Document:

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                                                                     Exhibit 4.5

                          AMENDMENT AND WAIVER OF RIGHT

      This amendment and waiver of right, dated as of September 6, 2000,
("Amendment and Waiver"), pursuant to the following agreements, all dated as of
March 10, 2000, by and between NETGEAR, Inc., a Delaware corporation (the
"Company"), Nortel Networks NA Inc., a Delaware corporation ("Nortel Networks"),
and Pequot Private Equity Fund II, L.P. ("Pequot"): the Series B Convertible
Participating Preferred Stock Purchase Agreement (the "Stock Purchase
Agreement"), Investors Agreement (the "Rights Agreement"), and Voting Agreement
(the "Voting Agreement"; the Stock Purchase Agreement, the Rights Agreement and
Voting Agreement collectively referred to as the "Related Agreements").
Capitalized terms used herein, unless specifically defined herein, have the
meanings assigned them in the Stock Purchase Agreement, the Rights Agreement and
the Voting Agreement.

                                    RECITALS

      A. WHEREAS, pursuant to the Stock Transfer Agreement, dated as of
September 6, 2000 (the "Stock Transfer Agreement"), by and between Nortel
Networks, the Company, and the transferees listed in Exhibit A attached thereto
and set forth below (the "Transferees"), Nortel Networks desires to transfer and
sell to Transferees, and Transferees desire to purchase from Nortel Networks,
3,414,914 shares of Series A Convertible Participating Preferred Stock of the
Company ("Series A Preferred Stock"), with the number of shares to be purchased
and the aggregate purchase price to be paid for the Series A Preferred Stock set
forth opposite the name of each Transferee in Exhibit A, all according to the
terms and conditions set forth in the Stock Transfer Agreement and the Related
Agreements.

      B. WHEREAS, pursuant to Section 4.3 of the Stock Purchase Agreement,
Section 5 of the Rights Agreement, and Section 10 of the Voting Agreement,
Nortel Networks desires to provide written notice to the Company and Pequot of
its desire to sell and transfer to the Transferees such shares of Series A
Preferred Stock.

      C. WHEREAS, pursuant to Section 4.4 of the Stock Purchase Agreement, the
Company and Pequot desire to waive their respective Mutual Rights of First
Refusal held by them pursuant to the Stock Purchase Agreement.

      D. WHEREAS, in order for the Company to expand its shareholder base and
demonstrate to potential investors a broad range of existing shareholders, the
Company, Pequot and Nortel Networks hereby agree to amend Section 4.2 and
Section 9.2(b) of the Stock Purchase Agreement and Section 4 of the Rights
Agreement to provide for permissible transfers by the Transferees to affiliates
of such Transferees and to amend the terms "Purchasers" and "Stockholders," as
they are defined in Rights Agreement, to include the Transferees within the
definition of "Purchaser" and Delta International Holding Limit within the
definition of "Stockholder."

      NOW, THEREFORE, in consideration of the forgoing, the parties agree as
follows:

      1. The undersigned parties, acting in their capacity as duly authorized
officers of the Company and Pequot, respectively, hereby acknowledge and waive
each of their Mutual Right of

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First Refusal held by them pursuant to Section 4 of the Stock Purchase Agreement
with respect to the above-referenced transaction.

     2.   Section 4.2 of the Stock Purchase Agreement is amended to read in its
entirety as follows:

          "4.2 Transfers Not Subject to Restrictions. Any Investor, including
     such successors and assigns of Investor, may Transfer Shares without
     compliance with the provisions of this Agreement as follows: by an Investor
     which is (i) a partnership, to an affiliate of such partnership, or a
     corporation, to a wholly owned subsidiary of such corporation or in a
     distribution to its stockholders; (ii) a partnership or affiliated
     partnership, to a partner of such partnership or a retired partner of such
     partnership who retires after the date hereof, or to the estate of any such
     partner or retired partner; (iii) a limited liability company, to a member
     of such limited liability company or a retired member who resigns after the
     date hereof or to the estate of any such member or retired member; or (iv)
     in any event to a partner, shareholder, member, parent, wholly-owned
     subsidiary or Affiliate of an Investor (Affiliate is defined as any person
     or entity directly or indirectly controlling, controlled by or under direct
     or indirect common control with such Investor) (collectively "Permitted
     Transferees"), and in the case of Shamrock Holdings of California, Inc.
     ("Shamrock"), Permitted Transferees shall also include (x) Shamrock
     Holdings, Inc. ("Holdings") and Private Equity Holdings, A.G ("PEH"); (y)
     any entity 50% or more of whose voting or equity securities are owned,
     directly or indirectly by, Holdings, PEH, a Permitted Transferee of
     Holdings or PEH any executive officers of Shamrock and/or any member of the
     Roy E. Disney family (or any trust for his/her benefit) and (z) any entity
     in which Holdings or a Permitted Transferee of Holdings or any of the
     foregoing referenced in clause (y) serves as a general partner or manager;
     provided that the transferee in each case agrees in writing to be subject
     to the terms of this Agreement to the same extent as if it were an original
     Investor hereunder."

     3.   Section 9.2(b) of the Stock Purchase Agreement is amended to read in
its entirety as follows:

          "(b) Notwithstanding the foregoing, no registration or opinion of
     counsel shall be required for (i) a transfer by a Purchaser which is a
     corporation to a wholly owned subsidiary of such corporation or to its
     stockholders as a dividend, a transfer by a Purchaser which is a
     partnership to a partner of such partnership or a retired partner of such
     partnership who retires after the date hereof, to an affiliate of such
     partnership or to the estate of any such partner or retired partner, a
     transfer by a Purchaser which is a limited liability company to a member of
     such limited liability company or a retired member who resigns after the
     date hereof or to the estate of any such member or retired member, a
     transfer by a Purchaser, which shall include such successors and assigns of
     Purchaser, to a partner, shareholder, member, parent, wholly-owned
     subsidiary or Affiliate or Permitted Transferee of a Purchaser; provided
     that the transferee in each case agrees in writing to be subject to the
     terms of this Section 9 to the same extent as if it were the original
     Purchaser hereunder, or (ii) a transfer made in accordance with Rule 144
     under the Securities Act."

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     4.   As the term "Purchaser" is defined in the Rights Agreement, Shamrock
Holdings of California, Inc. shall be deemed a "Purchaser" and BMO Nesbitt Burns
Capital (U.S.), Inc. shall be deemed a "Purchaser." As the term "Purchaser" is
defined in the Rights Agreement, Blue Ridge Private Equity Fund, LLC and Blue
Ridge Limited Partnership shall be deemed as acting jointly and severally to be
one (1) "Purchaser." As the term "Purchaser" is defined in the Rights Agreement,
The Abernathy Group HSN Fund, L.P. and The Abernathy Group Institutional HSN
Fund, L.P. shall be deemed as acting jointly and severally to be one (1)
"Purchaser."

     5.   Section 4 of the Rights Agreement is amended to read in its entirety
as follows:

          "4. Transfers of Rights. This Agreement, and the rights and
     obligations of each Stockholder hereunder, may be assigned, in whole or in
     part, by such Stockholder to (i) any person or entity to which at least
     500,000 Shares are transferred by such Stockholder, (ii) any partner or
     stockholder of such Stockholder, (iii) any venture capital fund, investment
     entity or investment account for which Pequot Capital Management, Inc. or
     its successors or assigns is the investment manager or investment advisor
     or (iv) if such Stockholder is a corporation, a wholly owned subsidiary of
     such corporation or in a distribution to its stockholders, and (iv) to a
     partner, shareholder, member, parent, wholly-owned subsidiary or Affiliate
     of each Stockholder (Affiliate is defined as any person or entity directly
     or indirectly controlling, controlled by or under direct or indirect common
     control with such Stockholder) (collectively "Permitted Transferees"), and
     in the case of Shamrock Holdings of California, Inc. ("Shamrock"),
     Permitted Transferees shall also include (x) Shamrock Holdings, Inc.
     ("Holdings") and Private Equity Holdings, A.G ("PEH"); (y) any entity 50%
     or more of whose voting or equity securities are owned, directly or
     indirectly by, Holdings, PEH, a Permitted Transferee of Holdings or PEH any
     executive officers of Shamrock and/or any member of the Roy E. Disney
     family (or any trust for his/her benefit) and (z) any entity in which
     Holdings or a Permitted Transferee of Holdings or any of the foregoing
     referenced in clause (y) serves as a general partner or manager, and in
     each case such transferee shall be deemed a "Stockholder" and, if
     applicable, a "Purchaser" for purposes of this Agreement; provided that the
     transferee provides written notice of such assignment to the Company and
     agrees in writing to be bound hereby."

     6.   Section 1 of the Rights Agreement is amended to read in its entirety
as follows:

          "Stockholders" means Nortel Networks, the Purchasers, Delta
     International Holding Limit ("Delta") and any persons or entities to whom
     the rights granted under this Agreement are transferred by Nortel Networks,
     the Purchasers, Delta, their successors or assigns pursuant to Section 4
     hereof."

                           [SIGNATURE PAGE TO FOLLOW]

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     IN WITNESS WHEREOF, the parties hereto have executed this Waiver as of the
day and year first above written. This Amendment and Waiver may be executed in
counterparts, each of which shall be deemed to be an original, but all of which
together shall constitute one and the same instrument.

                                        NETGEAR, INC.

                                        Name:
                                             -----------------------------------
                                        By:
                                           -------------------------------------
                                        Its:
                                            ------------------------------------

                                        NORTEL NETWORKS NA, INC.

                                        Name:
                                             -----------------------------------
                                        By:
                                           -------------------------------------
                                        Its:
                                            ------------------------------------

                                        PEQUOT PRIVATE EQUITY FUND II, L.P.

                                        Name:
                                             -----------------------------------
                                        By:
                                           -------------------------------------
                                        Its:
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                                                                    EXHIBIT 10.1

                                 NETGEAR, INC.

                            INDEMNIFICATION AGREEMENT

        This Indemnification Agreement ("Agreement") is made as of August___,
2000 by and between Netgear, Inc., a Delaware corporation (the "Company"), and
________________ ("Indemnitee").

        WHEREAS, the Company and Indemnitee recognize the increasing difficulty
in obtaining directors' and officers' liability insurance, the significant
increases in the cost of such insurance and the general reductions in the
coverage of such insurance;

        WHEREAS, the Company and Indemnitee further recognize the substantial
increase in corporate litigation in general, subjecting officers and directors
to expensive litigation risks at the same time as the coverage of liability
insurance has been limited;

        WHEREAS, Indemnitee does not regard the current protection available as
adequate under the present circumstances, and Indemnitee and other officers and
directors of the Company may not be willing to continue to serve as officers and
directors without additional protection; and

        WHEREAS, the Company desires to attract and retain the services of
highly qualified individuals, such as Indemnitee, to serve as officers and
directors of the Company and to indemnify its officers and directors so as to
provide them with the maximum protection permitted by law.

        NOW, THEREFORE, the Company and Indemnitee hereby agree as follows:

        1. Indemnification.

               (a) Third Party Proceedings. The Company shall indemnify
Indemnitee if Indemnitee is or was a party or is threatened to be made a party
to any threatened, pending or completed action or proceeding, whether civil,
criminal, administrative or investigative (other than an action by or in the
right of the Company) by reason of the fact that Indemnitee is or was a
director, officer, employee or agent of the Company, or any subsidiary of the
Company, by reason of any action or inaction on the part of Indemnitee while an
officer or director or by reason of the fact that Indemnitee is or was serving
at the request of the Company as a director, officer, employee or agent of
another corporation, partnership, joint venture, trust or other enterprise,
against expenses (including attorneys' fees), judgments, fines and amounts paid
in settlement (if such settlement is approved in advance by the Company, which
approval shall not be unreasonably withheld) actually and reasonably incurred by
Indemnitee in connection with such action or proceeding if Indemnitee acted in
good faith and in a manner Indemnitee reasonably believed to be in or not
opposed to the best interests of the Company, and, with respect to any criminal
action or proceeding, had no reasonable cause to believe Indemnitee's conduct
was unlawful. The termination of any action, suit or proceeding by judgment,
order, settlement, conviction, or upon a plea of nolo contendere or its
equivalent, shall not, of itself, create a presumption that (i) Indemnitee did
not act in good faith, (ii) Indemnitee did not act in a manner which Indemnitee
reasonably believed to be in or not opposed to

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the best interests of the Company, or (iii) with respect to any criminal action
or proceeding, Indemnitee had no reasonable cause to believe that Indemnitee's
conduct was unlawful.

               (b) Proceedings By or in the Right of the Company. The Company
shall indemnify Indemnitee if Indemnitee was or is a party or is threatened to
be made a party to any threatened, pending or completed action or suit by or in
the right of the Company or any subsidiary of the Company to procure a judgment
in its favor by reason of the fact that Indemnitee is or was a director,
officer, employee or agent of the Company, or any subsidiary of the Company, by
reason of any action or inaction on the part of Indemnitee while an officer or
director or by reason of the fact that Indemnitee is or was serving at the
request of the Company as a director, officer, employee or agent of another
corporation, partnership, joint venture, trust or other enterprise, against
expenses (including attorneys' fees) and, to the fullest extent permitted by
law, amounts paid in settlement, in each case to the extent actually and
reasonably incurred by Indemnitee in connection with the defense or settlement
of such action or proceeding if Indemnitee acted in good faith and in a manner
Indemnitee reasonably believed to be in or not opposed to the best interests of
the Company and its stockholders, except that no indemnification shall be made
in respect of any claim, issue or matter as to which Indemnitee shall have been
adjudged to be liable to the Company in the performance of Indemnitee's duty to
the Company and its stockholders unless and only to the extent that the court in
which such action or suit is or was pending shall determine upon application
that, in view of all the circumstances of the case, Indemnitee is fairly and
reasonably entitled to indemnity for such expenses and then only to the extent
that the court shall determine.

        2. Agreement to Serve. In consideration of the protection afforded by
this Agreement, if Indemnitee is a director of the Company, he agrees to serve
at least for the balance of the current term as a director and not to resign
voluntarily during such period without the written consent of a majority of the
Board of Directors. If Indemnitee is an officer of the Company not serving under
an employment contract, he agrees to serve in such capacity at least for the
balance of the current fiscal year of the Company and not to resign voluntarily
during such period without the written consent of a majority of the Board of
Directors. Following the applicable period set forth above, Indemnitee agrees to
continue to serve in such capacity at the will of the Company (or under separate
agreement, if such agreement exists) so long as he is duly appointed or elected
and qualified in accordance with the applicable provisions of the Bylaws of the
Company or any subsidiary of the Company or until such time as he tenders his
resignation in writing. Nothing contained in this Agreement is intended to or
shall create in Indemnitee any right to continued employment.

        3. Expenses; Indemnification Procedure.

               (a) Advancement of Expenses. The Company shall advance all
expenses incurred by Indemnitee in connection with the investigation, defense,
settlement or appeal of any civil or criminal action or proceeding referenced in
Section 1(a) or (b) hereof (but not amounts actually paid in settlement of any
such action or proceeding). Indemnitee hereby undertakes to repay such expenses
advanced only if, and to the extent that, it shall ultimately be determined that
Indemnitee is not entitled to be indemnified by the Company as authorized
hereby. The advances to be made hereunder shall be paid by the Company to
Indemnitee within twenty (20) days following delivery of a written request
therefor by Indemnitee to the Company.

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               (b) Notice/Cooperation by Indemnitee. Indemnitee shall, as a
condition precedent to his right to be indemnified under this Agreement, give
the Company notice in writing as soon as practicable of any claim made against
Indemnitee for which indemnification will or could be sought under this
Agreement. Notice to the Company shall be directed to the Chief Executive
Officer of the Company at the address shown on the signature page of this
Agreement (or such other address as the Company shall designate in writing to
Indemnitee). Notice shall be deemed received three (3) business days after the
date postmarked if sent by domestic certified or registered mail, properly
addressed; otherwise notice shall be deemed received when such notice shall
actually be received by the Company. In addition, Indemnitee shall give the
Company such information and cooperation as it may reasonably require and as
shall be within Indemnitee's power.

               (c) Procedure. Any indemnification provided for in Section 1
shall be made no later than forty-five (45) days after receipt of the written
request of Indemnitee. If a claim under this Agreement, under any statute, or
under any provision of the Company's Certificate of Incorporation or Bylaws
providing for indemnification, is not paid in full by the Company within
forty-five (45) days after a written request for payment thereof has first been
received by the Company, Indemnitee may, but need not, at any time thereafter
submit his claim to arbitration as described in Section 14 to recover the unpaid
amount of the claim and, subject to Section 15 of this Agreement, Indemnitee
shall also be entitled to be paid for the expenses (including attorneys' fees)
of bringing such claim. It shall be a defense to any such action (other than a
claim brought for expenses incurred in connection with any action or proceeding
in advance of its final disposition) that Indemnitee has not met the standards
of conduct which make it permissible under applicable law for the Company to
indemnify Indemnitee for the amount claimed, but the burden of proving such
defense shall be on the Company, and Indemnitee shall be entitled to receive
interim payments of expenses pursuant to Section 3(a) unless and until such
defense may be finally adjudicated by court order or judgment from which no
further right of appeal exists or an arbitration panel as described in Section
14. It is the parties' intention that if the Company contests Indemnitee's right
to indemnification, the question of Indemnitee's right to indemnification shall
be for the court or arbitration panel to decide, and neither the failure of the
Company (including its Board of Directors, any committee or subgroup of the
Board of Directors, independent legal counsel, or its stockholders) to have made
a determination that indemnification of Indemnitee is proper in the
circumstances because Indemnitee has met the applicable standard of conduct
required by applicable law, nor an actual determination by the Company
(including its Board of Directors, any committee or subgroup of the Board of
Directors, independent legal counsel, or its stockholders) that Indemnitee has
not met such applicable standard of conduct, shall create a presumption that
Indemnitee has or has not met the applicable standard of conduct.

               (d) Notice to Insurers. If, at the time of the receipt of a
notice of a claim pursuant to Section 3(b) hereof, the Company has director and
officer liability insurance in effect, the Company shall give prompt notice of
the commencement of such proceeding to the insurers in accordance with the
procedures set forth in the respective policies. The Company shall thereafter
take all necessary or desirable action to cause such insurers to pay, on behalf
of the Indemnitee, all amounts payable as a result of such proceeding in
accordance with the terms of such policies.

               (e) Selection of Counsel. In the event the Company shall be
obligated under Section 3(a) hereof to pay the expenses of any proceeding
against Indemnitee, the Company, if

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appropriate, shall be entitled to assume the defense of such proceeding, with
counsel approved by Indemnitee, which approval shall not be unreasonably
withheld, upon the delivery to Indemnitee of written notice of its election so
to do. After delivery of such notice, approval of such counsel by Indemnitee and
the retention of such counsel by the Company, the Company will not be liable to
Indemnitee under this Agreement for any fees of counsel subsequently incurred by
Indemnitee with respect to the same proceeding, provided that (i) Indemnitee
shall have the right to employ his own counsel in any such proceeding at
Indemnitee's expense; and (ii) if (A) the employment of counsel by Indemnitee
has been previously authorized by the Company, (B) Indemnitee shall have
reasonably concluded that there may be a conflict of interest between the
Company and Indemnitee in the conduct of any such defense or (C) the Company
shall not, in fact, have employed counsel to assume the defense of such
proceeding, then the fees and expenses of Indemnitee's counsel shall be at the
expense of the Company.

        4. Additional Indemnification Rights; Nonexclusivity.

               (a) Scope. Notwithstanding any other provision of this Agreement,
the Company hereby agrees to indemnify the Indemnitee to the fullest extent
permitted by law, notwithstanding that such indemnification is not specifically
authorized by the other provisions of this Agreement, the Company's Certificate
of Incorporation, the Company's Bylaws or by statute. In the event of any
change, after the date of this Agreement, in any applicable law, statute or rule
which expands the right of a Delaware corporation to indemnify a member of its
Board of Directors or an officer, such changes shall be, ipso facto, within the
purview of Indemnitee's rights and Company's obligations under this Agreement.
In the event of any change in any applicable law, statute or rule which narrows
the right of a Delaware corporation to indemnify a member of its Board of
Directors or an officer, such changes, to the extent not otherwise required by
such law, statute or rule to be applied to this Agreement shall have no effect
on this Agreement or the parties' rights and obligations hereunder.

               (b) Nonexclusivity. The indemnification provided by this
Agreement shall not be deemed exclusive of any rights to which Indemnitee may be
entitled under the Company's Certificate of Incorporation, its Bylaws, any
agreement, any vote of stockholders or disinterested directors, the General
Corporation Law of the State of Delaware, or otherwise, both as to action in
Indemnitee's official capacity and as to action in another capacity while
holding such office. The indemnification provided under this Agreement shall
continue as to Indemnitee for any action taken or not taken while serving in an
indemnified capacity even though he may have ceased to serve in such capacity at
the time of any action or other covered proceeding.

        5. Partial Indemnification. If Indemnitee is entitled under any
provision of this Agreement to indemnification by the Company for some or a
portion of the expenses, judgments, fines, penalties or amounts paid in
settlement actually or reasonably incurred by him in the investigation, defense,
appeal or settlement of any civil or criminal action or proceeding, but not,
however, for the total amount thereof, the Company shall nevertheless indemnify
Indemnitee for the portion of such expenses, judgments, fines or penalties to
which Indemnitee is entitled.

        6. Mutual Acknowledgement. Both the Company and Indemnitee acknowledge
that in certain instances, Federal law or applicable public policy may prohibit
the Company from

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indemnifying its directors and officers under this Agreement or otherwise.
Indemnitee understands and acknowledges that the Company has undertaken or may
be required in the future to undertake with the Securities and Exchange
Commission to submit the question of indemnification to a court in certain
circumstances for a determination of the Company's right under public policy to
indemnify Indemnitee.

        7. Directors' and Officers' Liability Insurance. The Company shall, from
time to time, make a good faith determination whether or not it is practicable
for the Company to obtain and maintain a policy or policies of insurance with
reputable insurance companies providing the officers and directors of the
Company with coverage for losses from wrongful acts, or to ensure the Company's
performance of its indemnification obligations under this Agreement. Among other
considerations, the Company will weigh the costs of obtaining such insurance
coverage against the protection afforded by such coverage. In all policies of
directors' and officers' liability insurance, Indemnitee shall be named as an
insured in such a manner as to provide Indemnitee the same rights and benefits
as are accorded to the most favorably insured of the Company's directors, if
Indemnitee is a director; or of the Company's officers, if Indemnitee is not a
director of the Company but is an officer; or of the Company's key employees, if
Indemnitee is not an officer or director but is a key employee. Notwithstanding
the foregoing, the Company shall have no obligation to obtain or maintain such
insurance if the Company determines in good faith that such insurance is not
reasonably available, if the premium costs for such insurance are
disproportionate to the amount of coverage provided, if the coverage provided by
such insurance is limited by exclusions so as to provide an insufficient
benefit, or if Indemnitee is covered by similar insurance maintained by a
subsidiary or parent of the Company.

        8. Severability. Nothing in this Agreement is intended to require or
shall be construed as requiring the Company to do or fail to do any act in
violation of applicable law. The Company's inability, pursuant to court order,
to perform its obligations under this Agreement shall not constitute a breach of
this Agreement. The provisions of this Agreement shall be severable as provided
in this Section 8. If this Agreement or any portion hereof shall be invalidated
on any ground by any court of competent jurisdiction, then the Company shall
nevertheless indemnify Indemnitee to the full extent permitted by any applicable
portion of this Agreement that shall not have been invalidated, and the balance
of this Agreement not so invalidated shall be enforceable in accordance with its
terms.

        9. Exceptions. Any other provision herein to the contrary
notwithstanding, the Company shall not be obligated pursuant to the terms of
this Agreement:

               (a) Excluded Acts. To indemnify Indemnitee for any acts or
omissions or transactions from which a director may not be indemnified under the
Delaware General Corporation Law; or

               (b) Claims Initiated by Indemnitee. To indemnify or advance
expenses to Indemnitee with respect to proceedings or claims initiated or
brought voluntarily by Indemnitee and not by way of defense, except with respect
to proceedings brought to establish or enforce a right to indemnification under
this Agreement or any other statute or law or otherwise as required under
Section 145 of the Delaware General Corporation Law, but such indemnification or
advancement of

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expenses may be provided by the Company in specific cases if the Board of
Directors has approved the initiation or bringing of such claim; or

               (c) Lack of Good Faith. To indemnify Indemnitee for any expenses
incurred by the Indemnitee with respect to any proceeding instituted by
Indemnitee to enforce or interpret this Agreement, if a court of competent
jurisdiction or the arbitration panel determines that each of the material
assertions made by the Indemnitee in such proceeding was not made in good faith
or was frivolous; or

               (d) Insured Claims. To indemnify Indemnitee for expenses or
liabilities of any type whatsoever (including, but not limited to, judgments,
fines, ERISA excise taxes or penalties, and amounts paid in settlement) which
have been paid directly to Indemnitee by an insurance carrier under a policy of
directors' and officers' liability insurance maintained by the Company; or

               (e) Claims Under Section 16(b). To indemnify Indemnitee for
expenses and the payment of profits arising from the purchase and sale by
Indemnitee of securities in violation of Section 16(b) of the Securities
Exchange Act of 1934, as amended, or any similar successor statute.

        10. Effectiveness of Agreement. To the extent that the indemnification
permitted under the terms of certain provisions of this Agreement exceeds the
scope of the indemnification provided for in the Delaware General Corporation
Law, such provisions shall not be effective unless and until the Company's
Certificate of Incorporation authorizes such additional rights of
indemnification. In all other respects, the balance of this Agreement shall be
effective as of the date set forth on the first page and may apply to acts or
omissions of Indemnitee which occurred prior to such date if Indemnitee was an
officer, director, employee or other agent of the Company, or was serving at the
request of the Company as a director, officer, employee or agent of another
corporation, partnership, joint venture, trust or other enterprise, at the time
such act or omission occurred.

        11. Construction of Certain Phrases.

               (a) For purposes of this Agreement, references to the "Company"
shall include, in addition to the resulting corporation, any constituent
corporation (including any constituent of a constituent) absorbed in a
consolidation or merger which, if its separate existence had continued, would
have had power and authority to indemnify its directors, officers, employees or
agents, so that if Indemnitee is or was a director, officer, employee or agent
of such constituent corporation, or is or was serving at the request of such
constituent corporation as a director, officer, employee or agent of another
corporation, partnership, joint venture, trust or other enterprise, Indemnitee
shall stand in the same position under the provisions of this Agreement with
respect to the resulting or surviving corporation as Indemnitee would have with
respect to such constituent corporation if its separate existence had continued.

               (b) For purposes of this Agreement, references to "other
enterprises" shall include employee benefit plans; references to "fines" shall
include any excise taxes assessed on Indemnitee with respect to an employee
benefit plan; and references to "serving at the request of the Company" shall
include any service as a director, officer, employee or agent of the Company
which imposes

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duties on, or involves services by, such director, officer, employee or agent
with respect to an employee benefit plan, its participants, or beneficiaries.

        12. Counterparts. This Agreement may be executed in one or more
counterparts, each of which shall constitute an original.

        13. Successors and Assigns. This Agreement shall be binding upon the
Company and its successors and assigns, and shall inure to the benefit of
Indemnitee and Indemnitee's estate, heirs, legal representatives and assigns.

        14. Arbitration. It is understood and agreed that the Company and
Indemnitee shall carry out this Agreement in the spirit of mutual cooperation
and good faith and that any differences, disputes or controversies shall be
resolved and settled amicably among the parties hereto. In the event that the
dispute, controversy or difference is not so settled in the above manner within
forty-five (45) days, then the matter shall be exclusively submitted to
arbitration in Santa Clara County, California before three independent
technically qualified arbitrators in accordance with the Commercial Arbitration
Rules of the American Arbitration Association and under the laws of Delaware,
without reference to conflict of laws principles. Subject to Sections 1(b) and
6, arbitration shall be the exclusive forum and the decision and award by the
arbitrator(s) shall be final and binding upon the parties concerned and may be
entered in any state court of California having jurisdiction.

        15. Attorneys' Fees. In the event that any action is instituted or claim
is submitted to arbitration by Indemnitee under this Agreement to enforce or
interpret any of the terms hereof, Indemnitee shall be entitled to be paid all
court costs and expenses, including reasonable attorneys' fees, incurred by
Indemnitee with respect to such action or arbitration, unless as a part of such
action, a court of competent jurisdiction or the arbitrator(s) determines that
each of the material assertions made by Indemnitee as a basis for such claim
were not made in good faith or were frivolous. In the event of an action
instituted or a claim submitted to arbitration by or in the name of the Company
under this Agreement or to enforce or interpret any of the terms of this
Agreement, Indemnitee shall be entitled to be paid all court costs and expenses,
including attorneys' fees, incurred by Indemnitee in defense of such action or
claim (including with respect to Indemnitee's counterclaims and cross-claims
made in such action or arbitration), unless as a part of such action the court
or the arbitrator(s) determines that each of Indemnitee's material defenses to
such action or claim were made in bad faith or were frivolous.

        16. Notice. All notices, requests, demands and other communications
under this Agreement shall be in writing and shall be deemed duly given (i) if
delivered by hand and receipted for by the party addressee, on the date of such
receipt, or (ii) if mailed by domestic certified or registered mail with postage
prepaid, on the third business day after the date postmarked. Addresses for
notice to either party are as shown on the signature page of this Agreement, or
as subsequently modified by written notice.

        17. Consent to Jurisdiction. The Company and Indemnitee each hereby
irrevocably consent to the jurisdiction of the courts of the State of California
for all purposes in connection with any proceeding which arises out of or
relates to this Agreement and agree that any action instituted

                                      -7-
<PAGE>   8
under this Agreement shall be brought only in the state courts of the State of
California in Santa Clara County and that any arbitration proceeding which
arises out of or relates to this Agreement shall be held in Santa Clara County,
California.

        18. Choice of Law. This Agreement shall be governed by and its
provisions construed in accordance with the laws of the State of Delaware as
applied to contracts between Delaware residents entered into and performed
entirely within Delaware.

        19. Subrogation. In the event of payment under this Agreement, the
Company shall be subrogated to the extent of such payment to all of the rights
of recovery of Indemnitee, who shall execute all documents required and shall do
all acts that may be necessary to secure such rights and to enable the
corporation effectively to bring suit to enforce such rights.

        20. Continuation of Indemnification. All agreements and obligations of
the Company contained herein shall continue during the period that Indemnitee is
a director, officer or agent of the Company and shall continue thereafter so
long as Indemnitee shall be subject to any possible claim or threatened, pending
or completed action, suit or proceeding, whether civil, criminal, arbitrational,
administrative or investigative, by reason of the fact that Indemnitee was
serving in the capacity referred to herein.

        21. Amendment and Termination. Subject to Section 20, no amendment,
modification, termination or cancellation of this Agreement shall be effective
unless in writing signed by both parties hereto.

        22. Integration and Entire Agreement. This Agreement (a) sets forth the
entire understanding between the parties, (b) supersedes all previous written or
oral negotiations, commitments, understandings and agreements relating to the
subject matter hereof and (c) merges all prior and contemporaneous discussions
between the parties.

                                      -8-
<PAGE>   9
        IN WITNESS WHEREOF, the parties hereto have executed this Agreement as
of the date first above written.

                                       NETGEAR, INC.

                                       By:
                                          --------------------------------------
                                       Title:
                                             -----------------------------------
                                       Address:

                                       4401 Great America Parkway
                                       P.O. Box 58185
                                       Santa Clara, CA  95052

                                       AGREED TO AND ACCEPTED:

                                       INDEMNITEE:

                                       ------------------------------
                                       Signature

                                       ------------------------------

                                       Print Name

                                       ------------------------------

                                       ------------------------------

                                       Address

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