Document:

Change of Control and Severance Agreement

 Exhibit 10.5 

INPHI CORPORATION 

CHANGE OF CONTROL SEVERANCE AGREEMENT 

This Change of Control Severance Agreement (this “Agreement”) is made and entered into effective as of June 8, 2010 (the
“Effective Date”), by and between Young Sohn (“Executive”) and Inphi Corporation, a Delaware corporation (the “Company”). Certain capitalized terms used in this Agreement are defined in Section 1 below.

 RECITALS 

A. It is expected that the Company from time to time will consider the possibility of a Change of Control. The Board of
Directors of the Company (the “Board”) recognizes that such consideration can be a distraction to Executive and can cause Executive to consider alternative employment opportunities. 

B. The Board believes that it is in the best interests of the Company and its shareholders to provide Executive with an incentive to
continue his employment and to maximize the value of the Company upon a Change of Control for the benefit of its shareholders. 

C. In recognition of Executive’s service with the Company during which time Executive’s leadership has been fundamental to
the Company’s development and in order to provide Executive with enhanced financial security and sufficient encouragement to remain with the Company notwithstanding the possibility of a Change of Control, the Board believes that it is
imperative to provide Executive with certain severance and other benefits upon Executive’s termination of employment in connection with a Change of Control. 

AGREEMENT 

In consideration of the mutual covenants herein contained and the continued employment of Executive by the Company, the parties agree as
follows: 
 1. Definition of Terms. The following terms referred to in this Agreement shall have the following
meanings: 
 (a) Cause. “Cause” shall mean (i) commission of a felony, an act involving moral
turpitude, or an act constituting common law fraud, and which has a material adverse effect on the business or affairs of the Company or its affiliates or stockholders; (ii) intentional or willful misconduct or refusal to follow the lawful
instructions of the Board that is not cured within thirty (30) days following written notice from the Board; or (iii) intentional breach of Company confidential information obligations which has an adverse effect on the Company or its
affiliates or stockholders. For these purposes, no act or failure to act shall be considered “intentional or willful” unless it is done, or omitted to be done, in bad faith without a reasonable belief that the action or omission is in
the best interests of the Company. 

 (b) Change of Control. “Change of Control” shall mean the
occurrence of any of the following events: 
 (i) the approval by the shareholders of the Company of a plan of complete
liquidation or dissolution of the Company or the closing of a sale or disposition by the Company of all or substantially all of the Company’s assets, other than a sale or disposition to a subsidiary of the Company or to an entity, the voting
securities of which are owned by the stockholders of the Company in substantially the same proportions as their ownership of the Company’s voting securities immediately prior to such sale or disposition; 

(ii) a merger or consolidation of the Company with any other corporation, other than a merger or consolidation which would result in
the voting securities of the Company outstanding immediately prior thereto continuing to represent directly or indirectly (either by remaining outstanding or by being converted into voting securities of the surviving entity) more than fifty percent
(50%) of the total voting power represented by the voting securities of the Company or such surviving entity outstanding immediately after such merger or consolidation; 

(iii) any “person” (as such term is used in Sections 13(d) and 14(d) of the Securities Exchange Act of
1934, as amended) becoming the “beneficial owner” (as defined in Rule 13d-3 under said Act), directly or indirectly, of securities of the Company representing fifty percent (50%) or more of the total voting power represented by
the Company’s then outstanding voting securities; or 
 (iv) a change in the composition of the Board, as a result of
which fewer than a majority of the directors are Incumbent Directors. “Incumbent Directors” shall mean directors who either (A) are directors of the Company as of the date hereof or (B) are elected, or nominated for
election, to the Board with the affirmative votes of at least a majority of those directors whose election or nomination was not in connection with any transactions described in subsections (i), (ii) or (iii), or in connection with an actual or
threatened proxy contest relating to the election of directors of the Company. 
 Notwithstanding the foregoing, the term
“Change of Control” shall not be deemed to have occurred if the Company files for bankruptcy protection, or if a petition for involuntary relief is filed against the Company. 

(c) Involuntary Termination. “Involuntary Termination” shall mean: 

(i) without Executive’s express written consent, a material reduction in Executive’s title, authority, duties or
responsibilities relative to Executive’s title, authority, duties or responsibilities in effect immediately prior to the Change of Control or a material reduction in the title, authority, duties, or responsibilities of the supervisor to whom
the service provider is required to report relative to the supervisor’s title, authority, duties or responsibilities in effect immediately prior to the Change of Control; 

 

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 (ii) without Executive’s express written consent, a reduction by the Company of
Executive’s base compensation of more than ten percent (10%) as in effect immediately prior to the Change of Control, unless such reduction in base compensation is part of a general reduction in compensation applicable to senior executives
of the Company; 
 (iii) without Executive’s express written consent, the relocation of Executive’s principal
place of employment to a facility or a location more than fifty (50) miles from its location immediately prior to the Change of Control; 

(iv) any termination of Executive by the Company which is not effected for Cause; or 

(v) the failure of the Company to obtain the assumption of this Agreement or any other agreement between the Company and Executive
by any successors contemplated in Section 7 below. 
 A termination shall not be considered an “Involuntary
Termination” unless Executive provides notice to the Company of the existence of the condition described in subsections (i), (ii), (iii) or (v) above within ninety (90) days of the initial existence of such condition, the Company
fails to remedy the condition within thirty (30) days following the receipt of such notice, and Executive terminates employment within one-hundred eighty (180) days following the initial existence of such condition. A termination due to
death or disability shall not be considered an Involuntary Termination. 
 (d) Termination
Date. “Termination Date” shall mean Executive’s “separation from service” within the meaning of that term under Section 409A of the Internal Revenue Code of 1986, as amended (the “Code”). 

2. Term of Agreement. This Agreement shall terminate upon the date that all obligations of the parties hereto under this
Agreement have been satisfied. 
 3. At-Will Employment. The Company and Executive acknowledge that
Executive’s employment is and shall continue to be at-will, as defined under applicable law. 
  

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 4. Severance Benefits. 

(a) Involuntary Termination in Connection with a Change of Control. If Executive’s employment with the Company
terminates as a result of an Involuntary Termination on or at any time within twelve months (12) months after a Change of Control, and Executive signs and does not revoke a standard release of claims with the Company in a form acceptable to the
Company (the “Release”) within fifty (50) days following the Termination Date (or such shorter period as the Company may require), then Executive shall be entitled to the following severance benefits: 

(i) 200% of the sum of Executive’s annual base salary plus annual target bonus as in effect on the
Termination Date, payable in a lump sum on the date on which the Release becomes irrevocable (provided, however, that if any portion of such amount is subject to Section 409A of the Code as nonqualified deferred compensation, then payment shall
be made on the sixtieth (60th) day following the
Termination Date, subject to Section 6 below); 
 (ii) any earned but unpaid annual bonus for any annual bonus period
which had ended prior to the Termination Date, which amount shall be paid at such time as annual bonuses are paid to other senior executives of the Company; 

(iii) acceleration of the vesting and exercisability of 100% of Executive’s options, stock appreciation rights, restricted
shares and stock units with respect to the Company or its successor, or the parent of either, to the extent outstanding, or of any deferred compensation into which Executive’s stock options, stock appreciation rights, restricted shares or stock
units were converted upon the Change of Control; and 
 (iv) if Executive so elects and pays to continue health insurance
under Consolidated Omnibus Budget Reconciliation Act of 1985, as amended, or corresponding provision of state law (“COBRA”), then starting the next calendar month after the Termination Date, Executive will be reimbursed on a
monthly basis in an amount equal to the monthly amount the Company was paying as the employer-portion of premium contributions for health coverage for Executive and Executive’s eligible dependents immediately before the Termination Date, until
the earlier of: (i) the end of the 24-month period following Termination Date or (ii) the date Executive or Executive’s eligible dependents lose eligibility for COBRA continuation coverage. The period of such employer-reimbursed COBRA
continuation coverage shall be considered part of Executive’s (and Executive’s eligible dependents’) COBRA coverage entitlement period. Executive will be solely responsible for timely electing such continuation coverage for Executive
and Executive’s eligible dependents. Any increase in the premium contribution and/or in the number of covered dependents by Executive during the period that Executive continues in the Company’s health insurance benefit plans or receives
company-paid reimbursement of COBRA premiums will be at Executive’s own expense. 
 (b) Termination Apart from a
Change of Control. If Executive’s employment with the Company terminates other than as a result of an Involuntary Termination on or within twelve (12) months after a Change of Control then Executive shall not be entitled to
receive severance or other benefits hereunder. 
  

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 (c) Accrued Wages and Vacation; Expenses. Without regard to the reason for,
or the timing of, Executive’s termination of employment: (i) the Company shall pay Executive any unpaid wages due for periods prior to the Termination Date; (ii) the Company shall pay Executive all of Executive’s accrued and
unused vacation through the Termination Date; and (iii) following submission of proper expense reports by Executive, the Company shall reimburse Executive for all expenses reasonably and necessarily incurred by Executive in connection with the
business of the Company prior to the Termination Date. These payments shall be made promptly upon termination and within the period of time mandated by law. 

5. Limitation on Payments. In the event that the severance and other benefits provided for in this Agreement or
otherwise payable to Executive (i) constitute “parachute payments” within the meaning of Section 280G of the Code and (ii) would be subject to the excise tax imposed by Section 4999 of the Code (the “Excise
Tax”), then Executive’s benefits under this Agreement shall be either: 
 (a) delivered in full or 

(b) delivered as to such lesser extent which would result in no portion of such benefits being subject to the Excise Tax,

 whichever of the foregoing amounts, taking into account the applicable federal, state and local income taxes and the Excise Tax, results in
the receipt by Executive on an after-tax basis, of the greatest amount of benefits, notwithstanding that all or some portion of such benefits may be taxable under Section 4999 of the Code. 

Unless the Company and Executive otherwise agree in writing, any determination required under this Section 5 shall be made in
writing by the Company’s independent public accountants (the “Accountants”), whose determination shall be conclusive and binding upon Executive and the Company for all purposes. For purposes of making the calculations required by
this Section 5, the Accountants may make reasonable assumptions and approximations concerning applicable taxes and may rely on reasonable, good faith interpretations concerning the application of Sections 280G and 4999 of the
Code. The Company and Executive shall furnish to the Accountants such information and documents as the Accountants may reasonably request in order to make a determination under this Section 5. The Company shall bear all costs the
Accountants may reasonably incur in connection with any calculations contemplated by this Section 5. In the event that a reduction is required, the reduction shall be applied first to any benefits that are not subject to Section 409A of
the Code, and then shall be applied to benefits (if any) that are subject to Section 409A of the Code, with the benefits payable latest in time subject to reduction first. 

6. Section 409A; Delayed Commencement of Benefits. Notwithstanding any provision to the contrary in this Agreement, no cash
severance and no Company-paid health care coverage to which Executive otherwise becomes entitled under this Agreement shall be made or provided to Executive prior to the earlier of (i) the expiration of the six (6)-month period measured from
the Termination Date or (ii) the date of Executive’s death, if Executive is deemed on the Termination Date to be a “specified 
  

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employee” within the meaning of that term under Code Section 409A and such delayed commencement is otherwise required in order to avoid a prohibited distribution under Code
Section 409A(a)(2). Upon the expiration of the applicable Code Section 409A(a)(2) deferral period, all payments and benefits deferred pursuant to this Section 6 (whether they would have otherwise been payable in a single sum or in
installments in the absence of such deferral) shall be paid or reimbursed to Executive in a lump sum, and any remaining payments and benefits due under this Agreement shall be paid or provided in accordance with the normal payment dates specified
for them herein. Executive shall be entitled to interest on the deferred benefits and payments for the period the commencement of those benefits and payments is delayed by reason of Code Section 409A(a)(2), with such interest to accrue at the
prime rate in effect from time to time during that period and to be paid in a lump sum upon the expiration of the deferral period. Each installment payment under Section 4 shall be considered a separate payment for purposes of Code
Section 409A. 
 7. Successors. 

(a) Company’s Successors. Any successor to the Company (whether direct or indirect and whether by purchase, lease,
merger, consolidation, liquidation or otherwise) to all or substantially all of the Company’s business and/or assets shall assume the Company’s obligations under this Agreement and agree expressly to perform the Company’s obligations
under this Agreement in the same manner and to the same extent as the Company would be required to perform such obligations in the absence of a succession. For all purposes under this Agreement, the term “Company” shall include any
successor to the Company’s business and/or assets which executes and delivers the assumption agreement described in this subsection (a) or which becomes bound by the terms of this Agreement by operation of law. 

(b) Executive’s Successors. Without the written consent of the Company, Executive shall not assign or transfer this
Agreement or any right or obligation under this Agreement to any other person or entity. Notwithstanding the foregoing, the terms of this Agreement and all rights of Executive hereunder shall inure to the benefit of, and be enforceable by,
Executive’s personal or legal representatives, executors, administrators, successors, heirs, distributees, devisees and legatees. 

8. Notices. 

(a) General. Notices and all other communications contemplated by this Agreement shall be in writing and shall be deemed
to have been duly given when personally delivered or when mailed by U.S. registered or certified mail, return receipt requested and postage prepaid. In the case of Executive, mailed notices shall be addressed to him at the home address which he
most recently communicated to the Company in writing. In the case of the Company, mailed notices shall be addressed to its corporate headquarters, and all notices shall be directed to the attention of its Secretary. 

 

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 (b) Notice of Termination. Any termination by the Company for Cause or by
Executive as a result of an Involuntary Termination shall be communicated by a notice of termination to the other party hereto given in accordance with this Section 8. Such notice shall indicate the specific termination provision in this
Agreement relied upon, shall set forth in reasonable detail the facts and circumstances claimed to provide a basis for termination under the provision so indicated, and shall specify the Termination Date (which shall be not more than thirty
(30) days after the giving of such notice). The failure by Executive to include in the notice any fact or circumstance which contributes to a showing of Involuntary Termination shall not waive any right of Executive hereunder or preclude
Executive from asserting such fact or circumstance in enforcing his rights hereunder, subject to the requirements of Section 1(c). 

9. Arbitration. 

Any controversy involving the construction or application of any terms, covenants or conditions of this Agreement, or any claims arising
out of any alleged breach of this Agreement, will be governed by the rules of the American Arbitration Association and submitted to and settled by final and binding arbitration in Santa Clara County, California, except that any alleged breach
of Executive’s confidential information obligations shall not be submitted to arbitration and instead the Company may seek all legal and equitable remedies, including without limitation, injunctive relief. 

10. Miscellaneous Provisions. 

(a) No Duty to Mitigate. Executive shall not be required to mitigate the amount of any payment contemplated by this
Agreement, nor shall any such payment be reduced by any earnings that Executive may receive from any other source. 

(b) Waiver. No provision of this Agreement may be modified, waived or discharged unless the modification, waiver or
discharge is agreed to in writing and signed by Executive and by an authorized officer of the Company (other than Executive). No waiver by either party of any breach of, or of compliance with, any condition or provision of this Agreement by the
other party shall be considered a waiver of any other condition or provision or of the same condition or provision at another time. 

(c) Integration. This Agreement represents the entire agreement and understanding between the parties with respect to
the payment of severance or other benefits if Executive’s employment with the Company terminates as a result of an Involuntary Termination on or within twelve (12) months following a Change of Control, and supersedes that certain Addendum
to Stock Issuance Agreement between Executive and the Company referenced in Executive’s Offer of Employment dated as of July 14, 2007. 

(d) Choice of Law. The validity, interpretation, construction and performance of this Agreement shall be governed by the
internal substantive laws, but not the conflicts of law rules, of the State of California. 
  

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 (e) Severability. The invalidity or unenforceability of any provision or
provisions of this Agreement shall not affect the validity or enforceability of any other provision hereof, which shall remain in full force and effect. 

(f) Employment Taxes. All payments made pursuant to this Agreement shall be subject to withholding of applicable income and
employment taxes. 
 (g) Counterparts. This Agreement may be executed in counterparts, each of which shall be
deemed an original, but all of which together will constitute one and the same instrument. 
 * * * 

[Remainder of this page intentionally left blank.] 

 

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 IN WITNESS WHEREOF, each of the parties has executed this Agreement, in the case of the
Company by its duly authorized officer, as of the day and year first above written. 
  

							
	COMPANY:	 		 	INPHI CORPORATION
		 		 	
		 		 	By:	 	 /s/ Diosdado Banatao

		 		 	Name:	 	Diosdado Banatao
		 		 	Title:	 	Chairman of the Board
		 		 		 	
	EXECUTIVE:	 		 		 	
		 		 	
		 		 	 /s/ Young Sohn

		 		 	Signature
		 		 	
		 		 	 Young Sohn

		 		 	Printed NameOffer letter dated December 10, 2007

 Exhibit 10.6 

 

 

 December 10, 2007 

Mr. John Edmunds 
 Re: Offer
of Employment 
 Dear John, 

On behalf of Inphi Corporation (“Inphi” or the “Company”), we are pleased to offer you full-time employment as CFO in our Westlake
Village and Sunnyvale, CA facilities reporting to the CEO, subject to the following terms and conditions. 
 Cash Compensation/Benefits

 Your starting base salary annualized will be $250,000 per year paid on a bi-monthly payroll schedule 

In addition, you will be eligible for Inphi standard benefits including health, dental, vision, life insurance, vacation and sick leave with an optional
401(k) plan. 
 Commuting Allowance and Relocation 

Inphi will provide housing and commuting allowance of $2,000.00 per month. Should you or the company decide that relocation to Westlake Village is
required to effectively perform in your role, you will receive a relocation allowance not to exceed $25,000 upon relocation. 
 Equity

 Contingent on approval by the Company’s Board of Directors, you will receive an incentive stock option package consisting of
options to purchase shares of the Company’s Common Stock equivalent to 0.9% of common shares subject to Board of Directors approval. The grant date and option price will be established on the date the Board of Directors
grants the options to you pursuant to the Company’s Stock Option/Stock Issuance Plan (the “Plan”). Provided you 

 

 Inphi Corporation 2393 Townsgate Road, #101 Westlake Village, CA (v) 805.446.5100
(f) 805.446.5191 

 
remain in the service of the Company (as defined in the Plan), the option will vest four year period with one-fourth (25%) of the shares vesting on the date that is one year after the
commencement of your service as an employee of the Company and the remaining shares vesting in a series of 36 equal monthly installments upon your completion of each month of service thereafter. Any shares purchased pursuant to the option will be
subject to a right of first refusal in favor of the Company, and any shares that you decide to purchase before you become vested in the underlying option shall be subject to repurchase by the Company if your employment with the company terminates.
All of the terms discussed above are described in, and your option shall be governed by the provisions of, the Stock Option/Stock Issuance Plan and the related documentation that you will receive. 

Subject to the approval of the Board of Directors, 50% of your unvested shares will be accelerated following your termination after a corporate
transaction in a form substantially similar to the form attached to this letter. 
 “At Will” Employment 

Employment with the Company is “at-will”. This means that it is not for any specified period of time and can be terminated by you or by the
Company at any time, with or without advance notice, and for any or no particular reason or cause. It also means that your job duties, title and responsibility and reporting level, compensation and benefits, as well as the Company’s personnel
policies and procedures, may be changed with or without notice at any time in the sole discretion of the Company. This “at-will” nature of your employment shall remain unchanged during your tenure as an employee and may not be changed,
except in an express writing signed by you and by the Company’s Chairman of the Board of Directors. 
 Full-time Services to The
Company 
 The Company requires that, as a full-time employee, you devote your full business time, attention, skills and efforts to the
tasks and duties of your position as assigned by the Company. 
 Confidential Information 

Inphi was formed on the principles of working hard, doing things the right way and treating each project and customer as the top priority. We expect the
highest quality and level of personal commitment from each employee. We are hiring people with the right skills and qualifications, not based upon any specific knowledge you may have obtained about potential products, clients or industries. For that
reason, if you signed a confidentiality agreement with a previous employer, you should read it and honor it. Inphi does not permit the use of trade secret information belonging to others or the violation of any agreements to keep information
confidential. You must also sign a confidentiality and proprietary information agreement at the start of your employment with Inphi. 
  

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 Conditions 

This offer, and any employment pursuant to this offer, is conditioned upon the following: 

 

	•	 	 As required by law, your ability to provide satisfactory documentary proof of your identity and right to work in the United States of America no later
than the third day after you commence working for the Company. 

  

	•	 	 Your signed agreement to, and ongoing compliance with, the terms of the enclosed Proprietary Information and Inventions Agreement without
modification. 

  

	•	 	 Your return of the enclosed copy of this letter, after being signed by you without modification, to the undersigned no later than December 21,
2007, after which time offer will expire. By signing and accepting this offer, you represent and warrant that you are not subject to any pre-existing contractual or other legal obligation with any person, company or business enterprise which may
be an impediment to your employment with, or your providing services to, the Company, as its employee. If you accept employment, you may not either bring onto Company premises or use in any manner any confidential or proprietary information
developed, used or disclosed to you while you were employed by some other company or entity. 

 Entire Agreement

 If you accept this offer, this letter and the written agreements referenced in this letter shall constitute the complete agreement
between you and the Company with respect to the initial terms and conditions of your employment. Any representations not contained in this letter, or contrary to those contained in this letter (whether written or oral), that may have been made to
you are expressly cancelled and superceded by this offer. Except as otherwise specified in this letter, the terms and conditions of your employment pursuant to this letter may not be changed, except by a writing issued by Human Resources.

 We look forward to you accepting this offer and a mutually rewarding relationship. As with all-important decisions, you should make a
decision concerning this offer based on your own independent investigation and judgment concerning the Company and its future prospects. 
 If
you accept this offer, please date and sign below, on the enclosed copy of this letter and return it to me no later than December 21, 2007. You will be provided with an original copy for you to retain in your records. You should bring
your INS Form 1-9 required identification, and proof of authorization to work with you on your first day of employment. 
 Your starting date
will be on or before January 14, 2008 per our discussions. 
  

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 If you have any questions regarding this offer letter, please feel free to me directly at 805-807-8199.

 Sincerely, 
 Young Sohn 

CEO, Inphi Corporation 
 I accept the above
offer, and request to begin employment on or prior to January 14, 2008 per our discussion. 
  

			
	Dated: December 10, 2007	 	 /s/ John Edwards

		 	Signature

  

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 ADDENDUM 

TO 

STOCK ISSUANCE AGREEMENT 

The following provisions are hereby incorporated into, and are hereby made a part of, that certain Stock Issuance Agreement (the
“Issuance Agreement”) by and between INPHI Corporation (the “Corporation”) and John Edmunds (“Participant”) evidencing the shares of Common Stock purchased on this date by Participant under the Corporation’s 2000
Stock Option/Stock Issuance Plan, and such provisions shall be effective immediately. All capitalized terms in this Addendum, to the extent not otherwise defined herein, shall have the meanings assigned to such terms in the Issuance Agreement.

 INVOLUNTARY TERMINATION FOLLOWING 

CORPORATE TRANSACTION 

1. To the extent the Repurchase Right is assigned to the successor corporation (or parent thereof) in connection with a Corporate
Transaction, no accelerated vesting of the Purchased Shares shall occur upon such Corporate Transaction, and the Repurchase Right shall continue to remain in full force and effect in accordance with the provisions of the Issuance Agreement.
Participant shall, over his or her period of Service following the Corporate Transaction, continue to vest in the Purchased Shares in one or more installments in accordance with the provisions of the Issuance Agreement. However, upon an Involuntary
Termination of Participant’s Service within eighteen (18) months following the Corporate Transaction, the Repurchase Right shall terminate automatically, and all the Purchased Shares shall immediately vest in full at that time. Any
unvested escrow account maintained on Participant’s behalf pursuant to Paragraph D.5 of the Issuance Agreement shall also vest at the time of such Involuntary Termination and shall be paid to Participant promptly thereafter. 

2. For purposes of this Addendum, the following definitions shall be in effect: 

An Involuntary Termination shall mean the termination of Participant’s Service by reason of: 

(a) Participant’s involuntary dismissal or discharge by the Corporation for reasons other than for Misconduct, or

 (b) Participant’s voluntary resignation following (A) a change in
his or her position with the Corporation (or Parent or Subsidiary employing Participant) which materially reduces his or her duties and responsibilities or the level of management to which he or she reports, (B) a reduction in
Participant’s level of compensation (including base salary, fringe benefits and target bonus under any corporate-performance based incentive programs) by more than fifteen percent (15%) or (C) a relocation of Participant’s place
of employment by more than fifty (50) miles, provided and only if such change, reduction or relocation is effected by the Corporation without Participant’s consent. 

Misconduct shall mean the termination of Participant’s Service by reason or Participant’s commission of any act of
fraud, embezzlement or dishonesty, any unauthorized use or disclosure by Participant of confidential information or trade secrets of the Corporation (or any Parent or Subsidiary), or any other intentional misconduct by Participant adversely
affecting the business or affairs of the Corporation (or any Parent or Subsidiary) in a material manner. The foregoing definition shall not be deemed to be inclusive of all the acts or omissions which the Corporation (or any Parent or Subsidiary)
may consider as grounds for the dismissal or discharge of the Participant or any other individual in the Service of the Corporation (or any Parent or Subsidiary). 

IN WITNESS WHEREOF, INPHI Corporation has caused this Addendum to be executed by its duly-authorized officer as of the Effective
Date specified below. 
  

			
	INPHI CORPORATION
		
	 By:
	 	  

		
	 Title:
	 	  

EFFECTIVE DATE:
                    ,          

 

 2. 

 

 

 June 7, 2010 

Mr. John Edmunds 
 Re:
Clarification to Offer Letter 
 Dear John, 

This letter will serve to clarify that, effective as of your first day of employment with Inphi Corporation, the payments provided to you under
“Commuting Allowance and Relocation” in your offer letter dated December 10, 2007 are solely for the reimbursement of expenses incurred by you in connection with commuting between Inphi’s Westlake Village and Sunnyvale, CA
facilities. 
 If you have any questions, please feel free to contact me directly. 

Sincerely, 
  

	
	 /s/ Young Sohn

	Young Sohn
	CEO, Inphi Corporation

 I acknowledge the above
clarification to my offer letter dated December 10, 2007. 
  

							
	 Dated: June 7, 2010
	 		 		 	 /s/ John Edmunds

		 		 		 	Signature

  

					
	lnphi Corporation 2393 Townsgate Road, #101 Westlake Village, CA (v) 805.446.5100 (f) 805.446.5191

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