Document:

Exhibit 4.4

     

    EXHIBIT
      4.4

     

    MICROCHIP
      TECHNOLOGY INCORPORATED

     

    2001
      EMPLOYEE STOCK PURCHASE PLAN

     

    As
      Amended Through August 15, 2003

    

     

    The
      following constitute the provisions of the 2001 Employee Stock Purchase Plan
      of
      Microchip Technology Incorporated, as amended through August 15,
      2003.

     

    1. Purpose.
      The
      purpose of the Plan is to provide employees of the Company and one or more
      of
      its Corporate Affiliates an opportunity to purchase Common Stock of the Company
      through accumulated payroll deductions. It is the intention of the Company
      to
      have the Plan qualify as an “Employee Stock Purchase Plan” under Section 423 of
      the Code. The provisions of the Plan, accordingly, shall be construed so as
      to
      extend and limit participation in a uniform and nondiscriminatory basis
      consistent with the requirements of Section 423.

     

    2. Definitions.

     

    (a) “Administrator”
shall
      mean the Committee designated by the Board to administer the Plan pursuant
      to
      Section 14.

     

    (b) “Board”
shall
      mean the Board of Directors of the Company.

     

    (c) “Change
      of Control”
      shall
      mean the occurrence of any of the following events: 

     

    (i) a
      merger
      or other reorganization in which the Company will not be the surviving
      corporation (other than a reorganization effected primarily to change the State
      in which the Company is incorporated); or 

     

    (ii) the
      consummation of the sale or disposition by the Company of all or substantially
      all of the Company’s assets; or

     

    (iii) a
      reverse
      merger in which the Company is the surviving corporation but in which more
      than
      fifty percent (50%) of the Company’s outstanding voting stock is transferred to
      a person or persons different from those who held the stock immediately prior
      to
      such merger.

     

    (d) “Code”
shall
      mean the Internal Revenue Code of 1986, as amended.

     

    (e) “Committee”
means
      a
      committee of the Board appointed by the Board in accordance with Section 14
      hereof.

     

    (f) “Common
      Stock”
shall
      mean the common stock of the Company, par value $0.001.

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    (g) “Company”
shall
      mean Microchip Technology Incorporated, a Delaware corporation. 

     

    (h) “Compensation”
shall
      mean the following items paid to an Eligible Employee by the Company and/ or
      one
      or more Corporate Affiliates during such individual’s period of participation in
      the Plan: (i) regular base salary, and (ii) any pre-tax contributions made
      by
      the Eligible Employees to any Code Section 401(k) plan, any Code Section 125
      Plan, any unfunded non-qualified deferred compensation plan described in
      Sections 201(2), 301(a)(3) or 401(a)(1) of ERISA, and (iii) all overtime
      payments, bonuses, commissions, profit-sharing distributions and other incentive
      type payments. There shall be excluded any contributions (except 401(k) and
      125
      contributions) made on the Eligible Employee’s behalf by the Company or
      Corporate Affiliate. 

     

    (i) “Corporate
      Affiliate”
shall
      mean any parent or subsidiary of the Company (as defined in Section 424 of
      the
      Code) which is incorporated in the United States, including any parent or
      subsidiary corporation which becomes such after the Effective Date.

     

    (j) “Effective
      Date”
      shall
      mean March 1, 2002.

     

    (k) “Eligible
      Employee”
shall
      mean any individual who is a common law employee of any Participating Company
      and whose customary employment with the Participating Company is at least 20
      hours per week and more than five (5) months in any calendar year. For purposes
      of the Plan, the employment relationship shall be treated as continuing intact
      while the individual is on sick leave or other leave of absence approved by
      the
      Company. Where the period of leave exceeds 90 days and the individual's right
      to
      reemployment is not guaranteed either by statute or in writing signed by a
      duly
      authorized officer of the Company, the employment relationship shall be deemed
      to have terminated on the 91st day of such leave. 

     

    (l) “Entry
      Date”
shall
      mean the first Trading Day of any Offering Period. An Entry Date occurs on
      the
      first Trading Day in March or September. 

     

    (m) “ERISA”
shall
      mean the Employee Retirement Income Security of 1974, as amended. 

     

    (n) “Exercise
      Date”
shall
      mean the first Trading Day of March and September.

     

    (o) “Fair
      Market Value”
shall
      mean the closing sales price for such stock (or the closing bid, if no sales
      were reported) as quoted on such exchange or system on the date of
      determination, as reported in The
      Wall Street Journal
      or such
      other source as the Board deems reliable; provided, however, that if there
      is no
      closing sales price (or closing bid price, if applicable) for such date, then
      the closing sales price (or closing bid price, if applicable) for the next
      day
      for which such quotation exists.

     

    (p) “Offering
      Periods”
shall
      mean a period of time during which an option granted pursuant to the Plan may
      be
      exercised. The Plan shall be implemented by a series of Offering Periods
      (“Series of Offering Periods”). Each Series of Offering Periods shall contain
      four (4) Offering Periods. The first Offering Period in the Series shall
      commence on the first Trading Day on or after March 1, 2002, and shall end
      on
      the first Trading Day on or after March 1, 2004 (the “Last Day of the Series”).
      The second Offering Period in the Series shall commence on the
      next

    
      
        
        

      

      
        2

        
          

        

      

       

    

    following
      Entry Date, shall last approximately 18 months and shall end on the Last Day
      of
      the Series. The third Offering Period in the Series shall commence on the next
      following Entry Date, shall last approximately 12 months and shall end on the
      Last Day of the Series. The fourth Offering Period in the Series shall commence
      on the next following Entry Date, shall last approximately six (6) months and
      shall end on the Last Day of the Series. A new Series of Offering Periods shall
      commence on the Last Day of the Series. The duration and timing of Offering
      Periods may be changed pursuant to Section 19 of this Plan.

     

    (q) “Participating
      Company”
shall
      mean the Company and such Corporate Affiliates as may be designated from time
      to
      time by the Board to extend the benefits of the Plan to their Eligible
      Employees.

     

    (r) “Plan”
shall
      mean this Employee Stock Purchase Plan.

     

    (s) “Purchase
      Period”
shall
      mean the approximately six (6) month period commencing on one Exercise Date
      and
      ending with the next Exercise Date, except that the first Purchase Period of
      any
      Offering Period shall commence on the first Entry Date and end with the next
      Exercise Date. 

     

    (t) “Purchase
      Price”
shall
      mean 85% of the Fair Market Value of a share of Common Stock on the Entry Date
      or on the Exercise Date, whichever is lower; provided, however, that the
      Purchase Price may be adjusted by the Administrator pursuant to Section
      20.

     

    (u) “Trading
      Day”
shall
      mean a day on which national stock exchanges and the Nasdaq System are open
      for
      trading.

     

    3. Eligibility.

     

    (a) Generally.
      Any
      Eligible Employee on a given Entry Date shall be eligible to participate in
      the
      Plan.

     

    (b) Limitations.
      Any
      provisions of the Plan to the contrary notwithstanding, no Eligible Employee
      shall be granted an option under the Plan (i) to the extent that, immediately
      after the grant, such Eligible Employee (or any other person whose stock would
      be attributed to such Eligible Employee pursuant to Section 424(d) of the Code)
      would own capital stock of the Company and/or hold outstanding options to
      purchase such stock possessing five percent (5%) or more of the total combined
      voting power or value of all classes of the capital stock of the Company or
      of
      any Subsidiary, or (ii) to the extent that his or her rights to purchase stock
      under all employee stock purchase plans of the Company and its subsidiaries
      accrues at a rate which exceeds $25,000.00 worth of stock (determined at the
      fair market value of the shares at the time such option is granted) for each
      calendar year in which such option is outstanding at any time.

     

    4. Offering
      Periods.
      The
      Plan shall be implemented by a series of Offering Periods (“Series of Offering
      Periods”). Each Series of Offering Periods shall contain four (4) Offering
      Periods. The first Offering Period in the Series shall commence on the first
      Trading Day on or after March 1, 2002, and shall end on the first Trading Day
      on
      or after March 1, 2004 (the “Last Day of the Series”). The second Offering
      Period in the Series shall commence on the next following Entry Date, shall
      last
      approximately 18 months and shall end on the Last Day of the Series. The third
      

    
      
        
        

      

      
        3

        
          

        

      

       

    

    Offering
      Period in the Series shall commence on the next following Entry Date, shall
      last
      approximately 12 months and shall end on the Last Day of the Series. The fourth
      Offering Period in the Series shall commence on the next following Entry Date,
      shall last approximately six (6) months and shall end on the Last Day of the
      Series. A new Series of Offering Periods shall commence on the Last Day of
      the
      Series. The duration and timing of Offering Periods may be changed pursuant
      to
      Section 19 of this Plan.

     

    5. Participation.
      An
      Eligible Employee may become a participant in the Plan by completing a
      subscription agreement authorizing payroll deductions in the form of
Exhibit
      A
      to this
      Plan and filing it with the Company's stock plan administrator, on a date
      determined by such administrator, which shall be no later than five (5) Trading
      Days prior to the applicable Entry Date.

     

    6. Payroll
      Deductions.

     

    (a) At
      the
      time a participant files his or her subscription agreement, he or she shall
      elect to have payroll deductions made on each pay day during the Offering Period
      in any multiple of one-percent (1%), but not exceeding ten-percent (10%) of
      the
      Compensation which he or she receives during each Purchase Period; provided,
      however, that should a payday occur on an Exercise Date, a participant shall
      have the payroll deductions made on such day applied to his or her account
      under
      the new Offering Period or Purchase Period, as the case may be. A participant's
      subscription agreement shall remain in effect for successive Offering Periods
      unless terminated as provided in Section 10 hereof.

     

    (b) Payroll
      deductions for a participant shall commence on the first payday following the
      Entry Date and shall end on the last payday in the Offering Period to which
      such
      authorization is applicable, unless sooner terminated by the participant as
      provided in Section 10 hereof. All payroll deductions made for a participant
      shall be credited to his or her account under the Plan and shall be withheld
      in
      whole percentages only. A participant may not make any additional payments
      into
      such account.

     

    (c) A
      participant may discontinue his or her participation in the Plan as provided
      in
      Section 10 hereof, or may decrease (but not increase) the rate of his or her
      payroll deductions during the Offering Period by completing or filing with
      the
      Company a new subscription agreement authorizing a change in payroll deduction
      rate. No more than one (1) such reduction shall be allowed in any Purchase
      Period. A participant may only increase the rate of his or her payroll
      deductions beginning with the next Offering Period which lasts 24 months. The
      change in rate shall be effective as soon as administratively practicable.
      

     

    (d) Notwithstanding
      the foregoing, to the extent necessary to comply with Section 423(b)(8) of
      the
      Code and Section 3(b) hereof, a participant's payroll deductions may be
      decreased to zero percent (0%) at any time during a Purchase Period. Payroll
      deductions shall recommence at the rate provided in such participant's
      subscription agreement at the beginning of the first Purchase Period
      which is scheduled to end in the following calendar year, unless terminated
      by
      the participant as provided in Section 10 hereof.
       

      (e) At
        the
        time the option is exercised, in whole or in part, or at the time some or
        all of
        the Company's Common Stock issued under the Plan is disposed of, the participant
        must make 

    

    
      
        
        

      

      
        4

        
          

        

      

       

    

    adequate
      provision for the Company's federal, state, or other tax withholding
      obligations, if any, which arise upon the exercise of the option or the
      disposition of the Common Stock. At any time, the Company may, but shall not
      be
      obligated to, withhold from the participant's compensation the amount necessary
      for the Company to meet applicable withholding obligations, including any
      withholding required to make available to the Company any tax deductions or
      benefits attributable to sale or early disposition of Common Stock by the
      Eligible Employee. 

     

    7. Grant
      of Option.
      On the
      Entry Date of each Offering Period, each Eligible Employee participating in
      such
      Offering Period shall be granted an option to purchase on each Exercise Date
      during such Offering Period (at the applicable Purchase Price) up to a number
      of
      shares of the Company's Common Stock determined by dividing such Eligible
      Employee's payroll deductions accumulated prior to such Exercise Date and
      retained in the Participant's account as of the Exercise Date by the applicable
      Purchase Price; provided that in no event shall an Eligible Employee be
      permitted to purchase during each Purchase Period more than 7,5001 
      shares
      of the Company's Common Stock (subject to any adjustment pursuant to Section
      19), and provided further that such purchase shall be subject to the limitations
      set forth in Sections 3(b) and 6 hereof. The Eligible Employee may accept the
      grant of such option by turning in a completed Subscription Agreement (attached
      hereto as Exhibit
      A)
      to the
      stock plan administrator, on a date determined by such administrator, which
      shall be no later than five (5) Trading Days prior to an applicable Entry Date.
      The Administrator may, for future Offering Periods, increase or decrease, in
      its
      absolute discretion, the maximum number of shares of the Company's Common Stock
      an Eligible Employee may purchase during each Purchase Period of such Offering
      Period. Exercise of the option shall occur as provided in Section 8 hereof,
      unless the participant has withdrawn pursuant to Section 10 hereof. The option
      shall expire on the last day of the Offering Period.

     

    8. Exercise
      of Option.

     

    (a) Unless
      a
      participant withdraws from the Plan as provided in Section 10 hereof, his or
      her
      option for the purchase of shares shall be exercised automatically on the
      Exercise Date, and the maximum number of full shares subject to option shall
      be
      purchased for such participant at the applicable Purchase Price with the
      accumulated payroll deductions in his or her account. No fractional shares
      shall
      be purchased; any payroll deductions accumulated in a participant's account
      which are not sufficient to purchase a full share shall be retained in the
      participant's account for the subsequent Purchase Period or Offering Period,
      subject to earlier withdrawal by the participant as provided in Section 10
      hereof. Any other funds left over in a participant's account after the Exercise
      Date shall be returned to the participant. During a participant's
      lifetime, a participant's option to purchase shares hereunder is exercisable
      only by him or her.
       

      (b) If
        the
        Administrator determines that, on a given Exercise Date, the number of shares
        with respect to which options are to be exercised may exceed (i) the number
        of
        shares of Common Stock that were available for sale under the Plan on the
        Entry
        Date of the applicable Offering Period, or (ii) the number of shares available
        for sale under the Plan on such Exercise Date,

    

     

    __________________

     

    1
      As
      adjusted for a May 2002 3-for-2 stock split.

    
      
        
        

      

      
        5

        
          

        

      

       

    

    the
      Administrator may in its sole discretion (x) provide that the Company shall
      make
      a pro rata allocation of the shares of Common Stock available for purchase
      on
      such Entry Date or Exercise Date, as applicable, in as uniform a manner as
      shall
      be practicable and as it shall determine in its sole discretion to be equitable
      among all participants exercising options to purchase Common Stock on such
      Exercise Date, and continue all Offering Periods then in effect, or (y) provide
      that the Company shall make a pro rata allocation of the shares available for
      purchase on such Entry Date or Exercise Date, as applicable, in as uniform
      a
      manner as shall be practicable and as it shall determine in its sole discretion
      to be equitable among all participants exercising options to purchase Common
      Stock on such Exercise Date, and terminate any or all Offering Periods then
      in
      effect pursuant to Section 20 hereof. The Company may make pro rata allocation
      of the shares available on the Entry Date of any applicable Offering Period
      pursuant to the preceding sentence, notwithstanding any authorization of
      additional shares for issuance under the Plan by the Company's shareholders
      subsequent to such Entry Date.

     

    9. Delivery.
      As soon
      as reasonably practicable after each Exercise Date on which a purchase of shares
      occurs, the Company shall arrange the delivery to each participant the shares
      purchased upon exercise of his or her option in a form determined by the
      Administrator.

     

    10. Withdrawal.

     

    (a) At
      any
      time prior to the last five (5) Trading Days of a Purchase Period, a participant
      may withdraw from the Plan by giving written notice to the Company in the form
      of Exhibit
      B
      to this
      Plan. The participant shall elect to either have (i) all of the participant's
      payroll deductions credited to his or her account used to purchase shares at
      the
      next Exercise Date or (ii) all payroll deductions credited to his or her account
      refunded. In neither event will any further payroll deductions for the purchase
      of shares be made for such Offering Period. If a participant withdraws from
      an
      Offering Period, the participant may not re-enroll in the Plan until the next
      Offering Period which lasts 24 months, and payroll deductions shall not resume
      at the beginning of such Offering Period unless the participant delivers to
      the
      Company a new subscription agreement in a manner provided for in Section
      5.

     

    (b) A
      participant's withdrawal from an Offering Period shall not have any effect
      upon
      his or her eligibility to participate in any similar plan which may hereafter
      be
      adopted by the Company.

     

    11. Termination
      of Employment.
      In the
      event a participant ceases to be an Eligible Employee of the Company or any
      Participating Company (other than as a result of death or Permanent Disability),
      any payroll deductions credited to such participant's account during the
      Offering Period but not yet used to purchase shares under the Plan shall be
      returned to such participant
      and such participant's option shall be automatically terminated. In the event
      a
      participant ceases to be an Employee of the Company or any Participating Company
      as a result of death or Permanent Disability, then such participant (or personal
      representative of the estate of the deceased participant) may elect at any
      time
      prior to the last five (5) Trading Days of a Purchase Period in which such
      termination occurs, to (i) have all of such participant’s payroll deductions for
      such Purchase Period refunded to the Participant or (ii) have all such payroll
      deductions used to purchase the Company’s common stock on the Exercise Date
      following such termination.

    
      
        
        

      

      
        6

        
          

        

      

       

    

     

    12. Interest.
      No
      interest shall accrue on the payroll deductions of a participant in the
      Plan.

     

    13. Stock.

     

    (a) Subject
      to adjustment upon changes in capitalization of the Company as provided in
      Section 19 hereof, the number of shares of the Company's Common Stock which
      shall be made available for sale under the Plan shall be 3,275,000 shares,
      plus
      up to 150,000 remaining unissued shares available as of the Effective Date
      under
      the Company’s previous ESPP, and plus beginning January 1, 2005, and each
      January 1 thereafter during the term of the Plan, an automatic annual increase
      in shares reserved of the lesser of (i) 1,500,000 shares, (ii) one half of
      one
      percent (0.5%) of the then outstanding shares of our common stock, or (iii)
      such
      lesser amount as is approved by our Board of Directors2 ;
      provided, however, that the shares under the Company’s previous ESPP shall not
      be available for issuance under the Plan to the extent that such reservation
      would, in the opinion of the Company’s independent auditors, result in a
      compensation expense to the Company under either EITF 97-12 or FIN 44.
3 

     

    (b) Until
      the
      shares are issued (as evidenced by the appropriate entry on the books of the
      Company or of a duly authorized transfer agent of the Company), a participant
      shall only have the rights of an unsecured creditor with respect to such shares,
      and no right to vote or receive dividends or any other rights as a stockholder
      shall exist with respect to such shares.

     

    (c) Shares
      to
      be delivered to a participant under the Plan shall be held in a brokerage
      account in street name. 

     

    14. Administration.
      The
      Administrator shall administer the Plan and shall have full and exclusive
      discretionary authority to construe, interpret and apply the terms of the Plan,
      to determine eligibility and to adjudicate all disputed claims filed under
      the
      Plan. Every finding, decision and determination made by the Administrator shall,
      to the full extent permitted by law, be final and binding upon all
      parties.

     

    15. Designation
      of Beneficiary.

    
       

      (a) A
        participant may file a written designation of a beneficiary who is to receive
        any payroll deductions, if any, from the participant's account under the
        Plan in
        the event of such participant's death subsequent to an Exercise Date on which
        the option is exercised but prior to delivery to such participant of such
        payroll deductions. In addition, a participant may file a written designation
        of
        a beneficiary who is to receive any payroll deductions from the participant's
        account under the Plan in the event of such participant's death prior to
        exercise of the option. If a participant 

    

     

      
        

      

    

     

    
      
        2
          Approved
          by shareholders August 15, 2003.

         

      

      
        3
          All
          numbers in this Section 13(a) have been adjusted to reflect a May 2002
          3-for-2
          stock split, the additional 500,000 shares approved by the stockholders
          on
          August 16, 2002 and the additional 975,000 shares approved by the stockholders
          on August 15, 2003.

         

      

    

    
      
        
        

      

      
        7

        
          

        

      

       

    

    is
      married and the designated beneficiary is not the spouse, spousal consent shall
      be required for such designation to be effective.

     

    (b) Such
      designation of beneficiary may be changed by the participant at any time by
      written notice. In the event of the death of a participant and in the absence
      of
      a beneficiary validly designated under the Plan who is living at the time of
      such participant's death, the Company shall deliver such payroll deductions
      to
      the executor or administrator of the estate of the participant, or if no such
      executor or administrator has been appointed (to the knowledge of the Company),
      the Company, in its discretion, may deliver such payroll deductions to the
      spouse or to any one or more dependents or relatives of the participant, or
      if
      no spouse, dependent or relative is known to the Company, then to such other
      person as the Company may designate.

     

    (c) All
      beneficiary designations shall be in such form and manner as the Administrator
      may designate from time to time.

     

    16. Transferability.
      Neither
      payroll deductions credited to a participant's account nor any rights with
      regard to the exercise of an option or to receive shares under the Plan may
      be
      assigned, transferred, pledged or otherwise disposed of in any way (other than
      by will, the laws of descent and distribution or as provided in Section 15
      hereof) by the participant. Any such attempt at assignment, transfer, pledge
      or
      other disposition shall be without effect, except that the Company may treat
      such act as an election to withdraw funds from an Offering Period in accordance
      with Section 10 hereof.

     

    17. Use
      of
      Funds.
      All
      payroll deductions received or held by the Company under the Plan may be used
      by
      the Company for any corporate purpose, and the Company shall not be obligated
      to
      segregate such payroll deductions. Until shares are issued, participants shall
      only have the rights of an unsecured creditor.

     

    18. Reports.
      Individual accounts shall be maintained for each participant in the Plan.
      Statements of account shall be given to participating Eligible Employees at
      least annually, which statements shall set forth the amounts of payroll
      deductions, the Purchase Price, the number of shares purchased and the remaining
      cash balance, if any.

     

    19. Adjustments
      Upon Changes in Capitalization, Dissolution, Liquidation, Merger or Change
      of
      Control.

     

    (a) Changes
      in Capitalization.
      Subject
      to any required action by the shareholders of the Company, the maximum number
      of
      shares of the Company’s Common Stock which shall be made available for sale
      under the Plan, the maximum number of shares each participant may purchase
      each
      Purchase Period (pursuant to Section 7), as well as the price per share and
      the
      number of shares of Common Stock covered by each option under the Plan which
      has
      not yet been exercised shall be proportionately adjusted for any increase or
      decrease in the number of issued shares of Common Stock resulting from a stock
      split, reverse stock split, stock dividend, combination or reclassification
      of
      the Common Stock, or any other change in the number of shares of Common Stock
      effected without receipt of consideration by the Company; provided, however,
      that conversion of any convertible securities of the Company shall not be deemed
      to have been “effected without receipt of consideration.” Such adjustment shall
      be made by the Administrator, whose determination in that respect shall be
      final, binding and conclusive.  Except as expressly provided herein,
      no 

    
      
        
        

      

      
        8

        
          

        

      

       

    

    issuance
      by the Company of shares of stock of any class, or securities convertible into
      shares of stock of any class, shall affect, and no adjustment by reason thereof
      shall be made with respect to, the number or price of shares of Common Stock
      subject to an option.

     

    (b) Change
      in Control.
      In the
      event of a Change of Control, each outstanding option shall be assumed or an
      equivalent option substituted by the successor corporation or a Parent or
      Subsidiary of the successor corporation. In the event that the successor
      corporation refuses to assume or substitute for the option, any Purchase Periods
      then in progress shall be shortened by setting a New Exercise Date and any
      Offering Periods then in progress shall end on the New Exercise Date. The New
      Exercise Date shall be before the date of the Company's proposed Change of
      Control. The Administrator shall notify each participant in writing, at least
      10
      business days prior to the New Exercise Date, that the Exercise Date for the
      participant's option has been changed to the New Exercise Date and that the
      participant's option shall be exercised automatically on the New Exercise Date,
      unless prior to such date the participant has withdrawn from the Offering Period
      as provided in Section 10 hereof.

     

    20. Amendment
      or Termination.

     

    (a) The
      Administrator may at any time and for any reason terminate or amend the Plan.
      Except as otherwise provided in the Plan, no such termination can affect options
      previously granted, provided that an Offering Period may be terminated by the
      Administrator on any Exercise Date if the Administrator determines that the
      termination of the Offering Period or the Plan is in the best interests of
      the
      Company and its shareholders. Except as provided in Section 19 and this Section
      20 hereof, no amendment may make any change in any option theretofore granted
      which adversely affects the rights of any participant. To the extent necessary
      to comply with Section 423 of the Code (or any successor rule or provision
      or
      any other applicable law, regulation or stock exchange rule), the Company shall
      obtain shareholder approval in such a manner and to such a degree as
      required.

     

    (b) Without
      shareholder consent and without regard to whether any participant rights may
      be
      considered to have been “adversely affected,” the Administrator shall be
      entitled to change the Offering Periods, limit the frequency and/or number
      of
      changes in the amount withheld during an Offering Period, establish the exchange
      ratio applicable to amounts withheld in a currency other than U.S. dollars,
      permit payroll withholding in excess of the amount designated by a participant
      in order to adjust for delays or mistakes in the Company's processing of
      properly completed withholding elections, establish reasonable waiting and
      adjustment periods and/or accounting
      and crediting procedures to ensure that amounts applied toward the purchase
      of
      Common Stock for each participant properly correspond with amounts withheld
      from
      the participant's Compensation, and establish such other limitations or
      procedures as the Administrator determines in its sole discretion advisable
      which are consistent with the Plan.
       

      (c) In
        the
        event the Administrator determines that the ongoing operation of the Plan
        may
        result in unfavorable financial accounting consequences, the Board may, in
        its
        discretion and, to the extent necessary or desirable, modify or amend the
        Plan
        to reduce or eliminate such accounting consequence including, but not limited
        to:

    

    
      
        
        

      

      
        9

        
          

        

      

       

    

     

    (i) increasing
      the Purchase Price for any Offering Period including an Offering Period underway
      at the time of the change in Purchase Price;

     

    (ii) shortening
      any Offering Period so that Offering Period ends on a new Exercise Date,
      including an Offering Period underway at the time of the Board action;
      and

     

    (iii) allocating
      shares.

     

    Such
      modifications or amendments shall not require stockholder approval or the
      consent of any Plan participants.

     

    21. Notices.
      All
      notices or other communications by a participant to the Company under or in
      connection with the Plan shall be deemed to have been duly given when received
      in the form and manner specified by the Company at the location, or by the
      person, designated by the Company for the receipt thereof.

     

    22. Conditions
      Upon Issuance of Shares.
      Shares
      shall not be issued with respect to an option unless the exercise of such option
      and the issuance and delivery of such shares pursuant thereto shall comply
      with
      all applicable provisions of law, domestic or foreign, including, without
      limitation, the Securities Act of 1933, as amended, the Securities Exchange
      Act
      of 1934, as amended, the rules and regulations promulgated thereunder, and
      the
      requirements of any stock exchange upon which the shares may then be listed,
      and
      shall be further subject to the approval of counsel for the Company with respect
      to such compliance.

     

    As
      a
      condition to the exercise of an option, the Company may require the person
      exercising such option to represent and warrant at the time of any such exercise
      that the shares are being purchased only for investment and without any present
      intention to sell or distribute such shares if, in the opinion of counsel for
      the Company, such a representation is required by any of the aforementioned
      applicable provisions of law.

     

    23. Term
      of Plan.
      The
      Plan shall become effective upon the earlier to occur of its adoption by the
      Board of Directors or its approval by the shareholders of the Company. It shall
      continue in effect until terminated under Section 20 hereof.

     

    24. Automatic
      Transfer to Low Price Offering Period.
      To the
      extent permitted by any applicable laws, regulations, or stock exchange rules
      if
      the Fair Market Value of the Common Stock on any Exercise Date in an Offering
      Period is lower than the Fair Market Value of the Common Stock on the Entry
      Date
      of such Offering Period, then all participants in such Offering Period shall
      be
      automatically withdrawn from such Offering Period immediately after the exercise
      of their option on such Exercise Date and automatically re-enrolled in the
      immediately following Offering Period.

    
      
         

      

    

    
      
        
        

      

      
        10

        
          

        

      

      
        EXHIBIT
          A

        MICROCHIP
          TECHNOLOGY INCORPORATED

        Employee
          Stock Purchase Plan

        Enrollment
          Form

        

        Please
          print and complete all information below:

        

        
          	
                  Full
                    Name:

                	 	
                      Badge
                    #:

                	 
	 	
                  Last             First                 M

                	 	 

        

        

        
          	
                  Home
                    Address: 

                	 
	 
	 

        

        

        
          	
                  Social
                    Security Number: 

                	 	
                      Date
                    of
                    Hire:

                	 

        

        

        
          
            

          

        

        SECTION
          I - ELECTION

        Choose
          One:

         

        r
I
          hereby decline
          to
          participate in the Employee Stock Purchase Plan for this semi-annual
          participation period.

        r
I
          hereby authorize
          Microchip Technology Inc. to deduct the following amount from my salary
          each pay
          period (gross salary).

         

        CIRCLE
          ONE:     1%     2%     3%     4%     5%     6%     7%     8%     9%     10%

         

        I
          understand that my participation will automatically remain in effect from
          one
          offering period to the next offering period in accordance with my payroll
          deduction authorization, unless I withdraw from the ESPP, change the rate
          of my
          payroll deduction or my employment status changes.

        

        I
          understand that my shares will be placed in a brokerage account in street
          name.

        

        
          

        

        SECTION
          II - BENEFICIARY (for
          payroll deducted, cash balance of contributions prior to a
          purchase)

        I
          understand that if I am married, my spouse shall automatically be my designated
          beneficiary unless I elect otherwise and my spouse consents to such election.
          When more than one beneficiary is designated, if the percentage is not
          specified, payment will be made in equal dollars to each surviving beneficiary,
          or all to the last surviving beneficiary. 

        

        Primary
          Beneficiary

        I
          hereby
          designate the following person(s) as primary beneficiary of my payroll
          deduction
          account under the Plan payable by reason of my death.

        

        
          	
                  Name

                	 	
                  Relationship
                    of Beneficiary

                	
                  Percentage

                
	 	 	 	 
	 	 	 	 
	 	 	 	 
	 	 	 	 
	 	 	 	 
	 	 	 	 

        

         

        Contingent
          Beneficiary 

        In
          the
          event that there is no living primary beneficiary at my death, I hereby
          designate the following person(s) as contingent beneficiary of my payroll
          deduction account.

         

        
          	
                  Name

                	 	
                  Relationship
                    of Beneficiary

                	
                  Percentage

                
	 	 	 	 
	 	 	 	 
	 	 	 	 
	 	 	 	 
	 	 	 	 
	 	 	 	 

        

        

        
          

        

        
          	 
	
                  Subscription
                    Date:

                	
                   

                	 
	 	 
	
                  ______________________________________

                	
                  ____________________________________

                
	
                  Signature
                    of Employee

                	
                  Date

                

        

         

        
          

        

         

        
          
          

          
            

          

        

        
          
          

        

        ***Two-Sided
          Document****

        SECTION
          III- CONSENT OF SPOUSE

        Note:
          If
          your spouse is not your Designated Primary Beneficiary, then this Designation
          of
          Beneficiary is invalid without the consent of your spouse unless your spouse
          waived the right to consent to any change in the beneficiary designation
          under a
          prior beneficiary designation.

        

        I
          acknowledge that I am the spouse of the Participant named on the reverse
          side of
          this form. I hereby certify that I have read this Designation of Beneficiary
          Form and understand that I possess a beneficial interest in my spouse’s payroll
          deduction account under the Plan if I survive him/her. I hereby acknowledge
          and
          consent to the Designation of Beneficiary on the reverse side of this form.
          My
          consent shall be irrevocable unless my spouse subsequently changes the
          Designation of Beneficiary. 

        

        If
          my
          spouse changes the designation, (Choose A or B):

         

        	r 	
                (A)
                  I understand I must sign a new consent to the new designation for
                  it to be
                  effective.

              

        	r 	
                (B)
                  I waive my right to consent to any future change in designation.
                  I
                  understand I have the right to restrict my consent only to the
                  beneficiary
                  designated on the reverse side of this form by checking box
                  (A.)

              

        

        I
          have
          executed this consent this ________  day
          of 
          ______________________, 20__.

         

        
          	
                   

                  ______________________________________

                	
                   

                  _____________________________________

                
	
                  Signature
                    of Participant’s Spouse

                	
                  Date

                

        

        

         

        
          

        

         

        
          
          

          
            

          

        

        EXHIBIT
          A

      

    

    MICROCHIP
      TECHNOLOGY INCORPORATED

    STOCK
      PURCHASE AGREEMENT

    

    I
      hereby
      elect to participate in the Employee Stock Purchase Plan (the “ESPP”) until such
      time as I elect to withdraw from the ESPP either by written notification to
      the
      Stock Administrator or until termination of the Plan by the Company, and I
      hereby subscribe to purchase shares of common stock of Microchip Technology
      Incorporated (“Common Stock”) in accordance with the provisions of this
      Agreement and the ESPP. I hereby authorize payroll deductions from each of
      my
      paychecks during the time in which I participate in the ESPP in the 1% multiple
      of my earnings (not to exceed a maximum of 10%) specified in my attached
      Enrollment Form.

    

    I
      understand that my participation will automatically remain in effect from one
      offering period to the next offering period in accordance with my payroll
      deduction authorization, unless I withdraw from the ESPP, change the rate of
      my
      payroll deduction or my employment status changes.

    

    I
      understand that my payroll deductions will be accumulated for the purchase
      of
      shares of Common Stock on the last business day of each Purchase Period. The
      purchase price per share will be 85% of the lower
      of (i)
      the fair market value per share of Common Stock on my entry date into an
      Offering Period or (ii) the fair market value per share on the applicable
      Exercise Date.

    

    I
      understand that I can withdraw from the ESPP at any time prior to the last
      5
      business days of a Purchase Period and elect either to have the Company refund
      all my payroll deductions for that period or to have such payroll deductions
      applied to the purchase of Common Stock at the end of such period. However,
      I
      may not rejoin the Plan until the next two-year offering period. Upon my
      termination of employment or change to ineligible employee status, my
      participation in the ESPP will immediately cease and all my payroll deductions
      for the semi-annual period in
      which
      such termination or change occurs will be refunded. Should I die or become
      disabled while an ESPP participant, payroll deductions will automatically cease
      on my behalf, and I or my estate may, at any time prior to the last 5 business
      days of the semi-annual period in which I die or become disabled, elect to
      have
      my payroll deductions for that period applied to the purchase of Common Stock
      at
      the end of that period; otherwise, those deductions will be refunded. I further
      understand that I may reduce my rate of my payroll deductions on one occasion
      per Purchase Period but that I may only increase my rate of payroll deductions
      at the beginning of the next two-year offering period.

    

    I
      understand that my shares will be placed in a brokerage account in street name.
      

    

    I
      understand that the Company has the right, exercisable in its sole discretion,
      to amend or terminate the ESPP at any time pursuant to the terms of Section
      20
      of the Plan.

    

    I
      understand that the ESPP sets forth restrictions (i) limiting the maximum number
      of shares which I may purchase per Purchase Period and (ii) prohibiting me
      from
      purchasing more than $25,000 worth of Common Stock per calendar
      year.

    

    I
      acknowledge that I have received a copy of the official Plan Prospectus
      summarizing the operation of the ESPP. I have read this Agreement and the
      Prospectus and hereby agree to be bound by the terms of both this Agreement
      and
      the ESPP. The effectiveness of this Agreement is dependent upon my eligibility
      to participate in the ESPP.

    

    

      
        	 	 	 
	
                Print
                  Name

              	 	
                Signature

              
	 	 	 
	
                Start
                  Date of My Participation:                                  

              	 	
                Today’s
                  Date:                       

              

  

    

    
       

      
        
        

        
          

        

      

      EXHIBIT
        B

    

    MICROCHIP
      TECHNOLOGY INCORPORATED

    Employee
      Stock Purchase Plan (ESPP)

    Change
      Form

    

    Please
      print and complete all information below:

    

    
      	
              Full
                Name:

            	 	
                  Badge
                #:

            	 
	 	
              Last             First                 M

            	 	 

    

     

    
      	
              Home
                Address: 

            	 
	 
	 

    

    

    
      	
              Social
                Security Number: 

            	 	
                  Date
                of
                Hire:

            	 

    

    

    
      

    

    SECTION
      I - CHANGE PAYROLL DEDUCTION PERCENTAGE

    

     I
      hereby
      authorize Microchip Technology Incorporated to change
      my
      current deduction percentage to the following:

    

    CIRCLE
      ONE:     1%     2%     3%     4%     5%     6%     7%     8%     9%     10%

    

    I
      understand that my participation will automatically remain in effect from one
      offering period to the next offering period in accordance with my payroll
      deduction authorization, unless I withdraw from the ESPP, change the rate of
      my
      payroll deduction or my employment status changes.

    

    I
      understand that my shares will be placed in a brokerage account in street
      name.

     

    
      

    

    SECTION
      II - CHANGE BENEFICIARY (for
      payroll deducted, cash balance of contributions prior to a
      purchase)

    I
      understand that if I am married, my spouse shall automatically be my designated
      beneficiary unless I elect otherwise and my spouse consents to such election.
      When more than one beneficiary is designated, if the percentage is not
      specified, payment will be made in equal dollars to each surviving beneficiary,
      or all to the last surviving beneficiary. 

    

    Primary
      Beneficiary

    I
      hereby
      designate the following person(s) as primary beneficiary of my payroll deduction
      account under the Plan payable by reason of my death.

    

    
      	
              Name

            	 	
              Relationship
                of Beneficiary

            	
              Percentage

            
	 	 	 	 
	 	 	 	 
	 	 	 	 
	 	 	 	 
	 	 	 	 
	 	 	 	 

    

    

    Contingent
      Beneficiary 

    In
      the
      event that there is no living primary beneficiary at my death, I hereby
      designate the following person(s) as contingent beneficiary of my payroll
      deduction account.

    

    
      	
              Name

            	 	
              Relationship
                of Beneficiary

            	
              Percentage

            
	 	 	 	 
	 	 	 	 
	 	 	 	 
	 	 	 	 
	 	 	 	 
	 	 	 	 

    

     

    
      

    

     

    
      
      

      
        

      

    

    SECTION
      III - WITHDRAWAL FROM THE EMPLOYEE STOCK PURCHASE PLAN

    

    Stop
      my contributions (select one):

    

    r purchase
      Microchip Technology Inc. shares on the next purchase date.*

    r refund
      my
      Employee Stock Purchase Plan payroll deductions collected.*

    

    *Note:
      When withdrawing from the ESPP, per the Plan you will not be eligible to
      re-enroll in the ESPP until the beginning of the next two-year offering period.
      See Stock Plan Administrator to confirm that date.

    
 

    
      	 	 	 
	
              Signature
                of Employee

            	 	
              Date

            

    

    

    
      

    

    SECTION
      V - CONSENT OF SPOUSE

    Note:
      If
      your spouse is not your Designated Primary Beneficiary, then this Designation
      of
      Beneficiary is invalid without the consent of your spouse unless your spouse
      waived the right to consent to any change in the beneficiary designation under
      a
      prior beneficiary designation.

    

    I
      acknowledge that I am the spouse of the Participant named on the reverse side
      of
      this form. I hereby certify that I have read this Designation of Beneficiary
      Form and understand that I possess a beneficial interest in my spouse’s payroll
      deduction account under the Plan if I survive him/her. I hereby acknowledge
      and
      consent to the Designation of Beneficiary on the reverse side of this form.
      My
      consent shall be irrevocable unless my spouse subsequently changes the
      Designation of Beneficiary. 

    

    If
      my
      spouse changes the designation, (Choose A or B):

     

    r(A)
      I understand I must sign a new
      consent to the new designation for it to be effective.

    r (B)
      I waive my right to consent to any
      future change in designation. I understand I have the right to restrict my
      consent only to the beneficiary designated on the reverse side of this form
      by
      checking box (A.)

    

      I
        have
        executed this consent this ________ day of ___________________________,
        20___.

    

    

     

    
      	 	 
	
              Signature
                of Participant’s Spouseexv10w22xay

 

EXHIBIT 10.22(a)

SEPARATION AND RELEASE AGREEMENT

     THIS SEPARATION AND RELEASE AGREEMENT (“Agreement”) is made between Pawan Gupta
(“Employee”) and BSQUARE CORPORATION (“Employer”), and is in consideration of their mutual
undertakings as set forth in this Agreement.

     Employer
no longer has a need for Employee’s services effective November 1, 2006 (“Termination
Date”). In order to assist Employee in his transition to new employment and to mitigate
financial hardship, Employer is offering Employee financial and other assistance to which Employee
may not otherwise be entitled. The purpose of this Agreement is to clearly set forth the terms and
conditions of Employee’s departure. Therefore, the parties agree as follows:

     1. Nonadmission of Liability: This Agreement shall not be construed as an admission
by Employer that it acted wrongfully with respect to Employee. Additionally, this Agreement shall
not be construed as an admission by Employee of any misconduct.

     2. Severance Pay and Benefit: Employee will continue on Employer’s payroll through
the March 1, 2007. During this severance period, Employee will be paid his regular salary,
including payment for all company holidays, through that date, but exclusive of any bonuses, if
applicable. Employee will receive his last severance payment on the first regular payroll
following March 1, 2007. Employee’s other benefits, including PTO etc. will cease on the
Termination Date. Employee will be paid the entire balance of his accrued PTO, on the next payroll
following the Termination Date.

     3. Benefits Continuation: BSQUARE will continue to pay for the Employer’s portion of
Employee’s medical/dental/vision coverage for the month of December. Effective January 1, 2007,
Employee and/or his covered spouse and dependents may elect a temporary extension of medical,
dental and vision plan coverage at group rates (called “COBRA continuation coverage”). Employee
and/or his covered spouse must pay all applicable premiums for that COBRA continuation coverage.
Employer will provide Employee and his covered spouse with a separate notice summarizing their
COBRA continuation coverage rights and obligations, as well as an election form.

     4. No Other Compensation: Employee acknowledges that he has been paid all other
compensation or benefits which he might have been owed by Employer, and that Employer is not
obligated in any event to pay or provide Employee with any further compensation or benefits of any
nature.

     5. Unemployment Compensation: If Employee files for unemployment compensation
benefits, Employer will not contest Employee’s eligibility for unemployment compensation.

     6. Confidentiality: Employee agrees not to disclose the terms of this Agreement to
anyone or to acknowledge its existence to anyone. Employee may disclose the terms of this
Agreement only to his immediate family, his attorney (if any), and his accountant or other similar
advisor, and Employee shall direct each such person to maintain the confidentiality of the
Agreement.

          6.1 In recognition of the significant value that BSQUARE places on its Confidential
Information, BSQUARE had Employee sign a Proprietary Rights Agreement (“PRA”) when Employee began
employment with BSQUARE dated January 4, 2005, as subsequently amended on August 29, 2005. In that
Agreement, Employee made some important promises which remain in effect even after Employee’s
departure from BSQUARE:

	 	•	 	Employee agreed to preserve the confidentiality of BSQUARE’s “Confidential
Information” and to use it only for BSQUARE’s benefit. Confidential
Information includes information related to any aspect of BSQUARE’s business
(business, technical or otherwise) that is either proprietary (meaning that
BSQUARE developed it and owns it) or that is not known by actual or potential
competitors. (See Paragraph 1 and sub-parts of the PRA, “Confidentiality
Obligations”).
	 
	 	•	 	Employee agreed not to disclose BSQUARE’s Confidential Information, without
permission, and to protect it even from “inadvertent disclosure.” (See
Paragraph 1.1 of the PRA, “Safeguard of Confidential Information”).

 

 

	 	•	 	Employee agreed that, during Employee’s employment and for a period of four
months from the separation of Employee’s employment, Employee would not
directly or indirectly attempt to induce customers or employees of BSQUARE to
cease their relationship with BSQUARE. (See Paragraph 5.1 of the PRA,
“Nonsolicitation”).
	 
	 	•	 	Employee agreed that, during Employee’s employment and for a period of four
months from the separation of Employee’s employment, Employee would not
directly or indirectly, be employed by, own, manage, operate, join, benefit
from or be connected to a business activity that is competitive with BSQUARE’s
business or that could reasonably be anticipated to be so by Employee. (See
Paragraph 5.2 of the PRA, “Noncompetition”).

          6.2 If it comes to BSQUARE’s attention that Employee has disclosed Confidential Information,
violated Employee’s non-solicitation or non-competition obligations, etc., there are legal claims
that BSQUARE could assert against Employee. The scope of relief could include a temporary
restraining order/permanent injunction preventing Employee from disclosing information, money
damages, and reimbursement for our attorneys’ fees and costs. Those claims include:

	 	•	 	Breach of the Proprietary Rights Agreement.
	 
	 	•	 	Tortious interference with a business expectancy.
	 
	 	•	 	Violation of the Uniform Trade Secrets Act.

     BSQUARE fully reserves its rights under the contractual arrangements between Employee and
BSQUARE as well as any and all common law protections that may be available to BSQUARE.

     7. Release of Claims: In exchange for the consideration and other benefits contained
in this Agreement, which Employee is not otherwise entitled to receive, Employee and his successors
and assigns forever release and discharge Employer, any of Employer’s parent, subsidiary or related
companies, any Employer-sponsored employee benefit plans in which Employee participates, and all of
their respective officers, directors, trustees, shareholders, agents, employees, employees’
spouses, and all of their successors and assigns (collectively “Releasees”) from any and all
claims, actions, causes of action, rights, or damages related in any way to Employee’s employment
by Employer, including costs and attorneys’ fees (collectively “Claims”) whether known, unknown, or
later discovered, arising from any acts or omissions that occurred prior to the date Employee signs
this Agreement.

     This release includes but is not limited to: (i) any Claims under any local, state, or
federal laws regulating employment, including without limitation, the Age Discrimination in
Employment Act, the Civil Rights Acts, the Americans with Disabilities Act, and the Washington Law
Against Discrimination (RCW 49.60 et seq.); (ii) Claims under the Employee Retirement Income
Security Act; (iii) Claims under any local, state, or federal wage and hour laws; (iv) Claims
alleging any legal restriction on Employer’s right to terminate its employees; (v) Claims under
express or implied contracts; or (vi) Claims alleging personal injury, including without limitation
defamation, tortious interference with business expectancy, black listing, or infliction of
emotional distress.

     8. No Claims: Employee represents that he has not filed any Claim with any court or
agency against Employer or Releasees concerning Claims released in this Agreement; provided,
however, that this will not limit Employee from filing an action to enforce the terms of this
Agreement. Employee further represents that he has not transferred or assigned, or purported to
assign, to any person or entity any claim, or any portion thereof or interest therein, related in
any way to Employer, its officers, employees, or agents Employee waives any right he may have to
recover any damages or any other relief in any claim or suit brought by the Equal Employment
Opportunity Commission or anyone else.

     9. No Representations: Employee warrants that, except as expressly set forth herein,
no representations of any kind or character have been made to him by Employer or by any of their
agents, representatives, or attorneys to induce the execution of this Agreement.

     10. Voluntary Agreement: Employee understands and acknowledges the significance and
consequences of this Agreement, that it is voluntary, that it has not been given as a result of any
coercion or duress, and expressly confirms that it is to be given full force and effect according
to all of its terms, including

 

 

those relating to unknown Claims. Employee acknowledges that
Employer advised him to consult with legal counsel regarding any and all aspects of this
Agreement, and that he has availed himself of that opportunity to the extent desired. Employee
acknowledges that he has carefully read and fully understands all of the provisions of this
Agreement and has signed this Agreement only after full reflection and analysis.

     11. Stock Options: Employee’s stock options shall continue to vest until such time as
the last amounts are paid to Employee under this Agreement which the parties anticipate will be on
the next payroll following the Termination Date. Employee will have ninety dates from the date the
last amounts are paid in which to exercise any vested options. Any non-vested options will
terminate as of the date the last amounts are paid.

     12. Return of Property: Employee acknowledges that he has returned to Employer all
company-owned property, including his laptop, in his possession or will do so prior to the delivery
of a signed copy of this Agreement, specifically including all keys and keycard badges, all
company-owned equipment (with the exception of Employee’s cell phone which Employee may retain),
and all company documents, and computer-stored or transmitted information, specifically including
all trade secrets, and/or confidential company information. Employer will terminate Employee’s
company-paid cell phone service effective on the Termination Date.

     13. Consideration Period: Employee acknowledges that he has been given 21 calendar
days in which to consider this Agreement and was given the option to sign the Agreement in fewer
than 21 calendar days if he desired.

     14. Miscellaneous: If any of the provisions of this Agreement are held to be invalid
or unenforceable, the remaining provisions will nevertheless continue to be valid and enforceable.

          14.1 This Agreement sets forth the entire understanding between the parties in connection with
its subject matter and supersedes all prior written or oral agreements or understandings concerning
the subject matter of this Agreement. This Agreement shall not supercede or limit the PRA (as
amended), previously executed by Employee, the terms of which shall remain in full force and
effect. Employee acknowledges that in signing this Agreement, he has not relied upon any
representation or statement not set forth in this Agreement made by Employer or any of its
representatives.

          14.2 This Agreement is made and shall be construed and performed under the laws of the State
of Washington. Language of this Agreement shall in all cases be construed as a whole, according to
its fair meaning, and not strictly for or against either party.

PLEASE READ CAREFULLY. THIS AGREEMENT INCLUDES A RELEASE OF ALL KNOWN AND UNKNOWN CLAIMS.

	 	 	 	 	 	 	 	 	 	 	 
	BSQUARE Corporation	 	 	 	Employee	 	 
	 
	 	 	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	Brian T. Crowley	 	 	 	Pawan Gupta	 	 
	Its CEO	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 
	Dated:

	 	 	 	 	 	Dated:

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