Document:

EXHIBIT 10.18.5

                        AMENDMENT #5 TO DEALER AGREEMENT
                               REPLACEMENT PROGRAM

         THIS  AMENDMENT  #5  (herein  "Amendment")  to  the   Dealer  Agreement
("Agreement") is made this 9th day of April, 2007 with an effective date of June
1,  2006  ("Effective  Date")  by and  among  Conn  Appliances,  Inc.,  a  Texas
corporation  ("Conn"),  CAI, L.P., a Texas limited partnership  ("CAILP") having
their principal places of business at 3295 College Street, Beaumont, Texas 77701
(except as otherwise noted,  Conn and CAILP  collectively  herein referred to as
"Dealer"),  and Federal Warranty Service  Corporation,  an Illinois  corporation
having its  principal  place of business at 260  Interstate  North  Circle,  SE,
Atlanta, GA 30339 (through prior Amendment #1 replaced Voyager Service Programs,
Inc.) ("Federal").

WHEREAS,  Dealer  and  Voyager  entered  into a  "Dealer  Agreement"  stated  as
effective  January 1, 1998 (the  "Agreement")  concerning  the sale by Dealer of
Service Contracts covering certain specified  merchandise sold by Dealer,  under
which Service  Contracts  Voyager was the obligor,  and which Service  Contracts
were administered by Dealer; and

WHEREAS, "Amendment #1" to the Agreement substituted Federal in place of Voyager
and CAILP in place of Conn as parties to the  Agreement,  "Amendment #2" amended
the term and termination provisions of the Agreement, "Amendment #3" amended the
Agreement's  pricing  provisions  and  provided  for the transfer and release of
specified  reserves  held by Voyager  under the  Agreement  and  "Amendment  #4"
provided mutual commitment to the future addition of the Replacement Program (as
defined in Amendment  #4) and provided for the  assignment of a Sales Manager to
support Dealer's Service Contract program; and

WHEREAS,  The  parties  now desire to amend the  Agreement  to  provide  for the
implementation and launch of the Replacement Program.

NOW THEREFORE,  in  consideration of the mutual covenants and promises set forth
herein and in the Agreement, the parties do hereby agree as follows:

1.   The  parties  agree that the  Replacement  Program  is hereby  added to the
     Agreement  and shall be included  in the term  "Service  Contract"  as used
     therein. A "Replacement Program" Service Contract is one which provides for
     the  replacement of Covered  Merchandise in the event of specified types of
     failure as set forth in the applicable  Service  Contract form. The initial
     Replacement  Program  Service  Contract form approved by Federal for use by
     Dealer  is  attached  hereto  as  Exhibit  A.1.  Dealer  shall use only the
     Replacement Program Service Contract forms approved by Federal. Replacement
     Program Service Contracts may be sold to cover only specific  categories of
     Covered  Merchandise,  and at  specific  Contract  Prices,  as set forth in
     Schedule  A.1  attached  hereto.  Exhibit A.1 and  Schedule  A.1 are hereby
     attached to and made part of the Agreement.

2.   Paragraph  2.2 is hereby  deleted in its  entirety  and  replaced  with the
     following:

     "Contract  Prices.  Dealer  shall  sell  Non-Replacement   Program  Service
     Contracts on such Covered  Merchandise  and at such prices as are contained
     in Schedule A.1 and shall sell  Replacement  Program  Service  Contracts on
     such  Covered  Merchandise  and at such prices  contained  in Schedule  A.1
     attached  hereto  (such  retail  prices for both  Replacement  Program  and
     Non-Replacement  Program  Service  Contracts shall herein be referred to as
     "Contract Prices"). Dealer shall, from time to time, establish the Contract
     Prices  to be  charged  for the  Service  Contracts  subject  to  Federal's
     approval  and shall  advise  Federal in writing  of such  Contract  Prices.
     Approval  of the  Contract  Prices  shall not be  unreasonably  withheld or
     delayed by Federal.  It is understood that in the event Federal has neither
     disapproved a Dealer-proposed  Contract Price nor requested additional time
     to review same, in writing,  within ten (10) business days after  Federal's
     receipt  thereof,  approval  of such  Contract  Price shall be deemed to be
     given.  Dealer shall  comply with all United  States  (federal),  Texas and
     Louisiana  laws and  regulations  applicable  to the pricing of the Service
     Contracts.""

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3.   The  definition  of  Federal  Fees in the  first  sentence  of 5.1 shall be
     replaced with the following:

     "Federal Fee" means

          a)   for the  Non-Replacement  Program Service Contracts:  that amount
               equal to thirty-four percent (34%) of the Contract Prices and

          b)   for the Replacement Program Service Contracts:  that amount equal
               to fifty-four  percent (54%) of the Contract Prices for the first
               $3,750,000  of such retail sales during any  contract  year,  and
               that amount equal to fifty percent  (50%) of the Contract  Prices
               for retail  sales in excess of  $3,750,000  during  any  contract
               year.

     The Federal Fee applies to Contract Prices net of sales tax collected of
     Service Contracts sold by or delivered by Dealer in connection with the
     sale of covered Merchandise and any renewals thereof.

4.   The reference to "paragraph 5.5" as found in paragraph 3.7 of the Agreement
     is hereby amended to refer to "paragraph 5.4.

5.   The  attached   Exhibit  D,  amended  to  reflect  the  differing   Federal
     (previously  Voyager) retention rates for Replacement Program business,  is
     hereby  attached to the Agreement and replaces in its entirety the previous
     Exhibit D.

6.   All  other  terms  and  conditions  of the  Agreement  shall  apply  to the
     Replacement Program and shall remain the same.

IN WITNESS  HEREOF,  the parties have signed this Amendment  effective as of the
date first above written.

                                          Conn Appliances, Inc.

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

Federal Warranty Service Corporation      CAI, L.P. (by Conn Appliances, Inc.,
                                          General Partner)

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

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                                   EXHIBIT A.1
                    REPLACEMENT PROGRAM TERMS AND CONDITIONS

                                REPLACEMENT PLAN
                                SERVICE AGREEMENT

In  consideration  of the amount paid on the invoice for this  Replacement  Plan
Service Agreement ("Agreement"), and except as hereinafter provided, should Your
covered product require  replacement,  Federal Warranty Service Corporation will
make the necessary  replacement of the product identified on this invoice at the
owner's  address as  identified  on the  invoice.  Pre-existing  conditions  are
included in this Agreement. This Agreement is not a contract of Insurance.

"We", "Us" and "Our" mean the company  obligated  under this Agreement,  Federal
Warranty Service Corporation [P.O. Box 105689,  Atlanta,  GA 30348-5689].  "You"
and "Your"  indicates the  purchaser of this  Agreement.  " Retailer"  means the
store You purchased the products  covered under this  Agreement  from.  "Covered
Product" means the consumer item(s) which You purchased concurrently with and is
covered  by  this   Agreement.   "Administrator"   means  CAI,  LP   ("Conn's").
"Replacement"  mean the  exchange of a  defective  covered  product  with a new,
rebuilt,  or refurbished  product of equal or similar features and functionality
as the original covered product. We reserve the right to select the manufacturer
and model of the  replacement  product.  This  Agreement  is not a  contract  of
insurance.

                      REPLACEMENT PLAN TERMS AND CONDITIONS

(1)  For the Replacement Plan , the term of this Agreement begins on the date of
     purchase  and  continues  for a period of two (2) years or until a claim is
     paid, whichever occurs first.

     (2)  We will replace the Covered Product, at Our discretion,  when required
          due to a mechanical  or  electrical  breakdown  during  normal  usage,
          including those experienced  during normal wear and tear. A mechanical
          or electrical  breakdown caused by a direct result of a power surge is
          also covered.

     (3)  If Your covered product requires replacement, return it to the nearest
          Administrator's  retail  store for  determination  that  Your  covered
          product is defective and requires replacement.

     (4)  If you do not  reside  in an  Administrators  territory,  contact  the
          Administrator  at  1-877-472-5422,  Monday - Friday 10:00am to 9:00pm,
          Saturday  9:00am to 9:00pm,  Sunday  11:00am  to  7:00pm.  You will be
          instructed  on where to ship Your  Covered  Product for  determination
          that Your covered product is defective and requires  replacement..  If
          appropriate,  the  Administrator  will  issue a  return  authorization
          number  (RA#).  You are then  responsible  for  shipping  and handling
          charges to the  Administrator at the national return center.  You must
          write the RA# on the outside of the package.  Covered Products shipped
          without  the  RA#  will  be  refused.  Covered  Products  found  to be
          non-defective  will be returned to You.  You are  responsible  for all
          costs involved when Covered Products are found to be non-defective.

     (5)  The limit of liability under the replacement  plan is the value of the
          Covered  Product at the time of purchase.  This Agreement shall expire
          upon replacement of the Covered Product.  Coverage provided under this
          Contract shall not be  transferable  to any replaced  product,  unless
          otherwise  required by state law. All  defective  products will become
          Our property,  should We unilaterally  elect to exercise Our rights to
          the property.

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(6)  This  Agreement  excludes,   (a)  products  not  originally  covered  by  a
     manufacturer's  warranty;  product  repairs  that  should be covered by the
     manufacturer's  warranty  or are a  result  of a recall  regardless  of the
     manufacturer's  ability  to pay for such  repairs;  (b)  periodic  checkups
     and/or  preventative  maintenance as directed by the manufacturer except as
     provided herein; any deficiencies noted on the sales receipt;  (c) parts or
     repairs due to normal  wear and tear  unless tied to a breakdown  and items
     normally designed to be periodically replaced by You during the life of the
     covered product,  including but not limited to batteries, light bulbs, etc;
     (d) damage from  accident,  abuse,  misuse,  mishandling,  introduction  of
     foreign objects into the Covered Products;  (e) unauthorized  modifications
     or   alterations  to  a  Covered   Product;   (f)  failure  to  follow  the
     manufacturer's  instructions;  (g) external  causes  including  third party
     actions,  fire, theft,  insects,  animals,  exposure to weather conditions,
     earthquake,  sand, dirt, hail,  windstorm,  flood,  water, acts of god; (h)
     consequential  loss of any  nature;  (i)  loss  or  damage  caused  by war,
     invasion or act of foreign enemy, hostilities,  rebellion, riot, civil war,
     strike labor  disturbance,  lockout,  or civil  commotion;  (j) incidental,
     consequential or secondary  damages or delay in rendering service under the
     Agreement,  or loss of use during the period that the Covered Product is at
     an authorized  service center or otherwise  awaiting parts; (k) any product
     used in a  commercial  setting or rental  basis;  (l)  failures  that occur
     outside the 50 states of the United States of America; (m) nonfunctional or
     aesthetic parts including but not limited to plastic parts, knobs, rollers,
     baskets,  scratches,  peeling and dents;  (n)  unauthorized  repairs and/or
     parts; (o) cost of installations,  set-up,  diagnostic charges,  removal of
     reinstallation  of the  Covered  Product,  except as provided  herein;  (p)
     accessories used in conjunction with a Covered Product;  (q) any loss other
     than a covered  breakdown  of the Covered  Product;  (r)  service  where no
     problem can be found;  (s) breakdown which are not reported within the term
     of the  Agreement;  (t) failure as a result from rust or  corrosion  on any
     covered product or part; (u) damage to clothing;  (v) abnormal variation of
     electricity  or water  supply;  (w) water and gas lines  beyond the Covered
     Product;  (x) damage  incurred while moving the Covered  Product to another
     location;  (y) reimbursement of food loss due to natural spoilage or caused
     by misuse of the Covered  Product;  (z) products greater than 14 years old;
     (aa) any storage  media  damaged by a  malfunctioning  part;  (bb) improper
     installation  of components or  peripherals;  (cc) repair or replacement of
     upgraded  internal  computer  components  when  repair  or  replacement  is
     required due to  incompatibility of parts or incorrect  installation;  (dd)
     broken or cracked LCD screens in notebooks or portable computers and burned
     in phosphor in CRT or any other type of display; (ee) application programs,
     operating  software  or other  software,  loss of data or  restorations  of
     programs that You were  responsible  for back up prior for  commencement of
     repair; (ff) corruption of any program,  data or setup information resident
     on any hard drives and internal or external removable storage devices, as a
     result of the malfunctioning or damage of an operating part, or as a result
     of any repairs or replacement  under this  Agreement;  (gg) color fading of
     picture for any television; (hh) plasma televisions in use at or above 6000
     ft. above sea level;  (ii) burned-in  phosphor  (including image ghosting),
     pixel burnout not in accordance with the manufacturer's specifications.

(7)  You have the right to cancel at any time by contacting the Administrator at
     a retail store or by writing to the  Administrator  at 3295 College Street,
     Beaumont, TX 77701. If You cancel Your Agreement within thirty (30) days of
     receipt  of Your  Agreement,  You can  return  to the  Retailer  for a full
     refund.  If You cancel after thirty (30) days of receipt of Your Agreement,
     please contact the Administrator.  You will receive a pro-rata refund based
     on the time expired less a twenty-five  dollar ($25)  cancellation  fee, or
     ten percent (10%) of the purchase price (whichever is less),  less the cost
     of claims paid. We may not cancel this Agreement except for fraud, material
     misrepresentation  or  non-payment  by You;  or if  required  to do so by a
     regulatory  authority.  Notice of such  cancellation will be in writing and
     given at least thirty (30) days prior to  cancellation.  If We cancel,  the
     return  premium is based upon  one-hundred  percent  (100%) of the unearned
     pro-rata premium.

(8)  This Agreement is transferable by the original purchaser for the balance of
     the original  replacement plan service  agreement  protection  period.  The
     Covered   Product  may  be  registered  by  mailing   information   to  the
     Administrator,  including  the  agreement  reference  number,  date  of new
     ownership, new owners name, complete address, and telephone number.

     (9)  The  Agreement  territory is limited to the United  States of America,
          including  the District of Columbia.  It does not include any Canadian
          or U.S.  Territories  including  Guam,  Puerto  Rico,  or U.S.  Virgin
          Islands.

     (10) If We pay for a loss,  We may  require You to assign Us Your rights of
          recovery  against  others.  We will  not pay for a loss if You  impair
          these rights to recover. Your rights to recover from others may not be
          waived.

     (11) This Agreement is not renewable.

     (12) The   Administrator   (Conn's)   provides   customer   assistance   at
          www.conns.com,  check the local  telephone  listings  in your area for
          your  nearest  Conn's  store,  visit any Conn's  store  location or by
          calling 1-877-472-5422.

(13) Arbitration   Provision  -  READ  THE   FOLLOWING   ARBITRATION   PROVISION
     ("PROVISION")  CAREFULLY. IT LIMITS CERTAIN OF YOUR RIGHTS,  INCLUDING YOUR
     RIGHT TO OBTAIN RELIEF OR DAMAGES THROUGH COURT ACTION.

     As used in this  Provision,  "You" and  "Your"  mean the  person or persons
     named in this Agreement,  and all of his/her heirs, survivors,  assigns and
     representatives. And, "We" and "Us" shall mean the Obligor identified above
     and shall be deemed to include  all of its agents,  affiliates,  successors
     and assigns,  and any retailer or distributor  of its products,  and all of
     the dealers, licensees, and employees of any of the foregoing entities

     Any and all claims,  disputes,  or controversies  of any nature  whatsoever
     (whether in contract, tort or otherwise,  including statutory,  common law,
     fraud (whether by  misrepresentation  or by omission) or other  intentional
     tort,  property,  or equitable  claims)  arising out of, relating to, or in
     connection with (1) this [Service  Agreement] or any prior  Agreement,  and
     the purchase  thereof;  and (2) the  validity,  scope,  interpretation,  or
     enforceability  of this  Provision  or of the entire  Agreement  ("Claim"),
     shall be resolved by binding  arbitration before a single  arbitrator.  All
     arbitrations shall be administered by the American Arbitration  Association
     ("AAA") in  accordance  with its  Expedited  Procedures  of the  Commercial
     Arbitration  Rules of the AAA in effect at the time the Claim is filed. The
     terms of this Provision shall control any  inconsistency  between the AAA's
     Rules  and this  Provision.  You may  obtain a copy of the  AAA's  Rules by
     calling (800) 778-7879.  Upon written request We will advance to You either
     all or part of the fees of the AAA and of the  arbitrator.  The  arbitrator
     will decide  whether  You or We will be  responsible  for these  fees.  The
     arbitrator shall apply relevant  substantive law and applicable  statute of
     limitations  and  shall  provide  written,  reasoned  findings  of fact and
     conclusions of law. The arbitration shall be held at a location selected by
     Us within the state in which You purchased this  Agreement.  This Provision
     is part  of a  transaction  involving  interstate  commerce  and  shall  be
     governed  by the  Federal  Arbitration  Act, 9 U.S.C.  ss. 1 et seq. If any
     portion of this Arbitration  Provision is deemed invalid or  unenforceable,
     it  shall  not  invalidate  the  remaining   portions  of  the  Arbitration
     Provision.  This Arbitration Provision shall inure to the benefit of and be
     binding on You and Us and its  Provision  shall  continue in full force and
     effect subsequent to and  notwithstanding  the expiration of termination of
     this Agreement.

     You agree that any  arbitration  proceeding will only consider Your Claims.
     Claims by, or on behalf of, other individuals will not be arbitrated in any
     proceeding that is considering Your Claims.

     You and We Understand and agree that because of this arbitration  PROVISION
     neither  you nor us will have the right to go to court  except as  provided
     above or to have a jury trial or to participate as any member of a class of
     claimants pertaining to any claim.

     THIS  SERVICE  AGREEMENT  PROVIDES  NO  BENEFITS  DURING  THE  TERM  OF THE
     MANUFACTURER'S  WARRANTY.  THE  TERM  OF  THIS  SERVICE  AGREEMENT  AND THE
     COVERAGE  DESCRIBED  HEREIN  COMMENCE  IMMEDIATELY  UPON  EXPIRATION OF THE
     MANUFACTURER'S WARRANTY.

(14) State Disclosures - These special state disclosures apply if Your Agreement
     was  delivered to You in one of the  following  states and  supersedes  any
     other provision herein to the contrary.

     Louisiana residents: The Arbitration Provision is deleted in its entirety.

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     Texas residents:  A ten percent (10%) penalty per month shall be applied to
     refunds not paid or credited within thirty (30) days of receipt of returned
     service  Agreement.  The obligations  under this Agreement are insured by a
     policy of  insurance  issued  by  American  Bankers  Insurance  Company  of
     Florida, 11222 Quail Roost Drive, Miami, FL 33157. In the event any covered
     service is not paid within 60 days after  proof of loss has been filed,  or
     is a refund or credit is not paid  before the 46th day after the date which
     the  Agreement  is  returned,  you may apply  directly to American  Bankers
     Insurance Company of Florida. If yOU have complaints or questions regarding
     this  Agreement,  yOU may contact the Texas  Department  of  Licensing  and
     Regulation at the following address and telephone number:  Texas Department
     of Licensing and Regulation,  Post Office Box 12157,  Austin,  Texas 78711;
     512-463-6599 or 800-803-9202.

        To learn more about how Federal Warranty Service Corporation, an
   Assurant Solutions company, uses your information, please visit our website
                          at www.assurantsolutions.com.

                                    EXHIBIT D

This Exhibit D is attached, as of the date of execution of Amendment #5, to that
certain Dealer Agreement by and between Voyager Service Programs,  Inc. and Conn
Appliances, Inc., effective January 1, 1998, and replaces any previous version.

EXPERIENCE REFUND COMPUTATION

Step 1. In accordance with Paragraph 5.5,  Federal shall calculate an Experience
Refund which shall be on a cumulative inception to date basis as follows:

     a.   From the net written Federal Fees, the unearned Federal Fees as of the
          end of the  applicable  Calculation  Period shall be  subtracted.  The
          amount of the "unearned  Federal  Fees" shall be calculated  using the
          pro rata method,  over the term of each  individual  Service  Contract
          beginning  in the  tenth  month  following  the  sale of such  Service
          Contract. The resulting number is the earned Federal Fees.

     b.   From  the  earned   Federal   Fees   premium   taxes  and  the  Dealer
          Administrative  Compensation  associated  with the earned Federal Fees
          shall be  subtracted.  Federal  shall also  subtract  and  retain:  i)
          Federal's  retention of 4% of the Contract  Price for  Non-Replacement
          Service Contracts,  and ii) Federal's  retention of 8% of the Contract
          Price for Replacement  Plan Service  Programs for the first $3,750,000
          of such retail  sales  during any contract  year,  and iii)  Federal's
          retention of 4% of the  Contract  Price for  Replacement  Plan Service
          Programs for retail sales in excess of $3,750,000  during any contract
          year, if any.

From  the  amount   calculated  in  (b),  the  paid  Service   Contract  Losses,
claims-related expenses and ending claims reserves shall be subtracted.

Step. 2. From the sum determined  under Step 1, subtract any Experience  Refunds
previously paid for prior Calculation Periods.

The positive or negative amount calculated in accordance with these steps is the
"Experience  Refund" for the applicable  Calculation  Period to in  Subparagraph
5.5.

                                       5SEVERANCE AGREEMENT AND RELEASE

Exhibit 2.1

 

SEPARATION AGREEMENT AND RELEASE

RECITALS

This Separation Agreement and Release (the "Agreement") is by and between NETGEAR, Inc. (the "Company") and Deborah A. Williams ("Executive").

WHEREAS, Executive is employed by the Company as its Senior Vice President and Chief Marketing Officer;

WHEREAS, Executive and the Company entered into an offer letter, an employment agreement and a relocation agreement on September 5, 2006;

WHEREAS, Executive signed the Company's Employee Invention Assignment and Proprietary Information Agreement (the "Proprietary Information Agreement");

WHEREAS, the Company granted Executive restricted stock awards and stock options to purchase shares of the Company's common stock (collectively, the "Equity Awards"), subject to the terms and conditions of the Company's 2006 Long Term Incentive Plan (the "Plan") and the equity award grant agreements accompanying such Equity Awards (the Plan and equity award grant agreements, including any exhibits thereto, shall be referred to as the "Stock Agreement"); and

WHEREAS, the Parties now wish to confirm the terms of the Executive's separation from the Company and detail the mutual promises of Executive and Company in connection therewith.

NOW THEREFORE, in consideration of the promises made herein, the Parties hereby agree as follows:

COVENANTS

	Transition.  The Parties agree that the Executive shall continue to be employed with the Company in her current capacity during the transition period (the "Transition Period") from the Effective Date (as defined in Section 24 herein) through September 20, 2007 (the "Separation Date").  During the Transition Period, Executive shall continue to receive the same compensation, relocation and other employee benefits as she currently receives. Upon the Separation date, Executive shall effectively resign from any and all positions and titles, whether official or unofficial, that Executives holds at the Company or any of its subsidiaries. 

	Separation Consideration.  In exchange for good and valuable consideration, including but not limited to Executive's performance of certain transitional services detailed hereunder and continued employment during the Transition Period, the Executive shall receive the following separation benefits:  

	Separation Pay.  The Company shall pay Executive twenty-four (24) weeks of her current base salary in the total amount of Dollars One Hundred Twenty Six Thousand Nine Hundred  and Twenty Three only ($126,923.00), less applicable withholdings (the "Separation Payments"). These Separation Payments will be made to Executive in installments on a semi-monthly basis in accordance with the Company's regular payroll practices.  The first installment payment will be made on the first regular pay date following the Separation Date.

	Termination of Separation Payments.  Executive acknowledges and agrees that should she accept employment with any of the following of the Company's competitors in any position related to the manufacture or sale of networking products, her Separation Payments shall immediate cease: (1) Cisco Systems, Inc., including its Linksys division; (2) Dlink Systems, Inc.; (3) Microsoft Networking; (4) Allied Telesyn International; (5) Dell Computer Corporation; (6) 3Com Corporation; and (7) Hewlett Packard Company.  Executive agrees that if she accepts an offer of employment from any of the above referenced companies within twenty-four (24) weeks following the Separation Date, she shall notify the Company not later than 48 hours following her acceptance of any such employment offer, whether written or oral. 

	Stock.  Executive shall continue to vest under the Stock Agreement through the date that is the three month anniversary of the Separation Date (the "Termination of Vesting Date").  Executive shall be eligible to exercise any vested options until the date that is the three month anniversary of the Termination of Vesting Date.

	Signing Bonus.  During the period while she is receiving the Separation Payments, Executive shall also continue to receive the applicable quarterly installment of the signing bonus that she is entitled to receive pursuant to her employment offer letter.  For purposes of clarification, assuming the Executive receives the Separation Payments for the entire twenty-four (24) week period, Executive will also receive an installment of Dollars Ten Thousand Six Hundred and Twenty Five only ($10,625) on each of September 30, 2007 and December 31, 2007, less applicable withholdings. 

	COBRA.  Executive's health insurance benefits will cease at the end of September 2007, subject to Executive's right to continue her health insurance under COBRA. The Company shall reimburse Executive for the payments she makes for COBRA coverage during the period of time while she is receiving the Separation Payments.  The Company shall make these COBRA reimbursement payments to Executive within ten (10) days following her provision to the Company of documentation substantiating her payments for COBRA coverage.  Executive's participation in all other benefits and incidents of employment (including, but not limited to, vacation and paid time off) ceases on the Separation Date.    

	Transitional Services.  In exchange for good and valuable consideration, including but not limited to the payment of the Separation Payments, the Executive agrees to endeavor in good faith to undertake the following tasks during the Transition Period:

(i)continue to perform Executive's day-to-day duties consistent with Executive's position within the Company, as shall reasonable be assigned to her by the Company's Chief Executive Officer and/or Board of Directors; and

(ii)facilitate a smooth transition of Executive's duties, projects and assignments prior to the Separation Date.

	Confidential Information.  Executive shall continue to comply with the terms and conditions of the Proprietary Information Agreement, and maintain the confidentiality of all of the Company's confidential and proprietary information.  Executive shall also return to the Company all of the Company's property and confidential and proprietary information by the Separation Date.

	Release of Claims.  Executive agrees that the consideration provided in this Agreement, when paid, represents settlement in full of all outstanding obligations owed to Executive by the Company and its current and former officers, directors, employees, agents, investors, attorneys, shareholders, administrators, affiliates, divisions, subsidiaries, and predecessor and successor corporations and assigns (collectively the "Releasees").  Executive hereby and forever releases the Releasees from any claim, complaint, charge, duty, obligation or cause of action relating to any matters of any kind, whether presently known or unknown, suspected or unsuspected, that Executive may possess against any of the Releasees arising from any omissions, acts or facts that have occurred until and including the Separation Date, including, without limitation:

	any and all claims relating to or arising from Executive's employment with the Company, or the separation of employment contemplated herein;  
	any and all claims relating to, or arising from, Executive's right to purchase, or actual purchase of, shares of Company stock, including, but not limited to, any claims for fraud, misrepresentation, breach of fiduciary duty, breach of duty under applicable state corporate law, and securities fraud under any state or federal law; 
	any and all claims under the law of any jurisdiction, including, but not limited to, wrongful discharge of employment; constructive discharge from employment; termination in violation of public policy; discrimination; breach of contract, both express and implied; breach of a covenant of good faith and fair dealing, both express and implied; promissory estoppel; negligent or intentional infliction of emotional distress; negligent or intentional misrepresentation; negligent or intentional interference with contract or prospective economic advantage; unfair business practices; defamation; libel; slander; negligence; personal injury; assault; battery; invasion of privacy; false imprisonment; and conversion;
	any and all claims for violation of any federal, state or municipal statute, including, but not limited to, Title VII of the Civil Rights Act of 1964, the Civil Rights Act of 1991, the Age Discrimination in Employment Act of 1967, the Americans with Disabilities Act of 1990, the Fair Labor Standards Act, the Employee Retirement Income Security Act of 1974, The Worker Adjustment and Retraining Notification Act, Older Workers Benefit Protection Act; the California Fair Employment and Housing Act, and the California Labor Code;
	any and all claims for violation of the federal, or any state, constitution; 
	any and all claims arising out of any other laws and regulations relating to employment or employment discrimination;
	any claim for any loss, cost, damage, or expense arising out of any dispute over the non-withholding or other tax treatment of any of the proceeds received by Executive as a result of this Agreement; and
	any and all claims for attorney fees and costs.

The Company and Executive agree that the release set forth in this section shall be and remain in effect in all respects as a complete general release as to the matters released.  This release does not extend to any obligations incurred under this Agreement.

	Acknowledgement of Waiver of Claims Under ADEA.  Executive acknowledges that she is waiving and releasing any rights she may have under the Age Discrimination in Employment Act of 1967 ("ADEA") and that this waiver and release is knowing and voluntary.  Executive and the Company agree that this waiver and release does not apply to any rights or claims that may arise under the ADEA after the Separation Date.  Executive acknowledges that the consideration given for this waiver and release Agreement is in addition to anything of value to which Executive was already entitled.  Executive further acknowledges that she has been advised by this writing that:

	she should consult with an attorney prior to executing this Agreement;
	she has up to twenty-one (21) days within which to consider this Agreement;
	she has seven (7) days following her execution of this Agreement to revoke this Agreement;
	this ADEA waiver shall not be effective until the revocation period has expired; and,
	nothing in this Agreement prevents or precludes Executive from challenging or seeking a determination in good faith of the validity of this waiver under the ADEA, nor does it impose any condition precedent, penalties or costs for doing so, unless specifically authorized by federal law.

	Civil Code Section 1542.  Executive represents that she is not aware of any claims against any of the Releasees.  Executive acknowledges that she has been advised to consult with legal counsel and is familiar with the provisions of California Civil Code Section 1542, which provide as follows:

A general release does not extend to claims which the creditor does not know or suspect to exist in her favor at the time of executing the release, which if known by her must have materially affected her settlement with the debtor.

Executive, being aware of this code section, agrees to expressly waive any rights she may have thereunder, as well as under any other statute or common law principles of similar effect.

	No Pending or Future Lawsuits.  Executive represents that she has no lawsuits, claims, or actions pending in her name, or on behalf of any other person or entity, against the Company or any other person or entity referred to herein.  Executive also represents that she does not intend to bring any claims on her own behalf or on behalf of any other person or entity against the Company or any other person or entity referred to herein.

	Application for Employment.  Executive understands and agrees that, as a condition of this Agreement, she shall not be entitled to any employment with the Company, its subsidiaries, or any successor, and she hereby waives any alleged right of employment or re-employment with the Company, its subsidiaries or related companies, or any successor.

	Confidentiality.  Executive agrees to maintain in complete confidence the existence of this Agreement, the contents and terms of this Agreement and the consideration for this Agreement (hereinafter collectively referred to as "Separation Information").  Except as required by law, Executive may disclose Separation Information only to her immediate family members, the Court in any proceedings to enforce the terms of this Agreement, Executive's counsel, her accountant and any professional tax advisor to the extent that they need to know the Separation Information in order to provide advice on tax treatment or to prepare tax returns, and must prevent disclosure of any Separation Information to all other third parties.  Executive agrees that she will not publicize, directly or indirectly, any Separation Information.

	No Cooperation.  Executive agrees that she will not knowingly counsel or assist any attorneys or their clients in the presentation or prosecution of any disputes, differences, grievances, claims, charges, or complaints by any third party against any of the Releasees, unless under a subpoena or other court order to do so.  Executive agrees both to immediately notify the Company upon receipt of any such subpoena or court order, and to furnish, within three (3) business days of its receipt, a copy of such subpoena or court order to the Company.  If approached by anyone for counsel or assistance in the presentation or prosecution of any disputes, differences, grievances, claims, charges, or complaints against any of the Releasees, Executive shall state no more than that she cannot provide counsel or assistance.

	Breach.  Executive acknowledges and agrees that any breach of Section 5 ("Release of Claims"), Section 7 ("Civil Code Section 1542"), or Section 11 ("No Cooperation") by Executive shall constitute a material breach of the Agreement and shall entitle the Company immediately to recover the Separation Payments, signing bonus and other benefits provided in Section 1 hereof.  This provision is not intended to render, and does not render, any other breach of this Agreement immaterial.  

	Non-Disparagement.  Executive agrees to refrain from any defamation, libel or slander of the Company, or tortious interference with the contracts and relationships of the Company.  The senior executive team of the Company (defined as the CEO and his direct reports) shall refrain from any defamation, libel or slander of Executive.  All inquiries by potential future employers of Executive will be directed to the Human Resource Department.  Upon inquiry, the Vice President of Human Resources (or their equivalent) will offer to send a letter of recommendation regarding Executive in the form agreed upon between Executive and Company. Company will also state the following: Executive's last position and dates of Employment, and any other information and/or documentation legally required to be disclosed.  The parties shall also work together to draft a mutually acceptable press release regarding the departure of Executive. Executive shall have the right to approve the press release, which approval shall not be unreasonably or untimely withheld.  
	Non-Solicitation.  Executive agrees that for a period of twelve (12) months immediately following the Separation Date, (i) Executive shall not directly or indirectly solicit, induce, recruit or encourage any of the Company's employees to leave their employment; and (ii) Executive shall not recruit or hire the Company's employees to work for Executive or any other person or entity.

	No Admission of Liability.  The Parties understand and acknowledge that this Agreement constitutes an agreement of the Parties involving the contemplated separation of employment of Executive.  No action taken by the Parties, previously or in connection with this Agreement, shall be construed to be: (a) an admission of the truth or falsity of any claims made, or (b) an admission by either party of any fault or liability whatsoever to the other party or to any third party.

	Costs.  The Parties shall each bear their own costs, expert fees, attorney fees and other fees incurred in connection with this Agreement.  

	Arbitration.  The Parties agree that any and all disputes arising out of, or relating to, the terms of this Agreement, their interpretation, and any of the matters herein released, shall be subject to binding arbitration in Santa Clara County before the American Arbitration Association under its National Rules for the Resolution of Employment Disputes.  The Parties agree that the prevailing party in any arbitration shall be entitled to injunctive relief in any court of competent jurisdiction to enforce the arbitration award.  The Parties agree that the prevailing party in any arbitration shall be awarded its reasonable attorney fees and costs.  This section will not prevent either party from seeking injunctive relief (or any other provisional remedy) from any court having jurisdiction over the Parties and the subject matter of their dispute relating to Executive's obligations under this Agreement and the agreements incorporated herein by reference.

	No Representations.  Each party represents that it has had the opportunity to consult with an attorney, and has carefully read and understands the scope and effect of the provisions of this Agreement.  Neither party has relied upon any representations or statements made by the other party hereto which are not specifically set forth in this Agreement.

	Severability.  In the event that any provision in this Agreement becomes or is declared by a court of competent jurisdiction to be illegal, unenforceable, or void, this Agreement shall continue in full force and effect without said provision so long as the remaining provisions remain intelligible and continue to reflect the original intent of the Parties.

	Entire Agreement.  This Agreement, the Proprietary Information Agreement, and the Stock Agreement represent the entire agreement and understanding between the Company and Executive concerning the subject matter of this Agreement and Executive's relationship with the Company, and supersede and replace any and all prior agreements and understandings between the Parties concerning the subject matter of this Agreement and Executive's relationship with the Company. 

	No Waiver.  The failure of any party to insist upon the performance of any of the terms and conditions in this Agreement, or the failure to prosecute any breach of any of the terms and conditions of this Agreement, shall not be construed as a waiver of such terms or conditions.  This entire Agreement shall remain in full force and effect as if no such forbearance or failure of performance had occurred.

	No Oral Modification.  Any modification or amendment of this Agreement, or additional obligation assumed by either party in connection with this Agreement, shall be effective only if placed in writing and signed by Executive and the Company's Chief Executive Officer.

	Governing Law.  This Agreement shall be governed by the laws of the State of California, without regard for choice of law provisions.

	Effective Date.  This Agreement is effective after it has been signed by both parties and after eight (8) days have passed following the date Executive signed the Agreement (the "Effective Date").

	Counterparts.  This Agreement may be executed in counterparts, and each counterpart shall have the same force and effect as an original and shall constitute an effective, binding agreement on the part of each of the undersigned.

	Voluntary Execution of Agreement.  This Agreement is executed voluntarily and with the full intent of releasing all claims, and without any duress or undue influence by any of the Parties.  The Parties acknowledge that:

	They have read this Agreement;
	They have been represented in the preparation, negotiation, and execution of this Agreement by legal counsel of their own choice or that they have voluntarily declined to seek such counsel;
	They understand the terms and consequences of this Agreement and of the releases it contains; and
	They are fully aware of the legal and binding effect of this Agreement.

 

IN WITNESS WHEREOF, the Parties have executed this Agreement on the dates set forth below.  

 

 

Dated:  August 29, 2007By:/s/ Patrick C. S. Lo

Patrick C. S. Lo

Chairman and Chief Executive Officer

NETGEAR, Inc.

 

 

Dated:  August 29, 2007By:/s/ Deborah A. Williams

Deborah A. Williams, an individual

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