Document:

Form of Employment Agreement (Randall E. Wooster).

 Exhibit 10.9 
 EMPLOYMENT AGREEMENT 
 THIS EMPLOYMENT
AGREEMENT (the “Agreement”), dated as of _________ __, 2010, by and between Imperial Capital Group, L.P., a Delaware limited partnership (“ICG LP”), and Randall E. Wooster (“Executive”). 
 WHEREAS, Executive, together with Jason W. Reese, manage the business and operations of ICG LP (or its predecessor) pursuant to a management
agreement between ICG LP and Imperial Capital Group Holdings, LLC; 
 WHEREAS such management agreement will be assigned by
Imperial Capital Group Holdings, LLC to ICG LP and terminated by ICG LP in exchange for certain consideration payable to Imperial Capital Group Holdings, LLC, in connection with the consummation of the Initial IPO; 
 WHEREAS, subject to the consummation of the Initial IPO of Imperial Capital Group, Inc. (“Imperial Capital”), the general partner
of ICG LP, ICG LP desires to secure for itself and its Affiliates the continuing services of Executive by employing Executive, and Executive desires to provide such continuing services as an employee of ICG LP, in each case, pursuant to the terms
and conditions hereof. 
 NOW, THEREFORE, in consideration of the promises and the mutual covenants herein contained, ICG LP,
Imperial Capital (solely for purposes of Section 10(p)) and Executive hereby agree as follows: 
 1. Term of Employment. Subject to
the consummation of the Initial IPO, Executive shall be employed by ICG LP for the period commencing on the Effective Date and ending on the third annual anniversary thereof (such period, the “Employment Term”) on the terms and conditions
set forth herein. Commencing on the initial anniversary of the Effective Date and on each annual anniversary thereafter (each an “Extension Date”), the Employment Term shall be automatically extended for an additional one-year period,
unless either ICG LP or Executive provides the other party with written notice before an Extension Date that the Employment Term shall not be so extended. For the avoidance of doubt, it is intended that, unless either party has provided written
notice to the other before an Extension Date that the Employment Term shall not be so extended, the remaining length of the Employment Term shall always be no less than two years. 
 2. Position and Duties. During the Employment Term, Executive shall serve as the President of ICG LP. In such position, Executive shall report solely and directly to the Board of Directors of
Imperial Capital (the “Board”), and all employees of ICG LP and its subsidiaries, other than Jason W. Reese, shall report either directly or indirectly to Executive. Without limiting the foregoing, Executive shall have such executive and
managerial duties and authority as shall be determined from time to time by the Board as are commensurate with Executive’s positions. During

 
the Employment Term, Executive shall also serve, without additional compensation, as a director on the Board of Directors and President of Imperial Capital. During the Employment Term, Executive
shall devote Executive’s full business time and attention (exclusive of periods of illness or vacation) to the performance of Executive’s duties hereunder and shall not engage in any other business, profession or occupation for
compensation without the prior written consent of the Board. Notwithstanding the foregoing, Executive may manage his personal investments, be involved in charitable and professional activities (including serving on charitable and professional
boards), and, with the consent of the Board, serve on for-profit boards of directors and advisory committees, so long as such service does not materially interfere with the performance of Executive’s duties hereunder or violate Section 7
hereof. Any boards that Executive serves on as of the Effective Date shall be deemed to have been approved by the Board. 
 3. Salary and
Annual Bonus. 
  

	 	(a)	Base Salary. During the Employment Term, ICG LP shall pay Executive a base salary at the annual rate of $1,000,000, payable in regular installments in accordance
with ICG LP’s usual payroll practices for similarly situated senior executives of ICG LP. The Board shall review Executive’s base salary and other compensation at least once per annum, and may increase, but not decrease, Executive’s
annual base salary. Executive’s annual base salary, as in effect from time to time, shall hereinafter be referred to as the “Base Salary.” 

  

	 	(b)	Annual Bonus. During the Employment Term (or portion thereof), Executive shall be eligible to receive a bonus (the “Annual Bonus”), as determined
pursuant to the ICG LP [Annual Bonus Plan] (or any similar or successor plan) (collectively, the “Bonus Plan”), and on the basis of Executive’s or ICG LP’s attainment of objective financial or other goals established by the
Compensation Committee of the Board (the “Compensation Committee”) in its sole good faith discretion and in consultation with Executive. The Annual Bonus for each fiscal year shall be paid to Executive no later than the March 15th
following the completion of such fiscal year. In addition, Executive shall be eligible to participate in any other bonus or compensation plan or program that may be established by the Compensation Committee for senior executives and that covers
Executive (even if such plan or program does not provide for qualified performance-based bonuses within the meaning of Section 162(m) of the Code), at a level commensurate with Executive’s positions. 

 4. Equity Participation. Executive shall be entitled to participate in, and to be granted awards consisting of, shares of Common Stock pursuant to
the 2010 Equity Incentive Plan of Imperial Capital Group, Inc. (the “2010 Equity Plan”), as the Compensation Committee shall determine from time to time at a level commensurate with Executive’s position, which Common Stock shall be
subject to restrictions and such other terms and conditions not inconsistent with this Agreement (the “Restricted Stock”) and as are set forth in the agreement evidencing such award of Restricted Stock (the 2010 Equity Plan and the
agreement evidencing such award being referred to herein as the “Equity Award Documents”). Among other things, the Equity Award Documents shall provide that the Restricted Stock will vest as to at least 25% of the total number of shares of
Restricted Stock granted to Executive on each anniversary of the grant date; provided that the Restricted Stock shall also be 100% vested upon (i) the occurrence of a Change in Control, (ii) the death of Executive,
(iii) termination of Executive by ICG LLP other than for Cause, (iv) termination of Executive by ICG LLP for Disability or (v) Executive’s resignation for Good Reason. 
  

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 5. Employee Benefits. 
  

	 	(a)	General. During the Employment Term, Executive shall be entitled to participate in or be eligible to receive benefits under ICG LP’s employee benefit plans
and payroll practices, as in effect from time to time, including, without limitation, any medical and dental insurance, vision, life insurance, short-term and long-term disability or death benefits and 401(k) plans or other fringe benefits
(collectively, “Employee Benefits”), on a basis no less favorable then that which is available to other senior executives of ICG LP. 

  

	 	(b)	Expense Reimbursement. ICG LP shall reimburse Executive for all reasonable business expenses incurred by Executive in the performance of his duties hereunder;
provided, that such expenses are incurred and accounted for in accordance with ICG LP’s policies and procedures. All such payments shall be made by ICG LLP within 60 days of ICG LLP’s receipt of appropriate documentation establishing
Executive’s payment of the expenses for which he seeks reimbursement. 

 6. Termination of Employment. The Employment
Term and Executive’s employment hereunder may be terminated by either party at any time and for any reason. Notwithstanding any other provision of this Agreement, the provisions of this Section 6 shall exclusively govern Executive’s
rights, and ICG LP’s obligations, upon Executive’s termination of employment with ICG LP; provided that: (i) Executive’s rights with respect to Executive’s awards under the 2010 Equity Plan shall be governed solely by
the terms of the 2010 Equity Plan and the agreements and other documents governing such awards (including the Equity Award Documents); and (ii) Executive’s rights with respect to the amount and time of payment of any Employee Benefits
shall be governed by the documents governing such Employee Benefits. 
  

	 	(a)	For Cause by ICG LP or For Any Reason Other than Good Reason by Executive. The Employment Term and Executive’s employment (i) may be terminated by ICG
LP for Cause or as a result of Executive’s Disability and (ii) shall terminate upon Executive’s death or upon Executive’s resignation without Good Reason; provided that before ICG LP may terminate Executive for Cause, the
Board shall deliver to Executive a written notice of ICG LP’s intent to terminate him for Cause, which notice shall include with specificity the reasons for such termination, and ICG LP shall provide Executive a hearing in person (together with
counsel) before the full Board. If after such hearing, the Board gives written notice to Executive confirming that a majority of the members of the full Board (excluding Executive) voted after the hearing to terminate him for Cause, Executive’s
employment shall thereupon be terminated for Cause. If Executive’s employment is terminated by ICG LP for Cause or as a result of Disability, upon Executive’s death or if Executive resigns without Good Reason, Executive (or in the event of
his death, Executive’s estate) shall be entitled to receive: 

 (A) the Base Salary through the date of
termination, payable on the normal payroll date for such Base Salary; 
  

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 (B) any Annual Bonus earned, but unpaid, as of the date of termination for the immediately
preceding fiscal year and, except when Executive’s employment is terminated by ICG LP for Cause or upon Executive’s resignation without Good Reason, a pro-rata portion of the Annual Bonus for the fiscal year in which Executive’s
termination occurs (provided any applicable performance-based requirements under Section 162(m) of the Code are complied with), which shall be paid at the time set forth in Section 3; and 
 (C) reimbursement for any unreimbursed business expenses that have been properly incurred by Executive prior to the date of
Executive’s termination and that are or have been submitted in accordance with the applicable ICG LP policy, which reimbursement shall be paid promptly and in any event within 60 days after submission in accordance with ICG LP policy, provided
that Executive shall submit all outstanding unreimbursed business expenses no later than 45 days following the date of termination; 
 For purposes of this Agreement, the amounts described in the preceding clauses (A) through (C) hereof payable at the times provided herein are referred to as the “Accrued Rights”. 
  

	 	(b)	By ICG LP Without Cause or by Executive for Good Reason. The Employment Term and Executive’s employment may be terminated by ICG LP without Cause or by
Executive’s resignation for Good Reason. If Executive’s employment is terminated by ICG LP without Cause or as a result of Executive’s resignation for Good Reason, Executive shall be entitled to receive from ICG LP:

 (A) the Accrued Rights; and 
 (B) subject to Executive’s continued compliance with the provisions of Sections 7 and 8 of this Agreement, and subject to Executive’s execution and non-revocation of the “Release”
within 30 days after receipt, which shall be delivered to Executive within 10 days following the termination of Executive’s employment and which shall be substantially in the form attached hereto as Exhibit A (the expiration of the Release
revocation period, following execution of the Release by Executive and without revocation by Executive during such period, the “Release Effective Date”): 
 (1) two (2) times the sum of (i) the Base Salary and (ii) the average of the Annual Bonuses earned or payable to Executive with respect to the last three fiscal years completed prior to the
termination of Executive’s employment (such aggregate calculated amount being the “Base Severance”), which Base Severance shall be payable in equal, or substantially equal, payments over the twenty-four month period commencing on the
Date of Termination in accordance with ICG LP’s normal payroll practices, provided that the first payment shall be made on the first payroll date that occurs following the Release Effective Date, and shall include any amounts that would
have otherwise been due under this paragraph prior to such first payment date; and provided, further, that in the event that the Date of Termination occurs during the period commencing on the Effective Date and ending on December 31 of
the year in which the third anniversary of the Effective Date occurs, the Base Severance shall be deemed to be $8,000,000; and 
  

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 (2) continue to provide, at ICG LP’s expense, Executive (and his eligible dependents)
with the medical, dental, vision and life insurance coverage in which he (or his dependents) was participating as of the Date of Termination (at a level then in effect with respect to coverage and employee premiums) until the second anniversary of
the Date of Termination. If such coverage cannot be provided on a tax-advantaged basis under ICG LP’s program, ICG LP shall reimburse Executive for the cost of such coverage actually obtained and incurred independently by Executive during such
two year period plus an amount sufficient for Executive to pay all federal, state or local income or employment taxes imposed upon the receipt of the reimbursement plus the receipt of the amount itself, but the cost of such coverage to be reimbursed
shall not exceed the cost for such coverage to a similarly-situated senior executive under the program, and all reimbursements for the cost of such coverage and the taxes shall be made by ICG LP no later than the end of the second taxable year of
Executive following the taxable year in which Executive’s Date of Termination occurs. 
  

	 	(c)	Change of Control. Notwithstanding any provision of this Agreement to the contrary (including, for the avoidance of doubt, Section 6(a)), if a Change in
Control shall occur and Executive voluntarily terminates his employment at anytime within six (6) months following such Change in Control, then Executive shall be entitled to receive the amounts and benefits provided in Section 6(b) as if
Executive had resigned for Good Reason; provided that if the Change in Control shall constitute a change in control within the meaning of Section 409A of the Code, then the Base Severance shall be paid in one lump sum payment on the
first payroll date that occurs following the later of (i) the Change in Control, or (ii) the Release Effective Date (instead of in installments over the twenty-four month period following the date of termination of Executive’s
employment). Immediately prior to the occurrence or consummation of any transaction that could constitute or that could result in a Change in Control that would not constitute a change in control within the meaning of Section 409A of the Code,
ICG LP shall establish at its cost and expense an irrevocable grantor trust described in Revenue Procedure 92-64, 1992-2 C.B. 422 (sometimes known as a “rabbi trust”) with an institution and pursuant to an agreement as shall be mutually
acceptable to ICG LP and Executive, which trust agreement shall provide for the payment of any amounts, at the times and under the circumstances that amounts may thereafter be payable as provided in Section 6, and simultaneously with the
occurrence or consummation of the transaction constituting or that could result in the Change in Control, ICG LP shall transfer to the institution serving as trustee of such trust an amount as shall at least equal the amounts payable to Executive
pursuant to this Section 6 following such Change in Control. 

  

	 	(d)	 Notice and Date of Termination. Any purported termination of Executive’s employment by ICG LP or by Executive shall be communicated by
written “Notice of Termination” to the other party hereto in accordance with Section 10(g) hereof. For purposes of this Agreement, “Notice of Termination” shall mean a notice that shall indicate the specific termination
provision in this Agreement relied upon and shall set forth in reasonable detail the facts and circumstances claimed to provide a basis for termination of Executive’s employment under the provision so indicated. “Date of Termination”
shall mean (i) if Executive’s employment is terminated by his death, the date of his death; (ii) if Executive’s employment is terminated as a result of Disability, the date provided in the

  

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Notice of Termination; and (iii) if Executive’s employment is terminated pursuant to Sections 6(b) or 6(c), the date specified in the Notice of Termination (or if no such date is
specified, the last day of Executive’s active employment with the Company), in each case as provided in accordance with this Agreement. If the Date of Termination is specified in a Notice of Termination, in no event shall the Date of
Termination be earlier than the date the Notice of Termination was given pursuant to Section 10(g). 

 7. Certain
Restrictive Covenants. 
  

	 	(a)	During the Employment Term and , except in the case where the Employment Term has ended as a result of ICG LP electing not to extend the Employment Term pursuant
to Section 1 hereof, during the 24-month period following the Date of Termination (the Employment Term and, if applicable, the 24-month period following the Date of Termination, the “Restricted Term”), Executive shall not
without the Board’s prior written consent (i) directly or indirectly whether on Executive’s own behalf or on behalf of or in conjunction with any person, firm, partnership, joint venture, association, corporation or other business
organization, entity or enterprise whatsoever (“Person”), (ii) solicit or assist in soliciting in competition with ICG LP or any of its Affiliates, the business of any current or actively being pursued prospective customer, client,
partner, member, or (iii) invest or engage in, have any equity interest in, or manage or operate (whether as a director, officer, employee, agent, representative, security holder, consultant or otherwise) any business that competes with the
business of ICG LP or any of its Affiliates (including, without limitation, businesses which ICG LP or any of its Affiliates had specific plans to conduct in the future and as to which Executive was aware of such planning, and which were not
terminated or abandoned by the relevant entity’s board of directors more than one year prior to the date of Executive’s termination (“Specific Plans”)) in any geographical area that is within 50 miles of any geographical area
where ICG LP or any of its Affiliates actually does (or has Specific Plans to) provide its products or services (a “Competitive Business”); provided that: (x) Executive shall be permitted to acquire a passive stock or equity
interest in such a Competitive Business provided the stock or other equity interest acquired is not more than five percent (5%) of the outstanding interest in such a Competitive Business; (y) Executive shall be permitted to acquire any
investment through a mutual fund, private equity fund or other pooled account that is not controlled by Executive and in which he has less than a five percent (5%) interest; or (z) Executive may provide services to a subsidiary, division
or Affiliate of a Competitive Business if such subsidiary, division or Affiliate is not itself engaged in a Competitive Business and Executive does not provide services to, or have any responsibilities regarding, the Competitive Business. At any
time during the Restricted Term following the Date of Termination, Executive may request in writing that the Board consent to Executive’s direct or indirect engagement in, ownership of an equity interest in, or management or operation of
(whether as a director, officer, employee, agent, representative, security holder, consultant or otherwise) any Competitive Business, which request the Board shall consider in good faith based upon the Board’s reasonable and good faith
determination of the potential impact of Executive’s involvement in such Competitive Business on ICG LP and its Affiliates. 

  

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	 	(b)	During the 12 month period following the Date of Termination, Executive shall not, directly or indirectly recruit or otherwise solicit or induce any executive employee,
director or consultant of or to ICG LP to terminate his or its employment or arrangement with ICG LP or otherwise change its relationship with ICG LP, provided that nothing in this Section 7(b) shall prohibit Executive from providing
employment, personal or other references for any such Person or general advertising for employees by Executive or any Person of which Executive is an employee or Affiliate. 

  

	 	(c)	Executive shall not intentionally disparage ICG LP, any of its practices, or any of the directors, officers, or employees of ICG LP or its Affiliates, whether orally,
in writing or otherwise, at any time. ICG LP and its Affiliates (including without limitation the directors of any of its Affiliates) shall not intentionally disparage Executive, whether orally, in writing or otherwise, at any time. Notwithstanding
the foregoing, nothing in this Section 7(c) shall (i) limit the ability of ICG LP or Executive, as applicable, to provide truthful testimony as required by law or any judicial or administrative process or Executive from making normal
commercial competitive type statements in a competitive business situation not based on his employment with ICG LP, or (ii) prevent any Person from (x) responding publicly to incorrect, disparaging or derogatory public statements to the
extent reasonably necessary to correct or refute such public statement or (y) making any truthful statement to the extent necessary with respect to any litigation, arbitration or mediation involving this Agreement, including, but not limited
to, the enforcement of this Agreement. 

  

	 	(d)	Executive agrees that all strategies, methods, processes, techniques, marketing plans, merchandising schemes, themes, layouts, mechanicals, trade secrets, copyrights,
trademarks, patents, ideas, specifications and other material or work product (“Intellectual Property”) that Executive creates, develops or assembles during the Employment Term in connection with his employment hereunder shall become the
permanent and exclusive property of ICG LP to be used in any manner it sees fit, in its sole discretion. Executive shall not communicate to ICG LP any ideas, concepts, or other intellectual property of any kind (other than that required in his
capacity as an officer of ICG LP) which (i) were earlier communicated to Executive in confidence by any third party as proprietary information, or (ii) Executive knows or has reason to know is the proprietary information belonging to
Executive or any third party. All Intellectual Property created or assembled in connection with Executive’s employment hereunder shall be the permanent and exclusive property of ICG LP, and Executive will and hereby does assign any rights
therein to ICG LP. ICG LP and Executive mutually agree that all Intellectual Property and work product created in connection with this Agreement, which is subject to copyright, shall be deemed to be “work made for hire,” and that all
rights to copyrights shall be vested in ICG LP. If for any reason ICG LP cannot be deemed to have commissioned “work made for hire,” and its rights to copyright are thereby in doubt, then Executive agrees not to claim to be the proprietor
of the work prepared for ICG LP, and agrees to and hereby does irrevocably assign to ICG LP, at ICG LP’s expense, all rights in the copyright of the work prepared for ICG LP. 

  

	 	(e)	 ICG LP and Executive expressly acknowledge and agree that the agreements and covenants contained in this Section 7 are reasonable. In the event,
however, that any

  

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agreement or covenant contained in this Section 7 shall be determined by any court of competent jurisdiction that the time or territory or any other restriction contained in this Agreement
is an unenforceable restriction against Executive, the provisions of this Agreement shall not be rendered void but shall be deemed amended to apply as to such maximum time and territory and to such maximum extent as such court may judicially
determine or indicate to be enforceable. 

  

	 	(f)	ICG LP and Executive expressly acknowledge and agree that the agreements and covenants contained in this Section 7 are reasonable. In the event, any court of
competent jurisdiction finds that any restriction contained in this Agreement is unenforceable, and such restriction cannot be amended so as to make it enforceable, such finding shall not affect the enforceability of any of the other restrictions
contained herein. 

  

	 	(g)	Any limitation on Executive’s activities or any forfeiture of benefits, equity or compensation based on violation of limitations on Executive’s activities
shall not be based on any limitation that is any broader than those set forth in this Section 7. 

 8. Confidential
Information. Except as Executive deems necessary (or, in good faith, desirable) to be disclosed in connection with the performance of Executive’s duties hereunder or as specifically set forth in this Section 8, Executive shall, in
perpetuity, maintain in confidence and shall not directly, indirectly or otherwise, use, disseminate, disclose or publish, or use for his benefit or the benefit of any person, firm, corporation or other entity any non-public, proprietary or
confidential information, including, without limitation, trade secrets, know-how, research and development, software, databases, inventions, processes, formulae, technology, designs and other intellectual property, information concerning finances,
investments, profits, pricing, costs, products, services, vendors, customers, clients, partners, investors, personnel, compensation, recruiting, training, advertising, sales, marketing, promotions, government and regulatory activities and approvals,
concerning the past, current or future business, activities and operations of ICG LP or any of its Affiliates and/or any third party that has disclosed or provided any of the same to ICG LP or any of its Affiliates on a confidential basis (the
“Confidential Information”). “Confidential Information” shall not include any information that is (a) generally known to the industry or the public other than as a result of Executive’s breach of this covenant or any
breach of other confidentiality obligations by third parties; or (b) received by Executive in good faith from a third party (which is unaffiliated with ICG LP and its Affiliates) who had received such information without breach of any
confidentiality obligation. Additionally, Executive shall not be liable for disclosures of “Confidential Information” if required by law or legal process to be disclosed, provided that Executive shall: use his best efforts to give prompt
written notice to ICG LP of such requirement; notify the requesting entity or authority that such information is subject to disclosure limitations belonging to ICG LP and/or its Affiliates and request from such entity or authority a delay in any
such production so that ICG LP and/or its Affiliates may seek appropriate legal protections, if any; disclose no more information than is so required; and cooperate with any attempts by ICG LP to obtain a protective order or similar treatment. The
parties hereby stipulate and agree that as between them the foregoing matters are important, material and confidential proprietary information and trade secrets and affect the successful conduct of the businesses of ICG LP (and any successor or
assignee of ICG LP). Upon termination of Executive’s employment with ICG LP for any reason, Executive will promptly deliver to ICG LP all correspondence, drawings, manuals, letters, notes, notebooks, reports,

  

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programs, plans, proposals, financial documents, or any other documents concerning ICG LP’s customers, business plans, designs, marketing or other business strategies, products or processes,
provided that Executive may retain (i) papers and other materials of a personal nature, including, but not limited to, photographs, correspondence, personal diaries, calendars and personal rolodexes, personal files and personal telephone books,
(ii) information showing his compensation or relating to reimbursement of expenses, (iii) information that he reasonably believes may be needed for tax purposes, (iv) copies of plans, programs and agreements relating to his
employment, or termination thereof, with ICG LP and (v) copies of minutes, presentation materials and personal notes from any meeting of the Board, or any committee thereof, while he was a member of the Board, provided, however, that nothing in
the foregoing provisions (i) through (v), inclusive, shall entitle Executive to retain any confidential, proprietary or trade secret information belonging to ICG LP or its Affiliates, including but not limited to detailed customer lists,
preferences or information 
 9. Specific Performance. It is recognized and acknowledged by Executive and ICG LP that a breach by either
party of such party’s covenants contained in Sections 7 and 8 will cause irreparable damage to ICG LP or Executive, as applicable, and its or his goodwill or reputation, the exact amount of which will be difficult or impossible to ascertain,
and that the remedies at law for any such breach will be inadequate. Accordingly, the parties agree that in the event a party breaches any covenant contained in Sections 7 and 8, in addition to any other remedy which may be available at law or in
equity (or under any other agreement between ICG LP and Executive), the other party will be entitled to specific performance and injunctive relief, in addition to any remedies at law, and without posting any bond, ICG LP shall be entitled to cease
making any payments or providing any benefit otherwise required by this Agreement and obtain equitable relief in the form of specific performance, temporary restraining order, temporary or permanent injunction or any other equitable remedy which may
then be available. 
 10. Miscellaneous. 
  

	 	(a)	Governing Law. This Agreement shall be governed by and construed in accordance with the laws of the State of California, without regard to conflicts of laws
principles thereof. 

  

	 	(b)	Entire Agreement/Amendments. Subject to the consummation of the Initial IPO, this Agreement contains the entire understanding of the parties with respect to the
employment of Executive by ICG LP, and this Agreement shall supersede all prior agreements (including verbal agreements) between Executive and the ICG LP with respect to the subject of this Agreement; provided that Executive’s rights with under
the 2010 Equity Plan to the extent not inconsistent with the express provisions hereof shall be governed solely by the Equity Documents. There are no restrictions, agreements, promises, warranties, covenants or undertakings between the parties with
respect to the subject matter herein other than those expressly set forth herein. This Agreement may not be altered, modified, or amended except by written instrument signed by the parties hereto. 

  

	 	(c)	No Waiver. The failure of a party to insist upon strict adherence to any term of this Agreement on any occasion shall not be considered a waiver of such
party’s rights or deprive such party of the right thereafter to insist upon strict adherence to that term or any other term of this Agreement. 

  

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	 	(d)	Severability. In the event that any one or more of the provisions of this Agreement shall be or become invalid, illegal or unenforceable in any respect, the
validity, legality and enforceability of the remaining provisions of this Agreement shall not be affected thereby. 

  

	 	(e)	Assignment. This Agreement, and all of each party’s rights, duties and obligations hereunder, shall not be assignable or delegable by either party. Any
purported assignment or delegation by either party in violation of the foregoing shall be null and void ab initio and of no force and effect. ICG LP will require any successor (whether direct or indirect, by purchase, merger, consolidation, transfer
or otherwise) to all or substantially all of the assets of ICG LP to expressly assume and agree to perform this Agreement in the same manner and to the same extent that ICG LP would be required to perform hereunder. 

  

	 	(f)	Successors; Binding Agreement. This Agreement shall inure to the benefit of and be binding upon personal or legal representatives, executors, administrators,
successors, heirs, distributes, devisees and legatees. 

  

	 	(g)	Notice. For the purpose of this Agreement, notices and all other communications provided for in the Agreement shall be in writing and shall be deemed to have
been duly given when delivered by hand or overnight courier or three days after it has been mailed by United States registered mail, return receipt requested, postage prepaid, addressed to the respective addresses set forth below in this Agreement,
or to such other address as either party may have furnished to the other in writing in accordance herewith, except that notice of change of address shall be effective only upon receipt. 

  

	 	    	If to the ICG LP: 

 Imperial Capital Group, LLC 
 2000 Avenue of the Stars 
 9th Floor, South Tower 
 Los Angeles, CA 90067 
 Telephone: (310) 246-3700

 Facsimile: 
 Attention: General Counsel 
  

	 	    	If to Executive: To the most recent address of Executive set forth in the personnel records of the ICG LP. 

  

	 	(h)	Executive Representation. Executive hereby represents to ICG LP that the execution and delivery of this Agreement by Executive and ICG LP and the performance by
Executive of Executive’s duties hereunder shall not constitute a breach of, or otherwise contravene, the terms of any employment agreement or other agreement or policy to which Executive is a party or otherwise bound. 

 

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	 	(i)	Cooperation. Following the Employment Term, Executive shall reasonably cooperate with ICG LP in connection with any action or proceeding (or any appeal from any
action or proceeding) which relates to events occurring during Executive’s employment hereunder (other than any action or proceeding with respect to this Agreement). ICG LP shall reimburse all reasonable costs and expenses of Executive as
a result of such cooperation, including lost wages, travel costs and legal fees to the extent Executive reasonably believes that separate representation is warranted, and any reimbursement must be made on or before the last day of the year following
the year in which the expense was incurred. Executive’s entitlement to reimbursement of expenses, including legal fees pursuant to this Section 10(i), shall in no way affect Executive’s rights to be indemnified and/or advanced
expenses in accordance with ICG LP’s or any Affiliates corporate documents, insurance policies and/or in accordance with this Agreement. In no event shall Executive be required to act against the best interests of any new employer or new
business venture in which he is a partner or active participant, and any request for such cooperation shall take into account (i) the significance of the matters at issue in the litigation, arbitration, proceeding or investigation and
(ii) Executive’s other personal and business commitments.

  

	 	(j)	Withholding Taxes. ICG LP may withhold from any amounts payable under this Agreement such federal, state and local income and employment taxes as may in ICG
LP’s judgment be required to be withheld pursuant to any applicable law or regulation. 

  

	 	(k)	Counterparts. This Agreement may be signed in counterparts, each of which shall be an original, with the same effect as if the signatures thereto and hereto were
upon the same instrument. 

  

	 	(l)	 Compliance with IRC Section 409A. Notwithstanding anything herein to the contrary, (i) if at the time of Executive’s termination
of employment with ICG LP Executive is a “specified employee” as defined in Section 409A of the Code and the deferral of the commencement of any payments or benefits otherwise payable hereunder as a result of such termination of
employment is necessary in order to prevent any accelerated or additional tax under Section 409A of the Code, then ICG LP will defer the commencement of the payment of any such payments or benefits hereunder (without any reduction in such
payments or benefits ultimately paid or provided to Executive) until the date that is six months following Executive’s termination of employment with ICG LP (or the earliest date as is permitted under Section 409A of the Code) and
(ii) if any other payments of money or other benefits due to Executive hereunder could cause the application of an accelerated or additional tax under Section 409A of the Code, such payments or other benefits shall be deferred if deferral
will make such payment or other benefits compliant under Section 409A of the Code, or otherwise such payment or other benefits shall be restructured, to the extent possible, in a manner, determined by the Board, that does not cause such an
accelerated or additional tax. In the event that payments under this Agreement are deferred pursuant to this Section 10(l) in order to prevent any accelerated tax or additional tax under Section 409A of the Code, then such

  

 11 

	 	 
payments shall be paid at the time specified under this Section 10(l) (together with interest for any additional deferral period resulting from this Section 10(l) at the applicable
federal rate under Section 7872(f)(2)(A) of the Code in effect on the date of termination). ICG LP shall consult with Executive in good faith regarding the implementation of this Section 10(l); provided that neither the ICG LP nor
any of its employees or representatives shall have any liability to Executive with respect thereto. Notwithstanding anything to the contrary herein, a termination of employment shall not be deemed to have occurred for purposes of any provision of
this Agreement providing for the payment of amounts or benefits upon or following a termination of employment unless such termination is also a “separation from service” within the meaning of Section 409A of the Code and, for purposes
of any such provision of this Agreement, references to a “resignation,” “termination,” “termination of employment” or like terms shall mean separation from service. In addition, the entitlement to any series of payments
provided for in this Agreement shall be treated as multiple payments rather than a single payment for purposes of Section 409A. 

  

	 	(m)	No Mitigation. Executive shall not be required to mitigate the amount of any payment provided for pursuant to this Agreement by seeking other employment or
otherwise and the amount of any payment provided for pursuant to this Agreement shall not be reduced by any compensation earned as a result of subsequent employment of Executive following the termination of his employment hereunder.

  

	 	(n)	Resignation as Member of Board. If Executive’s employment with ICG LP is terminated for any reason, Executive hereby agrees to resign, as of the date of
such termination and to the extent applicable, as a member of the Board and the board of directors or managers (and any committees thereof) of any of ICG LP’s Affiliates. 

  

	 	(o)	Arbitration. Any controversy, dispute, or claim arising out of, in connection with, or in relation to, the interpretation, performance or breach of this
Agreement, other than injunctive relief under Section 9 hereof, shall be settled exclusively by arbitration conducted in Los Angeles, California, by and in accordance with the applicable rules of the American Arbitration Association (the
“Rules”). Each of the parties hereto agrees that such arbitration shall be conducted by a single arbitrator selected in accordance with the Rules; provided that such arbitrator must be experienced in deciding cases concerning the matter
which is the subject of the dispute. Each of the parties hereto agrees to treat as confidential the results of any arbitration (including, without limitation, any findings of fact and/or law made by the arbitrator) and not to disclose such results
to any unauthorized person. The parties intend that this agreement to arbitrate be valid, enforceable and irrevocable. With respect to any arbitration hereunder, each party shall pay its own legal fees and expenses; provided that (i) ICG
LP shall pay the reasonable legal fees and expenses of Executive if the arbitrator determines there was no reasonable basis for ICG LP’s claim or position, and (ii) Executive shall pay the reasonable legal fees and expenses of ICG LP if
the arbitrator determines there was no reasonable basis for Executive’s claim or position; provided, further, that the parties agree to share the cost of the arbitrator’s fees in any event. Nothing in this arbitration provision
shall prevent the parties from seeking injunctive, equitable and/or other appropriate relief to enforce Section 9 in a court of competent jurisdiction. 

  

 12 

	 	(p)	Obligations of Imperial Capital. Imperial Capital shall indemnify Executive in accordance with the terms of the Imperial Capital by-laws (or other provisions of
its governance documents) as in effect on the Effective Date except to the extent that such indemnification would be a violation of applicable law. In addition, during the Employment Term, Imperial Capital shall nominate Executive for a seat on the
Board upon the expiration of Executive’s current term as a director, and upon the expiration of each subsequent term thereafter (or, in the event that Executive is not elected to the Board at any annual meeting of Imperial Capital’s annual
meeting of stockholders, at not less than one annual meeting following the first annual meeting at which he is not elected). 

  

	 	(q)	Indemnification. ICG LP shall indemnify Executive to the full extent provided in ICG LP’s partnership agreement in connection with Executive’s
activities as an officer of ICG LP. 

  

	 	(r)	Modification. No change, modification or waiver of any provision of this Agreement shall be valid unless the same is in writing and signed by the parties hereto.

  

	 	(s)	Survival. Notwithstanding the termination of the Employment Term, the provisions of Sections 6, 7, 8, 9 and 10 of this Agreement shall survive any such
termination. 

  

	 	(t)	Defined Terms. For purposes of this Agreement, the following capitalized terms shall have their respective meanings set forth below: 

 “Affiliate” shall mean with respect to any Person, any other Person that controls, is controlled by, or is under common control
with such Person. The term “control,” as used in this Agreement, means the power to direct or cause the direction of the management and policies of such Person, directly or indirectly, whether through the ownership of voting securities, by
contract or otherwise. “Controlled” and “controlling” have meanings correlative to the foregoing. For the avoidance of doubt, Imperial Capital is in control of ICG LP. 
 “Cause” shall mean the occurrence of any of the following: 
 (A) Executive’s willful and continued failure (other than by reason of incapacity due to physical or mental illness) to perform the
material and lawful duties of his employment after notice from ICG LP of such failure and his inability or unwillingness to correct such failure (prospectively) within 10 days following such notice; 
 (B) Executive’s conviction of, or plea of no contest to, a felony involving fraud or moral turpitude; 
 (C) Executive’s intentional commission at any time in the performance of his duties hereunder of any act of fraud, embezzlement,
misappropriation of ICG LP property, moral turpitude or breach of fiduciary duty against ICG LP that has a material adverse effect on ICG LP or Affiliate thereof; or 
  

 13 

 (D) Executive’s willful material violation of ICG LP’s statement of corporate
policy and code of conduct at any time after such statement and code have been adopted by the Board and have been set forth in writing and delivered to Executive; 
 provided, that in the case of (A) above, no act, or failure to act, on Executive’s part shall be considered “willful” unless done, or omitted to be done, by him in bad faith or
without reasonable belief that his action or omission was in the best interest of ICG LP or any of its Affiliates. Notwithstanding the foregoing, no act, omission or circumstance shall be deemed grounds to constitute “Cause” ninety
(90) days following the occurrence of or, if later, the date the Board had knowledge of, such act, omission or circumstance, unless the Board has given Executive written notice thereof prior to such date. 
 “Change in Control” shall have the meaning assigned to such term in the 2010 Equity Plan as of the date of this Agreement.

 “Code” shall mean the Internal Revenue Code of 1986, as amended, and the Treasury Regulations thereunder as in
effect at the time of reference. 
 “Common Stock” shall mean the Class A common stock, $0.01 par value, of
Imperial Capital. 
 “Disability” shall mean that Executive has become physically or mentally incapacitated and is
therefore unable for a period of 180 consecutive days or for an aggregate of 180 days in any consecutive twelve month period to perform substantially all of Executive’s material duties. Any question as to the existence of the Disability of
Executive as to which Executive and ICG LP cannot agree shall be determined in writing by a qualified independent physician mutually acceptable to Executive and ICG LP. All costs associated with the determination by the qualified independent
physician shall be paid by ICG LP. If Executive and ICG LP cannot agree as to a qualified independent physician, each shall appoint such a physician and those two physicians shall select a third who shall make such determination in writing. To the
extent applicable, all costs associated with the appointment and determination by the third physician shall be paid by ICG LP. The determination of Disability made in writing to ICG LP and Executive shall be final and conclusive for all purposes of
this Agreement. 
 “Effective Date” shall mean the date upon which the Initial IPO is consummated. 
 “Good Reason” shall mean the occurrence of any of the following: 
 (A) a failure of ICG LP to continue Executive in the position of, and with the titles of, President; 
 (B) a material diminution or undue dilution in the nature or scope of Executive’s employment responsibilities, duties or authority, a
material

  

 14 

 
interference with the discharge of Executive’s responsibilities, duties or authority or the assignment to Executive of duties or responsibilities that are materially and adversely
inconsistent with his then position; 
 (C) a failure of Executive to be elected to the Board of Directors of Imperial Capital
at any annual meeting of Imperial Capital’s stockholders that occurs during the Employment Term (unless Executive is prohibited from serving as a member of the Board by any applicable law, rule or regulation (including without limitation any
rule promulgated by any national securities exchange on which the Company’s shares are listed)); 
 (D) a material breach
by ICG LP of any term of this Agreement; 
 (E) a failure of ICG LP to timely make any material payment or provide any material
benefit under this Agreement, or ICG LP’s reduction of any compensation or equity or any material reduction of any benefits that Executive is eligible to receive under this Agreement; or 
 (F) a relocation by more than 50 miles of ICG LP’s principal offices from 2000 Avenue of the Stars, Los Angeles, CA 90067 without
Executive’s prior written consent; 
 provided that the occurrence of any of the foregoing events in (A), (B), (C),
(D) or (E) shall constitute Good Reason only if ICG LP fails to cure such event within 60 days after receipt from Executive of written notice of such occurrence; provided, further, that Good Reason shall cease to exist
following 60 days after the later of its occurrence or Executive’s knowledge thereof, unless Executive has given ICG LP written notice thereof prior to such date. 
 “Initial IPO” shall mean the consummation of the sale to the public of the Common Stock contemplated by and pursuant to the Registration Statement on Form S-1 filed with the Securities and
Exchange Commission, as amended, pursuant to Registration Number 333-162614. 
 [Remainder of page left intentionally blank.]

  

 15 

 IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of the date first
above written. 
 IMPERIAL CAPITAL GROUP, L.P. 
  
 _______________________________ 
 By: 
 Its: 
  
  
  
 EXECUTIVE 
 _______________________________ 
  
  
 And for the purpose of joining in, and being bound by, 
 Section 10(p) of this Agreement (but not otherwise). 
 IMPERIAL CAPITAL GROUP, INC. 
  
  
  
 By: 
 Its: 
  

 162010 Equity Incentive Plan

 Exhibit 10.4(i) 
 TELEGENT SYSTEMS, INC. 
 2010 EQUITY INCENTIVE PLAN 
 ADOPTED BY THE BOARD OF DIRECTORS: OCTOBER 31, 2009 
 APPROVED BY THE STOCKHOLDERS: DECEMBER 21, 2009 
 TERMINATION DATE: OCTOBER 30, 2019 
  

	1.	GENERAL. 

 (a) Successor to and Continuation of Prior Plan. The Plan is intended as the successor to and continuation of the Telegent Systems, Inc. 2004 Share Plan (the “Prior Plan”). Following the Effective Date, no
additional stock awards shall be granted under the Prior Plan. Any shares remaining available for issuance pursuant to the exercise of options or issuance of stock purchase awards under the Prior Plan as of the Effective Date (the “Prior
Plan’s Available Reserve”) shall become available for issuance pursuant to Stock Awards granted hereunder. From and after the Effective Date, all outstanding stock awards granted under the Prior Plan shall remain subject to the
terms of the Prior Plan; provided, however, any shares subject to outstanding stock awards granted under the Prior Plan that expire or terminate for any reason prior to exercise or are forfeited because of the failure to meet a contingency or
condition required to vest such shares (the “Returning Shares”) shall become available for issuance pursuant to Awards granted hereunder. All Awards granted on or after the Effective Date of this Plan shall be subject to the
terms of this Plan. 
 (b) Eligible Award Recipients. The persons eligible to receive Awards are Employees, Directors and
Consultants. 
 (c) Available Awards. The Plan provides for the grant of the following Awards: (i) Incentive Stock
Options, (ii) Nonstatutory Stock Options, (iii) Stock Appreciation Rights (iv) Restricted Stock Awards, (v) Restricted Stock Unit Awards, (vi) Performance Stock Awards, (vii) Performance Cash Awards, and
(viii) Other Stock Awards. 
 (d) Purpose. The Company, by means of the Plan, seeks to secure and retain the
services of the group of persons eligible to receive Awards as set forth in Section 1(b), to provide incentives for such persons to exert maximum efforts for the success of the Company and any Affiliate and to provide a means by which such
eligible recipients may be given an opportunity to benefit from increases in value of the Common Shares through the granting of Awards. 
  

	2.	ADMINISTRATION. 

 (a) Administration by Board. The Board shall administer the Plan unless and until the Board delegates administration of the Plan to a Committee or Committees, as provided in Section 2(c). 
 (b) Powers of Board. The Board shall have the power, subject to, and within the limitations of, the express provisions of the Plan:

 (i) To determine from time to time (A) which of the persons eligible under the Plan shall be granted Awards;
(B) when and how each Award shall be granted; (C) what type or combination of types of Award shall be granted; (D) the provisions of each Award granted (which need not be identical), including the time or times when a person shall be
permitted to receive cash or Common Shares pursuant to a Stock Award; (E) the number of Common Shares with respect to which a Stock Award shall be granted to each such person; and (F) the Fair Market Value applicable to a Stock Award.

  

 1. 

 (ii) To construe and interpret the Plan and Awards granted under it, and to
establish, amend and revoke rules and regulations for its administration. The Board, in the exercise of this power, may correct any defect, omission or inconsistency in the Plan or in any Stock Award Agreement or in the written terms of a
Performance Cash Award, in a manner and to the extent it shall deem necessary or expedient to make the Plan or Award fully effective. 
 (iii) To settle all controversies regarding the Plan and Awards granted under it. 
 (iv) To accelerate
the time at which an Award may first be exercised or the time during which an Award or any part thereof will vest in accordance with the Plan, notwithstanding the provisions in the Award stating the time at which it may first be exercised or the
time during which it will vest. 
 (v) To suspend or terminate the Plan at any time. Suspension or termination of the
Plan shall not impair rights and obligations under any Award granted while the Plan is in effect except with the written consent of the affected Participant. 
 (vi) To amend the Plan in any respect the Board deems necessary or advisable, including, without limitation, by adopting amendments relating to Incentive Stock Options and certain nonqualified
deferred compensation under Section 409A of the Code and/or to bring the Plan or Awards granted under the Plan into compliance therewith, subject to the limitations, if any, of applicable law. However, except as provided in Section 9(a)
relating to Capitalization Adjustments, to the extent required by applicable law or listing requirements, stockholder approval shall be required for any amendment of the Plan that either (A) materially increases the number of Common Shares
available for issuance under the Plan, (B) materially expands the class of individuals eligible to receive Awards under the Plan, (C) materially increases the benefits accruing to Participants under the Plan or materially reduces the price
at which Common Shares may be issued or purchased under the Plan, (D) materially extends the term of the Plan, or (E) expands the types of Awards available for issuance under the Plan. Except as provided above, rights under any Award
granted before amendment of the Plan shall not be impaired by any amendment of the Plan unless (1) the Company requests the consent of the affected Participant, and (2) such Participant consents in writing. 
 (vii) To submit any amendment to the Plan for stockholder approval, including, but not limited to, amendments to the Plan intended to
satisfy the requirements of (A) Section 162(m) of the Code regarding the exclusion of performance-based compensation from the limit on corporate deductibility of compensation paid to Covered Employees, (B) Section 422 of the Code
regarding “incentive stock options” or (C) Rule 16b-3. 
  

 2. 

 (viii) To approve forms of Award Agreements for use under the Plan and to amend the
terms of any one or more Awards, including, but not limited to, amendments to provide terms more favorable to the Participant than previously provided in the Award Agreement, subject to any specified limits in the Plan that are not subject to Board
discretion; provided however, that except with respect to amendments that disqualify or impair the status of an Incentive Stock Option, a Participant’s rights under any Award shall not be impaired by any such amendment unless
(A) the Company requests the consent of the affected Participant, and (B) such Participant consents in writing. Notwithstanding the foregoing, subject to the limitations of applicable law, if any, the Board may amend the terms of any one
or more Awards without the affected Participant’s consent if necessary to maintain the qualified status of the Award as an Incentive Stock Option or to bring the Award into compliance with Section 409A of the Code. 
 (ix) Generally, to exercise such powers and to perform such acts as the Board deems necessary or expedient to promote the best
interests of the Company and that are not in conflict with the provisions of the Plan or Awards. 
 (x) To adopt such
procedures and sub-plans as are necessary or appropriate to permit participation in the Plan by Employees, Directors or Consultants who are foreign nationals or employed outside the United States. 
 (xi) To effect, at any time and from time to time, with the consent of any adversely affected Participant, (A) the reduction of
the exercise price (or strike price) of any outstanding Option or SAR under the Plan; (B) the cancellation of any outstanding Option or SAR under the Plan and the grant in substitution therefor of (1) a new Option or SAR under the Plan or
another equity plan of the Company covering the same or a different number of Common Shares, (2) a Restricted Stock Award, (3) a Restricted Stock Unit Award, (4) an Other Stock Award, (5) cash and/or (6) other valuable
consideration (as determined by the Board, in its sole discretion); or (C) any other action that is treated as a repricing under generally accepted accounting principles. 
 (c) Delegation to Committee. 
 (i) General. The Board may delegate some or all of the administration of the Plan to a Committee or Committees. If administration of the Plan is delegated to a Committee, the Committee shall have,
in connection with the administration of the Plan, the powers theretofore possessed by the Board that have been delegated to the Committee, including the power to delegate to a subcommittee of the Committee any of the administrative powers the
Committee is authorized to exercise (and references in this Plan to the Board shall thereafter be to the Committee or subcommittee), subject, however, to such resolutions, not inconsistent with the provisions of the Plan, as may be adopted from time
to time by the Board. The Board may retain the authority to concurrently administer the Plan with the Committee and may, at any time, revest in the Board some or all of the powers previously delegated. 
 (ii) Section 162(m) and Rule 16b-3 Compliance. The Committee may consist solely of two or more Outside Directors, in accordance
with Section 162(m) of the Code, or solely of two or more Non-Employee Directors, in accordance with Rule 16b-3. 
  

 3. 

 (d) Delegation to an Officer. The Board may delegate to one (1) or more Officers
the authority to do one or both of the following (i) designate Employees who are providing Continuous Service to the Company or any of its Subsidiaries who are not Officers to be recipients of Options and Stock Appreciation Rights (and, to the
extent permitted by applicable law, other Stock Awards) and the terms thereof, and (ii) determine the number of shares of Common Shares to be subject to such Stock Awards granted to such Employees; provided, however, that the Board resolutions
regarding such delegation shall specify the total number of shares of Common Shares that may be subject to the Stock Awards granted by such Officer and that such Officer may not grant a Stock Award to himself or herself. Notwithstanding the
foregoing, the Board may not delegate authority to an Officer to determine the Fair Market Value pursuant to Section 13(v)(iii) below. 
 (e) Effect of Board’s Decision. All determinations, interpretations and constructions made by the Board in good faith shall not be subject to review by any person and shall be final, binding
and conclusive on all persons. 
  

	3.	SHARES SUBJECT TO THE PLAN. 

 (a) Share Reserve. Subject to Section 9(a) relating to Capitalization Adjustments, the aggregate number of
Common Shares of the Company that may be issued pursuant to Stock Awards after the Effective Date shall not exceed Twenty-One Million (21,000,000) Common Shares (the “Share Reserve”), which number is the sum of
(i) the number of shares subject to the Prior Plan’s Available Reserve, plus an additional number of shares in an amount not to exceed Nineteen Million Five Hundred Thousand (19,500,000) Common Shares (which number consists of the
Returning Shares, if any, as such shares become available from time to time). In addition, the Share Reserve shall automatically increase on April 1st of each year for a period of ten (10) years commencing on April 1, 2010 and ending on (and including)
April 1, 2019, in an amount equal to the lesser of (i) five percent (5%) of the total number of Common Shares outstanding on the last day of the preceding fiscal year, or (ii) five million (5,000,000) Common Shares.
Notwithstanding the foregoing, the Board may act prior to the first day of any calendar year, to provide that there shall be no increase in the Share Reserve for such fiscal year or that the increase in the Share Reserve for such fiscal year shall
be a lesser number of Common Shares than would otherwise occur pursuant to the preceding sentence. For clarity, the limitation in this Section (a) is a limitation in the number of Common Shares that may be issued pursuant to the Plan.
Accordingly, this Section 3(a) does not limit the granting of Stock Awards except as provided in Section 7(a). Shares may be issued in connection with a merger or acquisition as permitted by, as applicable, NASDAQ Marketplace Rule
4350(i)(1)(A)(iii), NYSE Listed Company Manual Section 303A.08, AMEX Company Guide Section 711 or other applicable stock exchange rules, and such issuance shall not reduce the number of shares available for issuance under the Plan.
Furthermore, if a Stock Award or any portion thereof (i) expires or otherwise terminates without all of the shares covered by such Stock Award having been issued or (ii) is settled in cash (i.e., the Participant receives cash rather
than stock), such expiration, termination or settlement shall not reduce (or otherwise offset) the number of Common Shares that may be available for issuance under the Plan. 
 (b) Reversion of Shares to the Share Reserve. If any Common Shares issued pursuant to a Stock Award are forfeited back to the Company
because of the failure to meet a

  

 4. 

 
contingency or condition required to vest such shares in the Participant, then the shares that are forfeited shall revert to and again become available for issuance under the Plan. Any shares
reacquired by the Company pursuant to Section 8(g) or as consideration for the exercise of an Option shall again become available for issuance under the Plan. 
 (c) Incentive Stock Option Limit. Notwithstanding anything to the contrary in this Section 3 and, subject to the provisions of Section 9(a) relating to Capitalization Adjustments, the
aggregate maximum number of Common Shares that may be issued pursuant to the exercise of Incentive Stock Options shall be Twenty-One Million (21,000,000) Common Shares, plus the amount of any annual increase in the number of shares that may be
available for issuance pursuant to Stock Awards pursuant to Section 3(a). 
 (d) Source of Shares. The stock
issuable under the Plan shall be shares of authorized but unissued or reacquired Common Shares, including shares repurchased by the Company on the open market or otherwise. 
  

	4.	ELIGIBILITY. 

 (a) Eligibility for Specific Stock Awards. Incentive Stock Options may be granted only to employees of the Company or a “parent corporation” or “subsidiary corporation” thereof (as such terms are defined in
Sections 424(e) and (f) of the Code). Stock Awards other than Incentive Stock Options may be granted to Employees, Directors and Consultants; provided, however, Nonstatutory Stock Options and SARs may not be granted to Employees,
Directors and Consultants who are providing Continuous Service only to any “parent” of the Company, as such term is defined in Rule 405, unless the stock underlying such Stock Awards is treated as “service recipient stock”
under Section 409A of the Code because the Stock Awards are granted pursuant to a corporate transaction (such as a spin off transaction) or unless such Stock Awards comply with the distribution requirements of Section 409A of the Code.

 (b) Ten Percent Stockholders. A Ten Percent Stockholder shall not be granted an Incentive Stock Option unless the
exercise price of such Option is at least one hundred ten percent (110%) of the Fair Market Value on the date of grant and the Option is not exercisable after the expiration of five (5) years from the date of grant. 
 (c) Section 162(m) Limitation on Annual Grants. Subject to the provisions of Section 9(a) relating to Capitalization
Adjustments, at such time as the Company may be subject to the applicable provisions of Section 162(m) of the Code, no Participant shall be eligible to be granted during any calendar year Options, Stock Appreciation Rights and Other Stock
Awards whose value is determined by reference to an increase over an exercise or strike price of at least one hundred percent (100%) of the Fair Market Value on the date the Stock Award is granted covering more than Three Million
(3,000,000) Common Shares. 
  

	5.	PROVISIONS RELATING TO OPTIONS AND STOCK APPRECIATION
RIGHTS. 

 Each Option or SAR shall be in such form and shall contain such terms and conditions
as the Board shall deem appropriate. All Options shall be separately designated Incentive Stock Options or Nonstatutory Stock Options at the time of grant, and, if certificates are issued, a separate certificate or certificates shall be issued for
Common Shares purchased on exercise of

  

 5. 

 
each type of Option. If an Option is not specifically designated as an Incentive Stock Option, then the Option shall be a Nonstatutory Stock Option. The provisions of separate Options or SARs
need not be identical; provided, however, that each Option Agreement or Stock Appreciation Right Agreement shall conform to (through incorporation of provisions hereof by reference in the applicable Award Agreement or otherwise) the substance
of each of the following provisions: 
 (a) Term. Subject to the provisions of Section 4(b) regarding Ten Percent
Stockholders, no Option or SAR shall be exercisable after the expiration of ten (10) years from the date of its grant or such shorter period specified in the Award Agreement. 
 (b) Exercise Price. Subject to the provisions of Section 4(b) regarding Ten Percent Stockholders, the exercise price (or strike
price) of each Option or SAR shall be not less than one hundred percent (100%) of the Fair Market Value of the Common Shares subject to the Option or SAR on the date the Option or SAR is granted. Notwithstanding the foregoing, an Option or SAR
may be granted with an exercise price (or strike price) lower than one hundred percent (100%) of the Fair Market Value of the Common Shares subject to the Option or SAR if such Option or SAR is granted pursuant to an assumption of or
substitution for another option or stock appreciation right pursuant to a Corporate Transaction and in a manner consistent with the provisions of Sections 409A and, if applicable, 424(a) of the Code. Each SAR will be denominated in Common Share
equivalents. 
 (c) Purchase Price for Options. The purchase price of Common Shares acquired pursuant to the exercise of
an Option shall be paid, to the extent permitted by applicable law and as determined by the Board in its sole discretion, by any combination of the methods of payment set forth below. The Board shall have the authority to grant Options that do not
permit all of the following methods of payment (or otherwise restrict the ability to use certain methods) and to grant Options that require the consent of the Company to utilize a particular method of payment. The permitted methods of payment are as
follows: 
 (i) by cash, check, bank draft or money order payable to the Company; 
 (ii) pursuant to a program developed under Regulation T as promulgated by the Federal Reserve Board that, prior to the issuance of
the stock subject to the Option, results in either the receipt of cash (or check) by the Company or the receipt of irrevocable instructions to pay the aggregate exercise price to the Company from the sales proceeds; 
 (iii) by delivery to the Company (either by actual delivery or attestation) of Common Shares; 
 (iv) if the option is a Nonstatutory Stock Option, by a “net exercise” arrangement pursuant to which the Company will
reduce the number of Common Shares issuable upon exercise by the largest whole number of shares with a Fair Market Value that does not exceed the aggregate exercise price; provided, however, that the Company shall accept a cash or other
payment from the Participant to the extent of any remaining balance of the aggregate exercise price not satisfied by such reduction in the number of whole shares to be issued; provided, further, that Common Shares will no longer be subject to
an Option and will not be

  

 6. 

 
exercisable thereafter to the extent that (A) shares issuable upon exercise are reduced to pay the exercise price pursuant to the “net exercise,” (B) shares are delivered to
the Participant as a result of such exercise, and (C) shares are withheld to satisfy tax withholding obligations; or 
 (v) in any other form of legal consideration that may be acceptable to the Board. 
 (d) Exercise and Payment
of a SAR. To exercise any outstanding Stock Appreciation Right, the Participant must provide written notice of exercise to the Company in compliance with the provisions of the Stock Appreciation Right Agreement evidencing such Stock Appreciation
Right. The appreciation distribution payable on the exercise of a Stock Appreciation Right will be not greater than an amount equal to the excess of (A) the aggregate Fair Market Value (on the date of the exercise of the Stock Appreciation
Right) of a number of Common Shares equal to the number of Common Share equivalents in which the Participant is vested under such Stock Appreciation Right, and with respect to which the Participant is exercising the Stock Appreciation Right on such
date, over (B) the strike price that will be determined by the Board at the time of grant of the Stock Appreciation Right. The appreciation distribution in respect to a Stock Appreciation Right may be paid in Common Shares, in cash, in any
combination of the two or in any other form of consideration, as determined by the Board and contained in the Stock Appreciation Right Agreement evidencing such Stock Appreciation Right. 
 (e) Transferability of Options and SARs. The Board may, in its sole discretion, impose such limitations on the transferability of
Options and SARs as the Board shall determine. In the absence of such a determination by the Board to the contrary, the following restrictions on the transferability of Options and SARs shall apply: 
 (i) Restrictions on Transfer. An Option or SAR shall not be transferable except by will or by the laws of descent and distribution
and shall be exercisable during the lifetime of the Participant only by the Participant; provided, however, that the Board may, in its sole discretion, permit transfer of the Option or SAR in a manner that is not prohibited by applicable tax
and securities laws upon the Participant’s request. Except as explicitly provided herein, neither an Option nor a SAR may be transferred for consideration. 
 (ii) Domestic Relations Orders. Notwithstanding the foregoing, an Option or SAR may be transferred pursuant to a domestic relations order; provided, however, that if an Option is an
Incentive Stock Option, such Option may be deemed to be a Nonstatutory Stock Option as a result of such transfer. 
 (iii)
Beneficiary Designation. Notwithstanding the foregoing, the Participant may, by delivering written notice to the Company, in a form provided by or otherwise satisfactory to the Company and any broker designated by the Company to effect Option
exercises, designate a third party who, in the event of the death of the Participant, shall thereafter be entitled to exercise the Option or SAR and receive the Common Shares or other consideration resulting from such exercise. In the absence of
such a designation, the executor or administrator of the Participant’s estate shall be entitled to exercise the Option or SAR and receive the Common Shares or other consideration resulting from such exercise. 
  

 7. 

 (f) Vesting Generally. The total number of Common Shares subject to an Option or SAR
may vest and therefore become exercisable in periodic installments that may or may not be equal. The Option or SAR may be subject to such other terms and conditions on the time or times when it may or may not be exercised (which may be based on the
satisfaction of Performance Goals or other criteria) as the Board may deem appropriate. The vesting provisions of individual Options or SARs may vary. The provisions of this Section 5(f) are subject to any Option or SAR provisions governing the
minimum number of Common Shares as to which an Option or SAR may be exercised. 
 (g) Termination of Continuous Service.
Except as otherwise provided in the applicable Award Agreement or other agreement between the Participant and the Company, if a Participant’s Continuous Service terminates (other than for Cause or upon the Participant’s death or
Disability), the Participant may exercise his or her Option or SAR (to the extent that the Participant was entitled to exercise such Award as of the date of termination of Continuous Service) but only within such period of time ending on the earlier
of (i) the date ninety (90) days following the termination of the Participant’s Continuous Service (or such longer or shorter period specified in the applicable Award Agreement), or (ii) the expiration of the term of the Option
or SAR as set forth in the Award Agreement. If, after termination of Continuous Service, the Participant does not exercise his or her Option or SAR within the time specified herein or in the Award Agreement (as applicable), the Option or SAR shall
terminate. 
 (h) Extension of Termination Date. If the exercise of an Option or SAR following the termination of the
Participant’s Continuous Service (other than for Cause or upon the Participant’s death or Disability) would be prohibited at any time solely because the issuance of Common Shares would violate the registration requirements under the
Securities Act, then the Option or SAR shall terminate on the earlier of (i) the expiration of a total period of three (3) months (that need not be consecutive) after the termination of the Participant’s Continuous Service during
which the exercise of the Option or SAR would not be in violation of such registration requirements, or (ii) the expiration of the term of the Option or SAR as set forth in the applicable Award Agreement. In addition, unless otherwise provided
in a Participant’s Award Agreement, if the sale of any Common Shares received upon exercise of an Option or SAR following the termination of the Participant’s Continuous Service (other than for Cause) would violate the Company’s
insider trading policy, then the Option or SAR shall terminate on the earlier of (i) the expiration of a period equal to the applicable post-termination exercise period after the termination of the Participant’s Continuous Service during
which the exercise of the Option or SAR would not be in violation of the Company’s insider trading policy, or (ii) the expiration of the term of the Option or SAR as set forth in the applicable Award Agreement. 
 (i) Disability of Participant. Except as otherwise provided in the applicable Award Agreement or other agreement between the
Participant and the Company, if a Participant’s Continuous Service terminates as a result of the Participant’s Disability, the Participant may exercise his or her Option or SAR (to the extent that the Participant was entitled to exercise
such Option or SAR as of the date of termination of Continuous Service), but only within such period of time ending on the earlier of (i) the date six (6) months following such termination of Continuous Service (or such longer or shorter
period specified in the Award Agreement), or (ii) the expiration of the term of the Option or SAR as set forth in the Award Agreement. If, after termination of Continuous Service, the Participant does not exercise his or her Option or SAR
within the time specified herein or in the Award Agreement (as applicable), the Option or SAR (as applicable) shall terminate. 
  

 8. 

 (j) Death of Participant. Except as otherwise provided in the applicable Award
Agreement or other agreement between the Participant and the Company, if (i) a Participant’s Continuous Service terminates as a result of the Participant’s death, or (ii) the Participant dies within the period (if any) specified
in the Award Agreement after the termination of the Participant’s Continuous Service for a reason other than death, then the Option or SAR may be exercised (to the extent the Participant was entitled to exercise such Option or SAR as of the
date of death) by the Participant’s estate, by a person who acquired the right to exercise the Option or SAR by bequest or inheritance or by a person designated to exercise the Option or SAR upon the Participant’s death, but only within
the period ending on the earlier of (i) the date twelve (12) months following the date of death (or such longer or shorter period specified in the Award Agreement), or (ii) the expiration of the term of such Option or SAR as set forth
in the Award Agreement. If, after the Participant’s death, the Option or SAR is not exercised within the time specified herein or in the Award Agreement (as applicable), the Option or SAR shall terminate. 
 (k) Termination for Cause. Except as explicitly provided otherwise in a Participant’s Award Agreement, if a Participant’s
Continuous Service is terminated for Cause, the Option or SAR shall terminate upon the date on which the event giving rise to the termination occurred, and the Participant shall be prohibited from exercising his or her Option or SAR from and after
the time of such termination of Continuous Service. 
 (l) Non-Exempt Employees. No Option or SAR granted to an
Employee who is a non-exempt employee for purposes of the Fair Labor Standards Act of 1938, as amended, shall be first exercisable for any Common Shares until at least six months following the date of grant of the Option or SAR. Notwithstanding the
foregoing, consistent with the provisions of the Worker Economic Opportunity Act, (i) in the event of the Participant’s death or Disability, (ii) upon a Corporate Transaction in which such Option or SAR is not assumed, continued, or
substituted, (iii) upon a Change in Control, or (iv) upon the Participant’s retirement (as such term may be defined in the Participant’s Award Agreement or in another applicable agreement or in accordance with the Company’s
then current employment policies and guidelines), any such vested Options and SARs may be exercised earlier than six months following the date of grant. The foregoing provision is intended to operate so that any income derived by a non-exempt
employee in connection with the exercise or vesting of an Option or SAR will be exempt from his or her regular rate of pay. 
  

	6.	PROVISIONS OF STOCK AWARDS OTHER THAN OPTIONS
AND SARS. 

 (a) Restricted Stock Awards. Each Restricted Stock Award
Agreement shall be in such form and shall contain such terms and conditions as the Board shall deem appropriate. To the extent consistent with the Company’s Bylaws, at the Board’s election, Common Shares may be (x) held in book entry
form subject to the Company’s instructions until any restrictions relating to the Restricted Stock Award lapse; or (y) evidenced by a certificate, which certificate shall be held in such form and manner as determined by the Board. The
terms and conditions of Restricted Stock Award Agreements may change from time to time, and the terms and conditions of separate Restricted Stock Award Agreements need not be identical; provided, however, that

  

 9. 

 
each Restricted Stock Award Agreement shall conform to (through incorporation of the provisions hereof by reference in the agreement or otherwise) the substance of each of the following
provisions: 
 (i) Consideration. A Restricted Stock Award may be awarded in consideration for (A) cash, check, bank
draft or money order payable to the Company, (B) past services to the Company or an Affiliate, or (C) any other form of legal consideration (including future services) that may be acceptable to the Board, in its sole discretion, and
permissible under applicable law. 
 (ii) Vesting. Common Shares awarded under the Restricted Stock Award Agreement may
be subject to forfeiture to the Company in accordance with a vesting schedule to be determined by the Board. 
 (iii)
Termination of Participant’s Continuous Service. If a Participant’s Continuous Service terminates, the Company may receive through a forfeiture condition or a repurchase right any or all of the Common Shares held by the Participant
that have not vested as of the date of termination of Continuous Service under the terms of the Restricted Stock Award Agreement. 
 (iv) Transferability. Rights to acquire Common Shares under the Restricted Stock Award Agreement shall be transferable by the Participant only upon such terms and conditions as are set forth in the Restricted Stock Award Agreement,
as the Board shall determine in its sole discretion, so long as Common Shares awarded under the Restricted Stock Award Agreement remain subject to the terms of the Restricted Stock Award Agreement. 
 (v) Dividends. A Restricted Stock Award Agreement may provide that any dividends paid on Restricted Stock will be subject to the same
vesting and forfeiture restrictions as apply to the shares subject to the Restricted Stock Award to which they relate. 
 (b)
Restricted Stock Unit Awards. Each Restricted Stock Unit Award Agreement shall be in such form and shall contain such terms and conditions as the Board shall deem appropriate. The terms and conditions of Restricted Stock Unit Award Agreements
may change from time to time, and the terms and conditions of separate Restricted Stock Unit Award Agreements need not be identical; provided, however, that each Restricted Stock Unit Award Agreement shall conform to (through incorporation of
the provisions hereof by reference in the Agreement or otherwise) the substance of each of the following provisions: 
 (i)
Consideration. At the time of grant of a Restricted Stock Unit Award, the Board will determine the consideration, if any, to be paid by the Participant upon delivery of each Common Share subject to the Restricted Stock Unit Award. The
consideration to be paid (if any) by the Participant for each Common Share subject to a Restricted Stock Unit Award may be paid in any form of legal consideration that may be acceptable to the Board, in its sole discretion, and permissible under
applicable law. 
 (ii) Vesting. At the time of the grant of a Restricted Stock Unit Award, the Board may impose such
restrictions on or conditions to the vesting of the Restricted Stock Unit Award as it, in its sole discretion, deems appropriate. 
  

 10. 

 (iii) Payment. A Restricted Stock Unit Award may be settled by the delivery of Common
Shares, their cash equivalent, any combination thereof or in any other form of consideration, as determined by the Board and contained in the Restricted Stock Unit Award Agreement. 
 (iv) Additional Restrictions. At the time of the grant of a Restricted Stock Unit Award, the Board, as it deems appropriate, may
impose such restrictions or conditions that delay the delivery of the Common Shares (or their cash equivalent) subject to a Restricted Stock Unit Award to a time after the vesting of such Restricted Stock Unit Award. 
 (v) Dividend Equivalents. Dividend equivalents may be credited in respect of Common Shares covered by a Restricted Stock Unit Award,
as determined by the Board and contained in the Restricted Stock Unit Award Agreement. At the sole discretion of the Board, such dividend equivalents may be converted into additional Common Shares covered by the Restricted Stock Unit Award in such
manner as determined by the Board. Any additional shares covered by the Restricted Stock Unit Award credited by reason of such dividend equivalents will be subject to all of the same terms and conditions of the underlying Restricted Stock Unit Award
Agreement to which they relate. 
 (vi) Termination of Participant’s Continuous Service. Except as otherwise
provided in the applicable Restricted Stock Unit Award Agreement, such portion of the Restricted Stock Unit Award that has not vested will be forfeited upon the Participant’s termination of Continuous Service. 
 (c) Performance Awards. 
 (i) Performance Stock Awards. A Performance Stock Award is a Stock Award that may vest or may be exercised contingent upon the attainment during a Performance Period of certain Performance Goals. A
Performance Stock Award may, but need not, require the completion of a specified period of Continuous Service. The length of any Performance Period, the Performance Goals to be achieved during the Performance Period, and the measure of whether and
to what degree such Performance Goals have been attained shall be conclusively determined by the Committee, in its sole discretion. The maximum number of shares covered by an Award that may be granted to any Participant in a calendar year
attributable to Stock Awards described in this Section 6(c)(i) (whether the grant, vesting or exercise is contingent upon the attainment during a Performance Period of the Performance Goals) shall not exceed Three Million
(3,000,000) Common Shares. The Board may provide for or, subject to such terms and conditions as the Board may specify, may permit a Participant to elect for, the payment of any Performance Stock Award to be deferred to a specified date or
event. In addition, to the extent permitted by applicable law and the applicable Award Agreement, the Board may determine that cash may be used in payment of Performance Stock Awards. 
 (ii) Performance Cash Awards. A Performance Cash Award is a cash award that may be paid contingent upon the attainment during a
Performance Period of certain Performance Goals. A Performance Cash Award may also require the completion of a specified period of Continuous Service. At the time of grant of a Performance Cash Award, the length of any Performance Period, the
Performance Goals to be achieved during the Performance Period,

  

 11. 

 
and the measure of whether and to what degree such Performance Goals have been attained shall be conclusively determined by the Committee, in its sole discretion. In any calendar year, the
Committee may not grant a Performance Cash Award that has a maximum value that may be paid to any Participant in excess of Two Million dollars ($2,000,000). The Board may provide for or, subject to such terms and conditions as the Board may specify,
may permit a Participant to elect for, the payment of any Performance Cash Award to be deferred to a specified date or event. The Committee may specify the form of payment of Performance Cash Awards, which may be cash or other property, or may
provide for a Participant to have the option for his or her Performance Cash Award, or such portion thereof as the Board may specify, to be paid in whole or in part in cash or other property. 
 (iii) Section 162(m) Compliance. Unless otherwise permitted in compliance with the requirements of Section 162(m) of the
Code with respect to an Award intended to qualify as “performance-based compensation” thereunder, the Committee shall establish the Performance Goals applicable to, and the formula for calculating the amount payable under, the Award no
later than the earlier of (a) the date ninety (90) days after the commencement of the applicable Performance Period, or (b) the date on which twenty-five (25%) of the Performance Period has elapsed, and in any event at a time
when the achievement of the applicable Performance Goals remains substantially uncertain. Prior to the payment of any compensation under an Award intended to qualify as “performance-based compensation” under Section 162(m) of the
Code, the Committee shall certify the extent to which any Performance Goals and any other material terms under such Award have been satisfied (other than in cases where such relate solely to the increase in the value of the Common Shares).
Notwithstanding satisfaction of any completion of any Performance Goals, to the extent specified at the time of grant of an Award to “covered employees” within the meaning of Section 162(m) of the Code, the number of Common Shares,
Options, cash or other benefits granted, issued, retainable and/or vested under an Award on account of satisfaction of such Performance Goals may be reduced by the Committee on the basis of such further considerations as the Committee, in its sole
discretion, shall determine. 
 (d) Other Stock Awards. Other forms of Stock Awards valued in whole or in part by
reference to, or otherwise based on, Common Shares, including the appreciation in value thereof (e.g., options or stock rights with an exercise price or strike price less than 100% of the Fair Market Value of the Common Shares at the time of grant)
may be granted either alone or in addition to Stock Awards provided for under Section 5 and the preceding provisions of this Section 6. Subject to the provisions of the Plan, the Board shall have sole and complete authority to determine
the persons to whom and the time or times at which such Other Stock Awards will be granted, the number of Common Shares (or the cash equivalent thereof) to be granted pursuant to such Other Stock Awards and all other terms and conditions of such
Other Stock Awards. 
  

	7.	COVENANTS OF THE COMPANY. 

 (a) Availability of Shares. During the terms of the Stock Awards, the Company shall keep available at all times the number of Common
Shares required to satisfy such Stock Awards. 
  

 12. 

 (b) Securities Law Compliance. The Company shall seek to obtain from each regulatory
commission or agency having jurisdiction over the Plan such authority as may be required to grant Stock Awards and to issue and sell Common Shares upon exercise of the Stock Awards; provided, however, that this undertaking shall not require
the Company to register under the Securities Act the Plan, any Stock Award or any Common Shares issued or issuable pursuant to any such Stock Award. If, after reasonable efforts, the Company is unable to obtain from any such regulatory commission or
agency the authority that counsel for the Company deems necessary for the lawful issuance and sale of Common Shares under the Plan, the Company shall be relieved from any liability for failure to issue and sell Common Shares upon exercise of such
Stock Awards unless and until such authority is obtained. A Participant shall not be eligible for the grant of a Stock Award or the subsequent issuance of Common Shares pursuant to the Stock Award if such grant or issuance would be in violation of
any applicable securities law. 
 (c) No Obligation to Notify or Minimize Taxes. The Company shall have no duty or
obligation to any Participant to advise such holder as to the time or manner of exercising such Stock Award. Furthermore, the Company shall have no duty or obligation to warn or otherwise advise such holder of a pending termination or expiration of
a Stock Award or a possible period in which the Stock Award may not be exercised. The Company has no duty or obligation to minimize the tax consequences of a Stock Award to the holder of such Stock Award. 
  

	8.	MISCELLANEOUS. 

 (a) Use of Proceeds from Sales of Common Shares. Proceeds from the sale of Common Shares pursuant to Stock Awards shall constitute general funds of the Company. 
 (b) Corporate Action Constituting Grant of Stock Awards. Corporate action constituting a grant by the Company of a Stock Award to any
Participant shall be deemed completed as of the date of such corporate action, unless otherwise determined by the Board, regardless of when the instrument, certificate, or letter evidencing the Stock Award is communicated to, or actually received or
accepted by, the Participant. 
 (c) Stockholder Rights. No Participant shall be deemed to be the holder of, or to have
any of the rights of a holder with respect to, any Common Shares subject to such Stock Award unless and until (i) such Participant has satisfied all requirements for exercise of the Stock Award pursuant to its terms, if applicable, and
(ii) the issuance of the Common Shares subject to such Stock Award has been entered into the books and records of the Company. 
 (d) No Employment or Other Service Rights. Nothing in the Plan, any Stock Award Agreement or any other instrument executed thereunder or in connection with any Award granted pursuant thereto shall confer upon any Participant any
right to continue to serve the Company or an Affiliate in the capacity in effect at the time the Stock Award was granted or shall affect the right of the Company or an Affiliate to terminate (i) the employment of an Employee with or without
notice and with or without cause, (ii) the service of a Consultant pursuant to the terms of such Consultant’s agreement with the Company or an Affiliate, or (iii) the service of a Director pursuant to the Bylaws of the Company or an
Affiliate, and any applicable provisions of the corporate law of the state in which the Company or the Affiliate is incorporated, as the case may be. 
  

 13. 

 (e) Incentive Stock Option $100,000 Limitation. To the extent that the aggregate Fair
Market Value (determined at the time of grant) of Common Shares with respect to which Incentive Stock Options are exercisable for the first time by any Optionholder during any calendar year (under all plans of the Company and any Affiliates) exceeds
one hundred thousand dollars ($100,000), the Options or portions thereof that exceed such limit (according to the order in which they were granted) shall be treated as Nonstatutory Stock Options, notwithstanding any contrary provision of the
applicable Option Agreement(s). 
 (f) Investment Assurances. The Company may require a Participant, as a condition of
exercising or acquiring Common Shares under any Stock Award, (i) to give written assurances satisfactory to the Company as to the Participant’s knowledge and experience in financial and business matters and/or to employ a purchaser
representative reasonably satisfactory to the Company who is knowledgeable and experienced in financial and business matters and that he or she is capable of evaluating, alone or together with the purchaser representative, the merits and risks of
exercising the Stock Award; and (ii) to give written assurances satisfactory to the Company stating that the Participant is acquiring Common Shares subject to the Stock Award for the Participant’s own account and not with any present
intention of selling or otherwise distributing the Common Shares. The foregoing requirements, and any assurances given pursuant to such requirements, shall be inoperative if (A) the issuance of the shares upon the exercise or acquisition of
Common Shares under the Stock Award has been registered under a then currently effective registration statement under the Securities Act, or (B) as to any particular requirement, a determination is made by counsel for the Company that such
requirement need not be met in the circumstances under the then applicable securities laws. The Company may, upon advice of counsel to the Company, place legends on stock certificates issued under the Plan as such counsel deems necessary or
appropriate in order to comply with applicable securities laws, including, but not limited to, legends restricting the transfer of the Common Shares. 
 (g) Withholding Obligations. Unless prohibited by the terms of a Stock Award Agreement, the Company may, in its sole discretion, satisfy any federal, state or local tax withholding obligation
relating to an Award by any of the following means or by a combination of such means: (i) causing the Participant to tender a cash payment; (ii) withholding shares from the Common Shares issued or otherwise issuable to the Participant in
connection with the Award; provided, however, that no Common Shares are withheld with a value exceeding the minimum amount of tax required to be withheld by law (or such lesser amount as may be necessary to avoid classification of the Stock
Award as a liability for financial accounting purposes); (iii) withholding cash from an Award settled in cash; (iv) withholding payment from any amounts otherwise payable to the Participant; or (v) by such other method as may be set
forth in the Award Agreement. 
 (h) Electronic Delivery. Any reference herein to a “written” agreement or
document shall include any agreement or document delivered electronically or posted on the Company’s intranet. 
 (i)
Deferrals. To the extent permitted by applicable law, the Board, in its sole discretion, may determine that the delivery of Common Shares or the payment of cash, upon the exercise, vesting or settlement of all or a portion of any Award may be
deferred and may establish programs and procedures for deferral elections to be made by Participants. Deferrals

  

 14. 

 
by Participants will be made in accordance with Section 409A of the Code. Consistent with Section 409A of the Code, the Board may provide for distributions while a Participant is still
an employee or otherwise providing services to the Company. The Board is authorized to make deferrals of Awards and determine when, and in what annual percentages, Participants may receive payments, including lump sum payments, following the
Participant’s termination of Continuous Service, and implement such other terms and conditions consistent with the provisions of the Plan and in accordance with applicable law. 
 (j) Compliance with Section 409A. To the extent that the Board determines that any Award granted hereunder is subject to
Section 409A of the Code, the Award Agreement evidencing such Award shall incorporate the terms and conditions necessary to avoid the consequences specified in Section 409A(a)(1) of the Code. To the extent applicable, the Plan and Award
Agreements shall be interpreted in accordance with Section 409A of the Code. Notwithstanding anything to the contrary in this Plan (and unless the Award Agreement specifically provides otherwise), if the Shares are publicly traded and a
Participant holding an Award that constitutes “deferred compensation” under Section 409A of the Code is a “specified employee” for purposes of Section 409A of the Code, no distribution or payment of any amount shall be
made upon a “separation from service” before a date that is six (6) months following the date of such Participant’s “separation from service” (as defined in Section 409A of the Code without regard to alternative
definitions thereunder) or, if earlier, the date of the Participant’s death. 
  

	9.	ADJUSTMENTS UPON CHANGES IN COMMON SHARES; OTHER
CORPORATE EVENTS. 

 (a) Capitalization Adjustments. In the event of a
Capitalization Adjustment, the Board shall appropriately and proportionately adjust: (i) the class(es) and maximum number of securities subject to the Plan pursuant to Section 3(a), (ii) the class(es) and maximum number of securities
that may be issued pursuant to the exercise of Incentive Stock Options pursuant to Section 3(c), (iii) the class(es) and maximum number of securities that may be awarded to any person pursuant to Sections 4(c) and 6(c)(i) , and
(iv) the class(es) and number of securities and price per share of stock subject to outstanding Stock Awards. The Board shall make such adjustments, and its determination shall be final, binding and conclusive. 
 (b) Dissolution or Liquidation. Except as otherwise provided in the Stock Award Agreement, in the event of a dissolution or
liquidation of the Company, all outstanding Stock Awards (other than Stock Awards consisting of vested and outstanding Common Shares not subject to a forfeiture condition or the Company’s right of repurchase) shall terminate immediately prior
to the completion of such dissolution or liquidation, and the Common Shares subject to the Company’s repurchase rights or subject to a forfeiture condition may be repurchased or reacquired by the Company notwithstanding the fact that the holder
of such Stock Award is providing Continuous Service, provided, however, that the Board may, in its sole discretion, cause some or all Stock Awards to become fully vested, exercisable and/or no longer subject to repurchase or forfeiture (to
the extent such Stock Awards have not previously expired or terminated) before the dissolution or liquidation is completed but contingent on its completion. 
  

 15. 

 (c) Corporate Transaction. The following provisions shall apply to Stock Awards in
the event of a Corporate Transaction unless otherwise provided in the instrument evidencing the Stock Award or any other written agreement between the Company or any Affiliate and the holder of the Stock Award or unless otherwise expressly provided
by the Board at the time of grant of a Stock Award. In the event of a Corporate Transaction, then, notwithstanding any other provision of the Plan, the Board shall take one or more of the following actions with respect to Stock Awards, contingent
upon the closing or completion of the Corporate Transaction: 
 (i) arrange for the surviving corporation or acquiring
corporation (or the surviving or acquiring corporation’s parent company) to assume or continue the Stock Award or to substitute a similar stock award for the Stock Award (including, but not limited to, an award to acquire the same consideration
paid to the stockholders of the Company pursuant to the Corporate Transaction); 
 (ii) provide that Stock Awards that
have not been assumed, continued or substituted pursuant to (i) above shall terminate if not exercised (if applicable) prior to the effective time of the Corporate Transaction; provided, however, that any reacquisition or repurchase rights held
by the Company with respect to such Stock Awards shall not terminate and may continue to be exercised notwithstanding the Corporate Transaction; 
 (iii) arrange for the assignment of any reacquisition or repurchase rights held by the Company in respect of Common Shares issued pursuant to the Stock Award to the surviving corporation or
acquiring corporation (or the surviving or acquiring corporation’s parent company); 
 (iv) accelerate the vesting
of the Stock Award (and, if applicable, the time at which the Stock Award may be exercised) to a date prior to the effective time of such Corporate Transaction as the Board shall determine (or, if the Board shall not determine such a date, to the
date that is five (5) days prior to the effective date of the Corporate Transaction), with such Stock Award terminating if not exercised (if applicable) at or prior to the effective time of the Corporate Transaction; 
 (v) arrange for the lapse of any reacquisition or repurchase rights held by the Company with respect to the Stock Award; 

(vi) cancel or arrange for the cancellation of the Stock Award, to the extent not vested or not exercised prior to the effective
time of the Corporate Transaction, in exchange for such cash consideration, if any, as the Board, in its sole discretion, may consider appropriate; and 
 (vii) make a payment, in such form as may be determined by the Board equal to the excess, if any, of (A) the value of the property the Participant would have received upon the exercise of the
Stock Award, over (B) any exercise price payable by such holder in connection with such exercise. 
 The Board need not
take the same action or actions with respect to all Stock Awards or portions thereof or with respect to all Participants. 
  

 16. 

 (d) Change in Control. A Stock Award may be subject to additional acceleration of
vesting and exercisability upon or after a Change in Control as may be provided in the Stock Award Agreement for such Stock Award or as may be provided in any other written agreement between the Company or any Affiliate and the Participant, but in
the absence of such provision, no such acceleration shall occur. 
  

	10.	TERMINATION OR SUSPENSION OF THE PLAN. 

 (a) Plan Term. The Board may suspend or terminate the Plan at any time. Unless terminated sooner by the Board, the Plan shall
automatically terminate on the day before the tenth (10th) anniversary of the earlier of (i) the date the Plan is adopted by the Board, or (ii) the date the Plan is approved by the stockholders of the Company. No Awards may be granted
under the Plan while the Plan is suspended or after it is terminated. 
 (b) No Impairment of Rights. Suspension or
termination of the Plan shall not impair rights and obligations under any Award granted while the Plan is in effect except with the written consent of the affected Participant. 
  

	11.	EFFECTIVE DATE OF PLAN. 

 This Plan shall become effective on the Effective Date. 
  

	12.	CHOICE OF LAW. 

 The law of the Cayman Islands shall govern all questions concerning the construction, validity and interpretation of this Plan, without regard to that country’s conflict of laws rules. 
  

	13.	DEFINITIONS. As used in the Plan, the following definitions shall apply to the capitalized terms indicated below: 

 (a) “Affiliate” means, at the time of determination, any “parent” or “subsidiary” of the
Company as such terms are defined in Rule 405 of the Securities Act. The Board shall have the authority to determine the time or times at which “parent” or “subsidiary” status is determined within the foregoing definition.

 (b) “Award” means a Stock Award or a Performance Cash Award. 
 (c) “Award Agreement” means a written agreement between the Company and a Participant evidencing the terms
and conditions of an Award. 
 (d) “Board” means the Board of Directors of the Company.

 (e) “Capitalization Adjustment” means any change that is made in, or other events that occur
with respect to, the Common Shares subject to the Plan or subject to any Stock Award after the Effective Date without the receipt of consideration by the Company through merger, consolidation, reorganization, recapitalization, reincorporation, stock
dividend, dividend in property other than cash, large nonrecurring cash dividend, stock split, liquidating dividend, combination of shares, exchange of shares, change in corporate structure or any similar equity

  

 17. 

 
restructuring transaction, as that term is used in Statement of Financial Accounting Standards No. 123 (revised). Notwithstanding the foregoing, the conversion of any convertible securities
of the Company shall not be treated as a Capitalization Adjustment. 
 (f) “Cause”
shall have the meaning ascribed to such term in any written agreement between the Participant and the Company defining such term and, in the absence of such agreement, such term shall mean, with respect to a Participant, the occurrence of any of the
following events (i) Participant’s willful failure substantially to perform his or her duties and responsibilities to the Company or deliberate violation of a Company policy; (ii) Participant’s commission of any act of fraud,
embezzlement, dishonesty or any other willful misconduct that has caused or is reasonably expected to result in material injury to the Company; (iii) unauthorized use or disclosure by Participant of any proprietary information or trade secrets
of the Company or any other party to whom the Participant owes an obligation of nondisclosure as a result of his or her relationship with the Company; or (iv) Participant’s willful breach of any of his or her obligations under any written
agreement or covenant with the Company. The determination as to whether a Participant is being terminated for Cause shall be made in good faith by the Company and shall be final and binding on the Participant. The foregoing definition does not in
any way limit the Company’s ability to terminate a Participant’s Continuous Service at any time as provided in this Plan, and the term “Company” will be interpreted to include any Affiliate of the Company.  
 (g) “Change in Control” means the occurrence, in a single transaction or in a series of related transactions,
of any one or more of the following events: 
 (i) any Exchange Act Person becomes the Owner, directly or indirectly, of
securities of the Company representing more than fifty percent (50%) of the combined voting power of the Company’s then outstanding securities other than by virtue of a merger, consolidation or similar transaction. Notwithstanding the
foregoing, a Change in Control shall not be deemed to occur (A) on account of the acquisition of securities of the Company directly from the Company, (B) on account of the acquisition of securities of the Company by an investor, any
affiliate thereof or any other Exchange Act Person that acquires the Company’s securities in a transaction or series of related transactions the primary purpose of which is to obtain financing for the Company through the issuance of equity
securities, or (C) solely because the level of Ownership held by any Exchange Act Person (the “Subject Person”) exceeds the designated percentage threshold of the outstanding voting securities as a result of a repurchase or
other acquisition of voting securities by the Company reducing the number of shares outstanding, provided that if a Change in Control would occur (but for the operation of this sentence) as a result of the acquisition of voting securities by the
Company, and after such share acquisition, the Subject Person becomes the Owner of any additional voting securities that, assuming the repurchase or other acquisition had not occurred, increases the percentage of the then outstanding voting
securities Owned by the Subject Person over the designated percentage threshold, then a Change in Control shall be deemed to occur; 
 (ii) there is consummated a merger, consolidation or similar transaction involving (directly or indirectly) the Company and, immediately after the consummation of such merger, consolidation or similar transaction, the stockholders of
the Company immediately prior thereto do not Own, directly or indirectly, either (A) outstanding voting securities representing

  

 18. 

 
more than fifty percent (50%) of the combined outstanding voting power of the surviving Entity in such merger, consolidation or similar transaction or (B) more than fifty percent
(50%) of the combined outstanding voting power of the parent of the surviving Entity in such merger, consolidation or similar transaction, in each case in substantially the same proportions as their Ownership of the outstanding voting
securities of the Company immediately prior to such transaction; 
 (iii) there is consummated a sale, lease, exclusive
license or other disposition of all or substantially all of the consolidated assets of the Company and its Subsidiaries, other than a sale, lease, license or other disposition of all or substantially all of the consolidated assets of the Company and
its Subsidiaries to an Entity, more than fifty percent (50%) of the combined voting power of the voting securities of which are Owned by stockholders of the Company in substantially the same proportions as their Ownership of the outstanding
voting securities of the Company immediately prior to such sale, lease, license or other disposition; or 
 (iv)
individuals who, on the date the Plan is adopted by the Board, are members of the Board (the “Incumbent Board”) cease for any reason to constitute at least a majority of the members of the Board; provided, however, that if the
appointment or election (or nomination for election) of any new Board member was approved or recommended by a majority vote of the members of the Incumbent Board then still in office, such new member shall, for purposes of this Plan, be considered
as a member of the Incumbent Board. 
 (h) “Code” means the Internal Revenue Code of 1986, as
amended, including any applicable regulations and guidance thereunder. 
 (i) “Committee” means a
committee of one or more Directors to whom authority has been delegated by the Board in accordance with Section 2(c). 
 (j) “Common Shares” means the Common Shares of the Company. 
 (k)
“Company” means Telegent Systems, Inc., a Cayman Islands corporation. 
 (l)
“Consultant” means any person, including an advisor, who is (i) engaged by the Company or an Affiliate to render consulting or advisory services and is compensated for such services, or (ii) serving as a member
of the board of directors of an Affiliate and is compensated for such services. However, service solely as a Director, or payment of a fee for such service, shall not cause a Director to be considered a “Consultant” for purposes of the
Plan. Notwithstanding the foregoing, a person is treated as a Consultant under this Plan only if a Form S-8 Registration Statement under the Securities Act is available to register either the offer or the sale of the Company’s securities to
such person. 
 (m) “Continuous Service” means that the Participant’s service with the
Company or an Affiliate, whether as an Employee, Director or Consultant, is not interrupted or terminated. A change in the capacity in which the Participant renders service to the Company or an Affiliate as an Employee, Consultant or Director or a
change in the entity for which the Participant renders such service, provided that there is no interruption or termination of the Participant’s service with the Company or an Affiliate, shall not terminate a Participant’s Continuous
Service; provided, however, if the Entity for which a Participant is rendering services ceases to qualify as

  

 19. 

 
an Affiliate, as determined by the Board, in its sole discretion, such Participant’s Continuous Service shall be considered to have terminated on the date such Entity ceases to qualify as an
Affiliate. To the extent permitted by law, the Board or the chief executive officer of the Company, in that party’s sole discretion, may determine whether Continuous Service shall be considered interrupted in the case of (i) any leave of
absence approved by the Board or Chief Executive Officer, including sick leave, military leave or any other personal leave, or (ii) transfers between the Company, an Affiliate, or their successors. Notwithstanding the foregoing, a leave of
absence shall be treated as Continuous Service for purposes of vesting in a Stock Award only to such extent as may be provided in the Company’s leave of absence policy, in the written terms of any leave of absence agreement or policy applicable
to the Participant, or as otherwise required by law. 
 (n) “Corporate Transaction” means the
occurrence, in a single transaction or in a series of related transactions, of any one or more of the following events: 
 (i) the consummation of a sale or other disposition of all or substantially all, as determined by the Board, in its sole discretion, of the consolidated assets of the Company and its Subsidiaries; 
 (ii) the consummation of a sale or other disposition of at least ninety percent (90%) of the outstanding securities of the
Company; 
 (iii) the consummation of a merger, consolidation or similar transaction following which the Company is not
the surviving corporation; or 
 (iv) the consummation of a merger, consolidation or similar transaction following which
the Company is the surviving corporation but the Common Shares outstanding immediately preceding the merger, consolidation or similar transaction are converted or exchanged by virtue of the merger, consolidation or similar transaction into other
property, whether in the form of securities, cash or otherwise. 
 (o) “Covered Employee” shall
have the meaning provided in Section 162(m)(3) of the Code. 
 (p) “Director” means a member
of the Board. 
 (q) “Disability” means, with respect to a
Participant, the inability of such Participant to engage in any substantial gainful activity by reason of any medically determinable physical or mental impairment which can be expected to result in death or which has lasted or can be expected to
last for a continuous period of not less than twelve (12) months, as provided in Sections 22(e)(3) and 409A(a)(2)(c)(i) of the Code, and shall be determined by the Board on the basis of such medical evidence as the Board deems warranted under
the circumstances. 
 (r) “Effective Date” means the date of the underwriting
agreement between the Company and the underwriter(s) managing the initial public offering of the Company’s Common Shares pursuant to which the Common Shares are priced for the initial public offering, provided this Plan is approved by the
Company’s stockholders prior to such date. 
  

 20. 

 (s) “Employee” means any person employed by the Company or an
Affiliate. However, service solely as a Director, or payment of a fee for such services, shall not cause a Director to be considered an “Employee” for purposes of the Plan. 
 (t) “Entity” means a corporation, partnership, limited liability company or other entity. 
 (u) “Exchange Act” means the Securities Exchange Act of 1934, as amended, and the rules and regulations
promulgated thereunder. 
 (v) “Exchange Act Person” means any natural person, Entity or
“group” (within the meaning of Section 13(d) or 14(d) of the Exchange Act), except that “Exchange Act Person” shall not include (i) the Company or any Subsidiary of the Company, (ii) any employee benefit plan of
the Company or any Subsidiary of the Company or any trustee or other fiduciary holding securities under an employee benefit plan of the Company or any Subsidiary of the Company, (iii) an underwriter temporarily holding securities pursuant to a
registered public offering of such securities, (iv) an Entity Owned, directly or indirectly, by the stockholders of the Company in substantially the same proportions as their Ownership of stock of the Company; or (v) any natural person,
Entity or “group” (within the meaning of Section 13(d) or 14(d) of the Exchange Act) that, as of the Effective Date, is the Owner, directly or indirectly, of securities of the Company representing more than fifty percent (50%) of
the combined voting power of the Company’s then outstanding securities. 
 (w) “Fair Market
Value” means, as of any date, the value of the Common Shares determined as follows: 
 (i) If the Common
Shares are listed on any established stock exchange or traded on any established market, the Fair Market Value of an Common Share shall be the closing sales price for such stock as quoted on such exchange or market (or the exchange or market with
the greatest volume of trading in the Common Shares) on the date of determination, as reported in a source the Board deems reliable. 
 (ii) Unless otherwise provided by the Board, if there is no closing sales price for the Common Shares on the date of determination, then the Fair Market Value shall be the closing sales price on the last preceding date for which such
quotation exists. 
 (iii) In the absence of such markets for the Common Shares, the Fair Market Value shall be
determined by the Board in good faith and in a manner that complies with Sections 409A and 422 of the Code. 
 (x)
“Incentive Stock Option” means an option granted pursuant to Section 5 of the Plan that is intended to be, and qualifies as, an “incentive stock option” within the meaning of Section 422 of the Code.

 (y) “Non-Employee Director” means a Director who either (i) is not a current employee or
officer of the Company or an Affiliate, does not receive compensation, either directly or indirectly, from the Company or an Affiliate for services rendered as a consultant or in any capacity other than as a Director (except for an amount as to
which disclosure would not

  

 21. 

 
be required under Item 404(a) of Regulation S-K promulgated pursuant to the Securities Act (“Regulation S-K”)), does not possess an interest in any other transaction
for which disclosure would be required under Item 404(a) of Regulation S-K, and is not engaged in a business relationship for which disclosure would be required pursuant to Item 404(b) of Regulation S-K; or (ii) is otherwise
considered a “non-employee director” for purposes of Rule 16b-3. 
 (z) “Nonstatutory Stock
Option” means any option granted pursuant to Section 5 of the Plan that does not qualify as an Incentive Stock Option. 
 (aa) “Officer” means a person who is an officer of the Company within the meaning of Section 16 of the Exchange Act. 
 (bb) “Option” means an Incentive Stock Option or a Nonstatutory Stock Option to purchase Common Shares
granted pursuant to the Plan. 
 (cc) “Option Agreement” means a written agreement between the
Company and an Optionholder evidencing the terms and conditions of an Option grant. Each Option Agreement shall be subject to the terms and conditions of the Plan. 
 (dd) “Optionholder” means a person to whom an Option is granted pursuant to the Plan or, if applicable, such other person who holds an outstanding Option. 
 (ee) “Other Stock Award” means an award based in whole or in part by reference to the Common Shares which is
granted pursuant to the terms and conditions of Section 6(d). 
 (ff) “Other Stock Award
Agreement” means a written agreement between the Company and a holder of an Other Stock Award evidencing the terms and conditions of an Other Stock Award grant. Each Other Stock Award Agreement shall be subject to the terms and
conditions of the Plan. 
 (gg) “Outside Director” means a Director who either (i) is not a
current employee of the Company or an “affiliated corporation” (within the meaning of Treasury Regulations promulgated under Section 162(m) of the Code), is not a former employee of the Company or an “affiliated corporation”
who receives compensation for prior services (other than benefits under a tax-qualified retirement plan) during the taxable year, has not been an officer of the Company or an “affiliated corporation,” and does not receive remuneration from
the Company or an “affiliated corporation,” either directly or indirectly, in any capacity other than as a Director, or (ii) is otherwise considered an “outside director” for purposes of Section 162(m) of the Code.

 (hh) “Own,” “Owned,” “Owner,”
“Ownership” A person or Entity shall be deemed to “Own,” to have “Owned,” to be the “Owner” of, or to have acquired “Ownership” of securities if such person or Entity, directly
or indirectly, through any contract, arrangement, understanding, relationship or otherwise, has or shares voting power, which includes the power to vote or to direct the voting, with respect to such securities. 
 (ii) “Participant” means a person to whom an Award is granted pursuant to the Plan or, if applicable, such
other person who holds an outstanding Stock Award. 
  

 22. 

 (jj) “Performance Cash Award” means an award of cash granted
pursuant to the terms and conditions of Section 6(c)(ii). 
 (kk) “Performance Criteria”
means the one or more criteria that the Board shall select for purposes of establishing the Performance Goals for a Performance Period. The Performance Criteria that shall be used to establish such Performance Goals may be based on any one of, or
combination of, the following as determined by the Board: (i) earnings (including earnings per share and net earnings); (ii) earnings before interest, taxes and depreciation; (iii) earnings before interest, taxes, depreciation and
amortization; (iv) total stockholder return; (v) return on equity or average stockholder’s equity; (vi) return on assets, investment, or capital employed; (vii) stock price; (viii) margin (including gross margin);
(ix) income (before or after taxes); (x) operating income; (xi) operating income after taxes; (xii) pre-tax profit; (xiii) operating cash flow; (xiv) sales or revenue targets; (xv) increases in revenue or product
revenue; (xvi) expenses and cost reduction goals; (xvii) improvement in or attainment of working capital levels; (xiii) economic value added (or an equivalent metric); (xix) market share; (xx) cash flow; (xxi) cash flow
per share; (xxii) share price performance; (xxiii) debt reduction; (xxiv) implementation or completion of projects or processes; (xxv) customer satisfaction; (xxvi) stockholders’ equity; (xxvii) capital
expenditures; (xxiii) debt levels; (xxix) operating profit or net operating profit; (xxx) workforce diversity; (xxxi) growth of net income or operating income; (xxxii) billings; (xxxiii) customer bookings,
(xxxiv) unit production cost management; (xxxv) achievement of specific customer goals; and (xxxvi) to the extent that an Award is not intended to comply with Section 162(m) of the Code, other measures of performance selected by
the Board. 
 (ll) “Performance Goals” means, for a Performance Period, the one or more goals
established by the Board for the Performance Period based upon the Performance Criteria. Performance Goals may be based on a Company-wide basis, with respect to one or more business units, divisions, Affiliates, or business segments, and in either
absolute terms or relative to the performance of one or more comparable companies or the performance of one or more relevant indices. Unless specified otherwise by the Board (i) in the Award Agreement at the time the Award is granted or
(ii) in such other document setting forth the Performance Goals at the time the Performance Goals are established, the Board shall appropriately make adjustments in the method of calculating the attainment of Performance Goals for a Performance
Period as follows: (1) to exclude restructuring and/or other nonrecurring charges; (2) to exclude exchange rate effects, as applicable, for non-U.S. dollar denominated Performance Goals; (3) to exclude the effects of changes to
generally accepted accounting principles; (4) to exclude the effects of any statutory adjustments to corporate tax rates; (5) to exclude the dilutive effects of acquisitions or joint ventures; (6) to exclude the effect of any change
in the outstanding Common Shares of the Company by reason of any stock dividend or split, stock repurchase, reorganization, recapitalization, merger, consolidation, spin-off, combination or exchange of shares or other similar corporate change, or
any distributions to common shareholders other than regular cash dividends; and (7) to exclude the effects of any “extraordinary items” as determined under generally accepted accounting principles. In addition, the Board retains the
discretion to reduce or eliminate the compensation or economic benefit due upon attainment of Performance Goals and to define the manner of calculating the Performance Criteria it selects to use for such Performance Period. Partial achievement of
the specified criteria may result in the payment or vesting corresponding to the degree of achievement as specified in the Stock Award Agreement or the written terms of a Performance Cash Award. 
  

 23. 

 (mm) “Performance Period” means the period of time selected
by the Board over which the attainment of one or more Performance Goals will be measured for the purpose of determining a Participant’s right to and the payment of a Stock Award or a Performance Cash Award. Performance Periods may be of varying
and overlapping duration, at the sole discretion of the Board. 
 (nn) “Performance Stock Award”
means a Stock Award granted under the terms and conditions of Section 6(c)(i). 
 (oo)
“Plan” means this Telegent Systems, Inc. 2010 Equity Incentive Plan. 
 (pp)
“Restricted Stock Award” means an award of Common Shares which is granted pursuant to the terms and conditions of Section 6(a). 
 (qq) “Restricted Stock Award Agreement” means a written agreement between the Company and a holder of a Restricted Stock Award evidencing the terms and conditions of a
Restricted Stock Award grant. Each Restricted Stock Award Agreement shall be subject to the terms and conditions of the Plan. 
 (rr) “Restricted Stock Unit Award” means a right to receive Common Shares which is granted pursuant to the terms and conditions of Section 6(b). 
 (ss) “Restricted Stock Unit Award Agreement” means a written agreement between the Company and a holder of a
Restricted Stock Unit Award evidencing the terms and conditions of a Restricted Stock Unit Award grant. Each Restricted Stock Unit Award Agreement shall be subject to the terms and conditions of the Plan. 
 (tt) “Rule 16b-3” means Rule 16b-3 promulgated under the Exchange Act or any successor to Rule 16b-3, as in
effect from time to time. 
 (uu) “Securities Act” means the Securities Act of 1933, as amended.

 (vv) “Stock Appreciation Right” or “SAR” means a right to receive the
appreciation on Common Shares that is granted pursuant to the terms and conditions of Section 5. 
 (ww)
“Stock Appreciation Right Agreement” means a written agreement between the Company and a holder of a Stock Appreciation Right evidencing the terms and conditions of a Stock Appreciation Right grant. Each Stock
Appreciation Right Agreement shall be subject to the terms and conditions of the Plan. 
 (xx) “Stock
Award” means any right to receive Common Shares granted under the Plan, including an Incentive Stock Option, a Nonstatutory Stock Option, a Restricted Stock Award, a Restricted Stock Unit Award, a Stock Appreciation Right, a Performance
Stock Award or any Other Stock Award. 
 (yy) “Stock Award Agreement” means a written agreement
between the Company and a Participant evidencing the terms and conditions of a Stock Award grant. Each Stock Award Agreement shall be subject to the terms and conditions of the Plan. 
  

 24. 

 (zz) “Subsidiary” means, with respect to the Company,
(i) any corporation of which more than fifty percent (50%) of the outstanding capital stock having Common voting power to elect a majority of the board of directors of such corporation (irrespective of whether, at the time, stock of any
other class or classes of such corporation shall have or might have voting power by reason of the happening of any contingency) is at the time, directly or indirectly, Owned by the Company, and (ii) any partnership, limited liability company or
other entity in which the Company has a direct or indirect interest (whether in the form of voting or participation in profits or capital contribution) of more than fifty percent (50%). 
 (aaa) “Ten Percent Stockholder” means a person who Owns (or is deemed to Own pursuant to Section 424(d)
of the Code) stock possessing more than ten percent (10%) of the total combined voting power of all classes of stock of the Company or any Affiliate. 
  

 25.

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