Document:

Executive Employment Agreement

 Exhibit 10.1 
 EXECUTIVE EMPLOYMENT AGREEMENT 
 This Employment Agreement (this “Agreement”), dated
March 31, 2008 is entered into by and between PMC-Sierra, Inc. (the “Company”) and Gregory Lang (hereinafter “Executive”) to be effective as of the last date signed by a party hereto. 
 WHEREAS, the Company desires to employ Executive as Company’s President and Chief Executive Officer on the terms and conditions set forth herein and
Executive desires to be so employed by the Company; 
 NOW THEREFORE, for good and sufficient consideration, it is hereby agreed as follows:

 1. Employment Period and Term of Agreement. Company agrees to employ Executive, and Executive hereby agrees to be employed by
Company, subject to the terms and conditions of this Agreement, commencing on April 28, 2008 (the “Start Date”). The term of this Agreement shall be three years, commencing on the Start Date and continuing until April 27, 2011,
unless earlier terminated as provided herein (the “Employment Period”). Not later than 90 days before the expiration of the Employment Period, Company and Executive shall meet and confer regarding any extension of the Employment Period or
additional term of agreement. 
 2. Position and Duties. 
 (a) Executive will serve as President and Chief Executive Officer (“CEO”) of the Company commencing immediately following the filing of the Company’s first quarter financials on Form 10-Q which will be
on or before May 9, 2008. As CEO, Executive will be based at the Company’s headquarters in Santa Clara and will report directly to the Company’s Board of Directors (the “Board”). 
 (b) Executive will be elected as a member of the Board effective as of the next regularly scheduled meeting and shall serve as a member of the Board for
annual terms, subject to shareholder election at the Company’s annual meeting(s) of shareholders. 
 3. Compensation. 

(a) Base Salary. During the Employment Period, Executive shall receive an annual gross base salary paid bi-weekly in accordance with the
Company’s normal payroll procedures (“Base Salary”). Executive’s starting Base Salary shall be $630,000. The amount of Base Salary shall be reviewed annually and increased by such amount, if any, as may be determined by the Board
upon recommendation of the Compensation Committee of the Board. 
  

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 (b) Bonus. Cash incentive bonuses are administered through the Company’s Short Term Incentive
Program (“STIP”) which is designed to reward performance against short-term corporate and individual goals with a cash bonus. During the Employment Period, Executive shall be eligible to participate in STIP at a target award level of
$600,000. For fiscal 2008, the STIP bonus pool is funded on the basis of the Company performance against the non-GAAP EBIT annual target determined in the Company’s 2008 Plan approved by the Board of Directors at the start of the year (the
“Plan”). In 2008, Company performance will be measured bi-annually, but funding and payment will be weighted evenly at 50% for each six-month period. No bonuses are paid if the Company’s performance against profitability target is
less than 50%. The bonus pool will fund over the 50% threshold without a cap to match the actual level of corporate achievement. For example, if the achievement against Plan is 110%, then Executive’s payment for the semi-annual period would be
110% in the absence of weighting of any individual objectives. Any individual objectives, against which Executive is to be measured apart from achievement of the Plan, will be reviewed in advance with Executive but will be finally determined at the
sole discretion of the Board. Executive’s participation in 2008 STIP will be effective from Executive’s Start Date. The Board and its Compensation Committee reserve the right to change STIP during the Employment Period as deemed
appropriate. Earned STIP payments for the first half of the year will be paid within two and one-half months of the end of the STIP period. STIP payments earned in the second half of the year will be paid within two and one-half months of the end of
the STIP period but no later than March 15 of the year following the year of performance. 
 4. Equity. 
 (a) Initial Equity Grant. As a material inducement to Executive to enter into this Agreement, the Board has recommended that Executive receive:

 (i) An option to purchase 1,600,000 shares of the Company’s common stock at a price per share equal to 100% of the fair market value
per share of common stock on the option grant date. This option will have a ten year term and vest over a four year period at the rate of 25% of the shares after completion of the first year of employment and 1/48th of the total number of shares
monthly upon each subsequent month of employment over the 36 month period thereafter. Executive’s grant will be submitted to the Compensation Committee for grant on the Committee’s first regularly scheduled grant date after
Executive’s Start Date (the first Tuesday of the month or the next trading day thereafter if the market is closed); and 
 (ii) 200,000
restricted stock units. The restricted stock units will vest over a four-year period with 50% vesting twenty-four months after the grant date and an additional 25% vesting each twelve-month period thereafter. Executive’s restricted stock unit
grant will be submitted to the Compensation Committee for grant on the Committee’s first quarterly pre-selected dates after Executive’s Start Date (May 27th, given that the market is closed on May 25 and May 26 in 2008). In the
U.S., restricted stock units are taxed upon vest. The Company will discuss with Executive alternatives available to the Company’s executive officers to settle the tax liability. 
 (b) Future grants. The Company also considers granting equity awards as part of its annual performance review process, which currently occurs in
the first calendar quarter. Any future equity awards to Executive are purely discretionary and are subject to approval by the Board of Directors. No representation is made with regard to the existence or price or other terms of any future equity
awards. 
  

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 (c) Stock Ownership Requirement. As part of its corporate governance initiatives, the Company has
instituted stock ownership requirements for its executive officers and directors. Based on the current guidelines, Executive must hold an amount of the Company’s common stock equal to 100% of his Base Salary by the fifth anniversary of
Executive’s initial grant of restricted stock units. In addition, shares obtained through option exercises and by participation in the Company’s Employee Stock Purchase Plan may be used to meet the above described ownership requirement.
The Board reserves the right to change the stock ownership requirement in the future as it deems appropriate. 
 5. Benefits. During
the Employment Period, Executive shall be eligible to participate in: 
 (a) Health and Welfare: medical, dental, life and disability
insurance, and 401(k) plans in accordance with their terms and conditions. Executive shall be required to pay the employee’s contribution for the specific benefits he selects for himself and any other eligible dependents and for any excess or
supplemental life or disability coverage for himself or his family. The administration of benefits is within the Company’s sole discretion and benefits may be subject to change from time to time as deemed necessary by the Company. 

(b) Vacation and Sick Leave: Five weeks of paid vacation per year which will be accrued in accordance with the Company’s policies,
including without limitation, caps on accrual. Executive will also receive sick leave and paid holidays in accordance with the Company’s standard policies which the Company may alter at any time in the future. 
 (c) Tax and Immigration Services: Executive shall be required to travel frequently to the Company’s primary sites, including among others,
Burnaby, British Columbia. There may be tax and immigration consequences arising from this requirement. The Company shall provide Executive with tax consultation services which will include tax filing preparation if Executive is required to file
taxes in jurisdictions other than those in which Executive currently files. Executive is required to pay all employment related income taxes regardless of the jurisdiction in which taxes are owed. The Company will also provide support obtaining the
necessary visas. 
 (d) Expenses: Executive shall be entitled to reimbursement for all reasonable expenses incurred by Executive
associated with the conduct of Company’s business in accordance with Company’s policies, including without limitation, the expenses described in Section 6 (Relocation) below. Such reimbursements shall be subject to the Company’s
then-existing policies and procedures for reimbursement of business expenses, including timely submission of written requests for reimbursement, accompanied by supporting receipts. If such expense qualifies for reimbursement, then the Company will
reimburse Executive for that expense within thirty business days thereafter and in no event later than March 15 of the year following the year in which the expense was incurred. The amount of any expenses reimbursed (including any relocation
expenses) or in-kind-benefits in one year shall not affect the amount eligible for reimbursement or in-kind benefits in any subsequent year and Executive’s right to reimbursement of any such expenses or in-kind benefits shall not be subject to
liquidation or exchange for any other benefit. 
  

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 (e) Employee Stock Purchase Plan (ESPP): Executive may participate in the Company’s ESPP
according to its terms and conditions. The Company reserves the right to alter or terminate ESPP benefits at any time in the future. 
 6.
Relocation. On or before March 31, 2009, Executive shall begin efforts to relocate Executive’s family to the greater San Francisco Bay area, such relocation to be completed by the first anniversary of Executive’s Start Date.
Reasonable expenses incurred by Executive in connection such relocation shall be reimbursed to Executive in accordance with the Company’s relocation policy up to a maximum of $300,000 (the “Relocation Cap”). Reimbursements shall be
“grossed-up” to account for income taxes (if any) incurred by Executive in connection with reimbursement of relocation expenses by the Company and the “grossed-up” amounts are included in the Relocation Cap. Any
such gross-up amounts shall be paid on March 15 of the year following the year of reimbursement or as soon as practicable thereafter but in no event later than the end of the calendar year in which such payment date occurs. According to the
Company’s relocation policy, relocation must be repaid on a pro rata basis if the Executive resigns for any reason, except in connection with a Constructive Termination. 
 7. Indemnification. Effective as of the Start Date, the Company shall indemnify Executive in accordance with the terms and conditions of the
Indemnification Agreement, attached as Exhibit A to this Agreement and incorporated herein. Executive will also be a named insured on D&O liability insurance policies. 
 8. Termination of Employment. The Company may terminate Executive’s employment during the Employment Period with or without Cause (as defined
in Section 12(a) below). Executive may choose to terminate his employment with the Company because of a Constructive Termination (as defined in Section 12(d) below) or because Company has materially breached this Agreement and the Company
has failed to cure the breach after receipt of written notice describing the breach and the intention to resign within 30 days if not cured (“Good Reason”). Unless Executive resigns for Good Reason or a Constructive Termination, Executive
shall not be entitled to any separation benefits other than Base Salary through the termination date, accrued and unpaid vacation, any reimbursements of previously submitted expenses and return of contribution to ESPP, if participating. 

9. Separation Benefits. If the Company terminates Executive’s employment without Cause, or Executive terminates his employment by reason
of a Constructive Termination (defined in Section 12(d) below), and provided there has not been a Change of Control (defined in Section 12(b) below), and provided further that Executive signs the General Release provided in Exhibit
B (the “Release”) within 21 days following such termination and such Release becomes effective after the application of any revocation period, Executive shall be entitled to the following separation benefits: 
 (a) a cash payment to be paid in accordance with Section 11 of this Agreement equal to the aggregate of: 
 (i) one year of Executive’s then current Base Salary; and 
  

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 (ii) the amount of bonuses received by Executive under STIP (or any successor cash incentive program)
for the last STIP periods totaling 12 months preceding the termination date; 
 (b) Upon Executive’s timely election to receive continued
health care coverage under Internal Revenue Code Section 4980B (“COBRA”), Executive shall be provided with continued coverage under the Company’s group health plan at the Company’s expense for the benefit of Executive and
his eligible dependents until the earlier to occur of (a) the expiration of the twelve (12)-month period measured from Executive’s termination date or (b) the first date on which Executive and his eligible dependents are
covered under another employer’s health benefit program without exclusion for any pre-existing medical condition. Any additional healthcare coverage to which Executive and his dependents may be entitled under COBRA following the period of such
continued coverage shall be at Executive’s and/or his dependents’ sole cost and expense; and 
 (c) Acceleration in vesting by 18
months of all equity awards (options and restricted stock units) that are outstanding and unvested as of Executive’s Separation from Service (as defined in Section 12(e) below) and twelve (12) months from Executive’s Separation
from Service to exercise all options that are outstanding as of the Separation from Service, or the remaining term of the option, whichever is shorter. After giving effect to the foregoing acceleration in vesting, all equity grants that are unvested
as of the date of Separation from Service shall be immediately cancelled. 
 10. Change of Control Benefits. 
 (a) Separation from Service in connection with a Change of Control. If the Company terminates Executive’s employment without Cause, or
Executive terminates his employment by reason of a Constructive Termination, and a Change in Control (or the signing of a binding agreement which could result in a Change in Control) is reasonably expected within the next 60 days or has occurred in
the past two years, then, provided that Executive executes a General Release provided in Exhibit B within 21 days following such termination and such Release becomes effective after the application of any revocation period, Executive shall be
entitled to the following separation benefits: 
 (i) a cash payment equal to two times Executive’s then-current Base Salary;

 (ii) a cash payment equal to the total of bonuses received by Executive for the STIP periods totaling 12 months preceding the termination
date; 
 (iii) full acceleration in vesting of all equity awards (options and restricted stock units) that are outstanding and unvested as of
the Separation from Service; and; 
 (iv) twelve (12) months from Executive’s Separation from Service to exercise all vested
options or the remaining term of the option, whichever is shorter. 
  

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 (b) Accelerated Benefits After Change in Control. If on the first anniversary of a Change in
Control Executive is employed by Company or its successor, then Executive will receive the payment and benefits under Section 10(a)(i)-(iv) as if Executive had been terminated without Cause on such date, whether or not Executive’s
employment continues after such date. After payment under this Section 10(b), the Company will have fully satisfied its obligation to pay Executive severance benefits under Sections 9 or 10 of this Agreement, regardless of any subsequent
termination or Constructive Termination related to a Change in Control or otherwise. 
 11. Payment of Benefits under Sections 9 and
10. 
 (a) Subject to the deferral provisions of subsection (b) below, payment of benefits under Sections 9 or 10 above shall be made
by lump sum within 90 days following Executive’s Separation from Service (but in no event later than March 15 of the calendar year following the date of Executive’s Separation from Service.) 
 (b) Notwithstanding any provision to the contrary in this Agreement, no payments or benefits to which Executive becomes entitled under Sections 9 and 10
of this Agreement shall be made or paid to Executive prior to the earlier of (i) the expiration of the 6 month period measured from the date of his Separation from Service or (ii) the date of Executive’s death, if the Executive is
deemed at the time of such Separation from Service a “key employee” within the meaning of that term under Section 416(i) of the Internal Revenue Code of 1986, as amended (the “Code”), and such delayed commencement is
otherwise required in order to avoid a prohibited distribution under Code Section 409A(a)(2). Upon the expiration of the applicable Code Section 409A(a)(2) deferral period, all payments deferred pursuant to this Section 11 shall be
paid in a lump sum to Executive, and any remaining payments due under this Agreement shall be paid in accordance with the normal payment dates specified for them herein. 
 (c) Golden Parachute Excise Tax. If the payments and benefits provided for in this Agreement or otherwise payable to Executive constitute “parachute payments” within the meaning of Section 280G of the
Code and will be subject to the excise tax imposed by Section 4999 of the Code, then those payments and benefits shall be subject to reduction to the extent necessary to assure that the payments and benefits provided Executive under this
Agreement will be limited to the greater of (i) the amount of payments and benefits which can be provided without triggering a parachute payment under Code Section 280G or (ii) the maximum dollar amount of payments and
benefits which can be provided under this Agreement so as to provide Executive with the greatest after-tax amount of such payments and benefits after taking into account any excise tax the Executive may incur under Code Section 4999 with
respect to those payments and benefits and any other benefits or payments to which the Executive may be entitled in connection with any change in control or ownership of the Company or the subsequent termination of his employment. Unless the Company
and Executive otherwise agree in writing, any determination required under this Section 11 shall be made in writing in good faith by the accounting firm serving as the Company’s independent public accountants immediately prior to the
triggering event (the “Accountants”). For purposes of making the calculations required by this Section 11, the Accountants may make reasonable assumptions and approximations concerning applicable taxes and may rely on reasonable, good
faith interpretations concerning the application of Sections 280G and 4999 of the Code. The Company and Executive shall furnish to the Accountants such information and documents as the Accountants may reasonably request in order to make a
determination under this Section. The Company shall bear all costs the Accountants may reasonably incur in connection with any calculations contemplated by this Section 11. 
  

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 12. Definitions Associated with Separation from Service. 
 (a) “Cause” means (i) gross dereliction of duties which continues after at least two notices, each 30 days apart, from a director
designated by a majority of the board of directors, specifying in reasonable detail the tasks which must be accomplished and a timeline for their accomplishment to avoid termination for Cause, (ii) willful and gross misconduct which injures the
Company, (iii) willful and material violation of laws applicable to the Company which is injurious to the Company and which is committed without good faith belief by Employee in the lawfulness of his conduct; (iv) embezzlement or theft of
Company property or (v) commission of a felony. 
 (b) “Change of Control” means the occurrence of any of the following
events: 
 (i) Any “person” or “group” as such terms are defined under Sections 13 and 14 of the Securities Exchange Act
of 1934 (“Exchange Act”) (other than the Company, a subsidiary of the Company, or a Company employee benefit plan) is or becomes the “beneficial owner” (as defined in Exchange Act Rule 13d 3), directly or indirectly, of Company
securities representing 50% or more of the combined voting power of the Company’s then outstanding securities. 
 (ii) The closing of
(A) the sale of all or substantially all of the assets of the Company if the holders of Company securities representing all voting power for the election of directors before the transaction hold less than a majority of the total voting power
for the election of directors of all entities which acquire such assets, or (B) the merger of the Company with or into another corporation if the holders of Company securities representing all voting power for the election of directors before
the transaction hold less than a majority of the total voting power for the election of directors of the surviving entity. 
 (iii) The
issuance of securities which would give a person or group beneficial ownership of Company securities representing 50% or more of all voting power for the election of directors. 
 (iv) A change in the board of directors such that the incumbent directors and nominees of the incumbent directors are no longer a majority of the total
number of directors. 
 (c) “Competitor” means a business anywhere in the world which derives ten percent (10%) or more
of its revenues from developing, manufacturing, marketing or selling any products which directly compete with the products manufactured, marketed or sold by the Company or its subsidiaries as of the date Executive’s employment agreement
terminates. 
 (d) “Constructive Termination” means Executive’s resignation within three months following the occurrence
of any of the following events without Executive’s approval: (i) a material reduction in Executive’s base compensation, target bonus or benefits, (ii) a material reduction in Executive’s authority, duties or
responsibilities, (iii) a material relocation of Executive’s 

  

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principal place of employment by a relocation of more than 100 miles from the Company’s Corporate Headquarters in Santa Clara, CA; or (iv) a breach
of this Agreement by the Company. In order to claim Constructive Termination, Executive must provide written notice to the Company of the existence of a condition described in clause (i), (ii) or (iii) within ninety (90) days of the
initial existence of the condition, and provide at least thirty (30) days from the Company’s receipt of such notice for the Company to remedy such condition. 
 (e) “Separation from Service” means shall mean the cessation of Executive’s status as an employee of the Company and shall be deemed to occur at such time as the level of the bona fide services
Executive is to perform as an employee (or as a consultant or other independent contractor) permanently decreases to a level that is not more than twenty percent (20%) of the average level of services Executive rendered in employee status
during the immediately preceding thirty-six (36) months (or such shorter period for which Executive may have rendered such service). Any such determination as to Separation from Service, however, shall be made in accordance with the applicable
standards of the Treasury Regulations issued under Section 409A of the Code. 
 13. Proprietary Information Agreement. Executive
remains bound by the terms of the PMC Sierra Confidential Information, Inventions Assignment and Arbitration Agreement (the “Confidentiality and Arbitration Agreement”) executed as a pre-condition to employment at the Company a copy of
which is attached hereto as Exhibit C and incorporated herein by reference. 
 14. Non-Compete. In consideration of receipt of
separation benefits received under Sections 9 or 10 above, and conditioned upon the payment thereof, Executive agrees that until the later of one year after the date Executive’s employment terminates, Executive will not, as an employee, agent,
consultant, advisor, independent contractor, general partner, officer, director, stockholder, investor or in any other capacity directly engage in work for, provide services or assistance to, or own a more than 25% voting interest in any Competitor
of the Company, provided that, after consultation with Executive, the Company shall have determined that the proposed engagement conflicts with the interests of the Company. 
 15. Miscellaneous. 
 (a)
Assignment. This Agreement shall bind and benefit (a) Executive’s heirs, executors and legal representatives upon Executive’s death to the extent the benefit is due and payable at the time of Executive’s death and
(b) any successor of the Company. Any such successor of the Company shall be deemed substituted for the Company under the terms of this Agreement for all purposes. “Successor” shall include any person, firm, corporation or other
business entity which at any time, whether by purchase, merger or otherwise, directly or indirectly acquires all or substantially all of the assets or business of the Company. Executive has no other right to assign this Agreement and any such
attempted assignment is void. 
 (b) Notices. All notices, requests, demands and other communications under this Agreement shall be in
writing and shall be deemed given if (i) delivered personally, (ii) one day after being sent by Federal Express or a similar commercial overnight service, or (iii) three days after being mailed by registered or certified mail, return
receipt requested, prepaid and addressed to Company at its principal office, attention: General Counsel, or to Executive at his last principal residence known to the Company, or at such other addresses as the parties may designate by written notice.

  

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 (c) Withholding. The Company may withhold from any amounts payable under this Agreement such
Federal, state, local or foreign taxes as shall be required to be withheld pursuant to any applicable law or regulations. 
 (d)
Severability. In the event that any provision hereof becomes or is declared by a court of competent jurisdiction to be illegal, unenforceable or void, this Agreement shall continue in full force and effect without said provision. 

(e) Entire Agreement. With the exception of the Indemnification Agreement (Exhibit A), the General Release of Claims (Exhibit B)
executed as a condition to receiving certain separation benefits hereunder, the Confidential Information, Invention Assignment and Arbitration Agreement (Exhibit C), this Agreement constitutes the entire Agreement between Executive and the
Company with respect to any matters referred to herein. This Agreement supersedes any and all of the other agreements between Executive and the Company except as referenced herein. No other consideration, agreements, representations, oral
statements, understandings or course of conduct which are not expressly set forth in this Agreement should be implied or are binding. Executive shall not be entitled to any other compensation or benefits from the Company for any termination or
Separation from Service except as provided herein and to the extent provided under any written Company benefit plan, stock option agreement, or as may be required under applicable law. 
 (f) No Oral Modification, Cancellation or Discharge. This Agreement may only be amended, canceled or discharged in writing signed by Executive and
a member of the Board. 
 (g) Governing Law. This Agreement shall be governed by the laws of the State of Delaware (with the exception
of its conflict of laws provisions). 
 (h) Arbitration and Equitable Relief. Executive agrees that any and all controversies, claims,
or disputes with anyone (including the Company and any employee, officer, director, shareholder or benefit plan of the Company in their capacity as such or otherwise) arising out of, relating to, or resulting from my employment with the Company or
the termination or Separation from Service with the Company, including any breach of this Agreement, shall be subject to binding arbitration and Equitable Relief as further provided in Section 9 of the Confidential Information, Invention
Assignment and Arbitration Agreement (Exhibit C). 
 IN WITNESS WHEREOF, Executive has hereunto set his hand and, pursuant to the
authorization form its Board of Directors, the Company has caused this Agreement to be executed in its name and on its behalf. 
  

					
	PMC-SIERRA, INC.	 		 	EXECUTIVE:
			
	/s/ Jonathan J. Judge	 		 	/s/ Gregory Lang
	 Jonathan J. Judge,
 Compensation Committee Chairperson

 Date: 4/1/08
	 		 	 Gregory Lang
  
 Date: 3/31/08

  

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 EXHIBIT A 
 to the Executive Employment Agreement of Gregory Lang 
 PMC-SIERRA, INC. 
 INDEMNIFICATION AGREEMENT 
 THIS
AGREEMENT is entered into by and between PMC-Sierra, a Delaware corporation (the “Company”), and Gregory Lang (“Indemnitee”) effective as of Indemnitee’s Start Date as identified in the Executive Employment Agreement.

 WHEREAS, it is essential to the Company to retain and attract as directors and officers the most capable persons available; 
 WHEREAS, Indemnitee is a director and/or officer of the Company; 
 WHEREAS, both the Company and Indemnitee recognize the increased risk of litigation and other claims currently being asserted against directors and officers of corporations; 
 WHEREAS, the Certificate of Incorporation and Bylaws of the Company require the Company to indemnify and advance expenses to its directors and officers
to the fullest extent permitted under Delaware law, and the Indemnitee has been serving and continues to serve as a director and/or officer of the Company in part in reliance on the Company’s Certificate of Incorporation and Bylaws; and

 WHEREAS, in recognition of Indemnitee’s need for (i) substantial protection against personal liability based on
Indemnitee’s reliance on the aforesaid Certificate of Incorporation and Bylaws, (ii) specific contractual assurance that the protection promised by the Certificate of Incorporation and Bylaws will be available to Indemnitee (regardless of,
among other things, any amendment to or revocation of the Certificate of Incorporation and Bylaws or any change in the composition of the Company’s Board of Directors or acquisition transaction relating to the Company), and (iii) an
inducement to provide effective services to the Company as a director and/or officer, the Company wishes to provide in this Agreement for the indemnification of and the advancing of expenses to Indemnitee to the fullest extent (whether partial or
complete) permitted under Delaware, California or United States law and as set forth in this Agreement, and, to the extent insurance is maintained, to provide for the continued coverage of Indemnitee under the Company’s directors’ and
officers’ liability insurance policies. 
 NOW, THEREFORE, in consideration of the above premises and of Indemnitee continuing to serve
the Company directly or, at its request, with another enterprise, and intending to be legally bound hereby, the parties agree as follows: 
 1. Certain Definitions: 
 (a) Board: the Board of Directors of the Company. 
 (b) Affiliate: any corporation or other person or entity that directly, or indirectly through one or more intermediaries, controls or is controlled
by, or is under common control with, the person specified. 
  

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 (c) Change in Control: shall be deemed to have occurred if (i) any “person” (as
such term is used in Sections 13(d) and 14(d) of the Securities Exchange Act of 1934, as amended (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, and other than any person holding shares of the Company on the date that the Company first
registers under the Act or any transferee of such individual if such transferee is a spouse or lineal descendant of the transferee or a trust for the benefit of the individual, his spouse or lineal descendants), is or becomes the “beneficial
owner” (as defined in Rule 13d 3 under the Exchange Act), directly or indirectly, of securities of the Company representing 30% or more of the total voting power represented by the Company’s then outstanding Voting Securities, or
(ii) during any period of two consecutive years, individuals who at the beginning of such period constitute the Board and any new director whose election by the Board 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 of the Board, or (iii) the stockholders of the Company approve a merger or consolidation of the Company with any other entity, 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 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 (iv) 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 (in one
transaction or a series of transactions) of all or substantially all of the Company’s assets. 
 (d) Expenses: any expense,
liability, or loss, including attorneys’ fees, judgments, fines, ERISA excise taxes and penalties, amounts paid or to be paid in settlement, any interest, assessments, or other charges imposed thereon, any federal, state, local, or foreign
taxes imposed as a result of the actual or deemed receipt of any payments under this Agreement, and all other costs and obligations, paid or incurred in connection with investigating, defending, being a witness in, participating in (including on
appeal), or preparing for any of the foregoing in, any Proceeding relating to any Indemnifiable Event. 
 (e) Indemnifiable Event: any
event or occurrence that takes place either prior to or after the execution of this Agreement, related to the fact that Indemnitee is or was a director or officer of the Company, or while a director or officer is or was serving at the request of the
Company as a director, officer, employee, trustee, agent, or fiduciary of another foreign or domestic corporation, partnership, joint venture, employee benefit plan, trust, or other enterprise, or was a director, officer, employee, or agent of a
foreign or domestic corporation that was a predecessor corporation of the Company or of another enterprise at the request of such predecessor corporation, or related to anything done or not done by Indemnitee in any such capacity, whether or not the
basis of the Proceeding is alleged action in an official capacity as a director, officer, employee, or agent or in any other capacity while serving as a director, officer, employee, or agent of the Company, as described above. 
  

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 (f) Independent Counsel: the person or body appointed in connection with Section 3.

 (g) Proceeding: any threatened, pending, or completed action, suit, or proceeding or any alternative dispute resolution mechanism
(including an action by or in the right of the Company), or any inquiry, hearing, or investigation, whether conducted by the Company or any other party, that Indemnitee in good faith believes might lead to the institution of any such action, suit,
or proceeding, whether civil, criminal, administrative, investigative, or other. 
 (h) Reviewing Party: the person or body appointed
in accordance with Section 3. 
 (i) Voting Securities: any securities of the Company that vote generally in the election of
directors. 
 2. Agreement to Indemnify. 
 (a) General Agreement. In the event Indemnitee was, 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, a Proceeding by
reason of (or arising in part out of) an Indemnifiable Event, the Company shall indemnify Indemnitee from and against any and all Expenses to the fullest extent permitted by law, as the same exists or may hereafter be amended or interpreted (but in
the case of any such amendment or interpretation, only to the extent that such amendment or interpretation permits the Company to provide broader indemnification rights than were permitted prior thereto). The parties hereto intend that this
Agreement shall provide for indemnification in excess of that expressly permitted by statute, including, without limitation, any indemnification provided by the Company’s Certificate of Incorporation, its Bylaws, vote of its shareholders or
disinterested directors, or applicable law. 
 (b) Initiation of Proceeding. Notwithstanding anything in this Agreement to the
contrary, Indemnitee shall not be entitled to indemnification pursuant to this Agreement in connection with any Proceeding initiated by Indemnitee against the Company or any director or officer of the Company unless (i) the Company has joined
in or the Board has consented to the initiation of such Proceeding; (ii) the Proceeding is one to enforce indemnification rights under Section 5; or (iii) the Proceeding is instituted after a Change in Control (other than a Change in
Control approved by a majority of the directors on the Board who were directors immediately prior to such Change in Control) and Independent Counsel has approved its initiation. 
 (c) Expense Advances. If so requested by Indemnitee, the Company shall advance (within ten business days of such request) any and all Expenses to
Indemnitee (an “Expense Advance”). The Indemnitee shall qualify for such Expense Advances upon the execution and delivery to the Company of this Agreement which shall constitute an undertaking providing that the Indemnitee undertakes to
repay such Expense Advances if and to the extent that it is ultimately determined by a court of competent jurisdiction in a final judgment, not subject to appeal, that Indemnitee is not entitled to be indemnified by the Company. Indemnitee’s
obligation to reimburse the Company for Expense Advances shall be unsecured and no interest shall be charged thereon. 
  

 A-3 

 (d) Mandatory Indemnification. Notwithstanding any other provision of this Agreement, to the
extent that Indemnitee has been successful on the merits or otherwise in defense of any Proceeding relating in whole or in part to an Indemnifiable Event or in defense of any issue or matter therein, Indemnitee shall be indemnified against all
Expenses incurred in connection therewith. 
 (e) Partial Indemnification. If Indemnitee is entitled under any provision of this
Agreement to indemnification by the Company for some or a portion of Expenses, but not, however, for the total amount thereof, the Company shall nevertheless indemnify Indemnitee for the portion thereof to which Indemnitee is entitled. 

(f) Prohibited Indemnification. No indemnification pursuant to this Agreement shall be paid by the Company on account of any Proceeding in which
judgment is rendered against Indemnitee for an accounting of profits made from the purchase or sale by Indemnitee of securities of the Company pursuant to the provisions of Section 16(b) of the Securities Exchange Act of 1934, as amended, or
similar provisions of any federal, state, or local laws. 
 3. Reviewing Party. Prior to any Change in Control, the Reviewing Party
shall be any appropriate person or body consisting of a member or members of the Board or any other person or body appointed by the Board who is not a party to the particular Proceeding with respect to which Indemnitee is seeking indemnification;
after a Change in Control, the Independent Counsel referred to below shall become the Reviewing Party. With respect to all matters arising after a Change in Control (other than a Change in Control approved by a majority of the directors on the Board
who were directors immediately prior to such Change in Control) concerning the rights of Indemnitee to indemnity payments and Expense Advances under this Agreement or any other agreement or under applicable law or the Company’s Certificate of
Incorporation or Bylaws now or hereafter in effect relating to indemnification for Indemnifiable Events, the Company shall seek legal advice only from Independent Counsel selected by Indemnitee and approved by the Company (which approval shall not
be unreasonably withheld), and who has not otherwise performed services for the Company or the Indemnitee (other than in connection with indemnification matters) within the last five years. The Independent Counsel shall not include any person who,
under the applicable standards of professional conduct then prevailing, would have a conflict of interest in representing either the Company or Indemnitee in an action to determine Indemnitee’s rights under this Agreement. Such counsel, among
other things, shall render its written opinion to the Company and Indemnitee as to whether and to what extent the Indemnitee should be permitted to be indemnified under applicable law. The Company agrees to pay the reasonable fees of the Independent
Counsel and to indemnify fully such counsel against any and all expenses (including attorneys’ fees), claims, liabilities, loss, and damages arising out of or relating to this Agreement or the engagement of Independent Counsel pursuant hereto.

  

 A-4 

 4. Indemnification Process and Appeal. 
 (a) Indemnification Payment. Indemnitee shall be entitled to indemnification of Expenses, and shall receive payment thereof, from the Company in
accordance with this Agreement as soon as practicable after Indemnitee has made written demand on the Company for indemnification, unless the Reviewing Party has given a written opinion to the Company that Indemnitee is not entitled to
indemnification under applicable law. 
 (b) Suit to Enforce Rights. Regardless of any action by the Reviewing Party, if Indemnitee has
not received full indemnification within thirty days after making a demand in accordance with Section 4(a), Indemnitee shall have the right to enforce its indemnification rights under this Agreement by commencing litigation in any court in the
State of California or the State of Delaware having subject matter jurisdiction thereof seeking an initial determination by the court or challenging any determination by the Reviewing Party or any aspect thereof. The Company hereby consents to
service of process and to appear in any such proceeding. Any determination by the Reviewing Party not challenged by the Indemnitee shall be binding on the Company and Indemnitee. The remedy provided for in this Section 4 shall be in addition to
any other remedies available to Indemnitee at law or in equity. 
 (c) Defense to Indemnification, Burden of Proof, and Presumptions.
It shall be a defense to any action brought by Indemnitee against the Company to enforce this Agreement (other than an action brought to enforce a claim for Expenses incurred in defending a Proceeding in advance of its final disposition) that it is
not permissible under applicable law for the Company to indemnify Indemnitee for the amount claimed. In connection with any such action or any determination by the Reviewing Party or otherwise as to whether Indemnitee is entitled to be indemnified
hereunder, the burden of proving such a defense or determination shall be on the Company. Neither the failure of the Reviewing Party or the Company (including its Board, independent legal counsel, or its stockholders) to have made a determination
prior to the commencement of such action by Indemnitee that indemnification of the claimant is proper under the circumstances because Indemnitee has met the standard of conduct set forth in applicable law, nor an actual determination by the
Reviewing Party or Company (including its Board, independent legal counsel, or its stockholders) that the Indemnitee had not met such applicable standard of conduct, shall be a defense to the action or create a presumption that the Indemnitee has
not met the applicable standard of conduct. For purposes of this Agreement, the termination of any claim, action, suit, or proceeding, by judgment, order, settlement (whether with or without court approval), conviction, or upon a plea of nolo
contendere, or its equivalent, shall not create a presumption that Indemnitee 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.

 5. Indemnification for Expenses Incurred in Enforcing Rights. The Company shall indemnify Indemnitee against any and all Expenses
that are incurred by Indemnitee in connection with any action brought by Indemnitee for 
 (i) indemnification or advance payment of Expenses
by the Company under this Agreement or any other agreement or under applicable law or the Company’s Certificate of Incorporation or Bylaws now or hereafter in effect relating to indemnification for Indemnifiable Events, and/or 
  

 A-5 

 (ii) recovery under directors’ and officers’ liability insurance policies maintained by the
Company, but only in the event that Indemnitee ultimately is determined to be entitled to such indemnification or insurance recovery, as the case may be. In addition, the Company shall, if so requested by Indemnitee, advance the foregoing Expenses
to Indemnitee, subject to and in accordance with Section 2(c). 
 6. Notification and Defense of Proceeding. 
 (a) Notice. Promptly after receipt by Indemnitee of notice of the commencement of any Proceeding, Indemnitee shall, if a claim in respect thereof
is to be made against the Company under this Agreement, notify the Company of the commencement thereof; but the omission so to notify the Company will not relieve the Company from any liability that it may have to Indemnitee, except as provided in
Section 6(c). 
 (b) Defense. With respect to any Proceeding as to which Indemnitee notifies the Company of the commencement
thereof, the Company will be entitled to participate in the Proceeding at its own expense and except as otherwise provided below, to the extent the Company so wishes, it may assume the defense thereof with counsel reasonably satisfactory to
Indemnitee. After notice from the Company to Indemnitee of its election to assume the defense of any Proceeding, the Company shall not be liable to Indemnitee under this Agreement or otherwise for any Expenses subsequently incurred by Indemnitee in
connection with the defense of such Proceeding other than reasonable costs of investigation or as otherwise provided below. Indemnitee shall have the right to employ legal counsel in such Proceeding, but all Expenses related thereto incurred after
notice from the Company of its assumption of the defense shall be at Indemnitee’s expense unless: (i) the employment of legal counsel by Indemnitee has been authorized by the Company, (ii) Indemnitee has reasonably determined that
there may be a conflict of interest between Indemnitee and the Company in the defense of the Proceeding, (iii) after a Change in Control (other than a Change in Control approved by a majority of the directors on the Board who were directors
immediately prior to such Change in Control), the employment of counsel by Indemnitee has been approved by the Independent Counsel, or (iv) the Company shall not in fact have employed counsel to assume the defense of such Proceeding, in each of
which cases all Expenses of the Proceeding shall be borne by the Company. The Company shall not be entitled to assume the defense of any Proceeding brought by or on behalf of the Company or as to which Indemnitee shall have made the determination
provided for in (ii), (iii) and (iv) above. 
 (c) Settlement of Claims. The Company shall not be liable to indemnify
Indemnitee under this Agreement or otherwise for any amounts paid in settlement of any Proceeding effected without the Company’s written consent, such consent not to be unreasonably withheld; provided, however, that if a Change in Control has
occurred (other than a Change in Control approved by a majority of the directors on the Board who were directors immediately prior to such Change in Control), the Company shall be liable for indemnification of Indemnitee for amounts paid in
settlement if the Independent Counsel has approved the settlement. The Company shall not settle any Proceeding in any manner that would impose any penalty or 

  

 A-6 

 
limitation on Indemnitee without Indemnitee’s written consent. The Company shall not be liable to indemnify the Indemnitee under this Agreement with
regard to any judicial award if the Company was not given a reasonable and timely opportunity, at its expense, to participate in the defense of such action; the Company’s liability hereunder shall not be excused if participation in the
Proceeding by the Company was barred by this Agreement. 
 7. Establishment of Trust. In the event of a Change in Control (other than
a Change in Control approved by a majority of the directors on the Board who were directors immediately prior to such Change in Control) the Company shall, upon written request by Indemnitee, create a Trust for the benefit of the Indemnitee and from
time to time upon written request of Indemnitee shall fund the Trust in an amount sufficient to satisfy any and all Expenses reasonably anticipated at the time of each such request to be incurred in connection with investigating, preparing for,
participating in, and/or defending any Proceeding relating to an Indemnifiable Event. The amount or amounts to be deposited in the Trust pursuant to the foregoing funding obligation shall be determined by the Independent Counsel. The terms of the
Trust shall provide that (i) the Trust shall not be revoked or the principal thereof invaded without the written consent of the Indemnitee, (ii) the Trustee shall advance, within ten business days of a request by the Indemnitee, any and
all Expenses to the Indemnitee (and the Indemnitee hereby agrees to reimburse the Trust under the same circumstances for which the Indemnitee would be required to reimburse the Company under Section 2(c) of this Agreement), (iii) the Trust
shall continue to be funded by the Company in accordance with the funding obligation set forth above, (iv) the Trustee shall promptly pay to the Indemnitee all amounts for which the Indemnitee shall be entitled to indemnification pursuant to
this Agreement or otherwise, and (v) all unexpended funds in the Trust shall revert to the Company upon a final determination by the Independent Counsel or a court of competent jurisdiction, as the case may be, that the Indemnitee has been
fully indemnified under the terms of this Agreement. The Trustee shall be chosen by the Indemnitee. Nothing in this Section 7 shall relieve the Company of any of its obligations under this Agreement. All income earned on the assets held in the
Trust shall be reported as income by the Company for federal, state, local, and foreign tax purposes. The Company shall pay all costs of establishing and maintaining the Trust and shall indemnify the Trustee against any and all expenses (including
attorneys’ fees), claims, liabilities, loss, and damages arising out of or relating to this Agreement or the establishment and maintenance of the Trust. 
 8. Non-Exclusivity. The rights of Indemnitee hereunder shall be in addition to any other rights Indemnitee may have under the Company’s Certificate of Incorporation, Bylaws, applicable law, or otherwise;
provided, however, that this Agreement shall supersede any prior indemnification agreement between the Company and the Indemnitee. To the extent that a change in applicable law (whether by statute or judicial decision) permits greater
indemnification than would be afforded currently under the Company’s Certificate of Incorporation, Bylaws, applicable law, or this Agreement, it is the intent of the parties that Indemnitee enjoy by this Agreement the greater benefits so
afforded by such change. 
 9. Liability Insurance. To the extent the Company maintains an insurance policy or policies providing
general and/or directors’ and officers’ liability insurance, Indemnitee shall be covered by such policy or policies, in accordance with its or their terms, to the maximum extent of the coverage available for any Company director or
officer. 
  

 A-7 

 10. Period of Limitations. No legal action shall be brought and no cause of action shall be
asserted by or on behalf of the Company or any Affiliate of the Company against Indemnitee, Indemnitee’s spouse, heirs, executors, or personal or legal representatives after the expiration of two years from the date of accrual of such cause of
action, or such longer period as may be required by state law under the circumstances. Any claim or cause of action of the Company or its Affiliate shall be extinguished and deemed released unless asserted by the timely filing and notice of a legal
action within such period; provided, however, that if any shorter period of limitations is otherwise applicable to any such cause of action, the shorter period shall govern. 
 11. Amendment of this Agreement. No supplement, modification, or amendment of this Agreement shall be binding unless executed in writing by both
of the parties hereto. No waiver of any of the provisions of this Agreement shall be binding unless in the form of a writing signed by the party against whom enforcement of the waiver is sought, and no such waiver shall operate as a waiver of any
other provisions hereof (whether or not similar), nor shall such waiver constitute a continuing waiver. Except as specifically provided herein, no failure to exercise or any delay in exercising any right or remedy hereunder shall constitute a waiver
thereof. 
 12. 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 Indemnitee, who shall execute all papers required and shall do everything that may be necessary to secure such rights, including the execution of such documents necessary to enable the Company effectively
to bring suit to enforce such rights. 
 13. No Duplication of Payments. The Company shall not be liable under this Agreement to make
any payment in connection with any claim made against Indemnitee to the extent Indemnitee has otherwise received payment (under any insurance policy, Bylaw, or otherwise) of the amounts otherwise indemnifiable hereunder. 
 14. 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 (including any direct or indirect successor by purchase, merger, consolidation, or otherwise to all or substantially all of the business and/or assets of the Company), assigns, spouses, heirs, and personal and legal representatives. 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 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. The indemnification
provided under this Agreement shall continue as to Indemnitee for any action taken or not taken while serving in an indemnified capacity pertaining to an Indemnifiable Event even though he may have ceased to serve in such capacity at the time of any
Proceeding. 
 15. Severability. If any provision (or portion thereof) of this Agreement shall be held by a court of competent
jurisdiction to be invalid, void, or otherwise unenforceable, the remaining provisions shall remain enforceable to the fullest extent permitted by law. Furthermore, to the fullest extent possible, the provisions of this Agreement (including, without

  

 A-8 

 
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, void, or unenforceable. 
 16. Governing Law. This Agreement shall be governed by and construed and enforced in accordance with the laws of the State of Delaware applicable to contracts made and to be performed in such State without giving effect to its
principles of conflicts of laws. 
 17. Notices. All notices, demands, and other communications required or permitted hereunder shall
be made in writing and shall be deemed to have been duly given if delivered by hand, against receipt, or mailed, postage prepaid, certified or registered mail, return receipt requested, and addressed to the Company at: 
 PMC-Sierra, Inc. 
 3975 Freedom Circle, Suite
100 
 Santa Clara, CA 95054 
 Attention: General Counsel 
 and to Indemnitee at: home address on file with Human Resources. 
 Notice of change of address shall be effective only when given in accordance with this Section. All notices complying with this Section shall be deemed to have been
received on the date of hand delivery or on the third business day after mailing. 
 18. Counterparts. This Agreement may be executed
in one or more counterparts, each of which shall be deemed an original, but all of which together shall constitute one and the same instrument. 
 IN WITNESS WHEREOF, the parties hereto have duly executed and delivered this Agreement as of the day specified above. 
  

			
	 PMC-SIERRA, INC.,
 a Delaware corporation

		
	By: 	 	/s/ Jonathan J. Judge
		 	 Jonathan J. Judge, Director and
 Chair of the
Compensation Committee

	
	INDEMNITEE
	
	 /s/ Gregory Lang
  

	Gregory Lang

  

 A-9 

 EXHIBIT B 
 to the Executive Employment Agreement of Gregory Lang 
 PMC-SIERRA, INC. 
 GENERAL RELEASE OF CLAIMS 
 THIS
GENERAL RELEASE OF CLAIMS must be accepted by Gregory Lang (“Executive”) as a precondition to receipt of certain separation benefits described in Sections 9 and 10 of the Executive Employment Agreement by and between Executive and
PMC-Sierra, Inc., (the “Company”). 
 WHEREFORE, on behalf of myself, my heirs, executors, administrators and assigns, I
(“Executive”) hereby make the following agreements and acknowledgements in exchange for benefits to be received by me under my Executive Employment Agreement (the “Agreement”). 
 NOW THEREFORE IT IS AGREED: 
 1. Executive
agrees that he fully and forever releases and discharges the Company and all of its parents, divisions, subsidiaries, affiliates, related entities, and their predecessors, successors, and past and present officers, directors, shareholders,
employees, agents, partners, attorneys, benefit plans, insurers, and representatives, (hereinafter “Releasees”) from any and all claims of whatever nature, except as noted below, whether known or unknown, which exist or may exist on
Executive’s behalf against Releasees as of the date of this Agreement, including but not limited to any and all tort claims, contract claims, equitable claims, breach of fiduciary duty claims, ERISA claims, wrongful termination claims, public
policy claims, retaliation claims, statutory claims, personal injury claims, emotional distress claims, invasion of privacy claims, defamation claims, fraud claims, quantum meruit claims, and any and all claims arising under any federal, state or
other governmental statute, law, regulation or ordinance covering discrimination in employment, including but not limited to Title VII of the Civil Rights Act of 1964, as amended, the Americans with Disabilities Act, the Age Discrimination in
Employment Act, and the California Fair Employment and Housing Act, including race, color, religious creed, national origin, ancestry, physical or mental disability, medical condition, marital status, sex, age, harassment, or retaliation.
Notwithstanding any provisions and covenants in this paragraph, Executive is not waiving any claim he may have against Releasees to: (a) to be paid in full all wages, salary and compensation earned as the date of termination and to be
reimbursed for all expenses incurred in the course of employment; (b) receive the Separation Benefits or Change of Control Benefits described in the Agreement; (b) unemployment; (c) state disability and/or workers’ compensation
insurance benefits; (d) my vested rights upon termination in certain of the Company’s group benefit plans pursuant to the federal law known as COBRA and the terms of the Company’s benefit plans; and (e) any right to
indemnification I may have under the Company’s Bylaws, Delaware, California, or Federal law or under the Indemnification Agreement between the Company and me. 
  

 B-1 

 Executive agrees that he fully and forever waives any and all rights and benefits conferred upon him by
the provisions of Section 1542 of the Civil Code of the State of California or any other similar state statute, which states as follows: 
 A general release does not extend to claims which the creditor does not know or suspect to exist in his favor at the time of executing the release, which if known by him must have materially affected his settlement with the debtor.

 Executive understands and agrees that this means that if, hereafter, he discovers facts different from or in addition to those which he
now knows or believes to be true, that the waivers and releases of this General Release shall be and remain effective in all respects subject to the exceptions in Section 1, notwithstanding such different or additional facts or the discovery of
such fact. 
 2. The parties agree that neither the fact nor any aspect of this General Release is intended, or should be construed at any
time, to be an admission of liability or wrongdoing by either Executive or by the Company. 
 3. The parties agree that if any provision, or
portion of a provision, of this General Release is, for any reason, held to be unenforceable, that such unenforceability will not affect any other provision, or portion of a provision, and this General Release shall be construed as if such
unenforceable provision or portion had never been contained herein. 
 4. Executive agrees that if he is receiving benefits under
Section 10(b) of the Agreement and is not separating from the Company at this time and that if he subsequently receives other separation benefits under the Agreement because of a subsequent Change of Control or for a different event under a
subsequent agreement, he will again be required to sign a general release. 
 5. Executive understands that he has twenty-one (21) days
after receipt of this General Release within which he may review and consider it, and should discuss it with an attorney of my own choosing, and decide whether or not to sign this General Release. He also understands that, for the period of seven
(7) days after he signs this General Release, he may revoke it by delivering a written notification of my revocation, no later than the seventh day, to: 
 General Counsel 
 3975 Freedom Circle, #100 
 Santa Clara, CA 95054 
 fax: 408-239-8166 
 Executive
further understands that the Effective Date of this General Release will be the eighth day after he has signed it, provided that he has delivered it to the Company and has not revoked it during the seven days after he signed it. He
understands that he will not receive the separation payment and other separation benefits if he revokes this General Release. 
 6. This
General Release, in all respects, shall be interpreted, enforced and governed by and under the laws of the State of Delaware. Any disputes regarding the enforcement or interpretation of this General Release shall be governed by binding arbitration,
under the terms of the Arbitration and Equitable Relief agreement previously signed by the Company and Executive. 
  

 B-2 

 7. This General Release contains the entire agreement between the Company and Executive with respect to
any matters referred to herein. 
 EXECUTIVE HAS READ THIS GENERAL RELEASE AND IS AUTHORIZED TO SIGN IT. NO RIGHTS HEREIN ARE ASSIGNED TO ANY OTHER
PERSON. EXECUTIVE HAS HAD THE OPPORTUNITY TO CONSULT WITH AN ATTORNEY OF HIS OWN CHOOSING BEFORE SIGNING IT AND SIGNS IT VOLUNTARILY: 
  

					
			
	Signed:
                                    , 2008	 		 	Executive’s Signature:
			
		 		 	_________________________________

  

 B-3 

 EXHIBIT C 
 to the Executive Employment Agreement of Gregory Lang 
 PMC-SIERRA, INC. 
 CONFIDENTIAL INFORMATION, INVENTION ASSIGNMENT 
 AND ARBITRATION AGREEMENT 
 As a condition of my employment with PMC-Sierra, Inc., its subsidiaries, affiliates, successors or assigns
(together the “Company”), and in consideration of my employment with the Company and my receipt of the compensation now and hereafter paid to me by Company, I agree to the following: 
 1. Confidential Information. 
 A.
Company Information. I agree at all times during the term of my employment and thereafter, to hold in strictest confidence, and not to use, except for the benefit of the Company, or to disclose to any person, firm or corporation without
written authorization of the Board of Directors of the Company, any Confidential Information of the Company, except under a non-disclosure agreement duly authorized and executed by the Company. I understand that “Confidential
Information” means any non-public information that relates to the actual or anticipated business or research and development of the Company, technical data, trade secrets or know-how, including, but not limited to, research, product plans
or other information regarding Company’s products or services and markets therefor, customer lists and customers (including, but not limited to, customers of the Company on whom I called or with whom I became acquainted during the term of my
employment), software, developments, inventions, processes, formulas, technology, designs, drawings, engineering, hardware configuration information, marketing, finances or other business information. I further understand that Confidential
Information does not include any of the foregoing items which have become publicly known and made generally available through no wrongful act of mine or of others who were under confidentiality obligations as to the item or items involved or
improvements or new versions thereof. 
 B. Former Employer Information. I agree that I will not, during my employment with the
Company, improperly use or disclose any proprietary information or trade secrets of any former or concurrent employer or other person or entity and that I will not bring onto the premises of the Company any unpublished document or proprietary
information belonging to any such employer, person or entity unless consented to in writing by such employer, person or entity. 
 C. Third
Party Information. I recognize that the Company has received and in the future will receive from third parties their confidential or proprietary information subject to a duty on the Company’s part to maintain the confidentiality of such
information and to use it only for certain limited purposes. I agree to hold all such confidential or proprietary information in the strictest confidence and not to disclose it to any person, firm or corporation or to use it except as necessary in
carrying out my work for the Company consistent with the Company’s agreement with such third party. 
  

 C-1 

 2. Inventions. 
 A. Inventions Retained and Licensed. I have attached hereto, as Schedule A, a list describing all inventions, original works
of authorship, developments, improvements, and trade secrets which were made by me prior to my employment with the Company (collectively referred to as “Prior Inventions”), which belong to me, which relate to the Company’s
proposed business, products or research and development, and which are not assigned to the Company hereunder; or, if no such list is attached, I represent that there are no such Prior Inventions. If in the course of my employment with the Company, I
incorporate into a Company product, process or service a Prior Invention owned by me or in which I have an interest, I hereby grant to the Company a nonexclusive, royalty-free, fully paid-up, irrevocable, perpetual, worldwide license to make, have
made, modify, use and sell such Prior Invention as part of or in connection with such product, process or service, and to practice any method related thereto. 
 B. Assignment of Inventions. I agree that I will promptly make full written disclosure to the Company, will hold in trust for the
sole right and benefit of the Company, and hereby assign to the Company, or its designee, all my right, title, and interest in and to any and all inventions, original works of authorship, developments, concepts, improvements, designs, discoveries,
ideas, trademarks or trade secrets, whether or not patentable or registrable under copyright or similar laws, which I may solely or jointly conceive or develop or reduce to practice, or cause to be conceived or developed or reduced to practice,
during the period of time I am in the employ of the Company (collectively referred to as “Inventions”), except as provided in Section 2.F below. I further acknowledge that all original works of authorship which are made
by me (solely or jointly with others) within the scope of and during the period of my employment with the Company and which are protectible by copyright are “works made for hire,” as that term is defined in the United States Copyright Act.
I understand and agree that the decision whether or not to commercialize or market any invention developed by me solely or jointly with others is within the Company’s sole discretion and for the Company’s sole benefit and that no royalty
will be due to me as a result of the Company’s efforts to commercialize or market any such invention. 
 C. Inventions
Assigned to the United States. I agree to assign to the United States government all my right, title, and interest in and to any and all Inventions whenever such full title is required to be in the United States by a contract between the Company
and the United States or any of its agencies. 
 D. Maintenance of Records. I agree to keep and maintain adequate and
current written records of all Inventions made by me (solely or jointly with others) during the term of my employment with the Company. The records will be in the form of notes, sketches, drawings, and any other format that may be specified by the
Company. The records will be available to and remain the sole property of the Company at all times. 
 E. Patent and
Copyright Registrations. I agree to assist the Company, or its designee, at the Company’s expense, in every proper way to secure the Company’s rights in the Inventions and any copyrights, patents, mask work rights or other intellectual
property rights relating thereto in any and all countries, including the disclosure to the Company of all pertinent information and data with respect thereto, the execution of all applications, specifications, oaths, 

  

 C-2 

 
assignments and all other instruments which the Company shall deem necessary in order to apply for and obtain such rights and in order to assign and convey
to the Company, its successors, assigns, and nominees the sole and exclusive rights, title and interest in and to such Inventions, and any copyrights, patents, mask work rights or other intellectual property rights relating thereto. I further agree
that my obligation to execute or cause to be executed, when it is in my power to do so, any such instrument or papers shall continue after the termination of this Agreement. If the Company is unable because of my mental or physical incapacity or for
any other reason to secure my signature to apply for or to pursue any application for any United States or foreign patents or copyright registrations covering Inventions or original works of authorship assigned to the Company as above, then I hereby
irrevocably designate and appoint the Company and its duly authorized officers and agents as my agent and attorney in fact, to act for and in my behalf and stead to execute and file any such applications and to do all other lawfully permitted acts
to further the prosecution and issuance of letters patent or copyright registrations thereon with the same legal force and effect as if executed by me. 
 F. Exception to Assignments. I understand that the provisions of this Agreement requiring assignment of Inventions to the Company do not apply to any invention which qualifies fully under the provisions of
California Labor Code Section 2870 (attached hereto as Schedule B). I will advise the Company promptly in writing of any inventions that I believe meet the criteria in California Labor Code Section 2870 and not otherwise disclosed
on Schedule A. 
 3. Conflicting Employment. I agree that, during the term of my employment with the Company, I will not engage
in any other employment, occupation or consulting directly related to the business in which the Company is now involved or becomes involved during the term of my employment, nor will I engage in any other activities that conflict with my obligations
to the Company. I am currently on the Board of Directors of Intersil and the Company agrees that I may continue to serve as a member of Intersil’s Board of Directors. Upon the agreement of the Board of Directors of Company and provided it does
not conflict with my obligations to the Company, I may from time to time serve on the Board of Directors of other corporations (whether with or without compensation). Nothing in this paragraph will prohibit me from serving as a volunteer on a
non-profit or community board, providing volunteer services, or participating as a volunteer in community or educational activities. 
 4.
Returning Company Documents. I agree that, at the time of leaving the employ of the Company, I will deliver to the Company (and will not keep in my possession, recreate or deliver to anyone else) any and all devices, records, data, notes,
reports, proposals, lists, correspondence, specifications, drawings blueprints, sketches, materials, equipment, other documents or property, or reproductions of any aforementioned items developed by me pursuant to my employment with the Company or
otherwise belonging to the Company, its successors or assigns, including, without limitation, those records maintained pursuant to paragraph 2.D. In the event of the termination of my employment, I agree to sign and deliver the
“Termination Certification” attached hereto as Exhibit C. 
 5. Notification of New Employer. In the event that I
leave the employ of the Company, I hereby grant consent to notification by the Company to my new employer about my rights and obligations under this Agreement. 
  

 C-3 

 6. Solicitation of Employees. I agree that for a period of twelve (12) months immediately
following the termination of my relationship with the Company for any reason, whether with or without cause, I shall not either directly or indirectly solicit, induce, recruit or encourage any of the Company’s employees to leave their
employment, or take away such employees, or attempt to solicit, induce, recruit, encourage or take away employees of the Company, either for myself or for any other person or entity. 
 7. Code of Business Conduct and Ethics. I agree to diligently adhere to the Code of Business Conduct and Ethics as adopted by the Board of
Directors of the Company. This agreement includes compliance with all applicable laws, rules and regulations, avoiding conflicts of interest, not engaging in insider trading; not taking personal advantage of corporate opportunities; competing and
dealing fairly; not discriminating or harassing; maintaining confidentiality of all confidential information entrusted to me; protecting and properly using company assets; not making inappropriate payments to government personnel; and reporting any
illegal or unethical behavior of which I become aware. The complete Code of Business Conduct and Ethics providing additional clarification of the above has been made available to me. 
 8. Representations. I agree to execute any proper oath or verify any proper document required to carry out the terms of this Agreement. I
represent that my performance of all the terms of this Agreement will not breach any agreement to keep in confidence proprietary information acquired by me in confidence or in trust prior to my employment by the Company. I hereby represent and
warrant that I have not entered into, and I will not enter into, any oral or written agreement in conflict herewith. 
 9. Arbitration and
Equitable Relief. 
 A. Arbitration. IN CONSIDERATION OF MY EMPLOYMENT WITH THE COMPANY, ITS PROMISE TO ARBITRATE ALL
EMPLOYMENT-RELATED DISPUTES AND MY RECEIPT OF THE COMPENSATION, PAY RAISES AND OTHER BENEFITS PAID TO ME BY THE COMPANY, AT PRESENT AND IN THE FUTURE, I AGREE THAT ANY AND ALL CONTROVERSIES, CLAIMS, OR DISPUTES WITH ANYONE (INCLUDING THE COMPANY AND
ANY EMPLOYEE, OFFICER, DIRECTOR, SHAREHOLDER OR BENEFIT PLAN OF THE COMPANY IN THEIR CAPACITY AS SUCH OR OTHERWISE) ARISING OUT OF, RELATING TO, OR RESULTING FROM MY EMPLOYMENT WITH THE COMPANY OR THE TERMINATION OF MY EMPLOYMENT WITH THE COMPANY,
INCLUDING ANY BREACH OF THIS AGREEMENT, SHALL BE SUBJECT TO BINDING ARBITRATION UNDER THE ARBITRATION RULES SET FORTH IN CALIFORNIA CODE OF CIVIL PROCEDURE SECTION 1280 THROUGH 1294.2, INCLUDING SECTION 1283.05 (THE “RULES”) AND
PURSUANT TO CALIFORNIA LAW. DISPUTES WHICH I AGREE TO ARBITRATE, AND THEREBY AGREE TO WAIVE ANY RIGHT TO A TRIAL BY JURY, INCLUDE ANY STATUTORY CLAIMS UNDER STATE OR FEDERAL LAW, INCLUDING, BUT NOT LIMITED TO, CLAIMS UNDER TITLE VII OF THE CIVIL
RIGHTS ACT OF 1964, THE AMERICANS WITH DISABILITIES ACT OF 1990, THE AGE DISCRIMINATION IN EMPLOYMENT ACT OF 1967, THE OLDER WORKERS BENEFIT PROTECTION ACT, THE WORKER ADJUSTMENT AND RETRAINING NOTIFICATION ACT, THE CALIFORNIA FAIR EMPLOYMENT AND
HOUSING ACT, THE FAMILY AND MEDICAL LEAVE ACT, THE 

  

 C-4 

 
CALIFORNIA FAMILY RIGHTS ACT, THE CALIFORNIA LABOR CODE, CLAIMS OF HARASSMENT, DISCRIMINATION OR WRONGFUL TERMINATION AND ANY STATUTORY CLAIMS. I FURTHER
UNDERSTAND THAT THIS AGREEMENT TO ARBITRATE ALSO APPLIES TO ANY DISPUTES THAT THE COMPANY MAY HAVE WITH ME. 
 B. Procedure. I AGREE
THAT ANY ARBITRATION WILL BE ADMINISTERED BY THE AMERICAN ARBITRATION ASSOCIATION (“AAA”) AND THAT THE NEUTRAL ARBITRATOR WILL BE SELECTED IN A MANNER CONSISTENT WITH ITS NATIONAL RULES FOR THE RESOLUTION OF EMPLOYMENT DISPUTES. I
AGREE THAT THE ARBITRATOR SHALL HAVE THE POWER TO DECIDE ANY MOTIONS BROUGHT BY ANY PARTY TO THE ARBITRATION, INCLUDING MOTIONS FOR SUMMARY JUDGMENT AND/OR ADJUDICATION AND MOTIONS TO DISMISS AND DEMURRERS, PRIOR TO ANY ARBITRATION HEARING. I ALSO
AGREE THAT THE ARBITRATOR SHALL HAVE THE POWER TO AWARD ANY REMEDIES, INCLUDING ATTORNEYS’ FEES AND COSTS, AVAILABLE UNDER APPLICABLE LAW. I UNDERSTAND THAT THE COMPANY WILL PAY FOR ANY ADMINISTRATIVE OR HEARING FEES CHARGED BY THE ARBITRATOR
OR AAA EXCEPT THAT I SHALL PAY THE FIRST $200.00 OF ANY FILING FEES ASSOCIATED WITH ANY ARBITRATION I INITIATE. I AGREE THAT THE ARBITRATOR SHALL ADMINISTER AND CONDUCT ANY ARBITRATION IN ACCORDANCE WITH THE RULES AND THAT TO THE EXTENT THAT THE
AAA’S NATIONAL RULES FOR THE RESOLUTION OF EMPLOYMENT DISPUTES CONFLICT WITH THE RULES, THE RULES SHALL TAKE PRECEDENCE. I AGREE THAT THE DECISION OF THE ARBITRATOR SHALL BE IN WRITING. 
 C. Remedy. EXCEPT AS PROVIDED BY THE RULES AND THIS AGREEMENT, ARBITRATION SHALL BE THE SOLE, EXCLUSIVE AND FINAL REMEDY FOR ANY DISPUTE BETWEEN ME
AND THE COMPANY. ACCORDINGLY, EXCEPT AS PROVIDED FOR BY THE RULES AND THIS AGREEMENT, NEITHER I NOR THE COMPANY WILL BE PERMITTED TO PURSUE COURT ACTION REGARDING CLAIMS THAT ARE SUBJECT TO ARBITRATION. NOTWITHSTANDING, THE ARBITRATOR WILL NOT HAVE
THE AUTHORITY TO DISREGARD OR REFUSE TO ENFORCE ANY LAWFUL COMPANY POLICY, AND THE ARBITRATOR SHALL NOT ORDER OR REQUIRE THE COMPANY TO ADOPT A POLICY NOT OTHERWISE REQUIRED BY LAW WHICH THE COMPANY HAS NOT ADOPTED. 
 D. Administrative Relief. I UNDERSTAND THAT THIS AGREEMENT DOES NOT PROHIBIT ME FROM PURSUING AN ADMINISTRATIVE CLAIM WITH A LOCAL, STATE OR
FEDERAL ADMINISTRATIVE BODY SUCH AS THE DEPARTMENT OF FAIR EMPLOYMENT AND HOUSING, THE EQUAL EMPLOYMENT OPPORTUNITY COMMISSION OR THE WORKERS’ COMPENSATION BOARD. THIS AGREEMENT DOES, HOWEVER, PRECLUDE ME FROM PURSUING COURT ACTION REGARDING
ANY SUCH CLAIM. 
  

 C-5 

 E. Voluntary Nature of Agreement. I ACKNOWLEDGE AND AGREE THAT I AM EXECUTING THIS AGREEMENT
VOLUNTARILY AND WITHOUT ANY DURESS OR UNDUE INFLUENCE BY THE COMPANY OR ANYONE ELSE. I FURTHER ACKNOWLEDGE AND AGREE THAT I HAVE CAREFULLY READ THIS AGREEMENT AND THAT I HAVE ASKED ANY QUESTIONS NEEDED FOR ME TO UNDERSTAND THE TERMS, CONSEQUENCES
AND BINDING EFFECT OF THIS AGREEMENT AND FULLY UNDERSTAND IT, INCLUDING THAT I AM WAIVING MY RIGHT TO A JURY TRIAL. FINALLY, I AGREE THAT I HAVE BEEN PROVIDED AN OPPORTUNITY TO SEEK THE ADVICE OF AN ATTORNEY OF MY CHOICE BEFORE SIGNING
THIS AGREEMENT. 
 10. General Provisions. 
 A. Governing Law; Consent to Personal Jurisdiction. This Agreement will be governed by the laws of the State of California. I hereby expressly consent to the personal jurisdiction of the state and federal
courts located in California for any lawsuit filed there against me by the Company arising from or relating to this Agreement. 
 B. Entire
Agreement. This Agreement sets forth the entire agreement and understanding between the Company and me relating to the subject matter herein and supersedes all prior discussions or representations between us including, but not limited to, any
representations made during my interview(s) or relocation negotiations, whether written or oral. No modification of or amendment to this Agreement, nor any waiver of any rights under this Agreement, will be effective unless in writing signed by the
President of the Company and me. Any subsequent change or changes in my duties, salary or compensation will not affect the validity or scope of this Agreement. 
 C. Severability. If one or more of the provisions in this Agreement are deemed void by law, then the remaining provisions will continue in full force and effect. 
 D. Successors and Assigns. This Agreement will be binding upon my heirs, executors, administrators and other legal representatives and will be for
the benefit of the Company, its successors, and its assigns. 
 Dated this 31 day of March, 2008 
  

	
	EXECUTIVE:
	
	/s/ Gregory Lang
	Gregory Lang

  

	
	Witness:
	
	/s/ Alinka Flaminia
	Signature
	
	Alinka Flaminia
	Name (typed or printed)

  

 C-6 

 Schedule A 
 to Confidential Information, Invention Assignment and Arbitration Agreement 
 LIST OF PRIOR
INVENTIONS 
 AND ORIGINAL WORKS OF AUTHORSHIP 
  

					
	 Title
	  	 Date
	  	 Identifying Number or
 Brief Description

		  		  	
		  		  	
		  		  	
		  		  	

  

	x	No inventions or improvements 

  

	 ̈	Additional Sheets Attached 

  

			
		
	Signature of Employee: 	 	/s/ Gregory S. Lang
		
	Print Name of Employee: 	 	Gregory S. Lang
	
	Date: 3/31/08

  

 C-7 

 Schedule B 
 to Confidential Information, Invention Assignment and Arbitration Agreement 
 CALIFORNIA LABOR CODE
SECTION 2870 
 INVENTION ON OWN TIME-EXEMPTION FROM AGREEMENT 
 “(a) Any provision in an employment agreement which provides that an employee shall assign, or offer to assign, any of his or her rights in an invention to his or her employer shall not apply to an invention that
the employee developed entirely on his or her own time without using the employer’s equipment, supplies, facilities, or trade secret information except for those inventions that either: 
 (1) Relate at the time of conception or reduction to practice of the invention to the employer’s business, or actual or demonstrably anticipated
research or development of the employer; or 
 (2) Result from any work performed by the employee for the employer. 
 (b) To the extent a provision in an employment agreement purports to require an employee to assign an invention otherwise excluded from being required to be assigned
under subdivision (a), the provision is against the public policy of this state and is unenforceable.” 
  

 C-8 

 Schedule C 
 to Confidential Information, Invention Assignment and Arbitration Agreement 
 PMC-SIERRA, INC. 

 TERMINATION CERTIFICATION 
 This is to certify that I do not have in my possession, nor have I failed to return, any devices, records, data, notes, reports, proposals, lists, correspondence, specifications, drawings, blueprints, sketches, materials, equipment, other
documents or property, or reproductions of any aforementioned items belonging to PMC-Sierra, Inc., its subsidiaries, affiliates, successors or assigns (together, the “Company”). 
 I further certify that I have complied with all the terms of the Company’s Confidential Information, Invention Assignment and Arbitration Agreement
signed by me, including the reporting of any inventions and original works of authorship (as defined therein), conceived or made by me (solely or jointly with others) covered by that agreement. 
 I further agree that, in compliance with the Confidential Information, Invention Assignment and Arbitration Agreement, I will preserve as confidential
all trade secrets, confidential knowledge, data or other proprietary information relating to products, processes, know-how, designs, formulas, developmental or experimental work, computer programs, data bases, other original works of authorship,
customer lists, business plans, financial information or other subject matter pertaining to any business of the Company or any of its employees, clients, consultants or licensees. 
 I further agree that for twelve (12) months from this date, I will not solicit, induce, recruit or encourage any of the Company’s employees to
leave their employment. 
 Date: ______________________________ 
  

	
	
	  
	(Employee’s Signature)
	
	  
	(Type/Print Employee’s Name)

  

 C-9Specimen Unit Certificate

 Exhibit 4.1 
  

					
	NUMBER	  		  	UNITS
	 U-                                   
 
	  		  	
			
	 SEE REVERSE FOR
 CERTAIN DEFINITIONS
	  	GRAIL INVESTMENT CORP.	  	

 CUSIP 384750 204 
 UNITS CONSISTING OF ONE SHARE OF COMMON STOCK AND ONE WARRANT TO PURCHASE ONE SHARE 
 OF COMMON
STOCK 
 THIS CERTIFIES THAT _______________________________________________________________________________ 
 is the owner of ________________________________________________________________________________________ Units. 
 Each Unit (“Unit”) consists of one (1) share of common stock, par value $.0001 per share (“Common Stock”), of Grail Investment Corp., a Delaware
corporation (the “Company”), and one warrant (the “Warrant”). The Warrant entitles the holder to purchase one (1) share of Common Stock for $7.50 per share (subject to adjustment). The Warrant will become exercisable on the
later of (i) the Company’s completion of a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or other similar business combination and
(ii)                         , 2009, and will expire unless exercised before 5:00 p.m., New York City Time, on
                        , 2012, or earlier upon redemption (the “Expiration Date”). The Common Stock and Warrant
comprising the Units represented by this certificate are not transferable separately prior to                         ,
2008, subject to earlier separation in the discretion of Lazard Capital Markets LLC (subject to the Company’s filing of a current report on Form 8-K with the Securities and Exchange Commission containing an audited balance sheet reflecting the
Company’s receipt of the gross proceeds of its initial public offering and issuance of a press release announcing when separate trading will begin). The terms of the Warrant are governed by a Warrant Agreement, dated as of
                        , 2008, between the Company and Continental Stock Transfer & Trust Company, as Warrant
Agent, and are subject to the terms and provisions contained therein, all of which terms and provisions the holder of this certificate consents to by acceptance hereof. Copies of the Warrant Agreement are on file at the office of the Warrant Agent
at 17 Battery Place, New York, New York 10004, and are available to any Warrant holder on written request and without cost. 
 This
certificate is not valid unless countersigned by the Transfer Agent and Registrar of the Company. 
 Witness the facsimile seal of the Company
and the facsimile signatures of its duly authorized officers. 
  

							
	  
 By
	 	  
	  	

	 	  

  
  

 The following abbreviations, when used in the inscription on the face of this certificate, shall be
construed as though they were written out in full according to applicable laws or regulations: 
  

					
			
	 TEN COM –
	  	as tenants in common	  	UNIF GIFT MIN ACT- _____ Custodian ______
	 TEN ENT –
	  	as tenants by the entireties	  	(Cust)                 (Minor)
	 JT TEN –
	  	 as joint tenants with right of survivorship
 and not as
tenants in common
	  	 under Uniform Gifts to Minors        
 Act
______________                      
 (State)                                

 Additional Abbreviations may also be used though not in the above list. 
 Grail Investment Corp. 
 The Company
will furnish without charge to each stockholder who so requests, a statement of the powers, designations, preferences and relative, participating, optional or other special rights of each class of stock or series thereof of the Company and the
qualifications, limitations, or restrictions of such preferences and/or rights. 
 For value received, _________________________________
hereby sell, assign and transfer unto 
  

			
	 PLEASE INSERT SOCIAL SECURITY OR OTHER
 IDENTIFYING NUMBER OF ASSIGNEE
  
	  	
	 	  	
	 	  	
	 	  	

 ___________________________________________________________________________________________________________

 (PLEASE PRINT OR TYPEWRITE NAME AND ADDRESS, INCLUDING ZIP CODE, OF ASSIGNEE) 
 ___________________________________________________________________________________________________________ 
 ___________________________________________________________________________________________________________ 
 ______________________________________________________________________________________________________ Units 
 represented by the
within Certificate, and do hereby irrevocably constitute and appoint 
 ____________________________________________________________________________________________________ Attorney 
 to transfer the
said Units on the books of the within named Company will full power of substitution in the premises. 
  

			
	Dated ____________________	  	
		
		  	__________________________________________________________________________
		  	 Notice: The signature to this assignment must correspond with the name as written
upon the face of the certificate in every particular, without alteration or enlargement or any change whatever.

 Signature(s) Guaranteed: 
 ___________________________________________________________________ 
 THE SIGNATURE(S) SHOULD BE GUARANTEED BY AN ELIGIBLE GUARANTOR INSTITUTION

 (BANKS, STOCKBROKERS, SAVINGS AND LOAN ASSOCIATIONS AND CREDIT UNIONS WITH 
 MEMBERSHIP IN AN APPROVED SIGNATURE GUARANTEE MEDALLION PROGRAM, 
 PURSUANT TO S.E.C. RULE 17Ad-15).

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