     

    3.3  Stock
      Options/Equity.  Executive
      may be awarded stock options or other equity awards (collectively, the
“Equity
      Awards”)
      pursuant to terms of the Company’s governing equity incentive plan (the
“Plan”)
      as
      determined by the Compensation Committee of the Board in its sole discretion.
      The exercisability, vesting and other terms and conditions governing the Equity
      Awards will be governed solely by the Plan and separate written agreements
      governing such Equity Awards, and not by this Employment Agreement.

     

    
      
        
        

      

      
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    3.4  Expense
      Reimbursements. Executive
      will be reimbursed by the Company for all reasonable, documented business
      expenses incurred in the course of performing his duties hereunder, in
      accordance with the Company’s governing expense reimbursement policies and
      procedures, in effect from time to time. When traveling on Company business,
      Executive shall be entitled to business class or first class airline travel.
      

     

    3.5  Company
      Benefits Package.
      Executive will continue to be eligible to participate in the Company’s standard
      employee benefits package (including group medical, dental and vision insurance
      coverage, paid holiday, vacation and sick leave, and 401(k) plan participation)
      on the terms and conditions applicable to such benefit plans, as may be in
      effect from time to time. Executive and the Company each hereby represent that
      as of the Date of this Employment Agreement, Executive has a balance of 100.28
      hours of accrued, unused vacation time, and that Executive will continue to
      accrue additional vacation after the Effective Date at his then-current accrual
      rate (i.e.,
      4.62
      hours per pay period) in accordance with the Company’s vacation policies and
      procedures in effect from time to time, up to a maximum accrued balance of
      1.75
      times Executive’s annual vacation accrual rate. For purposes of determining
      Executive’s eligibility and/or rights under any applicable Company benefit plan,
      Executive will be credited as providing employment services effective as of
      his
      start date as reflected in the Company’s records (i.e,
      January
      24, 2000). The Company reserves the right to suspend, modify or terminate
      employee benefits at any time, in its sole discretion. 

     

    4.  Proprietary
      Information, Rights and Duties.

     

    4.1  Employee
      Confidential Information and Inventions Agreement.
      As a
      condition of employment, Executive must sign the Employee Confidential
      Information and Inventions Assignment Agreement (the “Confidential
      Information Agreement”),
      attached hereto as Exhibit
      A.
      

     

    4.2  Exclusive
      Property.
      Executive agrees that all Company-related business procured by Executive, and
      all Company-related business opportunities and plans made known to Executive
      while employed by the Company, are and shall remain the permanent and exclusive
      property of the Company.

     

    5.    
      Outside
      Activities During Employment.

     

    5.1  Activities.
      Except
      with the prior written consent of the Board and as otherwise provided below,
      Executive will not during his employment with the Company undertake or engage
      in
      any other employment, occupation or business enterprise. Executive may engage
      in
      civic and not-for-profit activities so long as such activities do not materially
      interfere with the performance of
      his
      duties hereunder. Subject to the limitations of Sections 5.2 and 5.3 of this
      Employment Agreement and with the prior written consent of the Board, Executive
      may serve as a director of other corporations and may devote a reasonable amount
      of his time to other types of business or public activities not expressly
      mentioned in this Section. 

     

    
      
        
        

      

      
        3

        
          

        

      

      
        
        

      

    

     

    5.2  Investments
      and Interests.
      During
      Executive’s employment with the Company, Executive
      agrees
      not to acquire, assume or participate in, directly or indirectly, any position,
      investment or interest known by his to be adverse or antagonistic to the
      Company, its business or prospects, financial or otherwise.

     

    5.3  Non-Competition.
      During
      Executive’s employment with the Company, except on behalf of the Company,
      Executive will not directly or indirectly, whether as an officer, director,
      stockholder, partner, proprietor, associate, representative, consultant, or
      in
      any capacity whatsoever engage in, become financially interested in, be employed
      by or have any business connection with any other person, corporation, firm,
      partnership or other entity whatsoever known by his to compete directly with
      the
      Company, anywhere in the world, in any line of business engaged in (or planned
      to be engaged in) by the Company; provided,
      however,
      that
      the Executive may purchase or otherwise acquire up to (but not more than) one
      percent (1%) of any class of securities of any enterprise (but without
      participating in the activities of such enterprise) if such securities are
      listed on any national or regional securities exchange or have been registered
      under Section 12(g) of the Securities Exchange Act of 1934, as
      amended.

     

    6.  Termination/Severance
      Benefits.

     

    6.1  At-Will
      Employment. Executive’s
      relationship with the Company is at-will. Accordingly, both the Company and
      Executive may terminate the employment relationship at any time, with or without
      Cause or good reason, and with or without advance notice. Upon termination
      of
      Executive’s employment for any reason (the “Termination
      Date”),
      the
      Company will pay Executive all accrued but unpaid base salary, accrued but
      unpaid bonuses, unpaid expense reimbursements and accrued but unused vacation
      earned through the Termination Date, less applicable withholdings and
      deductions, in accordance with applicable law. Except as expressly provided
      in
      Section 6.2 and 6.3 of this Employment Agreement, Executive shall not be
      entitled to receive any additional compensation (including Base Salary, Bonuses,
      incentive compensation, or equity), severance, or benefits from the Company
      after the Termination Date, with the exception of any vested right Executive
      may
      have under the express terms of a written ERISA-qualified benefit plan
      (e.g.,
      401(K)
      account). To the extent Executive is governed by any severance plan, program
      or
      policy which the Company has in effect now or may adopt in the future, Executive
      shall be entitled to receive only the greater of the severance benefits
      available to him under any such plan, program or policy, or under this
      Employment Agreement. 

     

    
      
        
        

      

      
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    6.2  Severance
      Benefits. 

     

    (a)  Benefits.
      If,
      within one (1) year after the Effective Date, Executive’s employment with the
      Company is terminated without Cause or Executive resigns his employment for
      any
      or no reason (each a “Covered Termination”), the Company shall pay Executive, as
      severance, an amount equal to two (2) times the sum of (i) Executive’s
      annualized Base Salary in effect as of the Effective Date (i.e., $845,846),
      plus
      (ii) an amount equal to the total bonus compensation paid to Executive during
      the twelve (12) month period immediately preceding the Termination Date(the
      “Severance Payment”). The Severance Payment shall be subject to payroll
      withholding and deduction. (For purposes of calculating the Severance Payment,
      the Parties acknowledge and agree that, during the twelve (12) month period
      immediately prior to Date of this Employment Agreement, Executive received
      the
      bonus compensation set forth in Exhibit B hereto.) To the extent provided by
      the
      federal COBRA law or, if applicable, state insurance laws (collectively,
“COBRA”) and by the Company’s then-current group health insurance policies,
      provided Executive timely elects continued health insurance coverage pursuant
      to
      the governing COBRA laws and the terms of the applicable health insurance plans,
      as a further severance benefit, the Company will pay directly to the applicable
      insurance carrier all COBRA premiums necessary to continue Executive’s health
      insurance coverage as of the Termination Date (including dependent coverage,
      if
      applicable) in effect for eighteen (18) months after the Termination Date (the
      “COBRA Reimbursement”). In addition, the Company shall, at the end of such
      eighteen (18) month period, pay directly to Executive a lump sum equal to six
      (6) times the then most recent monthly COBRA premium paid by Company to the
      applicable insurance carrier (the “Additional Health Reimbursement”). The COBRA
      Reimbursement and the Additional Health Reimbursement shall be reported for
      tax
      purposes as earnings. The Additional Health Reimbursement shall be subject
      to
      payroll withholding and deduction. The Executive shall at his discretion be
      allowed to receive the Severance Payment shall be paid in a lump sum or as
      salary and benefits continuation in bi-weekly installments. If the Executive
      chooses to be paid in a lump sum, such amount, less applicable withholdings
      and
      deductions, will be paid within ten (10) business days after Executive provides
      the Company with an effective Release, as required under Section 6.2(d) below.
      If the Executive chooses to be paid in salary continuation, then the Severance
      Payment, less applicable withholdings and deductions, will be paid in bi-weekly
      installments over the applicable 52 week or 104 week period after the Executive
      provides the Company with an effective Release, as required under Section 6.2(d)
      below.

     

    (b)  Cause.
      For
      purposes of this Employment Agreement, “Cause” to terminate Executive’s
      employment shall mean any of the following: (i) Executive’s conviction of, a
      guilty plea with respect to, or a plea of
      nolo
      contendere
      to, a
      charge that Executive has committed a felony under the laws of the United States
      or of any state; (ii) willful and material breach of Executive’s obligations
      under any written agreement between Executive and the Company, including without
      limitation this Employment Agreement and the Confidential Information Agreement;
      (iii) Executive’s willful misconduct, material failure or refusal to perform his
      job duties, or gross neglect of his duties, provided
      that such unsatisfactory performance, if reasonably susceptible of cure, has
      not
      been cured within thirty (30) days following Executive’s receipt of written
      notice from the Company specifying the particulars of the conduct constituting
      Cause;
      and
      (iv)
      Executive’s engagement in any activity that constitutes a material conflict of
      interest with the Company, the Parent or any of their affiliated entities.
      Termination of Executive’s employment because of Executive’s death or certified
      disability (which disability renders Executive unable to perform the essential
      duties of his position with or without reasonable accommodation for sixty (60)
      consecutive days or a total of one hundred and twenty (120) days in any twelve
      (12) month period) shall not constitute
      “Cause” for termination under this Employment Agreement. No act, nor failure to
      act, on the Executive’s part, shall be considered “willful” unless he has acted
      or failed to act, with an absence of good faith and without a reasonable belief
      that his action or failure to take action was in the best interests of the
      Company. 

     

    
      
        
        

      

      
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    (c)  Release
      And Other Requirements. Executive
      must provide the Company with an effective general release of claims in
      substantially the form attached hereto as Exhibit
      B
      (the
“Release”)
      as a
      precondition to receiving the Severance Payment or COBRA Reimbursement
      (together, the “Severance
      Benefits”).
      Executive further understands and agrees that, if Executive materially breaches
      his obligations under the Confidential Information Agreement or that certain
      Noncompetition Agreement entered into by the Executive on behalf of the Company,
      the Parent and certain other Indemnitees on the date hereof (the “Noncompetition
      Agreement”),
      and
      such
      material breach, if reasonably susceptible of cure, has not been cured within
      thirty (30) days following Executive’s receipt of written notice from the
      Company specifying the particulars of the conduct constituting a material breach
      of either such agreement, then in
      addition (and without prejudice) to all other remedies and relief available
      to
      the Company; (i) Executive shall be eligible to receive only $100.00 of total
      Severance Benefits available under this Employment Agreement, (ii) Executive’s
      entitlement to all other severance benefits, including any unpaid balance of
      Severance Benefits, shall immediately terminate; (iii) if the Severance Benefits
      have already been paid to Executive, Executive agrees to immediately remit
      to
      the Company the gross amount of all Severance Benefits paid or otherwise
      provided to him except for $100.00; and (iv) Executive’s Release shall remain in
      full force and effect, notwithstanding the reduction in Severance Benefits.
      No
      breach by Executive of the Confidential Information Agreement shall be
      considered “material” for purposes of the immediately preceding sentence unless
      it is reasonably foreseeable that the breach could result in material
      competitive harm to the Company or Executive has acted or failed to act, either
      intentionally or with an absence of good faith or with substantial lack of
      concern for his compliance with Confidential Information Agreement.

     

    6.3  Deferred
      Compensation.
      Because
      of the uncertainty of the application of Section 409A of the Internal Revenue
      Code of 1986, as amended (the “Code”),
      to
      payment of the Severance Benefits, Executive and the Company hereby agree that
      if any Severance Benefits are subject to the provisions of Section 409A of
      the
      Code by reason of this Employment Agreement, or any part thereof, being
      considered a “nonqualified deferred compensation plan” pursuant to Section 409A
      of the Code, then such payments shall be made in accordance with, and this
      Employment Agreement shall be amended to comply with, Section 409A of the Code,
      including, without limitation, any necessary delay of six (6) months applicable
      to payment of deferred compensation to a “specified employee” (as defined in
      Section 409A(2)(B)(i) of the Code) upon separation from service.

     

    7.  Dispute
      Resolution. 

     

    7.1  Mandatory
      Arbitration.
      To
      ensure the rapid and economical resolution of disputes that may arise in
      connection with Executive’s employment with the Company, Executive and the
      Company agree that any and all disputes, claims, or causes of action, in law
      or
      equity, arising from or relating to the enforcement, breach, performance,
      execution or interpretation of this Employment Agreement, Executive’s
      employment, or the termination of that employment, shall be resolved, to the
      fullest extent permitted by law, by final, binding and confidential arbitration
      conducted in Newport Beach, California by a single arbitrator with JAMS
      (formerly known as “Judicial Arbitration and Mediation Services”), or its
      successor, under the then-applicable JAMS’ arbitration rules. Executive
      acknowledges that by agreeing to this arbitration procedure, both Executive
      and
      the Company are waiving the right to resolve any such dispute through a trial
      by
      jury or judge or administrative proceeding.
      The
      arbitrator shall: (a) have the authority to compel adequate discovery for
      the resolution of the dispute and to award such relief as would otherwise be
      permitted by law; and (b) issue a written arbitration decision including
      the arbitrator’s essential findings and conclusions and a statement of the
      award. The arbitrator shall be authorized to determine if an issue is subject
      to
      this arbitration obligation, and to award any or all remedies that Executive
      or
      the Company would be entitled to seek in a court of law. To the extent permitted
      by applicable law, the Company shall reimburse the Executive for all legal
      costs
      and expenses reasonably incurred (and documented in invoices) in connection
      with
      any dispute under this Agreement, so long as the Executive substantially
      prevails in such dispute. The Company shall pay all JAMS’ arbitration fees.

     

    
      
        
        

      

      
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    7.2  Limitations.
      Nothing
      in this Section 7 shall or is intended to prevent either Executive or the
      Company from obtaining injunctive relief in court to prevent irreparable harm
      pending the conclusion of any arbitration held pursuant to this Section.

     

    8.  General
      Provisions.

     

    8.1  Notices.
      Any
      notices provided hereunder must be in writing and shall be deemed to be received
      upon the earlier of personal delivery (including, personal delivery by facsimile
      transmission), delivery by express delivery service (e.g.
      Federal
      Express), or the third day after mailing by first class mail, to the Company
      at
      its primary office location and to Executive at most current home address as
      listed on the Company payroll (which address may be changed by written
      notice).

     

    8.2  Severability.
      Whenever
      possible, each provision of this Employment Agreement will be interpreted in
      such manner as to be effective and valid under
      applicable law, but if any provision of this Employment Agreement is held to
      be
      invalid, illegal or unenforceable in any respect under any applicable law or
      rule in any jurisdiction, such invalidity, illegality or unenforceability will
      not affect any other provision or any other jurisdiction, but such invalid,
      illegal or unenforceable provision will be reformed, construed and enforced
      in
      such jurisdiction so as to render it valid, legal, and enforceable consistent
      with the intent of the parties insofar as possible.

     

    8.3  Waiver.
      Any
      waiver of any right hereunder must be in evidenced in a writing signed by the
      waiving party to be effective, and any such waiver shall not be construed to
      be
      a waiver of any preceding or succeeding breach of the same or any other
      provision of this Employment Agreement.

     

    8.4  Entire
      Agreement.
      This
      Employment Agreement, together with the Confidential Information Agreement,
      the
      Noncompetition Agreement, constitutes the entire agreement between Executive
      and
      the Company regarding the subject matter hereof and it supersedes any and all
      prior agreements, promises, representations or understandings, written or
      otherwise, between Executive and the Company with regard to this subject matter.
      This Employment Agreement is entered into without reliance on any agreement,
      or
      promise, or representation, other than those expressly contained or incorporated
      herein, and it cannot be modified or amended except in a writing signed by
      Executive and a duly authorized representative of the Board.

     

    
      
        
        

      

      
        7

        
          

        

      

      
        
        

      

    

     

    8.5  Headings
      and Construction.
      The
      headings of the sections hereof are inserted for convenience only and shall
      not
      be deemed to constitute a part hereof or to affect the meaning thereof. Any
      ambiguities in this Employment Agreement shall not be construed against either
      Party as the drafter.

     

    8.6  Successors
      and Assigns.
      This
      Employment Agreement is intended to bind and inure to the benefit of and be
      enforceable by Executive, the Company and their respective successors, assigns,
      heirs, executors and administrators, except that Executive may not assign any
      of
      his duties hereunder and he may not assign any of his rights hereunder without
      the written consent of the Company.

     

    8.7  Governing
      Law.
      All
      questions concerning the construction, validity and interpretation of this
      Employment Agreement shall be governed by the law of the State of California
      as
      applied to contracts made and to be performed entirely within
      California.

     

    8.8  Counterparts.
      This
      Employment Agreement may be executed in separate counterparts, which shall
      be
      taken together and shall constitute one agreement. Facsimile and PDF signatures
      shall be as effective as originals.

     

    In
      Witness Whereof,
      the
      parties enter into this Employment Agreement as of the Effective Date (as
      defined above).

     

    Jazz
      Semiconductor, Inc.

    

    By:
      /s/
      Carolyn
      Follis                               
   

     

    Print
      Name: Carolyn
      Follis                      
  

     

    Title:
      General
      Counsel                             
  

    

     

    /s/
      Shu
      Li                                                                                         
      

    Shu
      Li

     

    
      
        
        

      

      
        8

        
          

        

      

      
        
        

      

    

     

    Exhibit
      A

     

    

    EMPLOYEE
      CONFIDENTIAL INFORMATION AND INVENTIONS ASSIGNMENT AGREEMENT

     

    (CEO)

     

    In
      consideration of my employment or continued employment by
      Jazz Semiconductor, Inc.,
      a
      Delaware corporation (“Company”),
      and
      the compensation paid to me now and during my employment with the Company,
      I
      agree to the terms of this Agreement as follows:

     

    1.  Confidential
      Information Protections.

     

    1.1  Nondisclosure;
      Recognition of Company’s Rights.
      At all
      times during and after my employment, I will hold in confidence and will not
      disclose, use, lecture upon, or publish any of Company’s Confidential
      Information (defined below), except as may be required in connection with my
      work for Company, or as expressly authorized by the Company’s Board of Directors
      (the “Board”),
      or
      the Chief Executive Officer (the “CEO”)
      of
      Company (if I am no longer employed with the Company at the time such
      authorization is requested). I will obtain written approval from the Board
      or
      the CEO (as applicable) before publishing or submitting for publication any
      material (written, oral, or otherwise) that relates to my work at Company and/or
      incorporates any Confidential Information. I hereby assign to Company any rights
      I may have or acquire in any and all Confidential Information and recognize
      that
      all Confidential Information shall be the sole and exclusive property of Company
      and its assigns.

     

    1.2  Confidential
      Information.
      The term
“Confidential
      Information”
shall
      mean any and all confidential knowledge, data or information related to
      Company’s business or its actual or demonstrably anticipated research or
      development, including without limitation (a) trade secrets, inventions, ideas,
      processes, computer source and object code, data, formulae, programs, other
      works of authorship, know-how, improvements, discoveries, developments, designs,
      and techniques; (b) information regarding products, services, plans for research
      and development, marketing and business plans, budgets, financial statements,
      contracts, prices, suppliers, and customers; (c) information regarding the
      skills and compensation of Company’s employees, contractors, and any other
      service providers of Company; and (d) the existence of any business discussions,
      negotiations, or agreements between Company and any third party. Notwithstanding
      the forgoing, “Confidential Information” shall not include any of the forgoing
      items which has become publicly known and made generally available other than
      through my violation of this Agreement. 

     

    1.3  Third
      Party Information. I
      understand that Company has received and in the future will receive from third
      parties confidential or proprietary information (“Third
      Party Information”)
      subject
      to a duty on Company’s part to maintain the confidentiality of such information
      and to use it only for certain limited purposes. During and after the term
      of my
      employment, I will, in accordance with and subject to the terms and limitations
      of the Company’s duties to maintain the confidentiality of such information and
      to use it only for certain limited purposes, hold Third Party Information in
      strict confidence and will not disclose to anyone (other than Company personnel
      who need to know such information in connection with their work for Company)
      or
      use, Third Party Information, except in connection with my work for Company
      or
      unless expressly authorized by an officer of Company in writing.

     

    1.4  No
      Improper Use of Information of Prior Employers and Others.
      I
      represent that my employment by Company does not and will not breach any
      agreement with any former employer, including any noncompete agreement or any
      agreement to keep in confidence or refrain from using information acquired
      by me
      prior to my employment by Company. I further represent that I have not entered
      into, and will not enter into, any agreement, either written or oral, in
      conflict with my obligations under this Agreement. During my employment by
      Company, I will not improperly make use of, or disclose, any information or
      trade secrets of any former employer or other third party, nor will I bring
      onto
      the premises of Company or use any unpublished documents or any property
      belonging to any former employer or other third party, in violation of any
      lawful agreements with that former employer or third party. I will use in the
      performance of my duties only information that is generally known and used
      by
      persons with training and experience comparable to my own, is common knowledge
      in the industry or otherwise legally in the public domain, or is otherwise
      provided or developed by Company. 

     

    2.  Inventions.

     

    2.1  Inventions
      and Intellectual Property Rights. As
      used
      in this Agreement, the term “Invention”
      means
      any ideas, concepts, information, materials, processes, data, programs,
      know-how, improvements, discoveries, developments, designs, artwork, formulae,
      other copyrightable works, and techniques and all Intellectual Property Rights
      in any of the items listed above. The term “Intellectual
      Property Rights”
      means
      all trade secrets, copyrights, trademarks, mask work rights, patents and other
      intellectual property rights recognized by the laws of any jurisdiction or
      country. Nothing in this Agreement shall prohibit me from (i) disclosing
      information and documents when required by law, subpoena or court order, (ii)
      disclosing information and documents to any attorney or tax adviser for the
      purpose of securing legal or tax advice; (iii) disclosing my post-employment
      restrictions in this Agreement in confidence to any potential new employer,
      or
      (iv) retaining, at any time, my personal correspondence and documents relating
      only to my own person benefits, entitlements and obligations. 

     

    
      
        
        

      

      
        9

        
          

        

      

      
        
        

      

    

     

    2.2  Prior
      Inventions.
      I have
      disclosed on Exhibit
      A a
      complete list of all Inventions that (a) I have, or I have caused to be, alone
      or jointly with others, conceived, developed, or reduced to practice prior
      to
      the commencement of my employment by Company; (b) in which I have an ownership
      interest or which I have a license to use; (c) and that I wish to have excluded
      from the scope of this Agreement (collectively referred to as “Prior
      Inventions”).
      If no
      Prior Inventions are listed in Exhibit
      A,
      I
      warrant that there are no Prior Inventions. I agree that I will not incorporate,
      or permit to be incorporated, Prior Inventions in any Company Inventions
      (defined below) without Company’s prior written consent. If, in the course of my
      employment with Company, I incorporate a Prior Invention into a Company process,
      machine or other work, I hereby grant Company a non-exclusive, perpetual,
      fully-paid and royalty-free, irrevocable and worldwide license, with rights
      to
      sublicense through multiple levels of sublicensees, to reproduce, make
      derivative works of, distribute, publicly perform, and publicly display in
      any
      form or medium, whether now known or later developed, make, have made, use,
      sell, import, offer for sale, and exercise any and all present or future rights
      in, such Prior Invention. 

     

      Assignment
      of Company Inventions.
      Inventions assigned to the Company or to a third party as directed by the
      Company pursuant to the section titled “Government or Third Party” are referred
      to in this Agreement as “Company
      Inventions.”
      Subject to the section titled “Government or Third Party” and except for
      Inventions that I can prove qualify fully under the provisions of California
      Labor Code section 2870 and I have set forth in Exhibit
      A,
      I
      hereby assign and agree to assign in the future (when any such Inventions or
      Intellectual Property Rights are first reduced to practice or first fixed in
      a
      tangible medium, as applicable) to Company all my right, title, and interest
      in
      and to any and all Inventions (and all Intellectual Property Rights with respect
      thereto) made, conceived, reduced to practice, or learned by me, either alone
      or
      with others, during the period of my employment by Company. 

     

    2.3  Government
      or Third Party.
      I agree
      that, as directed by the Company, I will assign to a third party, including
      without limitation the United States, all my right, title, and interest in
      and
      to any particular Company Invention. 

     

    2.4  Enforcement
      of Intellectual Property Rights and Assistance.
      During
      and after the period of my employment, I will assist Company in every proper
      way
      to obtain and enforce United States and foreign Intellectual Property Rights
      relating to Company Inventions in all countries. If the Company is unable to
      secure my signature on any document needed in connection with such purposes,
      I
      hereby irrevocably designate and appoint Company and its duly authorized
      officers and agents as my agent and attorney in fact, which appointment is
      coupled with an interest, to act on my behalf to execute and file any such
      documents and to do all other lawfully permitted acts to further such purposes
      with the same legal force and effect as if executed by me. 

     

    2.5  Incorporation
      of Software Code.
      I agree
      that I will not incorporate into any Company software or otherwise deliver
      to
      Company any software code licensed under the GNU General Public License or
      Lesser General Public License or any other license that, by its terms, requires
      or conditions the use or distribution of such code on the disclosure, licensing,
      or distribution of any source code owned or licensed by Company.

     

    3.  Records.
      I agree
      to keep and maintain adequate and current records (in the form of notes,
      sketches, drawings and in any other form that is required by the Company) of
      all
      Inventions made by me during the period of my employment by the Company, which
      records shall be available to, and remain the sole property of, the Company
      at
      all times.

     

    4.  Additional
      Activities.
      I agree
      that during the term of my employment by Company, I will not directly or
      indirectly, without Company’s express written consent: (a) engage in any
      employment or business activity that is competitive with, or would otherwise
      conflict with my employment by, Company; or (b) solicit or attempt to solicit
      any employee, independent contractor, consultant or customer of Company to
      terminate his, her or its relationship with Company in order to become an
      employee, consultant, independent contractor, or customer to or for any other
      person or entity.

     

    5.  Return
      of Company Property. Upon
      termination of my employment or upon Company’s request at any other time, I will
      deliver to Company all of Company’s property, equipment, and documents, together
      with all copies thereof, and any other material containing or disclosing any
      Inventions, Third Party Information or Confidential Information and certify
      in
      writing that I have fully complied with the foregoing obligation. I agree that
      I
      will not copy, delete, or alter any information contained upon my Company
      computer or Company equipment before I return it to Company. In
      addition, if I have used any personal computer, server, or e-mail system to
      receive, store, review, prepare or transmit any Company
      information, including but not limited to, Confidential Information, I agree
      to
      provide the Company with a computer-useable copy of all such Confidential
      Information and then permanently delete and expunge such Confidential
      Information from those systems; and I agree to provide the Company access to
      my
      system as reasonably requested to verify that the necessary copying and/or
      deletion is completed. I
      further
      agree that any property situated on Company’s premises and owned by Company is
      subject to inspection by Company’s personnel at any time with or without notice.
      Prior to the termination of my employment or promptly after termination of
      my
      employment, I will cooperate with Company in attending an exit interview and
      certify in writing that I have complied with the requirements of this section.
      

     

    
      
        
        

      

      
        10

        
          

        

      

      
        
        

      

    

     

    6.  Notification
      of New Employer.
      If I
      leave the employ of Company, I consent to the notification of my new employer
      of
      my rights and obligations under this Agreement, by Company providing a copy
      of
      this Agreement or otherwise.

     

    7.  General
      Provisions.

     

    7.1  Governing
      Law and Venue.
      This
      Agreement and any action related thereto will be governed and interpreted by
      and
      under the laws of the State of California, without giving effect to any
      conflicts of laws principles that require the application of the law of a
      different state. I
      expressly consent to personal jurisdiction and venue in the state and federal
      courts for the county in which Company’s principal place of business is located
      for any lawsuit filed there against me by Company arising from or related to
      this Agreement.

     

    7.2  Severability.
      If any
      provision of this Agreement is, for any reason, held to be invalid or
      unenforceable, the other provisions of this Agreement will remain enforceable
      and the invalid or unenforceable provision will be deemed modified so that
      it is
      valid and enforceable to the maximum extent permitted by law.

     

    7.3  Survival.
      This
      Agreement shall survive the termination of my employment and the assignment
      of
      this Agreement by Company to any successor or other assignee and be binding
      upon
      my heirs and legal representatives.

     

    7.4  Employment.
      I agree
      and understand that nothing in this Agreement shall give me any right to
      continued employment by Company, and it will not interfere in any way with
      my
      right or Company’s right to terminate my employment at any time, with or without
      cause and with or without advance notice.

     

    7.5  Notices.
      Each
      party must deliver all notices or other communications required or permitted
      under this Agreement in writing to the other party at the address listed on
      the
      signature page, by courier, by certified or registered mail (postage prepaid
      and
      return receipt requested), or by a nationally-recognized express mail service.
      Notice will be effective upon receipt or refusal of delivery. If delivered
      by
      certified or registered mail, notice will be considered to have been given
      five
      (5) business days after it was mailed, as evidenced by the postmark. If
      delivered by courier or express mail service, notice will be considered to
      have
      been given on the delivery date reflected by the courier or express mail service
      receipt. Each party may change its address for receipt of notice by giving
      notice of the change to the other party.

     

    7.6  Injunctive
      Relief.
      I
      acknowledge that, because my services are personal and unique and because I
      will
      have access to the Confidential Information of Company, any breach of this
      Agreement by me would cause irreparable injury to Company for which monetary
      damages would not be an adequate remedy and, therefore, will entitle Company
      to
      injunctive relief (including specific performance). The rights and remedies
      provided to each party in this Agreement are cumulative and in addition to
      any
      other rights and remedies available to such party at law or in
      equity.

     

    7.7  Waiver.
      Any
      waiver or failure to enforce any provision of this Agreement on one occasion
      will not be deemed a waiver of that provision or any other provision on any
      other occasion.

     

    7.8  Export.
      I agree
      not to export, directly or indirectly, any U.S. technical data acquired from
      Company or any products utilizing such data, to countries outside the United
      States, because such export could be in violation of the United States export
      laws or regulations.

     

    7.9  Entire
      Agreement.
      If no
      other agreement governs nondisclosure and assignment of inventions during any
      period in which I was previously employed or am in the future employed by
      Company as an independent contractor, the obligations pursuant to sections
      of
      this Agreement titled “Confidential Information Protections” and “Inventions”
shall apply. If any other agreement governs my nondisclosure of information
      and
      assignment of inventions during any period in which I was previously employed
      with the Company, this Agreement and such prior agreements shall be taken
      together and construed as one agreement; provided, however, that to the extent
      any term of any such prior agreement conflicts or is in consistent with the
      terms set forth herein, this Agreement shall control. This Agreement is the
      final, complete and exclusive agreement of the parties with respect to the
      subject matter hereof and supersedes and merges all prior communications between
      us with respect to such matters, and is meant to be consistent with the
      Noncompetition Agreement between me and the Company. No modification of or
      amendment to this Agreement, or any waiver of any rights under this Agreement,
      will be effective unless in writing and signed by me and a duly authorized
      representative of the Board (if I am an employee of the Company at the time
      of
      such modification) or the CEO of Company (if I am not an employee at the time
      of
      such modification). Any subsequent change or changes in my duties, salary or
      compensation will not affect the validity or scope of this Agreement.

     

    
      
        
        

      

      
        11

        
          

        

      

      
        
        

      

       

    

    This
      Agreement shall be effective as of the first day of my employment with
      Company.

     

    
      
        	EMPLOYEE:
                	 	JAZZ
                SEMICONDUCTOR, INC.:
                
	 	 	 	 	 
	I
                have read, understand, and Accept this agreement and have been given
                the
                opportunity to Review it with independent legal
                counsel.	 	Accepted
                and agreed:
	 	 	 	 	 
	
                /s/
                  Shu Li 

              	 	
                /s/
                  Carolyn Follis  

              
	
                (Signature)

              	 	
                (Signature)

              
	 	 	 	 	 
	By:	
                Shu
                  Li                                               
                   

              	 	By:	
                Carolyn
                  Follis                                   
                  

              
	 	 	 	 	 
	Title:	
                Chief
                  Executive
                  Officer                   
                  

              	 	Title:	
                General
                  Counsel                              
                  

              
	 	 	 	 	 
	Date:	
                9/26/06                                              
                  

              	 	Date:	
                9/26/06                                              
                  

              
	 	 	 	 	 
	Address:	
                566
                  Nyes Place

                Laguna
                  Beach, California 92651

              	 	Address: 	
                4321
                  Jamboree Road 

                Newport
                  Beach, California 92660

              

      

       

      
        
          
          

        

        
          12

          
            

          

        

        
          
          

        

      

    

     

    EXHIBIT
      A OF EMPLOYEE CONFIDENTIAL INFORMATION AND INVENTIONS ASSIGNMENT
      AGREEMENT

     

    INVENTIONS

     

    1. Prior
      Inventions Disclosure.
      The
      following is a complete list of all Prior Inventions (as provided in Section
      2.2
      of the attached Employee Confidential Information and Inventions Assignment
      Agreement, defined herein as the “Agreement”):

     

    o
      None

     

    o
      See immediately
      below:

     

    
      
        

      

    

    
      
 

    2. Limited
      Exclusion Notification. 

     

    This
      is to notify you
      in
      accordance with Section 2872 of the California Labor Code that the foregoing
      Agreement between you and Company does not require you to assign or offer to
      assign to Company any Invention that you develop entirely on your own time
      without using Company’s equipment, supplies, facilities or trade secret
      information, except for those Inventions that either:

     

    a. Relate
      at
      the time of conception or reduction to practice to Company’s business, or actual
      or demonstrably anticipated research or development; or

     

    b. Result
      from any work performed by you for Company.

     

    To
      the
      extent a provision in the foregoing Agreement purports to require you to assign
      an Invention otherwise excluded from the preceding paragraph, the provision
      is
      against the public policy of this state and is unenforceable.

     

    This
      limited exclusion does not apply to any patent or Invention covered by a
      contract between Company and the United States or any of its agencies requiring
      full title to such patent or Invention to be in the United States.

    

      
        
          
          

        

        
          13

          
            

          

        

        
          
          

          
          

        

      

    

     

    Exhibit
      B

     

    Bonus
      compensation Paid prior to Date of this Employment
      Agreement

     

    
      	
              Date
                of Payment

            	
              Gross
                Amount of Bonus Paid

            
	
              7/27/2006

            	
              $73,078.54

            

    

    

      
        
          
          

        

        
          14

          
            

          

        

        
          
          

          
          

        

      

    

     

    Exhibit
      C

     

    Release
      of Claims

     

    I,
      _____________, hereby acknowledge and agree that: (a) I
      have
      been paid all accrued salary and other compensation, as well as all accrued
      unused vacation, owed to me for my services to Jazz Semiconductor, Inc. (the
      “Company”)
      through and including the date my employment with the Company terminated (the
      “Termination
      Date”);
      (b) I
      understand and will abide by all continuing obligations under my Confidential
      Information Agreement and Noncompetition Agreement with the Company (as defined
      in my Employment Agreement with the Company dated August __, 2006 (the
“Employment
      Agreement”));
      and (c)
      within thirty (30) days after Termination Date, I will submit all final
      documented expense reimbursement statements reflecting all business expenses
      incurred by me through and including the Termination Date, if any, for which
      I
      seek reimbursement. 

     

    In
      consideration for the Severance Benefits to
      be
      provided to me under the Employment Agreement to which I would not otherwise
      be
      entitled, I hereby release the Company, Acquicor Technology,
      Inc., The Carlyle Group, each of such entities’ parents,
      subsidiaries, successors, predecessors and affiliates, and each of such
      entities’ directors, officers, employees, agents, attorneys, insurers,
      affiliates and assigns (individually and collectively, the “Released Parties”),
      of and from any and all claims, liabilities, demands, causes of action, costs,
      expenses, attorneys fees, damages, indemnities and obligations of every kind
      and
      nature, in law, equity, or otherwise, known and unknown, suspected and
      unsuspected, arising out of or in any way related to agreements, events, acts
      or
      conduct at any time prior to and including the date I sign this Release of
      Claims (the “Release”).
      This
      general release includes, but is not limited to: (a) all claims arising out
      of
      or in any way related to my employment with the Company or the termination
      of
      that employment; (b) all claims related to my compensation or benefits,
      including salary, bonuses, commissions, vacation pay, expense reimbursements,
      severance pay, fringe benefits, stock, stock options, or any other equity
      interests in the Company; (c) all claims for breach of contract, wrongful
      termination, and breach of the implied covenant of good faith and fair dealing;
      (d) all tort claims, including claims for fraud, defamation, emotional
      distress, and discharge in violation of public policy; and (e) all federal,
      state, and local statutory claims, including claims for discrimination,
      harassment, retaliation, attorneys’ fees, or other claims arising under the
      federal Civil Rights Act of 1964 (as amended), the federal Americans with
      Disabilities Act of 1990 (as amended), the federal Age Discrimination in
      Employment Act (as amended), the California Labor Code, and the California
      Fair
      Employment and Housing Act (as amended). Notwithstanding the foregoing, this
      release shall not release the Company from: (i) its obligation (consistent
      with
      applicable Company policy) to reimburse me for valid business expenses that
      I
      have incurred on behalf of the Company and that I submit for reimbursement
      within thirty (30) days after the Termination Date; (ii) its obligations to
      provide me with the Severance Benefits set forth in the Employment Agreement;
      or
      (iii) any obligation to indemnify me pursuant to the Company’s certificate of
      incorporation and bylaws, any written indemnification agreement to which I
      am a
      party or applicable law. Further notwithstanding the foregoing, this release
      shall not release any of the Released Parties from: (y) any rights that I may
      have under the Merger Agreement; or (z) any rights I may have to seek
      contribution or indemnification for third party claims. I represent that I
      have
      no lawsuits, claims or actions pending in my name, or on behalf of any other
      person or entity, against the Company or any other person or entity subject
      to
      the release granted in this paragraph. 

     

    
      
        
        

      

      
        15

        
          

        

      

      
        
        

      

    

     

    I
      acknowledge that I am also knowingly and voluntarily waiving and releasing
      any
      rights that I may have under the under the Age Discrimination in Employment
      Act
      of 1967, as amended (the “ADEA”).
      I
      acknowledge that the consideration given for this waiver and release is in
      addition to anything of value to which I was already entitled. I further
      acknowledge that I have been advised by this writing, as required by the ADEA,
      that: (a) my waiver and release do not apply to any rights or claims that may
      arise after the date I sign this Release; (b) I have been advised hereby that
      I
      should consult with an attorney prior to executing this Release; (c) I have
      twenty-one (21) days to consider this Release (although I may choose to
      voluntarily sign it earlier); (d) I have seven (7) days after the date I sign
      this Release to revoke my agreement to it (by providing the Company (through
      its
      General Counsel) with written notice of such revocation); and (e) my acceptance
      of this Release will not be effective until the date upon which the revocation
      period has expired, which will be the eighth day after I sign it (provided
      I do
      not earlier revoke my acceptance of it) (the “Release
      Effective Date”).

     

    I
      understand that this Release includes a release of all unknown and unsuspected
      claims. I acknowledge that I have read and understand Section 1542 of the
      California Civil Code, which states: “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
      with
      the debtor.”
      I hereby
      waive all rights and benefits under Section 1542 of the California Civil Code
      and any law or legal principle of similar effect in any jurisdiction with regard
      to this Release, including my release of unknown and unsuspected claims
      herein.

    

    This
      Release, together with the Employment Agreement, the Confidential Information
      Agreement, and the Noncompetition Agreement (including the exhibits thereto)
      (collectively, the “Agreements”),
      constitutes the complete, final and exclusive embodiment of the entire agreement
      between the Company and me with regard to the subject matter hereof. I am not
      relying on any promise or representation not expressly stated in the Agreements.
      

    

    Understood
      and agreed:

     

     

    
      	
              ____________________________________
                

            	
              Date:______________________

            

    

    [Executive]

    

    
      
        
        

      

      
        16

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00117-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00117-of-00352.parquet"}]]