Document:

Exhibit 10.11

 

SEMILEDS CORPORATION

 

INDEMNIFICATION AGREEMENT

 

This Indemnification Agreement (this “Agreement”) is made as of
                        
      , by and between SemiLEDs Corporation, a Delaware corporation (the “Company”),
and
              
(“Indemnitee”).

 

RECITALS

 

The
Company and Indemnitee recognize the increasing difficulty in obtaining
liability insurance for directors, officers and key employees, the significant
increases in the cost of such insurance and the general reductions in the
coverage of such insurance.  The Company
and Indemnitee further recognize the substantial increase in corporate
litigation in general, subjecting directors, officers and key employees to
expensive litigation risks at the same time as the availability and coverage of
liability insurance has been severely limited. 
Indemnitee does not regard the current protection available as adequate
under the present circumstances, and Indemnitee may not be willing to continue
to serve in Indemnitee’s current capacity with the Company without additional
protection.  The Company desires to
attract and retain the services of highly qualified individuals, such as
Indemnitee, and to indemnify its directors, officers and key employees so as to
provide them with the maximum protection permitted by law.

 

AGREEMENT

 

In
consideration of the mutual promises made in this Agreement, and for other good
and valuable consideration, the receipt and sufficiency of which is hereby
acknowledged, the Company and Indemnitee hereby agree as follows:

 

1.             Indemnification.

 

(a)           Third-Party Proceedings.  To the fullest extent permitted by applicable
law, the Company shall indemnify Indemnitee, if Indemnitee was, is or is
threatened to be made, a party to or a participant (as a witness or otherwise)
in any Proceeding (other than a Proceeding by or in the right of the Company to
procure a judgment in the Company’s favor), against all Expenses, judgments,
fines and amounts paid in settlement (if such settlement is approved in advance
by the Company, which approval shall not be unreasonably withheld) actually and
reasonably incurred by Indemnitee in connection with such Proceeding if
Indemnitee acted in good faith and in a manner Indemnitee reasonably believed
to be in or not opposed to the best interests of the Company and, in the case
of a criminal Proceeding, had no reasonable cause to believe Indemnitee’s
conduct was unlawful.

 

(b)           Proceedings By or in the Right of
the Company.  To the fullest extent permitted by applicable
law, the Company shall indemnify Indemnitee, if Indemnitee was, is or is
threatened to be made a party to or a participant (as a witness or otherwise)
in any Proceeding by or in the right of the Company to procure a judgment in
the Company’s favor, against all Expenses actually and reasonably incurred by
Indemnitee in connection with such Proceeding if Indemnitee acted in good faith
and in a manner Indemnitee reasonably believed to be in or not 

 

 

opposed to the best interests of the Company, except
that no indemnification shall be made in respect of any claim, issue or matter
as to which Indemnitee shall have been finally adjudicated by court order or
judgment to be liable to the Company unless and only to the extent that the
Court of Chancery or the court in which such Proceeding is or was pending shall
determine upon application that, in view of all the circumstances of the case, Indemnitee
is fairly and reasonably entitled to indemnity for such expenses which such
court shall deem proper.

 

(c)           Success on the Merits.  To the fullest extent permitted by applicable
law and to the extent that Indemnitee has been successful on the merits or
otherwise in defense of any Proceeding referred to in Section 1(a) or
Section 1(b) or the defense of any claim, issue or matter therein, in
whole or in part, the Company shall indemnify Indemnitee against all Expenses
actually and reasonably incurred by Indemnitee in connection therewith.  Without limiting the generality of the
foregoing, if Indemnitee is successful on the merits or otherwise as to one or
more but less than all claims, issues or matters in a Proceeding, the Company
shall indemnify Indemnitee against all Expenses actually and reasonably
incurred by Indemnitee in connection with such successfully resolved claims,
issues or matters to the fullest extent permitted by applicable law.  If any Proceeding is disposed of on the
merits or otherwise (including a disposition without prejudice), without (i) the
disposition being adverse to Indemnitee, (ii) an adjudication that
Indemnitee was liable to the Company, (iii) a plea of guilty by
Indemnitee, (iv) an adjudication that Indemnitee did not act in good faith
and in a manner Indemnitee reasonably believed to be in or not opposed to the
best interests of the Company, and (v) with respect to any criminal
Proceeding, an adjudication that Indemnitee had reasonable cause to believe
Indemnitee’s conduct was unlawful, Indemnitee shall be considered for the
purposes hereof to have been wholly successful with respect thereto.

 

(d)           Witness Expenses.  To the fullest extent
permitted by applicable law and to the extent that Indemnitee is a witness or
otherwise asked to participate in any Proceeding to which Indemnitee is not a
party, the Company shall indemnify Indemnitee against all Expenses actually and
reasonably incurred by Indemnitee in connection with such Proceeding.

 

2.             Indemnification Procedure.

 

(a)           Advancement of Expenses.  To the fullest extent permitted by applicable
law, the Company shall advance all Expenses actually and reasonably incurred by
Indemnitee in connection with a Proceeding within thirty (30) days after
receipt by the Company of a statement requesting such advances from time to
time, whether prior to or after final disposition of any Proceeding.  Such advances shall be unsecured and interest
free and shall be made without regard to Indemnitee’s ability to repay the
Expenses and without regard to Indemnitee’s ultimate entitlement to
indemnification under the other provisions of this Agreement.  Indemnitee shall be entitled to continue to receive
advancement of Expenses pursuant to this Section 2(a) unless and
until the matter of Indemnitee’s entitlement to indemnification hereunder has
been finally adjudicated by court order or judgment from which no further right
of appeal exists.  Indemnitee hereby
undertakes to repay such amounts advanced only if, and to the extent that, it
ultimately is determined that Indemnitee is not entitled to be indemnified by
the Company under the other provisions of this Agreement.  Indemnitee shall qualify for advances upon
the execution and delivery of this Agreement, which shall constitute the
requisite undertaking with respect to 

 

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repayment of advances made hereunder and no other
form of undertaking shall be required to qualify for advances made hereunder
other than the execution of this Agreement.

 

(b)           Notice and Cooperation by
Indemnitee.  Indemnitee shall promptly notify the Company
in writing upon being served with any summons, citation, subpoena, complaint,
indictment, information or other document relating to any Proceeding or matter
for which indemnification will or could be sought under this Agreement.  Such notice to the Company shall include a
description of the nature of, and facts underlying, the Proceeding, shall be
directed to the Chief Executive Officer of the Company and shall be given in
accordance with the provisions of Section 13(d) below.  In addition, Indemnitee shall give the
Company such additional information and cooperation as the Company may
reasonably request.  Indemnitee’s failure
to so notify, provide information and otherwise cooperate with the Company
shall not relieve the Company of any obligation which it may have to Indemnitee
under this Agreement, except to the extent that the Company is adversely
affected by such failure.

 

(c)           Determination of Entitlement.

 

(i)            Final Disposition.  Notwithstanding any other provision in this
Agreement, no determination as to entitlement to indemnification under this
Agreement shall be required to be made prior to the final disposition of the
Proceeding.

 

(ii)           Determination and Payment.  Subject to the foregoing, promptly after
receipt of a statement requesting payment with respect to the indemnification
rights set forth in Section 1, to the extent required by applicable law,
the Company shall take the steps necessary to authorize such payment in the
manner set forth in Section 145 of the General Corporation Law of
Delaware.  The Company shall pay any
claims made under this Agreement, under any statute, or under any provision of
the Company’s Certificate of Incorporation or Bylaws providing for
indemnification or advancement of Expenses, within thirty(30) days after a
written request for payment thereof has first been received by the Company, and
if such claim is not paid in full within such thirty (30) day-period, Indemnitee
may, but need not, at any time thereafter bring an action against the Company
in the Delaware Court of Chancery to recover the unpaid amount of the claim
and, subject to Section 12, Indemnitee shall also be entitled to be
paid for all Expenses actually and reasonably incurred by Indemnitee in
connection with bringing such action.  It
shall be a defense to any such action (other than an action brought to enforce
a claim for advancement of Expenses under Section 2(a)) that Indemnitee
has not met the standards of conduct which make it permissible under applicable
law for the Company to indemnify Indemnitee for the amount claimed.  In making a determination with respect to
entitlement to indemnification hereunder, the person or persons or entity
making such determination shall presume that Indemnitee is entitled to
indemnification under this Agreement and the Company shall have the burden of
proof to overcome that presumption with clear and convincing evidence to the
contrary.  The termination of any
Proceeding by judgment, order, settlement, conviction, or upon a plea of nolo contendere or its equivalent, shall not, of itself,
create a presumption that Indemnitee did not act in good faith and in a manner
which Indemnitee reasonably believed to be in or not opposed to the best
interests of the Company, or, in the case of a criminal Proceeding, that
Indemnitee had reasonable cause to believe that Indemnitee’s conduct was
unlawful.  In addition, it is the parties’
intention that if the Company contests Indemnitee’s right to indemnification,
the question of Indemnitee’s right to indemnification shall 

 

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be for the court to decide, and neither the failure
of the Company (including its Board of Directors, any committee or subgroup of
the Board of Directors, independent legal counsel, or its stockholders) to have
made a determination that indemnification of Indemnitee is proper in the circumstances
because Indemnitee has met the applicable standard of conduct required by
applicable law, nor an actual determination by the Company (including its Board
of Directors, any committee or subgroup of the Board of Directors, independent
legal counsel, or its stockholders) that Indemnitee has not met such applicable
standard of conduct, shall create a presumption that Indemnitee has or has not
met the applicable standard of conduct. 
If any requested determination with respect to entitlement to
indemnification hereunder has not been made within ninety (90) days after the
final disposition of the Proceeding, the requisite determination that
Indemnitee is entitled to indemnification shall be deemed to have been made.

 

(d)           Payment Directions.  To the extent payments are required to be
made hereunder, the Company shall, in accordance with Indemnitee’s request (but
without duplication), (i) pay such Expenses on behalf of Indemnitee, (b) advance
to Indemnitee funds in an amount sufficient to pay such Expenses, or (c) reimburse
Indemnitee for such Expenses.

 

(e)           Notice to Insurers.  If, at the time of the receipt of a notice of
a claim pursuant to Section 2(b) hereof, the Company has director and
officer liability insurance in effect, the Company shall give prompt notice of
the commencement of such Proceeding to the insurers in accordance with the
procedures set forth in the respective policies.  The Company shall thereafter take all
necessary or desirable action to cause such insurers to pay, on behalf of
Indemnitee, all amounts payable as a result of such Proceeding in accordance
with the terms of such policies.

 

(f)            Defense of Claim and Selection of
Counsel.  In the event the Company shall be obligated
under Section 2(a) hereof to advance Expenses with respect to any
Proceeding, the Company, if appropriate, shall be entitled to assume the
defense of such Proceeding, with counsel reasonably acceptable to Indemnitee,
upon the delivery to Indemnitee of written notice of its election so to do.  After delivery of such notice, approval of
such counsel by Indemnitee and the retention of such counsel by the Company,
the Company will not be liable to Indemnitee under this Agreement for any fees
of counsel subsequently incurred by Indemnitee with respect to the same
Proceeding, provided that (i) Indemnitee shall have the right to employ
counsel in any such Proceeding at Indemnitee’s expense; and (ii) if
(A) the employment of counsel by Indemnitee has been previously authorized
by the Company, (B) Indemnitee shall have reasonably concluded that there
may be a conflict of interest between the Company and Indemnitee in the conduct
of any such defense or (C) the Company shall not, in fact, have employed
counsel to assume the defense of such Proceeding, then the fees and expenses of
Indemnitee’s counsel shall be at the expense of the Company.  In addition, if there exists a potential, but
not an actual conflict of interest between the Company and Indemnitee, the
actual and reasonable legal fees and expenses incurred by Indemnitee for separate
counsel retained by Indemnitee to monitor the Proceeding (so that such counsel
may assume Indemnitee’s defense if the conflict of interest between the Company
and Indemnitee becomes an actual conflict of interest) shall be deemed to be
Expenses that are subject to indemnification hereunder.  The existence of an actual or potential
conflict of interest, and whether such conflict may be waived, shall be
determined pursuant to the rules of attorney professional conduct and
applicable law.  The Company shall not be
required to obtain the consent of Indemnitee for the settlement of any 

 

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Proceeding the Company has undertaken to defend if
the Company assumes full and sole responsibility for each such settlement;
provided, however, that the Company shall be required to obtain Indemnitee’s
prior written approval, which shall not be unreasonably withheld, before
entering into any settlement which (1) does not grant Indemnitee a
complete release of liability, (2) would impose any penalty or limitation
on Indemnitee, or (3) would admit any liability or misconduct by
Indemnitee.

 

3.             Additional Indemnification Rights.

 

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

 

(b)           Nonexclusivity.  The indemnification provided by this
Agreement shall not be deemed exclusive of any rights to which Indemnitee may
be entitled under the Company’s Certificate of Incorporation, its Bylaws, any
agreement, any vote of stockholders or disinterested members of the Company’s
Board of Directors, the General Corporation Law of Delaware, or otherwise, both
as to action in Indemnitee’s official capacity and as to action in another
capacity while holding such office.

 

(c)           Interest on Unpaid Amounts.  If any payment to be made by the Company to
Indemnitee hereunder is delayed by more than ninety (90) days from the date the
duly prepared request for such payment is received by the Company, interest
shall be paid by the Company to Indemnitee at the legal rate under Delaware law
for amounts which the Company indemnifies or is obligated to indemnify for the
period commencing with the date on which Indemnitee actually incurs such
Expense or pays such judgment, fine or amount in settlement and ending with the
date on which such payment is made to Indemnitee by the Company.

 

(d)           Third-Party Indemnification.  The Company hereby acknowledges that
Indemnitee has or may from time to time obtain certain rights to
indemnification, advancement of expenses and/or insurance provided by one or
more third parties (collectively, the “Third-Party Indemnitors”).  The Company hereby agrees that it is the
indemnitor of first resort (i.e., its
obligations to Indemnitee are primary and any obligation of the Third-Party
Indemnitors to advance expenses or to provide indemnification for the same
expenses or liabilities incurred by Indemnitee are secondary), and that the
Company will not assert that the Indemnitee must seek expense advancement or
reimbursement, or indemnification, from any Third-Party Indemnitor before the
Company must perform its expense advancement and reimbursement, and
indemnification obligations, under this Agreement.  No advancement or payment by the Third-

 

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Party Indemnitors on behalf of Indemnitee with
respect to any claim for which Indemnitee has sought indemnification from the
Company shall affect the foregoing.  The
Third-Party Indemnitors shall be subrogated to the extent of such advancement
or payment to all of the rights of recovery which Indemnitee would have had
against the Company if the Third-Party Indemnitors had not advanced or paid any
amount to or on behalf of Indemnitee.  If
for any reason a court of competent jurisdiction determines that the Third-Party
Indemnitors are not entitled to the subrogation rights described in the
preceding sentence, the Third-Party Indemnitors shall have a right of
contribution by the Company to the Third-Party Indemnitors with respect to any
advance or payment by the Third-Party Indemnitors to or on behalf of the
Indemnitee.

 

4.             Partial Indemnification.  If Indemnitee is entitled under any provision
of this Agreement to indemnification by the Company for some or a portion of
the Expenses, judgments, fines or amounts paid in settlement, actually and
reasonably incurred in connection with a Proceeding, but not, however, for the
total amount thereof, the Company shall nevertheless indemnify Indemnitee for
the portion of such Expenses, judgments, fines and amounts paid in settlement
to which Indemnitee is entitled.

 

5.             Director and Officer Liability
Insurance.

 

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

 

(b)           Tail Coverage.  In the event of a Change of Control or the
Company’s becoming insolvent (including being placed into receivership or
entering the federal bankruptcy process and the like), the Company shall
maintain in force any and all insurance policies then maintained by the Company
in providing insurance (directors’ and officers’ liability, fiduciary,
employment practices or otherwise) in respect of Indemnitee, for a period of
six years thereafter.

 

6.             Severability.  Nothing in this Agreement is intended to
require or shall be construed as requiring the Company to do or fail to do any
act in violation of applicable law.  The
Company’s inability, pursuant to court order, to perform its obligations under
this 

 

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Agreement shall not constitute a breach of this
Agreement.  If this Agreement or any
portion hereof shall be invalidated on any ground by any court of competent
jurisdiction, then the Company shall nevertheless indemnify Indemnitee to the
full extent permitted by any applicable portion of this Agreement that shall
not have been invalidated, and the balance of this Agreement not so invalidated
shall be enforceable in accordance with its terms.

 

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

 

(a)           Claims Initiated by Indemnitee.  To indemnify or advance Expenses to
Indemnitee with respect to Proceedings initiated or brought voluntarily by
Indemnitee and not by way of defense, except with respect to Proceedings
brought to establish, enforce or interpret a right to indemnification under
this Agreement or any other statute or law or otherwise as required under
Section 145 of the General Corporation Law of Delaware, but such
indemnification or advancement of Expenses may be provided by the Company in
specific cases if the Board of Directors finds it to be appropriate; provided,
however, that the exclusion set forth in the first clause of this subsection
shall not be deemed to apply to any investigation initiated or brought by
Indemnitee to the extent reasonably necessary or advisable in support of
Indemnitee’s defense of a Proceeding to which Indemnitee was, is or is
threatened to be made, a party;

 

(b)           Lack of Good Faith.  To indemnify Indemnitee for any Expenses
incurred by Indemnitee with respect to any Proceeding instituted by Indemnitee
to establish, enforce or interpret a right to indemnification under this
Agreement or any other statute or law or otherwise as required under
Section 145 of the General Corporation Law of Delaware, if a court of
competent jurisdiction determines that each of the material assertions made by
Indemnitee in such proceeding was not made in good faith or was frivolous;

 

(c)           Insured Claims.  To indemnify Indemnitee for Expenses to the
extent such Expenses have been paid directly to Indemnitee by an insurance
carrier under an insurance policy maintained by the Company; or

 

(d)           Certain Exchange Act Claims.  To indemnify Indemnitee in connection with
any claim made against Indemnitee for (i) an accounting of profits made
from the purchase and sale (or sale and purchase) by Indemnitee of securities
of the Company within the meaning of Section 16(b) of the Exchange
Act or any similar successor statute or any similar provisions of state
statutory law or common law, or (ii) any reimbursement of the Company by
Indemnitee of any bonus or other incentive-based or equity-based compensation
or of any profits realized by Indemnitee from the sale of securities of the
Company, as required in each case under the Exchange Act (including any such
reimbursements that arise from an accounting restatement of the Company
pursuant to Section 304 of the Sarbanes-Oxley Act of 2002 (the “Sarbanes-Oxley
Act”), or the payment to the Company of profits arising from the purchase
and sale by Indemnitee of securities in violation of Section 306 of the
Sarbanes-Oxley Act); provided, however, that to the fullest extent permitted by
applicable law and to the extent Indemnitee is successful on the merits or
otherwise with respect to any such Proceeding, the Expenses actually and
reasonably incurred by Indemnitee in connection with any such Proceeding shall
be deemed to be Expenses that are subject to indemnification hereunder.

 

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8.             Contribution Claims.

 

(a)           If the indemnification
provided in Section 1 is unavailable in whole or in part and may not be
paid to Indemnitee for any reason other than those set forth in Section 7,
then in respect to any Proceeding in which the Company is jointly liable with
Indemnitee (or would be if joined in such Proceeding), to the fullest extent
permitted by applicable law, the Company, in lieu of indemnifying Indemnitee,
shall pay, in the first instance, the entire amount incurred by Indemnitee, whether
for Expenses, judgments, fines or amounts paid in settlement, in connection
with any Proceeding without requiring Indemnitee to contribute to such payment,
and the Company hereby waives and relinquishes any right of contribution it may
have at any time against Indemnitee.

 

(b)           With respect to a Proceeding
brought against directors, officers, employees or agents of the Company (other
than Indemnitee), to the fullest extent permitted by applicable law, the
Company shall indemnify Indemnitee from any claims for contribution that may be
brought by any such directors, officers, employees or agents of the Company
(other than Indemnitee) who may be jointly liable with Indemnitee, to the same
extent Indemnitee would have been entitled to such indemnification under this
Agreement if such Proceeding had been brought against Indemnitee.

 

9.             No Imputation.  The knowledge and/or actions, or failure to
act, of any director, officer, agent or employee of the Company or the Company
itself shall not be imputed to Indemnitee for purposes of determining any
rights under this Agreement.

 

10.           Determination of Good Faith.  For purposes of any determination of good
faith, Indemnitee shall be deemed to have acted in good faith if
Indemnitee’s action is based on the records or books of account of the
Enterprise, including financial statements, or on information supplied to
Indemnitee by the officers of the Enterprise in the course of their duties, or
on the advice of legal counsel for the Enterprise or the Board of Directors of the
Enterprise or any counsel selected by any committee of the Board of Directors
of the Enterprise or on information or records given or reports made to the
Enterprise by an independent certified public accountant or by an appraiser,
investment banker, compensation consultant, or other expert selected with
reasonable care by the Enterprise or the Board of Directors of the Enterprise
or any committee thereof.  The provisions
of this Section 10 shall not be deemed to be exclusive or to limit in any
way the other circumstances in which the Indemnitee may be deemed to have met
the applicable standard of conduct. 
Whether or not the foregoing provisions of this Section are
satisfied, it shall in any event be presumed that Indemnitee has at all times
acted in good faith and in a manner Indemnitee reasonably believed to be in or
not opposed to the best interests of the Company.

 

11.           Defined Terms and Phrases.  For purposes of this Agreement, the following
terms shall have the following meanings:

 

(a)           “Beneficial Owner”
and “Beneficial Ownership” shall have the meanings set forth in Rule 13d-3
promulgated under the Exchange Act as in effect on the date hereof.

 

(b)           “Change of Control”
shall be deemed to occur upon the earliest of any of the following events:

 

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(i)            Acquisition of Stock by
Third Party.  Any Person
is or becomes the Beneficial Owner, directly or indirectly, of securities of
the Company representing fifteen percent (15%) or more of the combined voting
power of the Company’s then outstanding securities entitled to vote generally
in the election of directors, unless (1) the change in the relative
Beneficial Ownership of the Company’s securities by any Person results solely
from a reduction in the aggregate number of outstanding shares of securities
entitled to vote generally in the election of directors, or (2) such
acquisition was approved in advance by the Continuing Directors and such
acquisition would not constitute a Change of Control under part (iii) of
this definition.

 

(ii)           Change in Board of Directors.  Individuals who, as of the date of this
Agreement, constitute the Company’s Board of Directors (the “Board”),
and any new director whose election by the Board or nomination for election by
the Company’s stockholders was approved by a vote of at least two thirds of the
directors then still in office who were directors on the date of this Agreement
(collectively, the “Continuing Directors”), cease for any reason to
constitute at least a majority of the members of the Board.

 

(iii)          Corporate Transaction.  The effective date of a reorganization,
merger, or consolidation of the Company (a “Business Combination”), in
each case, unless, following such Business Combination:  (1) all or substantially all of the individuals
and entities who were the Beneficial Owners of securities entitled to vote
generally in the election of directors immediately prior to such Business
Combination beneficially own, directly or indirectly, more than 51% of the
combined voting power of the then outstanding securities of the Company
entitled to vote generally in the election of directors resulting from such
Business Combination (including a corporation which as a result of such
transaction owns the Company or all or substantially all of the Company’s
assets either directly or through one or more subsidiaries) in substantially
the same proportions as their ownership, immediately prior to such Business
Combination, of the securities entitled to vote generally in the election of
directors and with the power to elect at least a majority of the Board or other
governing body of the surviving entity; (2) no Person (excluding any
corporation resulting from such Business Combination) is the Beneficial Owner,
directly or indirectly, of 15% or more of the combined voting power of the then
outstanding securities entitled to vote generally in the election of directors
of such corporation except to the extent that such ownership existed prior to
the Business Combination; and (3) at least a majority of the Board of
Directors of the corporation resulting from such Business Combination were
Continuing Directors at the time of the execution of the initial agreement, or
of the action of the Board of Directors, providing for such Business
Combination.

 

(iv)          Liquidation.  The approval by the Company’s stockholders of
a complete liquidation of the Company or an agreement or series of agreements
for the sale or disposition by the Company of all or substantially all of the
Company’s assets, other than factoring the Company’s current receivables or
escrows due (or, if such approval is not required, the decision by the Board to
proceed with such a liquidation, sale or disposition in one transaction or a
series of related transactions).

 

(v)           Other Events.  There occurs any other event of a nature that
would be required to be reported in response to Item 6(e) of Schedule 14A
of Regulation 14A (or a 

 

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response to any similar item or any similar schedule
or form) promulgated under the Exchange Act whether or not the Company is then
subject to such reporting requirement.

 

(c)           “Company” shall
include, in addition to the resulting corporation, any constituent corporation
(including any constituent of a constituent) absorbed in a consolidation or
merger which, if its separate existence had continued, would have had power and
authority to indemnify its directors, officers, and employees or agents, so
that if Indemnitee is or was a director, officer, employee or agent of such constituent
corporation, or is or was serving at the request of such constituent
corporation as a director, officer, trustee, general partner, managing member,
fiduciary, employee or agent of any other enterprise, Indemnitee shall
stand in the same position under the provisions of this Agreement with respect
to the resulting or surviving corporation as Indemnitee would have with respect
to such constituent corporation if its separate existence had continued.

 

(d)           “Enterprise” means
the Company and any other enterprise that Indemnitee was or is serving at the
request of the Company as a director, officer, partner (general, limited or
otherwise), member (managing or otherwise), trustee, fiduciary, employee or
agent.

 

(e)           “Exchange Act” means
the Securities Exchange Act of 1934, as amended.

 

(f)            “Expenses” shall
include all direct and indirect costs, fees and expenses of any type or nature
whatsoever, including all attorneys’ fees and costs, retainers, court costs,
transcript costs, fees of experts, witness fees, travel expenses, fees of
private investigators and professional advisors, duplicating costs, printing
and binding costs, telephone charges, postage, delivery service fees, any
federal, state, local or foreign taxes imposed on Indemnitee as a result of the
actual or deemed receipt of any payment under this Agreement (including taxes
that may be imposed upon the actual or deemed receipt of payments under this
Agreement with respect to the imposition of federal, state, local or foreign
taxes), fax transmission charges, secretarial services and all other
disbursements, obligations or expenses in connection with prosecuting,
defending, preparing to prosecute or defend, investigating, being or preparing
to be a witness in, settlement or appeal of, or otherwise participating in a
Proceeding.  Expenses also shall include
any of the forgoing expenses incurred in connection with any appeal resulting
from any Proceeding, including the principal, premium, security for, and other
costs relating to any costs bond, supersedes bond, or other appeal bond or its
equivalent.  Expenses also shall include
any interest, assessment or other charges imposed thereon and costs incurred in
preparing statements in support of payment requests hereunder.  Expenses, however, shall not include amounts
paid in settlement by Indemnitee or the amount of judgments or fines against
Indemnitee.

 

(g)           “Person” shall have
the meaning as set forth in Section 13(d) and 14(d) of the
Exchange Act as in effect on the date hereof; provided, however, that “Person”
shall exclude: (i) the Company; (ii) any direct or indirect majority
owned subsidiaries of the Company; (iii) any employee benefit plan of the
Company or any direct or indirect majority owned subsidiaries of the Company or
of any corporation owned, directly or indirectly, by the Company’s stockholders
in substantially the same proportions as their ownership of stock of the
Company (an “Employee Benefit Plan”); and (iv) any trustee or other
fiduciary holding securities under an Employee Benefit Plan.

 

10

 

(h)           “Proceeding” shall
include any actual, threatened, pending or completed action, suit, arbitration,
mediation, alternate dispute resolution mechanism, investigation, inquiry,
administrative hearing or any other actual, threatened or completed proceeding,
whether brought by a third party, a government agency, the Company or its Board
of Directors or a committee thereof, whether in the right of the Company or
otherwise and whether of a civil (including intentional or unintentional tort
claims), criminal, administrative, legislative or investigative (formal or
informal) nature, including any appeal therefrom, in which Indemnitee was, is,
will or might be involved as a party, potential party, non-party witness or
otherwise by reason of the fact that Indemnitee is or was a director, officer,
employee or agent of the Company, by reason of any action (or failure to act)
taken by Indemnitee or of any action (or failure to act) on Indemnitee’s part
while acting as a director, officer, employee or agent of the Company, or by
reason of the fact that Indemnitee is or was serving at the request of the
Company as a director, officer, partner (general, limited or otherwise), member
(managing or otherwise), trustee, fiduciary, employee or agent of any other
enterprise, in each case whether or not serving in such capacity at the time
any liability or expense is incurred for which indemnification, reimbursement
or advancement of expenses can be provided under this Agreement.

 

(i)            In addition, references to “other
enterprise” shall include another corporation, partnership, limited
liability company, joint venture, trust, employee benefit plan or any other
enterprise; references to “fines” shall include any excise taxes assessed
on Indemnitee with respect to an employee benefit plan; references to “serving
at the request of the Company” shall include any service as a director,
officer, employee or agent of the Company which imposes duties on, or involves
services by Indemnitee with respect to an employee benefit plan, its
participants, or beneficiaries; and if Indemnitee acted in good faith and in a
manner Indemnitee reasonably believed to be in the interest of the participants
and beneficiaries of an employee benefit plan, Indemnitee shall be deemed
to have acted in a manner “not opposed to the best interests of the Company”
as referred to in this Agreement; references to “include” or “including”
shall mean include or including, without limitation; and references to
Sections, paragraphs or clauses are to Sections, paragraphs or clauses in this
Agreement unless otherwise specified.

 

12.           Attorneys’ Fees.  In the event that any Proceeding is
instituted by Indemnitee under this Agreement to enforce or interpret any of
the terms hereof, the Company shall indemnify Indemnitee against all Expenses
actually and reasonably incurred by Indemnitee in connection with such
Proceeding, unless a court of competent jurisdiction determines that each of
the material assertions made by Indemnitee as a basis for such Proceeding were
not made in good faith or were frivolous. 
In the event of a Proceeding instituted by or in the name of the Company
under this Agreement or to enforce or interpret any of the terms of this
Agreement, the Company shall indemnify Indemnitee against all Expenses actually
and reasonably incurred by Indemnitee in connection with such Proceeding
(including with respect to Indemnitee’s counterclaims and cross-claims made in
such action), unless a court of competent jurisdiction determines that each of
Indemnitee’s material defenses to such action were made in bad faith or were
frivolous.

 

11

 

13.           Miscellaneous.

 

(a)           Governing Law.  This Agreement and all acts and transactions
pursuant hereto and the rights and obligations of the parties hereto shall be
governed, construed and interpreted in accordance with the laws of the State of
Delaware, without giving effect to principles of conflicts of law.

 

(b)           Entire Agreement; Binding Effect.  Without limiting any of the rights of
Indemnitee described in Section 3(b), this Agreement sets forth the entire
agreement and understanding of the parties relating to the subject matter
herein and merges all prior discussions and supersedes any and all previous
agreements between them covering the subject matter herein.  The indemnification provided under this
Agreement applies with respect to events occurring before or after the
effective date of this Agreement, and shall continue to apply even after Indemnitee
has ceased to serve the Company in any and all indemnified capacities.

 

(c)           Amendments and Waivers.  No modification of or amendment to this
Agreement, nor any waiver of any rights under this Agreement, shall be
effective unless in writing signed by the parties to this Agreement.  The failure by either party to enforce any
rights under this Agreement shall not be construed as a waiver of any rights of
such party.

 

(d)           Notices.  Any notice, demand or request required or
permitted to be given under this Agreement shall be in writing and shall be
deemed sufficient when delivered personally or sent by fax or 48 hours after
being sent by nationally-recognized courier or deposited in the U.S. mail, as
certified or registered mail, with postage prepaid, and addressed to the party
to be notified at such party’s address or fax number as set forth below or as
subsequently modified by written notice.

 

(e)           Counterparts.  This Agreement may be executed in two or more
counterparts, each of which shall be deemed an original and all of which
together shall constitute one instrument.

 

(f)            Successors and Assigns.  This Agreement shall be binding upon the
Company and its successors (including any direct or indirect successor by
purchase, merger, consolidation or otherwise to all or substantially all of the
business and/or assets of the Company) and assigns, and inure to the benefit of
Indemnitee and Indemnitee’s heirs, executors, administrators, legal
representatives and assigns.  The Company
shall require and cause any successor (whether direct or indirect by purchase,
merger, consolidation or otherwise) to all or substantially all of the business
and/or assets of the Company, by written agreement in form and substance
satisfactory to Indemnitee, expressly to assume and agree to perform this
Agreement in the same manner and to the same extent that the Company would be
required to perform if no such succession had taken place.

 

(g)           No Employment Rights.  Nothing contained in this Agreement is
intended to create in Indemnitee any right to continued employment.

 

(h)           Company Position.  The Company shall be precluded from
asserting, in any Proceeding brought for purposes of establishing, enforcing or
interpreting any right to indemnification under this Agreement, that the procedures
and presumptions of this Agreement 

 

12

 

are not valid, binding and enforceable and shall
stipulate in any such court that the Company is bound by all the provisions of
this Agreement and is precluded from making any assertion to the contrary.

 

(i)            Subrogation.  Subject to Section 3(d), in the event of
payment under this Agreement, the Company shall be subrogated to the extent of
such payment to all of the rights of recovery of Indemnitee, who shall execute
all documents required and shall do all acts that may be necessary to secure
such rights and to enable the Company to effectively bring suit to enforce such
rights.

 

[Signature Page Follows]

 

13

 

The
parties have executed this Agreement as of the date first set forth above.

 

	
   

  	
   

  	
  THE COMPANY:

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  SEMILEDS CORPORATION

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
   

  
	
   

  	
   

  	
   

  	
  (Signature)

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  Name:
  Trung Doan

  
	
   

  	
   

  	
  Title:
  Chief Executive Officer

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  Address:

  
	
   

  	
   

  	
  3F,
  No.11 Ke Jung Rd., Chu-Nan Site

  
	
   

  	
   

  	
  Hsinchu
  Science Park, Chu-Nan 350

  
	
   

  	
   

  	
  Miao-Li
  County, Taiwan, R. O. C

  
	
   

  	
   

  	
  Fax:
  +886-37-582688

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  AGREED
  TO AND ACCEPTED:

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  INDEMNITEE:

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  (Signature)

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  Address:

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  Fax:

  	
   

  	
   

  	
   

  
					

 

SIGNATURE
PAGE TO SEMILEDS CORPORATION

INDEMNIFICATION
AGREEMENTExhibit 10.20

 

COLLABORATION AND DISTRIBUTION
AGREEMENT

 

This
Collaboration and Distribution Agreement (the “Agreement”) is entered into effective as
of April 18, 2007 (the “Effective Date”) by and between INTEMATIX CORPORATION, a
California corporation and its Affiliates (“Intematix”), and SEMILEDS CORPORATION, a
Delaware corporation and its Affiliates (“SemiLEDs”).

 

BACKGROUND

 

A.SemiLEDs
is in the business of LED, general illumination, and related lighting products.

 

B.Intematix
is in the business of phosphor products and phosphor related LED, signage,
display and lighting products.

 

C.SemiLEDs
and Intematix desire (1) to cooperate in the development of optimized
phosphors, as provided by Intematix, in combination with LED chips, as
manufactured by SemiLEDs, for high brightness, temperature stability,
reliability, and unsorted wavelength chips, and (2) to distribute SemiLEDs’
LED chips coupled with Intematix’ phosphors as One-Package Solution.

 

Now,
therefore, in consideration of the mutual promises contained herein, the
parties agree as follows:

 

1. DEFINITIONS.

 

1.1 “Affiliate(s)”
shall mean any corporation, company, or other legal entity in which a party to
this Agreement owns or controls, directly or indirectly, more than fifty (50%)
of the shares entitled to vote for the election of directors or other persons
performing similar functions, only for so long as such ownership or control
exists.

 

1.2 “Average
Selling Price” or “ASP”
means the weighted average selling price, based on the invoice price, less discounts,
sold to Customers during the two calendar quarters prior to the date of sale of
Phosphors to SemiLEDs, or LED Chips to Intematix, whichever applicable.  The ASP may vary depending on the Specific
Territory.

 

1.3 “Collaboration”
means the activities conducted pursuant to the Collaboration Plan.

 

1.4 “Company”
shall have the meaning as set forth in Section 3.1.

 

1.5 “Customers”
means end-users and packaging companies who purchase the Products for surface
mount or LED package.

 

1.6 “Approved
Customers” means Customers as listed in Exhibit A attached hereto and such
other Customers that Intematix has obtained approval from SemiLEDs according to
the procedure described in Section 3.3. 
SemiLEDs has the absolute right to remove any Approved Customer from the
Approved Customer list set forth in Exhibit A upon thirty (30) days’ written notice
to Intematix.

 

1

 

1.7 “Distributor”
shall have the meaning as set forth in Section 3.1.

 

1.8 “LED Chips”
shall have the meaning as set forth in Section 2.1.1(b).

 

1.9 “One-Package
Solution” means Phosphors and LED Chips as being marketed and
sold together to SemiLEDs’ Customers or Intematix’s Approved Customers.

 

1.10 “Phosphors”
shall have the meaning as set forth in Section 2.1.1(a).

 

1.11 “Products”
means Phosphors and LED Chips that are sold together as One-Package
Solution.  Intematix’s Phosphors shall be
as set forth in Exhibit C,
and SemiLEDs’ LED Chips shall be as set forth in Exhibit D.

 

1.12 “Specific
Territory” means a specific country or region as designated by
SemiLEDs with respect to LED Chips, or by Intematix with respect to Phosphors,
for specific pricing policies.

 

2. COLLABORATION.

 

2.1 Collaboration Plan.

 

2.1.1                        During the term
of this Agreement, the parties shall collaborate with each other in accordance
with a written plan (the “Collaboration
Plan”), to be adopted by the parties.  The initial Collaboration Plan is attached
hereto as Exhibit E
and will include the following:

 

(a)                                  Intematix to
use its best effort to optimize the performance of its phosphor with SemiLEDs’
LED dies having 390 – 470 mn wavelength, or such other wavelengths, as a pump
source for both cold and warm light applications (“Phosphors”).

 

(b)                                 SemiLEDs to use
its best effort to optimize the performance of its LED dies (“LED Chips”) using
Phosphors.

 

(c)                                  Each of
Intematix and SemiLEDs shall cooperate to develop the highest performing One
Package Solution with the Products.

 

(d)                                 Each of
Intematix and SemiLEDs shall ensure that each of their Products delivered under
this Agreement are of the highest quality and performance.

 

2.1.2                        The
Collaboration Plan may be amended from time to time.

 

3. DISRIBUTION.

 

3.1 Definitions.  As used in this Section 3, depending on
whether the context is relating to LED Chips or Phosphors, the term “Distributor” shall
mean either (a) Intematix, which distributes LED Chips, or (b) SemiLEDs,
which distributes Phosphors as part of the One-Package Solution.  As such, in the same context, unless provided
otherwise, if the term Distributor is referred to SemiLEDs, then the term “Company” shall mean
Intematix and/or its designated Affiliate(s), and vice versa.

 

3.2 Appointment.

 

3.2.1                        Subject to the
customer approval procedure set forth in Section 3.3 below, and other terms
and conditions under this Agreement, SemiLEDs hereby appoints 

 

2

 

Intematix as an exclusive distributor of LED Chips
to Approved Customers as part of a One-Package Solution.

 

3.2.2                        Subject to the
terms and conditions under this Agreement, Intematix hereby appoints
SemiLEDs as a non-exclusive distributor of Phosphors as part of the One-Package
Solution to Customers.

 

3.3 Approved Customers; Procedure.  Intematix shall not sell or otherwise
transfer LED Chips or the Products to any individual or entity other than the
Approved Customers as set forth in Exhibit A.  To qualify a potential customer as an
Approved Customer, Intematix shall first submit the name of the potential
customer and other required information to SemiLEDs using the Customer
Qualification Form attached hereto as Exhibit B.
SemiLEDs may reject any potential customer as an Approved Customer for any
reason or no reason.  SemiLEDs shall
acknowledge its acceptance or rejection in writing of a potential customer as
an Approved Customer within ten (10) business days of receipt of a
properly completed Customer Qualification Form. 
SemiLEDs shall have the absolute right for any reason or no reason to
remove any individual or entity from the Approved Customer list (such that that
individual or entity is no longer an Approved Customer) at any time upon thirty
(30) days’ written notice to Intematix; provided, however, and notwithstanding
any other provision of this Agreement to the contrary, if SemiLEDs materially
changes or reduces the individuals or entities from the Approved Customer list,
then Intematix may in its discretion terminate this Agreement without liability
to SemiLEDs.

 

3.4 Independent Contractor.  Distributor is and at all times shall be the
Company’s independent contractor in all matters relating to this
Agreement.  Distributor and its employees
are not agents of the Company for any purposes and shall have no power or
authority to bind or commit the Company in any way.

 

3.5 Sales and Distribution of Products; Prices.  The sale and distribution prices for the LED
Chips and Phosphors shall be determined in accordance with the Specific
Territory.

 

3.5.1                        SemiLEDs shall
sell LED Chips to Intematix, and Intematix shall sell Phosphors to SemiLEDs, to
be distributed within a Specific Territory at a price representing fifteen
percent (15%) discount from the Average Selling Price of such phosphors or LED
Chips, whichever applicable, as determined for such Specific Territory.

 

3.5.2                        Intematix may
sell LED Chips, whether or not they are part of the One-Package Solution, in
Intematix’ sole discretion, but if it elects to do so then only to Approved
Customers within a Specific Territory, and the selling price for such LED Chips
shall be equal to or higher than the Average Selling Price of similar LED Chips
determined for such Specific Territory.

 

3.6 Duties and Prohibitions.

 

3.6.1                        Facilities;
Records.  Distributor shall maintain its
own office space and facilities, with the entire cost of these items and activities
to be borne solely by such party. 
Distributor shall maintain complete and accurate books and records.  The Company shall have the right at any time
during the terms of this Agreement and for a period of six months after its
termination or expiration to examine such books, records, correspondence,
quotations, orders and other documents which pertain to the Company’s

 

3

 

business
and the fulfillment of the Company’s obligations hereunder, as it may deem
necessary or appropriate upon reasonable advance notice to the Company.

 

3.6.2                        No Sale to
Distributors or Resellers. 
Intematix may not sell the LED Chips or the Products to any reseller,
distributor, or any person or entity that is not an end-user or package
company.  SemiLEDs may not sell the
Phosphors or the Products to any reseller, distributor, or any person or entity
that is not an end-user or package company.

 

3.6.3                        Intematix - No
Sale Outside of Specific Territory; Penalty.  Intematix shall not sell or otherwise
transfer any LED Chips or Products purchased pursuant to the Average Selling
Price determined for one Specific Territory to any entity located outside of
such Specific Territory.  A breach of
this covenant by Intematix shall subject Intematix to a penalty to SemiLEDs (i) an
amount equal to ten (10) times the difference between the purchase price
paid by Intematix for the LED Chips or Products sold or transferred (the
purchase price of which was based on the Specific Territory Intematix represented
to SemiLEDs) and the purchase price Intematix is required to pay for such LED
Chips or Products sold or distributed in the Specific Territory in which
Intematix actually sold or distributed, and (ii) all the expenses and
costs, including reasonable attorneys’ fees, incurred by SemiLEDs relating to
the enforcement of this covenant. The remedies provided under this Section 3.6.3
shall not be exclusive remedies, and that SemiLEDs shall be entitled to obtain
any and all remedies available to it whether in law or equity.

 

3.6.4                        SemiLEDs - No
Sale Outside of Specific Territory; Penalty.  SemiLEDs shall not sell or otherwise transfer
any Phosphor or Products purchased pursuant to the Average Selling Price
determined for one Specific Territory to any entity having their manufacturing
principally located outside of such Specific Territory.  A breach of this covenant by SemiLEDs shall
subject SemiLEDs to a penalty to Intematix (i) an amount equal to ten (10) times
the difference between the purchase price paid by SemiLEDs for the Phosphors or
Products sold or transferred (the purchase price of which was based on the
Specific Territory SemiLEDs represented to Intematix) and the purchase price
SemiLEDs is required to pay for such Phosphors or Products sold or distributed
in the Specific Territory in which SemiLEDs actually sold or distributed, and (ii) all
the expenses and costs, including reasonable attorneys’ fees, incurred by
Intematix relating to the enforcement of this covenant. The remedies provided
under this Section 3.6.3 shall not be exclusive remedies, and that
Intematix shall be entitled to obtain any and all remedies available to it
whether in law or equity.

 

3.6.5                        Secrecy.  During the term of this Agreement and three (3) years
thereafter, neither party shall disclose to any third party any invoice value
sold by one party to another, sales policies for any other business information
of the other party acquired from or as a consequence of transactions under this
Agreement, without the prior written consent of the other party.

 

3.6.6                        Reports.  Distributor shall prepare and submit to
Company quarterly sales information. 
Such sales information will include, at a minimum, date shipped,
quantity of Products sold, Customers’ and Approved Customers’ names, addresses,
contact information, and quantities sold to each such Customer and Approved
Customer, and remaining inventory. 
Distributor shall submit to Company, upon receipt of such information,
any competitive information, problems, complaints or suspected defects with
respect to the Products, and any feedback from any Customer or Approved
Customer.

 

4

 

3.7 Purchase Orders and Placement.

 

3.7.1                        Addition to and
Deletion from Products. 
Intematix and SemiLEDs may, each in its sole discretion, (i) discontinue
the manufacture of any or all of Phosphors or LED Chips, respectively, or (ii) make
whatever changes or modification to the Phosphors or LED Chips, respectively,
or (iii) their availability, it deems necessary, desirable or
appropriate.  Each party may, in its sole
discretion, delete any Product from the list of Products described in Exhibit C or Exhibit D, whichever is
applicable, upon thirty (30) days’ written notice to the other party.

 

3.7.2                        Purchase Orders.  Purchase orders shall be in writing or a mode
agreeable to both parties, subject to the terms of this Agreement, and must
contain the following: (a) description of the Products to be purchased, (b) quantity
to be purchased, (c) delivery schedule, (d) bill-to and ship-to
destinations, (e) price, (f) payment terms, and (g) routing
instructions.  All purchase orders
submitted by Distributor shall be governed exclusively by the terms and
conditions of this Agreement.  Any
preprinted terms and conditions in Distributor’s purchase order in addition to
or inconsistent with those contained in this Agreement shall be of no force and
effect unless the Company specifically and expressly agrees in writing to such
terms.

 

3.7.3                        Order
Acknowledgments.  Company
will notify Distributor if an order is accepted.  No purchase order shall be binding on Company
unless and until so accepted in writing by Company.

 

3.7.4                        Product
Acceptance.  Distributor
will inspect all Products for obvious physical damage promptly upon receipt
thereof and may reject any Products that fails in a material way to meet agreed
upon specifications for such Products. 
Any Product not properly rejected within thirty (30) days of receipt of
that Product by Distributor will be deemed accepted.  As promptly as practicable after receipt by
Company of properly rejected Products, Company will, at its option and expense,
replace the Products and return such replaced Product to Distributor or credit
Distributor’s account at the current price for the rejected Product.  Improperly rejected Products will be returned
to Distributor at Distributor’s expense. 
Company reserves the right to discontinue the manufacture of any
Product.

 

3.7.5                        Cancellation.  No cancellations shall be allowed within
thirty (30) days of scheduled ship date unless prior approval is obtained in
writing from Company.

 

3.7.6                        Payment Terms.  Company will supply Distributor with price
quotations, at Distributor’s request, for products.  Payment for all orders shipped by Company
during a calendar month will be due on or before the 15th day of the second following month.  All payment shall be made in United States
dollars in immediately available funds by wire transfer to Company’s bank
account on routing instructions to be provided.

 

3.8 Compensation.  The difference between Distributor’s purchase
price for the Products and Distributor’s price paid by its Customers for such
Products will be Distributor’s sole remuneration for the purchase and sale of
the Products hereunder.  Distributor
shall have no right to receive any other payment or compensation from Company
for the purchase and sale of the Products or to receive reimbursement of any
expenses or

 

5

 

other
costs incurred by Distributor in connection therewith, unless specifically and
expressly provided for hereunder.

 

3.9 Limited Warranties; Disclaimer; Limited
Liability.

 

3.9.1                        Except for the
warranty of title, Company warrants only that each product to be delivered
hereunder shall, under normal use and conditions, at the time of delivery and
for ninety (90) days thereafter conform substantially to Company’s
specifications therefore.  However, the
Company will have no responsibility for any such defect arising from, relating
to, or in combination with, components, parts, or materials not produced or not
provided by the Company, including without limitation Distributor’s products,
and this limited warranty is void if the defect resulted from accident, abuse,
or misapplication of the products.

 

3.9.2                        As the Company’s
sole liability and Distributor’s exclusive remedy for breach of the limited
warranty in Section 3.9.1, Company shall, at its option, (a) repair
or replace at its expense (including return shipment) any Product found by
Company to be non-conforming to warranty, or (b) reimburse Distributor for
the purchase price allocable to such Products less reasonable deductions for
usage and general market depreciation; provided that Distributor first notifies
Company in writing of the alleged defective Products and then, at Distributor’s
expense, returns such Products to Company’s designated return facility within
the applicable warranty period along with a brief statement explaining the
alleged defect. Returned Products that are found by Company to conform to such
warranty or are returned out-of-warranty will be repaired or replaced at
Company’s standard charges and shipped back to Distributor at Distributor’s
expense.  The warranty under this Section 3.9
shall not be valid if Company determines that the Product has been abused,
modified, altered, subjected to damage from accident or acts of nature or
otherwise used in breach of this Agreement or in a manner not in accordance
with the Company’s specifications or description.  THE FOREGOING STATES DISTRIBUTOR’S AND
CUSTOMER’S SOLE REMEDY AND THE COMPANY’S SOLE LIABILITY FOR BREACH OF THE
WARRANTY SET FORTH IN THIS SECTION 3.9. 
In no event shall Company be liable for any consequential or incidental
damages.  The Distributor shall have no
right or authority, express or implied, directly or indirectly, to alter,
enlarge or limit the representations or guarantees expressly contained in
Company’s most current written Product warranty as distributed by Company for
the applicable Product.  The Company may
withhold payments under Section 3.7.6 for any Product reasonably returned
for non-conformance to warranty.

 

3.9.3                        EXCEPT FOR THE
LIMITED WARRANTY PURSUANT TO SECTION 3.9.1 ABOVE, THE COMPANY DOES NOT
MAKE ANY WARRANTIES WITH RESPECT TO THE PRODUCTS OR OTHERWISE UNDER THIS AGREEMENT.  ALL DATA, INFORMATION AND PRODUCTS
PROVIDED PURSUANT TO THIS AGREEMENT ARE PROVIDED ON AN “AS IS” BASIS, AND
NEITHER PARTY MAKES ANY WARRANTY AS TO THE ACCURACY, SUFFICIENCY, OR
SUITABILITY FOR THE OTHER’S USE OF ANY DATA, INFORMATION, PRODUCTS OR
ASSISTANCE PROVIDED HEREUNDER OR FOR MAKING PRODUCTS USING THE SAME.

 

3.9.4                        IN NO EVENT
SHALL EITHER PARTY ASSUME RESPONSIBILITY OR BE LIABLE FOR LOSS OR DAMAGES OF
ANY KIND, INCLUDING BUT NOT LIMITED TO DIRECT, INDIRECT,
CONSEQUENTIAL,

 

6

 

CONTINGENT,
OR INCIDENTAL, WHICH MIGHT ARISE OUT OF OR RELATING TO THE SALE OR USE OF ITS
PRODUCTS, WHETHER OR NOT SUCH PARTY HAS ADVANCE NOTICE OF THE POSSIBILITY OF
SUCH DAMAGES.  THE PARTIES SPECIFICALLY
DISCLAIM ANY WARRANTY OF ANY KIND, EITHER EXPRESS OR IMPLIED, INCLUDING
BUT NOT LIMITED TO THE IMPLIED WARRANTIES OF MERCHANTABILITY, FITNESS FOR A
PARTICULAR PURPOSE, TITLE, OR NONINFRINGEMENT.

 

4. PROPRIETARY RIGHTS AND INDEMNIFICATION.

 

4.1 Product Tradename License and Samples.  Ownership and all right, title and interest
in and to any trademarks, trade names or service marks which are valid and
enforceable, used with any Product are and shall remain vested solely in
Company.  Company grants to the
Distributor a limited license to use the trade name of Company and Company logo
solely to identify the Distributor as an independent distributor of
Company.  The Distributor shall provide
to Company, at no cost to Company, examples of all its uses of Company’s trade
name and logo and shall modify such use if requested by Company.  The Distributor shall not adopt any
trademark, trade name or service mark which is confusingly similar to the
trademark, trade name or service mark used by Company to sell or assist in the
sale of its Products.  Upon termination
of this Agreement, the Distributor will immediately cease all further use of
Company’s trademarks, trade names or service marks except as may be required in
the sale of Products in inventory.  The
Distributor’s rights and license under this Section 4.1 shall not survive
the termination of this Agreement.  All
products authorized by Company which are sold by the Distributor directly or
through its sales distribution channel must bear an authorized Company name, trademark
or logo, and no other except those authorized by Company in writing.  The Distributor may not put any Company
trademark, trade name, logo etc. on any product other than as authorized by
Company in writing.

 

4.2 No Licenses or Other Rights Granted.  Nothing in this Agreement will be construed
to grant any rights whatsoever in one party’s intellectual property to the
other Party.

 

4.3 Indemnification.  Company shall defend, indemnify, and hold
harmless Distributor and its officers, directors, employees, shareholders,
agents, successors and assigns from and against all claims, demands, damages,
liabilities, losses, settlements, costs and expenses (including reasonable
attorneys’ fees) of any kind that were awarded by final adjudication (from
which no appeal may be taken) by a court of competent jurisdiction, arising in
favor of any person, firm or corporation on account of any third party action
alleging that the marketing, sale or use of Products, or a component thereof,
by Distributor as contemplated under this Agreement violates or infringes any
third party’s United States patent issued as of the date hereof. The obligation
in Section 4.3 does not apply with respect to items (A) where the
alleged infringement or misappropriation relates to Company’s conformance with
specifications provided by the Distributor, if such infringement or
misappropriation would not have occurred but for such specification; (B) that
are modified after delivery by the Company, if the alleged infringement or
misappropriation would not have occurred but for such modification; (C) that
are combined with other products, processes or materials if such infringement
or misappropriation would not have occurred but for such combined use; (D) that
are used in a manner other than in accordance with the Company’s
specifications; or (E) where there is a failure to use replacement or
modified Products provided by the Company. Company’s obligations in this Section 4.3

 

7

 

areconditioned
upon Distributor (X) promptly notifying Company, in writing no later than
ten (10) days after Distributor’s receipt of notification of a potential
claim of which it becomes aware, (Y) permitting Company to have sole
control of the defense, settlement, adjustment or compromise of any such claim,
and (Z) providing Company with reasonable assistance in defending,
settling or compromising such claim, at Company’s reasonable expense; Company
will not be responsible for any settlement or compromise that it does not
approve in writing. If the Products become or in the Company’s opinion is
likely to become, the subject of an infringement claim, the Company may, at its
sole discretion, (i) procure for Distributor the right to continue using
the Products, (ii) modify or replace the Products so that there is no
infringement or violation, or (iii) if neither of the foregoing options
are reasonably available to the Company, accept the return of the Products and
refund to Distributor the amounts paid for the Products during the six months
prior to the date of the claim arose  THE
FOREGOING STATES THE ENTIRE LIABILITY AND OBLIGATIONS OF COMPANY AND THE
EXCLUSIVE REMEDY OF DISTRIBUTOR WITH RESPECT TO ANY ALLEGED OR ACTUAL
INFRINGEMENT OF PATENTS. NOTWITHSTANDING ANY PROVISION TO THE CONTRARY, AND
EXCEPT FOR THE LIABILITY SET FORTH UNDER SECTIONS 3.6.3 AND 3.6.4, COMPANY’S
MAXIMUM LIABILITY AND INDEMNIFICATION UNDER THIS AGREEMENT AND/OR IN CONNECTION
WITH THE SALE OF THE PRODUCTS SHALL NOT EXCEED THE AMOUNT OF THE PURCHASE PAID
BY DISTRIBUTOR FOR THE PRODUCTS THAT GIVE RISE TO ANY CLAIM DURING THE
SIX-MONTH PERIOD PRIOR TO THE FINAL AJUDICATION SETTING FORTH THE LIABILITY
AMOUNT.  THE LIMITATIONS OF LIABILITY
CONTAINED IN THIS AGREEMENT ARE FUNDAMENTAL PART OF THE BASIS OF EACH
PARTY’S BARGAIN HEREUNDER, AND NEITHER PARTY WOULD ENTER INTO THIS AGREEMENT
ABSENT SUCH LIMITATIONS.

 

5. Confidentiality.

 

5.1 For purposes of this Agreement, “Confidential
Information” means all non-public and/or proprietary information disclosed in
the course of the activity pursuant to this Agreement.  However, the obligation of Section 5.3
shall not apply to information (a) of which the receiving party (“Recipient”) was
rightfully in possession prior to disclosure, as evidenced by appropriate
documentation, (b) independently developed by employees or agents of
Recipient as demonstrated by the written records and that such persons have not
had access to any information disclosed by the disclosing party (“Provider”) hereunder,
(c) that becomes available to the Recipient or its agents from a source
other than the Provider or its agents, provided that such source is not, to the
Recipient’s reasonable knowledge, prohibited from transmitting such information
to the Recipient by a contractual, legal or fiduciary obligation to the Provider
or its agents, (d) that becomes publicly available without fault of
Recipient, (e) which is authorized for disclosure by the disclosing party
in writing, or (f) whose disclosure is required by order of a court or
governmental authority, provided that Provider shall have been given timely
notice of such requirement and that Recipient shall cooperate with Provider to
limit the scope and effect of such order.

 

5.2 Unless such information is disclosed orally, by
visual inspection or in the form of samples, Confidential Information shall be
designated as such by an appropriate legend, such as “Confidential” or “Proprietary.”  Confidential Information that is disclosed
orally or by visual inspection shall be identified as confidential before or at
the time of disclosure, and shall be confirmed as confidential in a written
notice given by Provider to Recipient within thirty (30) days after such
disclosure.  Such notice must contain a

 

8

 

reasonable
summary or identification of the orally or visually disclosed Confidential
Information and a statement to the effect that such information is Confidential
Information.

 

5.3 Recipient shall hold Provider’s Confidential
Information in strictest confidence for three (3) years from the date of
termination of this Agreement, using such measures as Recipient uses to protect
the confidentiality of its own Confidential Information of like importance, but
in no event using less than reasonable care. 
Recipient shall not make any disclosure of such Confidential Information
other than to its employees and consultants on a need to know basis.  Recipient shall inform each such employee and
consultant of Recipient’s confidentiality obligations under this Agreement, and
shall be jointly and severally liable for any breach of this Agreement by any
such employee or consultant.  Recipient
shall use the Confidential Information solely to perform the activities
contemplated by this Agreement.

 

6. TERM AND TERMINATION.

 

6.1 Term. 
The initial term of this Agreement shall commence on the Effective Date
and end (3)] years thereafter, unless earlier terminated as provided in this Section 6.  Thereafter, this Agreement shall be extended
automatically every year for an additional period of one (1) year, unless
terminated earlier pursuant to the terms of this Section 6 or unless
either party gives written notice to the other party of its intention not to
renew this Agreement at least thirty (30) days prior to the end of then current
term.

 

6.2 Termination for Convenience.  Notwithstanding Section 6.1, either
party may terminate this Agreement for its convenience without any liability to
the other party by giving the other party sixty (60) days prior written notice
of the termination.

 

6.3 Termination for Cause.  Either party may terminate this Agreement
immediately, upon written notice, (a) if the other party materially
breaches any term of this Agreement and fails to cure such breach within thirty
(30) days after receipt by the breaching party of written notice from the
non-breaching party describing such breach, (b) upon the institution by or
against the other party of insolvency, receivership or bankruptcy proceedings
or any other proceedings for the settlement of the other party’s debts not
dismissed within 60 days, (c) upon the other party’s making an assignment
for the benefit of creditors, or (d) upon the other party’s dissolution or
ceasing to conduct business in the normal course, or the other party’s failure
to pay its debts as they mature in the ordinary course of business.

 

6.4 Effect of Termination.  Upon termination or expiration of this
Agreement, (a) all rights granted to Distributor hereunder will
immediately cease; (b) Distributor shall immediately deliver the Quarterly
Report as to the period as yet unreported; (c) Distributor will
immediately cease all use, marketing, promotion and distribution of the Product
and return to the Company all copies of Company’s Confidential Information in
Distributor’s possession, custody or control. 
Upon termination or expiration of this Agreement, each party will
promptly return the other party’s Confidential Information.  The following Sections will survive
expiration or termination of this Agreement for any reason: Sections 3 through
5, 6.4 and 7.

 

7. GENERAL.

 

7.1 Governing Law.  This Agreement will be governed by the laws
of the State of California, United States, without giving effect to principles
of conflicts of laws.

 

9

 

Whenever
possible, each provision of this Agreement will be interpreted so as to be
effective and valid under applicable law, but if any provision is held to be
invalid under applicable law, either in whole or in part, the provision will be
ineffective only to the extent of such invalidity, and the remaining provisions
of this Agreement shall remain in full force and effect.

 

7.2 Dispute.

 

7.2.1                        Dispute
Resolution.  Any and all
disputes, controversies or claims concerning or relating to this Agreement (a “Dispute”)
will be addressed in accordance with the procedures specified in this Section 7.2,
which will be the sole and exclusive procedures for the resolution of such
Disputes.  All negotiations pursuant to
this provision are confidential and shall be treated as compromise and settlement
negotiations for purpose of the United States Federal Rules of Evidence
and state rules of evidence.

 

7.2.2                        Negotiation.  The parties will attempt in good faith to
resolve any Dispute promptly by negotiation. 
If the Dispute has not been resolved within sixty (60) days of a party’s
request for negotiation, either party may initiate mediation as provided in Section 7.2.3.

 

7.2.3                        Nonbinding
Mediation.  A party may
initiate mediation by giving notice to the other party.  Mediation will be nonbinding and before the
Judicial Arbitration and Mediation Services, Inc. (“JAMS”) under the then
effective JAMS Rules of Practice and Procedure.  The mediation shall take place in Santa Clara
County, California, regardless which party initiates the mediation.  The parties shall attempt to reach agreement
on the appointment of a mediator.  If
they cannot so agree, the mediator shall be appointed by JAMS and pursuant to
JAMS Rules of Practice and Procedure. 
The mediator will be a former judge of a federal or state court.  The mediation shall be completed within sixty
(60) days of its initiation, unless the parties otherwise agree.  The parties will bear their own costs and
expenses for participating in mediation under this Section 7.2.3,
including, without limitation, attorney’s fees, and shall shares equally the
mediator’s fees and expenses.

 

7.2.4                        Binding
Arbitration.  Any Dispute
that has not been resolved by mediation as provided in Section 7.2.3 may
be submitted to binding arbitration by the American Arbitration Association (“AAA”).  There will be one (1) neutral,
independent and impartial arbitrator selected in accordance with the AAA rules and
procedures then in effect; provided, however, the arbitrator may not vary,
modify or disregard any of the provisions contained in this Section 7.2.  The parties shall attempt to reach agreement
on the appointment of an arbitrator.  If
they cannot so agree, the arbitrator shall be appointed by the AAA.  The arbitration shall take place in Santa
Clara County, California, regardless which party initiates the
arbitration.  As part of any arbitration
conducted under this Section 7.2.4, each party may (i) request from
the other party documents and other materials relevant to the Dispute and
likely to bear on the issues in such Dispute, (ii) conduct no more than
five (5) oral depositions each of which will be limited to a maximum of
seven hours in testimony, (iii) propound to the other party no more than
two sets of interrogatories comprising a total of 35 questions, and (d) two
sets of requests for admissions comprising a total of 10 requested admissions
maximum. The decision and any award resulting from such arbitration shall be
final and binding.  Any final decision or
award from arbitration will be in writing and reasoned.  The judgment upon the award rendered by the
arbitrator may be entered by any court having jurisdiction thereof.  The arbitrator is not empowered to award
damages in excess of compensatory damages and each party hereby irrevocably
waives any right to

 

10

 

recover
such damages with respect to any Dispute resolved by arbitration.  Each party shall bear its own expenses
(including attorney’s fees) and an equal share of the expenses of the
arbitrator and the AAA fees.

 

7.2.5                        Confidentiality
in Dispute Resolution.  The
parties, their representatives, other participants and the mediator and
arbitrator shall hold the existence, content and result of the mediation and
arbitration in confidence.  All the
dispute resolution proceedings contemplated in this Section 7.2 will be as
confidential and private as permitted by law. 
The parties will not disclose the existence, content or results of any
proceedings conducted in accordance with this Section 7.2, and materials
submitted in connection with such proceedings will not be admissible in any
other proceeding, provided however, that this confidentiality provision will
not prevent a petition to vacate or enforce an arbitration award, and shall not
bar disclosures required by law.

 

7.2.6                        Injunctions;
Waiver.  Nothing in this Section 7.2
shall be construed to preclude any party from seeking injunctive relief from a
court without posting bond or other security, in order to protect its rights
pending mediation or arbitration.  If
either party chooses to seek such relief from a court, the parties consent to
the exclusive jurisdiction and venue of the courts located in Santa Clara
County, California.  A request by a party
to a court for such injunctive relief shall not be deemed a waiver of the
obligation to mediate or arbitrate.  EACH
PARTY ACKNOWLEDGES THAT THIS AGREEMENT TO ARBITRATE DISPUTES WAIVES THE PARTY’S
RIGHT TO TRIAL BY JURY OR COURT OR TO HAVE DISCOVERY UNDER COURT RULES.

 

7.3 Notices. 
All notices required or permitted to be given hereunder shall be in
writing and shall be either delivered by hand or national express courier or by
facsimile transmission with confirmation by express courier on the next
subsequent business day to the address and telephone number specified below (or
to such changed address as may be specified from time to time by notice duly
given).  Notice shall be deemed to have
been given upon receipt or, if given by fax, on the next business day following
transmission.

 

	
  If to Intematix:

  	
  Intematix
  Corporation

  
	
   

  	
  46410
  Fremont Blvd.

  
	
   

  	
  Fremont,
  California 94538

  
	
   

  	
  Fax:
  +1-510-668-0793

  
	
   

  	
  Attn:      Legal
  Counsel

  
	
   

  	
   

  
	
  If to SemiLEDs:

  	
  SemiLEDs
  Corporation

  
	
   

  	
  999
  Main Street, Suite 1010

  
	
   

  	
  Boise, Idaho
  83702

  
	
   

  	
  Fax:
  +1-208-728-3700

  
	
   

  	
  Attn:      Legal
  Counsel

  

 

7.4 Assignment; Sub-Contract.  Neither party may assign this Agreement
(other than by operation of law such as merger), delegate, sublicense or
sub-contract its performance under this Agreement, to any third party, other
than such party’s parent or wholly-owned subsidiaries, without obtaining the
prior written consent of the other party. 
Any purported transfer, assignment, delegation, sublicense or
sub-contract without the appropriate prior written consent shall be null and
void when attempted and of no force and effect. 
This Agreement shall be binding upon the successors and permitted
assigns of SemiLEDs and Intematix.

 

11

 

7.5 Miscellaneous Provisions.  Nothing contained in this Agreement shall be
construed as creating a partnership or joint venture by or between the parties
or constitute either party the agent of the other.  Any provision of this Agreement may be waived
by the party entitled to the benefit thereof. 
Neither party shall be deemed, by any act or omission, to have waived
any of its rights or remedies hereunder unless such waiver is in writing and
signed by an officer of such party and then only to the extent specifically set
forth in such writing.  A waiver with
reference to one event shall not be construed as continuing or as a bar to
waiver of any right or remedy as to a subsequent event.  This Agreement constitutes the parties’
entire agreement with respect to the subject matter hereof, and all prior
agreements or understandings between them concerning such subject matter shall
not have any further force or effect. 
This Agreement may be modified only by a writing signed by both
parties.  This Agreement may be executed
by facsimile and in one or more counterparts, each of which will be deemed an
original, and all of which taken together shall be deemed one and the same
instrument.  Each party shall be
responsible for its costs and expenses in connection with this Agreement and
the transactions contemplated herein.

 

7.6 Press Releases and Publicity.  The parties will issue joint press release
regarding the strategic relationship established under the Agreement and the
language of such press release shall not be unreasonably delayed or
conditioned.  The parties may reveal the
general strategic relationship reflected by this Agreement in third party
communications including those for promotional and marketing purposes.

 

7.7 Employees and Subcontractors.  Each party warrants that it will have
agreements in place with its employees and others whose services it will utilize
pursuant to this Agreement sufficient to enable such Party to comply with all
provisions of this Agreement.

 

7.8 Compliance with Laws.  Each Party will comply with all applicable
laws and regulations (including, without limitation, the laws and regulations
of the Parties’ government(s) relating to export, import, labor and
employment) and defend and hold the other harmless from any expense or damage
resulting from its violation or alleged violation of any such law or regulation
in the performance of this Agreement.

 

7.9 Force Majeure.  Neither party will be liable for delay or
failure to fulfill its obligations under this Agreement due to acts of God
beyond its reasonable control, provided it promptly notifies the other party
and uses reasonable efforts to correct such failure or delay in its
performance.

 

IN
WITNESS WHEREOF, the parties have executed this Agreement as of the date first
above written.

 

	
  SEMILEDS CORPORATION

  	
  INTEMATIX CORPORATION

  
	
   

  	
   

  
	
   

  	
   

  
	
  By:

  	
   

  	
   

  	
  By:

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Name:

  	
   

  	
   

  	
  Name:

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Title:

  	
   

  	
   

  	
  Title:

  	
   

  

 

12

 

Exhibit A

 

INTEMATIX’S APPROVED CUSTOMERS

 

CONFIDENTIAL

 

Hongli
Opto-Electronics Co., Ltd. 

Neo-Neon Industrial Co., Ltd 

Mason Technologies

 

Exhibit A

 

Exhibit B

 

CUSTOMER QUALIFICATION FORM

 

Intematix
will be required to complete this application and return (preferably by email)
to SemiLEDs.  Contact information for
SemiLEDs is as follows:

 

	
  Name:

  	
  SemiLEDs
  Corporation

  
	
  Address:

  	
  999
  Main Street, Suite 1010, Boise, Idaho 83702

  
	
  Phone:

  	
  +1-389-7426

  
	
  Fax:

  	
  +1-208-728-3700

  
	
  Email:

  	
  Sales@SemiLEDs.com

  

 

 

	
  Potential Customer Information (required)

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  Company
  Name:

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  Division/Department/Subsidiary/Parent:

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  Office
  Locations / Addresses worldwide:

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  Contact
  Person:

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  Contact
  Information:

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  Business of Potential Customer:

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  Submitted By

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  Name:

  	
   

  	
  Signature
  and Date:

  
	
   

  	
   

  	
   

  
	
  Title:

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  Telephone
  Number:

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  Fax:

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  Email:

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  Acceptance Acknowledgement

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  SemiLEDs
  Corporation

  	
   

  	
  Signature
  and Date:

  
	
   

  	
   

  	
   

  
	
  By:

  	
   

  	
   

  
	
  Name:

  	
   

  	
   

  
	
  Title:

  	
   

  	
   

  

 

Exhibit B

 

Exhibit C

 

INTEMATIX’S PHOSPHORS

 

All phosphors being marketed by Intematix.

 

Exhibit C

 

Exhibit D

 

SEMILEDS’ LED CHIPS

 

All LED chips being marketed by SemiLEDs.

 

Exhibit D

 

Exhibit E

 

COLLABORATION PLAN

 

I.                 PROJECT 1:  One Package Solution

 

A.                                   Project Scope
and Objective:

 

Jointly
work on 390 nm to 470 nm phosphor developments for a white light LED Display
and SSL application.  The parties will
work closely in optimizing the Intematix phosphors in combination with SemiLED
chips for high brightness, temperature stability, reliability, and unsorted
wavelength chips: (1) to achieve 50 lumen/watt for cold light (6500K), 45
lumen/watt for warm light (3200K) for UV LED excited solutions; (2) to
achieve 80 lumen/watt for cold light (6500K), 60 lumen/watt for warm light
(3200K) for Blue LED excited solutions; (3) to prove concept of Intematix
SmartPhosphorTM using unsorted SemiLED chips with 10 nm range;
and (4) other lighting solutions as are jointly agreed.

 

B.                                     Roles and
Responsibilities of the Parties:

 

Will
include:

 

·                  Intematix will work to
optimize the performance of its phosphor with 390 - 470 nm dies as a pump
source for both cold and warm light applications (the “Developed Phosphor”).

 

·                  Intematix will (i) deliver
to SemiLEDs a reasonably sufficient amount of the Developed Phosphor as
SemiLEDs shall reasonably request and (ii) share with SemiLEDs in
confidence the specifications and other information relating to its Developed
Phosphor to assist SemiLEDs in fine-tuning packaged white lamps, using 390 nm
to 470 nm dies.

 

·                  SemiLEDs will work to
optimize the performance of its dies (“SemiLEDs Chips”) using the Developed
Phosphor.

 

·                  The parties will share with
each other in confidence the results of its effort under this Agreement and
other information relating to the Developed Phosphor and related lighting applications.

 

·                  The parties shall cooperate
under the above program to achieve a mutually successful outcome.

 

C.                                     Schedule and
Milestones and Start and End Dates:

 

To
be agreed upon at initial meeting.

 

Exhibit E

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