Document:

Exhibit 10.2

 

INDEMNIFICATION AGREEMENT

 

This Indemnification
Agreement (the “Agreement”) is entered into as of                ,
2008 by and between Marvell Technology Group Ltd., a Bermuda company (the “Company”),
and the undersigned (“Indemnitee”).

 

RECITALS

 

1. The Company recognizes
that highly competent persons are becoming more reluctant to serve corporations
as directors or in other capacities unless they are provided with adequate
protection through insurance or adequate indemnification against risks of
claims and actions against them arising out of their services to the
corporation.

 

2. The Board of Directors
of the Company (the “Board” or the “Board of Directors”) has
determined that the inability to attract and retain highly competent persons to
serve the Company is detrimental to the best interests of the Company and its
shareholders and that it is reasonable and necessary for the Company to provide
adequate protection to such persons against risks of claims and actions against
them arising out of their services to the corporation.

 

3. The Indemnitee does
not regard the indemnities available under applicable law and the Company’s
bye-laws, as amended from time to time (the “Bye-Laws”), as adequate to
protect Indemnitee against the risks associated with Indemnitee’s service to
the Company.

 

4. The Company is willing
to indemnify Indemnitee to the fullest extent permitted by applicable law, and
Indemnitee is willing to serve and continue to serve the Company on the
condition that Indemnitee be so indemnified.

 

AGREEMENT

 

In consideration of the
premises and the covenants contained herein, the Company and Indemnitee do
hereby covenant and agree as follows:

 

A.                 DEFINITIONS

 

The following terms shall
have the meanings defined below:

 

Expenses
shall include all expenses, damages, judgments, fines, penalties and amounts
paid in settlement (if such settlement is approved in advance by the Company,
which approval shall not be unreasonably withheld or delayed), costs, attorneys’
fees and disbursements and costs of attachment or similar bond, investigations,
any expenses paid or incurred in connection with investigating, defending,
being a witness in, participating in (including on appeal), or preparing for
any of the foregoing in, any Proceeding and any U.S. federal, state, local or
foreign taxes imposed on the Indemnitee as a result of the actual or deemed
receipt of any payments under this Agreement, and all interest, assessments and
other charges paid or payable thereon or in respect thereto.

 

Indemnifiable
Event means any event or occurrence that takes place either
before or after the execution of this Agreement, related to the fact that
Indemnitee is or was a director, officer, employee, controlling person, agent
or fiduciary of the Company or any of its subsidiaries, or is or was serving at
the request of the Company as a director, officer, employee, controlling
person, agent or fiduciary of another corporation, partnership, joint venture
or other entity, or related to anything done or not done by Indemnitee in or
about the execution of his or her duty, or supposed duty, in any such capacity.

 

Participant
means a person who is a party to, or witness or participant (including on
appeal) in, a Proceeding.

 

Proceeding
means any threatened, pending, or completed action, suit, arbitration,
alternative dispute resolution mechanism or proceeding, or any inquiry, hearing
or investigation, whether civil, criminal, administrative, investigative or
other, including appeal, in the United States or anywhere else in the world,
which Indemnitee may be or may have 

 

 

been involved as a party or otherwise by reason of an
Indemnifiable Event, including, without limitation, any threatened, pending, or
completed action, suit or proceeding by or in the right of the Company.

 

B.                 AGREEMENT TO
INDEMNIFY

 

1.       General Agreement.
In the event Indemnitee was, is, or becomes a Participant in, or is threatened
to be made a Participant in, a Proceeding, the Company shall indemnify the
Indemnitee from and against any and all Expenses which Indemnitee actually and
reasonably incurs or becomes obligated to incur in connection with such
Proceeding, to the fullest extent permitted by applicable law.

 

2.       Indemnification of
Expenses of Successful Party. Notwithstanding any other provision of this
Agreement, to the extent that Indemnitee has been successful on the merits in
defense of any Proceeding or in defense of any claim, issue or matter in such
Proceeding, Indemnitee shall be indemnified against all Expenses actually and
reasonably incurred in connection with such Proceeding or such claim, issue or
matter, as the case may be, offset by the amount of cash, if any, received by
the Indemnitee resulting from his/her success therein.

 

3.       Partial Indemnification.
If Indemnitee is entitled under any provision of this Agreement to
indemnification by the Company for a portion of Expenses, but not for the total
amount of Expenses, the Company shall indemnify the Indemnitee for the portion
of such Expenses to which Indemnitee is entitled.

 

4.       Exclusions. Notwithstanding
anything in this Agreement to the contrary, Indemnitee shall not be entitled to
indemnification under this Agreement:

 

(a)        to the extent that payment
is actually made to Indemnitee under a valid, enforceable and collectible
insurance policy;

 

(b)        to the extent that
Indemnitee is indemnified and actually paid other than pursuant to this
Agreement;

 

(c)        in connection with a
judicial action by or in the right of the Company, in respect of any claim,
issue or matter as to which the Indemnitee shall have been adjudicated by final
judgment in a court of competent jurisdiction to be liable for willful neglect
or default in the performance of his duty to the Company unless and only to the
extent that any court in which such action was brought shall determine upon
application that, despite the adjudication of liability but in view of all the
circumstances of the case, the Indemnitee is fairly and reasonably entitled to
indemnity for such Expenses as such court shall deem proper;

 

(d)        in connection with any
Proceeding initiated by Indemnitee against the Company, any director or officer
of the Company or any other party, and not by way of defense, unless (i) the
Company has joined in or the Reviewing Party (as hereinafter defined) has
consented to the initiation of such Proceeding; or (ii) the Proceeding is
one to enforce indemnification rights under this Agreement or any applicable
law;

 

(e)        brought about by the
dishonesty or fraud of the Indemnitee seeking payment hereunder; provided, however, that
the Indemnitee shall be protected under this Agreement as to any claims upon
which suit may be brought against him by reason of any alleged dishonesty or
fraud on his part, unless a judgment or other final adjudication thereof
adverse to the Indemnitee establishes that he committed fraud or dishonesty, in
each instance where such acts were material to the cause of action so
adjudicated;

 

(f)         arising out of Indemnitee’s
personal tax matters;

 

(g)        for any Expenses or
payment of profits arising from the purchase and sale by the Indemnitee of
securities in violation of Section 16(b) of the Exchange Act or any
similar successor statute;

 

(h)        for any Expenses,
judgment, fine or penalty which the Company is prohibited by applicable law
from paying to Indemnitee.

 

5.       No Employment Rights.
Nothing in this Agreement is intended to create in any Indemnitee who is an
employee of the Company any right to continued employment with the Company.

 

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6.       Contribution. If the
indemnification provided in this Agreement is unavailable and may not be paid
to Indemnitee for any reason (other than those set forth in Section B.4),
then the Company shall contribute to the amount of Expenses paid in settlement
actually and reasonably incurred and paid or payable by Indemnitee in such
proportion as is appropriate to reflect (i) the relative benefits received
by the Company on the one hand and by the Indemnitee on the other hand from the
transaction from which such Proceeding arose, and (ii) the relative fault
of the Company on the one hand and of the Indemnitee on the other hand in
connection with the events which resulted in such Expenses, as well as any
other relevant equitable considerations. The relative fault of the Company on
the one hand and of the Indemnitee on the other hand shall be determined by
reference to, among other things, the parties’ relative intent, knowledge,
access to information and opportunity to correct or prevent the circumstances
resulting in such Expenses, judgments, fines or settlement amounts. The Company
agrees that it would not be just and equitable if contribution pursuant to this
Section 6 were determined by pro rata allocation or any other method of
allocation which does not take account of the foregoing equitable considerations.

 

C.                 INDEMNIFICATION
PROCESS

 

1.       Notice and Cooperation
By Indemnitee. Indemnitee shall, as a condition precedent to his right to
be indemnified under this Agreement, give the Company notice in writing as soon
as practicable of any claim made against Indemnitee for which indemnification
will or could be sought under this Agreement, provided
that the delay of Indemnitee to give notice hereunder shall not prejudice any
of Indemnitee’s rights hereunder, except to the extent that such delay results
in the Company’s forfeiture of substantive rights or defenses. Notice to the
Company shall be given in accordance with Section F.7 below. In addition,
Indemnitee shall give the Company such information and cooperation as the
Company may reasonably request.

 

2.       Indemnification Payment.

 

(a)        Advancement
of Expenses. Indemnitee may submit a written request with reasonable
particulars to the Company requesting that the Company advance to Indemnitee
all Expenses that may be reasonably incurred by Indemnitee in connection with a
Proceeding to the fullest extent permitted by applicable law. The Company
shall, within ten (10) business days of receiving such a written request
by Indemnitee, advance all requested Expenses to Indemnitee; provided, however,
that Indemnitee shall set forth in such request reasonable evidence that such
Expenses have been incurred by the Indemnitee in connection with such
Proceeding, a statement that such Expenses do not relate to any matter
described in Section B.4 above, and an undertaking in writing to repay any
advances if it is ultimately determined that the Indemnitee is not entitled to
indemnification under this Agreement.

 

 (b)       Reimbursement of Expenses.
To the extent Indemnitee has not requested any advanced payment of Expenses from
the Company, Indemnitee shall be entitled to receive reimbursement for the
Expenses actually and reasonably incurred in connection with a Proceeding from
the Company as soon as practicable after Indemnitee makes a reasonably detailed
written request to the Company for reimbursement.

 

(c)        Determination
by the Reviewing Party. Notwithstanding anything foregoing to the
contrary, in the event the Reviewing Party informs the Company that Indemnitee
is not entitled to indemnification in connection with a Proceeding under this
Agreement or applicable law, Indemnitee shall reimburse the Company for all
Expenses previously advanced or otherwise paid to Indemnitee in connection with
such Proceeding; provided, however,
that Indemnitee may bring a suit to enforce his indemnification right in
accordance with Section C.3 below.

 

3.       Suit to Enforce Rights.
Regardless of any action by the Reviewing Party, if Indemnitee has not received
full indemnification within thirty (30) days after making a written demand
in accordance with Section C.2 above, Indemnitee shall have the right to
enforce its indemnification rights under this Agreement by commencing
litigation in any court of competent jurisdiction seeking a determination by
the court or challenging any determination by the Reviewing Party or any breach
in any aspect of this Agreement. Any determination by the Reviewing Party not
challenged by Indemnitee and any judgment entered by the court shall be binding
on the Company and Indemnitee.

 

4.       Assumption of Defense.
In the event the Company is obligated under this Agreement to advance or bear
any Expenses for any Proceeding against Indemnitee, the Company shall be
entitled to assume the defense of such Proceeding, with counsel approved by
Indemnitee, upon delivery to Indemnitee of written notice of its election to do
so. After delivery of such notice, approval of such counsel by Indemnitee and
the retention of such counsel by the Company, 

 

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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, unless (i) the employment of counsel by
Indemnitee has been previously authorized by the Company, (ii) Indemnitee
shall have reasonably concluded, based on written advice of counsel, that there
may be a conflict of interest of such counsel retained by the Company between
the Company and Indemnitee in the conduct of any such defense, or (iii) the
Company ceases or terminates the employment of such counsel with respect to the
defense of such Proceeding, in any of which events the reasonable fees and
expenses of Indemnitee’s counsel shall be at the expense of the Company. At all
times, Indemnitee shall have the right to employ counsel in any Proceeding at
Indemnitee’s expense.

 

5.       Defense to
Indemnification, Burden of Proof and Presumptions. It shall be a defense to
any action brought by Indemnitee against the Company to enforce this Agreement
that it is not permissible under this Agreement or applicable law for the
Company to indemnify the Indemnitee for the amount claimed. In connection with
any such action or any determination by the Reviewing Party or otherwise as to
whether Indemnitee is entitled to be indemnified under this Agreement, the
burden of proving such a defense or determination shall be on the Company.
Neither the failure of the Reviewing Party or the Company to have made a
determination prior to the commencement of such action by Indemnitee that
indemnification is proper under the circumstances because Indemnitee has met
the standard of conduct set forth in applicable law, nor an actual
determination by the Reviewing Party or the Company that Indemnitee had not met
such applicable standard of conduct shall be a defense to the action or create
a presumption that Indemnitee has not met the applicable standard of conduct.

 

6.       No Settlement Without
Consent. Neither party to this Agreement shall settle any Proceeding in any
manner that would impose any damage, loss, penalty or limitation on Indemnitee
without the other party’s written consent. Neither the Company nor Indemnitee
shall unreasonably withhold its consent to any proposed settlement.

 

7.       Company Participation.
Subject to Section B.6, the Company shall not be liable to indemnify the
Indemnitee under this Agreement with regard to any judicial action if the
Company was not given a reasonable and timely opportunity, at its expense, to
participate in the defense, conduct and/or settlement of such action.

 

8.       Reviewing Party. For
purposes of this Agreement, in the event that the Disinterested Directors (as
defined below) do not direct otherwise as contemplated in the immediately
succeeding sentence, the Reviewing Party with respect to each indemnification
request of Indemnitee shall be (1) by a majority vote of the Disinterested
Directors, even though less than a quorum of the Board, (2) by a committee
of Disinterested Directors designated by a majority vote of the Disinterested
Directors, even though less than a quorum of the Board or (3) by the
shareholders of the Company by majority vote of a quorum thereof consisting of
shareholders who are not parties to the Proceeding due to which a claim for
indemnification is made under this Agreement. In the event that (1) there
are no Disinterested Directors or (2) a majority of the Disinterested
Directors (or a committee thereof) so directs, the Reviewing Party with respect
to each indemnification request of Indemnitee shall be Independent Counsel (as
defined in Section 8(d) of this Agreement) in a written opinion to
the Board, a copy of which shall be delivered to Indemnitee.  If it is determined that Indemnitee is
entitled to indemnification, payment to Indemnitee shall be made within ten (10) days
after such determination. Indemnitee shall cooperate with the person, persons
or entity making such determination with respect to Indemnitee’s entitlement to
indemnification, including providing to such person, persons or entity upon
reasonable advance request any documentation or information which is not
privileged or otherwise protected from disclosure and which is reasonably
available to Indemnitee and reasonably necessary to such determination. Any
Independent Counsel or member of the Board shall act reasonably and in good
faith in making a determination under this Agreement of the Indemnitee’s
entitlement to indemnification. Any reasonable costs or expenses (including
reasonable attorneys’ fees and disbursements) incurred by Indemnitee in so
cooperating with the person, persons or entity making such determination shall
be borne by the Company (irrespective of the determination as to Indemnitee’s
entitlement to indemnification), and the Company hereby indemnifies and agrees
to hold Indemnitee harmless therefrom to the extent as aforesaid to the fullest
extent permitted by applicable law. “Disinterested Director” means a
director of the Company who is not and was not a party to the Proceeding in
respect of which indemnification is sought by Indemnitee.

 

(b)        If the determination of
entitlement to indemnification is to be made by Independent Counsel, the
Independent Counsel shall be selected as provided in this Section 8(b).
The Independent Counsel shall be selected by Indemnitee (unless Indemnitee
shall request that such selection be made by the Board of Directors, in which
event the Board of Directors by a majority vote of a quorum consisting of
Disinterested Directors shall select), and Indemnitee 

 

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shall give written notice to the Company advising it
of the identity of the Independent Counsel so selected. In either event,
Indemnitee or the Company, as the case may be, may, within ten (10) days
after such written notice of selection shall have been given, deliver to the
Company or to Indemnitee, as the case may be, a written objection to such
selection; provided, however,
that such objection may be asserted only on the ground that the Independent
Counsel so selected does not meet the requirements of “Independent Counsel”
as defined in Section 8(d) of this Agreement, and the objection shall
set forth with particularity the factual basis of such assertion. Absent a
proper and timely objection, the person so selected shall act as Independent
Counsel. If a written objection is made and substantiated, the Independent
Counsel selected may not serve as Independent Counsel unless and until such
objection is withdrawn or a court has determined that such objection is without
merit. If the determination of entitlement to indemnification is to be made by
Independent Counsel, but within 20 days after submission by Indemnitee of a
written request for indemnification, no Independent Counsel shall have been
selected and not objected to, then the Board of Directors by a majority vote
shall select the Independent Counsel. The Company shall pay any and all
reasonable fees and expenses of Independent Counsel incurred by such
Independent Counsel in connection with acting under this Agreement, and the
Company shall pay all reasonable fees and expenses incident to the procedures
of this Section 8(b), regardless of the manner in which such Independent
Counsel was selected or appointed.

 

(c)        In making a determination
with respect to entitlement to indemnification hereunder, the Reviewing Party
shall presume that Indemnitee is entitled to indemnification under this
Agreement if Indemnitee has submitted a request for indemnification in
accordance with this Agreement, and the Company shall have the burden of proof
to overcome that presumption in connection with the making by any person,
persons or entity of any determination contrary to that presumption. The
termination of any Proceeding or of any claim, issue or matter therein, by
judgment, order, settlement (with or without court approval), conviction, or
upon a plea of nolo contendere or its
equivalent, shall not (except as otherwise expressly provided in this
Agreement) of itself adversely affect the right of Indemnitee to
indemnification or create a presumption that Indemnitee did not act in good
faith and in a manner which he reasonably believed to be in or not opposed to
the best interests of the Company or, with respect to any criminal Proceeding,
that Indemnitee had reasonable cause to believe that his conduct was unlawful.
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 Company and any other corporation, partnership, joint
venture or other entity of which Indemnitee is or was serving at the written
request of the Company as a director, officer, employee, agent or fiduciary,
including financial statements, or on information supplied to Indemnitee by the
officers and directors of the Company or such other corporation, partnership,
joint venture or other entity in the course of their duties, or on the advice
of legal counsel for the Company or such other corporation, partnership, joint
venture or other entity or on information or records given or reports made to
the Company or such other corporation, partnership, joint venture or other
entity by an independent certified public accountant or by an appraiser or
other expert selected with reasonable care by the Company or such other
corporation, partnership, joint venture or other entity. In addition, the
knowledge and/or actions, or failure to act, of any director, officer, agent or
employee of the Company or such other corporation, partnership, joint venture
or other entity shall not be imputed to Indemnitee for purposes of determining
the right to indemnification under this Agreement. The provisions of this Section 8(c) 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 set forth in this Agreement.

 

(d)        “Independent Counsel”
means a law firm, or a member of a law firm, that is experienced in matters of
corporation law and neither presently is, nor in the past five (5) years
has been, retained to represent (i) the Company or Indemnitee in any
matter material to either such party (other than with respect to matters
concerning the Indemnitee under this Agreement, or of other indemnitees under
similar indemnification agreements), or (ii) any other party to the
Proceeding giving rise to a claim for indemnification hereunder.
Notwithstanding the foregoing, the term “Independent Counsel” shall not include
any person who, under the applicable standards of professional conduct then
prevailing, would have a conflict of interest in representing either the
Company or Indemnitee in an action to determine Indemnitee’s rights under this
Agreement. The Company agrees to pay the reasonable fees of the Independent
Counsel referred to above.

 

D.                 DIRECTOR AND
OFFICER LIABILITY INSURANCE

 

1.       Good Faith Determination.
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 officers
and directors of the Company with coverage for losses incurred in connection 

 

5

 

with their services to the Company or to ensure the
Company’s performance of its indemnification obligations under this Agreement.

 

2.       Coverage of Indemnitee.
To the extent the Company maintains an insurance policy or policies providing
directors’ and officers’ liability insurance, Indemnitee shall be covered by
such policy or policies, in accordance with its or their terms, to the maximum
extent of the coverage available for any of the Company’s directors or
officers.

 

3.       No Obligation.
Notwithstanding the foregoing, the Company shall have no obligation to obtain
or maintain any director and officer insurance policy if the Company determines
in good faith that such insurance is not reasonably available in the case that (i) premium
costs for such insurance are disproportionate to the amount of coverage
provided, (ii) the coverage provided by such insurance is limited by
exclusions so as to provide an insufficient benefit, or (iii) Indemnitee
is covered by similar insurance maintained by a parent or subsidiary of the
Company.

 

E.                 NON-EXCLUSIVITY;
FEDERAL PREEMPTION; TERM

 

1.       Non-Exclusivity.
The indemnification provided by this Agreement shall not be deemed exclusive of
any rights to which Indemnitee may be entitled under the Bye-Laws, applicable
law or any written agreement between Indemnitee and the Company (including its
subsidiaries and affiliates). The indemnification provided under this Agreement
shall continue to be available to Indemnitee for any action taken or not taken
while serving in an indemnified capacity even though he may have ceased to
serve in any such capacity at the time of any Proceeding.

 

2.       Federal
Preemption. Notwithstanding the foregoing, both the Company and Indemnitee
acknowledge that in certain instances, U.S. federal law or applicable public
policy may override applicable law and prohibit the Company from indemnifying
its directors and officers under this Agreement or otherwise. Indemnitee
acknowledges that the U.S. Securities and Exchange Commission believes that
indemnification for liabilities arising under certain U.S. federal securities
laws is against public policy and is, therefore, unenforceable and that the
Company may be required in the future to undertake with the United States
Securities and Exchange Commission to submit the question of indemnification to
a court in certain circumstances for a determination of the Company’s right
under public policy to indemnify Indemnitee.

 

3.       Duration
of Agreement. All agreements and obligations of the Company contained
herein shall continue during the period Indemnitee is an officer and/or a
director of the Company (or is or was serving at the request of the Company as
a director, officer, employee or agent of another corporation, partnership,
joint venture, trust or other enterprise) and shall continue thereafter so long
as Indemnitee shall be subject to any Proceeding by reason of his former or
current capacity at the Company or any other enterprise at the Company’s
request, whether or not he is acting or serving in any such capacity at the
time any Expense is incurred for which indemnification can be provided under
this Agreement. This Agreement shall continue in effect regardless of whether
or not Indemnitee continues to serve as an officer and/or a director of the
Company or any other enterprise at the Company’s request.

 

F.                 MISCELLANEOUS

 

1.       Amendment
of this Agreement. No supplement, modification, or amendment of this
Agreement shall be binding unless executed in writing by the parties hereto. No
waiver of any of the provisions of this Agreement shall operate as a waiver of
any other provisions (whether or not similar), nor shall such waiver constitute
a continuing waiver. Except as specifically provided in this Agreement, no
failure to exercise or any delay in exercising any right or remedy shall
constitute a waiver.

 

2.       Subrogation.
In the event of payment to Indemnitee by the Company 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 papers required and shall do
everything that may be necessary to secure such rights, including the execution
of such documents necessary to enable the Company to bring suit to enforce such
rights.

 

3.       Assignment;
Binding Effect. Neither this Agreement nor any of the rights or obligations
hereunder may be assigned by either party hereto without the prior written
consent of the other party; except that the Company may, without such consent,
assign all such rights and obligations to a successor in interest to the
Company which 

 

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assumes all obligations of the Company under this
Agreement. Notwithstanding the foregoing, this Agreement shall be binding upon
and inure to the benefit of and be enforceable by and against the parties
hereto and the Company’s 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, as well as Indemnitee’s
spouses, heirs, and personal and legal representatives.

 

4.       Severability and
Construction. 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 a court order, to perform
its obligations under this Agreement shall not constitute a breach of this
Agreement. In addition, if any portion of this Agreement shall be held by a
court of competent jurisdiction to be invalid, void, or otherwise
unenforceable, the remaining provisions shall remain enforceable to the fullest
extent permitted by applicable law. The parties hereto acknowledge that they
each have opportunities to have their respective counsels review this
Agreement. Accordingly, this Agreement shall be deemed to be the product of
both of the parties hereto, and no ambiguity shall be construed in favor of or against
either of the parties hereto.

 

5.       Counterparts. This
Agreement may be executed in two counterparts, both of which taken together
shall constitute one instrument.

 

6.       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, United States of America,
without giving effect to conflicts of law provisions thereof.

 

7.       Notices. All notices,
demands, and other communications required or permitted under this Agreement
shall be made in writing and shall be deemed to have been duly given if
delivered by hand, against receipt, or mailed, postage prepaid, certified or
registered mail, return receipt requested, and addressed to the Company at:

 

Marvell Technology Group Ltd.

5488 Marvell Lane

Santa Clara, CA 95054

Attention:
Chief Executive Officer

 

and to
Indemnitee at:

 

Clyde
Hosein

 

8.       Entire Agreement;
Superseding Agreement. This Agreement constitutes the entire agreement and
supersedes all prior agreements and understandings, both written and oral,
between the parties with respect to the subject matter hereof. Notwithstanding
anything to the contrary in this Agreement, at such time as the Company adopts
a form of director and officer indemnification agreement for use generally by
the Company’s directors and officers (the “General Agreement”), Indemnitee and
the Company agree that the parties hereto shall enter into the General
Agreement, and at such time as the General Agreement is executed by both
parties, the terms of the General Agreement shall be binding on the parties
hereto and the terms of this Agreement shall be of no further force or effect.

 

(Signature page follows)

 

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IN WITNESS WHEREOF, the
parties hereto execute this Agreement as of the date first written above.

 

	
   

  	
  COMPANY

  
	
   

  	
   

  
	
   

  	
  Marvell Technology Group Ltd.

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  Name:

  
	
   

  	
  Title:

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  INDEMNITEE

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  Name:   Clyde
  Hosein

  

 

Signature
Page to Indemnification AgreementExhibit 10.1

 

West Coast Opportunity Fund, LLC

c/o
West Coast Asset Management, Inc.

2151 Alessandro Drive, Suite 100

Ventura, CA 93001

 

 

May 29, 2008

 

American Defense Systems, Inc.

230
Duffy Avenue, Unit C

Hicksville,
NY 11801

Attention:
Gary Sidorsky, CFO

 

Reference is made to the Securities Purchase
Agreement, dated as of March 7, 2008, by and among American Defense
Systems, Inc., a Delaware corporation (the “Company”)
and the investors listed on the Schedule of Buyers attached thereto (the “Buyers”) (the “Securities Purchase
Agreement”).  Any capitalized
term used herein and not defined shall have the meaning assigned to it in the
Securities Purchase Agreement.

 

The Company and West Coast Opportunity Fund, LLC, a
Buyer (“West Coast”), hereby agree
that the obligations in the Securities Purchase Agreement for West Coast and
the Company to consummate the Additional Closing shall be terminated and
West Coast and the Company not shall consummate any Additional Closing.

 

This
letter agreement shall be governed by the internal laws of the State of New
York, without giving effect to any choice of law or conflict of law provision
or rule that would cause the application of the law of any jurisdiction
other than the State of New York.

 

On
or before 8:30 a.m., New York City time, on  the first (1st) Business Day following the date
hereof, the Company shall file a Current Report on Form 8-K describing the
terms of this letter agreement and attaching a copy of the form of this letter
agreement.

 

 

	
   

  	
   

  	
  Very
  truly yours,

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  WEST COAST OPPORTUNITY FUND,

  LLC

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
   

  
	
   

  	
   

  	
   

  	
  Name:

  
	
   

  	
   

  	
   

  	
  Title:

  
	
   

  	
   

  	
   

  	
   

  
	
  Agreed to and Accepted by:

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
  AMERICAN DEFENSE SYSTEMS, INC.

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
  By:

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
  Name:

  	
   

  	
   

  	
   

  
	
   

  	
  Title:

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00143-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00143-of-00352.parquet"}]]