Document:

2001 Employee Stock Purchase Loan Plan

 Exhibit 10.19 
 GENESIS MICROCHIP INC. 
  
 2001 EMPLOYEE STOCK PURCHASE LOAN PLAN 
  
 The
following constitute the provisions of the 2001 Employee Stock Purchase Loan Plan of Genesis Microchip Inc. 
  
 1.    Purpose.    The purpose of the Plan is to provide employees of the Company and its Designated Subsidiaries with an opportunity to loan money from the Company to
purchase Shares of the Company under eligible stock purchase or stock option plans or stock option agreements. 
  
 2.    Definitions. 
  

	 	(a)	 	“Board” shall mean the board of directors of the Company. 

  

	 	(b)	 	“Company” shall mean Genesis Microchip Inc. and any Designated Subsidiary of the Company. 

  

	 	(c)	 	“Designated Subsidiary” shall mean any Subsidiary which has been designated by the Board (or a committee of the Board) from time to time in its sole discretion as
eligible to participate in the Plan. 

  

	 	(d)	 	“Employee” shall mean any individual who is an employee of the Company for tax purposes whose customary employment with the Company is at least twenty (20) hours
per week and more than five months in any calendar year. For purposes of the Plan, the employment relationship shall be treated as continuing intact while the individual is on sick leave or other leave of absence approved by the Company. Where the
period of leave exceeds 90 days and the individual’s right to reemployment is not guaranteed either by statute or by contract, the employment relationship shall be deemed to have terminated on the 91st day of such leave.

  

	 	(e)	 	“Enrollment Date” shall mean the day on which an Employee completes and files a subscription agreement in accordance with Section 5(b). 

  

	 	(f)	 	“Loan” shall mean a loan of funds by the Company to an Employee under the Plan. 

  

	 	(g)	 	“Payroll Deductions” shall mean payroll deductions from time to time from an Employee’s paycheque pursuant to a Stock Plan. 

  

	 	(h)	 	“Payroll Deductions Loan” shall mean a Loan regarding Payroll Deductions which is referred to in Section 5(a). 

  

	 	(i)	 	“Plan” shall mean this Employee Stock Purchase Loan Plan. 

	 	(j)	 	“Share Purchase Loan” shall mean a Loan to fund the acquisition of Shares which is referred to in Section 5(a). 

  

	 	(k)	 	“Shares” shall mean common shares of the Company which are issued to an Employee under a Stock Plan. 

  

	 	(l)	 	“Stock Plan” shall mean any stock option plan or stock purchase plan of the Company, or stock option agreement granted by the Company, which relates to Shares and
has been designated by the Board (or a committee of the Board) from time to time in its sole discretion as eligible to participate in the Plan. 

  

	 	(m)	 	“Subsidiary” shall mean a corporation, domestic or foreign, of which not less than 50% of the voting shares are held by the Company or a Subsidiary, whether or not
such corporation now exists or is hereafter organized or acquired by the Company or a Subsidiary. 

  
 3.    Eligibility.  Any Employee who shall be employed by the Company on a given Enrollment Date and who is entitled to the benefits
of a Stock Plan shall be eligible to participate in the Plan. 
  
 4.    Maximum Amount.  The maximum aggregate Loan amount which an Employee may borrow from the Company under the Plan is U.S.$10,000.00 (or Canadian dollar equivalent as determined by the Company) unless
otherwise determined by the Board (or a committee of the Board). 
  
 5.    Participation. 
  

	 	(a)	 	There shall be two types of Loans under the Plan. A Loan may be obtained by an eligible Employee from the Company which is equal to all or a portion of Payroll Deductions (a
“Payroll Deductions Loan”). A Payroll Deductions Loan shall be advanced to the Employee from time to time contemporaneously with Payroll Deductions; no cash shall be paid to the Employee because the amount of the Payroll Deductions
Loan shall be applied directly to the Payroll Deductions. Alternatively, a Loan may be obtained by an eligible Employee from the Company in order to fund an acquisition of Shares under a Stock Plan (a “Share Purchase Loan”). A Share
Purchase Loan shall be advanced to the Employee contemporaneously with the obligation of the Employee to pay for the Shares under a Stock Plan; no cash shall be paid to the Employee because the amount of the Share Purchase Loan shall be applied
directly to the purchase price for the Shares. 

  

	 	(b)	 	An eligible Employee may become a participant in the Plan by completing a subscription agreement authorizing a Loan to the Employee in the form of Exhibit A to this Plan and filing
it with the Company’s payroll office. The date on which this occurs is the “Enrollment Date”. 

	 	(c)	 	A separate subscription agreement shall be filed for each Stock Plan for which the Employee wishes a Loan and, if the Employee wishes a Share Purchase Loan, a separate subscription
agreement shall be filed for each acquisition of Shares no later than the time of the exercise of the Employee’s right to acquire the Shares. 

  

	 	(d)	 	If the Employee wishes a Payroll Deductions Loan, Loan advances shall commence on the first payroll following the Enrollment Date and shall end when the Employee ceases to make
Payroll Deductions, unless sooner terminated by the provisions of this Agreement. An Employee may change the portion of Payroll Deductions covered by the Payroll Deductions Loan by completing the applicable portions of the subscription agreement in
the form of Exhibit A to this Plan and filing it with the Company’s payroll office. The change shall be effective on the first payroll after the date of filing. 

  
 6.    Terms of the Loan 
  

	 	(a)	 	The Loan shall be paid by the Employee to the Company 10 days after demand by the Company which demand may be made in the Company’s sole discretion. The Loan shall not bear
interest. The Employee shall be entitled to prepay the Loan at any time. 

  

	 	(b)	 	Notwithstanding the provisions of any Stock Plan, in the event that the Employee defaults in the repayment of the Loan, the Employee shall not be entitled under any circumstances to
exercise any rights to acquire Shares or obtain other benefits under all Stock Plans to which the Employee is entitled. 

  

	 	(c)	 	The Company shall be entitled to set off the amount owing under the Loan (whether or not demand has been made under the Loan) against any amounts owing by the Company to the
Employee from time to time. For example, if the Employee becomes entitled to receive any Payroll Deductions at any time due to a withdrawal from a Stock Plan or otherwise, the Company shall be entitled to deduct the amount of the Loan (whether or
not any demand has been made under the Loan) from the amount of the Payroll Deductions to which the Employee is entitled. 

  
 7.    Withdrawal.  A participant may withdraw from the Plan by giving written notice of withdrawal in the form of Exhibit B to the
Plan to the Company’s payroll office. Thereafter, the participant shall not be entitled to any further Loan advances. It is recognized that, if the Employee participates in the Plan pursuant to one or more subscription agreements, the Employee
may withdraw his or her participation with respect to all or less than all of the subscription agreements. 
  
 8.    Termination of Employment.  Upon a participant’s ceasing to be an Employee for any reason he or she shall be deemed to have elected to withdraw from the Plan.

 9.    Administration.  The Plan shall be administered by the Board or a committee of
members of the Board appointed by the Board. The Board or its committee shall have full and exclusive discretionary authority to construe, interpret and apply the terms of the Plan, to determine eligibility and to adjudicate all disputed claims
filed under the Plan. Every finding, decision and determination made by the Board or its committee shall, to the full extent permitted by law, be final and binding upon all parties. 
  
 10.    Transferability.  A participant’s rights and obligations under the Plan (including a Loan)
may not be assigned, transferred, pledged or otherwise disposed of in any way (other than by will or the laws of intestacy) by the participant. Any such attempt at assignment, transfer, pledge or other disposition shall be without effect, except
that the Company may treat such act as an election to withdraw from the Plan. 
  
 11.    Reports.  Individual Loan accounts shall be maintained by the Company for each participant in the Plan. Statements of account shall be given to participants at least annually. The amount of any
Loan as stated in any such account is, in the absence of evidence to the contrary, proof of the amount of the Loan. 
  
 12.    Amendment or Termination. 
  

	 	(a)	 	The Board (or its committee) may at any time and for any reason terminate or amend the Plan. No such termination can affect a Loan previously made in any material way which is
detrimental to the Employee. 

  

	 	(b)	 	The Board (or its committee) shall be entitled to establish such limitations or procedures as the Board (or its committee) determines in its sole discretion advisable which are
consistent with the Plan. 

  
 13.    Notices.  All notices or other communications by a participant to the Company under or in connection with the Plan shall be deemed to have been duly given when received in the form specified by
the Company at the location, or by the person, designated by the Company for the receipt thereof. All notices or other communications given by the Company to a participant or former participant under or in connection with the Plan shall be deemed to
have been duly given to such participant five days after the date on which such notice or communication is mailed to such participant by registered mail at the last known address of such participant as shown in the records of the Company or on the
date on which such notice or communication is delivered to such participant at the last known address of such participant as shown on the records of the Company. A participant or a former participant may change his or her address for the purposes of
this paragraph by giving notice to the Company in accordance with the first sentence of this paragraph. 
  
 14.    Conditions.  The Company shall not be obligated to make a Loan unless the transaction complies with all applicable provisions of law, domestic or foreign, including, without
limitation, the Securities Act of 1933, as amended, the Securities Exchange Act of 1934, as amended, the Securities Act (Ontario), the rules and regulations promulgated thereunder, and 

 the requirements of any stock exchange upon which the Shares may then be listed, and shall be further subject to the
approval of counsel for the Company with respect to such compliance. 
  
 15.    Term of Plan.  The Plan shall become effective on January 1, 2001. It shall continue in effect for a term of ten (10) years unless sooner terminated in accordance with the Plan. 

 EXHIBIT A 
  
 GENESIS MICROCHIP INC. 
  
 2001 EMPLOYEE STOCK PURCHASE LOAN PLAN 
  
 SUBSCRIPTION AGREEMENT 
  

	             x            
	 	Application for Payroll Deductions Loan Date: (All blanks to be completed except those in paragraphs 2 and 5)	 	Date:                 
			
	 	 	OR	 	 
			
	                                      
                                     
	 	 Change in Payroll Deduction Loan Amount (All blanks to be completed except those in paragraphs 1, 3 and 5)
	 	 
			
	 	 	OR	 	 
			
	                                       
                                    
	 	 Application for Share Purchase Loan (All blanks to be completed except those in paragraphs 2 and 3)
	 	 

  

	1.	 	__________________________________ hereby elects to participate in the 2001 Employee Stock Purchase Loan Plan (the “Loan Plan”) of Genesis Microchip Inc. (the
“Company”) and applies to borrow funds from the Company (“Loan”) in accordance with this Subscription Agreement and the Loan Plan. 

  

	2.	 	                                      
                               hereby acknowledges that I have obtained a Payroll Deductions
Loan from the Company under a Subscription Agreement
dated                                      . I
hereby elect that                               % of Payroll Deductions (instead
of                                       % of
Payroll Deductions) shall be borrowed by me under the Loan Plan in connection with the following stock option or stock purchase plan:
                                        
                 (please note that fractional percentages are not permitted). 

  

	3.	 	I wish to borrow money from the Company to fund                     % of
Payroll Deductions which are made by the Company under the following stock option or stock purchase plan:
                                 (please note that fractional percentages are not
permitted). I agree that a loan will be advanced to me at the time of each Payroll Deduction. 

  

	4.	 	 I agree that the maximum aggregate amount which I may borrow from the Company under this subscription and any other loan subscription under the Loan Plan is 

 U.S.$10,000.00 (or Canadian dollar equivalent as determined by the Company) unless otherwise determined by the board of
directors of the Company or a committee thereof. 
  
 5.    I
wish to borrow U.S.$_________________ to fund the acquisition of ______________ shares in the capital of the Company under the following stock option or stock purchase plan or stock option agreement: _______________________. I agree that this Loan
will be advanced to me against the purchase price for the shares. 
  
 6.    I agree that the Loan shall be payable by me to the Company 10 days after demand by the Company which demand may be made in the Company’s sole discretion. The Loan shall not bear interest. 
  
 7.    I agree that, notwithstanding the provisions of any stock purchase
plan or stock option plan or stock option agreement to which I am entitled, if I am in default of the repayment of any loan to the Company, I shall not be entitled under any circumstances to exercise any rights to acquire shares or obtain other
benefits under any such plan or agreement. 
  
 8.    The
Company is entitled to set off the amount owing under the Loan (whether or not demand has been made under the Loan) against any amounts owing by the Company to me from time to time. For example, if I become entitled to receive any Payroll Deductions
(as defined in the Loan Plan) at any time, the Company has the right to deduct the amount of the Loan (whether or not any demand has been made under the Loan) from the amount of the Payroll Deductions to which I am entitled. 
  
 9.    I represent that I have consulted with any tax consultants and
other professional advisors as I deem advisable in connection with my participation in the Loan Plan, and that I am not relying on the Company for any tax or other advice. 
  
 10.    I have received and read a copy of the complete Loan Plan. I understand that my participation in the Loan Plan is
in all respects subject to the terms of the Loan Plan. I hereby agree to be bound by the terms of the Loan Plan. The effectiveness of this Subscription Agreement is dependent upon my eligibility to participate in the Loan Plan. 
  
 11.    I agree that my executors, administrators, heirs and legal
personal representations shall be bound by my obligations under the Loan Plan and you and your successors and assigns shall enjoy the benefits under the Loan Plan. 
  

	 Employee’s Social
 Security Number:
	  	  
                                       
                                        
            
	  	 
	 Employee’s Address:
	  	  
                                       
                                        
            
	  	 
	 	  	  
                                       
                                        
            
	  	 
	 	  	  
                                       
                                        
            
	  	 

  
  
  
  

 I UNDERSTAND THAT, WITH RESPECT TO A PAYROLL DEDUCTIONS LOAN, THE SUBSCRIPTION AGREEMENT SHALL REMAIN IN EFFECT UNLESS I
WITHDRAW FROM THE LOAN PLAN. 
  

	Dated:                                    
        	  	 	  	  
                                       
                                        
                                    

	 	  	 	  	Signature of Employee

  
  

 EXHIBIT B 
  
 GENESIS MICROCHIP INC. 
  
 2001 EMPLOYEE STOCK PURCHASE LOAN PLAN 
  
 NOTICE OF WITHDRAWAL 
  
 (If a participant in the Plan has filed more than one Subscription Agreement, 
 then a separate Notice of Withdrawal must be filed for each Subscription Agreement) 
  
 The undersigned participant in the Genesis Microchip Inc. 2001 Employee Stock Purchase Loan Plan refers to the Subscription Agreement dated
                             with respect to the following stock option or stock purchase plan:
                                . The undersigned hereby notifies the Company that
he or she hereby withdraws from the Plan under and to the extent of such Subscription Agreement. 
  

	Name and Address of Participant:
	
	                                      
                                        
                         
	  
                                       
                                        
                         

	  
                                       
                                        
                         

	 Signature:

	  
                                       
                                        
                         

		
	 Date:Lease Termination Agreement

 Exhibit 10.20 
  
 LEASE TERMINATION AGREEMENT 
  
 THIS LEASE TERMINATION AGREEMENT (“Agreement”) is made and entered into as of February 25, 2003 by and
between 1601 McCarthy Boulevard, LLC, a California limited liability company (“Landlord”) and Sage, Inc., a Delaware corporation (“Sage” or “Tenant”). 
  
  
 R  E  C  I  T  A  L  S: 
  
 A.    Limar Realty Corp. #7, predecessor in interest to Landlord, and Tenant entered into that certain Standard Single Tenant NNN
Lease dated April 12, 2000 (as it may be amended from time to time, the “Lease”), in which Landlord leased to Tenant, and Tenant leased from Landlord, certain premises commonly known as 1601 McCarthy Boulevard, Milpitas, California
(the “Premises”) as more specifically described in the Lease. 
  
 B.    In accordance with the Lease, Tenant has deposited with Landlord a security deposit in the original amount as set forth in the Lease (the “Security Deposit”). 
  
 C.    Pursuant to that certain Sublease Agreement dated
August 31, 2000 (the “Sublease”) by and between Tenant, as sublandlord, and Big Bear Networks, Inc., a California corporation, as subtenant (“Subtenant”), Subtenant subleased from Tenant a portion of the Premises
consisting of approximately 23,870 rentable square feet of space (the “Subleased Premises”) as more particularly described in the Sublease. 
  
 D.    Sage is a wholly owned subsidiary of Genesis Microchip, Inc., a Delaware corporation (“Genesis”) and Genesis
has agreed to fully guaranty the obligations of Sage arising under or pursuant to this Agreement as provided in Section 19 below and to join in certain covenants and agreements contained herein. 
  
 E.    Tenant has indicated that it desires to terminate
the Lease. 
  
  
 A  G  R  E  E  M  E  N  T: 
  
 NOW, THEREFORE, for good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, Landlord
and Tenant hereby agree as follows: 
  
 1.    
Incorporation of Recitals. Recitals A through E inclusive, set forth above are incorporated in full into this Agreement by this reference. 
  
 2.     Termination of Lease. Subject to the terms and conditions hereinafter set forth, and provided no petition under the
United States Bankruptcy Code is filed by or against Sage or Genesis, and Sage or Genesis does not make an assignment for the benefit of creditors pursuant to California Code of Civil Procedure section 493.010 or other similar law, on or within
ninety-five (95) days after the delivery to Landlord of good and immediately available funds representing all Settlement Payments (as defined in paragraph 3), which petition or assignment results in an order compelling Landlord to refund, pay over
or disgorge to Sage, Genesis, any bankruptcy trustee or any creditor or other party to the case any of the Settlement Payments, and 

 subject to the satisfaction of all conditions hereto, the Lease shall terminate effective as of the date set forth in
Paragraph 10, below (the “Termination Date”). 
  
 3.     Lease Restructuring Consideration. The parties agree that upon the Termination Date (a) Tenant shall and hereby does consent to the immediate release of the Security Deposit to Landlord’s lender, in
consideration of lender’s consent to the transactions contemplated by this Agreement, (b) Tenant will immediately remit directly to Landlord’s lender the sum of Six Million Two Hundred Seventy Seven Thousand Dollars ($6,277,000), less the
amount of any net rental payments made by Tenant to Landlord during calendar year 2003 after deducting amounts due to Tenant from the Subtenant for the corresponding period under the Sublease (collectively, the “Settlement
Payments”). Landlord and Tenant acknowledge that as of the date of this Agreement, the total amount to be remitted by Tenant pursuant to subparagraph (b) immediately above, is Six Million One Hundred Fifty One Thousand Dollars ($6,151,000).
In addition, concurrently with the making of the Settlement Payments, Tenant shall remit to Landlord all amounts owing pursuant to Paragraph 11(i), below. The present value of Tenant’s future Rent obligations under the Lease significantly
exceeds the aggregate of the amounts set forth in (a) and (b) above. 
  
 4.    Surrender of Premises; Furniture and Equipment; Roof Screening Work. 
  
 (i)     The parties hereby agree that on or prior to the Termination Date, Tenant shall vacate and surrender to Landlord exclusive
possession of the Premises (other than that portion of the Premises covered by the Sublease or to which the Subtenant is otherwise entitled to use pursuant to the terms of the Sublease) in broom clean condition, undamaged and with all furniture and
equipment in place and repairs to the Premises otherwise required under this Agreement fully completed; provided, that notwithstanding the foregoing, Tenant shall reassemble (to the extent necessary), replace and move back into their former places
within the Premises those pieces of furniture and equipment listed on Schedule 1 of Exhibit A attached hereto (the “Furnishings”). Landlord acknowledges that as of the date of this Agreement Tenant has complied with
the provisions set forth immediately above. As further consideration for Landlord entering into this Agreement, on the Termination Date, Tenant shall transfer to Landlord all of its right, title and interest in the Furnishings, and Landlord shall
accept such assets in their “AS-IS” condition, pursuant to and in accordance with the form of bill of sale attached hereto as Exhibit A. 
  
 (ii)     In addition, Tenant shall use commercially reasonable efforts to complete Tenant’s planned roof screening work to the
Premises prior to the Termination Date. If Tenant for any reason has not completed such work by the Termination Date to the satisfaction of the City of Milpitas and the reasonable satisfaction of Landlord, then, on the Termination Date, Tenant shall
(a) assign to Landlord Tenant’s architectural plans and construction contract for such work and (b) remit to Landlord the amount reasonably required to complete such work (not to exceed Fifty Thousand Dollars ($50,000)). Thereafter, Landlord
shall complete such work and shall promptly refund to Tenant (against invoices, etc. showing the amount expended by Landlord therefore) any amount remaining from such funds so remitted by Tenant. 
  
 (iii)     Landlord and Tenant agree that all property
belonging to Tenant which remains on the Premises following the Termination Date that is not otherwise covered by this 
  

 2 

 Paragraph 4 shall be deemed to have been abandoned by Tenant, which waives all of its rights in such property, that all
such property, in the aggregate, shall be conclusively agreed between the parties to have a fair market value of less than $300.00, that all such property may be disposed of by Landlord as its own property without further notice to Tenant, and that
Tenant waives any statutory requirements of notice, auction, sale, or accounting relating to such abandoned property. 
  
 5.     Release of Liability.     Subject to Tenant fully, timely and faithfully performing and satisfying
all of its obligations under this Agreement and except for the obligations, duties and rights of the parties hereunder (including Sections 3, 4, 8 and 9 hereof) (the “Excluded Matters”), effective as of the Termination Date:

  
 (a)    Landlord, on behalf of itself and
its transferees, successors and assigns, hereby releases and discharges Genesis and Sage, their subsidiaries, affiliates, parents, officers, directors, shareholders, employees, attorneys, accountants, consultants, transferees, successors and assigns
(collectively, “Tenant Parties”), from any claim whatsoever for the payment of Rent or any other charge or sum now or hereafter payable by the Tenant under the Lease or for the performance of any obligation on the part of the Tenant
to be performed under the Lease or any other matter involving, arising out of or related to the Lease or the Premises, whether known or unknown, which Landlord now has, owns or holds, or may in the future have, against any of the Tenant Parties.

  
 Notwithstanding anything in this Agreement to the contrary, if
(i) a petition under the United States Bankruptcy Code is filed by or against either Genesis or Sage (provided, that if any such petition shall be an involuntary petition, such involuntary petition is not dismissed within 60 days of filing) or
either Genesis or Sage makes an assignment for the benefit of creditors, which petition or assignment results in an order compelling Landlord to refund, pay over or disgorge to Sage, Genesis, any bankruptcy trustee or any creditor or other party to
the case any of the Settlement Payments or (ii) for any reason either the Settlement Payments or all or any part of the transaction described in this Agreement is avoided in a bankruptcy, insolvency or similar proceeding, the release by Landlord of
Genesis and Sage described in this paragraph 5(a) shall be null and void ab initio, and Landlord shall be entitled to claim and recover all amounts to which Landlord would be entitled under the Lease, at law and in equity, as if the Lease had not
been terminated by this Agreement, and as hereinafter specifically set forth, Genesis is and shall be deemed a guarantor of all obligations of Sage under the Lease, and, at Landlord’s election, the Lease shall be reinstated; provided, however,
in the event of any of the foregoing, notwithstanding anything to the contrary herein, (A) the liability of Sage and Genesis, taken together, shall not exceed the amount of the Settlement Payments, less any amounts paid by Sage or Genesis that
Landlord or its lender is not required to disgorge, pay over or refund due to any bankruptcy, insolvency or similar proceeding and (B) the provisions of Sections 3, 4 and 5(b) of this Agreement shall be void to the extent that the Lease is
considered not to have been terminated by this Agreement. 
  
 (b)
    Genesis and Sage, on behalf of themselves and their transferees, successors and assigns, hereby releases and discharges Landlord, its subsidiaries, affiliates, parents, officers, directors, shareholder, employees, attorneys,
accountants, consultants, transferees, successors and assigns (collectively, the “Landlord Parties”), from any claim 
  

 3 

 whatsoever for the performance of any obligation on the part of Landlord to be performed under the Lease or any other
matter involving, arising out of or related to the Lease or the Premises, whether known or unknown, which Tenant now has, owns or holds, or may in the future have, against any of the Landlord Parties. 
  
 6.     Waiver of Civil Code Section 1542.
    Landlord, Genesis and Sage, and each of them intend for the foregoing release to be a full and final accord and satisfaction and release of each and every claim or cause of action that Landlord or Tenant may have against the
other in connection with the released matters, except for those claims arising out of a breach of this Agreement and the Excluded Matters. In further consideration of this intention, Landlord and Tenant each hereby waive the benefit of the
provisions of California Civil Code Section 1542, and any similar of analogous statute from another state which may be applicable. Section 1542 of the California Civil Code currently provides 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.” 
  

	 /s/    Arthur Grovara

	 	 /s/    Eric Erdman

	 	 /s/    Eric Erdman

	Landlord	 	Genesis	 	Sage

  
 Each of Landlord,
Genesis and Sage represents that it has read and knows and understands the contents of this release and that it has executed it voluntarily after consulting with counsel of its choosing. Each of Landlord and Tenant understands that it cannot proceed
against any party it has released hereby with respect to the matters released herein. 
  
 7.     Representations of Genesis and Sage.     Genesis and Sage each represents and warrants to Landlord that (a) each of them is a duly formed and validly existing
corporation; (b) each is qualified to do business in the State of California and is in good standing in the jurisdiction of its formation; (c) neither has heretofore assigned all or any portion of its interest in the Lease or sublet any portion of
the Premises to any party or than in connection with the Sublease; (d) no other person, firm or entity has any right, title or interest in the Lease claiming through or under Sage or Genesis; (e) each has the full right, legal power and actual
authority to enter into this Agreement; (f) each person signing this Agreement on behalf of Tenant is authorized to do so and this Agreement has been fully and validly authorized by Tenant and each of them by all appropriate corporate action; and
(g) this Agreement is valid and legally binding on each of them. Notwithstanding the termination of the Lease and the release of liability, as provided herein, the representations and warranties set forth in this Section 7 shall survive the
termination of the Lease and Genesis and Sage shall be liable to Landlord for any inaccuracy or any breach thereof. 
  
 8.     Continuing Liability.     Notwithstanding the termination of the Lease and the release of liability
provided for herein, Tenant shall remain liable for all of Tenant’s indemnification and other obligations which expressly survive termination of the Lease under the 
  

 4 

 terms and provisions thereof and which relate in any way to (i) third party claims against Landlord or (ii) environmental
matters affecting Landlord or the Premises. 
  
 9.     No Liens on Premises; Indemnity.     Tenant acknowledges and agrees that Tenant shall be solely responsible for and shall pay or cause to be paid all charges for labor or materials
supplied on behalf of Tenant to or in connection with the Premises, which if unpaid, could result in a lien or other encumbrance (collectively, “Liens”) against Landlord’s interest in the Premises, and Tenant does hereby
defend, indemnify and hold Landlord harmless from and against any and all costs and expenses incurred by Landlord to pay, discharge or otherwise remove any Lien against Landlord’s interest in the Premises arising from or in connection with
Tenant’s failure to pay all charges for labor or materials supplied to the Premises which were contracted for or ordered by Tenant. Tenant acknowledges and agrees that Tenant shall be solely responsible for and shall pay or cause to be paid all
leasing commissions which are owed by Tenant under or in connection with the Lease and Tenant does hereby defend, indemnify and hold Landlord harmless from and against any such leasing commissions. This Section 9 shall survive the termination of the
Lease and the performance of this Agreement. 
  
 10.     Conditions Precedent to the Termination Date.     The Termination Date under this Lease shall occur upon (i) the payment of all Settlement Consideration hereunder, (ii) the delivery of
the amounts to be delivered by Tenant to Landlord pursuant to Paragraphs 4(ii) and 11(i) hereof and (iii) the later to occur of (a) February 28, 2003, (b) the receipt by Landlord of an executed attornment agreement from Subtenant to Landlord in the
exact form previously submitted by Landlord to Tenant by which Subtenant agrees to attorn to Landlord and to be bound by the terms and conditions of the Sublease for the balance of the term thereof, and (c) the receipt by Landlord of the consent of
Landlord’s lender to the transactions contemplated by this Agreement in a form reasonably satisfactory to Landlord; provided, that if the foregoing conditions have not been met or satisfied (through no fault of Tenant) on or before April 1,
2003, either party may at any time thereafter terminate this Agreement upon no less than ten (10) days prior written notice to the other, delivered pursuant to Section 28 of the Lease; provided that as a condition to Tenant’s termination,
Tenant shall be required to pay all rent that would have previously been due and is unpaid under the Lease. Landlord shall use commercially reasonable efforts to obtain the written consent of Landlord’s lender as set forth above as soon as
practicable and shall provide Tenant with a copy of such written consent immediately upon Landlord’s receipt thereof. 
  
 11.     Attorneys’ Fees. 
  
 (i)     Tenant shall pay to Landlord, Landlord’s legal fees incurred in connection with (a) this Agreement, (b) the transactions
and negotiations leading to the execution and delivery of this Agreement, and (c) the obtaining and documenting the consent of Landlord’s lender to the transactions contemplated hereby in an aggregate amount not to exceed $30,000. 

 
 (ii)     Should any dispute arise among the parties
hereto or their legal representatives, successors and assigns concerning any provision of this Agreement or the rights and duties of any person in relation thereto, the party prevailing in such dispute shall be entitled, in addition to such other
relief that may be granted, to recover reasonable attorneys’ fees and legal costs in connection with such dispute. 
  

 5 

 12.     Severability.     If any one or more of the
provisions contained in this Agreement is for any reason held to be invalid, illegal or unenforceable in any respect, such invalidity, illegality or unenforceability shall not affect any other provisions of this Agreement, and this Agreement shall
be construed as if such invalid, illegal or unenforceable provision had never been contained herein. 
  
 13.     Notices.     All notices, demands or other communications given pursuant to this Agreement shall be
in writing and shall be deemed given if given in the manner specified in Section 28 of the Lease. 
  
 14.     Binding Agreement; Joint and Several Obligations.     All provisions contained in this Agreement
shall be binding upon, inure to the benefit of, and be enforceable by, the respective successors and assigns of Landlord and Tenant. 
  
 15.     Governing Law; Interpretation.     This Agreement shall be interpreted under the laws of
California. The Section and subsection captions are for the convenient reference of the parties only and are not intended to and shall not be deemed to modify the interpretation of the Section or subsection from that which is indicated by the text
of the Section or subsection alone. This Agreement is the product of negotiation between the parties and their respective counsel, and the parties agree that it shall be interpreted in accordance with its fair and apparent meaning and not for or
against either party. All of the representations, warranties and indemnities contained in this Agreement shall survive indefinitely the termination of the Lease and the performance of this Agreement. 
  
 16.     Merger, Amendment.
    This Agreement (together with the Lease) sets forth the entire agreement between the parties with respect to the subject matter hereof and all prior negotiations or agreements, whether oral or written, are superseded and
merged herein. This Agreement may not be altered or amended except by a writing duly authorized and executed by the party against whom enforcement is sought. 
  
 17.     Counterparts; Facsimile.     This Agreement may be executed in multiple counterparts, which
together shall constitute an original Agreement. The signature of either party hereto sent to the other via facsimile shall constitute the valid execution and delivery of this Agreement by such party. 
  
 18.     No Brokers.     Except
for any amounts payable to Gerbsman Partners (the payment of which shall be the sole obligation of Tenant) neither Tenant or Landlord has been represented by a real estate broker or other agent in regard to the transactions contemplated by this
Agreement, and no brokerage commission, finder’s fees or other compensation is due any agent of the parties in connection with the transactions contemplated by this Agreement. Tenant will hold Landlord harmless and indemnify Landlord against
any claim, loss or damage, including reasonable attorney’s fees, in regard to fees or commissions due any broker or agent under contract with or working through Tenant. Landlord will hold Tenant harmless and indemnify Tenant against any claim,
loss or damage, including reasonable attorney’s fees, in regard to fees or commissions due any broker or agent under contract with or working through Landlord. 
  

 6 

 19.     Genesis Lease Guaranty.     In consideration of
Landlord executing and delivering this Agreement, Genesis hereby absolutely and irrevocably guaranties (i) the payment of all Settlement Payments made or to be made under this Agreement, (ii) all indemnity obligations of Tenant under this Agreement
and (iii) to the extent either the Settlement Payments or all or any portion of this Agreement is avoided in a bankruptcy, insolvency or similar proceeding, and whether or not the Lease is reinstated as otherwise provided in Paragraph 5(a), above,
the full and prompt payment of all amounts to which Landlord would be entitled under the Lease, at law and in equity, as if the Lease had not been terminated by this Agreement (the “Guaranteed Obligations”); provided, however,
notwithstanding anything to the contrary herein, in no event shall Genesis’s liability for the Guaranteed Obligations described in subparts (i) and (iii) above exceed the amount of the Settlement Payments, less any amounts paid by Sage or
Genesis for the amounts described in subparts (i) and (iii) above that Landlord or its lender is not required to disgorge, pay over or refund due to any bankruptcy, insolvency or similar proceeding. This guaranty of Genesis (the
“Guaranty”) shall be continuing and shall terminate only upon the full and complete payment of all Guaranteed Obligations. 
  
 This Guaranty is a guaranty of payment and not of collection, the obligations of Genesis under this Guaranty are independent of the obligations of Tenant,
and Landlord may enforce this Guaranty against Genesis without first (a) making any effort at collection or enforcement of any Guaranteed Obligations from or against Tenant or any other party that may be liable therefor, other than providing any
notices and cure periods required under the Lease, (b) exercising or asserting any other right or remedy which may be available in connection with the Guaranteed Obligations or resorting to or exhausting any other security, guaranty or collateral
held with respect to the Guaranteed Obligations, or (c) asserting or filing any claim against the assets of Tenant, Genesis, or any other guarantor or any other party whatsoever. Neither failure by Landlord to enforce any or all of its rights under
the Lease or to insist upon strict payment by Tenant of any of the Guaranteed Obligations, nor any grant by Landlord of any indulgences or extensions of time to Tenant for the payment of any Guaranteed Obligations, shall release Genesis or in any
way affect or diminish Genesis’s obligations under this Guaranty. Genesis expressly waives any notice of acceptance of this Guaranty, diligence, presentment, demand, protest, extension of time for payment of the Guaranteed Obligations, and
notice of any kind whatsoever, other than any notices and cure periods required under the Lease. 
  
 This Guaranty shall remain and continue in full force and effect notwithstanding (a) the commencement or continuation of any action or proceeding by,
against or concerning Tenant under any federal or state bankruptcy, insolvency or other debtor-relief law, (b) the voluntary or involuntary appointment of a receiver, trustee, keeper or other person who takes possession of any of Tenant’s
assets, regardless of whether such appointment occurs as a result of insolvency or any other cause, or (c) any assignment by Tenant for the benefit of its creditors. 
  
 IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be executed as of the date first above written.

  
 [SIGNATURE BLOCK ON NEXT PAGE] 
  

 7 

	                “LANDLORD”	  	 	  	 
	 1601 MCCARTHY BOULEVARD, LLC,
 a California limited liability company
	  	 	  	 
				
	 By:
	 	 /s/ Arthur
Grovara                                       
                 

	  	 	  	 
	 Name:
	 	 Arthur Grovara

	  	 	  	 
	 Its:
	 	 Managing Member

	  	 	  	 
			
	 	 	 	  	 
		
	 Tenant:    “SAGE”
	  	Guarantor: “GENESIS”
	 SAGE, INC., a Delaware corporation
	  	GENESIS MICROCHIP, INC., a Delaware corporation
				
	 By:
	 	 /s/     Eric Erdman

	  	By:	  	 /s/     Eric
Erdman                                       
         

	 Name:
	 	 Eric Erdman

	  	Name:	  	 Eric Erdman

	 Its:
	 	 CFO

	  	Its:	  	 CFO

  

 8 

 EXHIBIT A 
  
 BILL OF SALE 
  
 FOR VALUE RECEIVED, the sufficiency of which is hereby acknowledged, Sage, Inc., a Delaware corporation (hereinafter referred to as “Seller”),
does hereby transfer, assign, sell and convey to 1601 McCarthy Boulevard, LLC, a California limited liability company (hereinafter referred to as “Purchaser”), all of the furniture, equipment and other personal property described on
Schedule 1 attached hereto (the “Assets”), which are currently located in those certain premises at 1601 McCarthy Boulevard, Milpitas, California. 
  
 Seller warrants and represents that it currently holds title to the Assets, free and clear of any liens or encumbrances.
EXCEPT AS STATED IN THE PRECEDING SENTENCE, SELLER MAKES NO WARRANTY OR REPRESENTATION WHATSOEVER REGARDING THE ASSETS AND EXPRESSLY EXCLUDES ANY SUCH WARRANTY OR REPRESENTATION, EITHER EXPRESS OR IMPLIED, AS TO THE MANUFACTURE, FITNESS,
MERCHANTABILITY, QUALITY, CONDITION, CAPACITY, SUITABILITY, OR FITNESS FOR A PARTICULAR PURPOSE OF THE ASSETS. THE ASSETS ARE SOLD TO PURCHASER AS IS, WHERE IS, AND WITH ALL FAULTS AND DEFECTS. 
  
 WHEREFORE, Seller has executed this Bill of Sale as of the 25th day of
February, 2003. 
  
 SAGE, INC., 
 a Delaware corporation 
  
  

	 By:
	  	 /s/    Eric Erdman

		
	 Print Name:
	  	 Eric Erdman

		
	 Title:    
	  	 CFO

  

 9 

 Schedule 1 
  

ASSETS 
  

	 	•	 	18 sets of office furniture 

  

	 	•	 	100 conference room chairs 

  

	 	•	 	12 square lunch tables with 27 chairs 

  

	 	•	 	2 vending machines 

  

	 	•	 	1 Omni fitness weight machine 

  

	 	•	 	12 four-drawer lateral file cabinets 

  

	 	•	 	4 six-foot folding tables 

  

	 	•	 	6 conference room tables (one 48" round table, one 60" oval table, four 8' conference tables) 

  

	 	•	 	3 credenzas (2 cherry wood, 1 maple) 

  

	 	•	 	1 cherry wood bookcase

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