Document:

Indemnification Agreement dated as of August 19,2005

 EXHIBIT 10.6 
  
 INDEMNIFICATION AGREEMENT 
  
 This Indemnification Agreement (the “Agreement”) is entered into as of the 19th day of August, 2005, by and among Sirna Therapeutics, Inc., a Delaware corporation (the “Company”) and the indemnitees listed on the
signature page hereto (each an “Indemnitee” and collectively, the “Indemnitees”). 
  
 RECITALS 
  
 A. The Company and the Indemnitees recognize the continued difficulty in obtaining liability insurance for the Company’s directors, officers,
employees, controlling persons, agents and fiduciaries, the significant increases in the cost of such insurance and the general reductions in the coverage of such insurance. 
  
 B. The Company and the Indemnitees further recognize the substantial increase in corporate litigation in general, subjecting
directors, officers, employees, controlling persons, agents and fiduciaries to expensive litigation risks at the same time as the availability and coverage of liability insurance has been severely limited. 
  
 C. The Indemnitees do not regard the prior protection available as adequate
under the circumstances, and the Indemnitees and other directors, officers, employees, controlling persons, agents and fiduciaries of the Company are not willing to serve in such capacities without additional protection, so the Company and the
Indemnitees desire to enter into this Agreement. 
  
 D. The
Company (i) desires to attract and retain the involvement of highly qualified groups, such as the Indemnitees, to serve the Company and, in part, to induce each Indemnitee to be involved with the Company and (ii) wishes to provide for the
indemnification and advancing of expenses to each Indemnitee to the maximum extent permitted by law. 
  
 E. In view of the considerations set forth above, the Company desires that each Indemnitee be indemnified by the Company as set forth herein. 

 
 NOW, THEREFORE, the Company and each Indemnitee hereby agrees as
follows: 
  
 1. Indemnification. 
  
 a. Indemnification of Expenses. The Company shall
indemnify and hold harmless each Indemnitee (including, without limitation, its respective directors, officers, partners, employees, agents and spouses) and each person who controls any of them or who may be liable within the meaning of
Section 15 of the Securities Act of 1933, as amended (the “Securities Act”), or Section 20 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”) to the fullest extent
permitted by law if such Indemnitee was or is or becomes a party to or witness or other participant in, or is threatened to be made a party to or witness or other participant in, any threatened, pending or completed action, suit, proceeding or
alternative dispute resolution mechanism, or any hearing, inquiry or investigation that such Indemnitee 

 
reasonably believes might lead to the institution of any such action, suit, proceeding or alternative dispute resolution mechanism, whether civil, criminal,
administrative, investigative or other (hereinafter a “Claim”) by reason of (or arising in part out of) any event or occurrence related to the fact that such Indemnitee is or was a director, officer, employee, controlling
person, agent or fiduciary of the Company, or any subsidiary of the Company, or is or was serving at the request of the Company as a director, officer, employee, controlling person, agent or fiduciary of another corporation, partnership, joint
venture, trust or other enterprise, or by reason of any action or inaction on the part of such Indemnitee while serving in such capacity including, without limitation, any and all losses, claims, damages, expenses and liabilities, joint or several
(including, without limitation, any investigation, legal and other expenses incurred in connection with, and any amount paid in settlement of, any action, suit, proceeding or any claim asserted) under the Securities Act, the Exchange Act or other
federal or state statutory law or regulation, at common law or otherwise, which relate directly or indirectly to the registration, purchase, sale or ownership of any securities of the Company or to any fiduciary obligation owed with respect thereto
(hereinafter an “Indemnification Event”) against any and all expenses (including, without limitation, reasonable attorneys’ fees and all other reasonable costs, expenses and obligations incurred in connection with
investigating, defending a witness in or participating in (including, without limitation, on appeal), or preparing to defend, be a witness in or participate in, any such action, suit, proceeding, alternative dispute resolution mechanism, hearing,
inquiry or investigation), judgments, fines, penalties and amounts paid in settlement (if such settlement is approved in advance by the Company, which approval shall not be unreasonably withheld) of such Claim and any federal, state, local or
foreign taxes imposed on such Indemnitee as a result of the actual or deemed receipt of any payments under this Agreement (collectively, hereinafter “Expenses”), including, without limitation, all interest, assessments and
other charges paid or payable in connection with or in respect of such Expenses. Such payment of allowed Expenses shall be made by the Company as soon as practicable but in any event no later than five (5) days after written demand by the
Indemnitee therefor is presented to the Company. 
  
 b. Reviewing Party. Notwithstanding the foregoing, (i) the obligations of the Company under Section 1(a) shall be subject to the condition that the Reviewing Party (as described in Section 10(e) hereof) shall not have
determined (in a written opinion, in any case in which the Independent Legal Counsel referred to in Section 10(d) hereof is involved) that an Indemnitee would not be permitted to be indemnified under applicable law, and (ii) each
Indemnitee acknowledges and agrees that the obligation of the Company to make an advance payment of Expenses to an Indemnitee pursuant to Section 2(a) (an “Expense Advance”) shall be subject to the condition that, if,
when and to the extent that the Reviewing Party determines that an Indemnitee would not be permitted to be so indemnified under applicable law, the Company shall be entitled to be reimbursed by such Indemnitee (who hereby agrees to reimburse the
Company) for all such amounts theretofore paid; provided, however, that if such Indemnitee has commenced or thereafter commences legal proceedings in a court of competent jurisdiction to secure a determination that such Indemnitee
should be indemnified under applicable law, any determination made by the Reviewing Party that such Indemnitee would not be permitted to be indemnified under applicable law shall not be binding and such Indemnitee shall not be required to reimburse
the Company for any Expense Advance until a final judicial determination is made with respect thereto (as to which all rights of appeal therefrom have been exhausted or lapsed). An Indemnitee’s obligation to reimburse the 

  

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Company for any Expense Advance shall be unsecured and no interest shall be charged thereon if such reimbursement is made within thirty (30) days of
such final judicial determination, unless otherwise required by the court. If there has not been a Change in Control (as defined in Section 10(c) hereof), the Reviewing Party shall be selected by the Board of Directors, and if there has been
such a Change in Control (other than a Change in Control that has been approved by a majority of the Company’s Board of Directors who were directors immediately prior to such Change in Control), the Reviewing Party shall be the Independent
Legal Counsel referred to in Section 10(d) hereof. If there has been no determination by the Reviewing Party or if the Reviewing Party determines that an Indemnitee substantively would not be permitted to be indemnified in whole or in part
under applicable law, the Indemnitee shall have the right to commence litigation seeking an initial determination by the court or challenging any such determination by the Reviewing Party or any aspect thereof, including, without limitation, the
legal or factual bases therefor, and the Company hereby consents to service of process and to appear in any such proceeding. Any determination by the Reviewing Party otherwise shall be conclusive and binding on the Company and such Indemnitee.

  
 c. Contribution. If the
indemnification provided for in Section 1(a) above for any reason is held by a court of competent jurisdiction to be unavailable to an Indemnitee in respect of any losses, claims, damages, expenses or liabilities referred to therein, then the
Company, in lieu of indemnifying such Indemnitee thereunder, shall contribute to the amount paid or payable by such Indemnitee as a result of such losses, claims, damages, expenses or liabilities (i) in such proportion as is appropriate to
reflect the relative benefits received by the Company and the Indemnitees, or (ii) if the allocation provided by clause (i) above is not permitted by applicable law, in such proportion as is appropriate to reflect not only the relative
benefits referred to in clause (i) above but also the relative fault of the Company and the Indemnitees in connection with the action or inaction that resulted in such losses, claims, damages, expenses or liabilities, as well as any other
relevant equitable considerations. In connection with the registration of the Company’s securities, the relative benefits received by the Company and the Indemnitees shall be deemed to be in the same respective proportions that the net proceeds
from the offering (before deducting expenses) received by the Company and the Indemnitees, in each case as set forth in the table on the cover page of the applicable prospectus, bear to the aggregate public offering price of the securities so
offered. The relative fault of the Company and the Indemnitees shall be determined by reference to, among other things, whether the untrue or alleged untrue statement of a material fact or the omission or alleged omission to state a material fact
relates to information supplied by the Company or the Indemnitees and the parties’ relative intent, knowledge, access to information and opportunity to correct or prevent such statement or omission. 
  
 The Company and the Indemnitees agree that it would not be just and equitable
if contribution pursuant to this Section 1(c) were determined by pro rata or per capita allocation or by any other method of allocation that does not take account of the equitable considerations referred to in the immediately preceding
paragraph. In connection with the registration of the Company’s securities, in no event shall an Indemnitee be required to contribute any amount under this Section 1(c) in excess of the lesser of (i) that proportion of the total of
such losses, claims, damages or liabilities that are indemnified against, equal to the proportion of the total securities sold under such registration statement that are being sold by such Indemnitee or (ii) the 

  

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proceeds received by such Indemnitee from its sale of securities under such registration statement. No person found guilty of fraudulent misrepresentation
(within the meaning of Section 11(f) of the Securities Act) shall be entitled to contribution from any person who was not found guilty of such fraudulent misrepresentation. 
  
 d. Survival Regardless of Investigation. The indemnification and contribution provided for in this
Section 1 will remain in full force and effect regardless of any investigation made by or on behalf of the Indemnitees or any officer, director, employee, agent or controlling person of the Indemnitees. 
  
 e. Change in Control. The Company agrees that if
there is a Change in Control of the Company (other than a Change in Control that has been approved by a majority of the Company’s Board of Directors who were directors immediately prior to such Change in Control) then, with respect to all
matters thereafter arising concerning the rights of the Indemnitees to payments of Expenses under this Agreement or any other agreement or under the Company’s Certificate of Incorporation or Bylaws as now or hereafter in effect, Independent
Legal Counsel (as defined in Section 10(d) hereof) shall be selected by the Indemnitees and approved by the Company (which approval shall not be unreasonably withheld). Such counsel, among other things, shall render its written opinion to the
Company and the Indemnitees as to whether and to what extent the Indemnitees would be permitted to be indemnified under applicable law. The Company agrees to abide by such opinion and to pay the reasonable fees of the Independent Legal Counsel
referred to above and to fully indemnify such counsel against any and all expenses (including, without limitation, reasonable attorneys’ fees), claims, liabilities and damages arising out of or relating to this Agreement or its engagement
pursuant hereto. 
  
 f. Mandatory Payment of
Expenses. Notwithstanding any other provision of this Agreement, to the extent that the Indemnitees have been successful on the merits or otherwise, including, without limitation, the dismissal of an action without prejudice, in the defense of
any action, suit, proceeding, inquiry or investigation referred to in Section 1(a) hereof or in the defense of any claim, issue or matter therein, each Indemnitee shall be indemnified against all Expenses incurred by such Indemnitee in
connection herewith. 
  
 2. Expenses; Indemnification
Procedure. 
  
 a. Advancement of
Expenses. The Company shall advance all Expenses incurred by the Indemnitees. The advances to be made hereunder shall be paid by the Company to the Indemnitees as soon as practicable but in any event no later than five (5) days after
written demand by such Indemnitees therefor to the Company. 
  
 b. Notice/Cooperation by the Indemnitees. Each Indemnitee shall give the Company notice in writing as soon as practicable of any Claim made against such Indemnitee for which indemnification will or could be
sought under this Agreement. Notice to the Company shall be directed to the Company’s Chief Executive Officer at the Company’s address (or such other address as the Company shall designate in writing to the Indemnitees). 
  
 c. No Presumptions; Burden of Proof. For purposes of
this Agreement, the termination of any Claim by judgment, order, settlement (whether with or 

  

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without court approval) or conviction, or upon a plea of nolo contendere, or its equivalent, shall not create a presumption that the Indemnitees did not meet
any particular standard of conduct or have any particular belief or that a court has determined that indemnification is not permitted by applicable law. In addition, neither the failure of the Reviewing Party to have made a determination as to
whether an Indemnitee has met any particular standard of conduct or had any particular belief, nor an actual determination by the Reviewing Party that an Indemnitee has not met such standard of conduct or did not have such belief, prior to the
commencement of legal proceedings by such Indemnitee to secure a judicial determination that such Indemnitee should be indemnified under applicable law, shall be a defense to an Indemnitee’s claim or create a presumption that such Indemnitee
has not met any particular standard of conduct or did not have any particular belief. In connection with any determination by the Reviewing Party or otherwise as to whether an Indemnitee is entitled to be indemnified hereunder, the burden of proof
shall be on the Company to establish that an Indemnitee is not so entitled. 
  
 d. Notice to Insurers. If, at the time of the receipt by the Company of a notice of a Claim pursuant to Section 2(b) hereof, the Company has liability insurance in effect that may cover such Claim, the
Company shall give prompt notice of the commencement of such Claim to the insurers in accordance with the procedures set forth in each of the policies. The Company shall thereafter take all necessary or desirable action to cause such insurers to
pay, on behalf of the Indemnitees, all amounts payable as a result of such action, suit, proceeding, inquiry or investigation in accordance with the terms of such policies. 
  
 e. Selection of Counsel. In the event the Company shall be obligated hereunder to pay the Expenses of
any Claim, the Company shall be entitled to assume the defense of such Claim, with counsel approved by the applicable Indemnitee, upon the delivery to such Indemnitee of written notice of its election to do so. After delivery of such notice,
approval of such counsel by the Indemnitee and the retention of such counsel by the Company, the Company will not be liable to such Indemnitee under this Agreement for any fees of counsel subsequently incurred by such Indemnitee with respect to the
same Claim; provided that, (i) the Indemnitee shall have the right to employ such Indemnitee’s counsel in any such Claim at the Indemnitee’s expense and (ii) if (A) the employment of counsel by the Indemnitee has been
previously authorized by the Company, (B) such Indemnitee shall have reasonably concluded that there is a conflict of interest between the Company and such Indemnitee in the conduct of any such defense, or (C) the Company shall not
continue to retain such counsel to defend such Claim, then the fees and expenses of the Indemnitee’s counsel shall be at the expense of the Company. The Company shall have the right to conduct such defense as it sees fit in its sole discretion,
including, without limitation, the right to settle any claim against any Indemnitee without the consent of such Indemnitee. 
  
 3. Additional Indemnification Rights; Nonexclusivity. 
  
 a. Scope. The Company hereby agrees to indemnify the Indemnitees to the fullest extent permitted by law, even if such
indemnification is not specifically authorized by the other provisions of this Agreement, the Company’s Certificate of Incorporation, the Company’s Bylaws or by statute. In the event of any change after the date of this Agreement in any
applicable law, statute or rule that expands the right of a Delaware corporation to indemnify a member of its Board of Directors or an officer, employee, controlling person, agent or 

  

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fiduciary, it is the intent of the parties hereto that the Indemnitees shall enjoy by this Agreement the greater benefits afforded by such change. In the
event of any change after the date of this Agreement in any applicable law, statute or rule that narrows the right of a Delaware corporation to indemnify a member of its Board of Directors or an officer, employee, agent or fiduciary, such change, to
the extent not otherwise required by such law, statute or rule to be applied to this Agreement, shall have no effect on this Agreement or the parties’ rights and obligations hereunder except as set forth in Section 8(a) hereof. 

 
 b. Nonexclusivity. The indemnification provided by
this Agreement shall be in addition to any rights to which the Indemnitees may be entitled under the Company’s Certificate of Incorporation, its Bylaws, any agreement, any vote of stockholders or disinterested directors, the Delaware General
Corporation Law, or otherwise. The indemnification provided under this Agreement shall continue as to each Indemnitee for any action such Indemnitee took or did not take while serving in an indemnified capacity even though the Indemnitee may have
ceased to serve in such capacity. 
  
 4. No Duplication of
Payments. The Company shall not be liable under this Agreement to make any payment in connection with any Claim made against any Indemnitee to the extent such Indemnitee has otherwise actually received payment (under any insurance policy,
Certificate of Incorporation, Bylaw or otherwise) of the amounts otherwise indemnifiable hereunder. 
  
 5. Partial Indemnification. If any Indemnitee is entitled under any provision of this Agreement to indemnification by the Company for any portion
of Expenses incurred in connection with any Claim, but not, however, for all of the total amount thereof, the Company shall nevertheless indemnify such Indemnitee for the portion of such Expenses to which such Indemnitee is entitled. 
  
 6. Mutual Acknowledgement. The Company and each Indemnitee acknowledge
that in certain instances, Federal law or applicable public policy may prohibit the Company from indemnifying its directors, officers, employees, controlling persons, agents or fiduciaries under this Agreement or otherwise. Each Indemnitee
understands and acknowledges that the Company has undertaken or may be required in the future to undertake with the Securities and Exchange Commission to submit the question of indemnification to a court in certain circumstances for a determination
of the Company’s rights under public policy to indemnify the Indemnitees. 
  
 7. Liability Insurance. To the extent the Company maintains liability insurance applicable to directors, officers, employees, control persons, agents or fiduciaries, each of the Indemnitees shall be covered by
such policies in such a manner as to provide the Indemnitees the same rights and benefits as are accorded to the most favorably insured of the Company’s directors, if such Indemnitee is a director, or of the Company’s officers, if such
Indemnitee is not a director of the Company but is an officer; or of the Company’s key employees, controlling persons, agents or fiduciaries, if such Indemnitee is not an officer or director but is a key employee, agent, control person, or
fiduciary. 
  

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 8. Exceptions. Any other provision herein to the contrary notwithstanding, the Company shall not
be obligated pursuant to the terms of this Agreement: 
  
 a. Claims Initiated by an Indemnitee. To indemnify or advance expenses to any Indemnitee with respect to Claims initiated or brought voluntarily by such Indemnitee and not by way of defense, except (i) with respect to actions or
proceedings to establish or enforce a right to indemnify under this Agreement or any other agreement or insurance policy or under the Company’s Certificate of Incorporation or Bylaws now or hereafter in effect relating to Claims for
Indemnifiable Events, (ii) in specific cases if the Board of Directors has approved the initiation or bringing of such Claim, or (iii) as otherwise required under Section 145 of the Delaware General Corporation Law, regardless of
whether such Indemnitee ultimately is determined to be entitled to such indemnification, advance expense payment or insurance recovery, as the case may be; or 
  

b. Claims Under Section 16(b). To indemnify any Indemnitee for expenses and the payment of profits arising from the
purchase and sale by such Indemnitee of securities in violation of Section 16(b) of the Exchange Act or any similar successor statute; or 
  
 c. Claims Excluded Under Section 145 of the Delaware General Corporation Law. To indemnify any Indemnitee if indemnification
is expressly prohibited by law, subject to the right of the Indemnitee to challenge such determination pursuant to Section 1(b). 
  
 d. Claims Resulting from Willful Misconduct or Fraud. To indemnify or advance Expenses to any Indemnitee with respect to Claims
resulting from such Indemnitee’s willful misconduct or fraud on the part of the Indemnitee. 
  
 9. Period of Limitations. No legal action shall be brought and no cause of action shall be asserted by or in the right of the Company against any
Indemnitee or any Indemnitee’s estate, spouse, heirs, executors or personal or legal representatives after the expiration of five (5) years from the date of accrual of such cause of action, and any claim or cause of action of the Company
shall be extinguished and deemed released unless asserted by the timely filing of a legal action within such five (5)-year period; provided, however, that if any shorter period of limitations is otherwise applicable to any such cause
of action, such shorter period shall govern. 
  
 10.
Construction of Certain Phrases. 
  
 a.
For purposes of this Agreement, references to the “Company” shall include, in addition to the resulting corporation, any constituent corporation (including, without limitation, any constituent of a constituent) absorbed in a
consolidation or merger that, if its separate existence had continued, would have had power and authority to indemnify its directors, officers, employees, agents or fiduciaries, so that if an Indemnitee is or was a director, officer, employee,
agent, control person, or fiduciary of such constituent corporation, or is or was serving at the request of such constituent corporation as a director, officer, employee, control person, agent or fiduciary of another corporation, partnership, joint
venture, employee benefit plan, trust or other enterprise, each Indemnitee shall stand in the same position under the 

  

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provisions of this Agreement with respect to the resulting or surviving corporation as each Indemnitee would have with respect to such constituent
corporation if its separate existence had continued. 
  
 b. For purposes of this Agreement, references to “other enterprises” shall include, without limitation, employee benefit plans; references to
“fines” shall include, without limitation, any excise taxes assessed on any Indemnitee with respect to an employee benefit plan; and references to “serving at
the request of the Company” shall include any service as a director, officer, employee, agent or fiduciary of the Company that imposes duties on, or involves services by, such director, officer, employee, agent or fiduciary with respect
to an employee benefit plan, its participants or its beneficiaries; and if any Indemnitee acted in good faith and in a manner such Indemnitee reasonably believed to be in the interest of the participants and beneficiaries of an employee benefit
plan, such Indemnitee shall be deemed to have acted in a manner “not opposed to the best interests of the Company” as referred to in this Agreement. 
  
 c. For purposes of this Agreement a “Change in Control” shall be deemed to have
occurred if (i) any “person” (as such term is used in Sections 13(d)(3) and 14(d)(2) of the Exchange Act), other than a trustee or other fiduciary holding securities under an employee benefit plan of the Company or a corporation owned
directly or indirectly by the stockholders of the Company in substantially the same proportions as their ownership of stock of the Company, (A) who is or becomes the beneficial owner, directly or indirectly, of securities of the Company
representing ten percent (10%) or more of the combined voting power of the Company’s then outstanding Voting Securities (as defined in Section 10(f) hereof), increases his beneficial ownership of such securities by five percent
(5%) or more over the percentage so owned by such person, or (B) becomes the “beneficial owner” (as defined in Rule 13d-3 under said Exchange Act), directly or indirectly, of securities of the Company representing more than
twenty percent (20%) of the total voting power represented by the Company’s then outstanding Voting Securities, (ii) during any period of two (2) consecutive years, individuals who at the beginning of such period constitute the
Board of Directors of the Company and any new director whose election by the Board of Directors or nomination for election by the Company’s stockholders was approved by a vote of at least two-thirds (2/3) of the directors then still in
office who either were directors at the beginning of the period or whose election or nomination for election was previously so approved, cease for any reason to constitute a majority thereof, or (iii) the stockholders of the Company approve a
merger or consolidation of the Company with any other corporation other than a merger or consolidation that 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) at least eighty percent (80%) of the total voting power represented by the Voting Securities of the Company or such surviving entity outstanding immediately after
such merger or consolidation, or the stockholders of the Company approve a plan of complete liquidation of the Company or an agreement for the sale or disposition by the Company of (in one transaction or a series of transactions) all or
substantially all of the Company’s assets. 
  
 d. For purposes of this Agreement, “Independent Legal Counsel” shall mean an attorney or firm of attorneys, selected in accordance with the provisions of Section 2(e) hereof, who shall not have otherwise
performed services for the Company or any Indemnitee within the last three (3) years (other than with respect to matters concerning the right 

  

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of any Indemnitee under this Agreement, or of other indemnitees under similar indemnity agreements). 
  
 e. For purposes of this Agreement, a “Reviewing
Party” shall mean any appropriate person or body consisting of a member or members of the Company’s Board of Directors or any other person or body appointed by the Board of Directors who is not a party to the particular Claim for
which the Indemnitees are seeking indemnification, or Independent Legal Counsel. 
  
 f. For purposes of this Agreement, “Voting Securities” shall mean any securities of the Company that vote
generally in the election of directors. 
  
 11. Amendment and
Termination. Any term hereof may be amended (either generally or in a particular instance and either retroactively or prospectively) only with the written consent of (a) the Company; and (b) each Indemnitee, if any, adversely affected
by such amendment. Any amendment so effected shall be binding upon the Company and all Indemnitees and all of their respective successors and assigns whether or not such person or entity entered into or approved such amendment or waiver. The
observance of any term hereof may be waived by a party with respect to its own interests (either generally or in a particular instance and either retroactively or prospectively) only with the written consent of the party so waiving the observance of
such term. In no event shall such waiver of any rights hereunder constitute the waiver of such rights in any future instance unless the waiver so specifies in writing. Notwithstanding anything to the contrary in this Agreement, the Company may add
additional Indemnitees at any time to this Agreement without the consent of any other Indemnitee. 
  
 12. Attorneys’ Fees. In the event that any action is instituted by an Indemnitee under this Agreement or under any liability insurance
policies maintained by the Company to enforce or interpret any of the terms hereof or thereof, any Indemnitee shall be entitled to be paid all Expenses incurred by such Indemnitee with respect to such action, regardless of whether such Indemnitee is
ultimately successful in such action, and shall be entitled to the advancement of Expenses with respect to such action, unless, as a part of such action, a court of competent jurisdiction over such action determines that each of the material
assertions made by such Indemnitee as a basis for such action was not made in good faith or was frivolous. In the event of an action instituted by or in the name of the Company under this Agreement to enforce or interpret any of the terms of this
Agreement, the Indemnitee shall be entitled to be paid all Expenses incurred by such Indemnitee in defense of such action (including, without limitation, costs and expenses incurred with respect to such Indemnitee’s counterclaims and
cross-claims made in such action), and shall be entitled to the advancement of Expenses with respect to such action, unless, as a part of such action, a court having jurisdiction over such action determines that each of such Indemnitee’s
material defenses to such action was made in bad faith or was frivolous. 
  
 13. Binding Effect. This Agreement shall be binding upon and inure to the benefit of and be enforceable by the parties hereto and their respective successors, assigns, including, without limitation, any direct
or indirect successor by purchase, merger, consolidation 

  

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or otherwise to all or substantially all of the business and/or assets of the Company, spouses, heirs, and personal and legal representatives. 
  
 14. Choice of Law. This Agreement shall be governed by and its
provisions construed and enforced in accordance with the laws of the State of Delaware, as applied to contracts between Delaware residents, entered into and to be performed entirely within the State of Delaware, without regard to the conflict of
laws principles thereof. 
  
 15. Consent to Jurisdiction.
The Company and each Indemnitee each hereby irrevocably consents to the jurisdiction of the courts of the State of Delaware for all purposes in connection with any action or proceeding that arises out of or relates to this Agreement and agree that
any action instituted under this Agreement shall be commenced, prosecuted and continued only in the Court of Chancery of the State of Delaware in and for New Castle County, which shall be the exclusive and only proper forum for adjudicating such a
claim. 
  
 16. Corporate Authority. The Board of Directors
of the Company and its stockholders have approved the terms of this Agreement. 
  
 17. Counterparts. This Agreement may be executed in one (1) or more counterparts, each of which shall constitute an original. 
  
 18. Integration and Entire Agreement. Subject to Section 3(b), this Agreement sets forth the entire
understanding between the parties hereto and supersedes and merges all previous written and oral negotiations, commitments, understandings and agreements relating to the subject matter hereof between the parties hereto. 
  
 19. No Construction as Employment Agreement. Nothing contained in this
Agreement shall be construed as giving any Indemnitee any right to be retained in the employ of the Company or any of its subsidiaries. 
  
 20. Notice. All notices and other communications required or permitted hereunder shall be in writing, shall be effective when given, and shall in
any event be deemed to be given (i) two (2) days after deposit with the U.S. Postal Service or other applicable postal service, if delivered by first class mail, postage prepaid, (ii) upon delivery, if delivered by hand,
(iii) one (1) business day after the business day of deposit with Federal Express or similar overnight courier, freight prepaid, or (iv) one (1) day after the business day of delivery by facsimile transmission, if deliverable by
facsimile transmission, with copy by first class mail, postage prepaid, and shall be addressed if to the Indemnitees, at each Indemnitee’s address as set forth beneath the Indemnitees’ signatures to this Agreement and if to the Company at
the address of its principal corporate offices (Attention: Secretary) or at such other address as such party may designate by ten (10) days’ advance written notice to the other party hereto. 
  
 21. Severability. The provisions of this Agreement shall be severable
in the event that any of the provisions hereof (including, without limitation, any provision within a single section, paragraph or sentence) are held by a court of competent jurisdiction to be invalid, void or otherwise unenforceable, and the
remaining provisions shall remain enforceable to the fullest extent permitted by law. Furthermore, to the fullest extent possible, the provisions of this 

  

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Agreement (including, without limitation, each portion of this Agreement containing any provision held to be invalid, void or otherwise unenforceable, that
is not itself invalid, void or unenforceable) shall be construed so as to give effect to the intent manifested by the provision held invalid, illegal or unenforceable. 
  
 22. Subrogation. In the event of payment under this Agreement, the Company shall be subrogated to the extent of such
payment to all of the rights of recovery of an Indemnitee who shall execute all documents required and shall do all acts that may be necessary to secure such rights and to enable the Company effectively to bring suit to enforce such rights.

  
 23. Successors and Assigns. The Company shall require
and cause any successor (whether direct or indirect by purchase, merger, consolidation or otherwise) to all, substantially all, or a substantial part, of the business and/or assets of the Company, by written agreement in form and substance
satisfactory to each Indemnitee, expressly to assume and agree to perform this Agreement in the same manner and to the same extent that the Company would be required to perform if no such succession had taken place. This Agreement shall continue in
effect with respect to Claims relating to Indemnifiable Events regardless of whether any Indemnitee continues to serve as a director, officer, employee, agent, controlling person, or fiduciary of the Company or of any other enterprise, including,
without limitation, subsidiaries of the Company, at the Company’s request. 
  
 [Signature Pages Follow] 
  

 11 

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

			
	Sirna Therapeutics, Inc.:
		
	 By:
	 	 /s/ Howard W. Robin

	 Name:
	 	 Howard W. Robin

	 Title:
	 	 President & CEO

  

			
	 Address:
	 	 2950 Wilderness Place
 Boulder, Colorado 80301

  

			
	 INDEMNITEE:

	
	 /s/ Dennis H. Langer

	 Dennis H. Langer, M.D., J.D.

  
 SIGNATURE PAGE TO INDEMNIFICATION AGREEMENTEmployment Agreement

 Exhibit 10.1 
  
 Employment Agreement 
 Splendid Zuo 
 Peak Plastics and Metal Products (International) Limited 
 August 9, 2005 
  
 This
Agreement is effective August 9, 2005 between Splendid Zuo Yi (

), residing at
                    , in the Peoples Republic of China (hereinafter “Employee”), and Peak Plastics and Metal Products
(International) Limited., a Hong Kong corporation with a place of business at Unit E & F, 19th Floor, CDW Building, 388 Castle Peak Road, Tsuen Wan, Hong Kong (hereinafter “Peak”). 
  
 The parties agree as follows: 
  

	1.	Employment: Peak hereby employs Employee as its Vice President, General Manager, Factory Operations. Employee shall report to Dean Personne, President and Chief Operating
Officer. Employee agrees that Peak is entitled to adjust the position of the Employee at any time without any reason, but 15 days prior written notice shall be given. In the event Peak shall reduce substantially the salary of Employee on any basis
other than as part of a general reduction in the salaries of all officers of the Company, then, in such event, such reduction may be considered by Employee as a termination of Employee’s employment by Company for convenience.

  

	2.	Job Responsibility: Direct, manage, and oversee the operation of the company’s Factory operations. Responsible for managing costs, insuring the efficient execution of shipping
plans, overseeing all matters related to personnel assigned to Factory. Responsible for insuring a safe, clean work facility. 

  

	3.	Limitation on Power: As the General Manager, except otherwise agreed by Peak in writing, Employee (including any of his relatives and/or any entity in which he and/or any of
his relatives have interest) is not allowed to enter into any employment contract or other contract with the factory he works in, whose registered name in Chinese is 

(the “Factory”). 

  

	4.	Location: Employee shall be located in Shenzhen PRC. 

  

	5.	Compensation, Expenses: 

  

	 	5.1.	Salary: Peak shall pay to Employee RMB 50,675 per month. Employee shall bear his individual income tax by himself according to applicable law. Employee agrees that Peak
or other applicable entity is entitled to withhold the tax according to applicable law. 

  

	 	5.2.	Stock: Employee will be granted a nonqualified stock option to purchase 25,000 shares of Peak International Limited Common Stock. The stock options shall be subject to the
terms and conditions of Peak International Limited’s 1997 or 1998 Stock Option Plan and shall vest over three years. The price of the option will be the fair market value on the date of grant based on the average of the high and the low price
of the shares on the date of grant. The options will expire four years from the grant date. 

 Employment Contract 
 Splendid Zuo 
 August 9, 2005 
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	 	5.3.	Change in Control. 

  

	 	5.3.1.	“Change in Control” of Peak International Limited means any transaction or series of transactions in which any of the following occurs: 

  

	 	5.3.2.	the acquisition by any “person” (as such term is used in Section 13(d) and 14(d) of the Securities Exchange Act of 1934, as amended (the “Exchange Act”) or
by Peak International Limited or a person that directly or indirectly controls, is controlled by, or is under common control with, the Company) of the “beneficial ownership” (as defined in Rule 13d-3 under the Exchange Act), directly or
indirectly, of securities of the Company representing fifty percent (50%) or more of the total voting power represented by the Company’s then outstanding voting securities, 

  

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

  

	 	5.3.4.	the consummation of a plan of complete liquidation of Peak International Limited or of the sale or disposition by Peak International Limited of all or substantially all of the
Company’s assets. 

  

	 	5.3.5.	In the event Employee’s employment with the Company is terminated in anticipation of or within two years following a Change of Control by the Company without Good Cause, then,
all of Employee’s stock options shall immediately vest in full and, notwithstanding anything to the contrary contained in any other document, be fully exercisable for a period of one year. 

  

	6.	Benefits: Employee shall participate in the benefit plans offered by the factory generally to its employees. Employee shall not participate in any benefit plans offered to
employees of the company resident in Hong Kong. 

  

	7.	Termination for Convenience: This Agreement shall remain in effect until terminated by either party. Any party is entitled to terminate this Agreement at any time without any
reason, but 30 days prior written notice shall be given. 

  

	 	7.1.	Each party represents to the other that it will exercise its best efforts during the first six months of this employment agreement to cooperate with one another

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	 	    	with the goal of mutual success. Notwithstanding anything to the contrary set forth in this Agreement, neither party shall terminate this employment contract during the initial six
months of the term of the agreement without substantial reason, such as labor disruptions and disputes, violations of laws and regulations, insubordination, conflicts of interest, unexcused failure to report to work for more than five days, and
similar egregious acts by the other party.” 

  

	 	7.2.	In the event Peak shall elect to terminate the employment of Employee for convenience and not for cause, as hereinafter defined, then Peak shall pay to Employee the following
amounts: 

  

	 	7.2.1.	Six months pay, and 

  

	 	7.2.2.	An amount equal to a maximum of 12 months pay, being the long service payment that would have been payable under the laws of the PRC to Employee had Employee remained in the employ
of the Factory, provided that Employee shall make no claim for nor attempt in any way to collect such payment or any portion thereof from the Factory, or in fact collect such amount from the Factory or any other party. 

  

	8.	Release and Waiver. 

  

	 	8.1.	Employee shall sign a release and waiver of all claims as a condition of payment of the amounts payable to Employee pursuant to paragraph 7 above. Such release and waiver to be
in a form reasonably satisfactory to Employer. 

  

	9.	Waiver of Claims: Employee represents that he has resigned voluntarily from any and all positions with the Factory and that he has given up any and all claims for
compensation in connection with said employment, including without limitation, any claim for long service payments. 

  

	10.	Stock Options: All stock options heretofore granted to Employee shall remain in full force and effect according to their terms and none shall be deemed to be cancelled as a
result of Employee’s resignation from employment with the Factory. 

  

	11.	Notices: Any notice required or permitted to be given hereunder may be given by email, fax, courier, personal delivery, or other method and shall be effective upon actual
delivery. 

  

	12.	Disputes: This Agreement is made in and shall be construed in accordance with the laws of the Peoples Republic of China. 

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	13.	Confidentiality: All of the information developed by Employee shall be the sole property of Peak. Employee shall maintain the confidentiality of all information related to
Peak or to the work Employee performed for Peak. 

  

	14.	Integration. This Agreement may only be modified from time to time hereafter by a written instrument signed by an authorized representative of each party.

  

	15.	Attachments. The following documents are attached to this agreement and constitute an integral part of the terms hereof: 

  

	 	15.1.	Code of Ethics 

  

	 	15.2.	Intellectual Property Rights 

  
 IN WITNESS WHEREOF, the parties hereto have executed this Agreement in Hong Kong as of the effective date. 
  

			
	Peak Plastics and Metal Products (International) Limited	 	Splendid Zuo
		
	/s/ Dean Personne	 	/s/ Splendid Zuo
		
	By:	 	  

	Dean Personne	 	 
	President and Chief Operating Officer	 	 ID No.

 Employment Contract 
 Splendid Zuo 
 August 9, 2005 
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 CODE OF ETHICS 
  
 Dear Colleague: 
  
 Peak International Limited is committed to serving the best interests of all our varied constituencies: we strive to increase shareholder value, to
provide customers with quality products, to offer opportunities to all Peak employees, and to meet our public responsibilities as a member of the global business community. 
  
 Since the preservation of our reputation is fundamental to the continued well being of our business, each employee has a
personal responsibility to make sure that his or her conduct is true to that objective. Proper conduct includes strict compliance with the spirit and the letter of the laws and regulations that apply to our business. But it means more than that. It
also means that we are honest and ethical in all of our business practices. 
  
 We set forth in the succeeding pages the Peak International Limited Code of Ethics, approved by the Board of Directors. The Code often exceeds the requirements of the law. The Code does not necessarily provide answers
to all questions that might arise; for that we must ultimately rely on each person’s judgment as to when it is proper to seek guidance from senior officers of Peak. 
  
 Read the Code carefully and make sure you understand it and the consequences of non-compliance. I expect all employees to
comply with this Code. If you have any questions about it or its application to events related to the company, speak with me, Jack Menache, our Corporate Compliance Officer, or any member of the board of directors of the company. Section 2 of
the Code lists procedures for making anonymous reports. 
  
 Our
ability to meet the challenges of the future will depend in large measure on our understanding and support of the Code’s purposes and spirit. We are committed to providing the most competitive products and finest service to our customers.
Adherence to the policies set forth in the Code will help us to achieve this goal. 
  
 Calvin Reed 
  
 Chairman and
Chief Executive Officer 

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	1.	Responsibility To Our People 

  

	 	1.1.	We are all responsible for upholding the values, principles and standards we share as members of the Peak International Limited staff. We must: 

  

	 	1.2.	Commit ourselves to creating an environment that encourages and fosters open communication. 

  

	 	1.3.	Respect the privacy and dignity of all individuals. 

  

	 	1.4.	Maintain the highest standard of business conduct and ethics when using electronic resources, such as the computer, phone and fax. 

  

	 	1.5.	Report family and personal relationships that may result in a conflict of interest. 

  

	 	1.6.	Dedicate ourselves to maintaining a healthy, safe and secure workplace. 

  

	 	1.7.	Except as authorized herein on a de minimus basis, not accept personal gratuities or give any customer or supplier the impression that we would do so. Business meals or events where
the supplier attends the meal or event may be accepted if the value of the meal or event does not exceed $100 in any one case or $1000 in the aggregate in any single calendar year. If a gratuity is offered that exceeds the guidelines, then the Peak
employee will politely refuse, explaining that it is against company policy to accept the gratuity. 

  

	 	1.8.	Follow all company policies governing day-to-day performance of our jobs, including the standards set forth in this Code of Ethics. 

  

	 	1.9.	Not engage in improper or illegal behavior even if directed to do so by someone in higher authority. No one, regardless of position, has the authority to direct any of us to commit
a wrongful act. 

  

	2.	Open Communication 

  

	 	2.1.	The company is committed to providing an environment that encourages and fosters open communication. This means that we encourage and provide the means for all company employees to
express their ideas, opinions, attitudes and concerns without fear of reprisal. 

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	 	2.2.	Any employee or other person may report, without fear of reprisal, any actual or suspected wrong-doing of any nature whatsoever related to the company or its business or customers,
including matters related to accounting issues, internal controls, or auditing issues, to Jack Menache, the company’s Compliance Officer, or in the discretion of the reporting employee, to Cal Reed, the company’s CEO, or to Katie Fung,
Vice President and Chief Financial Officer. In addition, any employee may report any matter to the Chairman of the Audit Committee of the Board of Directors, Christine Russell. Contact information is set forth below. 

  

	 	2.2.1.	Any employee or other person may send a report anonymously if he or she so chooses. Each report will be reviewed and acted upon, whether or not the writer identifies himself or
herself. While any method selected by the individual may be used, we encourage the following methods: 

  

	 	2.2.1.1.	Mail. Send the report by mail to any one or more of the following people addressed to the individuals at PO Box 276, Newark, CA. 94538 

  

	 	2.2.1.1.1.	Christine Russell, Chairman of the Audit Committee, Peak International Limited (email:russell@ceva-dsp.com) 

  

	 	2.2.1.1.2.	Calvin Reed, Chairman and Chief Executive Officer, Peak International Limited (email: cal_reed@peakf.com) 

  

	 	2.2.1.1.3.	Jack Menache, Vice President, General Counsel, Peak International Limited (email: jack_menache@peakf.com) 

  

	 	2.2.1.1.4.	Katie Fung, Vice President, Chief Financial Officer (email: Katie_fung@peakf.com) 

  

	 	2.2.1.2.	Fax. Send the report by FAX to any one or more of the foregoing people addressed to the individuals at (510) 449-0102. 

  

	 	2.2.1.3.	Email. Send the report by email to any two of the above listed people at their indicated email address. It is more difficult to send a report anonymously by email since the sender
leaves an electronic trail. Thus, this method should not be used if the sender wishes to remain anonymous. 

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	3.	Employee Privacy 

  

	 	3.1.	We respect the privacy and dignity of all individuals. We limit access to personal information to authorized personnel who need it for business or legal purposes, and we will comply
with all applicable laws regarding disclosure of personal information. 

  

	 	3.2.	The company does not routinely monitor personal communications and computer use of its employees, nor search their work spaces. You should not, however, expect that these
communications and work spaces will be private and the company may elect to monitor such communications and/or search work spaces. There may be times when appropriate company personnel may access employee work spaces and monitor electronic and other
communications for the safety or protection of other people, company property or other reasons. Employees are not permitted to access the electronic communications of other employees or third parties unless directed to do so by the president or a
vice president of the company. 

  

	 	3.3.	The Company uses various forms of electronic communications including, but not limited to computers, e-mail, telephones, voicemail, fax machines, and software. All electronic
communications, including all software and hardware, are the sole property of the company and are to be used only for company business. 

  

	 	3.4.	Electronic communication/media may not be used in any manner that would be discriminatory, harassing or obscene, or for any other purpose which is illegal, against company policy or
not in the best interest of the company. 

  

	 	3.5.	Employees who misuse electronic communications and engage in defamation, copyright or trademark infringement, misappropriation of trade secrets, discrimination, harassment or
related actions will be subject to immediate termination. 

  

	 	3.6.	Employees may not install personal software in company computer systems. All electronic information created by any employee using any means of electronic communication is the
property of the company. Personal passwords may be used for purposes of security, but the use of a personal password does not affect 

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	 	    	the company’s ownership of the electronic information. The company may override a personal password if, in the judgment of the company, it becomes necessary to do so.

  

	 	3.7.	Any information about the company, its products or services, or other types of information that will appear in the electronic media about the company must be approved by a vice
president or president before the information is placed on an electronic information source. 

  

	4.	Responsibility To Our Organization 

  

	 	4.1.	Prohibition on Advances and Loans 

  

	 	4.1.1.	The company may not advance or lend money to officers or directors of the company. Section 402 of the Sarbanes-Oxley Act of 2002 prohibits public companies from making or
arranging personal loans to their executive officers or directors. Furthermore, any loan or advance of money is subject to Section 96 of the Bermuda Companies Act. 

  

	 	4.2.	Company Time 

  

	 	4.2.1.	Company time includes all of the time during the period when we are assigned to work. We will make the best use of our time, and that of our colleagues, while meeting our
obligations to our customers and owners. We will be on the job when scheduled and conform to the company’s rules governing our day-to-day performance. We also must truthfully and accurately report our work hours. 

  

	 	4.2.2.	Company employees who work full time for the company may not seek or accept other employment without the express written consent of a vice president, the chief executive officer, or
the board of directors. 

  

	 	4.3.	Company Property 

  

	 	4.3.1.	Company employees must protect all tangible and intangible company property, including equipment and vehicles, tools, supplies, keys, records and reports, computer software and
data, including e-mail and voice mail, company proprietary information, intellectual property, and all services that the company provides. That means: 

  

	 	4.3.2.	without specific authorization, no employees may take, loan, donate, sell, 

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	 	    	receive, intentionally damage, sabotage, destroy, or otherwise dispose of any type of company property, regardless of condition or value, or use such property for non-company
purposes; 

  

	 	4.3.3.	Company employees must take measures to ensure against theft, damage, sabotage and misuse of company property and must report any actual or suspected theft or misuse of company
property to management, who in turn must report such event to a vice president of the company. 

  

	 	4.4.	Company Funds 

  

	 	4.4.1.	All employees must properly use and protect company cash and its equivalents, including currency, checks, money orders, postage, charge cards, bills, vouchers, benefits enrollment
forms and reimbursement claims. This means making sure that all claims, vouchers, bills, estimates and invoices are accurate and proper. 

  

	 	4.4.2.	When and if employees use company charge cards, such as credit cards, gasoline cards and calling cards, they will do so for company business only. When approving or certifying any
voucher or bill, employees will have reasonable knowledge that the expense and amounts involved are appropriate and proper. 

  

	 	4.5.	Company Reports 

  

	 	4.5.1.	Employees must ensure that all company reports, including all time sheets, vouchers, bills, payroll and service records, measurement and performance records, and other essential
data, whether computerized or on paper, are accurate and proper. 

  

	 	4.5.2.	Employees must follow all laws, regulations and company procedures for carrying out and reporting business transactions. Employees must also obtain appropriate authorizations and
comply with all internal and external accounting controls. 

  

	 	4.5.3.	Employees may never create a false or misleading report or record involving vouchers, financial information, measurement data, work time reporting, benefits enrollment forms or
reimbursement claims, or other records pertaining to company funds or property. 

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	 	4.5.4.	Employees must not create or submit false or misleading reports of operating statistics and measurements (sales or any other reports); nor suppress, alter or destroy operating data
and reports. 

  

	 	4.5.5.	Employees must not willfully destroy or alter any corporate accounts, records or other official company documents without proper authorization. Employees must not willfully make
false entries or conversely, willfully fail to make correct entries. 

  

	 	4.5.6.	Employees will advise all customers and suppliers of any clerical or accounting errors, as they become known, and effect prompt correction of errors through credits, refunds or
other mutually acceptable means. 

  

	5.	Use of Property Owned by Directors, Officers and Employees 

  

	 	5.1.	Directors, officers, and other employees may not charge the company for the use of assets they own or rent except as specifically authorized by written policies and procedures, such
as reimbursement for personal use of one’s automobile. 

  

	6.	Conflicts Of Interest—Outside Employment And Other Activities 

  

	 	6.1.	A conflict of interest may arise if you engage in any activities or advance your personal interests at the expense of the company’s interests. It is your responsibility to
avoid situations in which your loyalty may become divided. Each individual’s situation is different, and, in evaluating your own, you will have to consider many factors. 

  

	 	6.2.	The rules applicable to the most common conflict of interest situations are provided below. Whenever you have doubts about a possible conflict, you should review the company policy
stated in this Manual. You should also candidly discuss the matter with the CEO or the company’s General Counsel. Each situation will be evaluated on a case-by-case basis. 

  

	7.	Assisting a Competitor 

  

	 	7.1.	An obvious conflict of interest is assisting an organization that markets products in competition with the company’s current or proposed product offerings. Without company
consent you may not: (a) work for such an organization as an employee, consultant or member of its board of directors; or (b) have any 

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	 	  	ownership interest in any enterprise which competes with any business of the company, except as a holder of less than 1 % of publicly traded stock in a company. Such activities
are prohibited because they divide your loyalty between the company and the other organization. 

  

	8.	Competing Against the Company 

  

	 	8.1.	You may not market products in competition with the company’s current or proposed product offerings. 

  

	 	8.2.	It is your responsibility to consult with the CEO or the General Counsel of the company if you are uncertain whether your planned activity will compete with any of the
company’s actual or proposed product lines. You should obtain the written approval of the CEO or the General Counsel of the company before pursuing the activity. 

  

	9.	Supplying the Company 

  

	 	9.1.	You may not work for or represent a supplier or vendor to the company, or be a member of a supplier’s or vendor’s board of directors while you work for the company. In
addition, you may not accept money or benefits of any kind for any advice or services you may provide to a supplier in connection with its business with the company. 

  

	10.	Someone Close to You Working in the Industry 

  

	 	10.1.	You may find yourself in a situation where your spouse, another member of your immediate family, or someone else you are close to is a competitor or supplier of the company or is
employed by one. Such situations call for particular attention to security, confidentiality and conflicts of interest. The closeness of the relationship might lead you to inadvertently compromise the company’s interests.

  

	 	10.2.	There are several factors to consider in assessing such a situation. Among them: the relationship between Peak and the other company; the nature of your responsibilities as a Peak
employee and those of the person close to you; and the access each of you has to your respective employer’s confidential information. 

  

	 	10.3.	You should also be aware that the situation, however harmless it may 

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	 	    	appear to you, could arouse suspicions among your co-workers that might affect your working relationships. The very appearance of a conflict of interest can create problems,
regardless of the behavior of the employee involved. 

  

	 	10.4.	To remove any such doubts or suspicions, you should review your specific situation with the CEO or the General Counsel of the company, to assess the nature and extent of any concern
and how it can be resolved. Frequently, any risk to the company’s interest is sufficiently remote that you need only be reminded to guard against inadvertently disclosing the company’s confidential information. However, in some instances,
a change in the job responsibilities of one of the people involved may be necessary. 

  

	11.	Transactions With Affiliated Companies 

  

	 	11.1.	When dealing with companies affiliated with Peak, either through common ownership or through subsidiary relationships, we must avoid even the appearance of impropriety.

  

	12.	Transactions with Interested Parties 

  

	 	12.1.	Any director, officer, or other employee with an interest in any company transaction shall fully disclose that interest before the company undertakes the transaction. Should a
director, officer or employee discover their interest in a company transaction after it begins, the director, officer or employee shall disclose their interest immediately in writing to the Board of Directors. 

  

	 	12.2.	A director, officer, or employee is “interested” in a transaction when he/she: 

  

	 	12.2.1.	is a director, officer, or employee of an entity that transacts business or proposes to transact business with the company; 

  

	 	12.2.2.	is closely related to any director, officer, or employee of a company that transacts business or proposes to transact business with the company; or 

  

	 	12.2.3.	has an ownership interest in any entity transacting business with the company. 

  

	 	12.3.	The Audit Committee of the Board of Directors shall review these transactions. In order for the company to undertake the transaction, the Audit Committee must approve it.

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	13.	Monitoring of Sales to Affiliates 

  

	 	13.1.	In addition to its standard comprehensive accounting procedures, the company shall monitor sales to affiliates. The CFO shall monitor sales to affiliates and report such sales to
the CEO and to the Board of Directors at each board meeting. 

  

	14.	Insider Trading 

  

	 	14.1.	General Rules 

  

	 	14.2.	Under United States Securities Laws and Company Policy you may not: 

  

	 	14.2.1.	buy or sell Peak’s securities (or in some cases the securities of other companies) while in possession of material non-public information (“inside information”).

  

	 	14.2.2.	disclose inside information to outsiders, including family members, who then trade in the Peak’s securities or the securities of another company on the basis of that
information. This is called “tipping” and can lead to civil and criminal liability for both the “tipper” and “tippee;” 

  

	 	14.2.3.	sell Peak’s securities without complying with all the requirements of Rule 144 of the 1933 Securities Act. Rule 144 is described in detail later in this section.

  

	 	14.2.4.	answer questions or provide company outsiders with information about the company and its affairs unless you are specifically authorized to do so. 

  

	15.	Who Is An “Insider” And What Is “Material Inside Information?” 

  

	 	15.1.	The term “insider” includes not only corporate directors, officers and employees, but also persons who learn of material non-public information through their job duties or
special relationships with corporate insiders. For example, secretaries, mail room clerks and messengers can discover material non-public information while performing their duties. Anyone who discovers material non-public information in this way is
an “insider” under federal securities laws. 

  

	16.	Materiality 

  

	 	16.1.	Under federal securities laws, inside information is “material” if a reasonable investor would consider it important in deciding whether to buy or sell securities.

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	 	16.2.	“Material” inside information includes: 

  

	 	16.2.1.	Company financial results, earnings, possible dividend increases or decreases, stock splits, stock dividends and other financial information; 

  

	 	16.2.2.	anticipated public or private offerings of company securities; 

  

	 	16.2.3.	Company evaluation of an acquisition candidate, business unit divestiture, joint venture, tender offer or other restructuring activity; 

  

	 	16.2.4.	mergers, acquisitions, divestitures, or other restructuring activity in progress or under discussion or negotiation; 

  

	 	16.2.5.	any significant litigation, actual or threatened disputes or governmental investigations; 

  

	 	16.2.6.	changes in management or control of the company. 

  

	 	16.3.	This list is not exhaustive. Depending on the circumstances, other types of information can be “material.” 

  

	 	16.4.	Until material non-public information does become public, any director, officer, or employee with knowledge of it may not trade in Peak’s securities. In addition, if directors,
officers or employees obtain inside information concerning another company in the course of performing their duties, they may not trade in that company’s securities or tip others. 

  

	17.	Window Period 

  

	 	17.1.	After material information is disclosed to the public, a director, officer, or employee must not trade in the Peak’s securities until the market has had sufficient time to
consider the information. All directors and officers, and employees with inside information, must therefore refrain from trading in Peak’s securities for at least 3 business days after the disclosure of material information.

  

	 	17.2.	Officers and directors of the company, and employees with inside information, may not purchase or sell Peak shares during the period beginning two weeks before the end of each
fiscal quarter until 3 days after publication of the company’s disclosure of material information. 

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	 	17.3.	All officers and directors and other insiders should obtain the approval of the company’s General Counsel, Jack Menache, before undertaking any transaction in company
securities. 

  

	18.	Rule 144: Resale Restrictions on Company Securities 

  

	 	18.1.	Under the Securities Act of 1933, an “affiliate” of the company who owns Peak’s securities must comply with Rule 144 of the Securities Act of 1933 in order to resell
them. Unless directors and executive officers comply with Rule 144, they may not be able to sell Peak’s shares in the open market without registering the shares under the Securities Act of 1933. Rule 144 applies to common and preferred stock,
bonds, debentures and any other form of security, even those that were once registered under the Securities Act of 1933 but are not registered at the time of proposed resale. 

  

	 	18.2.	The following provisions of Rule 144 apply to resale of Peak’s securities by affiliates: 

  

	 	18.2.1.	Current public information 

  

	 	18.2.2.	Investors must have access to sufficient current information about the company. The company meets this requirement only if it has filed all reports required by the 1934 Securities
Exchange Act during the 12 months prior to the proposed resale. 

  

	 	18.2.3.	Manner of sale 

  

	 	18.2.3.1.	The director or officer or employee must sell the company’s shares: in an open market transaction; 

  

	 	18.2.3.2.	through a broker; 

  

	 	18.2.3.3.	at the prevailing market price for no more than the usual and customary brokerage commission. The broker may not solicit nor arrange for the solicitation of customers to purchase
the shares. 

  

	 	18.3.	Number of shares which may be sold in any three month period 

  

	 	18.3.1.	A director, officer or employee may sell no more than the greater of: 

  

	 	18.3.2.	one percent of the outstanding shares of the company; or 

  

	 	18.3.3.	the average weekly reported trading volume in the four calendar weeks preceding the transactions. 

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 Splendid Zuo 
 August 9, 2005 
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	19.	Notice of proposed sale 

  

	 	19.1.	If a director, officer or affiliate proposes to sell more than 500 shares or $10,000 worth of shares during any three-month period, then the officer, director or affiliate must file
a notice of sale with the SEC on Form 144 prior to, or concurrently with, placing the order to sell shares. 

  

	20.	Holding Periods 

  

	 	20.1.	Anyone acquiring company securities directly or indirectly from the company in a transaction that was not registered with the SEC under the 1933 Act must hold these securities for
at least one year before reselling them. There is no statutory minimum holding period for securities previously registered under the 1933 Act. 

  

	 	20.2.	Penalties for Violating Securities Law and Company Policy 

  

	 	20.3.	Securities law violations can carry severe and expensive civil penalties for both the company and any individual directors, officers and employees who willfully violate securities
laws. Individuals may also be liable for criminal penalties up to a maximum of $1 million and ten years in prison. A director may be forced to resign. Officers and employees may be subject to disciplinary action, including termination.

  

	21.	You Are Responsible for Knowing Your Obligations Under This Policy 

  

	 	21.1.	All directors, officers and employees should review this material carefully and contact the company’s General Counsel prior to engaging in any transaction in Peak’s
securities which might violate securities laws and/or this company policy. Contact the company’s General Counsel for guidance on the rules about responding to questions or requests for information from outsiders. Contact the company’s
General Counsel regarding any SEC mandated reporting or form-filing requirements. 

  

	22.	Compliance 

  

	 	22.1.	In order to facilitate compliance with legal requirements, the company is adopting the following policy to govern transactions by directors, officers, and employees in Peak’s
securities. 

  

	 	22.2.	Before trading in Peak’s securities, directors, officers and employees 

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 Splendid Zuo 
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	 	    	must obtain advance approval of the transaction from a “Compliance Officer,” who will initially be Jack Menache, the company’s General Counsel. To approve the
transaction, the Compliance Officer must (a) determine that no circumstances exist which might subject the director, officer or employee to a charge of trading on the basis of material non-public information, (b) determine whether the
securities may be properly transferred under the Securities Act of 1933, as amended, and (c) ensure that the records of the Compliance Officer with respect to the director, officer, or employee’s ownership of Peak’s securities are up
to date. 

  

	23.	Disclosure Controls And Procedures 

  

	 	23.1.	Confidentiality of Company Information 

  

	 	23.2.	As a general matter, all information relating to the company’s business that has not been publicly disclosed is confidential, subject to the exceptions listed below.

  

	 	23.3.	Directors, officers, and employees may disclose information about the company to company outsiders only if specifically authorized to do so in accordance with the procedures set
forth in this Code. After the company authorizes or commences disclosure; Rule l0b-5 of the 1934 Securities Exchange Act governs statements by the company or its agents. Directors, officers and employees may not make any untrue statement of material
fact. Rule l0b-5 also prohibits the omission of material facts during disclosure if such omission would make the disclosure misleading. 

  

	 	23.4.	All employees must adhere to the following company procedures when responding to inquiries about the company: 

  

	 	23.5.	The company’s designated spokespersons are Cal Reed, William Snyder and Jack Menache; 

  

	 	23.6.	Any inquiries from outsiders regarding the company should be referred directly to the spokespersons identified above; 

  

	 	23.7.	When responding to inquiries concerning corporate activities, directors, officers and employees must not deny the existence of those activities. Such statements may subject the
company to an affirmative disclosure obligation if the facts change. Instead, refer inquiries to the company spokespersons; 

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	 	23.8.	You should direct any questions about this policy and these procedures to the company’s designated spokespersons. 

  

	24.	Sarbanes-Oxley Certifications 

  

	 	24.1.	The CEO and CFO, pursuant to §906 of the Act, must certify that to the best of their knowledge the periodic report containing financial statements filed by Peak with the SEC
fully complies with the requirements of the Securities Exchange Act of 1934 and that information contained in the periodic report fairly presents, in all material respects, the financial condition and results of operations of the company.

  

	 	24.2.	In addition, the CEO and CFO, pursuant to §302 of the Act, must each certify that: 

  

	 	24.2.1.	he has reviewed the report; 

  

	 	24.2.2.	based on his knowledge, the quarterly report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in
light of the circumstances under which such statements were made, not misleading with respect to the period covered by the report; 

  

	 	24.2.3.	based on his knowledge, the financial statements, and other financial information included in this quarterly report, fairly present in all material respects the financial condition,
results of operations and cash flows of the company as of, and for, the periods presented in the report; 

  

	 	24.2.4.	that he is responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-14 and 15d-14) for Peak and the CEO and CFO have:

  

	 	24.2.5.	he has designed such disclosure controls and procedures to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to the
CEO and CFO by others within those entities, particularly during the period in which this report is being prepared; 

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	 	24.2.6.	he has evaluated the effectiveness of Peak’s disclosure controls and procedures as of a date within 90 days prior to the filing date of the report (the “Evaluation
Date”); and 

  

	 	24.2.7.	presented in the report his conclusions about the effectiveness of the disclosure controls and procedures based on our evaluation as of the Evaluation Date;

  

	 	24.2.8.	that he has disclosed, based on his most recent evaluation, to Peak’s auditors and to the audit committee: 

  

	 	24.2.8.1.	all significant deficiencies in the design or operation of internal controls which could adversely affect Peak’s ability to record, process, summarize and report financial data
and has identified for Peak’s auditors any material weaknesses in internal controls; and 

  

	 	24.2.8.2.	any fraud, whether or not material, that involves management or other employees who have a significant role in Peak’s internal controls; and 

  

	 	24.2.8.3.	has indicated in the report whether or not there were significant changes in internal controls or in other factors that could significantly affect internal controls subsequent to
the date of their most recent evaluation, including any corrective actions with regard to significant deficiencies and material weaknesses. 

  

	25.	Due Diligence Procedures 

  

	 	25.1.	In order to facilitate the certifications and disclosures described above, the company has established the following procedures to ensure that the CFO and CEO are knowledgeable
regarding the financial and operational affairs of the company and with the content of periodic reports to be filed with any governmental agency: 

  

	 	25.1.1.	The vice president, manufacturing operations, shall maintain and or establish practices to assure the accurate and timely collection of information and report weekly in writing to
the CEO, CFO and such other executive officers and employees as such vice president shall determine 

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	 	    	regarding the status of manufacturing operations, costs, quality, inventories, backlog, capital equipment, personnel, and other information relative to such vice president’s
area of responsibility. 

  

	 	25.1.2.	The vice president, CFO shall maintain written policies and procedures relating to such officer’s area of responsibility, including procedures and controls to assure the
accurate and timely collection of financial data and information from all operating entities of the company. In addition, the CFO shall provide written reports to the CEO and such other executive officers and employees as such vice president shall
determine, not less frequently than monthly regarding the results of operations, cash flows and financial affairs of the company. The CFO shall report any material events to the CEO and such other executive officers of the company as shall be
affected by such event as promptly as practicable. 

  

	 	25.1.3.	The vice president, General Counsel, shall provide written reports to the CEO and CFO regarding the status of litigation not less frequently than quarterly and shall report all
material events as promptly as practicable. 

  

	 	25.1.4.	The vice presidents, sales and marketing, shall report to the CEO not less frequently than monthly regarding trends, competition, and other matters related to sales and marketing of
the company’s products. 

  

	 	25.2.	The CFO and CEO shall review the system of internal controls as of a date within 90 days prior to the issuance of any report to be filed with the Securities and Exchange Commission
and include in each such report their conclusions about the effectiveness of their internal controls based on their evaluation as of that date. 

  

	 	25.3.	The CEO and CFO shall disclose to the company’s outside auditors and to the audit committee of the board of directors: 

  

	 	25.3.1.	all significant deficiencies in the design or operation of internal controls which could adversely affect the company’s ability to record, process, summarize, and report
financial data and have identified for the company’s auditors any material weaknesses in internal controls; 

  

	 	25.3.2.	any fraud, whether or not material, that involves management or other employees who have a significant role in the issuer’s internal controls; and 

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	 	25.3.3.	whether or not there were significant changes in internal controls or in other factors that could significantly affect internal controls subsequent to the date of their evaluation,
including any corrective actions with regard to significant deficiencies and material weaknesses. 

  

	26.	Temporary Investment Of Corporate Funds And Diversification Of Risk 

  

	 	26.1.	Temporary Investment of Corporate Funds 

  

	 	26.2.	The company shall invest its excess cash not required for operations only with financial institutions having the highest credit rating available at such time, in Hong Kong,
Singapore, or the United States. This provision shall not be applicable to cash required for operations in other jurisdictions. The company shall also limit its cash investment risk exposure by investing with several unrelated financial
institutions. The company shall invest no more than $10 million with any one financial institution. Any deviation of this policy may only be made in unusual circumstances on a temporary basis with the approval of the CEO and CFO, provided that the
Audit Committee is notified at the earliest possible time and in no event more then 15 days from the date of such deviation. 

  

	 	26.3.	The CFO shall issue reports to the Audit Committee of the Board of Directors at the end of each quarter and from time to time upon request. 

  

	 	26.4.	We recognize the risks involved in limiting company investments to a small number of industries and investments. Therefore we will attempt to reduce investment risk through
diversification of the company’s investment portfolio. We will maintain a diversified portfolio and will periodically review the portfolio to ensure that it is properly diversified to reduce risk. 

  

	27.	Credit And Collections Policies 

  

	 	27.1.	The company recognizes that the extension of trade credit and the terms on which it is extended can be sensitive matters of business judgment. From time to time management will
review the company’s trade credit arrangements to determine whether the arrangements work to the benefit of the company. 

  

	 	27.2.	Any account receivable unpaid longer than 90 days from the end of the 

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	 	    	approved credit period shall be designated a “delinquent account.” The company will refer all delinquent accounts to its internal collections department for collection.
While any customer’s account is delinquent, the company shall make new shipments to that company only on a prepaid, cash on delivery, or other suitable basis specifically approved by the CFO. 

  

	 	27.3.	Should the customer bring a delinquent account back to good standing, the company shall review the customer’s trade credit terms and take appropriate action.

  

	 	27.4.	If any account remains unpaid 150 days from the end of the approved credit period, the company shall refer the account for collection and report such delinquency to the Audit
Committee. In such event, the company shall establish a bad debt reserve in accordance with procedures to be established by the CFO. Except in unusual circumstances, the company shall make no further shipments to any such customer until that
customer’s account is no longer delinquent. Any unusual circumstances shall be documented in writing and provided to the Audit Committee. 

 Employment Contract 
 Splendid Zuo 
 August 9, 2005 
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 I acknowledge receipt of a copy of the Code of Ethics of Peak International and its subsidiaries and
agree to abide by both the letter and spirit of its terms. I acknowledge receipt of the company’s instructions regarding the procedure for making anonymous complaints or reports set forth in Section 2, above. 
  
 DATE: 
  

			
	Employee’s Name	 	             Splendid Zou

		
	Employee’s Signature	 	             /s/ Splendid Zou

 Employment Contract 
 Splendid Zuo 
 August 9, 2005 
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 EXHIBIT A 
 INTELLECTUAL PROPERTY RIGHTS 
  
 As used herein,
the term “Inventions” shall mean all inventions, discoveries, improvements, trade secrets, formulas, techniques, data, programs, systems, specifications, documentation, algorithms, flow charts, logic diagrams, source codes, processes, and
other information, including works-in-progress, whether or not subject to patent, trademark, copyright, trade secret, or mask work protection, and whether or not reduced to practice, which are made, created, authored, conceived, or reduced to
practice by The employee, either alone or jointly with others, during the period of employment with the Company (including, without limitation, all periods of employment with the Company prior to the Effective Date) which (A) relate to the
actual or anticipated business, activities, research, or investigations of the Company or (B) result from or is suggested by work performed by The employee for the Company (whether or not made or conceived during normal working hours or on the
premises of the Company), or (C) which result, to any extent, from use of the Company’s premises or property, unless, in the case of clause (C) only, (i) The employee has reimbursed the Company in an amount equal to the value of
the. use of such premises or property (as determined by the Company based upon the Company’s all in cost, which shall include without limitation compensation and overhead expense) and (ii) the Company approved the use of its premises or
property prior to the use thereof by The employee. 
  
 Work For Hire. The
employee expressly acknowledges that all copyrightable aspects of the Inventions are to be considered “works made for hire” within the meaning of the Copyright Act of 1976, as amended (the “Act”), and that the Company is to be
the “author” within the meaning of such Act for all purposes. All such copyrightable works, as well as all copies of such works in whatever medium fixed or embodied, shall be owned exclusively by the Company as of its creation, and The
employee hereby expressly disclaims any and all interest in any of such copyrightable works and waives any right of morale or similar rights. 
  
 Assignment, The employee acknowledges and agrees that all Inventions constitute trade secrets of the Company and shall be the sole property of the Company or any
other entity designated by the Company. In the event that title to any or all of the Inventions, or any part or element thereof, may not, by operation of law, vest in the Company, or such Inventions may be found as a matter of law not to be
“works made for hire” within the meaning of the Act, The employee hereby conveys and irrevocably assigns to the Company, without further consideration, all his right, title and interest, throughout the universe and in perpetuity, in all
Inventions and all copies of them, in whatever medium fixed or embodied, and in all written records, graphics, diagrams, notes, or reports relating thereto in the employee’s possession or under his control, including, with respect to any of the
foregoing, all rights of copyright, patent, trademark, trade secret, mask work, and any and all other proprietary rights therein, the right to modify and create derivative works, the right to invoke the benefit of any priority under any
international convention, and all rights to register and renew same. The employee understands that Inventions do not include, and the obligations set forth above in this Section 7(c) do not apply to, subject matter that qualifies fully under
the provisions of Section 2870 of the California Labor Code. 

 Employment Contract 
 Splendid Zuo 
 August 9, 2005 
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 Proprietary Notices: No Filings, Waiver of Moral Rights. The employee acknowledges that all Inventions shall, at
the sole option of the Company, bear the Company’s patent, copyright, trademark, trade secret, and mask work notices. 
  
 The employee agrees not to file any patent, copyright, or trademark applications relating to any Invention, except with prior written consent of an authorized
representative of the Company (other than The employee). 
  
 The employee hereby
expressly disclaims any and all interest in any Inventions and waives any right of droit morale or similar rights such as rights of integrity or the right to be attributed as the creator of the Invention. 
  
 Further Assurances. The employee agrees to assist the Company, or any party designated
by the Company, promptly on the Company’s request, whether before or after the termination of employment, however such termination may occur, in perfecting, registering, maintaining, and enforcing, in any jurisdiction, the Company’s rights
in the Inventions by performing all acts and executing all documents and instruments deemed necessary or convenient by the Company, including, by way of illustration and not limitation: 
  
 Executing assignments, applications, and other documents and instruments in connection with (A) obtaining patents, copyrights,
trademarks, mask works, or other proprietary protections for the Inventions and (B) confirming the assignment to the Company of all right, title, and interest in the Inventions or otherwise establishing the Company’s exclusive ownership
rights therein. 
  
 Cooperating in the prosecution of patent, copyright, trademark
and mask work applications, as well as in the enforcement of the Company’s rights in the Inventions, including, but not limited to, testifying in court or before any patent, copyright, trademark or mask work registry office or any other
administrative body. 
  
 The employee shall be reimbursed for all out-of-pocket
costs incurred in connection with the foregoing, if the Company requests such assistance after the termination of the employee’s employment. In addition, to the extent that, after the termination of employment for whatever reason, the
employee’s technical expertise shall be required in connection with the fulfillment of the aforementioned obligations, the Company shall compensate the employee at a reasonable rate for the time actually spent by the employee at the
Company’s request rendering such assistance. 
  
 Power of Attorney.
The employee hereby irrevocably appoints the Company to be his Attorney-In-Fact to execute any document and to take any action in his name and on his behalf and to generally use his name for the purpose of giving to the Company the full benefit of
the assignment provisions set forth above. 

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 Splendid Zuo 
 August 9, 2005 
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 Disclosure of Inventions. The employee shall make full and prompt disclosure to the Company of all Inventions
subject to assignment to the Company, and all information relating thereto in the employee’s possession or under his control as to possible applications and use thereof. 
  
 No Violation of Third-Party Rights. The employee represents, warrants, and covenants that he is not a party to any conflicting
agreements with third parties, which shall prevent him from fulfilling the terms of employment and the obligations of this Agreement. 
  
 Confidential Information: Non-Competition and, Non-Solicitation. 
  
 Confidentiality. The employee acknowledges that in his employment hereunder he shall occupy a position of trust and confidence. The
employee shall not, except as may be required in the normal course of business to perform his duties hereunder or as required by applicable law, without limitation in time or until such information shall have become public other than by the
employee’s unauthorized disclosure, disclose to others, whether directly or indirectly, any Confidential Information regarding the Company, its subsidiaries and affiliates. “Confidential Information” shall mean information about the
Company, its subsidiaries and affiliates, and their respective clients and customers that is not disclosed by the Company for financial reporting purposes and that was learned by the employee in the course of his employment by the Company, its
subsidiaries and affiliates, including (without limitation) any proprietary knowledge, trade secrets, data, formulae, information and client and customer lists and all papers, resumes, and records (including computer records) of the documents
containing such Confidential Information. The employee acknowledges that such Confidential Information is specialized, unique in nature and of great value to the Company, its subsidiaries and affiliates, and that such information gives the Company a
competitive advantage. The employee agrees to (i) deliver or return to the Company, at the Company’s request at any time or upon termination or expiration of his employment or as soon thereafter as possible, (A) all documents,
computer tapes and disks, records, lists, data, drawings, prints, notes and written information (and all copies thereof furnished by the Company, its subsidiaries and affiliates, or prepared by the employee during the term of his employment by the
Company, its subsidiaries and affiliates, and (B) all notebooks and other data relating to research or experiments or other work conducted by the employee in the scope of employment or any Inventions made, created, authored, conceived, or
reduced to practice by the employee, either alone or jointly with others, and (ii) make full disclosure relating to any Inventions. 
  
 If the employee would like to keep certain property, such as material relating to professional societies or other non-confidential material, upon the termination of
employment with the Company, he agrees to discuss such issues with the Company. Where such a request does not put Confidential Information of the Company at risk, the Company shall customarily grant the request. 

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 Splendid Zuo 
 August 9, 2005 
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 The employee consents to the use of the employee’s name, image, and/or voice for purposes of advertising or trade in
connection with the business of the Company or any of its subsidiaries or affiliates. 
  
 DATE: 
  

			
	Employee’s Name	  	             Splendid Zou

		
	Employee’s Signature	  	             /s/ Splendid Zou

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