Document:

Sirenza Microdevices, Inc Registration Rights Agreement

 Exhibit 4.13 
  
 SIRENZA MICRODEVICES, INC. 
  
 REGISTRATION RIGHTS AGREEMENT 
  
 January 30, 2004 
  
  

 SIRENZA MICRODEVICES, INC. 
 REGISTRATION RIGHTS AGREEMENT 
  
 This Registration Rights Agreement (this “Agreement”) is made as of January 30, 2004 by and among Sirenza Microdevices, Inc., a Delaware corporation (the “Company”), and the persons
and entities (each, an “Holder” and collectively, the “Holders”) listed on Exhibit A hereto. Unless otherwise defined herein, capitalized terms used in this Agreement have the meanings ascribed to them in
Section 1. 
  
 RECITALS 
  
 WHEREAS, the Company’s largest stockholders, John and Susan Ocampo (the “Ocampos”), have expressed a desire to sell shares of
common stock having an aggregate value of approximately $25,000,000-$30,000,000 (representing more than 10% of the Company’s outstanding common stock based on recent trading prices); 
  
 WHEREAS, the Board of Directors of the Company has considered the possible negative effects that a sale by the
Ocampos would have on the trading price of the common stock; 
  
 WHEREAS, notwithstanding such effect, the sale by the Ocampos would result in a significant increase in the public float for the Company’s common stock without any further dilution to the Company’s existing stockholders;

  
 WHEREAS, in addition to increasing the public float of
the Company’s common stock, such a sale by the Ocampos would reduce the controlling interest of the Ocampos in the Company and alleviate existing stockholder concerns regarding such control; 
  
 WHEREAS, the registration of the Ocampo shares and their inclusion in
any public offering by the Company would result in an orderly and managed distribution of the shares on the public market; 
  
 WHEREAS, the Board of Directors believes it is in the best interests of the Company and its stockholders to register the shares of common stock of
the Ocampos and any other interested management selling stockholders for sale under the Securities Act of 1933, as amended, and to include such shares in any primary underwritten offering of the Company of its common stock effected pursuant to the
Company’s recently filed shelf registration statement for the registration of $75,000,000 in securities; 
  
 NOW, THEREFORE: In consideration of the mutual promises and covenants set forth herein, and other consideration, the receipt and adequacy of which
is hereby acknowledged, the parties hereto agree as follows: 
  
 Section 1 
 Definitions 
  

1.1 Certain Definitions. As used in this Agreement, the following terms shall have the meanings set forth below: 
  
 (a) “Commission” shall mean the Securities
and Exchange Commission or any other federal agency at the time administering the Securities Act. 
  

 (b) “Common Stock” means the Common Stock of the Company. 
  
 (c) “Exchange Act” shall mean the
Securities Exchange Act of 1934, as amended, or any similar successor federal statute and the rules and regulations thereunder, all as the same shall be in effect from time to time. 
  
 (d) “Indemnified Party” shall have the meaning set forth in Section 2.4(c) hereto.

  
 (e) “Indemnifying Party”
shall have the meaning set forth in Section 2.4(c) hereto. 
  
 (f) “Registrable Securities” shall mean (i) up to 3,750,000 shares of Common Stock held of record by the Ocampos or their children or trusts and partnerships affiliated with the Ocampos and their
children and (ii) up to 250,000 shares of Common Stock in the aggregate held by or issuable upon exercise of outstanding options held by Robert Van Buskirk, Guy Krevet and Walter G. Baker. 
  
 (g) The terms “register,”
“registered” and “registration” shall refer to a registration effected by preparing and filing a registration statement in compliance with the Securities Act and applicable rules and regulations thereunder, and the
declaration or ordering of the effectiveness of such registration statement. 
  
 (h) “Registration Expenses” shall mean all expenses incurred in effecting any registration pursuant to this Agreement, including, without limitation, all registration, qualification, and filing fees,
printing expenses, escrow fees, fees and disbursements of counsel for the Company, blue sky fees and expenses, and expenses of any regular or special audits incident to or required by any such registration, but shall not include Selling Expenses,
fees and disbursements of other counsel for the Holders and the compensation of regular employees of the Company (which shall be paid in any event by the Company). 
  
 (i) “Rule 415” shall mean Rule 415 as promulgated by the Commission under the Securities
Act, as such Rule may be amended from time to time, or any similar successor rule that may be promulgated by the Commission. 
  
 (j) “Securities Act” shall mean the Securities Act of 1933, as amended, or any similar successor federal statute and the
rules and regulations thereunder, all as the same shall be in effect from time to time. 
  
 (k) “Selling Expenses” shall mean all underwriting discounts, selling commissions and stock transfer taxes applicable to
the sale of Registrable Securities and fees and disbursements of any separate counsel for any Holder. 
  
 Section 2 
 Registration Rights 
  
 2.1 Registration Coincident with Company Shelf Registration.

  
 (a) Shelf Registration. In
connection with the filing by the Company of a universal shelf registration statement on Form S-3 pursuant to Rule 415 registering $75,000,000 of shares of common stock and preferred stock, warrants, depositary shares and debt securities (the
“Shelf Securities”) on or prior to March 1, 2004 (the “Shelf Registration”), the Company will use its commercially reasonable efforts to 
  

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 include in such registration or to simultaneously register on a separate registration statement on Form
S-3 (and include in any related qualification under blue sky laws or other compliance), and in any subsequent underwriting involving the Shelf Securities, all of the Registrable Securities. 
  
 (b) Underwriting. If the Company undertakes a
registered public offering involving an underwriting pursuant to the Shelf Registration, the Company shall so advise the Holders. In such event, such Holder shall participate in such underwriting and include such Holder’s Registrable Securities
in the underwriting to the extent provided herein. All Holders proposing to distribute their securities through such underwriting shall (together with the Company and the other holders of securities of the Company with registration rights to
participate therein distributing their securities through such underwriting) enter into an underwriting agreement in customary form with the representative of the underwriter or underwriters selected by the Company. 
  
 Notwithstanding any other provision of this Section 2.1, if the
underwriters advise the Company in writing that marketing factors require a limitation on the number of shares to be underwritten, the underwriters or the Company may (subject to the limitations set forth below) exclude all Registrable Securities
from, or limit the number of Registrable Securities to be included in, the registration and underwriting. The Company shall so advise all Holders, and the number of shares of securities that are entitled to be included in the registration and
underwriting shall be allocated, as follows: (i) first, to the Company for securities being sold for its own account, (ii) second, to other holders of securities of the Company with registration rights senior to the Holders, and (iii) third, to the
Holders requesting to include Registrable Securities in such registration statement and to other holders of securities of the Company with pari passu registration rights, based on the pro rata percentage of Registrable Securities held by such
Holders and such other holders, assuming conversion. 
  
 If a
Holder does not agree to the terms of any such underwriting, such person shall also be excluded therefrom by written notice from the Company or the underwriter. The Registrable Securities or other securities so excluded may also be withdrawn from
such registration. Any Registrable Securities or other securities excluded or withdrawn from such underwriting may be withdrawn from such registration.  
  
 (c) Right to Terminate Registration. The Company shall have the right to terminate or withdraw any registration initiated by it prior to or subsequent to the effectiveness of such registration whether or not any Holder has elected to
include securities in such registration. 
  
 (d)
Consent of Company Required. Notwithstanding any other term of this Agreement to the contrary, no Holder may effect a sale or transfer of the Registrable Securities pursuant to the registration statement filed by the Company hereunder without
the Company’s prior consent, which it may withhold in its absolute discretion. Nothing in the foregoing sentence shall restrict a Holder from selling or transferring any Registrable Securities without the Company’s consent in compliance
with Rule 144 promulgated under the Securities Act. 
  
 2.2
Expenses of Registration. All Registration Expenses incurred in connection with registrations pursuant to Section 2.1 hereof shall be borne by the Company. All Selling Expenses relating to securities registered on behalf of the Holders
shall be borne by the holders of securities included in such registration pro rata among each other on the basis of the number of Registrable Securities so registered. 
  
 2.3 Registration Procedures. In the case of each registration effected by the Company pursuant to Section 2, the Company will keep each Holder advised in writing as to the initiation of each registration

  

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 and as to the completion thereof. At its expense, and subject to Section 2.1(c) above, the Company will use its
commercially reasonable efforts to: 
  
 (a) Prepare and file with the Commission such amendments and supplements to such registration statement and
the prospectus used in connection with such registration statement as may be necessary to comply with the provisions of the Securities Act with respect to the disposition of all securities covered by such registration statement for the period set
forth in subsection (a) above; 
  
 (b) Furnish
such number of prospectuses, including any preliminary prospectuses, and other documents incident thereto, including any amendment of or supplement to the prospectus, as a Holder from time to time may reasonably request; 
  
 (c) To register and qualify the securities covered by such
registration statement under such other securities or Blue Sky laws of such jurisdiction as shall be reasonably requested by the Holders; provided, that the Company shall not be required in connection therewith or as a condition thereto to
qualify to do business or to file a general consent to service of process in any such states or jurisdictions. 
  
 (d) Notify each seller of Registrable Securities covered by such registration statement at any time when a prospectus relating thereto is
required to be delivered under the Securities Act of the happening of any event as a result of which the prospectus included in such registration statement, as then in effect, includes an untrue statement of a material fact or omits to state a
material fact required to be stated therein or necessary to make the statements therein not misleading or incomplete in light of the circumstances then existing, and following such notification promptly prepare and furnish to such seller a
reasonable number of copies of a supplement to or an amendment of such prospectus as may be necessary so that, as thereafter delivered to the purchasers of such shares, such prospectus shall not include an untrue statement of a material fact or omit
to state a material fact required to be stated therein or necessary to make the statements therein not misleading or incomplete in light of the circumstances then existing; 
  
 (e) To furnish, on the date that such Registrable Securities are delivered to the underwriters for sale, if
such securities are being sold through underwriters, (i) an opinion, dated as of such date, of the counsel representing the Company for the purposes of such registration, in form and substance as is customarily given to underwriters in an
underwritten public offering, addressed to the underwriters, if any, and reasonably satisfactory to a majority in interest of the Holders requesting registration of Registrable Securities and (ii) a “comfort” letter dated as of such date,
from the independent certified public accountants of the Company, in form and substance as is customarily given by independent certified public accountants to underwriters in an underwritten public offering, addressed to the underwriters.

  
 (f) Provide a transfer agent and registrar
for all Registrable Securities registered pursuant to such registration statement and a CUSIP number for all such Registrable Securities, in each case not later than the effective date of such registration; 
  
 (g) Cause all such Registrable Securities registered
pursuant hereunder to be listed on each securities exchange on which similar securities issued by the Company are then listed; and 
  
 (h) In connection with any underwritten offering pursuant to a registration statement filed pursuant to Section 2.1 hereof, enter
into an underwriting agreement in form reasonably necessary to effect the offer and sale of Common Stock, provided such underwriting agreement contains reasonable and 
  

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 customary provisions, and provided further, that each Holder participating in such underwriting shall
also enter into and perform its obligations under such an agreement. 
  
 2.4 Indemnification. 
  
 (a) To
the extent permitted by law, the Company will indemnify and hold harmless each Holder, each of its officers, directors and partners, legal counsel, and accountants and each person controlling such Holder within the meaning of Section 15 of the
Securities Act, with respect to which registration, qualification, or compliance has been effected pursuant to this Section 2, and each underwriter, if any, and each person who controls within the meaning of Section 15 of the Securities Act
any underwriter, against all expenses, claims, losses, damages, and liabilities (or actions, proceedings, or settlements in respect thereof) arising out of or based on: (i) any untrue statement (or alleged untrue statement) of a material fact
contained or incorporated by reference in any prospectus, offering circular, or other document (including any related registration statement, notification, or the like) incident to any such registration, qualification, or compliance, (ii) any
omission (or alleged omission) to state therein a material fact required to be stated therein or necessary to make the statements therein not misleading, or (iii) any violation (or alleged violation) by the Company of the Securities Act, any state
securities laws or any rule or regulation thereunder applicable to the Company and relating to action or inaction required of the Company in connection with any offering covered by such registration, qualification, or compliance, and the Company
will reimburse each such Holder, each of its officers, directors, partners, legal counsel, and accountants and each person controlling such Holder, each such underwriter, and each person who controls any such underwriter, for any legal and any other
expenses reasonably incurred in connection with investigating and defending or settling any such claim, loss, damage, liability, or action; provided that the Company will not be liable in any such case to the extent that any such claim, loss,
damage, liability, or action arises out of or is based on any untrue statement or omission based upon written information furnished to the Company by such Holder, any of such Holder’s officers, directors, partners, legal counsel or accountants,
any person controlling such Holder, such underwriter or any person who controls any such underwriter and stated to be specifically for use therein; and provided, further that, the indemnity agreement contained in this Section
2.4(a) shall not apply to amounts paid in settlement of any such loss, claim, damage, liability, or action if such settlement is effected without the consent of the Company (which consent shall not be unreasonably withheld). 
  
 (b) To the extent permitted by law, each Holder will, if
Registrable Securities held by such Holder are included in the securities as to which such registration, qualification, or compliance is being effected, indemnify and hold harmless the Company, each of its directors, officers, partners, legal
counsel, and accountants and each underwriter, if any, of the Company’s securities covered by such a registration statement, each person who controls the Company or such underwriter within the meaning of Section 15 of the Securities Act, each
other such Holder, and each of their officers, directors, and partners, and each person controlling such Holder, against all claims, losses, damages and liabilities (or actions in respect thereof) arising out of or based on: (i) any untrue statement
(or alleged untrue statement) of a material fact contained or incorporated by reference in any such registration statement, prospectus, offering circular, or other document, or (ii) any omission (or alleged omission) to state therein a material fact
required to be stated therein or necessary to make the statements therein not misleading, and will reimburse the Company and such Holders, directors, officers, partners, legal counsel, and accountants, persons, underwriters, or control persons for
any legal or any other expenses reasonably incurred in connection with investigating or defending any such claim, loss, damage, liability, or action, in each case to the extent, but only to the extent, that such untrue statement (or alleged untrue
statement) or omission (or alleged omission) is made in such registration statement, prospectus, offering circular, or other document in reliance upon and in conformity with written information furnished to the Company by such Holder;
provided, however, that the obligations of such Holder 
  

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 hereunder shall not apply to amounts paid in settlement of any such claims, losses, damages, or
liabilities (or actions in respect thereof) if such settlement is effected without the consent of such Holder (which consent shall not be unreasonably withheld); and provided that in no event shall any indemnity under this Section
2.4(b) exceed the gross proceeds from the offering received by such Holder. 
  
 (c) Each party entitled to indemnification under this Section 2.4 (the “Indemnified Party”) shall give
notice to the party required to provide indemnification (the “Indemnifying Party”) promptly after such Indemnified Party has actual knowledge of any claim as to which indemnity may be sought, and shall permit the Indemnifying
Party to assume the defense of such claim or any litigation resulting therefrom; provided that counsel for the Indemnifying Party, who shall conduct the defense of such claim or any litigation resulting therefrom, shall be approved by the
Indemnified Party (whose approval shall not be unreasonably withheld), and the Indemnified Party may participate in such defense at such party’s expense; and provided further that the failure of any Indemnified Party to give
notice as provided herein shall not relieve the Indemnifying Party of its obligations under this Section 2.4, to the extent such failure is not prejudicial. No Indemnifying Party, in the defense of any such claim or litigation, shall, except
with the consent of each Indemnified Party, consent to entry of any judgment or enter into any settlement that does not include as an unconditional term thereof the giving by the claimant or plaintiff to such Indemnified Party of a release from all
liability in respect to such claim or litigation. Each Indemnified Party shall furnish such information regarding itself or the claim in question as an Indemnifying Party may reasonably request in writing and as shall be reasonably required in
connection with defense of such claim and litigation resulting therefrom. 
  
 (d) If the indemnification provided for in this Section 2.4 is held by a court of competent jurisdiction to be unavailable to an Indemnified Party with respect to any loss, liability, claim, damage, or expense
referred to herein, then the Indemnifying Party, in lieu of indemnifying such Indemnified Party hereunder, shall contribute to the amount paid or payable by such Indemnified Party as a result of such loss, liability, claim, damage, or expense in
such proportion as is appropriate to reflect the relative fault of the Indemnifying Party on the one hand and of the Indemnified Party on the other in connection with the statements or omissions that resulted in such loss, liability, claim, damage,
or expense as well as any other relevant equitable considerations. The relative fault of the Indemnifying Party and of the Indemnified Party shall be determined by reference to, among other things, whether the untrue or alleged untrue statement of a
material fact or the omission to state a material fact relates to information supplied by the Indemnifying Party or by the Indemnified Party and the parties’ relative intent, knowledge, access to information, and opportunity to correct or
prevent such statement or omission. 
  
 (e)
Notwithstanding the foregoing, to the extent that the provisions on indemnification and contribution contained in the underwriting agreement entered into in connection with the underwritten public offering are in conflict with the foregoing
provisions, the provisions in the underwriting agreement shall control. 
  
 2.5 Information by Holder. Each Holder of Registrable Securities shall furnish to the Company such information regarding such Holder and the distribution proposed by such Holder as the Company may reasonably request and as shall be
reasonably required in connection with any registration, qualification, or compliance referred to in this Section 2. 
  
 2.6 Market Stand-Off Agreement. If requested by the Company or an underwriter of Common Stock (or other securities) of the Company, each Holder
shall not sell or otherwise transfer, make any short sale of, grant any option for the purchase of, or enter into any hedging or similar transaction with the same 
  

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 economic effect as a sale, of any Common Stock (or other securities) of the Company held by such Holder (other than those
included in the registration) for the period requested by the Company or such underwriter (up to 180 days) in connection with an registered underwritten public offering by the Company. The Company may impose stop-transfer instructions with respect
to the shares of Common Stock (or other securities) subject to the foregoing restriction until the end of such one hundred eighty (180) day period. Each Holder agrees to execute a market standoff agreement with said underwriters in customary form
consistent with the provisions of this Section 2.6. 
  
 2.7 Delay of Registration. No Holder shall have any right to take any
action to restrain, enjoin, or otherwise delay any registration as the result of any controversy that might arise with respect to the interpretation or implementation of this Section 2. 
  
 2.8 Transfer or Assignment of Registration Rights. The rights granted to a Holder by the Company under this Section 2 may not be transferred or assigned. 
  
 2.9 No Limitations on Subsequent Registration Rights. From and after
the date of this Agreement, the Company may, without the prior consent of the Holders, enter into any agreement with any holder or prospective holder of any securities of the Company giving such holder or prospective holder any registration rights
the terms of which are pari passu with or junior or senior to the registration rights granted to the Holders hereunder. 
  
 2.10 Termination of Registration
Rights. Unless terminated earlier, the rights of any Holder to request registration or inclusion in any registration pursuant to Section 2.1 shall terminate two (2) years after the date of this Agreement. 
  
 Section 3 
 Miscellaneous

  
 3.1 Amendment. Except as expressly provided herein,
neither this Agreement nor any term hereof may be amended, waived, discharged or terminated other than by a written instrument referencing this Agreement and signed by the Company and the Ocampos. Any such amendment, waiver, discharge or termination
effected in accordance with this paragraph shall be binding upon each Holder and each future holder of all such securities of Holder. Each Holder acknowledges that by the operation of this paragraph, the Ocampos will have the right and power to
diminish or eliminate all rights of such Holder under this Agreement. 
  
 3.2 Notices. All notices and other communications required or permitted hereunder shall be in writing and shall be mailed by registered or certified mail, postage prepaid, sent by facsimile or electronic mail] or otherwise delivered
by hand or by messenger addressed: 
  
 (a) if to
an Investor, at the Investor’s address, facsimile number or electronic mail address as shown in the Company’s records, as may be updated in accordance with the provisions hereof; 
  
 (b) if to the Company, one copy should be sent to Sirenza
Microdevices, Inc., 303 S. Technology Court, Broomfield, CO 80021, facsimile (303) 327-3483 , Attn: Chief Executive Officer, or at such other address as the Company shall have furnished to the Investors, with a copy to Steven Bernard, WSGR, 650 Page
Mill Road, Palo Alto, California 94304. 
  

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 Each such notice or other communication shall for all purposes of this Agreement be treated as effective
or having been given when delivered if delivered personally, or, if sent by mail, at the earlier of its receipt or 72 hours after the same has been deposited in a regularly maintained receptacle for the deposit of the United States mail, addressed
and mailed as aforesaid or, if sent by facsimile, upon confirmation of facsimile transfer or, if sent by electronic mail, upon confirmation of delivery when directed to the electronic mail address set forth on the Schedule of Investors. 
  
 3.3 Governing Law. This Agreement shall be governed in all respects by the internal laws of the State of Colorado as applied to agreements entered
into among Colorado residents to be performed entirely within Colorado, without regard to principles of conflicts of law. 
  
 3.4 Successors and Assigns. This Agreement, and any and all rights, duties and obligations hereunder, shall not be assigned, transferred, delegated
or sublicensed by any Investor without the prior written consent of the Company. Any attempt by an Investor without such permission to assign, transfer, delegate or sublicense any rights, duties or obligations that arise under this Agreement shall
be void. Subject to the foregoing and except as otherwise provided herein, the provisions of this Agreement shall inure to the benefit of, and be binding upon, the successors, assigns, heirs, executors and administrators of the parties hereto.

  
 3.5 Entire Agreement. This Agreement and the exhibits
hereto constitute the full and entire understanding and agreement between the parties with regard to the subjects hereof.. No party hereto shall be liable or bound to any other party in any manner with regard to the subjects hereof or thereof by any
warranties, representations or covenants except as specifically set forth herein. 
  
 3.6 Delays or Omissions. Except as expressly provided herein, no delay or omission to exercise any right, power or remedy accruing to any party to this Agreement upon any breach or default of any other party
under this Agreement shall impair any such right, power or remedy of such non-defaulting party, nor shall it be construed to be a waiver of any such breach or default, or an acquiescence therein, or of or in any similar breach or default thereafter
occurring, nor shall any waiver of any single breach or default be deemed a waiver of any other breach or default theretofore or thereafter occurring. Any waiver, permit, consent or approval of any kind or character on the part of any party of any
breach or default under this Agreement, or any waiver on the part of any party of any provisions or conditions of this Agreement, must be in writing and shall be effective only to the extent specifically set forth in such writing. All remedies,
either under this Agreement or by law or otherwise afforded to any party to this Agreement, shall be cumulative and not alternative. 
  
 3.7 Severability. If any provision of this Agreement becomes or is declared by a court of competent jurisdiction to be illegal, unenforceable or
void, portions of such provision, or such provision in its entirety, to the extent necessary, shall be severed from this Agreement, and such court will replace such illegal, void or unenforceable provision of this Agreement with a valid and
enforceable provision that will achieve, to the extent possible, the same economic, business and other purposes of the illegal, void or unenforceable provision. The balance of this Agreement shall be enforceable in accordance with its terms.

  
 3.8 Titles and Subtitles. The titles and subtitles used
in this Agreement are used for convenience only and are not to be considered in construing or interpreting this Agreement. All references in this Agreement to sections, paragraphs and exhibits shall, unless otherwise provided, refer to sections and
paragraphs hereof and exhibits attached hereto. 
  

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 3.9 Counterparts. This Agreement may be executed in any number of counterparts, each of which
shall be enforceable against the parties that execute such counterparts, and all of which together shall constitute one instrument. 
  
 3.10 Telecopy Execution and Delivery. A facsimile, telecopy or other reproduction of this Agreement may be executed by one or more parties hereto
and delivered by such party by facsimile or any similar electronic transmission device pursuant to which the signature of or on behalf of such party can be seen. Such execution and delivery shall be considered valid, binding and effective for all
purposes. At the request of any party hereto, all parties hereto agree to execute and deliver an original of this Agreement as well as any facsimile, telecopy or other reproduction hereof. 
  
 3.11 Jurisdiction; Venue. With respect to any disputes arising out of
or related to this Agreement, the parties consent to the exclusive jurisdiction of, and venue in, the state courts in Broomfield County in the State of Colorado (or in the event of exclusive federal jurisdiction, the courts of the District of
Colorado). 
  
 3.12 Further Assurances. Each party hereto
agrees to execute and deliver, by the proper exercise of its corporate, limited liability company, partnership or other powers, all such other and additional instruments and documents and do all such other acts and things as may be necessary to more
fully effectuate this Agreement. 
  
 3.13 Termination Upon
Change of Control. Notwithstanding anything to the contrary herein, this Agreement (excluding any then-existing obligations) shall terminate upon (a) the acquisition of the Company by another entity by means of any transaction or series of
related transactions to which the Company is party (including, without limitation, any stock acquisition, reorganization, merger or consolidation but excluding any sale of stock for capital raising purposes) other than a transaction or series of
transactions in which the holders of the voting securities of the Company outstanding immediately prior to such transaction continue to retain (either by such voting securities remaining outstanding or by such voting securities being converted into
voting securities of the surviving entity), as a result of shares in the Company held by such holders prior to such transaction, at least fifty percent (50%) of the total voting power represented by the voting securities of the Corporation or such
surviving entity outstanding immediately after such transaction or series of transactions; or (b) a sale, lease or other conveyance of all substantially all of the assets of the Company. 
  
 3.14 Conflict. In the event of any conflict between the terms of this Agreement and the Company’s Articles or
its Bylaws, the terms of the Company’s Articles or its Bylaws, as the case may be, will control. 
  
 3.15 Attorneys’ Fees. In the event that any suit or action is instituted to enforce any provision in this Agreement, the prevailing party in
such dispute shall be entitled to recover from the losing party all fees, costs and expenses of enforcing any right of such prevailing party under or with respect to this Agreement, including without limitation, such reasonable fees and expenses of
attorneys and accountants, which shall include, without limitation, all fees, costs and expenses of appeals. 
  
 [Remainder of Page Intentionally Left Blank] 
  

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

					
	 SIRENZA MICRODEVICES, INC.
 a Delaware corporation

		
	By:	 	/s/ Robert Van Buskirk
	 	 	

	 	 	 Name:
	 	Robert Van Buskirk
	 	 	 	 	

	 	 	 Title:
	 	President and CEO
	 	 	 	 	

	
	For and on behalf of the persons and entities affiliated with the Ocampos listed on Exhibit A hereto:

	
	
	/s/ JOHN OCAMPO
	

	 JOHN OCAMPO

	
	/s/ SUSAN OCAMPO
	

	 SUSAN OCAMPO

	
	/s/ ROBERT VAN BUSKIRK
	

	 ROBERT VAN BUSKIRK

	
	/s/ GUY KREVET
	

	 GUY KREVET

	
	/s/ WALTER G. BAKER
	

	 WALTER G. BAKER

 EXHIBIT A 
  
 HOLDERS 
  
 Robert Van Buskirk 
  
 Guy Krevet 
  
 Walter G. Baker 
  
 Ocampo Holders: 
  
 John Ocampo 
  
 Susan Ocampo 
  
 John and Susan Ocampo, Trustees, Ocampo Family Trust UA 5-31-01. 
  
 John and Susan Ocampo, Trustees, Ocampo 2001 Charitable Trust dated 9-23-01. 
  
 Samat Partners, a California limited partnership.

  
 Susan Ocampo, as custodian for the
Ocampos’ children. 
  
 Various trusts for
the benefit of the Ocampo’s children, under which the Ocampos are co-trustees.Executive Employment Agreement between Exar Corporation and Donald L. Ciffone

 EXHIBIT 10.10 
  
 EXECUTIVE EMPLOYMENT AGREEMENT 
  
 This EXECUTIVE EMPLOYMENT AGREEMENT (the “Agreement”) is entered into as of the 3rd day of December, 2003 (the
“Effective Date”), by and between EXAR CORPORATION, a Delaware corporation (the “Company”), and DONALD L. CIFFONE, JR. (“Executive”). This Agreement is an amendment and restatement of the Executive Employment Agreement
dated December 6, 2000 between Executive and the Company, as amended and restated on June 21, 2001, March 28, 2003, and June 12, 2003. 
  
 WHEREAS, the Company desires to continue to employ Executive to provide executive management services to the Company and wishes to provide
Executive with certain compensation and benefits in return for Executive’s continued services; and 
  
 WHEREAS, Executive wishes to continue to be employed by the Company and provide executive management services to the Company in return for certain
compensation and benefits; 
  
 NOW, THEREFORE, in
consideration of the mutual promises and covenants contained herein, it is hereby agreed by and between the parties hereto as follows: 
  
 ARTICLE 1 
  
 DEFINITIONS 
  
 For purposes of the Agreement, the following terms are defined as follows: 
  
 1.1 “Board” means the Board of Directors of the Company. 
  
 1.2 “Cause” means misconduct, including: (i) conviction of any felony or any crime involving moral turpitude or dishonesty; (ii)
participation in a fraud or act of dishonesty against the Company; (iii) willful breach of the Company’s policies; (iv) intentional damage to the Company’s property; (v) a material breach of the Proprietary Rights and Nondisclosure
Agreement dated October 21, 1996, between the Company and Executive; or (vi) conduct which in the good faith and reasonable determination of the Board demonstrates unacceptable job performance or unfitness to serve. Physical or mental disability
shall not constitute “Cause.” 
  
 1.3 “Change of
Control” means (i) a merger or consolidation in which the Company is not the surviving corporation; (ii) a reverse merger in which the Company is the surviving corporation but the shares of the Company’s common stock outstanding
immediately preceding the merger are converted by virtue of the merger into other property, whether in the form of securities, cash or otherwise; (iv) any other capital reorganization in which more than fifty percent (50%) of the shares of the
Company entitled to vote are exchanged, excluding in each case a capital reorganization in which the sole purpose is to change the state of incorporation of the Company, and in each case Executive is not offered a similar executive level position
with the surviving entity. 
  

 1.4 “Change of Control Plan” means the Exar Corporation Executive Officers’ Change
of Control Severance Benefit Plan, adopted effective as of June 24, 1999 by the Company for the benefit of certain of its eligible executive employees. 
  
 1.5 “Code” means the Internal Revenue Code of 1986, as amended. 
  
 1.6 “Common Stock” means the common stock of the Company. 
  
 1.7 “Company” means Exar Corporation, a Delaware
corporation, or, following a Change of Control, the surviving entity resulting from such transaction. 
  
 1.8 “Executive Incentive Program” means the Executive Incentive Compensation Program maintained by the Company for the benefit of its
eligible executive employees. 
  
 1.9 “Fiscal
Year” means the twelve (12) month period ending on each March 31. 
  
 1.10 “Good Reason” means any one of the following events which occurs within thirteen (13) months after the effective date of a Change of Control: (i) any reduction of Executive’s rate of total
compensation (including base salary and stock options); (ii) any material reduction in the package of welfare benefit plans, taken as a whole, provided to Executive (except that the terms of benefits, including without limitation employee
contributions, may be changed to the extent required by third party providers) or any action by the Company that would materially adversely affect Executive’s participation or materially reduce Executive’s benefits under any of such plans;
(iii) any material change in Executive’s responsibilities, duties, authority, title, reporting relationship or offices resulting in any diminution of position (including, but not limited to, a change of responsibility from company-wide
responsibility to division-level responsibility); (iv) request that Executive relocate to a worksite that is both more than thirty-five (35) miles from Executive’s prior worksite and more than thirty-five (35) miles from Executive’s
personal residence (as of the Effective Date), unless Executive accepts such relocation opportunity; (v) failure or refusal of a successor to the Company to assume the Company’s obligations under this Agreement; or (vii) material breach by the
Company or any successor to the Company of any of the material provisions of this Agreement. 
  
 1.11 “Part-Time Employment Agreement” means the Part-Time Employment Agreement entered into by and between the Company and Executive, substantially in the form attached hereto as Exhibit A-1. Service
under the Part-Time Employment Agreement shall commence as of the termination of Executive’s employment as President and Chief Executive Officer with the Company, provided that such termination is not for Cause, and further provided that such
termination is not covered by Section 4.2 hereof. 
  
 1.12
“Second Part-Time Employment Agreement” means the Part-Time Employment Agreement entered into by and between the Company and Executive, substantially in the form attached hereto as Exhibit A-2. 
  

 -2- 

 ARTICLE 2 
  

EMPLOYMENT BY THE COMPANY 
  
 2.1 Position and Duties. Subject to the terms set forth herein, the Company agrees to continue to employ Executive in the position of President and
Chief Executive Officer, and Executive hereby accepts such employment. Executive shall serve in an executive capacity, shall continue to perform such duties as are customarily associated with the position of President and Chief Executive Officer and
such other duties as are assigned to Executive by the Board, and shall report solely and directly to the Board. During the term of this Agreement, Executive shall devote his best efforts and substantially all of his business time and attention
(except for vacation periods as set forth herein and reasonable periods of illness or other incapacities permitted by the Company’s general employment policies or as otherwise set forth in this Agreement) solely to the business of the Company.

  
 2.2 Term. The term of this Agreement shall commence on
the Effective Date and shall continue until the earlier of (i) the termination of Executive’s employment with the Company or (ii) March 31, 2005 (the “Termination Date”). Within a reasonable period of time prior to September 30, 2004,
provided that Executive’s employment has not then terminated, Executive and the Company shall commence negotiations in order to determine, no later than September 30, 2004, whether to renew this Agreement immediately following its scheduled
termination date on March 31, 2005 or to continue Executive’s employment without a written agreement; provided, however, that a failure to renew this Agreement shall in no way prevent either the continuation of this Agreement through March 31,
2005 or the continuation of the employment relationship beyond such date without a written agreement. Executive’s service under the Part-Time Employment Agreement shall commence as of the termination of Executive’s employment with the
Company, provided that his employment is not terminated for Cause, and further provided that such termination is not covered by Section 4.2 hereof. 
  
 2.3 Employment at Will. Executive’s employment is at will, and both the Company and Executive shall have the right to terminate, with written
notice, Executive’s employment with the Company at any time, and for any reason, with or without Cause. If Executive’s employment with the Company is terminated, Executive shall be eligible to receive severance benefits only to the extent
provided in Article 4 of this Agreement. 
  
 2.4 Employment
Policies. The employment relationship between the parties shall also be governed by the general employment policies and practices of the Company, including those relating to protection of confidential information and assignment of inventions,
except that to the extent that the terms of this Agreement differ from or are in conflict with the Company’s general employment policies or practices, this Agreement shall control. 
  

 -3- 

 2.5 Second Part-Time Employment Agreement. It is anticipated that Executive will continue as
Chairman of the Board in a non-executive capacity following the Termination Date (although the Company may terminate Executive as Chairman of the Board at any time, before or after the Termination Date). If Executive’s services as Chairman of
the Board do not continue following the Termination Date or terminate at any time after the Termination Date and prior to the Company’s 2007 Annual Meeting of Stockholders, then, at Executive’s option, either (a) Executive shall continue
to serve as a director of the Company until the expiration of his term, or (b) Executive shall immediately resign from the Board of Directors and Executive’s services under the Second Part-Time Employment Agreement shall commence as of the
Termination Date or such termination date, as the case may be; provided, however, that Executive’s services under the Second Part-Time Employment Agreement shall not commence if Executive’s employment or services as Chairman of the
Board shall have been terminated at any time prior to the Termination Date, at any time after the Termination Date by the Company for Cause or by the Executive for any reason or on account of Executive’s death or disability. 
  
 2.6 Travel. Executive shall have complete discretion in deciding when
he shall travel for Company matters. 
  
 ARTICLE 3

  
 COMPENSATION 
  
 3.1 Base Salary. Executive shall receive for continued employment with
the Company, during the term of this Agreement, a base salary at an annual (July 1 – June 30) rate of six hundred fifteen thousand dollars ($615,000), payable in equal installments on the regular payroll dates of the Company, which payroll
dates shall occur at least twice monthly, subject to applicable tax withholding. Such base salary (the “Annual Base Salary”) shall be subject to increase as determined by the Board during the annual focal review period. 
  
 3.2 Incentive Compensation Payment. During the term of this Agreement,
Executive shall be eligible to receive an annual target incentive compensation payment for each Fiscal Year, beginning with the Fiscal Year ending March 31, 2002, and continuing through and including the Fiscal Year ending March 31, 2005, the amount
of which incentive compensation payment shall be determined pursuant to the terms and conditions of the Company’s Executive Incentive Program based on a target award percentage equal to seventy-five percent (75%). 
  
 3.3 Stock Option Grant. The Board (i) granted to Executive on December
6, 2000 (the “Earlier Effective Date”) an option to purchase three hundred thousand (300,000) shares of Common Stock with an exercise price to be determined by the Board equal to the fair market value of Common Stock on the Earlier
Effective Date, which option shall vest on each monthly anniversary date of the Earlier Effective Date as to 1/36 of the shares of Common Stock, (ii) granted and shall grant on each April 1 following the Earlier Effective Date, beginning with April
1, 2001, and continuing through and including April 1, 2003, and on April 19, 2004, an option to purchase one hundred thousand (100,000) shares of Common Stock with an exercise price to be determined by the Board equal to the fair market value of
Common Stock on the relevant April 1, or April 19, as the 

  

 -4- 

 
case may be, which option shall vest on each monthly anniversary date of the relevant April 1 or April 19 as to 1/36 of the shares of Common Stock subject to
the option, and (iii) shall grant on April 1, 2003 an additional option to purchase one hundred thousand (100,000) shares of Common Stock with an exercise price to be determined by the Board equal to the fair market value of Common Stock on April 1,
2003, which option shall vest on each monthly anniversary date of April 1, 2003 as to 1/36 of the shares of Common Stock subject to the option. Grants pursuant to the preceding clauses (ii) and (iii) shall be subject to appropriate adjustment in the
event of a change to the Company’s Common Stock without the receipt of consideration by the Company (through merger, consolidation, reorganization, recapitalization, reincorporation, stock dividend, dividend in property other than cash, stock
split, liquidating dividend, combination of shares, exchange of shares, change in corporate structure or other transactions not involving the receipt of consideration by the Company). Options granted pursuant to this Section 3.3 shall be granted
under, and shall be subject to the terms of, the Company’s 2000 Equity Incentive Plan and Executive’s Stock Option Agreement thereunder. 
  
 3.4 Professional Services. The Company shall, during the term of this Agreement, reimburse Executive in an amount not to exceed ten thousand
dollars ($10,000) per Fiscal Year for documented costs incurred by Executive for obtaining professional services, including, but not limited to, legal, tax planning, accounting and investment services. 
  
 3.5 Standard Company Benefits. During the term of this Agreement,
Executive shall be entitled to all rights and benefits for which he is eligible under the terms and conditions of the standard Company benefits and compensation practices that may be in effect from time to time and are provided by the Company to its
executive employees generally, including health, disability, life and accidental death insurance coverage. In addition, Executive shall be entitled to receive the following benefits during the term of this Agreement: 
  
 (a) the Company shall provide Executive with four (4)
weeks’ paid vacation for each Fiscal Year (plus paid holidays), which Executive may take in accordance with the Company’s standard policy regarding vacation time; 
  
 (b) the Company shall provide Executive with life insurance coverage pursuant to a term life
insurance policy with a benefit amount equal to one million dollars ($1,000,000). 
  
 (c) the Company shall provide Executive with a monthly automobile allowance equal to three thousand dollars ($3,000); and

  
 (d) the Company, pursuant to the terms
and conditions of the Company’s Executive Health Plan, shall reimburse Executive up to ten thousand dollars ($10,000) for each Fiscal Year for the documented cost of covered medical expenses, without the need for any contribution by Executive.

  
 After the Termination Date and while Executive serves as a
part-time employee pursuant to the Second Part-Time Employment Agreement, Executive shall be entitled to (i) the benefits described in the first sentence of this Section 3.5 and (ii) continued coverage under the life insurance 

  

 -5- 

 
policy described in Section 3.5(b), provided that Executive shall be obligated to pay the premiums on such policy at any time after the Termination Date.

  
 3.6 Employment Beyond Termination Date of this
Agreement. Sections 3.4 and 3.5 shall continue to apply to Executive for so long as he is employed by the Company on a full-time basis, whether or not pursuant to this Agreement. 
  
 ARTICLE 4 
  
 SEVERANCE AND CHANGE OF CONTROL BENEFITS 
  
 4.1 Severance Benefits for Certain Terminations Without Regard to Change of Control. If Executive’s employment as President and Chief
Executive Officer of the Company is terminated by the Company without Cause during the term of this Agreement and prior to the effective date of a Change of Control, Executive shall, within thirty (30) days following the date on which the Release
described in Section 4.3 becomes effective in accordance with its terms, receive the following severance benefits: (i) a lump sum payment equal to the sum of Executive’s Annual Base Salary as in effect during the last regularly scheduled
payroll period immediately preceding the termination of Executive’s employment as President and Chief Executive Officer plus an additional amount equal to (A) if Executive’s employment is terminated prior to October 1, the greater of the
incentive compensation payment actually paid to Executive under the Executive Incentive Program for the last Fiscal Year ending with or prior to the termination date of Executive’s employment as President and Chief Executive Officer or the
target incentive compensation payment for such last Fiscal Year, or (B) if Executive’s employment as President and Chief Executive Officer is terminated on or after October 1, the greater of the target incentive compensation payment that
Executive could become entitled to receive under the Executive Incentive Program for the Fiscal Year in which Executive’s employment as President and Chief Executive Officer is terminated or the incentive compensation payment actually paid to
Executive under the Executive Incentive Program for the last Fiscal Year ending with or prior to the termination date of Executive’s employment as President and Chief Executive Officer, such lump sum payment to be subject to applicable tax
withholding; and (ii) Executive shall be credited with twelve (12) months of additional vesting under all unvested outstanding options to purchase Common Stock then held by Executive, and all options held by Executive shall be exercisable for up to
fifteen (15) months following the termination of Executive’s employment. For purposes of clause (ii) in the preceding sentence, Executive shall receive the option vesting credit and continued option exercisability therein provided only if
Executive has executed the Part-Time Employment Agreement, and in the event of termination of the Part-Time Employment Agreement for any reason, such vesting credit shall cease and continued option exercisability shall be determined solely in
accordance with the terms of grant of the then outstanding vested options. 
  
 4.2 Severance Benefits for Certain Terminations Within Thirteen (13) Months Following Change of Control. 
  
 (a) Severance Benefits. If Executive’s employment is terminated by the Company without Cause or by the Executive for
Good Reason, in either case within thirteen (13) months 

  

 -6- 

 
following the effective date of a Change of Control and during the term of this Agreement, Executive shall, within thirty (30) days following the date on
which the Release described in Section 4.3 becomes effective in accordance with its terms, receive the following severance benefits: (i) a lump sum payment equal to two (2) times the sum of Executive’s Annual Base Salary as in effect during the
last regularly scheduled payroll period immediately preceding the termination date of Executive’s employment plus an additional amount equal to (A) if Executive’s employment is terminated prior to October 1, the greater of the incentive
compensation payment actually paid to Executive under the Executive Incentive Program for the last Fiscal Year ending with or prior to the termination date of Executive’s employment or the target incentive compensation payment for such last
Fiscal Year, or (B) if Executive’s employment is terminated on or after October 1, the greater of the target incentive compensation payment that Executive could become entitled to receive under the Executive Incentive Program for the Fiscal
Year in which Executive’s employment is terminated or the incentive compensation payment actually paid to Executive under the Executive Incentive Program for the last Fiscal Year ending with or prior to the termination date of Executive’s
employment, such lump sum payment to be subject to applicable tax withholding; and (ii) the vesting and exercisability of all unvested outstanding options to purchase Common Stock then held by Executive shall be fully accelerated. 
  
 (b) Tax Gross-Up Payment. In the event it
shall be determined, either by the Company or by a final determination of the Internal Revenue Service, that any payment, distribution or benefit by or from the Company to or for the benefit of Executive pursuant to Section 4.2(a) or otherwise (the
“Payment”) would cause Executive to become subject to the excise tax imposed by Section 4999 of the Code (the “Excise Tax”), then the Company shall pay to or for the benefit of Executive, within the later of ninety (90) days of
the termination date of Executive’s employment or ninety (90) days of the date of determination referred to above, an additional amount (the “Gross-Up Payment”) in an amount that shall fund the payment by Executive of any Excise Tax
on the Payment, as well as any income taxes imposed on the Gross-Up Payment, any Excise Tax imposed on the Gross-Up Payment and any interest or penalties imposed with respect to taxes on the Gross-Up Payment or any Excise Tax. For purposes of
determining the amount of the Gross-Up Payment, Executive shall be deemed to pay federal, state and local income taxes at the highest nominal marginal rate of such federal, state and local income taxation in the calendar year in which the Gross-Up
Payment is due, net of the maximum reduction in federal income taxes which could be obtained from deduction of such state and local taxes. In the event that the Excise Tax is subsequently determined to be less than the amount taken into account to
determine the amount of the Gross-Up Payment, then Executive shall repay to the Company at that time the portion of the Gross-Up Payment attributable to such reduction (plus an amount equal to any tax reduction, whether of the Excise Tax, any
applicable income tax, or any applicable employment tax, which Executive has received as a result of such initial repayment). In the event that the Excise Tax is subsequently determined, whether by the Company or by a final determination of the
Internal Revenue Service, to be more than the amount taken into account to determine the amount of the Gross-Up Payment, then the Company shall pay to Executive an additional amount, which shall be determined using the same methods as were used for
calculating the Gross-Up Payment, with respect to such excess. For purposes of this Section 4(b), a determination of the Internal Revenue Service as to the amount of Excise Tax for which an Executive is liable shall not be treated as final until the
time that either (i) the Company agrees to acquiesce to the determination of the Internal Revenue Service or (ii) the determination of the Internal Revenue Service has been upheld in a court of competent jurisdiction and the Company decides not to
appeal such judicial decision or such 

  

 -7- 

 
decision is not appealable. If the Company chooses to contest the determination of the Internal Revenue Service, then all costs, attorneys’ fees,
charges assessed and other expenses shall be borne and paid when due by the Company. 
  
 4.3 Release. Upon the occurrence of a termination that would entitle Executive to receive severance benefits pursuant to Sections 4.1 or 4.2 that are conditioned upon the execution of an effective release, and
prior to the receipt of such severance benefits, Executive shall execute a release (the “Release”) in the form attached hereto as Exhibit B or Exhibit C, as appropriate. Such Release shall specifically relate to all of Executive’s
rights and claims in existence at the time of such execution and shall confirm Executive’s obligations under the Company’s standard form of proprietary information agreement. It is understood that Executive has a certain period to consider
whether to execute such Release, and Executive may revoke such Release within seven (7) days after execution. In the event Executive does not execute such Release within the applicable period, or if Executive revokes such Release within the
subsequent seven (7) day period, none of the aforesaid benefits shall be payable under this Agreement. 
  
 4.4 Mitigation. Executive shall not be required to mitigate damages or the amount of any payment provided under this Agreement by seeking other
employment or otherwise, nor shall the amount of any payment provided for under this Agreement be reduced by any compensation earned by Executive as a result of employment by another employer or otherwise. 
  
 4.5 Other Terminations. Only terminations of employment described in
the foregoing provisions of this Article 4 shall entitle Executive to severance benefits pursuant to the terms of this Agreement. Accordingly, terminations for any reason not so described (such as, without limitation, on account of Executive’s
disability or death) shall not entitle Executive to such severance benefits; provided, however, that the provisions of this Article 4 shall continue to apply to Executive with respect to terminations of employment with the Company described in
Sections 4.1 and 4.2 even if, at the time of such termination, Executive is not employed pursuant to this Agreement. 
  
 ARTICLE 5 
  
 OUTSIDE ACTIVITIES 
  
 During the term of
Executive’s employment by the Company and continuing through the term of the Part-Time Employment Agreement or the Second Part-Time Employment Agreement, as the case may be, except on behalf of the Company, Executive shall not directly or
indirectly, whether as an officer, director, employee, stockholder, partner, proprietor, associate, representative, consultant, or in any capacity whatsoever engage in, become financially interested in, be employed by or have any business connection
with any other person, corporation, firm, partnership or other entity whatsoever that was known by Executive to compete directly with the Company, throughout the world, in any line of business engaged in (or planned to be engaged in) by the Company.
Notwithstanding the foregoing, Executive may own, as a passive investor, securities of any competitor corporation, so long as Executive’s direct holdings in any one such corporation shall not in the aggregate constitute more than 1% of the
voting stock of such corporation. In addition, 

  

 -8- 

 
Executive may, with approval of the Board, serve as a director on the boards of directors of other corporations and business entities so long as such
corporations or business entities do not compete directly with the Company, in any area of the world, in any line of business engaged in (or planned to be engaged in) by the Company, and so long as such service does not materially interfere with the
performance of Executive’s duties hereunder. Executive also may engage in civic and not-for-profit activities so long as such activities do not materially interfere with the performance of Executive’s duties hereunder. 
  
 ARTICLE 6 
  
 NONINTERFERENCE 
  
 While employed by the Company in a full or part-time capacity, and for one (1) year immediately following the date on which Executive terminates
employment or otherwise ceases providing services to the Company, Executive agrees not to interfere with the business of the Company by soliciting or attempting to solicit any employee of the Company to terminate such employee’s employment in
order to become an employee of or a consultant or independent contractor to or for any person, corporation, firm, partnership or other entity whatsoever. Executive’s duties under this Article 6 shall survive termination of Executive’s
employment with the Company and the termination of this Agreement. 
  
 ARTICLE 7 
  
 GENERAL PROVISIONS 

 
 7.1 Notices. Subject to the remaining provisions of this Section
7.1, any notices provided hereunder must be in writing and shall be deemed effective upon the earlier of personal delivery (including personal delivery by telex) or the third day after mailing by first class mail, to the Company at its primary
office location and to Executive at Executive’s address as listed on the Company payroll. Any termination by the Company, whether or not for Cause, or by Executive for Good Reason, shall be communicated by a Notice of Termination to the other
party hereto given by hand delivery or by registered or certified mail, return receipt requested, postage prepaid, if to the Executive, then to Executive at his address as set forth in the Company’s records, and, if to the Company, to Exar
Corporation, 48720 Kato Road, Fremont, California 94538 Attention: Law Department. For purposes of this Agreement, a Notice of Termination means a written notice which (i) indicates the specific termination provision in the Agreement relied upon and
(ii) if the termination date of Executive’s employment is other than the date of receipt of such notice, specifies such termination date (which date shall be not more than fifteen (15) days after the giving of such notice). The failure by the
Company or Executive to set forth in the Notice of Termination any fact or circumstance which contributes to a showing of Cause or of Good Reason shall not waive any right of the Company or of Executive, respectively, or preclude the Company or
Executive, respectively, from asserting such fact or circumstance in enforcing its or his rights under this Agreement. 
  

 -9- 

 7.2 Severability. Whenever possible, each provision of this Agreement will be interpreted in such
manner as to be effective and valid under applicable law, but if any provision of this Agreement is held to be invalid, illegal or unenforceable in any respect under any applicable law or rule in any jurisdiction, such invalidity, illegality or
unenforceability will not affect any other provision or any other jurisdiction, but this Agreement will be reformed, construed and enforced in such jurisdiction as if such invalid, illegal or unenforceable provisions had never been contained herein.

  
 7.3 Waiver. If either party should waive any breach of
any provisions of this Agreement, they shall not thereby be deemed to have waived any preceding or succeeding breach of the same or any other provision of this Agreement, unless such waiver is agreed to in writing by both parties. 
  
 7.4 Complete Agreement. As of the Effective Date, this Agreement
wholly supersedes and renders without further force or effect the Employment Agreement between Executive and the Company dated December 6, 2000, as amended on June 21, 2001, the letters dated September 9, 1996 and September 10, 1996 from the Company
to Executive (which letters set forth, respectively, the terms of Executive’s employment by the Company and Executive’s severance benefits following either a Change of Control or the termination of his employment without cause), the Change
of Control Plan, to the extent that it may apply to Executive, and all other agreements relating to compensation and benefits between the Company and Executive, constitutes the entire agreement between Executive and the Company and is the complete,
final, and exclusive embodiment of their agreement with regard to this subject matter. This Agreement is entered into without reliance on any promise or representation other than those expressly contained herein or therein, and it cannot be modified
or amended except in a writing signed by Executive and by an officer of the Company. 
  
 7.5 Counterparts. This Agreement may be executed in separate counterparts, any one of which need not contain signatures of more than one party, but all of which taken together will constitute one and the same
Agreement. 
  
 7.6 Headings. The headings of the sections
hereof are inserted for convenience only and shall not be deemed to constitute a part hereof nor to affect the meaning thereof. 
  
 7.7 Successors and Assigns. This Agreement is intended to bind and inure to the benefit of and be enforceable by Executive and the Company, and
their respective successors, assigns, heirs, executors and administrators, except that (i) Executive may not assign any of Executive’s duties hereunder and Executive may not assign any of Executive’s rights hereunder, without the written
consent of the Company, which shall not be withheld unreasonably and (ii) the Company may assign its rights and duties hereunder only to a parent or subsidiary of the Company or to a corporation or other entity that will become the Company’s
successor in interest due to a merger, consolidation, acquisition or similar transaction. 
  
 7.8 Arbitration. Unless otherwise prohibited by law or specified below, all disputes, claims and causes of action, in law or equity, arising from or relating to this Agreement or its enforcement, performance,
breach, or interpretation shall be resolved solely and exclusively by final and binding arbitration held in Santa Clara County, California through Judicial Arbitration & Mediation Services/Endispute (“JAMS”) under the then existing
JAMS arbitration rules. However, 

  

 -10- 

 
nothing in this Section is intended to prevent either party from obtaining injunctive relief in court to prevent irreparable harm pending the conclusion of
any such arbitration. Each party in any such arbitration shall be responsible for its own attorneys’ fees, costs and necessary disbursement; provided, however, that if one party refuses to arbitrate and the other party seeks to compel
arbitration by court order, if such other party prevails, it shall be entitled to recover reasonable attorneys’ fees, costs and necessary disbursements. Pursuant to California Civil Code Section 1717, each party warrants that it was represented
by counsel in the negotiation and execution of this Agreement, including the attorneys’ fees provision herein. 
  
 7.9 Attorneys’ Fees. If either party hereto brings any action to enforce rights hereunder, each party in any such action shall be responsible
for its own attorneys’ fees and costs incurred in connection with such action. 
  
 7.10 Choice of Law. All questions concerning the construction, validity and interpretation of this Agreement will be governed by the law of the State of California without regard to its principles of conflicts
of law. 
  
  

 -11- 

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

			
	EXAR CORPORATION
		
	By:	 	 
	 	 	

		
	 Date:
	 	 
	 	 	

  

	
	 Accepted and Agreed This
 3rd Day of December,
2003

	
	  
	

	Donald L. Ciffone, Jr.

  

			
	Exhibit A-1	  	Part-Time Employment Agreement
	Exhibit A-2	  	Second Part-Time Employment Agreement
	Exhibit B	  	Release (Individual Termination)
	Exhibit C	  	Release (Group Termination)

  

 EXHIBIT A-1 
  
 PART-TIME EMPLOYMENT AGREEMENT 
  

 -2- 

 PART-TIME EMPLOYMENT AGREEMENT 
  
 This PART-TIME EMPLOYMENT AGREEMENT (the “Agreement”) is made as of the day of 200  , by and
between EXAR CORPORATION, including its affiliates and wholly owned subsidiaries, a Delaware corporation, with its principal place of business at 48720 Kato Road, Fremont, California 94538 (the “Company”), and DONALD L. CIFFONE, JR., an
individual residing at (the “Employee”). 
  
 FOR AND IN
CONSIDERATION of the mutual promises and conditions set forth below, the Company and Employee agree as follows: 
  

	 	1.	SERVICES 

  
 The Company agrees to retain Employee for the term specified in Section 2 to render services to the Company in the field of Employee’s expertise for
the purpose of providing executive management services. Employee shall exercise his best skill and judgment in performing such services under this Agreement. 
  

	 	2.	TERM 

  
 The Effective Date of this Agreement shall be the date on which Employee’s employment as President and Chief Executive Officer of the Company is terminated pursuant to the Executive Employment Agreement entered
into as of December 6, 2000 between the Company and Executive and as subsequently amended (the “Employment Agreement”); provided, however, that the Effective Date shall not occur and this Agreement shall have no force or effect in the
event that Employee’s employment with the Company is terminated by the Company for Cause, as such term is defined in the Employment Agreement, or on account of Employee’s death or disability. Employee’s service under this Agreement
shall continue until the one (1) year anniversary of the Effective Date, unless terminated earlier as provided in Section 5, although the parties hereto may agree in writing to extend the term of Employee’s service under this Agreement.
Employee’s commencement and continuation of service under this Agreement shall constitute continuous service with the Company for purposes of continued vesting and exercisability of any outstanding Company stock options or Company restricted
stock held by Employee as of the Effective Date. 
  

	 	3.	COMPENSATION 

  
 The Company will pay Employee compensation for his employment in an amount equal to one thousand dollars ($1,000) per month during the term of this
Agreement. Payment to Employee shall be mailed to his address, as listed in Section 10. Employee acknowledges that, except as expressly provided in this Agreement or Article 4 of the Employment Agreement (to the extent applicable), Employee will not
receive from the Company any additional compensation (including, but not limited to, salary or bonuses) or benefits including, but not limited to, severance, stock, stock options and retirement benefits. After the Effective Date, Employee will not
accrue any additional vacation under Company’s vacation policy. 
  

	 	4.	OBLIGATIONS 

  
 During the term of this Agreement, you will devote up to a maximum of four (4) hours per month to the Company (or any affiliated company) as the
Company’s Chief Executive Officer may direct. 
  

	 	5.	TERMINATION 

  
 (a) Either party may, at its option, terminate this Agreement if the other party: (i) defaults in the performance of a material obligation
hereunder, provided such default has not been corrected within thirty (30)—days after receipt of notice describing such default; (ii) becomes a party to any proceeding involving his or its bankruptcy or other insolvency; or (iii) ceases to be
actively engaged in business or financially incapable of fulfilling its obligations under this Agreement. 
  
 (b) This Agreement shall terminate automatically upon Executive’s commencement of services under the Second Part-Time Employment
Agreement (as defined in the Employment Agreement). 
  
 (c) Nothing contained herein shall limit any other remedies that either party may have for the default of the other party under this Agreement. 
  

	 	6.	CONFIDENTIALITY 

  
 The nature of the work performed and any information belonging to the Company or any third party with which Employee may become familiar will be treated
as confidential and may not be disclosed without the written consent of the Company, except as provided herein. Employee agrees to keep in strictest confidence all information relating to the business affairs of the Company which may be acquired in
connection with or as a result of this Agreement. During the term of this Agreement and at any time thereafter, without the prior written consent of the Company, Employee will not publish, communicate, divulge, disclose or use any of such
information which has been designated as secret, confidential or proprietary, or from the surrounding circumstances of which ought to be treated as secret or confidential. 
  

	 	7.	NON-SOLICITATION/HIRE 

  
 During the term of this Agreement, and for one (1) year following the date on which Employee’s services under this Agreement are terminated, Employee
agrees not to interfere with the business of the Company by soliciting or attempting to solicit any employee of the Company, to terminate such employee’s employment in order to become an employee of or a consultant or independent contractor to
or for any person, corporation, firm, partnership or other entity whatsoever. Employee’s duties under this Section 7 shall survive termination of Employee’s services for the Company and the termination of this Agreement. 
  

	 	8.	NONCOMPETE 

  
 During the term of this Agreement, except on behalf of the Company, Employee shall not directly or indirectly, whether as an officer, director, employee,
stockholder, partner, proprietor, 

  

 -2- 

 
associate, representative, consultant, or in any capacity whatsoever engage in, become financially interested in, be employed by or have any business
connection with any other person, corporation, firm, partnership or other entity whatsoever that was known by Employee to compete directly with the Company, throughout the world, in any line of business engaged in (or planned to be engaged in) by
the Company. Notwithstanding the previous sentence, Employee may own, as a passive investor, securities of any competitor corporation, so long as Employee’s direct holdings in any one such corporation shall not in the aggregate constitute more
than 1% of the voting stock of such corporation. In addition, Employee may, with approval of the Board of Directors of the Company, serve as a director on the boards of directors of other corporations and business entities so long as such
corporations or business entities do not compete directly with the Company; in any area of the world, in any line of business engaged in (or planned to be engaged in) by the Company, and so long as such service does not materially interfere with the
performance of Employee’s duties hereunder. 
  

	 	9.	TAXES 

  
 All payments under this Agreement or otherwise shall be subject to withholding for any income taxes or other taxes or required withholdings. 

 

	 	10.	NOTICES 

  
 Any notice or other communication required to be given under the terms of this Agreement shall be deemed to have been given upon personal delivery or upon
the lapse of three (3) days following deposit for delivery by certified or registered United States mail, postage fully prepaid and addressed to the party at the Company’s or Employee’s respective address as shown herein (or at such other
address to which one party gives the other by the same means of notice). 
  
 Notice and payment to Employee shall be sent to the following address: 
  
 ___________________________ 
  
 ___________________________ 
  
 ___________________________ 
  
 ___________________________ 
  
 Notice to the Company shall be sent to the following address: 
  
 EXAR CORPORATION 
 48720 Kato Road 
 Fremont, California 94538 
 Attn: Legal Department 
  

	 	11.	GENERAL 

  
 (a) This Agreement constitutes the entire agreement between the parties and supersedes all prior agreements and understandings between
them relating to the subject matter hereunder (with the exception of the Employment Agreement, certain provisions of which, by their terms, may continue in effect during the term of this Agreement), and no modification of this Agreement shall be
binding on either party unless it is in writing and signed by both parties. 
  

 -3- 

 (b) The rights and obligations of the parties to this Agreement shall be governed by and
construed in accordance with the laws of the State of California. The parties hereto subject themselves to the jurisdiction of the state and federal courts of the State of California residing within the County of Alameda with respect to any dispute,
disagreement or claim arising hereunder, and agree that any such dispute, disagreement or claim shall be exclusively resolved by such California state or federal court. 
  
 (c) The prevailing party in any legal, arbitration or dispute resolution action brought by one party against
the other regarding the performance, interpretation, enforcement or with respect to any matter arising out of or in connection with this Agreement shall be entitled, in addition to any other rights and remedies it may have, to reimbursement for its
expenses incurred thereby, including court costs and reasonable attorneys’ fees. 
  
 (d) Neither party shall assign this Agreement or any rights hereunder without the prior written consent of the other. Subject to this
restriction, this Agreement shall benefit and bind the successors and assigns of the parties. 
  
 The parties hereto have caused this Agreement to be executed as of the date first above written. 
  

									
	EXAR CORPORATION	 	 	 	DONALD L. CIFFONE, JR.
					
	By:	 	 	 	 	 	By:	 	 
	 	 	
	 	 	 	 	 	

					
	 Title:
	 	 	 	 	 	 Title:
	 	 
	 	 	
	 	 	 	 	 	

					
	 Date:
	 	 	 	 	 	 Date:
	 	 
	 	 	
	 	 	 	 	 	

  

 -4- 

 EXHIBIT A-2 
  
 SECOND PART-TIME EMPLOYMENT AGREEMENT 
  

 -5- 

 SECOND PART-TIME EMPLOYMENT AGREEMENT 
  
 This SECOND PART-TIME EMPLOYMENT AGREEMENT (the “Agreement”) is made as of the
             day of 200  , by and between EXAR CORPORATION, including its affiliates and wholly owned subsidiaries, a Delaware corporation, with its principal place
of business at 48720 Kato Road, Fremont, California 94538 (the “Company”), and DONALD L. CIFFONE, JR., an individual residing at (the “Employee”). 
  
 FOR AND IN CONSIDERATION of the mutual promises and conditions set forth below, the Company and Employee agree as follows:

  

	 	1.	SERVICES 

  
 The Company agrees to retain Employee for the term specified in Section 2 to render services to the Company in the field of Employee’s expertise for
the purpose of providing executive management services. Employee shall exercise his best skill and judgment in performing such services under this Agreement. 
  

	 	2.	TERM 

  
 Employee’s service under this Agreement shall continue until the Company’s 2007 Annual Meeting of Stockholders, unless terminated earlier as provided in Section 5, although the parties hereto may agree in
writing to extend the term of Employee’s service under this Agreement. Employee’s commencement and continuation of service under this Agreement shall constitute continuous service with the Company for purposes of continued vesting and
exercisability of any outstanding Company stock options or Company restricted stock held by Employee as of the effective date hereof (“Effective Date”). 
  

	 	3.	COMPENSATION 

  
 The Company will pay Employee compensation for his employment in an amount equal to ten thousand dollars ($10,000) per month during the term of this
Agreement. Payment to Employee shall be mailed to his address, as listed in Section 10. Employee acknowledges that, except as expressly provided in this Agreement or Section 3.5 or Article 4 of the Employment Agreement (to the extent applicable),
Employee will not receive from the Company any additional compensation (including, but not limited to, salary or bonuses) or benefits including, but not limited to, severance, stock, stock options and retirement benefits. After the Effective Date,
Employee will not accrue any additional vacation under Company’s vacation policy. 
  

	 	4.	OBLIGATIONS 

  
 During the term of this Agreement, you will devote up to a maximum of eight (8) hours per week to the Company (or any affiliated company) as the
Company’s Chief Executive Officer may direct. 
  

	 	5.	TERMINATION 

  
 (a) Either party may, at its option, terminate this Agreement if the other party: (i) defaults in the performance of a material obligation
hereunder, provided such default has not been corrected within thirty (30)—days after receipt of notice describing such default; (ii) becomes a party to any proceeding involving his or its bankruptcy or other insolvency; or (iii) ceases to be
actively engaged in business or financially incapable of fulfilling its obligations under this Agreement. 
  
 (b) Nothing contained herein shall limit any other remedies that either party may have for the default of the other party under this
Agreement. 
  

	 	6.	CONFIDENTIALITY 

  
 The nature of the work performed and any information belonging to the Company or any third party with which Employee may become familiar will be treated
as confidential and may not be disclosed without the written consent of the Company, except as provided herein. Employee agrees to keep in strictest confidence all information relating to the business affairs of the Company which may be acquired in
connection with or as a result of this Agreement. During the term of this Agreement and at any time thereafter, without the prior written consent of the Company, Employee will not publish, communicate, divulge, disclose or use any of such
information which has been designated as secret, confidential or proprietary, or from the surrounding circumstances of which ought to be treated as secret or confidential. 
  

	 	7.	NON-SOLICITATION/HIRE 

  
 During the term of this Agreement, and for one (1) year following the date on which Employee’s services under this Agreement are terminated, Employee
agrees not to interfere with the business of the Company by soliciting or attempting to solicit any employee of the Company, to terminate such employee’s employment in order to become an employee of or a consultant or independent contractor to
or for any person, corporation, firm, partnership or other entity whatsoever. Employee’s duties under this Section 7 shall survive termination of Employee’s services for the Company and the termination of this Agreement. 
  

	 	8.	NONCOMPETE 

  
 During the term of this Agreement, except on behalf of the Company, Employee shall not directly or indirectly, whether as an officer, director, employee,
stockholder, partner, proprietor, associate, representative, consultant, or in any capacity whatsoever engage in, become financially interested in, be employed by or have any business connection with any other person, corporation, firm, partnership
or other entity whatsoever that was known by Employee to compete directly with the Company, throughout the world, in any line of business engaged in (or planned to be engaged in) by the Company. Notwithstanding the previous sentence, Employee may
own, as a passive investor, securities of any competitor corporation, so long as Employee’s direct holdings in any one such corporation shall not in the aggregate constitute more than 1% of the voting stock of such corporation. In addition,
Employee may, with approval of the Board of Directors of the Company, serve as a director on the boards of directors of other corporations and business entities so long as such corporations or business entities do not compete directly with the
Company; in any area of the 

  

 -2- 

 
world, in any line of business engaged in (or planned to be engaged in) by the Company, and so long as such service does not materially interfere with the
performance of Employee’s duties hereunder. 
  

	 	9.	TAXES 

  
 All payments under this Agreement or otherwise shall be subject to withholding for any income taxes or other taxes or required withholdings. 

 

	 	10.	NOTICES 

  
 Any notice or other communication required to be given under the terms of this Agreement shall be deemed to have been given upon personal delivery or upon
the lapse of three (3) days following deposit for delivery by certified or registered United States mail, postage fully prepaid and addressed to the party at the Company’s or Employee’s respective address as shown herein (or at such other
address to which one party gives the other by the same means of notice). 
  
 Notice and payment to Employee shall be sent to the following address: 
  
 ___________________________ 
  
 ___________________________ 
  
 ___________________________ 
  
 ___________________________ 
  
 Notice to the Company shall be sent to the following address: 
  
 EXAR CORPORATION 
 48720 Kato Road 
 Fremont, California 94538 
 Attn: Legal Department 
  

	 	11.	GENERAL 

  
 (a) This Agreement constitutes the entire agreement between the parties and supersedes all prior agreements and understandings between
them relating to the subject matter hereunder (with the exception of the Employment Agreement, certain provisions of which, by their terms, may continue in effect during the term of this Agreement), and no modification of this Agreement shall be
binding on either party unless it is in writing and signed by both parties. 
  
 (b) The rights and obligations of the parties to this Agreement shall be governed by and construed in accordance with the laws of the State of California. The parties hereto subject themselves to the jurisdiction of
the state and federal courts of the State of California residing within the County of Alameda with respect to any dispute, disagreement or claim arising hereunder, and agree that any such dispute, disagreement or claim shall be exclusively resolved
by such California state or federal court. 
  
 (c) The prevailing party in any legal, arbitration or dispute resolution action brought by one party against the other regarding the performance, interpretation, enforcement or 

  

 -3- 

 
with respect to any matter arising out of or in connection with this Agreement shall be entitled, in addition to any other rights and remedies it may have,
to reimbursement for its expenses incurred thereby, including court costs and reasonable attorneys’ fees. 
  
 (d) Neither party shall assign this Agreement or any rights hereunder without the prior written consent of the other. Subject to this
restriction, this Agreement shall benefit and bind the successors and assigns of the parties. 
  
 The parties hereto have caused this Agreement to be executed as of the date first above written. 
  

									
	EXAR CORPORATION	 	 	 	DONALD L. CIFFONE, JR.
					
	By:	 	 	 	 	 	By:	 	 
	 	 	
	 	 	 	 	 	

					
	 Title:
	 	 	 	 	 	 Title:
	 	 
	 	 	
	 	 	 	 	 	

					
	 Date:
	 	 	 	 	 	 Date:
	 	 
	 	 	
	 	 	 	 	 	

  

 -4- 

 EXHIBIT B 
  

RELEASE 
 (INDIVIDUAL TERMINATION)

  
 Certain capitalized terms used in this Release are defined
in the Executive Employment Agreement (the “Agreement”) which I have executed and of which this Release is a part. 
  
 I acknowledge that I have read and understand Section 1542 of the California Civil Code which reads as follows: “A general release does not extend
to claims which the creditor does not know or suspect to exist in his favor at the time of executing the release, which if known by him must have materially affected his settlement with the debtor.” I hereby expressly waive and relinquish
all rights and benefits under that Section and any law of any jurisdiction of similar effect with respect to my release of any claims I may have against the Company. 
  
 Except as otherwise set forth in this Release, in consideration of benefits I will receive under the Agreement, I hereby
release, acquit and forever discharge the Company, its parents and subsidiaries, and their officers, directors, agents, servants, employees, shareholders, successors, assigns and affiliates, of and from any and all claims, liabilities, demands,
causes of action, costs, expenses, attorneys’ fees, damages, indemnities and obligations of every kind and nature, in law, equity, or otherwise, known and unknown, suspected and unsuspected, disclosed and undisclosed (other than any claim for
indemnification I may have as a result of any third party action against me based on my employment with the Company or any claim to severance benefits pursuant to the terms of the Agreement), arising out of or in any way related to agreements,
events, acts or conduct at any time prior to and including the date I execute this Release, including, but not limited to: all such claims and demands directly or indirectly arising out of or in any way connected with my employment with the Company
or the termination of that employment, including, but not limited to, claims of intentional and negligent infliction of emotional distress, any and all tort claims for personal injury, claims or demands related to salary, bonuses, commissions,
stock, stock options, or any other ownership interests in the Company, vacation pay, fringe benefits, expense reimbursements, severance pay, or any other form of compensation; claims pursuant to any federal, state or local law or cause of action
including, but not limited to, the federal Civil Rights Act of 1964, as amended; the federal Age Discrimination in Employment Act of 1967, as amended (“ADEA”); the federal Employee Retirement Income Security Act of 1974, as amended; the
federal Americans with Disabilities Act of 1990; the California Fair Employment and Housing Act, as amended; tort law; contract law; statutory law; common law; wrongful discharge; discrimination; fraud; defamation; emotional distress; and breach of
the implied covenant of good faith and fair dealing; provided however, that nothing in this paragraph shall be construed in any way to release the Company from its obligation to indemnify me pursuant to the Company’s indemnification
obligation pursuant to agreement or applicable law. 
  
 I
acknowledge that I am knowingly and voluntarily waiving and releasing any rights I may have under the ADEA. I also acknowledge that the consideration given under the Agreement for the waiver and release in the preceding paragraph hereof is in
addition to anything of value to which I was already entitled. I further acknowledge that I have been advised by this writing, as required by 

  

 
the ADEA, that: (A) my waiver and release do not apply to any rights or claims that may arise on or after the date I execute this Release; (B) I have the
right to consult with an attorney prior to executing this Release; (C) I have twenty-one (21) days to consider this Release (although I may choose to voluntarily execute this Release earlier); (D) I have seven (7) days following my execution of this
Release to revoke the Release; and (E) this Release shall not be effective until the date upon which the revocation period has expired, which shall be the eighth (8th) day after this Release is executed by me. 
  

			
	DONALD L. CIFFONE, JR.
	
	

	 Date:
	 	 
	 	 	

  

 -2- 

 EXHIBIT C 
  

RELEASE 
 (GROUP TERMINATION)

  
 Certain capitalized terms used in this Release are defined
in the Executive Employment Agreement (the “Agreement”) which I have executed and of which this Release is a part. 
  
 I acknowledge that I have read and understand Section 1542 of the California Civil Code which reads as follows: “A general release does not extend
-to claims which the creditor does not know or suspect to exist in his favor at the time of executing the release, which if known by him must have materially affected his settlement with the debtor:” I hereby expressly waive and relinquish
all rights and benefits under that Section and any law of any jurisdiction of-similar effect with respect to my release of any claims I may have against the Company. 
  
 Except as otherwise set forth in this Release, in consideration of benefits I will receive under the Agreement, I hereby
release, acquit and forever discharge the Company, its parents, and subsidiaries, and their officers, directors, agents, servants, employees, shareholders, successors, assigns and affiliates, of and from any and all claims, liabilities, demands,
causes of action, costs, expenses, attorneys’ fees, damages, indemnities and obligations of every kind and nature, in law, equity, or otherwise, known and unknown, suspected and unsuspected, disclosed and undisclosed (other than any claim for
indemnification I may have as a result of any third party action against me based on any employment with the Company or any claim to severance benefits pursuant to the terms of the Agreement), arising out of or in any way related to agreements,
events, acts or conduct at any time prior to and including the date I execute this Release, including, but not limited to: all such claims and demands directly or indirectly arising out of or in any way connected with my employment with the Company
or the termination of that employment, including, but not limited to, claims of intentional and negligent infliction of emotional distress, any and all tort claims for. personal injury, claims or demands related to salary, bonuses, commissions,
stock, stock options, or any other ownership interests in the Company, vacation pay, fringe benefits, expense reimbursements, severance pay, or any other form of compensation; claims pursuant to any federal, state or local law or cause of action
including, but not limited to, the federal Civil Rights Act of 1964, as amended; the federal Age Discrimination in Employment Act of 1967, as amended (“AREA”); the federal Employee Retirement Income Security Act of 1974, as amended; the
federal Americans with Disabilities Act of 1990; the California Fair Employment and Housing Act, as amended; tort law; contract law; statutory law; common law; wrongful discharge; discrimination; fraud; defamation; emotional distress; and breach of
the implied covenant of good faith and fair dealing; provided, however, that nothing in this paragraph shall be construed in any way to release the Company from its obligation to indemnify me pursuant to the Company’s indemnification
obligation pursuant to agreement or applicable law. 
  
 I
acknowledge that I am knowingly and voluntarily waiving and releasing any rights I may have under the ADEA. I also acknowledge that the consideration given under the Agreement for the waiver and release in the preceding paragraph hereof is in
addition to anything of value to which I was already entitled. I further acknowledge that I have been advised by this writing, as required by 

  

 
the AREA, that: (A) my waiver and release do not apply to any rights or claims that may arise on or after the date I execute this Release; (B) I have the
right to consult with an attorney prior to executing this Release; (C) I have forty-five (45) days to consider this Release (although I may choose to voluntarily execute this Release earlier); (D) I have seven (7) days following my execution of this
Release to revoke the Release; (E) this Release shall not be effective until the date upon which the revocation period has expired, which shall be the eighth day (8th) after this Release is executed by me; and (F) I have received with this Release a
detailed list of the job titles and ages of all employees who were terminated in this group termination and the ages of all employees of the Company in the same job classification or organizational unit who were not terminated. 
  

			
	DONALD L. CIFFONE, JR.
	
	

	 Date:
	 	 
	 	 	

  

 -2-

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