Document:

GigOptix LLC License Agreement dated August 31, 2007

 Exhibit 10.10 
 EXECUTION COPY 
 LICENSE AGREEMENT 
 This License Agreement (the “Agreement”) is made and entered into this 31st day of August, 2007 (the “Effective Date”), by and
between Digimimic S.r.l., a corporation organized and existing under the laws of Italy, with offices located in Rome Italy (legal address yet to be determined) Paolo Tabacco and Gianluca Chiarini (collectively, “Licensee”), and GigOptix
LLC, a company organized under the laws of the State of Idaho and formerly d/b/a iTerra, with offices at 2400 Geng Road, #100, Palo Alto, CA, USA, 94303 (“Licensor”). In consideration of the promises and the mutual covenants contained
herein and for other good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the parties hereto, intending to be legally bound hereby, agree as follows: 
  

	1.	DEFINITIONS 

 In addition to any terms defined
elsewhere in this Agreement each of the following initial capitalized terms used herein shall have the following respective meanings: 
 1.1.
“Communications Market” means optical communications network(s) which are used in production. 
 1.2. “Confidential
Information” means Licensee Confidential Information and Licensor Confidential Information. 
 1.3. “Licensee Confidential
Information” means any and all information and proprietary materials of Licensee which are not publicly known and are in the possession of, or disclosed by Licensee or otherwise made available to or obtained by, Licensor or a representative
of Licensor and relating to Licensee’s business, including (a) any and all trade secrets of Licensee, and (b) any and all information and/or materials regarding the Authorized Products (as defined below in Section 2.1) and/or any
other existing or contemplated products and/or services, designs, technology, processes, technical data, engineering, techniques, methodologies and concepts (and any and all information related thereto) which is proprietary to Licensee and which, in
each instance is/are developed by Licensee after the Effective Date. 
 1.4. “Licensor Confidential Information” means any
and all information and proprietary materials of Licensor which are not publicly known and are in the possession of, or disclosed by Licensor or otherwise made available to or obtained by, Licensee or a representative of Licensee and relating to
Licensor’s business, including (a) the Licensed Materials; (b) any and all trade secrets of Licensor, (c) any and all information and/or materials regarding the Authorized Products (as defined below in Section 2.1) and/or
any other existing or contemplated products and/or services, designs, technology, processes, technical data, engineering, techniques, methodologies and concepts (and any and all information related thereto) which is proprietary to Licensor.

 1.5. “Licensed Materials” means the designs and other information and materials set forth in Exhibit A, in each instance
as the same existed as of the Effective Date, and all Derivatives (as defined in below in Section 2.1) developed by or on behalf of Licensee. 

 1.6. “Intellectual Property Rights” means all proprietary rights, including all patents,
patent rights, patent applications, rights in utility models and industrial designs, utility model applications and industrial design registrations and applications, together with any continuations, continuations-in-part or divisional applications
thereof, mask work rights (regardless of registration), copyrights, copyright registrations, trade secrets, trademarks and service marks and Licensor Confidential Information. 
 1.7 “Testing and Measurement 10 Gb/s Market” means all the equipment relevant to RF, Fiber, Wireless Modem measurement instrumentation
and customized test beds. 
  

	2.	LICENSE GRANT 

 2.1. Subject to the terms and
conditions of this Agreement, Licensor hereby grants to Licensee, and Licensee accepts, for the Term of this Agreement, a non-exclusive, non-transferable right and license to use (at Licensee’s sole cost and expense) the Licensed Materials
and/or Derivatives to design, develop, manufacture, have manufactured, make, have made and/or use semiconductor products, solely for the Testing and Measurement 10 Gb/s Market, of the type disclosed and/or illustrated, as applicable, [by the
portions of the Licensed Materials which are semiconductor designs and that are listed as Part Numbers in the Exhibit A (the “Authorized Products”). Licensee agrees that (a) Licensee shall offer for sale, sell, export and/or
import the Authorized Product(s) which are manufactured or otherwise made pursuant to this paragraph (or any other products developed using of the Licensed Materials) only for use within the Testing and Measurement 10 Gb/s Market, and
(b) Licensee shall not, directly or indirectly, offer for sale, sell, export and/or import any such products in any market, including the Communications Market, other than the Testing and Measurement 10 Gb/s Market. For the avoidance of doubt,
and notwithstanding the foregoing or any other provision to the contrary, (y) Licensee shall have the right to create any improvements, developments, enhancements, modifications, and/or derivative works, whether or not patentable (collectively,
“Derivatives”), of and/or to the Licensed Materials and/or the Authorized Products, and (z) the license granted to Licensee pursuant to the Agreement does not include use of the Licensed Materials and/or any Derivatives thereto
(and in no event shall Licensee use (or permit the use of) the Licensed Materials or any Derivative(s) thereto in any way), in connection with the design, development and/or manufacture of products for any market, including the Communications
Market, other than the Testing and Measurement 10 Gb/s Market. 
 2.2. Four (4) reticule masks have been created on or behalf of
Licensor for use in connection with the manufacture of certain of the Authorized Products (the “Masks”). As of the Effective Date of this Agreement, these masks are located at the WIN and Eudyna foundries. Licensor hereby grants
Licensee the right to use each of the Masks for up to three (3) engineering runs, subject to the license granted pursuant to Section 2.1 above and the other terms and conditions of this Agreement, and further subject to the following:
(a) such Masks may be so used only to the extent that the applicable Mask(s) are available for use at the time which Licensee elects to exercise its right to use the applicable Mask(s), “as is” and at the location where such Mask(s)
are located at the time of such request, and on a schedule to be mutually 

  

 - 2 - 

 
agreed by the parties, provided, however, that Licensor hereby agrees to use reasonable efforts to make such Masks available to Licensee on the schedule
mutually agreed upon by the parties; (b) Licensee must obtain the prior written permission of Licensor to use the Masks for any “tape out” and (c) any use of the Masks by Licensee shall be at Licensee’s sole and exclusive
cost and expense. 
 2.3. Licensor agrees that, upon Licensee’s request at any time during the Term after June 30, 2008, Licensor
will consider any request by Licensee with respect to an expansion of (a) the license set forth in Section 2.1 to the Testing and Measurement 40 Gb/s Market and/or (b) the rights granted under this Agreement for the use of the Masks
for additional engineering runs, and, at time(s) which are mutually agreed upon by the parties, meet to discuss in good faith the possible terms (including compensation to Licensor) of any such requested expansion; provided, however, that the
foregoing shall in no event be deemed to commit Licensor to agree to any such expansion. 
 2.4. Except for the non-exclusive license rights
expressly granted to Licensee under this Agreement with respect to the Licensed Materials as set forth in this Agreement, Licensor hereby reserves for itself and retains all rights in and to its property, including the Licensed Materials, and any
and all Intellectual Property Rights relating thereto. 
  

	3.	RIGHT TO SUBLICENSE; NO IMPLIED LICENSES; INTELLECTUAL PROPERTY RIGHTS NOTICES; OTHER RESTRICTIONS ON USE OF LICENSED MATERIALS; AUDIT 

 3.1. Notwithstanding any provision to the contrary, subject to the other terms and conditions of this Agreement, Licensee shall have the right to
sublicense the license rights, and rights of use of the Masks granted to Licensee under Agreement, for the sole purpose of having its agents and/or contractors exercise Licensee’s rights hereunder solely on Licensee’s behalf to make,
manufacture, design, develop or package any semiconductor products for Licensee. In no event shall the Licensee’s agents and/or contractors make, manufacture, design, develop or package any products under this sublicense for, and/or sell any
products made under this sublicense to, any party other than Licensee. 
 3.2. Except for the licenses expressly granted in this Agreement,
Licensor does not grant to Licensee by implication, estoppel or otherwise any license or other right to any of its intellectual property. In addition, Licensor does not grant any license, release or other right expressly, by implication, by estoppel
or otherwise to any third party. Further, Licensor retains the right to enforce any patents, registered utility models, mask work rights or other Intellectual Property Rights against Licensee to the extent that Licensee is not licensed under this
Agreement. 
 3.3. Licensee shall not use, copy, modify, publish, translate, adapt, enhance, prepare derivative works of, display or
distribute, provide or otherwise make available to any third party, any Licensed Materials, or any copy, adaptation or other derivative work thereof (electronically or otherwise), except as expressly authorized hereunder. Without limiting the
generality of the foregoing, and except as otherwise expressly provided in this Agreement, Licensee shall not sell, assign, sublicense or otherwise transfer or authorize the use of all or any part of the Licensed 

  

 - 3 - 

 
Materials or the license rights granted hereunder to or for the benefit of any person or entity. Except as otherwise expressly provided in this Agreement,
Licensee will not allow the Licensed Materials to be used by, or disclose all or any part of the Licensed Materials to, any person or entity other than Licensee’s employees, contractors or agents (subject to the terms of this Agreement,
including Sections 3.1 and 7) with a need to know (the “Authorized Persons”). Licensee shall cause its Authorized Persons to comply with the non-disclosure and other restrictions and obligations required hereunder and shall be
responsible for the breach thereof by any Authorized Person. 
 3.4. Licensee will not permit the Licensed Materials, in whole or in part, to
be exported or re-exported outside of the United States, in any manner or by any means, without in each instance (a) obtaining the prior approval of the appropriate government authorities of the United States, and, if required, a validated
export license from the Office of Export Administration within the U.S. Department of Commerce, (b) if required, obtaining the prior approval of and/or license(s) from the appropriate governmental authorities of any and all other applicable
countries and (c) otherwise complying with all applicable laws, rules and regulations of the United States and any and all other applicable countries. Licensee will at all times comply with all applicable laws, rules and regulations of the
United States of America and any and all other applicable countries in performing its duties and exercising its rights under this Agreement (including, export control laws of the United States of America). Without limiting any other term or
condition, this Section will survive any termination or expiration of this Agreement. 
 3.5. Licensor reserves the right to audit
Licensee’s use of the items licensed to Licensee pursuant to this Agreement no more than once annually at Licensor’s expense to ensure compliance with the terms and conditions of this Agreement. All audits shall be conducted during regular
business hours at the site(s) of Licensee or its contractor(s) or agent(s), as applicable, and shall not unreasonably interfere with Licensee’s business activities. Licensor shall schedule any audits at least thirty (30) days in advance.

  

	4.	ADDITIONAL OBLIGATIONS OF LICENSOR 

 Licensor will
provide, for no charge other than the payments which Licensee is otherwise obligated to make pursuant to Section 5, and solely to the extent that any of the following exist as of the Effective Date : 
 (a) any then-existing evaluation board(s) for the Authorized Products (the “Evaluation Boards”); 
 (b) any then-existing inventory of Authorized Products and related packaging (the “Inventory”); and 
 (c) the equipment listed in Exhibit B to this Agreement (the “Equipment”). 
  

	5.	ROYALTIES, REPORTS AND AUDIT RIGHTS 

 5.1. Licensee
shall pay to Licensor a royalty equal to ten percent (10%) of the gross revenue and other monetary consideration received by Licensee from any and all disposition of 

  

 - 4 - 

 
Authorized Products (including the Inventory), Derivatives of the Authorized Products or otherwise generated by the use of the Licensed Materials or other
exercise of the licenses or rights granted pursuant to this Agreement (whether by sale, lease, loan or otherwise) (the “Gross Revenues”). For the avoidance of doubt, and notwithstanding the foregoing Gross Revenues do not include
transportation, insurance and/or custom duties if billed separately. 
 5.2. Licensee will pay to Licensor within thirty (30) days after
(a) the end of the three (3) month period beginning on the Effective Date and (b) each subsequent three (3) month period, all royalties due under Section 5.1 for Gross Revenues realized in such three (3) month period.
All payments shall be made to Licensor in U.S. dollars by wire transfer to the bank account which Licensor shall designate in writing from time-to-time for such purpose. 
 5.3. All payments by Licensee under this Agreement shall be free and clear of any deductions for taxes, assessments or other charges except for (a) returns, rebates and chargebacks and (b) retroactive price
reductions. 
 5.4. Licensee shall deliver to Licensor, simultaneously with payment pursuant to Section 5.2, a written statement signed
by a responsible officer of Licensee in such detail as Licensor may reasonably require, showing the Gross Revenues for the applicable three (3) month period and calculation of the payment due. If no payments are due for the applicable three
(3) month period, the report shall so state. 
 5.5. Records and Audit. 
 (a) Licensee shall maintain complete, clear and accurate records sufficient to allow calculation of Gross Revenues and the payment due for each three
(3) month period. Such records shall be maintained for a period of six (6) years after the end of the applicable three (3) month period to which they relate or, in the event of a dispute between the parties, until such dispute is
resolved, whichever date occurs later. 
 (b) Licensee shall permit Licensor or any person designated by Licensor to have access to such
records for the purpose of verifying the amount of payments due Licensor. Licensor shall be responsible for its own costs and expenses in connection with any audit, except that Licensee shall reimburse Licensor for all such costs and expenses of any
audit which determines that Licensee’s actual payments with respect to two out of any four consecutive three (3) month periods were less than the amounts payable according to the audit by an amount that equals or exceeds ten percent
(10%) of the amounts payable according to the audit. 
 5.6. The royalties to be paid hereunder are exclusive of any and all taxes,
levies, duties, import and export charges, or any other form of taxation properly chargeable with respect to this Agreement, the Licensed Materials, and payments made under or pursuant to this Agreement, imposed from time to time by any taxing
authority, which taxes, levies, duties, import and export charges, and fees due pursuant to other forms of taxation will be the responsibility of Licensee, provided however that Licensor will be responsible for any Federal, State, or local
government taxes based on the net income of Licensor. 
  

 - 5 - 

	6.	OWNERSHIP 

 Subject to the rights granted pursuant
to this Agreement, as between Licensee and Licensor, Licensor is and shall at all times remain the sole and exclusive owner of, and shall at all times retain all right, title and interest (including Intellectual Property Rights) in and to:
(i) the Licensed Materials; (ii) any and corrections, modifications, additions, improvements, enhancements, adaptations or derivatives (including derivative works) of or to the Licensed Materials; (iii) all documentation and related
technical information related to the Licensed Materials, (iv) all Licensor trademarks, service marks, trade names, logos or other commercial or product designations used in connection with its products; (v) all Intellectual Property Rights
relating to any of the foregoing and (vi) any and all other non-public, proprietary information provided to Licensee in connection with this Agreement (collectively, the “Licensor Property”). Licensee hereby irrevocably
assigns, and agrees to assign, to Licensor, without further consideration, all right, title and interest Licensee may have in and to any Licensor Property. Licensee further agrees to provide Licensor, at Licensor’s expense, with all reasonable
assistance, if required, in order to effectuate such assignment and for Licensor to register and protect its Intellectual Property Rights in and to the Licensor Property. Licensee will not acquire any intellectual property or other rights, title or
interest in or to, or ownership of, the Licensed Materials or any other Licensor Property, in whole or in part, other than the licenses expressly granted in this Agreement. 
  

	7.	CONFIDENTIALITY 

 Licensee shall hold the Licensor
Confidential Information in trust and confidence, and protect the Licensor Confidential Information from unauthorized dissemination and use. Without limiting the foregoing, Licensee shall use at least those measures that Licensee uses to protect its
own like information, but not less than reasonable care. Licensee will not use the Licensor Confidential Information except as permitted by this Agreement. 
 Licensor shall hold the Licensee Confidential Information in trust and confidence, and protect the Licensee Confidential Information from unauthorized dissemination and use. Without limiting the foregoing, Licensor
shall use at least those measures that Licensor uses to protect its own like information, but not less than reasonable care. Licensor will not use the Licensee Confidential Information except as permitted by this Agreement 
 Notwithstanding the foregoing or any other provision of this Agreement to the contrary, Licensee shall only have the right to sublicense the Licensed
Materials to which it is granted a license hereunder, subject to Section 3.1, to a person or entity with a need to know who/which is hired by Licensee, who/which uses the applicable Licensed Materials (or portions thereof) solely for the
benefit of Licensee, and who/which, prior to accessing any of the Licensed Materials, is legally bound to the terms of a confidentiality agreement which contains non-disclosure and non-use provisions and limitations on use no less restrictive than
those set forth in this Agreement. Except as permitted by the licenses or other rights granted under this Agreement or as required by law or order of any governmental authority (provided that such disclosure will be made only after the disclosing
party has provided the other party with as much notice as is reasonably possible under the circumstances, and in any event under reasonable steps to protect confidentiality, such as a protective order), neither party will disclose to any third
parties the 

  

 - 6 - 

 
other’s Confidential Information without the prior written consent of the other party. Except as expressly provided in this Agreement, no ownership or
license or other right is granted in any Confidential Information. 
  

	8.	DISCLAIMERS 

 8.1. THE LICENSED MATERIALS, MASKS,
EVALUATION BOARDS, INVENTORY AND EQUIPMENT ARE PROVIDED “AS IS” WITHOUT ANY REPRESENTATION OR WARRANTY AND LICENSOR MAKES NO, AND EXPRESSLY DISCLAIMS ANY AND ALL, REPRESENTATIONS AND WARRANTIES, WHETHER EXPRESS OR IMPLIED OR STATUTORY,
INCLUDING ANY IMPLIED WARRANTIES OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE TITLE AND NON-INFRINGEMENT, WITH RESPECT TO THE SUBJECT MATTER OF THIS AGREEMENT. LICENSOR SHALL NOT BE LIABLE FOR ANY LIABILITY OR DAMAGES WITH RESPECT TO ANY
CLAIM BY LICENSEE OR ANY THIRD PARTY ON ACCOUNT OF, OR ARISING FROM, LICENSEE’S USE OF THE LICENSED MATERIALS, THE MASKS, EVALUATION BOARDS, INVENTORY AND EQUIPMENT OR ANY OTHER EXERCISE BY LICENSEE OF ANY LICENSE OR RIGHT GRANTED TO LICENSEE
PURSUANT TO THIS AGREEMENT. 
 8.2. EXCEPT AS SET FORTH IN THE FOLLOWING SENTENCE, IN NO EVENT WILL EITHER PARTY BE LIABLE, UNDER ANY EQUITY,
COMMON LAW, TORT, CONTRACT, ESTOPPEL, NEGLIGENCE, STRICT LIABILITY OR OTHER THEORY, FOR ANY INCIDENTAL, CONSEQUENTIAL, SPECIAL, PUNITIVE, EXEMPLARY OR INDIRECT DAMAGES ARISING OUT OF OR IN CONNECTION WITH THIS AGREEMENT (INCLUDING ANY DAMAGES
RESULTING FROM LOSS OF SALES, BUSINESS, PROFITS, LOSS OF DATA, OPPORTUNITY, ECONOMIC ADVANTAGE OR GOODWILL), EVEN IF THE REMEDIES PROVIDED FOR IN THIS AGREEMENT FAIL OF THEIR ESSENTIAL PURPOSE AND EVEN IF THE APPLICABLE PARTY HAS BEEN ADVISED OF THE
POSSIBILITY OF ANY OF THE FOREGOING DAMAGES. NOTWITHSTANDING THE FOREGOING OR ANY OTHER PROVISION TO THE CONTRARY, THE DISCLAIMER OF LIABILITY IN THE PRECEDING SHALL NOT APPLY TO: (A) CLAIMS BASED ON THE FRAUD, WILLFUL MISCONDUCT, OR GROSS
NEGLIGENCE OF APPLICABLE PARTY; AND/OR (B) MATERIAL BREACH BY LICENSEE OF SECTIONS 2, 3 AND/OR 6; AND/OR (C) MATERIAL BREACH BY LICENSOR OR LICENSEE OF SECTION 7. 
  

	9.	TERM AND TERMINATION 

 9.1. The term of this
Agreement will commence on the Effective Date and, unless earlier terminated in accordance with the provisions of this Agreement, will continue for five (5) years (the “Term”). 
 9.2. A party may terminate this Agreement at any time effective upon delivery of written notice to the other party (the “breaching
party”), in the event the breaching party: commits a material breach of this Agreement which breach is not cured within thirty (30) business days after delivery of written notice of such breach to the breaching party. 
  

 - 7 - 

 9.3. Upon the expiration or termination of this Agreement, (a) all of the licenses and rights
granted to Licensee under Section 2 of this Agreement shall automatically terminate unless agreed otherwise by the Licensor and Licensee; (b) Licensee will immediately cease use of the Licensed Materials and promptly return to Licensor (or
at Licensor’s request, destroy) all copies of the Licensed Materials and all other Licensor Confidential Information, in whatever form or media, which have been communicated to it in the course of the execution of this Agreement, and will
certify to Licensor in writing, by the signature of a duly-authorized representative of Licensee, that it has done so; and (c) Licensor will promptly return to Licensee (or at Licensee’s request, destroy) all Licensee Confidential
Information, in whatever form or media, which have been communicated to it in the course of the execution of this Agreement, and will certify to Licensee in writing, by the signature of a duly-authorized representative of Licensor, that it has done
so. 
  

	10.	GENERAL 

  

	 	10.1.	RELATIONSHIP OF THE PARTIES 

 This Agreement does not
create a fiduciary or agency relationship between Licensee and Licensor, each of which shall be and at all times remain independent companies for all purposes hereunder. Nothing in this Agreement is intended to make either party a general or special
agent, joint venturer, partner or employee of the other for any purpose. 
  

	 	10.2.	GOVERNING LAW; CONSENT TO JURISDICTION 

 This Agreement
shall be governed by and construed in accordance with the laws of the State of California and the laws of the United States, without giving effect to the rules of conflict of laws that would require application of any other law. Licensee and
Licensor each consent to and hereby submit to the non-exclusive jurisdiction of state and federal courts located in the County of Santa Clara, CA in the event of any dispute between the parties. The parties agree to exclude the application of the
United Nations Convention on Contracts for the International Sale of Goods. 
  

	 	10.3.	ENTIRE AGREEMENT; AMENDMENT 

 This Agreement (including the
Exhibits hereto) constitute the entire agreement between the parties with respect to the subject matter hereof, and supersede any prior agreements, understandings or other communications, written or oral, between the parties with respect to the
subject matter hereof, and there are no agreements, understandings, representations or warranties between the parties other than those set forth or referred to herein. This Agreement may not be amended, modified, superseded, canceled, renewed or
extended except by a written instrument signed by the party to be charged therewith. 
  

	 	10.4.	INTERPRETATION 

 For the purposes hereof, (i) the word
“including” and words of similar import when used in this Agreement means “including, without limitation,” unless the context otherwise requires or unless otherwise specified, and (ii) the word “or” shall not be
exclusive. 
  

 - 8 - 

	 	10.5.	COMPLIANCE WITH LAWS 

 The parties shall comply with any
and all import and export regulations and rules now in effect or as may be issued from time to time by the Office of Export Administration of the United States Department of Commerce, governmental authority of the Italian Republic, or any other
governmental authority which has jurisdiction relating to the export of technology. In addition, the parties shall comply with all other laws, rules, regulations and other requirements of all applicable countries and/or applicable governmental
authorities, including those relating to the marking of products with suitable intellectual property rights notices. 
  

	 	10.6.	NOTICES 

 All notices, consents and other communications
required or which may be given under this Agreement will be in writing and will be deemed to have been duly given (a) when delivered by hand; (b) three (3) days after being mailed by registered or certified mail, return receipt
requested; or (c) when received by the addressee, if sent by facsimile transmission or by Express Mail, Federal Express or other express delivery service (receipt requested), in each case addressed to a party at its address set forth on the
first page hereof (or to such other address(es) as such party may hereafter designate as to itself by notice to the other party hereto. 
  

	 	10.7.	ASSIGNMENT 

 Neither party may assign or otherwise transfer
or delegate any of its rights, duties or obligations under this Agreement without the prior written consent of the other party, except (i) either party may, upon written notice to the other party (but without any obligation to obtain the
consent of such other party), assign this Agreement or any of its rights hereunder to any person or entity who succeeds (by purchase, merger, operation of law or otherwise) to all or substantially all of the capital stock, assets or business of such
party, if such person or entity agrees in writing to assume and be bound by all of the obligations of such party under this Agreement and (ii) Licensor may assign the right to monies due or to become due under this Agreement. Any attempted
assignment, transfer or delegation in contravention of this paragraph will be void and of no force and effect. This Agreement shall be binding upon and inure to the benefit of the parties hereto and their respective successors and permitted
assignees. 
  

	 	10.8.	WAIVER; EFFECT OF WAIVER 

 No provision of this Agreement
may be waived except by a written instrument signed by the party waiving compliance. No failure to exercise or delay in exercising on the part of any party hereto any right of such party shall operate as a waiver thereof, nor shall any single or
partial exercise of any right preclude any other or further exercise thereof or the exercise of any other right by such party. 
  

	 	10.9.	SURVIVAL 

 The respective rights and obligations of the
parties under Sections 3.2 through 3.5, Sections 6 through 8, and other Sections which by their nature are intended to extend beyond termination, shall survive the termination of this Agreement. 
  

 - 9 - 

 IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be duly-executed on their behalf as
of the date first written above. 
  

									
	DIGIMIMIC	 		 	GigOptix LLC
					
	By:	 	  
	 		 	By:	 	 /s/ Avi Katz

	Name:	 	  
	 		 	Name:	 	Avi Katz
	Title:	 	  
	 		 	Title:	 	CEO & President
				
	 /s/ Paolo Tabacco
	 		 		 	
	Paolo Tabacco	 		 		 	
				
	 /s/ Gianluca Chiarini
	 		 		 	
	 Gianluca Chiarini
	 		 		 	

  

 - 10 - 

 Exhibit A 
 Authorized Products 
  

	A.	Engineering designs: 

  

	 	1.	As of the Effective Date, all of the following designs are GaAs HBT 1.0um technology based, run by WIN foundry, and are marked as: iTES_PSD12, iTES_PS12, iTES_PS14, iTES__L2S2,
iTES_R2S2, iTES_S2R2, iTEW-R2S2, iTEW_S2L2, iTEW_S2P2, iTES_MX40_V2, iTES_CLKDIV, iTE0_MX21_V1, iTES-MX22, iTES_MX20, iTES-DM41, iTES-CK01, iTES_CK02, iTES-TFFR, iTES-PDM5, iTEW-DFF 

  

	 	2.	As of the Effective Date, all of the following designs are InP HBT 1.0um technology based, run by Eudyna foundry, and are marked as: iTFI_TFV1, iTFI_TFV2, iTFI_DFV1, iTFI_DFV2,
iTFI_DFV3, iTFI_DFV4, iTFI_ANV1, iTFI_ANV2, iTFI_ANV3, iTFI_MXV3, iTFI_MXV2, iTFI_MXV1, iTFI_MXT1, ITFI_MXT2, iTFI_D4V1, iTFI_D4V2 

  

	B.	Designs for the following other parts*: iT4005 (iTEO_DFF), iT4011 (iTES_XOR2), New_iT4021 (iTEW_TFFV1) and iTEW_TFFV2)), iT4031 (iTEO_PDC1), New_iT4031 (iTES_PDL1), iT4032
(iTEO_PDF5), iT3021, iT3022d 

  

	*	The numbers set forth in this Section consist of the following: first, the Licensor part number assigned to the applicable part followed (in parentheses) by the applicable design
number. 

  

 - 11 - 

 Exhibit B 
 Equipment 
 Iterra Communications – s.r.l. 
 Depreciable item list updated up to 30/6/2007 
 Year 2001 
  

			
	11.23/7/01 “Jus informatica” ft. 121	 	Acqu. Nn. 2 p.c. +accessori
		
	3/8/2001 “jus informatica”ft. 131	 	Acqu. Accessori per p.c.
		
	11/9/2001 “Jus informatica”ft. 135	 	Acqu. Accessori per p.c.
		
	10/12/2001 “jus informatica” ft. 218	 	Acqu. Stampante + toner
		
	18/12/2001 “jus informatica” ft. 225	 	Acqu. Nn. 2 computer

 Tot. Computer 2001 : 4 Lap top PC of which one is no longer working and the other was
Fernando’s one and should be in the US. 
 Year 2002 
  

			
	12.5/4/02 “Polzella Emilio” ft. 2185	 	Acqu. Monitor
		
	13.15/4/02 “Computer&Computer-sas” ft. 459	 	Acqu. Nn.2 p.c. + Accessori
		
	14.8/8/02 “iTerra communications llc” (Rif. Lettera di vettura n.4 del 29/7/02)	 	Oscilloscopi e oscillografi
		
	15.30/9/02 “Polzella Emilio” ft. 5633	 	Acqu router adsl

 Tot. Computer 2002 : 
 2 desk top PC 
 2 power supply E3640A 
 4 multimeter 34401A 
  

 - 12 - 

 Year 2003 
  

			
	16.10/2/03 “Computer Age Italia srl”	 	Acqu. Stampante hp Laserjet
		
	17.ft. 321/a	 	
		
	18.23/6/03 “Servizi & Tecnologie srl” ft. 353	 	Acqu. Hard disk per Notebook
		
	19.5/4/02 “Polzella Emilio” ft. 2185	 	Acqu. Monitor
		
	20.28/8/03 “Eprice.it srl” ft. 15292	 	Acqu. Batterie P.C.

 Year 2004 
  

			
	21.27/4/04 “Computer & Computer sas”	 	Acconto Acqu. 4 p.c.
		
	22.ft. 529/a	 	
		
	23.30/4/04 “Computer & Computer sas”	 	Acqu. Nn. 4 p.c.
		
	24.ft. 542	 	
		
	25.7/9/04 “Computer & Computer sas”	 	Acqu. Hard disk
		
	26.ft. 1053	 	
		
	27.3/12/04 “Computer & Computer sas”	 	Acqu. Hard disk
		
	28.ft. 1474	 	
		
	29. 28/10/04 “iTerra communications llc”	 	Strum. Per controllo disposit. A semiconduttori e altri
		
	30.28/10/04 “iTerra communications llc”	 	Parti di strum. Per misura e controllo

 Tot. Computer 2004 : 
 4 desk top PC 
 1 Tektronix Scope TDS6604/TLA624/DG2040 
 1 Infiniium Scope 86100A 
 Year 2005

  

			
	 31.22/3/05 “Computer & Computer sas”
	 	Acqu. N. 1 P.C.
		
	 32.ft. 257
	 	
		
	 33.12/5/05 “Computer & Computer sas”
	 	Acqu. Hard disk
		
	 34.ft. 426
	 	
		
	 35.17/8/05 “CD ROMA 2 srl” ft. 2699
	 	NB FUJITSU-SIEMENS

  

 - 13 - 

 1 Lap top PC 
 Year 2006 
  

			
	36.20/9/06 “Computer & Computer sas”	 	Acqu. N. 1 Notebook+memoria
		
	37.ft. 554	 	
		
	38.20/9/06 “Computer & Computer sas”	 	Acqu. N.2 memorie per pc.
		
	39.ft. 555	 	

 1 Lap top PC 
  

 - 14 -Employment, Confidentiality and Noncompetition Agreement - Avi Katz

 Exhibit 10.23 
 EMPLOYMENT, CONFIDENTIALITY AND NONCOMPETITION 
 AGREEMENT 
 This Employment, Confidentiality and Non-competition Agreement (this “Agreement”) is made and entered into as of the 1st day of January 2008,
by and between GigOptix LLC, an Idaho limited liability company (herein referred to as “Company”), and Avi Katz (“Employee”). 
 A. Effective April 9, 2007, the Company and Employee entered into an Employment,
Confidentiality and Non-competition Agreement (“1st Agreement”) wherein the Employee provided management services to iTerra Communication
LLC (“iTerra Communications”). 
 B. Under the direction of Employee, iTerra Communications was reorganized and all of its assets
were transferred to Company on July 1, 2007. 
 C. Employee and Company desire to
terminate the 1st Agreement and establish this new Agreement to accommodate Employee’s transfer from iTerra Communication to GigOptix on
July 1, 2007 Furthermore, execution of this Agreement shall terminate the 1st Agreement effective April 9, 2007 between Employee and
Company. 
 Therefore, in consideration of the mutual promises and covenants contained in this Agreement, the receipt and legal sufficiency
of which consideration are hereby acknowledged, the parties hereby agree as follows: 
 1. Term. 
 a) Term. Company hereby employs Employee on a full time basis to serve as Chief Executive Officer (CEO) & President of the
Company effective Monday, July 1st, 2007, subject to the terms and conditions herein. 
 b) Duties and
Responsibilities. Employee shall report to the Company’s Chairman of the Board and Management Board. The Employee shall have each and all of the duties and responsibilities of the CEO & President position, as set forth in
Attachment B, which is incorporated in its entirety herein, and such other duties on behalf of the Company as may be reasonably assigned, and mutually agreed by and with Employee, from time to time by Company’s Management Board (it being
acknowledged by the Company that Employee may terminate this Agreement for Good Reason in accordance with Section 4(c) herein in the event he does not so mutually agree). 
 2. Employee Performance. Employee accepts employment with Company on the terms and conditions provided in this Agreement. Employee
recognizes Employee owes to Company duties of loyalty, fidelity and obedience in all matters pertaining to such employment. Employee shall serve Company diligently and faithfully, shall timely perform all duties to the best of Employee’s
ability and in compliance with Company’s reasonable standards of performance, and shall devote Employee’s time and best efforts to the conduct of Company’s business. Company acknowledges that from time to time persons in the High-Tech

  

			
	EMPLOYMENT, CONFIDENTIALITY AND NONCOMPETITION AGREEMENT	  	1

 
industry, in particular, but not limited to, the semiconductor, eCommerce, software and security, and in the real-estate industry, seek Employee’s
advice or consultation. Provided that Employee does not disclose Confidential Information to such persons or intentionally act against Employer’s interests, the Executive may provide such advice or consultation if it does not materially
interfere with Executive’s duties hereunder. 
 Notwithstanding the foregoing, the parties of this Agreement recognize
and agree that the Employee may engage in passive personal investments and other business activities which do not conflict, directly or indirectly, with the business affairs of the Company or interfere with Employee’s performance of
Employee’s duties and responsibilities hereunder. In that regard, Employee may serve on the Board(s) of Directors or Management Board(s) of up to three (3) external companies of Employee’s choice, unless larger number is approved by
the iTerra Board of Management, so long as service on any of such Boards simultaneously with Employee’s service for the Company does not conflict or interfere with performance of Employee’s duties and responsibilities hereunder.

 3. Compensation. In consideration for the services of Employee rendered to Company pursuant to the terms of this Agreement,
and subject to the full material performance of Employee’s obligations hereunder, Employee shall receive compensation and benefits as follows: 
 a) Base Salary. Employee shall be paid a base salary (“Base Salary”) at the annual rate of $300,000, payable in bi-weekly installments consistent with Company’s payroll practices. 
 b) Additional Incentive. Effective July 1st, 2007, Employee will receive two option grants, one to purchase three hundred and twenty five thousand (325,000) Membership Units of GigOptix, and a second to purchase One
Million (1,000,000) Membership Units of GigOptix in accordance with the Company’s Equity incentive Plan. The exercise price of both grants is $0.10 per unit. Vesting on the options to purchase 325,000 Membership Units will be based on
performance objectives as established by the GigOptix Management Board for the 2007 period and Fund raising performance for the 2008 period. This option grant will also include an extension of the 90 days exercise period after termination as defined
by the plan to five (5) years in recognition of participation in the 2007 Management Board without compensation. Vesting on the option to purchase 1,000,000 Membership Units will be pro-rated based on monthly continuous service over four
(4) years and the exercise period after termination will be the standard 90 days, unless Management Board will approve different period. 
 c) Payment. Payment of all compensation to Employee hereunder shall be made in accordance with the relevant Company policies in effect from time to time, including normal payroll practices, and shall be subject
to all applicable employment and withholding taxes. 
 d) Business Expenses. Upon submission of itemized expense
statements in the manner specified by the Company, Employee shall be entitled 

  

			
	EMPLOYMENT, CONFIDENTIALITY AND NONCOMPETITION AGREEMENT	  	2

 
to direct payment and reimbursements for reasonable travel and other reasonable business expenses duly incurred by Employee in the performance of his duties
under this Agreement. Acceptable expenses will include, but are not limited to, charges for meals, Company employee or customer entertainment, bridge tolls, lodging, air and ground transportation, cell phone, telephone, computer and broadband
internet services provided such are used for business purposes. 
 e) Benefits Plans. Employee shall be eligible to
participate in the Company’s benefit plans including, but not limited to, medical and dental plans, life and disability insurance plans and retirement plans, pursuant to their terms and conditions. Nothing in this Agreement shall preclude the
Company from terminating or amending any existing employee benefit plan or program from time to time, provided, however, the Company agrees to provide Employee during the term of this Agreement with health, medical, dental, and disability insurance,
equivalent in cost and benefits to Employee, to that provided Employee as of the date of this Agreement. The Company further agrees it shall be responsible for any additional incremental costs associated with providing such equivalent insurance
benefits and will pay, or reimburse Employee for, all such incremental additional costs. 
 f) Vacation. Employee shall
be entitled to participate in the Company’s vacation plan and holiday plan, as long as the scheduling of Employee’s vacation does not interfere with the Company’s normal business operations. 
 4. Termination of Employment. Termination of employment will be subject to the following terms and conditions. 
 a) Termination For Cause. Notwithstanding anything herein to the contrary, the Company may terminate Employee’s employment
hereunder “For Cause” for any one of the following reasons: 
 i. The Employee’s willful harmful actions which
do or are likely to result in material damage or embarrassment to Company, the Company’s reputation, or the Company’s legitimate business interests; 
 ii. The Employee’s continued failure to follow the express direction and approved Resolutions of the Company Management Board,
following at least 60 days written notice. 
 iii. Commission of any act of fraud or falsification of any employment or
Company records in any material way; 
 iv. The Employee’s abuse or illegal use of alcohol or other drugs or controlled
substances; 
 v. The Employee’s material breach of any of the terms or conditions of this Agreement, which breach is not
cured within thirty (30) days following written notice from Company of such breach; 
  

			
	EMPLOYMENT, CONFIDENTIALITY AND NONCOMPETITION AGREEMENT	  	3

 vi. Employee’s conviction of or entry of a guilty plea or plea of no contest with
respect to a felony, including theft, embezzlement or misappropriation of funds from the Company; or 
 vii. Voluntary
resignation of the Employee in the absence of Good Reason as defined in Section 4 (c) of this Agreement. 
 Upon
termination of Employee’s employment with Company For Cause, the Employee shall not be entitled to the Termination Benefits in Section 4(d) of this Agreement. Company shall have no further obligation under this Agreement other than payment
of accrued but unpaid Base Salary, vacation and bonus. [For Cause and Termination Benefits are defined terms.] 
 b)
Termination Without Cause. The Company may terminate Employee’s employment hereunder at any time without cause, provided, however, that Employee shall be entitled to the Termination Benefits set forth in Section 4(d) of this
Agreement. 
 c) Termination for Good Reason. Employee may terminate his employment with the Company for Good Reason
(as herein defined). If Employee terminates his employment with the Company for Good Reason (as herein defined), he shall be entitled to the Termination Benefits set forth in Section 4(d). For purposes of this Agreement, “Good Reason”
shall mean any of the following: (i) any material breach by the Company of this Agreement, which breach is not cured within thirty (30) days following written notice from Employee of such breach; or (ii) any significant change in the
Employee’s duties and responsibilities, without mutual agreement between Employee and Company. 
 d) Termination
Benefits. If the Employee is terminated at any time during his employment under the provisions of 4(b) or 4(c), upon mutual execution of valid and comprehensive release of any and all claims between them, including an agreement by Company to
indemnify, hold harmless and defend Employee against any and all existing claims or claims, other than for his gross negligence, fraud, willful misconduct, that may be filed by third parties, including government agencies, naming Employee as a
defendant either as an individual or as the President & CEO of the Company, the Employee shall receive “Termination Benefits” as follows: 
 1. 500,000 Membership Unit Options of the 1,000,000 Option Grant identified in Section 3(b) herein from the date of termination of employment shall immediately vest and be granted an exercise period of five
(5) years. The 500,000 Membership Unit Options subject to this Section 4(d) (1) shall not apply to any Membership Unit Options that have been forfeited in accordance with the Equity Incentive Plan and the respective Membership Unit
Option Grant Notice and shall be first allocated from any vested Membership Unit Options issued under Section 3(c) of this Agreement, and shall then be allocated to any unvested Membership Unit Options issued under Section 3(c) of this
Agreement; 
  

			
	EMPLOYMENT, CONFIDENTIALITY AND NONCOMPETITION AGREEMENT	  	4

 2. One hundred percent (100%) of the remaining 325,000 Membership Unit Option Grants, excluding any
Option that have been forfeited in accordance with performance objectives, shall immediately vest and be granted an exercise period of five (5) years; and 
 3. One time lump-sum payment, equivalent to twelve (12) months Base Salary pursuant to Section 3(a) herein, paid on the date of termination of Employee. This Section 4(d)(3) shall terminate on
January 1, 2013. 
 e) Cooperation. After notice of termination, Employee shall cooperate with the Company, as
reasonably requested by the Company, to effect a transition of Employee’s responsibilities and to ensure that the Company is aware of all matters being handled by the Employee. 
 f) Disability of Employee. The Company may terminate this Agreement without liability, if Employee shall be permanently prevented
from properly performing his essential duties hereunder with reasonable accommodation by reason of illness or other physical or mental incapacity for a period of more than one hundred twenty (120) consecutive days. Upon Employee hire date the
Company will obtain a one (1) year Disability insurance policy effective the determined date of disability as described below. Employee will have the opportunity to review and acknowledge the Company proposed insurance policy. Upon mutual agreement
between Employee and the Company, the Company will purchase the mutually agreed one (1) year Disability policy. A medical doctor selected by written agreement of the Employer and the Employee upon the request of either party by notice to the other
will determine the disability of Employee. If the Employer and Employee cannot agree on the selection of a medical doctor, each of them will select a medical doctor and the two medical doctors will select a third doctor who will determine whether
the Employee has a disability. The determination of the medical doctor selected under this Section 4(f) will be binding on both parties. The Employee must submit to a reasonable number of examinations by the medical doctor making the determination
of disability under this Section 4(f), and Employee hereby authorizes the disclosures and release to the Employer of such determination and all supporting medical records. If the Employee is not legally competent, the Employee’s legal guardian
or duly authorized attorney-in-fact will act in the Employee’s stead, under this Section 4(f), for the purposes of submitting the Employee to the examinations, and providing the authorization of disclosure, required under this Section 4(f).
Upon such termination, Employee shall be entitled to all accrued but unpaid Base Salary, accrued bonus (if any) and accrued vacation. 
 g) Death of Employee. In the event of the death of Employee, the Company’s obligations hereunder shall be automatically cease and terminate; provided, however, that within 15 days the Company shall pay to
Employee’s heirs or personal representatives Employee’s accrued but unpaid Base Salary and accrued vacation accrued to the date of death. 
  

			
	EMPLOYMENT, CONFIDENTIALITY AND NONCOMPETITION AGREEMENT	  	5

 5. Confidential Information. 
 a) Definition of Confidential Information. The Company has built up an established and extensive trade and reputation in its’
respective industries. The Company has developed and continues to develop commercially valuable technical and non-technical information (“Confidential Information”) that is proprietary and confidential and constitutes the Company’s
“trade secrets” within the meaning of the Idaho Trade Secrets Act, Idaho Code Sections 48-801 - 48-807. Such Confidential Information, which is vital to the success of the Company’s business, includes, but is not necessarily limited
to: programs, computer programs, system documentation, data compilations, manuals, methods, techniques, processes, patented and/or unpatented technology, research, know-how, development, designs, devices, inventions, the identities of Company’s
customers, Company’s suppliers, contracts with suppliers and customers, sales proposals, pricing policies, cost information, financial information, business plans, specialized requests of Company’s customers, and other materials and
documents developed by Company. Confidential Information also includes special hardware, product hardware, related software and related documentation, either owned by Company or in Company’s possession under an agreement of nondisclosure.
Through Employee’s employment, Employee may become acquainted with or contribute to the Company’s Confidential Information through inventions, discoveries, improvements, software development, and/or in other ways. Confidential Information
does not include customer names, programs, reports or other improvements to documentation, which were owned by Employee prior to being employed by Company. Further, Confidential Information does not include information (i) that was in the
public domain at the time of initial disclosure by or enters the public domain thereafter through no fault of Employee; (ii) that was already in the possession of Employee at the time of the initial disclosure and not subject to any other
nondisclosure obligations; (iii) that is independently developed by Employee, outside the term of his employment with the Company, without access to the subject Confidential Information; (iv) that is received by Employee from a third party
with no confidential restrictions; or (v) for which disclosure is compelled by a judicial or other governmental order, provided Employee provides Employer with prompt notice of such order before disclosure. 
 b) Employee Access to Confidential Information. As President & CEO of Company, Employee will need broad access to
Company’s Confidential Information. Employee agrees that to the extent reasonably possible he will limit access to said Confidential Information under his control only to Company’s other employees whose job functions reasonably necessitate
access to such Confidential Information and to third parties only on a need to know basis. 
 c) Nondisclosure of
Confidential Information. Employee shall not, at any time, either during or subsequent to employment, directly or indirectly, appropriate, disclose or divulge any Confidential Information to any person not then employed by Company or any of
DBSI’s affiliates, unless authorized or directed to do so by Company. Regarding all other third parties, Employee shall use good practices to ensure that a signed confidentiality agreement for the 

  

			
	EMPLOYMENT, CONFIDENTIALITY AND NONCOMPETITION AGREEMENT	  	6

 
benefit of Company is or has been obtained from the third party to whom Confidential Information is being disclosed and that all Confidential Information so
disclosed is clearly marked “Confidential.” 
 d) Return of Confidential and Other Information. All
Confidential Information provided to Employee, and all documents and things prepared by Employee in the course of Employee’s employment by Company, including but not necessarily limited to correspondence, drawings, blueprints, manuals, letters,
notes, lists, notebooks, reports, flow-charts, computer programs, proposals, Day Timers, planners, calendars, schedules, discs, data tapes, financial plans and information, business plans, and other documents and records, whether in hard copy,
magnetic media or otherwise, and any and all copies thereof, are the exclusive property of Company and shall be returned immediately to Company upon termination of employment or upon Company’s request at any time. 
 e) Ownership of Confidential Information. Employee hereby grants to Company, and Company hereby accepts, the entire right, title,
and interest of Employee in and to any of the Confidential Information created or developed by Employee during the term of his employment (whether created or developed within or outside the course and scope of Employee’s employment by Company),
including, but not limited to, all patents, copyrights, trade secrets, and other proprietary rights in or based on the Confidential Information. If the Confidential Information or any portion thereof is copyrightable, it shall be deemed to be a
“work made for hire,” as such term is defined in the copyright laws of the United States. Employee shall cooperate with Company or its designees and execute assignments, oaths, declarations, and other documents prepared by Company, to
effect the terms of this Section 5(e) or to perfect or enforce any proprietary rights resulting from or related to this Agreement. Within reason and in accordance with industry practice, such cooperation and execution shall be at no additional
compensation to Employee; provided, however, Company shall reimburse Employee for reasonable out-of-pocket expenses incurred at the specific request of Company, 
 6. Non-competition Obligations. During Employee’s employment with Company, and for a period of twelve (12) months immediately following termination (the “Non-competition Obligation”)
of such employment, Employee will not, directly or indirectly, at any place in the world, engage or become interested (as owner, stockholder, partner, director, officer, member, creditor, consultant, or employee) in any business in competition with
the business conducted by Company at any time during Employee’s employment with Company. Employee acknowledges that Company is doing business throughout the world, that Employee is reasonably expected to have contact with Company’s
customers throughout the world during the term of Employee’s employment with Company, and that the worldwide geographic scope of this covenant is reasonably necessary to protect Company’s legitimate business interests. 
 7. Customer Non-Solicitation. Employee will not, during the term of employment with Company and for a period of twelve (12) months
immediately following termination of employment, solicit, divert, take away from the 

  

			
	EMPLOYMENT, CONFIDENTIALITY AND NONCOMPETITION AGREEMENT	  	7

 
Company, or attempt to solicit, divert or take away, any of Company’s customers with related business or the related business or patronage of any such
customers, either for himself or on behalf of any other person, partnership, corporation or other entity. This restriction against solicitation shall apply only to solicitations, which directly or indirectly compete with the business of the Company
that Company is/was engaged in while Employee worked for Company. 
 8. Co-Emplovee Non-Solicitation. Employee will not, during
the term of employment with Company and for a period of twelve (12) months following the termination of such employment for any reason, solicit, recruit and hire any other employee of Company, either for himself or on behalf of any other
person, partnership, corporation or other entity. 
 9. Enforcement. 
 a) Reasonableness of Restrictions. Employee and Company acknowledges that compliance with this Agreement is reasonable and
necessary to protect both parties’ legitimate business interests, including but not limited to both parties’ goodwill. 
 b) Irreparable Harm. Employee and Company acknowledges that a breach of either party’s obligations under this Agreement will result in great, irreparable and continuing harm and damage to the other party for which there is no
adequate remedy at law. 
 c) Injunctive Relief. Employee agrees that in the event Employee breaches this Agreement,
Company shall be entitled to seek, from any court of competent jurisdiction, preliminary and permanent injunctive relief to enforce the terms of this Agreement, in addition to any and all monetary damages allowed by law, against Employee. Further,
Company agrees that in the event Company breaches this Agreement, Employee shall be entitled to seek, from any court of competent jurisdiction, preliminary and permanent injunctive relief to enforce the terms of this Agreement, in addition to any
and all monetary damages allowed by law, against Company. 
 d) Extension of Covenants. In the event Employee violates
any one or more of the covenants contained in Sections 6 through 8 of this Agreement, Employee agrees that the running of the term of each covenant so violated shall be tolled during the period(s) of any such violation and the pendency of any
litigation arising out of any such violation. Further, in the event Company violates any one or more of the covenants contained in Sections 6 through 8 of this Agreement, Company agrees that the running of the term of each covenant so violated shall
be tolled during the period(s) of any such violation and the pendency of any litigation arising out of any such violation. 
 e) Judicial Modification. The parties have attempted to limit the Employee’s right to compete only to the extent necessary to protect Company from unfair business practices and/or unfair competition. The parties recognize,
however, that reasonable people may differ in making such a determination. 

  

			
	EMPLOYMENT, CONFIDENTIALITY AND NONCOMPETITION AGREEMENT	  	8

 
Consequently, the parties hereby agree that, if the scope or enforceability of the restrictive covenant is in any way disputed at any time, a court or other
trier of fact may modify and enforce the covenant to the extent that it believes to be reasonable under the circumstances existing at that time. 
 f) Attorney Fees. In the event it becomes necessary for either party to this Agreement to institute a suit at law or in equity for the purposes of enforcing any of the provisions of this Agreement, the
prevailing party shall be entitled to recover said party’s reasonable attorney’s fees, plus court costs and expenses, from the non-prevailing party. 
 g) Withholding from Final Paycheck. If not prohibited by federal, state or local laws, Employee expressly authorizes Company to
withhold and deduct from Employee’s final wages any amounts owed by Employee to Company at the time of the termination of employment, including but not limited to the value of unreturned or willfully damaged Company property. Employee further
expressly agrees to repay to Company any additional agreed-upon sums owed by Employee to Company (above that which can be withheld) immediately upon termination of Employee’s employment. 
 h) Alternative Dispute Resolution. In the event a dispute between the parties arises under this Agreement, prior to filing an
action of any kind each Party agrees to mediation of the dispute or disputes and shall participate in good faith. The mediation shall be conducted by a professional neutral mediator under the Mediation Rules of the American Arbitration Association
but not necessarily in that forum. 
 10. Indemnity. Employee warrants and represents that Employee has not knowingly and
intentionally violated, is not knowingly and intentionally violating, and will not knowingly and intentionally violate any of the terms or conditions of any prior employment agreement, restrictive covenant, or other similar agreement entered into by
Employee while in the employment of any other company; that Employee has not knowingly and intentionally given and will not knowingly and intentionally give to the Company at any time any customer list, trade secret, or any other item of
confidential information, obtained or received while in the employment of any other company in violation of any employment agreement, restrictive covenant or similar agreement entered into while in the employment of any other company; that, to the
best of Employee’s knowledge. Employee’s employment with the Company as contemplated and provided for hereby is not materially restricted or materially limited in any way by any such employment agreement or restrictive covenant or by
operation of any state, federal or local regulation, statute or other law of any kind, name or nature, including but not limited to trade secret laws and immigration laws; and that Employee is in all respects duly qualified and eligible to work for
the Company. In the event of a final legal adjudication (after exhausting any right of appeal) of Employee’s material violation of one or more of the warranties or representations set forth above in this section, Employee agrees to indemnify
the Company for all damages, costs and expenses, including reasonable attorney fees, which the Company may have to pay in connection with a legal or administrative action against the Company or 

  

			
	EMPLOYMENT, CONFIDENTIALITY AND NONCOMPETITION AGREEMENT	  	9

 
Employee arising there from; provided, however, in the event any damages, costs and expenses are incurred by the Company for which Employee is otherwise
obligated to indemnify the Company are covered under any insurance policy or policies of the Company, then the Company shall be obligated to exhaust all available insurance as a condition to the exercise of its right of indemnification hereunder
(and the Company waives all rights of subrogation in connection therewith) and Employee’s indemnification obligation hereunder shall be reduced in proportion to the extent of such insurance. Company warrants and represents it has no knowledge
as of the date hereof that Employee is or may become in violation of any of the warranties and representations made by him above. 
 11.
Miscellaneous. 
 a) Survival. Employee understands that this Agreement shall be effective as of the date
first written above and that the terms of this Agreement shall remain in full force and effect not only during the continuation of Employee’s employment, but also after the termination of employment for any reason by Company or Employee.

 b) Waiver. Failure of the Company or Employee to exercise or otherwise act with respect to any of its rights under
this Agreement shall not be construed as a waiver of any breach, nor prevent the Company or Employee from thereafter enforcing strict compliance with any and all terms of this Agreement. 
 c) Severability. If any part of this Agreement shall be adjudicated to be invalid or unenforceable, as to duration, territory or
otherwise, then such part shall be deemed deleted from this Agreement or amended, as the case may be, in order to render the remainder of this Agreement valid and enforceable. 
 d) Agreement Binding. This Agreement shall be binding upon and inure to the benefit of Company, Company’s successors and
assigns, Employee and Employee’s heirs, executors, administrators and legal representatives. 
 e) Governing Law.
This Agreement is made and entered into in the State of California, where Company has its principal place of business, and concerns employment situated in said state. This Agreement shall be interpreted and construed in accordance with the laws of
the State of California. 
 f) Titles and Captions. All section and paragraph titles and captions contained in this
Agreement are for convenience only and shall not be deemed part of the context nor affect the construction or interpretation of this Agreement. 
 g) Entire Agreement. This Agreement, which includes all Attachments incorporated herein and attached hereto, contains all the understandings and agreements between the parties concerning matters set forth in
this Agreement. The terms of this Agreement supersede any and all prior statements, representations and agreements by or between Company and Employee, or either of them, concerning the matters set forth in this Agreement. 

  

			
	EMPLOYMENT, CONFIDENTIALITY AND NONCOMPETITION AGREEMENT	  	10

 
Employee acknowledges that no person who is an agent or employee of Company may orally or by conduct modify, delete, vary, or contradict the terms or
conditions of this Agreement or this paragraph. This Agreement may be modified only by a written agreement signed by both parties. 
 h) Separate Counsel. Company’s attorneys have not represented Employee, and Employee has been advised that it is important for him to seek legal advice and representation in this matter. 
 The parties acknowledge and agree that they have read and understood the entire contents of this Agreement and Employee acknowledges that he has
received a copy of this Agreement. 
  

			
	Company:
	
	GigOptix LLC,
	a California limited liability company
	
	 /s/ Paul Judge

	By:	 	Paul Judge
	Its:	 	Compensation Committee Member, and Member of the Management Board
	
	Employee:
	
	 /s/ Avi Katz

	Avi Katz

  

			
	EMPLOYMENT, CONFIDENTIALITY AND NONCOMPETITION AGREEMENT	  	11

 ATTACHMENT “A” 
 MANAGEMENT BY OBJECTIVES (MBO’S) 
 Upon execution of this Agreement, Employee and Company shall
mutually establish and confirm through a Company Management Board Resolution the following fair and reasonable goals (MBO’s) which, when met, shall remove restrictions on certain Company Membership Units, related in Section 3(b) of this
Employment, Confidentiality and Non-Competition Agreement: 
  

	 	•	 	 250,000 Restricted Membership Unit grants with 2007 MBO and grant restrictions to be mutually determined between the Management Board and Employee.

  

	 	•	 	 75,000 restricted Membership Unit grants with completion of fund raising, with Management Board approval, during 2007 & 2008, which does not include the
2007 approved Financial Plan or funds approved in association with the acquisition of Helix AG. 

  

			
	EMPLOYMENT, CONFIDENTIALITY AND NONCOMPETITION AGREEMENT	  	12

 ATTACHMENT “B” 
 CEO & President Duties and Responsibilities 
 1. Employee shall report directly to Company’s Management Board.
Employee shall own all responsibilities for leading, planning, driving and executing all vision and business initiatives of the Company, working under the general directions and guidelines of the Board which will make assignments in terms of broadly
defined missions. 
 2. Employee shall provide leadership, experience and corporate governance required to transform the vision and product offerings of
Company into a growing profitable business with the goal of maximizing’ ROI. 
 3. Employee’s key responsibilities include: 
 a. The initial responsibility of Employee is to immediately commence an assessment of the viability of the Company and the likelihood of future growth
under the current or other strategic plans, based on the quality and differentiation of its technology, and the preparation of a recommendation to the Board to proceed toward fund raising and growth or other potential plans in the best interest of
the Company’s Members. 
 b. If the Board determines the direction the Company shall take under the MBO’s above, Employee shall
develop a new business model accordingly, such as to execute the transition from a customer NRE-focus company to a company with a product portfolio focused on profitable reoccurring product revenue. 
 c. In any decision scenario, Employee shall develop clear and precise business plans with appropriate strategies, objectives, initiatives, and indicator
measurements. He shall maintain focus and guide the Company’s employees to consistent execution of approved business plans, as approved by the Board, reporting to the Board both quarterly and annually. 
 d. Employee shall be responsible for building a strong, professional and highly motivated Executive Team, including new executives, with Board
involvements and approval, all of whom are capable of contributing to the Company goal of sustained and profitable growth. 
 e. Employee
shall articulate and implement the Company’s vision to create a business plan, goals, and objectives that will evolve with continued growth of profitability by balancing technical and business resources. 
 f. Employee shall lead Company toward the achievement of aggressive sales growth targets for 2007, 2008 and beyond by rapidly penetrating target customer
accounts and markets while establishing competitive barriers for entry, producing a product roadmap and driving new product and technology introductions to address expanding market opportunities using strong domestic and international industry
relationships as leverage into sales, particularly with line card providers and system integrators, as well as with OEM partners. 
  

			
	EMPLOYMENT, CONFIDENTIALITY AND NONCOMPETITION AGREEMENT	  	13

 g. Employee shall seek adequate funding sufficient to meet Company objectives: to grow the business, as
per mutually agreed upon guidelines between the Employee and the Board. The employee will work with the current investors to lead a broad and successful fund raising process. 
 h. Employee shall develop Business Plans with measurable initiatives and strategies that are aligned. These Business Plans will be professionally
presented to the Board, and in some cases involve the Board prior to presentation, for formal Board approval. The Board for consistent execution of approved Business Plans, relative initiatives, and MBO’s will hold Employee and his team
accountable. Employee will be pro-active involving the Board when Business Plans appear not to be achieved and thus developing a new course of execution pro-actively and achieve Board approval of revised Business Plans. 
 i. Employee shall build a company culture of excellence based on performance, integrity, accountability, customer service, teamwork, candor and respect
for others (Live, Love, Learn, Leave a Legacy). 
 j. Employee shall seek to expand Company’s intellectual property portfolio, and
secure all existing IP. He will also work with the investor’s legal department to secure existing IP under appropriate patents, and to survey the IP market for potential infringements on the company’s IP, as well as potential infringements
of the company on existing IP. 
 k. Help to expand and strengthen the Board by recommending and recruiting, with the Board, new members
including representatives of industry and the relevant professions. 
 l. Work with the Board to develop valuation strategies, which would
achieve a value return to investors and shareholders. 
 This CEO & President Duties and Responsibilities are considered a “working
document” that may change from time to time and in such event will be documented and mutually agreed between Employee and Board. 
  

			
	EMPLOYMENT, CONFIDENTIALITY AND NONCOMPETITION AGREEMENT	  	14

 GIGOPTIX LLC 
 EQUITY INCENTIVE PLAN 
 OPTION GRANT NOTICE 
 GigOptix LLC, (the “Company”) pursuant to its Equity Incentive
Plan (the “Plan”), hereby grants to Optionholder an option to purchase the number of the Company’s Units set forth below. This option is subject to all of the terms and conditions as set forth herein and in the Unit Option Agreement,
the Plan, the Notice of Exercise and the Company’s Operating Agreement (the “Operating Agreement”). The Unit Option Agreement, the Plan, the Notice of Exercise and the Operating Agreement are attached hereto and incorporated herein
their entirety. 
  

			
	Optionholder:	  	Avi Katz
		
	Date of Grant:	  	August 1, 2007
		
	Date Option Rights are Terminated if Not Exercised*:	  	August 1, 2017
		
	Number of Units Subject to Option:	  	1,000,000
		
	Exercise Price (Per Unit):	  	$0.10
		
	Total Exercise Price:	  	One Hundred Thousand Dollars ($100,000)
		
	Exercise Schedule:	  	Same as Vesting Schedule

 Vesting Schedule: Options vest at the rate of  1/4 the first year based on the anniversary of the Grant date and at a rate of one thirty-sixth ( 1
/36) of the remaining units per month over the remaining three years. 
  

			
	 Date of Vesting
	  	 Number of Unit Options that can be Exercised

	August 1, 2008	  	250,000
		
	First of each month thereafter through December 31, 2011	  	Contact your Plan Administrator for your current vested amount

  

	*	Option may terminate on earlier events, such as termination of Continuous Service, Optionholder’s Disability or Death. See the Unit Option Agreement and the Plan for further
details. 

 Payment: By cash or check 
 Confidentiality: The undersigned Optionholder acknowledges and agrees that the information contained in this Option Grant Notice shall remain confidential and Optionholder shall not divulge or reveal, either directly or indirectly,
the amount or extent of equity or options granted herein or any other material term to any other co-worker, employee or third party (other than a license professional advisor) without the express written consent of the Company. Any breach of this
confidentiality agreement may result in complete forfeiture of the option or equity. 
 Additional Terms/Acknowledgments: Options shall not be exercised
prior to January 1, 2008. The undersigned Optionholder acknowledges receipt of, and understands and agrees to, this Option Grant Notice, the Unit Option Agreement, the Plan and the Operating Agreement. Optionholder further acknowledges that
as of the Date of Grant, this Option Grant Notice, the Unit Option Agreement, the Plan and the Operating Agreement set forth the entire understanding between the Optionholder and the Company regarding the purchase of Units in the Company.
Optionholder also agrees to execute all such further documentation as the Board of Managers may reasonably require. 
  

											
	GIGOPTIX LLC:	 		 		 	OPTIONHOLDER:	 	
						
	By:	 	 /s/ Paul F. Judge
	 	Date: 3/26/08	 		 	 /s/ Avi Katz
	 	Date: 3/26/08
		 	Paul F. Judge, Management Board Member	 		 		 	(Name)	 	

 ATTACHMENTS: Unit Option Agreement, Plan, Notice of Exercise, Operating Agreement and
Memorandum to Plan Participants. 

 GIGOPTIX LLC 
 EQUITY INCENTIVE PLAN 
 OPTION GRANT NOTICE 
 GigOptix LLC, (the “Company”) pursuant to its Equity Incentive
Plan (the “Plan”), hereby grants to Optionholder an option to purchase the number of the Company’s Units set forth below. This option is subject to all of the terms and conditions as set forth herein and in the Unit Option Agreement,
the Plan, the Notice of Exercise and the Company’s Operating Agreement (the “Operating Agreement”). The Unit Option Agreement, the Plan, the Notice of Exercise and the Operating Agreement are attached hereto and incorporated herein
their entirety. 
  

			
	Optionholder:	  	Avi Katz
		
	Date of Grant:	  	August 1, 2007
		
	Date Option Rights are Terminated if Not Exercised*:	  	August 1, 2017
		
	Number of Units Subject to Option:	  	325,000
		
	Exercise Price (Per Unit):	  	$0.10
		
	Total Exercise Price:	  	Thirty Two Thousand Five Hundred Dollars ($32,500)
		
	Exercise Schedule:	  	Same as Vesting Schedule except that no units can be exercised prior to January 1, 2008.
		
	Exercise Term:	  	In the event the Optionholder’s Continuous Service Terminates, the Optionholder may exercise his or her vested Options but only within such period of time ending on the earlier of (i) the
date five years following termination of the Optionholders Continuous Service, or (ii) the expiration of the term of the Option as set forth in this Option Grant.

 Vesting Schedule: Options vesting is based on performance as governed by the GigOptix Management Board.

  

			
	 Date of Vesting
	  	 Number of Unit Options that can be Exercised

	August 1, 2007	  	250,000**
		
	TBD (effective on completion date)	  	An additional 75,000 eligible for vesting, based on successfully completing a funding event as governed by GigOptix Management Board.

  

	*	Option may terminate on earlier events, such as termination of Continuous Service, Optionholder’s Disability or Death. See the Unit Option Agreement and the Plan for further
details. 

	**	May only be exercised after January 1, 2008. 

 Payment: By
cash or check 
 Confidentiality: The undersigned Optionholder acknowledges and agrees that the information contained in this Option Grant Notice
shall remain confidential and Optionholder shall not divulge or reveal, either directly or indirectly, the amount or extent of equity or options granted herein or any other material term to any other co-worker, employee or third party (other than a
license professional advisor) without the express written consent of the Company. Any breach of this confidentiality agreement may result in complete forfeiture of the option or equity. 
 Additional Terms/Acknowledgments: Options shall not be exercised prior to January 1, 2008. The undersigned Optionholder acknowledges receipt of, and understands and agrees to, this Option Grant Notice, the
Unit Option Agreement, the Plan and the Operating Agreement. Optionholder further acknowledges that as of the Date of Grant, this Option Grant Notice, the Unit Option Agreement, the Plan and the Operating Agreement set forth the entire understanding
between the Optionholder and the Company regarding the purchase of Units in the Company. Optionholder also agrees to execute all such further documentation as the Board of Managers may reasonably require. 
  

											
	GIGOPTIX LLC:	 		 		 	OPTIONHOLDER:	 	
						
	By:	 	 /s/ Paul F. Judge
	 	Date: 3/26/08	 		 	 /s/ Avi Katz
	 	Date: 3/26/08
		 	Paul F. Judge, Management Board Member	 		 		 	(Name)	 	

 ATTACHMENTS: Unit Option Agreement, Plan, Notice of Exercise, Operating Agreement and
Memorandum to Plan Participants.

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00147-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00147-of-00352.parquet"}]]