Document:

Seagate Technology Executive Officer Severance and Change in Control (CIC) Plan

 EXHIBIT 10.1 
 SEAGATE TECHNOLOGY 
 EXECUTIVE OFFICER SEVERANCE AND CHANGE IN CONTROL (CIC) PLAN 

SECTION 1. INTRODUCTION. 
 THE SEAGATE
TECHNOLOGY EXECUTIVE OFFICER SEVERANCE AND CHANGE IN CONTROL (CIC) PLAN (the “Plan” or “Severance and CIC Plan”) was approved by the Board of Directors of SEAGATE TECHNOLOGY (the
“Company”) on August 21, 2008 to be effective as of September 1, 2008. The purpose of the Plan is to provide for the payment of severance benefits to certain eligible executive officers of the Company in the event their
employment with the Company is terminated involuntarily, as provided herein, and to encourage such officers to continue as employees of the Company in the event of a Change in Control (as defined herein). Except as otherwise stated herein, this Plan
shall supersede any severance benefit plan, policy or practice previously maintained by the Company (including, without limitation, the provisions of any employment agreement between any Eligible Officer and the Company). This Plan document also is
the Summary Plan Description for the Plan. 
 SECTION 2. ELIGIBILITY FOR BENEFITS. 
 (a) General Rules. Subject to the requirements set forth in this Section, the Company will grant severance benefits under the Plan to each Eligible
Officer. 
 (i) “Potential Eligible Officers” are all officers of the Company with the title of vice
president or more senior selected to participate in this Plan as indicated in the Benefits Schedules attached hereto. An “Eligible Officer” is any Potential Eligible Officer, other than those excluded under this Section 2,
whose employment with the Company is either (A) voluntarily terminated for Good Reason or (B) involuntarily terminated for a reason other than Cause (collectively, a “Termination Event”) and in connection with such
Termination Event is designated by the Company as an Eligible Officer. Additionally, an Eligible Officer shall be eligible for additional benefits under this Plan if the Termination Event occurs during the Change in Control Period. An Eligible
Officer who is involuntarily terminated for Cause shall not be eligible for benefits under this Plan. 
 (ii) In order
to be eligible to receive benefits under the Plan, in addition to meeting the requirements of an “Eligible Officer” set forth in Section 2(a)(i) above, an Eligible Officer must execute (A) a general waiver and release on the form
provided by the Company within 60 days of the Eligible Officer’s receipt thereof and (B) an agreement containing certain covenants on the form provided by the Company and covering the matters set forth in Section 6 of this Plan, the
scope and applicability of which covenants shall be determined by the Plan Administrator in its sole discretion (collectively, the “Release and Covenant Documents”). 

 (iii) Any Termination Event that triggers the payment of benefits under this Plan
must occur during the term of this Plan as specified in Section 9(b); provided that in any event eligibility for benefits shall continue for 24 months following the effective date of a Change in Control which occurs during such period.

 (b) Exceptions. A Potential Eligible Officer who otherwise is an Eligible Officer will not receive benefits under the Plan
in any of the following circumstances: 
 (i) The Eligible Officer is involuntarily terminated for any reason other
than a reason specified in Section 2(a)(i). 
 (ii) The Eligible Officer voluntarily terminates employment with
the Company for a reason other than Good Reason or for no reason. Voluntary terminations include, but are not limited to, death, Disability, resignation, retirement, or failure to return from a leave of absence on the scheduled date. 
 SECTION 3. DEFINITIONS. 
 Capitalized terms used in
this Plan, unless defined elsewhere in this Plan, shall have the following meanings: 
 (a) Beneficial Owner means the
definition given in Rule 13d-3 promulgated under the Exchange Act. 
 (b) Board means the Board of Directors of the Company.

 (c) Cause means (i) an Eligible Officer’s continued failure to substantially perform the material duties of his
office (other than as a result of total or partial incapacity due to physical or mental illness), (ii) embezzlement or theft by an Eligible Officer of the Company’s property, (iii) the commission of any act or acts on an Eligible
Officer’s part resulting in the conviction of such Eligible Officer of a felony under the laws of the United States or any state, (iv) an Eligible Officer’s willful malfeasance or willful misconduct in connection with such Eligible
Officer’s duties to Company or any other act or omission which is materially injurious to the financial condition or business reputation of the Company or any of its subsidiaries or affiliates, or (v) a material breach by an Eligible
Officer of any of the material provisions of (A) this Plan, (B) any non-compete, non-solicitation or confidentiality provisions to which such Eligible Officer is subject or (C) any policy of the Company to which such Eligible Officer
is subject. However, no termination shall be deemed for Cause under clause (i), (iv) or (v) unless the Eligible Officer is first given written notice by the Company of the specific acts or omissions which the Company deems constitute
grounds for a termination for Cause, is provided with at least 30 days after such notice to cure the specified deficiency and fails to substantially cure such deficiency within such time frame to the satisfaction of the Plan Administrator.

 (d) Change in Control means the occurrence of any of the following events: 
 (i) The sale, exchange, lease or other disposition of all or substantially all of the assets of the Company to a person or group of
related persons, as such terms are defined or described in Sections 3(a)(9) and 13(d)(3) of the Exchange Act, that will continue the business of the Company in the future; 
  

 2 

 (ii) A merger, consolidation or similar transaction involving the Company and at least
one other entity in which the voting securities of the Company owned by the shareholders of the Company immediately prior to such merger, consolidation or similar transaction do not represent, after conversion if applicable, more than fifty percent
(50%) of the total voting power of the surviving controlling entity outstanding immediately after such merger, consolidation or similar transaction; provided that any person who (1) was a Beneficial Owner of the voting securities of the
Company immediately prior to such merger, consolidation or similar transaction, and (2) is a Beneficial Owner of more than 20% of the securities of the Company immediately after such merger, consolidation or similar transaction, shall be
excluded from the list of “shareholders of the Company immediately prior to such merger, consolidation or similar transaction” for purposes of the preceding calculation; 
 (iii) Any person or group is or becomes the Beneficial Owner, directly or indirectly, of more than 50% of the total voting power of the
voting stock of the Company (including by way of merger, consolidation or otherwise); 
 (iv) During any period of two
consecutive years, individuals who at the beginning of such period constituted the Board (together with any new directors whose election by such Board or whose nomination for election by the shareholders of the Company was approved by a vote of a
majority of the directors of the Company then still in office, who were either directors at the beginning of such period or whose election or nomination for election was previously so approved) cease for any reason to constitute a majority of the
Board then in office; or 
 (v) A dissolution or liquidation of the Company. 
 (e) Change in Control Period means the period six months prior to and 24 months following the effective date of a Change in Control.

 (f) Code means the Internal Revenue Code of 1986, as amended. 
 (g) Company means Seagate Technology, an exempted limited liability company incorporated under the laws of the Cayman Islands, and any
successor as provided in Section 9(d) hereof. 
 (h) Disability means the physical or mental incapacitation such that for
a period of six consecutive months or for an aggregate of nine months in any 24-month consecutive period, an Eligible Officer is unable to substantially perform his or her duties. Any question as to the existence of that Eligible Officer’s
physical or mental incapacitation as to which the Eligible Officer or the Eligible Officer’s representative and the Company cannot agree shall be determined in writing by a qualified independent physician mutually acceptable to the Eligible
Officer and the Company. If the Eligible Officer and the Company cannot agree as to a qualified independent physician, each shall appoint such a physician and those two physicians shall select a third who shall make such determination in writing.
The determination of “Disability” made in writing to the Company and the Eligible Officer shall be final and conclusive for all purposes of the benefits under this Plan. 
  

 3 

 (i) Exchange Act means the Securities Exchange Act of 1934, as amended. 
 (j) Good Reason means an Eligible Officer’s resignation of his or her employment with the Company as a result of the occurrence of one
or more of the following actions, which such action or actions remain uncured for at least 30 days following written notice from such Eligible Officer to the Company describing the occurrence of such action or actions and asserting that such action
or actions constitute grounds for a Good Reason resignation which notice must be provided by the Eligible Officer no later than 90 days after the initial existence of such condition, provided that such resignation occurs no later than 60 days after
the expiration of the cure period: (i) without such Eligible Officer’s express written consent, any material diminution in the level of such Eligible Officer’s authority or duties; (ii) without such Eligible Officer’s
express written consent, a reduction of 10% or more in the level of the base salary or employee benefits to be provided to such Eligible Officer, other than a reduction implemented with the consent of such Eligible Officer or a reduction that is
equivalent to reduction in base salaries and/or employee benefits, as applicable, imposed on all other executives of the Company at a similar level within the Company; (iii) the relocation of such Eligible Officer to a principal place of
employment that increases such Eligible Officer’s one-way commute by more than 40 miles from such Eligible Officer’s current principal place of employment, without such Eligible Officer’s express written consent; or (iv) the
failure of any successor to the business of the Company or to substantially all of the assets and/or business of the Company to assume the Company’s obligations under this Plan as required by Section 9(d). 
 (k) IRS means the Internal Revenue Service. 
 (l) Pay means the Eligible Officer’s monthly base pay at the rate in effect on the Termination Date (or if greater, the last regularly scheduled payroll period immediately preceding either a Change
in Control or termination for Good Reason, as applicable) and inclusive of the Eligible Officer’s target bonus level (expressed as a percentage of base pay) with respect to the fiscal year prior to the Termination Date. In order to be included
as Pay, the target bonus level must be approved by the Plan Administrator under a bonus plan adopted by the Company. One-time bonuses paid by the Company that are not paid under a bonus plan adopted by the Company shall be excluded from Pay for
purposes of this Plan. Examples of such one-time bonuses are sign-on bonuses or special recognition bonuses. 
 (m) Plan means
this Seagate Technology Executive Officer Severance and CIC Plan. 
 (n) Severance Period means the number of months of Pay,
rounded to the nearest whole month, used for calculating the Eligible Officer’s cash severance benefits, as specified in the Benefits Schedules attached hereto. Notwithstanding the foregoing, in the event that the Eligible Officer becomes
eligible to receive additional benefits in connection with the occurrence of a Change in Control, the Severance Period shall be twelve months. 
 (o) Termination Date means the last date on which the Eligible Officer is in active employment status with the Company. 
  

 4 

 SECTION 4. AMOUNT OF BENEFIT. 
 Severance benefits payable under the Plan are as follows: 
 (a) Eligible Officers will receive the
benefits described in Sections 7 and 8 of the Plan and in the Benefit Schedules attached hereto. 
 (b) Notwithstanding any other
provision of the Plan to the contrary, any benefits payable to an Eligible Officer under this Plan shall be in lieu of any severance benefits payable by the Company to such individual under any other arrangement covering the individual, unless
expressly otherwise agreed to by the Company in writing. In the event that the Eligible Officer is entitled to receive severance benefits under any agreement or contract with the Company or any plan, policy, program or other arrangement adopted or
established by the Company (“Other Benefits”), any severance benefits payable hereunder shall be reduced by the Other Benefits. 
 SECTION 5. TIME OF PAYMENT AND FORM OF BENEFIT; INDEBTEDNESS. 
 (a) Benefits under this Plan shall be paid in a lump
sum unless otherwise determined by the Plan Administrator in its sole discretion. The Company reserves the right to determine the timing of such payments, provided, however, that no payment shall be made under this Plan prior to 10
days following the last day of any waiting period or revocation period as required by applicable law in order for the general waiver and release required by Section 2(a)(ii) of this Plan to be effective, and provided further that, unless
otherwise determined by the Plan Administrator in its sole discretion and subject to Section 16 of this Plan, all payments under this Plan will be completed within 30 days of the later of (i) an Eligible Officer’s Termination Date and
(ii) the date on which the Company receives the executed Release and Covenant Documents. 
 (b) If an Eligible Officer is
indebted to the Company at his or her Termination Date, the Company reserves the right to offset any severance payments under the Plan by the amount of such indebtedness. In no event shall payment of any Plan benefit be made prior to the Eligible
Officer’s Termination Date. 
 SECTION 6. ELIGIBLE OFFICER COVENANTS. 
 Severance benefits payable under the Plan may be subject to the following covenants made by each Eligible Officer (the “Covenants”), the
scope and applicability of which covenants shall be determined by the Plan Administrator in its sole discretion: 
 (a)
Non-Competition. During the Severance Period, an Eligible Officer will not directly or indirectly: 
 (i) engage
in any business that competes with the business of the Company, or its subsidiaries (including, without limitation, any businesses which the Company or its subsidiaries have specific plans to conduct in the future and as to which such Eligible
Officer is aware of such planning) in any geographical area which is within 100 miles of any geographical area in which the Company or its subsidiaries conduct such business (a “Competitive Business”); 
  

 5 

 (ii) enter the employ of, or render any services to, any person or entity (or any
division of any person or entity) who or which engages in a Competitive Business; 
 (iii) acquire a financial interest
in, or otherwise become actively involved with, any Competitive Business, directly or indirectly, as an individual, partner, shareholder, officer, director, principal, agent, trustee or consultant; or 
 (iv) interfere with, or attempt to interfere with, business relationships (whether formed before, on or after the date of this
Agreement) between the Company or any of its subsidiaries and customers, clients, suppliers, partners, members or investors of the Company or its subsidiaries. 
 Notwithstanding anything to the contrary in this Plan, an Eligible Officer may, directly or indirectly own, solely as a passive investment, securities of any person engaged in the business of the Company or its subsidiaries which are
actively traded on a public securities market (including the OTCBB and similar over-the-counter market) if such Eligible Officer (i) is not a controlling person of, or a member of a group which controls, such person and (ii) does not,
directly or indirectly, own 5% or more of any class of such actively traded securities of such person. 
 (b) Non-Solicitation of
Clients. During the Severance Period, an Eligible Officer will not, whether on such Eligible Officer’s own behalf or on behalf of or in conjunction with any person, company, business entity or other organization whatsoever, directly or
indirectly solicit or assist in soliciting in competition with the Company, the business of any client or prospective client: 
 (i) with whom such Eligible Officer had personal contact or dealings on behalf of the Company during the one year period preceding such Eligible Officer’s Termination Date; 
 (ii) with whom employees reporting to such Eligible Officer have had personal contact or dealings on behalf of the Company during
the one year immediately preceding such Eligible Officer’s Termination Date; or 
 (iii) for whom such Eligible
Officer had direct or indirect responsibility during the one year immediately preceding such Eligible Officer’s Termination Date. 
 (c) Non-Solicitation of Employees. During the Severance Period, an Eligible Officer will not, whether on such Eligible Officer’s own behalf or on behalf of or in conjunction with any person, company, business entity or
other organization whatsoever, directly or indirectly: 
 (i) solicit or encourage any employee of the Company or its
subsidiaries to leave the employment of the Company or its subsidiaries; or 
 (ii) encourage to cease to work with the
Company or its subsidiaries any consultant then under contract with the Company or its subsidiaries. 
  

 6 

 (d) During the term of an Eligible Officer’s employment with the Company, such Eligible
Officer will have access to and become acquainted with the Company’s and its affiliates’ confidential and proprietary information, including but not limited to, information or plans regarding the Company’s and its affiliates’
customer relationships, personnel or sales, marketing and financial operations and methods, trade secrets, formulas, devices, secret inventions, processes and other compilations of information, records and specifications (collectively,
“Proprietary Information”). During the Severance Period, an Eligible Officer shall not disclose any of the Company’s or its affiliates’ Proprietary Information, directly or indirectly, or use it in any way except in the
course of performing services for the Company and its affiliates, as authorized in writing by the Company or as required to be disclosed by applicable law. All files, records, documents, computer-recorded information, drawings, specifications,
equipment and similar items relating to the business of the Company or its affiliates, whether prepared by an Eligible Officer or otherwise coming into such Eligible Officer’s possession, shall remain the exclusive property of the Company or
its affiliates, as the case may be. Notwithstanding the foregoing, Proprietary Information shall not include information that is or becomes generally public knowledge other than as a result of a breach of this Section 6(d) or any obligation
that the Eligible Officer has to protect the confidentiality of the Proprietary Information of the Company and its affiliates. 
 (e)
It is expressly understood and agreed that although each Eligible Officer and the Company consider the restrictions contained in the Covenants to be reasonable, if a final judicial determination is made by a court of competent jurisdiction that the
time or territory or any other restriction contained in the Covenants is an unenforceable restriction against an Eligible Officer, for which injunctive relief is unavailable, the provisions of the Covenants shall not be rendered void but shall be
deemed amended to apply as to such maximum time and territory and to such maximum extent as such court may judicially determine or indicate to be enforceable. Furthermore, such a determination shall not limit the Company’s ability to cease
providing payments or benefits during the remainder of any Severance Period, if applicable, unless a court of competent jurisdiction has expressly declared that action to be unlawful. Alternatively, if any court of competent jurisdiction finds that
any restriction contained in the Covenants is unenforceable, and such restriction cannot be amended so as to make it enforceable, such finding shall not affect the enforceability of any of the other restrictions contained in the Covenants or other
provisions of this Plan. 
 (f) Benefits under this Plan will terminate immediately if the Eligible Officer, at any time, violates any
Covenants, any proprietary information or confidentiality obligation to the Company (including Section 6(d) above), including his or her obligations under the Company’s At-Will Employment, Confidential Information and Invention Assignment
Agreement (or any such similar agreement), or any other obligations under this Plan. 
 SECTION 7. CONTINUATION OF EMPLOYMENT BENEFITS. 
 (a) Health Plan Benefits Continuation. 
 (i) Each Eligible Officer who is enrolled in a health, vision or dental plan sponsored by the Company may be eligible to continue coverage (the “Continued Coverage”) under such health, vision
or dental plan (or to convert to an individual policy) 

  

 7 

 
under the Consolidated Omnibus Budget Reconciliation Act of 1985 (“COBRA”) or, with respect to any Eligible Officer domiciled outside of the
United States, such other comparable, applicable law, if any, in such jurisdiction at the time of the Eligible Officer’s termination of employment. The Company will notify the individual of any such right to continue health coverage at the time
of termination. In the event that an Eligible Officer is not eligible to receive Continued Coverage through the Company (either because such Eligible Officer is not enrolled in any plan sponsored by the Company or because such Eligible Officer will
be covered by a statutory scheme for continued health, vision or dental coverage that will not be an obligation of the Company), it is understood and agreed that this Section 7(a) shall not be applicable to such Eligible Officer and he or she
shall not be eligible to receive the Continued Coverage Premiums (as defined below) set forth on the attached Benefits Schedules. 
 (ii) In connection with the Continued Coverage, the Company will pay to the Eligible Officer the amount specified on the Benefit Schedules attached hereto, which represents such Eligible Officer’s Continued Coverage premiums for
a certain period of time (the “Continued Coverage Premiums”). The Continued Coverage Premiums will cover an Eligible Officer’s dependents if, and only to the extent that, such dependents were enrolled in a health, vision or
dental plan sponsored by the Company prior to the Eligible Officer’s Termination Date and such dependents’ premiums under such plans were paid by the Company prior to the Eligible Officer’s Termination Date. No provision of this Plan
will affect the continuation coverage rules under COBRA or any other applicable law. Therefore, the period during which an Eligible Officer must elect to continue the Company’s group medical, vision or dental coverage at his or her own expense
under COBRA or other applicable law, the length of time during which Continued Coverage will be made available to the Eligible Officer, and all other rights and obligations of the Eligible Officer under COBRA or any other applicable law (except the
obligation to pay premiums that the Company pays during the Severance Period) will be applied in the same manner that such rules would apply in the absence of this Plan. It is expressly understood and agreed that the Eligible Officer will be
responsible for the entire payment of premiums required under COBRA or other applicable law for the duration of the Continued Coverage period, if any. 
 (b) Other Employee Benefits. All non-health benefits (such as life insurance and disability coverage) terminate as of the Eligible Officer’s Termination Date (except to the extent that any
conversion privilege is available thereunder). 
 SECTION 8. EXCISE TAXES. 
 (a) In the event that any benefits payable to an Eligible Officer pursuant to this Plan (“Payments”) (i) constitute
“parachute payments” within the meaning of Section 280G of the Code, and (ii) but for this Section 8 would be subject to the excise tax imposed by Section 4999 of the Code, or any comparable successor provisions (the
“Excise Tax”), then the Eligible Officer’s payments hereunder shall be either (a) provided to the Eligible Officer in full, or (b) provided to the Eligible Officer as to such lesser extent which would result in no
portion of such benefits being subject to the Excise Tax, whichever of the foregoing amounts, when taking into account applicable federal, state, local and foreign income and employment taxes, the Excise Tax, and any other applicable taxes, results
in the receipt by the Eligible Officer, on an after-tax basis, of the greatest amount of benefits, notwithstanding that all or some 

  

 8 

 
portion of such benefits may be taxable under the Excise Tax. Unless the Company and the Eligible Officer otherwise agree in writing, any determination
required under this Section 8 shall be made in writing in good faith by a recognized accounting firm selected by the Company (the “Accountants”). In the event of a reduction of benefits hereunder, the Eligible Officer shall be
given the choice of which benefits to reduce. If the Eligible Officer does not provide written identification to the Company of which benefits he or she chooses to reduce within ten (10) days after written notice of the Accountants’
determination, and the Eligible Officer has not disputed the Accountants’ determination, then the Company shall select the benefits to be reduced. For purposes of making the calculations required by this Section 8, the Accountants may make
reasonable assumptions and approximations concerning applicable taxes and may rely on reasonable, good faith interpretations concerning the application of the Code and other applicable legal authority. The Company and the applicable Eligible Officer
shall furnish to the Accountants such information and documents as the Accountants may reasonably request in order to make a determination under this Section 8. The Company shall bear all costs the Accountants may reasonably incur in connection
with any calculations contemplated by this Section 8. 
 (b) If, notwithstanding any reduction described in Section 8(a),
the IRS determines that an Eligible Officer is liable for the Excise Tax as a result of the receipt of any payments made pursuant to this Plan, then the Eligible Officer shall be obligated to pay back to the Company, within thirty (30) days
after a final IRS determination or in the event that the Eligible Officer challenges the final IRS determination, a final judicial determination, a portion of the Payments equal to the “Repayment Amount.” The Repayment Amount shall
be the smallest such amount, if any, as shall be required to be paid to the Company so that the Eligible Officer’s net after-tax proceeds with respect to the Payments (after taking into account the payment of the Excise Tax and all other
applicable taxes imposed on such benefits) shall be maximized. The Repayment Amount shall be zero if a Repayment Amount of more than zero would not result in the Eligible Officer’s net after-tax proceeds with respect to the Payments being
maximized. If the Excise Tax is not eliminated pursuant to this Section 8(b), the Eligible Officer shall pay the Excise Tax. 
 (c) Notwithstanding any other provision of this Section 8, if (i) there is a reduction in the payments to an Eligible Officer as described in this Section 8, (ii) the IRS later determines that the Eligible Officer
is liable for the Excise Tax, the payment of which would result in the maximization of the Eligible Officer’s net after-tax proceeds (calculated as if the Eligible Officer’s benefits had not previously been reduced), and (iii) the
Eligible Officer pays the Excise Tax, then the Company shall pay to the Eligible Officer those payments which were reduced pursuant to this Section 8 as soon as administratively possible after the Eligible Officer pays the Excise Tax so that
the Eligible Officer’s net after-tax proceeds with respect to the payment of the Payments are maximized. 
 SECTION 9. RIGHT TO INTERPRET PLAN; AMEND
AND TERMINATE; OTHER ARRANGEMENTS; BINDING NATURE OF PLAN. 
 (a) Exclusive Discretion. The “Plan
Administrator” shall be the Compensation Committee of the Board. The Plan Administrator shall have the exclusive discretion and authority to establish rules, forms, and procedures for the administration of the Plan, and to 

  

 9 

 
construe and interpret the Plan and to decide any and all questions of fact, interpretation, definition, computation or administration arising in connection
with the operation of the Plan, including, but not limited to, the eligibility to participate in the Plan, the amount of benefits paid under the Plan, the timing of payments under the Plan and the scope and applicability of the covenants contained
in the Release and Covenant Documents. The rules, interpretations, computations and other actions of the Plan Administrator shall be binding and conclusive on all persons. For decisions made by the Plan Administrator that do not affect benefits
payable under the Plan on account of the occurrence of a Termination Event during the Change in Control Period, the Plan Administrator’s decisions shall not be subject to review unless they are found to be arbitrary or capricious. For decisions
made by the Plan Administrator that do affect benefits payable under the Plan on account of the occurrence of a Termination Event during the Change in Control Period, the Plan Administrator’s decisions shall not be subject to review unless they
are found to be unreasonable or not to have been made in good faith. The Plan Administrator may appoint one or more individuals and delegate such of its powers and duties as it deems desirable to any such individual(s), in which case every reference
herein made to the Plan Administrator shall be deemed to mean or include the appointed individual(s) as to matters within their jurisdiction. 
 (b) Term Of Plan; Amendment Or Termination; Binding Nature Of Plan. 
 (i) This Plan shall be effective
until August 31, 2009 and shall be extended thereafter for successive one-year periods unless the Company, by resolution of the Board, in its sole discretion elects not to renew the Plan at least six months prior to the date that the Plan is
then scheduled to expire. 
 (ii) The Company reserves the right to amend or terminate this Plan or the benefits
provided hereunder at any time; provided, however, that no such amendment that materially adversely affects the interests or rights of either any Eligible Officer or any other Officer in the event that such Officer were to become an
Eligible Officer and no termination shall either (A) take effect prior to the beginning of the first extension of the Plan that occurs at least twelve months following such action or (B) affect the right to any unpaid benefit of any
Eligible Officer whose Termination Date has occurred prior to amendment or termination of the Plan; and further provided, that during the Change in Control Period, the Plan shall not be amended or terminated and no Officer shall be
reclassified in any manner that would materially adversely affect the interests of such Officer without the written consent of the Officer or Officers so affected. Subject to the foregoing, this Plan establishes and vests in each Eligible Officer a
contractual right to the benefits to which such Eligible Officer is entitled hereunder, enforceable by the Eligible Officer against the Company. 
 (iii) Any action amending or terminating the Plan shall be in writing and approved by the Plan Administrator of the Company, except to the extent that this Plan specifies that such action shall be taken by the
Board. 
 (c) Other Severance Arrangements. The Company reserves the right to make other arrangements regarding severance
benefits in special circumstances. 
  

 10 

 (d) Binding Effect On Successor To Company. This Plan shall be binding upon any successor
or assignee, whether direct or indirect, by purchase, merger, consolidation or otherwise, to all or substantially all the business or assets of the Company, or upon any successor to the Company as the result of a Change in Control, and any such
successor or assignee shall be required to perform the Company’s obligations under the Plan, in the same manner and to the same extent that the Company would be required to perform if no such succession or assignment or Change in Control had
taken place. In such event, the term “Company,” as used in the Plan, shall mean the Company as hereinafter defined and any successor or assignee as described above which by reason hereof becomes bound by the terms and provisions of this
Plan. 
 SECTION 10. NO IMPLIED EMPLOYMENT CONTRACT. 
 The Plan shall not be deemed (i) to give any employee or other person any right to be retained in the employ of the Company or (ii) to interfere with the right of the Company to discharge any employee or
other person at any time and for any reason, which right is hereby reserved. 
 SECTION 11. LEGAL CONSTRUCTION. 
 This Plan is intended to be governed by and shall be construed in accordance with the Employee Retirement Income Security Act of 1974, as amended
(“ERISA”) and, to the extent not preempted by ERISA, the laws of the State of California with respect to those Eligible Officers domiciled in the United States and the laws of the applicable jurisdiction with respect to those
Eligible Officers domiciled outside of the United States. For the avoidance of doubt, in the event that any applicable law provides for severance benefits in excess of, or in addition to, those severance benefits to be provided under this Severance
and CIC Plan, such applicable law shall supersede this Plan and the Eligible Officer shall receive such enhanced severance benefits and no severance benefits otherwise payable under this Plan shall be provided to such Eligible Officer. This Plan is
intended to be (a) an employee welfare plan as defined in Section 3(1) of ERISA and (b) a “top-hat” plan maintained for the benefit of a select group of management or highly compensated employees of the Company. 

SECTION 12. CLAIMS, INQUIRIES AND APPEALS. 
 (a) Applications For Benefits And Inquiries. Any application for benefits, inquiries about the Plan or inquiries about present or future rights under the Plan must be submitted to the Plan Administrator in writing. The Plan
Administrator is: 
 The Compensation Committee 
 of the Board of Directors of 
 Seagate Technology 
 ATTN: Vice President of Compensation and Benefits 
 920 Disc Drive 
 Scotts Valley, California 95066 
 (b)
Denial Of Claims. In the event that any application for benefits is denied in whole or in part, the Plan Administrator must notify the applicant, in writing, of the denial of the application, and of the applicant’s right to review
the denial. The written notice of denial will be 

  

 11 

 
set forth in a manner designed to be understood by the employee, and will include specific reasons for the denial, specific references to the Plan provision
upon which the denial is based, a description of any information or material that the Plan Administrator needs to complete the review and an explanation of the Plan’s review procedure. 
 This written notice will be given to the employee within 90 days after the Plan Administrator receives the application, unless special circumstances
require an extension of time, in which case, the Plan Administrator has up to an additional 90 days for processing the application. If an extension of time for processing is required, written notice of the extension will be furnished to the
applicant before the end of the initial 90-day period. 
 This notice of extension will describe the special circumstances necessitating the
additional time and the date by which the Plan Administrator is to render its decision on the application. If written notice of denial of the application for benefits is not furnished within the specified time, the application shall be deemed to be
denied. The applicant will then be permitted to appeal the denial in accordance with the Review Procedure described below. 
 (c)
Request For A Review. Any person (or that person’s authorized representative) for whom an application for benefits is denied (or deemed denied), in whole or in part, may appeal the denial by submitting a request for a review to the Plan
Administrator within 60 days after the application is denied (or deemed denied). The Plan Administrator will give the applicant (or his or her representative) an opportunity to review pertinent documents in preparing a request for a review. A
request for a review shall be in writing and shall be addressed to: 
 Seagate Technology 
 Plan Administrator for the Executive Officer Severance and CIC Plan 
 ATTN: Vice President of Compensation and Benefits 
 920 Disc Drive 
 Scotts Valley, California 95066 
 A request for review
must set forth all of the grounds on which it is based, all facts in support of the request and any other matters that the applicant feels are pertinent. The Plan Administrator may require the applicant to submit additional facts, documents or other
material as it may find necessary or appropriate in making its review. 
 (d) Decision On Review. The Plan Administrator will
act on each request for review within 60 days after receipt of the request, unless special circumstances require an extension of time (not to exceed an additional 60 days), for processing the request for a review. If an extension for review is
required, written notice of the extension will be furnished to the applicant within the initial 60-day period. The Plan Administrator will give prompt, written notice of its decision to the applicant. In the event that the Plan Administrator
confirms the denial of the application for benefits in whole or in part, the notice will outline, in a manner calculated to be understood by the applicant, the specific Plan provisions upon which the decision is based. If written notice of the Plan
Administrator’s decision is not given to the applicant within the time prescribed in this Subsection (d), the application will be deemed denied on review. 
  

 12 

 (e) Rules And Procedures. The Plan Administrator will establish rules and procedures,
consistent with the Plan and with ERISA, as necessary and appropriate in carrying out its responsibilities in reviewing benefit claims. The Plan Administrator may require an applicant who wishes to submit additional information in connection with an
appeal from the denial (or deemed denial) of benefits to do so at the applicant’s own expense. 
 (f) Exhaustion Of
Remedies. No legal action for benefits under the Plan may be brought until the claimant (i) has submitted a written application for benefits in accordance with the procedures described by Section 12(a) above, (ii) has been
notified by the Plan Administrator that the application is denied (or the application is deemed denied due to the Plan Administrator’s failure to act on it within the established time period), (iii) has filed a written request for a review
of the application in accordance with the appeal procedure described in Section 12(c) above and (iv) has been notified in writing that the Plan Administrator has denied the appeal (or the appeal is deemed to be denied due to the Plan
Administrator’s failure to take any action on the claim within the time prescribed by Section 12(d) above). 
 SECTION 13. BASIS OF PAYMENTS TO
AND FROM PLAN. 
 All benefits under the Plan shall be paid by the Company. The Plan shall be unfunded, and benefits hereunder shall be
paid only from the general assets of the Company. 
 SECTION 14. OTHER PLAN INFORMATION. 
 (a) Employer And Plan Identification Numbers. The Employer Identification Number assigned to the Company (which is the “Plan
Sponsor” as that term is used in ERISA) by the Internal Revenue Service is 77-0545987. The Plan Number assigned to the Plan by the Plan Sponsor pursuant to the instructions of the Internal Revenue Service is 003. 
 (b) Ending Date For Plan’s Fiscal Year. The date of the end of the fiscal year for the purpose of maintaining the Plan’s records
is the Friday which falls closest to, and including, June 30. 
 (c) Agent For The Service Of Legal Process. The agent for
the service of legal process with respect to the Plan is the General Counsel, Seagate Technology, 920 Disc Drive, Scotts Valley, California 95066. The service of legal process may also be made on the Plan by serving the Plan Administrator.

 (d) Plan Sponsor And Administrator. The “Plan Sponsor” of the Plan is Seagate Technology, and the “Plan
Administrator” of the Plan is the Compensation Committee of the Board. Each of the Plan Sponsor and the Plan Administrator can be reached by contacting the Vice President of Compensation and Benefits in writing at 920 Disc Drive, Scotts
Valley, California 95066, and by telephone at (831) 438-6550. The Plan Administrator is the named fiduciary charged with the responsibility for administering the Plan. 
  

 13 

 SECTION 15. STATEMENT OF ERISA RIGHTS. 
 Participants in this Plan (which is a welfare benefit plan sponsored by Seagate Technology) are entitled to certain rights and protections under ERISA. If
you are an Eligible Officer, you are considered a participant in the Plan and, under ERISA, you are entitled to: 
 (a) Examine,
without charge, at the Plan Administrator’s office and at other specified locations, such as work sites, all Plan documents and copies of all documents filed by the Plan with the U.S. Department of Labor, such as detailed annual reports;

 (b) Obtain copies of all Plan documents and Plan information upon written request to the Plan Administrator. The Administrator may
make a reasonable charge for the copies; 
 (c) Receive a summary of the Plan’s annual financial report, in the case of a plan
which is required to file an annual financial report with the Department of Labor. (Generally, all pension plans and welfare plans with 100 or more participants must file these annual reports.) 
 In addition to creating rights for Plan participants, ERISA imposes duties upon the people responsible for the operation of the employee benefit plan.
The people who operate the Plan, called “fiduciaries” of the Plan, have a duty to do so prudently and in the interest of you and other Plan participants and beneficiaries. 
 No one, including your employer or any other person, may fire you or otherwise discriminate against you in any way to prevent you from obtaining a Plan
benefit or exercising your rights under ERISA. If your claim for a Plan benefit is denied in whole or in part, you must receive a written explanation of the reason for the denial. You have the right to have the Plan Administrator review and
reconsider your claim. 
 Under ERISA, there are steps you can take to enforce the above rights. For instance, if you request materials from
the Plan and do not receive them within 30 days, you may file suit in a federal court. In such a case, the court may require the Plan Administrator to provide the materials and pay you up to $100 a day until you receive the materials, unless the
materials were not sent because of reasons beyond the control of the Plan Administrator. If you have a claim for benefits that is denied or ignored, in whole or in part, you may file suit in a state or federal court. If it should happen that the
Plan fiduciaries misuse the Plan’s money, or if you are discriminated against for asserting your rights, you may seek assistance from the U.S. Department of Labor, or you may file suit in a federal court. The court will decide who should pay
court costs and legal fees. If you are successful, the court may order the person you have sued to pay these costs and fees. If you lose, the court may order you to pay these costs and fees, for example, if it finds your claim is frivolous.

 If you have any questions about the Plan, you should contact the Plan Administrator. If you have any questions, about your rights under
ERISA, you should contact the nearest area office of the U.S. Labor - Management Services Administration, Department of Labor. 
  

 14 

 SECTION 16. EFFECT OF SECTION 409A OF THE CODE. 
 If an Eligible Officer is deemed on the Termination Date to be a “specified employee” (as such term is defined under Section 409A of the
Code and the regulations and other Treasury Department guidance promulgated thereunder), then with regard to any payment or the provision of any benefit that is considered deferred compensation under Section 409A of the Code payable on account
of a “separation from service,” to the extent required to avoid any taxes imposed under Section 409A(a)(1) of the Code, such payment or benefit shall be made or provided at the date which is no more than 15 days following the earlier
of (i) the expiration of the six month period measured from the date of such “separation from service” of such Eligible Officer, and (ii) the date of such Eligible Officer’s death. 
 SECTION 17. EXECUTION. 
 To record the adoption of the
Plan as set forth herein, effective as of September 1, 2008, Seagate Technology has caused its duly authorized officer to execute the same this             day of August, 2008.

  

			
	SEAGATE TECHNOLOGY
		
	By:	 	 

			
		
	Name:	 	 

			
		
	Title:	 	 

  

 15 

 BENEFITS SCHEDULES 
 FOR THE 
 SEAGATE TECHNOLOGY 
 EXECUTIVE OFFICER SEVERANCE AND CIC PLAN 
 The following benefits schedules set forth the
benefits payable to those Eligible Officers of the Company who currently are, or are foreseeable to become, “executive officers,” as defined in the applicable rules and regulations promulgated by the Securities and Exchange Commission. The
amount of benefits payable is dependent upon the “Tier” in which the Eligible Officer falls and whether the involuntary Termination Event occurs during a Change in Control period, as more particularly described in the Plan. 
 The Plan Administrator shall determine in which “Tier” an Eligible Officer shall be placed for purposes of receiving severance benefits under this Plan. The
Plan Administrator’s determination shall be final and shall be binding and conclusive on all persons. The Plan Administrator retains the right to reclassify an Eligible Officer prior to the date of the Termination Event and/or the occurrence of
a Change in Control, except as expressly restricted by this Plan in connection with the occurrence of a Change in Control. 

 BENEFITS SCHEDULES 
 FOR THE 
 SEAGATE TECHNOLOGY 
 EXECUTIVE OFFICER SEVERANCE AND CIC PLAN 
 Tier 1 Eligible Officer: Chief Executive Officer

  

					
	 	  	 BENEFITS PAYABLE IN THE
 EVENT OF AN INVOLUNTARY
 TERMINATION
EVENT
 (WITHOUT CHANGE IN
 CONTROL)
	  	 BENEFITS PAYABLE IN THE
 EVENT OF AN INVOLUNTARY
 TERMINATION
EVENT
 DURING A CHANGE IN
 CONTROL PERIOD

	Cash Severance Benefit	  	Lump sum cash payment equal to 24 months of Pay.	  	Lump sum cash payment equal to 36 months of Pay.
			
	Equity-Based Awards	  	Upon a Termination Event, there shall be no additional vesting of nonvested equity-based awards, if any, previously granted to the Tier 1 Eligible Officer (whether or not granted prior to or
following the adoption of this Plan) beyond the applicable provisions of such Tier 1 Eligible Officer’s award agreements or the Seagate Technology 2004 Stock Compensation Plan (the “2004 Stock Compensation Plan”) governing
such equity-based awards.	  	Upon a Termination Event, there shall be full vesting of all nonvested equity-based awards (whether or not granted prior to or following the adoption of this Plan), notwithstanding the
applicable provisions of the Tier 1 Eligible Officer’s award agreements or the 2004 Stock Compensation Plan.
			
	Other Severance Benefits	  	 Lump sum cash payment in an amount equal to 1.5 times the before-tax annual cost of Continued Coverage Premiums to cover the Tier 1 Eligible Officer
and his or her eligible dependents, if any, in effect as of the Termination Event.
  
 Outplacement services for one year.
	  	 Lump sum cash payment in an amount equal to 2.0 times the before-tax annual cost of Continued Coverage Premiums to cover the Tier 1 Eligible Officer
and his or her eligible dependents, if any, in effect as of the Termination Event.
  
 Outplacement services for one year.

 BENEFITS SCHEDULES 
 FOR THE 
 SEAGATE TECHNOLOGY 
 EXECUTIVE OFFICER SEVERANCE AND CIC PLAN 
 Tier 2 Eligible Officers: Executive Vice
Presidents and above (excluding the Chief Executive Officer) 
  

					
	 	  	 BENEFITS PAYABLE IN THE
 EVENT OF AN INVOLUNTARY
 TERMINATION
EVENT
 (WITHOUT CHANGE IN
 CONTROL)
	  	 BENEFITS PAYABLE IN THE
 EVENT OF AN INVOLUNTARY
 TERMINATION
EVENT
 DURING A CHANGE IN
 CONTROL PERIOD

	Cash Severance Benefit	  	Lump sum cash payment equal to 18 months of Pay.	  	Lump sum cash payment equal to 24 months of Pay.
			
	Equity-Based Awards	  	Upon a Termination Event, there shall be no additional vesting of nonvested equity-based awards, if any, previously granted to the Tier 2 Eligible Officers (whether or not granted prior to or
following the adoption of this Plan) beyond the applicable provisions of such Tier 2 Eligible Officer’s award agreements or the 2004 Stock Compensation Plan governing such equity-based awards.	  	Upon a Termination Event, there shall be full vesting of all nonvested equity-based awards (whether or not granted prior to or following the adoption of this Plan), notwithstanding the
applicable provisions of the Tier 2 Eligible Officer’s award agreements or the 2004 Stock Compensation Plan.
			
	Other Severance Benefits	  	 Lump sum cash payment in an amount equal to 1.5 times the before-tax annual cost of Continued Coverage Premiums to cover the Tier 2 Eligible Officer
and his or her eligible dependents, if any, in effect as of the Termination Date.
  
 Outplacement services for one year.
	  	 Lump sum cash payment in an amount equal to 2.0 times the before-tax annual cost of Continued Coverage Premiums to cover the Tier 2 Eligible Officer
and his or her eligible dependents, if any, in effect as of the Termination Date.
  
 Outplacement services for one year.

 BENEFITS SCHEDULES 
 FOR THE 
 SEAGATE TECHNOLOGY 
 EXECUTIVE OFFICER SEVERANCE AND CIC PLAN 
 Tier 3 Eligible Officers: Senior Vice Presidents

  

					
	 	  	 BENEFITS PAYABLE IN THE
 EVENT OF AN INVOLUNTARY
 TERMINATION
EVENT
 (WITHOUT CHANGE IN
 CONTROL)
	  	 BENEFITS PAYABLE IN THE
 EVENT OF AN INVOLUNTARY
 TERMINATION
EVENT
 DURING A CHANGE IN
 CONTROL PERIOD

	Cash Severance Benefit	  	Lump sum cash payment equal to 12 months of Pay.	  	Lump sum cash payment equal to 18 months of Pay.
			
	Equity-Based Awards	  	Upon a Termination Event, there shall be no additional vesting of nonvested equity-based awards, if any, previously granted to the Tier 3 Eligible Officers (whether or not granted prior to or
following the adoption of this Plan) beyond the applicable provisions of such Tier 3 Eligible Officer’s award agreements or the 2004 Stock Compensation Plan governing such equity-based awards.	  	Upon a Termination Event, there shall be full vesting of all nonvested equity-based awards (whether or not granted prior to or following the adoption of this Plan), notwithstanding the
applicable provisions of the Tier 3 Eligible Officer’s award agreements or the 2004 Stock Compensation Plan.
			
	Other Severance Benefits	  	 Lump sum cash payment in an amount equal to 1.5 times the before-tax annual cost of Continued Coverage Premiums to cover the Tier 3 Eligible Officer
and his or her eligible dependents, if any, in effect as of the Termination Date.
  
 Outplacement services for one year.
	  	 Lump sum cash payment in an amount equal to 2.0 times the before-tax annual cost of Continued Coverage Premiums to cover the Tier 3 Eligible Officer
and his or her eligible dependents, if any, in effect as of the Termination Date.
  
 Outplacement services for one year.Form of Conversion Registration Rights Agreement

 Exhibit 4.19 
 GCL SILICON TECHNOLOGY HOLDINGS INC. 
 CONVERSION REGISTRATION RIGHTS AGREEMENT 
 August [    ], 2008 

 THIS REGISTRATION RIGHTS AGREEMENT (the “Agreement”) is made as of August
[    ], 2008, by and among (i) GCL Silicon Technology Holdings Inc., an exempted company incorporated and validly existing with limited liability under the laws of the Cayman Islands (the “Company”),
(ii) Deutsche Bank AG (“Deutsche Bank”) and (iii) the holders, from time to time, of the Company’s 3% Convertible Senior Notes due 2010 (the “Notes”) (each a “CB Holder” and together,
the “CB Holders”, the CB Holders as of the date of this Agreement are identified in Schedule 1 hereto (the “Initial CB Holders”). 
 RECITALS 
 A. The Initial CB Holders own the following securities issued by Happy Genius Holdings
Limited (“Happy Genius”): U.S.$275,000,000 Class A Floating Rate Secured Exchangeable Bonds due 2010, U.S.$137,500,000 Class B Floating Rate Secured Exchangeable Bonds due 2010 and U.S.$137,500,000 Class C Floating Rate Secured
Exchangeable Bonds due 2010 (together, the “Exchangeable Bonds”) exchangeable into Ordinary Shares of the Company; 
 B.
Deutsche Bank has registration rights in respect of [            ] Ordinary Shares received from Happy Genius and held as of the date of this Agreement (the “DB Shares”),
and the CB Holders have registration rights in respect to the Ordinary Shares of the Company issuable upon exchange of the Exchangeable Bonds; 
 C. Pursuant to the terms of Condition 6.41 of the Exchangeable Bonds and the terms of an Exchange Agreement dated as of July [    ], 2008, the Exchangeable Bonds have been exchanged into an equal principal amount of the
Notes. The Company and Deutsche Bank have entered into this Agreement to set forth certain terms and conditions concerning the registration rights of Deutsche Bank in respect of the DB Shares and the Company and the CB Holders have agreed to enter
into this Agreement to set forth certain terms and conditions concerning the registration rights of the CB Holders, including any subsequent holders of the Notes; 
 D. It is a condition to the closing of the exchange that this Agreement have been entered into; and 
 E. The
parties to this Agreement desire that the pre-existing registration rights agreement related to the Exchangeable Bonds and Ordinary Shares held by Deutsche Bank be terminated and supplanted by the provisions of this Agreement. 
 NOW THEREFORE, in consideration of the foregoing and the mutual promises, covenants and agreements of the Parties contained herein, the Parties agree as
follows: 
 1. Certain Definitions. As used in this Agreement, the following terms have the following respective meanings: 

“ADSs” means American Depositary Shares, with each American Depositary Share representing the number of Ordinary
Shares of the Company issued pursuant to the Deposit Agreement specified in the Registration Statement. 
  

 1 

 “Affiliate” means, with respect to any Person, any other Person who,
directly or indirectly, controls, is controlled by, or is under common control with such Person and “Affiliates” shall have correlative meaning. For the purpose of this definition, the term “control” (including with
correlative meanings, the terms “controlling”, “controlled by” and “under common control with”), as used with respect to any Person, shall mean the possession, directly or indirectly, of the power
to direct or cause the direction of the management and policies of such Person, whether through the ownership of voting securities or by contract or otherwise. 
 “Agreement” has the meaning set forth in the preamble to this Agreement. 
 “Blue Sky” means the statutes of any state regulating the sale of corporate securities within that state. 
 “Board” means the board of directors of the Company. 
 “Business Day” means any day that is not a Saturday, a Sunday or other day on which banks are required or authorized to
be closed in the Hong Kong Special Administrative Region. 
 “CB Holders” has the meaning set forth in the
preamble to this Agreement. 
 “Company” has the meaning set forth in the preamble to this Agreement.

 “Conversion Shares” means the Ordinary Shares of the Company which are represented by any ADSs issuable to
a CB Holder upon conversion of the Notes in accordance with the terms of the Indenture. 
 “Damages” has the
meaning set forth in Section 7.1 of this Agreement. 
 “DB Shares” has the meaning set forth in the
recitals to this Agreement. 
 “Deposit Agreement” means the deposit agreement dated as of
[            ], 2008 between the Company, The Bank of New York Mellon as depositary and the holders and beneficial owners, from time to time, of the ADSs issued thereunder. 
 “Effective Date” means the date that falls six months after the Issue Date. 
 “Effective Failure” means the occurrence of any of the following events: (i) any Registration Statement ceases to be
effective, (ii) a Suspension Event or (iii) any event whereby the Holders are otherwise prevented or restricted by the Company from effecting sales pursuant to a Registration Statement. 
 “Exchange Act” means the United States Securities Exchange Act of 1934, as amended. 
 “FINRA” shall mean the Financial Industry Regulatory Authority. 
  

 2 

 “Form F-1” means such form under the Securities Act as in effect on the
date hereof or any successor registration form under the Securities Act subsequently adopted by the SEC. 
 “Form
F-3” means such form under the Securities Act as in effect on the date hereof or any registration form under the Securities Act subsequently adopted by the SEC, which permits incorporation of substantial information by reference to other
documents filed by the Company with the SEC. 
 “Free Writing Prospectus” means a free writing prospectus, as
defined in Rule 405 under the Securities Act. 
 “Governmental or Regulatory Authority” means any
applicable state, federal provincial, county and local court, tribunal, arbitrator, authority, agency, commission, official or other instrumentality of any jurisdiction in which a Person conducts business or operations. 
 “Holder” means any holder of Registrable Securities (including, to the extent that they hold Registrable Securities, the
CB Holders and any Permitted Transferees) entitled to the rights and bound by the obligations under this Agreement. 
 “Indenture” means the Indenture dated August [    ], 2008 between the Company and DB Trustees (Hong Kong) Limited, as Trustee, with respect to the Notes. 
 “Issue Date” means August [    ], 2008. 
 “Issuer Free Writing Prospectus” means an issuer free writing prospectus as defined in Rule 433 under the Securities Act.

 “Ordinary Shares” means the ordinary voting equity shares of the Company with a par value U.S.$0.0001 per
share. 
 “Outstanding Principal Amount” means: (1) for the purposes of calculating Liquidated Damages
arising from a Conversion Registration Default or an Effectiveness Default, the total outstanding principal amount of Notes which are convertible into ADSs that are Registrable Securities on any Business Day; and which includes the principal amount
represented by Notes which have already been converted into ADSs that are Registrable Securities that have not been disposed pursuant to the relevant Registration Statement. 
 “Permitted Transferee” means any Person entitled to receive Notes and/or ADSs in accordance with the terms of the
Indenture or Conversion Shares pursuant to the terms of the Deposit Agreement. 
 “Person” means any natural
person, corporation, limited liability company, general partnership, limited partnership, proprietorship, other business organization, trust, union, association or Governmental or Regulatory Authority. 
  

 3 

 “Prospectus” shall mean the prospectus included in a Registration
Statement, including any preliminary Prospectus, any Free Writing Prospectus, and any such Prospectus as amended or supplemented by any prospectus supplement with respect to the terms of the offering of any portion of the Registrable Securities and
by all other amendments and supplements to such Prospectus, including post-effective amendments, and in each case including all material incorporated by reference therein. 
 “Public Offering” means, in the case of an offering in the United States, an underwritten public offering of equity
securities of a Person pursuant to an effective registration statement under the Securities Act, and, in the case of an offering in any other jurisdiction, a widely distributed underwritten offering of equity securities of a Person in which both
retail and institutional investors are eligible to buy in accordance with the securities laws of such jurisdiction. 
 “Registrable Securities” means (i) the DB Shares and securities issued in respect of the DB Shares as a result of a stock split, stock dividend, recapitalization, reorganization or combination thereof, (ii) the
ADSs issuable to a CB Holder upon conversion of the Notes which are listed on the New York Stock Exchange, the NASDAQ Global Select Market, the NASDAQ Global Market or any other stock market that is the primary trading market for the Company’s
equity interests and (iii) the Conversion Shares and securities issued in respect of the Conversion Shares as a result of a stock split, stock dividend, recapitalization, reorganization or combination thereof. Notwithstanding the foregoing,
“Registrable Securities” shall not include otherwise Registrable Securities (x) sold by a person in a transaction in which his rights under this Agreement are not properly assigned; (y) (A) sold pursuant to an
effective registration statement under the Securities Act covering such securities in a public distribution or a public securities transaction, or (B) sold in a transaction exempt from the registration and prospectus delivery requirements of
the Securities Act under Section 4(1) thereof such that all transfer restrictions, and restrictive legends with respect thereto, if any, are removed upon the consummation of such sale or (C) which may be freely sold without any
restrictions or manner of sale or reporting requirements by the Holder under Rule 144 under the Securities Act where the Company has delivered to the Holder an opinion of the Company’s counsel, a nationally reputable United States law firm that
practices United States securities law, confirming the same. 
 “Registration” means a registration effected
by preparing and filing a Registration Statement (including, without limitation, the execution of an undertaking to file post-effective amendments and any other governmental requirements) and the declaration or ordering of the effectiveness of that
Registration Statement, and the terms “Register” and “Registered” have meanings correlative with the foregoing. 
 “Registration Expenses” means all expenses, other than Selling Expenses, incurred in complying with Section 2 of this Agreement, including, without limitation, all Registration, qualification,
and filing fees, printing expenses, fees and disbursements of counsels for the Company, reasonable fees and disbursements of one special counsel for all Holders (if different from counsels to the Company), Blue Sky fees and expenses, and the expense
of any special audits incident to or required by any Registration. 
  

 4 

 “Registration Statement” means a registration statement prepared on
Forms F-1, F-3, S-1 or S-3, under the Securities Act, or on any comparable form in connection with registration in a jurisdiction other than the United States and shall include a Resale Registration Statement. 
 “Resale Registration Statement” has the meaning set forth in Section 2.1. 
 “SEC” means the United States Securities and Exchange Commission. 
 “Securities Act” means the United States Securities Act of 1933, as amended. 
 “Selling Expenses” means all underwriting discounts and selling commissions applicable to the sale of Registrable
Securities pursuant to this Agreement. 
 “Suspension Event” is defined in Section 2.5(a). 

Capitalized terms used but not defined herein shall have the meanings ascribed to them in the Indenture and words importing the singular include the
plural and vice versa. 
 2. Registration. 
 2.1. Registrable Securities. 
 (a) The Company shall use its commercially reasonable efforts to file
with the SEC within sixty (60) days after the Issue Date and cause to become effective on or before the Effective Date a resale shelf Registration Statement for a public offering on a delayed or continuous basis pursuant to Rule 415 under the
Securities Act of all of the Conversion Shares and the DB Shares ( a “Resale Registration Statement”). 
 (b) The Company
shall use its commercially reasonable efforts to maintain the effectiveness of a registration statement on Form F-6 relating to the ADSs and an adequate number of ADSs available for issuance thereunder such that freely tradeable ADSs can be
delivered upon conversion of the Notes immediately following the earlier of (i) the effective date of the Resale Registration Statement or (ii) the date falling six months after the Issue Date. The Company shall comply with all securities
laws regulating the offer and delivery of ADSs upon conversion of the Notes. 
 2.2. Notice of Registration Status. Not more than
fifteen (15) days, and not less than ten (10) days, prior to the Effective Date, the Company must deliver to the Trustee (for distribution to each Holder) a notice in writing confirming whether or not the Resale Registration Statement has
been declared effective by the SEC and, if not, the steps taken by the Company in connection with the filing and progression of the Resale Registration Statement, the status of the filing, the extent of comments and responses in connection with such
registration and the Company’s estimate of the date by which the Resale Registration Statement will be declared effective. 
 2.3.
Effectiveness. The Company shall use its commercially reasonable efforts to cause the Resale Registration Statement to be declared effective under the Securities Act on or prior to the Effective Date and shall keep such registration statement

  

 5 

 
continuously effective under the Securities Act until there are no longer any Registrable Securities saleable thereunder. To the extent permitted by
applicable law and interpretations of the staff of the SEC, the Resale Registration Statement may be terminated with respect to the Registrable Securities on the date that there are no longer any Registrable Securities saleable thereunder.

 2.4. Suspension Period. 
 (a) The Company may suspend the use of a prospectus for a period not to exceed 30 days in any 90-day period or an aggregate of 90 days in any 12-month period if the Board of Directors of the Company shall have determined in good faith that
because of valid business reasons (not including avoidance of the Company’s obligations hereunder), including the acquisition or divestiture of assets, pending corporate developments and similar events, it is in the best interests of the
Company to suspend such use (a “Suspension Event”), and prior to suspending such use the Company provides the Holders with written notice of such suspension. 
 (b) Notwithstanding any provision herein to the contrary, the Resale Registration Statement shall be maintained effective pursuant to this Agreement
until there are no longer any Registrable Securities thereunder. 
 (c) The occurrence of a Suspension Event shall not prevent Liquidated
Damages that are otherwise payable pursuant to Section 3 from being payable to Holders. 
 2.5. Registration of Other Securities.
No Registration Statement filed in accordance with Section 2 may include any securities of the Company other than Registrable Securities. 
 2.6. Underwriting. If any Holder proposes to conduct an Underwritten Offering under the Resale Registration Statement, such Holder shall advise the Company and all other Holders whose securities are included in the Resale
Registration Statement of the managing underwriters for such proposed Public Offering; such managing underwriters to be subject to the approval of the Company, not to be unreasonably withheld. In such event, the Company shall enter into an
underwriting agreement in customary form with the managing underwriters, which shall include, among other provisions, indemnities to the effect and to the extent provided in Section 7, and shall take all such other reasonable actions as are
requested by the managing underwriter in order to expedite or facilitate the registration and disposition of the Registrable Securities included in such Public Offering; provided, however, that the Company shall be required to cause appropriate
officers of the Company or its Affiliates to participate in a “road show” or similar marketing effort being conducted by such underwriter with respect to such Public Offering only if the Holders reasonably anticipate gross proceeds from
such Public Offering of at least US$50 million. All Holders proposing to distribute their Registrable Securities through such Public Offering shall enter into an underwriting agreement in customary form with the managing underwriters selected for
such underwriting and furnish to the Company such information in writing as the Company may reasonably request for inclusion in the Registration Statement; provided, however, that no Holder shall be required to make any representations or warranties
to or agreements with the Company or the underwriters other than representations, warranties or agreements as are customary and reasonably requested by the underwriters. Notwithstanding any other provision of this Agreement, with respect to a Public
Offering in connection with a Registration Statement, if the managing underwriters determine in good faith that marketing factors require a 

  

 6 

 
limitation on the number of Ordinary Shares or ADSs to be included in such Public Offering, then the managing underwriters may exclude Registrable Securities
from the Public Offering, and any Registrable Securities included in the Underwritten Offering shall be allocated to each of the Holders requesting inclusion of their Registrable Securities in such Public Offering on a pro rata basis based on the
total number of such Registrable Securities requested to be included. 
 2.7. Withdrawal from Underwriting. If any Holder of
Registrable Securities disapproves of the terms of the Public Offering, such Holder may elect to withdraw therefrom by written notice to the Company, the managing underwriters and the balance of the Holders proposing to distribute their securities
through the Public Offering, prior to the signing of the applicable underwriting agreement. If, by the withdrawal of such Registrable Securities, a greater number of Registrable Securities held by other Holders may be included in such registration
(up to the limit imposed by the managing underwriters) the Company shall offer to all Holders who have Registrable Securities included in the registration the right to include additional Registrable Securities in the same proportion used in
determining the limitation as set forth above. 
 2.8. Other Securities Laws. In connection with a Registration pursuant to this
Section 2, the Company shall exercise its commercially reasonable efforts to Register and qualify the securities covered by the Registration Statement under the securities laws of any other jurisdictions as shall be reasonably appropriate for
the distribution of the securities, except for any particular state or jurisdiction in which the Company would be required to execute a general consent to service of process in effecting such Registration, qualification, or compliance. 

3. Liquidated Damages 
 3.1. The
Company and the CB Holders agree that the Holders will suffer damages if the Company fails for any reason to have an effective Resale Registration Statement on the Effective Date or if sales under any such Resale Registration Statement should be
suspended at any time pursuant to Section 2.5, and that it would not be feasible to ascertain the extent of the damages in either case with precision. Accordingly, the Company agrees to pay on demand by the Holders (not including holders of the
DB Shares) liquidated damages in accordance with Section 3.2 (“Liquidated Damages”) in each of the following circumstances: 
  

	 	(a)	during any time after the Effective Date that the Resale Registration Statement is not effective and available for resales of Registrable Securities (other than due to an Effective
Failure) (an “Conversion Registration Default”); and 

  

	 	(b)	during any time after an Effective Failure (an “Effectiveness Default”). 

 3.2. (a) Subject to Section 3.2(c), Liquidated Damages shall be payable on the Outstanding Principal Amount at a rate of 0.25% per annum
calculated daily for each day of an Conversion Registration Default. 
  

	 	(b)	 Liquidated Damages shall be payable on the Outstanding Principal Amount at a rate of 0.50% per annum calculated daily for each day of an Effectiveness Default
until such time as the Holders of Registrable Securities are again able to make sales under such Registration Statement; provided, however, that if an Effectiveness Default resulted from the occurrence 

  

 7 

	 	 
of a Suspension Event, Liquidated Damages shall be payable only if such Effectiveness Default has existed for more than 10 days, whether or not consecutive,
in any 90-day period. 

  

	 	 (c)
	 In the event Liquidated Damages are payable for more than 30 consecutive days under Section 3.2(a), then the
Liquidated Damages shall be payable in respect of the Outstanding Principal Amount after such 30 days at a rate of 0.50% per annum calculated daily for each day after the 30th day. 

 Liquidated Damages shall be calculated on the basis of a 360 day year and the
actual number of days elapsed, and shall be payable by the Company to the Holders (not including holders of the DB Shares), in the manner such Holders notify the Company, on each Interest Payment Date (as defined in the Indenture). 
 3.3. The Trustee shall be entitled, on behalf of the Holders, to seek any available remedy for the enforcement of this Agreement, including for the
payment of any Liquidated Damages. 
 4. Expenses of Registration. All Registration Expenses incurred in connection with the
Registration pursuant to Section 2.1 shall be borne by the Company. All Selling Expenses shall be borne by the holders of the Registrable Securities Registered pro rata on the basis of the number of Ordinary Shares or ADSs so registered.

 5. Assignability of Registration Rights; Termination of Registration Rights; Transfer 
 5.1. Assignability of Registration Rights. The parties to this Agreement intend that all Holders of Registrable Securities from time to time shall
be entitled to receive the benefits of, and be bound by, this Agreement. All the terms and provisions of this Agreement shall be binding upon, shall inure to the benefit of and shall be enforceable by the respective successors and assigns of the
parties hereto and any Holder from time to time of the Registrable Securities to the aforesaid extent. In the event that any transferee of any Holder of Registrable Securities shall acquire Registrable Securities, in any manner, whether by gift,
bequest, purchase, operation of law or otherwise, such transferee shall, without any further writing or action of any kind, be entitled to receive the benefits of, and be deemed to have agreed to be bound by and to perform all of the terms and
provisions of, this Agreement to the aforesaid extent. No other party may assign, delegate or otherwise transfer any of its rights or obligations under this Agreement without the written consent of the Company and the Holders. 
 6. Registration Procedures and Obligations. (a) Whenever required under this Agreement to effect the Registration of any Registrable
Securities, the Company shall, subject to Section 2.4, as expeditiously as reasonably possible: 
  

	 	(i)	prepare and file a Registration Statement with the SEC which shall be on Form F-1 or Form F-3 (or any successors to such forms), if available; 

  

	 	(ii)	 promptly take such action as may be necessary so that (A) the Resale Registration Statement and any amendment thereto and the prospectus forming a part thereof
and any amendment or supplement thereto (and each report or other document 

  

 8 

	 	 
incorporated therein by reference in each case) complies in all material respects with the Securities Act and the Exchange Act and the respective rules and
regulations thereunder, (B) the Resale Registration Statement and any amendment thereto does not, when it becomes effective, contain an untrue statement of a material fact or omit to state a material fact required to be stated therein or
necessary to make the statements therein not misleading and (C) each of the prospectus forming a part of the Resale Registration Statement, and any amendment or supplement to such prospectus, does not at any time during which the Resale
Registration Statement is effective include an untrue statement of a material fact or omit to state a material fact necessary in order to make the statements therein, in the light of the circumstances under which they were made, not misleading;

  

	 	(iii)	use its commercially reasonable efforts to prevent the issuance, and if issued to obtain the withdrawal at the earliest possible time, of any order suspending the effectiveness of
the Resale Registration Statement; 

  

	 	(iv)	promptly prepare and file with the SEC such amendments, supplements and post-effective amendments to the Resale Registration Statement and the prospectus used in connection
therewith, as may be necessary to comply with the provisions of the Securities Act and to keep such Registration Statement effective for the applicable period; cause each prospectus included in the Resale Registration Statement to be supplemented by
any required prospectus supplement upon the request of any Holder in order to permit such Holder to dispose of Registrable Securities in accordance with the intended method or methods of distribution set forth in the Resale Registration Statement,
and cause such prospectus supplement to be filed pursuant to Rule 424 under the Securities Act; 

  

	 	(v)	furnish to each Holder for which the Registrable Securities are being registered and to each underwriter of a Public Offering of the Registrable Securities, if any, without charge,
as many copies of each Prospectus, including, without limitation, each preliminary Prospectus, each Free Writing Prospectus and any amendment or supplement thereto and such other documents as such Holder or underwriter may reasonably request in
order to facilitate the public sale or other disposition of the Registrable Securities; 

  

	 	(vi)	 use its commercially reasonable efforts to (A) register or qualify the Registrable Securities for offer and sale, under all applicable state securities or Blue
Sky laws of such jurisdictions as each underwriter, if any, or any Holder having Registrable Securities covered by a Registration Statement, shall reasonably request, (B) keep such registrations or qualifications in effect and comply with such
laws so as to permit the continuance of offers and sales in such jurisdictions for so long as may be necessary to enable any Holder or underwriter, if any, to complete its distribution of Registrable Securities pursuant to such Registration
Statement, and (C) take any and all other actions necessary or advisable to enable the disposition in such jurisdictions of such Registrable Securities; provided, however, that in no 

  

 9 

	 	 
event shall the Company be obligated to (1) qualify as a foreign corporation or as a dealer in securities in any jurisdiction where it would not
otherwise be required to so qualify but for this Section 6(vi) or (2) file any general consent to service of process in any jurisdiction where it is not as of the date hereof so subject; 

  

	 	(vii)	notify each Holder for which the Registrable Securities are being registered promptly, and, if requested by such Holder, confirm such advice in writing, (A) when a Registration
Statement has become effective and when any post-effective amendments and supplements thereto become effective, (B) of the issuance by the SEC or any state securities authority of any stop order, injunction or other order or requirement
suspending the effectiveness of a Registration Statement or the initiation of any proceedings for that purpose, (C) if, between the effective date of a Registration Statement and the closing of any sale of securities covered thereby pursuant to
any agreement to which the Company is a party, (1) the representations and warranties of the Company contained in such agreement cease to be true and correct in all material respects or (2) if the Company receives any notification with
respect to the suspension of the qualification of the Registrable Securities for sale in any jurisdiction or the initiation of any proceeding for such purpose, and (D) of the happening of any event during the period a Registration Statement is
effective as a result of which such Registration Statement or the related Prospectus contains any untrue statement of a material fact or omits to state any material fact required to be stated therein or necessary to make the statements therein not
misleading; 

  

	 	(viii)	furnish counsels for each such underwriter, if any, and for the Holders for which the Registrable Securities are being registered, copies of any request by the SEC or any state
securities authority for amendments or supplements to a Registration Statement and Prospectus or for additional information; 

  

	 	(ix)	use its commercially reasonable efforts to obtain the withdrawal of any order suspending the effectiveness of a Registration Statement, or the lifting of any suspension of the
qualification of any Registrable Securities for sale in any jurisdiction, at the earliest possible time; 

  

	 	(x)	upon request, furnish to the underwriters of a Public Offering of the Registrable Securities, if any, without charge, at least one signed copy of each Registration Statement and any
post-effective amendment thereto, including financial statements and schedules, all documents incorporated therein by reference and all exhibits; and furnish to each Holder for which the Registrable Securities are being registered, without charge,
at least one conformed copy of each Registration Statement and any post-effective amendment thereto (without documents incorporated therein by reference or exhibits thereto, unless requested); 

  

	 	(xi)	 cooperate with the selling Holders of the Registrable Securities and the underwriters of a Public Offering of the Registrable Securities, if any, to facilitate the
timely preparation and delivery of certificates representing the Registrable 

  

 10 

	 	 
Securities to be sold and not bearing any restrictive legends; and enable such Registrable Securities to be in such denominations (consistent with the
provisions of the governing documents thereof) and registered in such names as the selling Holders or the underwriters of a Public Offering of the Registrable Securities, if any, may reasonably request at least three (3) days prior to any sale
of the Registrable Securities; 

  

	 	(xii)	upon the occurrence of any event contemplated by paragraph (vii)(D) of this Section, use commercially reasonable efforts to prepare a supplement or post-effective amendment to a
Registration Statement or the related Prospectus, or any document incorporated therein by reference, or file any other required document so that, as thereafter delivered to the purchasers of the Registrable Securities, such Prospectus will not
contain any untrue statement of a material fact or omit to state a material fact required to be stated therein or necessary to make the statements therein, in the light of the circumstances under which they were made, not misleading;

  

	 	(xiii)	enter into customary agreements (including, in the case of a Public Offering, underwriting agreements in customary form, and including provisions with respect to indemnification and
contribution in customary form and consistent with the provisions relating to indemnification and contribution contained herein) and deliver or cause to be delivered customary documents and certificates reasonably requested by the underwriters, of
any including but not limited to opinions of counsels to the Company, “comfort” letters from the Company’s independent certified public accountants and other such customary documents and certificates as may be reasonably requested by
the majority Holders of the Registrable Securities being sold or by the underwriters and take all other customary and appropriate actions in order to expedite or facilitate the disposition of such Registrable Securities. 

 The above shall be done, as applicable, (A) at the effectiveness of such Registration Statement (and each post-effective amendment thereto) in
connection with any registration, and (B) at each closing under any underwriting or similar agreement as and to the extent required thereunder; 
  

	 	(xiv)	make available for inspection by representatives of the selling Holders of the Registrable Securities and any underwriters participating in any disposition pursuant to a
Registration Statement and any counsel or accountant retained by such Holders or underwriters, all financial and other records, pertinent corporate documents and properties of the Company and cause the respective officers, directors and employees of
the Company to supply all information reasonably requested by any such representative, underwriter, counsel or accountant in connection with a Registration Statement; 

  

	 	(xv)	 within a reasonable time prior to the filing of any Registration Statement, any Prospectus, any amendment to a Registration Statement or amendment or supplement to
a Prospectus, provide copies of such document to the selling Holders of the Registrable Securities and to counsel to such Holders and to the underwriter or underwriters of a Public 

  

 11 

	 	 
Offering of the Registrable Securities, if any; fairly consider such reasonable changes in any such document prior to or after the filing thereof as the
counsel to the Holders or the underwriter or the underwriters may request, and not file any such document in a form to which the majority Holders of the Registrable Securities being registered or any underwriter shall object in good faith for
reasons relating to the disclosure in such Registration Statement, Prospectus or amendment or supplement thereof; and make such of the representatives of the Company as shall be reasonably requested by the Holders for which the Registrable
Securities are being registered or any underwriter available for discussion of such document; and 

  

	 	(xvi)	within a reasonable time prior to the filing of any document which is to be incorporated by reference into a Registration Statement or a Prospectus, provide copies of such document
to counsel for the selling Holders; fairly consider such reasonable changes in such document prior to or after the filing thereof as counsel for such Holders or such underwriter shall request, and not file any such document in a form to which the
majority Holders of the Registrable Securities being registered or any underwriter shall object in good faith for reasons relating to the disclosure in such Registration Statement, Prospectus or amendment or supplement thereof; and make such of the
representatives of the Company as shall be reasonably requested by such counsel available for discussion of such document; 

  

	 	(xvii)	cause all Registrable Securities covered by such Registrations to be qualified for inclusion in or listed on The New York Stock Exchange, the NASDAQ Global Select Market, the NASDAQ
Global Market or any securities exchange on which securities of the same class issued by the Company are then so qualified or listed if so requested by the majority Holders of the Registrable Securities covered by a Registration Statement, or if so
requested by the underwriter or underwriters of a Public Offering of the Registrable Securities, if any; 

  

	 	(xviii)	otherwise use its commercially reasonable efforts to comply with all applicable rules and regulations of the SEC, including making available to its security holders an earnings
statement covering at least 12 months which shall satisfy the provisions of Section 11(a) of the Securities Act and Rule 158 thereunder; 

  

	 	(xix)	cooperate and assist in any filings required to be made with FINRA, and in the performance of any due diligence investigation by any underwriter in an Underwritten Offering; and

  

	 	(xx)	use all reasonable efforts to facilitate the distribution and sale of any Registrable Securities to be offered pursuant to this Agreement, including without limitation by making
road show presentations, holding meetings with potential investors and taking such other actions as shall be requested by the majority Holders of the Registrable Securities covered by a Registration Statement or the lead managing underwriter of an
underwritten offering. 

  

 12 

	 	(b)	Each selling Holder of the Registrable Securities as to which any Registration is being effected pursuant to this Agreement agrees, as a condition to the Registration obligations
with respect to such Holder provided herein, to furnish to the Company such information regarding such Holder required to be included in the Registration Statement, the ownership of the Registrable Securities by such Holder and the proposed
distribution by such Holder of such Registrable Securities as the Company may from time to time reasonably request in writing. 

  

	 	(c)	The terms of this Agreement are drafted primarily in contemplation of securities offerings in the United States. The Parties recognize, however, the possibility that the Company
might seek to effect an offering in a jurisdiction other than the United States. It is, accordingly, the parties’ intention that whenever this Agreement refers to a law or institution of the United States but the parties wish to effectuate
a registration in a different jurisdiction, reference in this Agreement to the laws or institutions of the United States shall be read as referring, mutatis mutandis, to the comparable laws or institutions of the jurisdiction in
question. Without prejudice to the foregoing, in the event of a Complying IPO on a stock exchange in Hong Kong or London, the Company must ensure that the Registrable Securities are admitted to trading on that stock exchange (and where
applicable admitted to any applicable official list) at the same time as all of the other shares of the Company to be listed. 

 7. Indemnification. 
 7.1. Company’s Indemnification of Holders. To the extent permitted by law, the Company
shall indemnify each Holder, each of its officers, directors, partners, agents, legal counsel for the Holders, and each Person controlling that Holder within the meaning of the Securities Act, with respect to which Registration, qualification, or
compliance of the Registrable Securities has been effected pursuant to this Agreement, the respective officers, directors, partners, members, employees, representatives and agents of any such Holder or any such controlling Person, and each
underwriter, if any, and each of its officers, directors, partners, agents and each Person who controls any underwriter within the meaning of the Securities Act against all claims, losses, damages, liabilities, or actions in respect thereof
(collectively, “Damages”) to the extent the Damages arise out of or are based upon any untrue statement (or alleged untrue statement) of a material fact contained in any Registration Statement, prospectus or other
document incident to any Registration, qualification, or compliance, or any omission (or alleged omission) to state therein a material fact required to be stated therein or necessary in order to make the statements made therein (in the case of a
Prospectus, in light of the circumstances under which they were made) not misleading, or any violation by the Company (or alleged violation) of any rule or regulation promulgated under the Securities Act, Exchange Act, applicable Blue Sky laws, or
other applicable laws in the jurisdiction other than the United States in which the Registration occurred, applicable to the Company and relating to action or inaction required of the Company in connection with any Registration, qualification, or
compliance; and the Company shall reimburse each such Holder, each underwriter, each of their respective officers, directors, partners, agents, legal counsels, and each Person who controls any Holder or underwriter, for any legal and any other
expenses reasonably incurred in connection with investigating or defending any such claim, loss, damage, liability, or action; provided, however, that the indemnity contained in this Section 7.1 shall not apply to amounts paid in
settlement of any Damages if settlement is effected without the consent of the Company (which consent shall not unreasonably be withheld); and 

  

 13 

 
provided, further, that the Company will not be liable in any case to the extent that any Damages arise out of or are based upon any untrue statement
(or alleged untrue statement) or omission (or alleged omission) made in that Registration Statement, prospectus, or other document in reliance upon and in conformity with written information furnished to the Company by a Holder or underwriter, if
any, and expressly stated to be specifically for use in such Registration Statement, Prospectus or other document. 
 7.2. Holder’s
Indemnification of Company. To the extent permitted by law, each Holder shall, if the Registrable Securities held by that Holder are included in the securities as to which Registration, qualification or compliance is being effected pursuant to
this Agreement, indemnify the Company, each Person who controls the Company within the meaning of the Securities Act, the respective officers, directors, partners members, employees, representatives and agents of the Company or controlling Person
(each, a “Holder Indemnified Person”), against all Damages arising out of or based upon any untrue statement (or alleged untrue statement) of a material fact contained in such Registration Statement, Prospectus, or other document
incident to any Registration, qualification or compliance, or any omission (or alleged omission) to state therein a material fact required to be stated therein or necessary in order to make the statements made therein (in the case of a Prospectus,
in light of the circumstances under which they were made) not misleading, and shall reimburse each Holder Indemnified Person for any legal and any other expenses reasonably incurred in connection with investigating or defending any claim, loss,
damage, liability, or action, in each case to the extent, but only to the extent, that the untrue statement (or alleged untrue statement) or omission (or alleged omission) is made in that Registration Statement, Prospectus, or other document in
reliance upon and in conformity with written information furnished to the Company by that Holder and expressly stated to be specifically for use in such Registration Statement, prospectus or other document, provided, however, that the
indemnity contained in this Section 7.2 shall not apply to amounts paid in settlement of any Damages if settlement is effected without the consent of that Holder (which consent shall not be unreasonably withheld) and provided, further,
that each Holder’s liability under this Section 7.2 shall not exceed the Holder’s proceeds net of Selling Expenses. 
 7.3.
Indemnification Procedure. Promptly after receipt by an indemnified party under this Section 7 of notice of the commencement of any action, the indemnified party shall, if a claim is to be made against an indemnifying party under this
Section 7, notify the indemnifying party in writing of the commencement thereof and generally summarize the action. The indemnifying party shall have the right to participate in and to assume the defense of that claim; provided, however,
that the indemnifying party shall be entitled to select counsel for the defense of the claim with the approval of any parties entitled to indemnification, which approval shall not be unreasonably withheld; provided, further, that if either
party reasonably determines that there may be a conflict between the position of the Company and the Holders in conducting the defense of the action, suit, or proceeding by reason of recognized claims for indemnity under this Section 7, then
counsel for that party shall be entitled to conduct the defense to the extent reasonably determined by counsel to be necessary to protect the interests of that party. The failure to notify an indemnifying party promptly of the commencement of any
action, if prejudicial to the ability of the indemnifying party to defend the action, shall relieve the indemnifying party, to the extent so prejudiced, of any liability to the indemnified party under this Section 7, but the omission to notify
the indemnifying party shall not relieve the party of any liability that the party may have to any indemnified party otherwise than under this Section 7. 
  

 14 

 7.4. Contribution. If the indemnification provided for in this Section 7 is held by a court
of competent jurisdiction to be unavailable to an indemnified party with respect to any Damages, then the indemnifying party, in lieu of indemnifying the indemnified party hereunder, shall contribute to the amount paid or payable by the indemnified
party as a result of those Damages in such proportion as is appropriate to reflect the relative fault of the indemnifying party, on the one hand, and of the indemnified party, on the other hand, in connection with the statements or omissions that
resulted in Damages as well as any other relevant equitable considerations. The relative fault of the indemnifying party and of the indemnified party shall be determined by reference to, among other things, whether the untrue or alleged untrue
statement of a material fact or the omission to state a material fact relates to information supplied by the indemnifying or the indemnified party and the parties’ relative intent, knowledge, access to information, and opportunity to correct or
prevent the statement or omission. The Parties hereto agree that it would not be just and equitable if contribution pursuant to this Section 7.4 were determined by pro rata allocation or by any other method of allocation which does not take
account of the equitable considerations referred to in this Section 7.4. The amount paid or payable by an indemnified party as a result of the losses, claims, damages or liabilities (or actions in respect thereof) referred to above shall be
deemed to include any legal or other fees or expenses reasonably incurred by such indemnified party in connection with investigating or defending any such action or claim. No person guilty of fraudulent misrepresentation (within the meaning of
Section 11(f) of the Securities Act) shall be entitled to contribution from any person who was not guilty of such fraudulent misrepresentation. The obligations of the Holders in this Section 7.4 to contribute shall be several in proportion
to the percentage of the amount of Registrable Securities offered by them and not joint. 
 7.5. Conflicts. Notwithstanding the
foregoing, to the extent that provisions on indemnification and contribution contained in the underwriting agreement entered into in connection with the underwritten public offering are in conflict with the foregoing provisions, the provisions in
the underwriting agreement shall control. 
 7.6. Survival of Obligations. Unless otherwise superseded by an underwriting agreement
entered into with the underwritten public offering, the obligations of the Company and Holders under this Section 7 shall survive the completion of any offering of the Registrable Securities in a Registration Statement under this Agreement or
otherwise. 
 7.7. Indemnification not Exclusive. The obligations of the Company under this Section 7 shall be in addition to any
liability which the Company may otherwise have to any indemnified person and the obligations of any indemnified person under this Section 7 shall be in addition to any liability which such indemnified person may otherwise have to the Company.
The remedies provided in this Section 7 are not exclusive and shall not limit any rights or remedies which may otherwise be available to an indemnified party at law or in equity. 
 8. Reports. With a view to making available to Holders the benefits of Rule 144 and Rule 144A under the Securities Act and any other rule or
regulation of the SEC that may at any time permit a Holder to sell securities of the Company to the public without Registration, the Company agrees while any Registrable Securities remain outstanding, to: 
  

	 	(a)	make and keep adequate current public information with respect to the Company available, as those terms are understood and defined in Rule 144, at all times after ninety
(90) days after the effective date of the first Registration Statement filed by the Company for the offering of its securities to the public; 

  

 15 

	 	(b)	take all commercially reasonable action necessary to enable the Holders to utilize Form F-3 for the sale of their Registrable Securities, such action to be taken as soon as
practicable after the end of the fiscal year in which the first Registration Statement filed by the Company for the offering of its securities to the general public is declared effective; 

  

	 	(c)	file with the SEC in a timely manner all reports and other documents required of the Company under the Securities Act and the Exchange Act; and, upon request, furnish a written
statement to the Holders that it has complied with such requirements. 

  

	 	(d)	for a Registration in a jurisdiction other than the United States, take actions similar to those set forth in paragraphs (a), (b) and (c) of this Section 8 with a
view to making available to Holders the benefits of the corresponding provision or provisions of that jurisdiction’s securities laws; and 

  

	 	(e)	so long as any Registrable Securities remain outstanding, if the Company is not required to file reports and other documents under the Securities Act and the Exchange Act, it will
make available other information as required by, and so long as necessary to permit sales of Registrable Securities pursuant to Rule 144 and Rule 144A. 

 9. Compliance with Sarbanes-Oxley Act. The Company covenants that it will fully comply with all the requirements of the United States Sarbanes-Oxley Act of 2002, as amended, and any rules and regulations
thereunder adopted from time to time by the SEC and any other applicable laws, in each case to the extent applicable to the Company. 
 10.
Miscellaneous. 
 10.1. Governing Law. This Agreement shall be governed by, and construed in accordance with, the laws of the
State of New York. Each of the parties hereto hereby irrevocably submits to the non-exclusive jurisdiction of any State or Federal court located in the Borough of Manhattan, the City of New York, in respect of any suit, action or proceeding arising
out of or relating to this Agreement, and irrevocably accepts for itself and in respect of its property, generally and unconditionally, the jurisdiction of the aforesaid courts. Each of the parties hereto irrevocably waives, to the fullest extent it
may effectively do so under applicable law, any objection that it may now or hereafter have to the laying of the venue of any such suit, action or proceeding brought in any such court and any claim that any such suit, action or proceeding brought in
any such court has been brought in an inconvenient forum. 
 10.2. Counterparts and Facsimile Execution. This Agreement may be
executed in two or more counterparts, each of which shall be deemed an original, but all of which together shall constitute one and the same instrument. Any counterpart or other signature delivered by facsimile shall be deemed for all purposes as
being a good and valid execution and delivery of this Agreement by that party. 
  

 16 

 10.3. Headings. The headings of the Sections of this Agreement are for convenience and shall not
by themselves determine the interpretation of this Agreement. 
 10.4. Notices. All notices, requests and other communications
hereunder must be in writing and will be deemed to have been duly given only if delivered personally or by facsimile transmission or mailed (first class postage prepaid) to the parties at the following addresses or facsimile numbers: 
 If to Deutsche Bank as holder of the DB Shares, to: 
 Deutsche Bank, AG 
 c/o Deutsche Bank AG, Hong Kong Branch 
 56/F Cheung Kong Center 
 2 Queen’s Road
Central 
 Hong Kong 
 Facsimile
No.: (852) 2203-7266 
 Attn: Derek Leung 
 If to a CB Holder, at its address specified in Schedule 1 
 If to the Company, to: 
 GCL Silicon Technology Holdings Inc. 
 36/F,
Two Exchange Square 
 Central, Hong Kong 
 Facsimile No.: (852) 2526-7638 
 Attn: Richard Li/ David Fung 
 with a courtesy copy to: 
 Milbank, Tweed,
Hadley & McCloy LLP 
 1 Chase Manhattan Plaza 
 New York, NY 10005 
 Facsimile No.: (1)(212) 822-5505 
 Attn: Douglas A. Tanner 
 All such notices, requests and
other communications will (a) if delivered personally to the address as provided in this Section, be deemed given upon delivery, (b) if delivered by facsimile transmission to the facsimile number as provided in this Section, be deemed
given upon on the date of transmission with receipt of a transmittal confirmation, and (c) if delivered by mail in the manner described above to the address as provided in this Section, be deemed given on the fourth (4th) Business Day
following the date of deposit with such courier service, or such earlier delivery date as may be confirmed in writing to the sender by such courier service (in each case regardless of whether such notice, request or other communication is received
by any other Person to whom a copy of such notice, 

  

 17 

 
request or other communication is to be delivered pursuant to this Section). Any party from time to time may change its address, facsimile number or other
information for the purpose of notices to that party by giving notice specifying such change to the other party hereto. 
 10.5. Amendment
of Agreement. Any provision of this Agreement may be amended only by a written instrument signed by the Company and by persons holding not less than 75% of the then outstanding Registrable Securities (calculated on an as-converted basis).

 10.6. Severability. In case any provision of this Agreement shall be invalid, illegal, or unenforceable, the validity, legality,
and enforceability of the remaining provisions shall not in any way be affected or impaired thereby. 
 10.7. Entire Agreement; Successors
and Assigns. This Agreement constitutes the entire contract between the Parties relative to the subject matter of this Agreement. Any previous agreement, whether written or oral, between the Company and any Party concerning the subject matter of
this Agreement or registration rights is superseded by this Agreement. Subject to the exceptions specifically set forth in this Agreement, the terms and conditions of this Agreement shall inure to the benefit of and be binding upon the respective
executors, administrators, heirs, successor, and permitted assigns of the parties. 
 10.8. Further Assurances. Each of the parties
shall execute such documents and perform such further acts as may be reasonably required or necessary to carry out or to perform the provisions of this Agreement. 
 10.9. Prior Registration Rights Agreement. The parties to this agreement irrevocably agree that: 
  

	 	(a)	with immediate effect after the issuance of the Notes: 

  

	 	(i)	this Agreement supercedes any prior agreement among the parties hereto related to registration rights for the Ordinary Shares (the “Prior Agreements”);

  

	 	(ii)	the Prior Agreements and the rights, interests and obligations set out in the Prior Agreements are hereby terminated and replaced in all respects with the rights, interests and
obligations set out herein; and 

  

	 	(iii)	no party to this Agreement and no Holder shall have any right, obligation or interest under or in respect of the Prior Agreements (other than those set out herein) and no party to
this Agreement may bring, or seek to bring, any claim, action or proceeding against another party in connection with the Prior Agreements. 

 [Signatures follow on the next page.] 
  

 18 

 IN WITNESS WHEREOF, the parties to this Agreement have executed this Agreement as of the day and year
first above written. 
  

			
	DEUTSCHE BANK AG in its capacity as a CB Holder and as a holder of the DB Shares:
		
	 By:
	 	  

	 Name:
	 	
	 Title:
	 	

			
	Credit Suisse International in its capacity as a CB Holder:
		
	 By:
	 	  

	 Name:
	 	
	 Title:
	 	

			
	 Asia Debt Management Hong Kong Limited
 for and on behalf of
 ADM GALLEUS FUND LIMITED
 in its capacity as a CB
Holder:

		
	 By:
	 	  

	 Name:
	 	
	 Title:
	 	

			
	 RCG Asia Opportunity Fund, Ltd in its capacity as a CB Holder:

		
	 By:
	 	  

	 Name:
	 	
	 Title:
	 	

			
	GCL SILICON TECHNOLOGY HOLDINGS INC.
		
	 By:
	 	  

	 Name:
	 	
	 Title:
	 	

 Schedule 1 
 CB Holders 
  

	 	1.	Deutsche Bank, AG 

 Note Holdings: 
 Notice Address: 
 c/o Deutsche Bank AG, Hong
Kong Branch 
 56/F Cheung Kong Center 
 2 Queen’s Road Central 
 Hong Kong 
 Facsimile No.: (852) 2203-7266 
 Attn: Derek Leung 
  

	 	2.	Credit Suisse International 

 Note Holdings:

 Notice Address: 
 One Cabot
Square 
 London E14 4QJ, United Kingdom 
 Facsimile No.: + 44 20794 2571 
 Attn: Markus Niemeier 
  

	 	3.	Asia Debt Management Hong Kong Limited: 

 Note
Holdings: 
 Notice Address: 
 1008 ICBC Tower 
 3 Garden Road Central 
 Hong Kong 
 Facsimile No.: +852 2147 2813 
 Attn: Grace Tan / Alex Shaik 

	 	4.	RCG Asia Opportunity Fund, Ltd. 

 Note Holding:

 Notice Address: 
 Unit 1210,
12/F ICBC Tower 
 Citibank Plaza 
 3 Garden Road 
 Central, Hong Kong 
 Facsimile No.: +852 3761 9797 
 Attn: Rob Levinson

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