Document:

Exhibit 10(a)

EXHIBIT 10(a)

CORE MOLDING TECHNOLOGIES, INC.
2006 LONG-TERM EQUITY INCENTIVE PLAN
as amended May 14, 2015

ARTICLE ONE

ESTABLISHMENT, OBJECTIVES AND DURATION

1.1  ESTABLISHMENT OF THE PLAN.  Core Molding Technologies, Inc., a Delaware corporation (the "Company"), hereby adopts, effective March 30, 2006, the Core Molding Technologies, Inc. 2006 Long-Term Equity Incentive Plan as set forth in this document. The Plan permits the grant of Nonqualified Stock Options, Incentive Stock Options, Stock Appreciation Rights, Restricted Stock, Performance Shares and Performance Units, and Other Incentive Awards.

1.2  OBJECTIVES OF THE PLAN.  The objectives of the Plan are to optimize the profitability and growth of the Company through incentives which are consistent with the Company's goals and which link and align the personal interests of Participants with an incentive for excellence in individual performance; and to promote teamwork.

The Plan is further intended to provide flexibility to the Company in its ability to motivate, attract and retain the services of Participants who make significant contributions to the Company's success and to allow Participants to share in the success of the Company.

1.3  DURATION OF THE PLAN.  The Plan shall commence on the Effective Date, as described in Section 1.1 hereof, and shall remain in effect, subject to the right of the Board of Directors to amend or terminate the Plan at any time pursuant to Article 16 hereof, until all Shares subject to it shall have been purchased or acquired according to the Plan's provisions. However, in no event may an Award be granted under the Plan on or after December 31, 2025.

ARTICLE TWO

DEFINITIONS

Whenever used in the Plan, the following terms shall have the meanings set forth below, and when the meaning is intended, the initial letter of the word shall be capitalized:

"Award" means, individually or collectively, a grant under this Plan of Nonqualified Stock Options, Incentive Stock Options, Stock Appreciation Rights, Restricted Stock, Performance Shares or Performance Units, or Other Incentive Awards.

"Award Agreement" means an agreement entered into by the Company and each Participant setting forth the terms and provisions applicable to Awards granted under this Plan.

"Beneficial Owner" or "Beneficial Ownership" shall have the meaning ascribed to such term in Rule 13d-3 of the General Rules and Regulations under the Exchange Act.

"Board" or "Board of Directors" means the Board of Directors of the Company.

"Change in Control" of the Company means any one or more of the following:

(a) The Company is merged, consolidated or reorganized into or with another corporation, partnership, limited liability company, trust, or other legal person (collectively referred herein as a "Business Entity"), and immediately after such merger, consolidation, or reorganization less than fifty percent (50%) of the combined voting power of the then-outstanding securities of such Business Entity immediately after such transaction are held in the aggregate by the holders of voting stock of the Company immediately prior to such transaction;

(b) The Company sells all or substantially all of its assets to any other Business Entity, and less than fifty percent (50%) of the combined voting power of the then-outstanding securities of such Business Entity immediately after such sale are held in the aggregate by the holders of voting stock of the Company immediately prior to such sale; or

(c) There is a report filed on Schedule 13D or Schedule 14D-1 (or any successor schedule, form or report), each as promulgated pursuant to the Securities Exchange Act of 1934 ("Exchange Act"), disclosing that any person (as the term "person" is used in Section 13(d)(3) or Section 14(d)(2) of the Exchange Act) or group of persons acting in concert has become the beneficial owner (as the term "beneficial owner" is defined under Rule 13d-3 or any successor rule or regulation promulgated under the Exchange Act) of securities representing fifty percent (50%) or more of the voting stock of the Company.

(d) The Company files a report or proxy statement with the Securities and Exchange Commission pursuant to the Exchange Act disclosing in response to Form 8-K or Schedule 14A (or any successor schedule, form or report or item therein) that a change in control of the Company has or may have occurred or will or may occur in the future pursuant to any then-existing
contract or transaction; or

(e) If during any period of two consecutive years, individuals who at the beginning of any such period constitute the Directors of the Company cease for any reason to constitute at least a majority thereof, provided, however, that for purposes of this paragraph (e) each Director who is first elected, or first nominated for election by the Company's stockholders, by a vote of at least two-thirds of the Directors of the Company (or a committee thereof) then still in office who were Directors of the Company at the beginning of any such period will be deemed to have been a Director of the Company at the beginning of such period.

"Code" means the Internal Revenue Code of 1986, as amended from time to time.

"Committee" means the Compensation Committee of the Board, as specified in Article 3 herein, or such other Committee appointed by the Board to administer the Plan with respect to grants of Awards.

"Common Stock" means the common stock of the Company.

"Company" means Core Molding Technologies, Inc., a Delaware corporation, and the Company's Subsidiaries, as well as any successor to any of such entities as provided in Article 19 herein.

"Director" means any individual who is a member of the Board of Directors of the Company.

"Disability" shall have the meaning ascribed to such term in the Participant's governing long-term disability plan. To the extent that a Participant is not covered under a long-term disability plan, the term "Disability" shall have the meaning ascribed to the term "permanent and total disability" under Section 22(e)(3) of the Code, or any successor provision thereto.

"Effective Date" shall have the meaning ascribed to such term in Section 1.1 hereof.

"Employee" means any employee of the Company. Nonemployee Directors shall not be considered Employees under this Plan unless specifically designated otherwise.

"Exchange Act" means the Securities Exchange Act of 1934, as amended from time to time, or any successor act thereto.

"Fair Market Value" shall be determined on the basis of the average of the high and low sale prices on the principal securities exchange on which the Shares are publicly traded or, if there is no such sale on the relevant date, then on the last previous day on which a sale was reported.

"Freestanding SAR" means an SAR that is granted independently of any Options, as described in Article 7 herein.

"Incentive Stock Option" or "ISO" means an option to purchase Shares granted under Article 6 herein and which is designated as an Incentive Stock Option and which is intended to meet the requirements of Code Section 422.

"Insider" shall mean an individual who is, on the relevant date, an officer, director or ten percent (10%) beneficial owner of any class of the Company's equity securities that it registered pursuant to Section 12 of the Exchange Act, as defined under Section 16 of the Exchange Act.

"Named Executive Officer" means a Participant who, as of the date of vesting and/or payout of an Award, as applicable, is one of the group of "covered employees," as defined in the regulations promulgated under Code Section 162(m), or any successor statute.

"Nonemployee Director" means an individual who is a member of the Board of Directors of the Company but who is not an Employee of the Company or a Subsidiary.

"Nonqualified Stock Option" or "NQSO" means an option to purchase Shares granted under Article 6 herein and which is not intended to meet the requirements of Code Section 422.

"Option" means an Incentive Stock Option or a Nonqualified Stock Option, as described in Article 6 herein.

"Option Price" means the price at which a Share may be purchased by a Participant pursuant to an Option.

"Other Incentive Award" means an award granted pursuant to Article 10 hereof.

"Participant" means an Employee or Nonemployee Director who has outstanding an Award granted under the Plan.

"Performance-Based Exception" means the performance-based exception from the tax deductibility limitations of Code Section 162(m).

"Performance Period" means the time period during which performance goals must be achieved with respect to an Award, as determined by the Committee.

"Performance Share" means an Award granted to a Participant, as described in Article 9 herein.

"Performance Unit" means an Award granted to a Participant, as described in Article 9 herein.

"Period of Restriction" means the period during which the transfer of Shares of Restricted Stock is limited in some way (based on the passage of time, the achievement of performance goals, and/or upon the occurrence of other events as determined by the Committee at its discretion), and the Shares are subject to a substantial risk of forfeiture, as provided in Article 8 herein.

"Person" shall have the meaning ascribed to such term in Section 3(a)(9) of the Exchange Act and used in Sections 13(d) and 14(d) thereof, including a "group" as defined in Section 13(d) thereof.

"Restricted Stock" means an Award granted to a Participant pursuant to Article 8 herein.

"Retirement" means the normal retirement date on which a Participant qualifies for full retirement benefits under the Company's qualified retirement plan, as identified by the Committee. In the event that a Participant is not covered under any qualified retirement plan maintained by the Company, the term 'Retirement' shall mean the date on which such Participant attains age 65.

"Shares" means the shares of common stock of the Company.

"Share Pool" means the number of shares authorized for issuance under paragraph 4.1, as adjusted for awards and payouts under paragraph 4.2 and as adjusted for changes in corporate capitalization under paragraph 4.3.

"Stock Appreciation Right" or "SAR" means an Award, granted alone or in connection with a related Option, designated as an SAR, pursuant to the terms of Article 7 herein.

"Subsidiary" means any corporation, partnership, joint venture, affiliate or other entity in which the Company has a majority voting interest, and which the Committee designates as a participating entity in the Plan.

"Tandem SAR" means an SAR that is granted in connection with a related Option pursuant to Article 7 herein, the exercise of which shall require forfeiture of the right to purchase a Share under the related Option (and when a Share is purchased under the Option, the Tandem SAR shall similarly be canceled).

ARTICLE THREE

ADMINISTRATION

3.1  THE COMMITTEE.  The Plan shall be administered by the Compensation Committee of the Board or by any other Committee appointed by the Board. The members of the Committee shall be appointed from time to time by, and shall serve at the discretion of, the Board of Directors. Notwithstanding any provision contained herein, to the extent that any Award is designed to comply with the Performance-Based Exception, the Committee shall satisfy the requirements contained in Section 1.162-27(c)(4) of the final regulations promulgated by the Internal Revenue Service under Section 162(m) of the Code. For purposes of granting Awards under the Plan, the Committee shall be composed of not less than the minimum number of persons from time to time required by 

Rule 16b-3 under the Exchange Act, each of whom shall be a "non-employee director" within the meaning of Rule 16b-3 under the Exchange Act, or any successor rule or regulation.

3.2  AUTHORITY OF THE COMMITTEE.  Except as limited by law or by the Certificate of Incorporation or Bylaws. of the Company, and subject to the provisions herein, the Committee shall have full power to select Employees and Nonemployee Directors who shall participate in the Plan; determine the sizes and types of Awards; determine the terms and conditions of Awards in a manner consistent with the Plan; construe and interpret the Plan and any agreement or instrument entered into under the plan; establish, amend or waive rules and regulations for the Plan's administration; and (subject to the provisions of Article 16 herein) amend the terms and conditions of any outstanding Award to the extent such terms and conditions are within the discretion of the Committee as provided in the Plan. Further, the Committee shall make all other determinations which may be necessary or advisable for the administration of the Plan. As permitted by law, the Committee may delegate its authority as
identified herein.

3.3  DECISIONS BINDING.  All determinations and decisions made by the Committee pursuant to the provisions of the Plan and all related orders and resolutions of the Board shall be final, conclusive and binding on all persons, including the Company, its stockholders, Employees, Participants and their estates and beneficiaries.

ARTICLE FOUR

SHARES SUBJECT TO THE PLAN AND MAXIMUM AWARDS

4.1  NUMBER OF SHARES AVAILABLE FOR GRANTS.  Subject to adjustment as provided in Section 4.3 herein, the number of Shares hereby reserved for issuance under the Plan shall be Three Million (3,000,000). The Committee shall determine the appropriate methodology for calculating the number of Shares issued pursuant to the Plan.

Unless and until the Committee determines that an Award to a Named Executive Officer shall not be designed to comply with the Performance-Based Exception, the following rules shall apply to grants of such Awards under the Plan:

(a) The maximum aggregate number of Shares (including Options, SARs, Restricted Stock, Performance Units and Performance Shares paid out in Shares, or Other Incentive Awards paid out in Shares) that may be granted or that may vest, as applicable, in any fiscal year pursuant to any Award held by any Named Executive Officer shall be Two Hundred Thousand (200,000). For this purpose, to the extent that any Option is canceled (as described in Section 1.162-27 (e) (2) (vi) (B) of the final regulations under Section 162(m) of the Code, such canceled Option shall continue to be counted against the maximum number of Shares for which Options may be granted to a Named Executive Officer under the Plan; and

(b) The maximum aggregate cash payout (including Performance Units and Performance Shares paid out in cash, or Other Incentive Awards paid out in cash) with respect to Awards granted in any fiscal year which may be made to any Named Executive Officer shall be One Hundred Twenty-Five Thousand Dollars ($125,000).

4.2  LAPSED AWARDS.  If any Award granted under this Plan is canceled, terminates, expires, or lapses for any reason (with the exception of the termination of a Tandem SAR upon exercise of the related Option, or the termination of a related Option upon exercise of the corresponding Tandem SAR), any Shares subject to such Award again shall be available for the grant of an Award under the Plan.

4.3  ADJUSTMENTS IN AUTHORIZED SHARES.  In the event of any change in corporate capitalization, such as a stock split, or a corporate transaction, such as any merger, consolidation, separation, including a spin-off, or other distribution of stock or property of the Company, any reorganization (whether or not such reorganization comes within the definition of such term in Code Section 368), or any partial or complete liquidation of the Company, such adjustment shall be made in the number and class of Shares available in the Share Pool and in the number and class of and/or price of Shares subject to outstanding Awards granted under the Plan, as may be determined to be appropriate and equitable by the Committee, in its sole discretion, to prevent dilution or enlargement of rights; provided, however, that the number of Shares subject to any Award shall always be a whole number.

ARTICLE FIVE

ELIGIBILITY AND PARTICIPATION

5.1  ELIGIBILITY.  Persons eligible to participate in this Plan include (a) all officers and key employees of the Company, as determined by the Committee, including Employees who are members of the Board and Employees who reside in countries other than the United States of America and (b) all Nonemployee Directors.

5.2  ACTUAL PARTICIPATION.  Subject to the provisions of the Plan, the Committee may, from time to time, select from all eligible Employees and Nonemployee Directors those to whom Awards shall be granted and shall determine the nature and amount of each Award.

ARTICLE SIX

STOCK OPTIONS

6.1  GRANT OF OPTIONS.  Subject to the terms and provisions of the Plan, Options may be granted, either by the Committee or the Board, to one or more Participants in such number, and upon such terms, and at any time and from time to time as shall be determined by the Committee. The Committee or the Board shall have the authority to grant Incentive Stock Options or to grant Nonqualified Stock Options or to grant both types of Options. In the case of Incentive Stock Options, the terms and conditions of such grants shall be subject to, and comply with, such rules as may be prescribed by Section 422 of the Code, as from time to time amended, and any regulations implementing such statute, including, without limitation, the requirements of Code Section 422(d) which limit the aggregate Fair Market Value of Shares (determined at the time that such Option is granted) for which Incentive Stock Options are exercisable for the first time to $100,000 per calendar year, and the requirement that Incentive Stock Options may only be granted to Employees. Each provision of the Plan and of each written Award Agreement relating to an Option designated as an Incentive Stock Option shall be construed so that such Option qualifies as an Incentive Stock Option, and any provision that cannot be so construed shall be disregarded.

6.2  AWARD AGREEMENT.  Each Option grant shall be evidenced by an Award Agreement that shall specify the Option Price, the duration of the Option, the number of Shares to which the Option pertains, and such other provisions as the Committee shall determine. The Award Agreement also shall specify whether the Option is intended to be an ISO or an NQSO.

6.3  OPTION PRICE.  The Option Price for each grant of an Option under this Plan shall be at least equal to one hundred percent (100%) of the Fair Market Value of a Share on the date the Option is granted. Notwithstanding any provision contained herein, in the case of an Incentive Stock Option, the exercise price at the time such Incentive Stock Option is granted to any Employee who, at the time of such grant, owns (within the meaning of Section 424(d) of the Code) more than ten percent of the voting power of all classes of stock of the Company or a Subsidiary, shall not be less than 110% of the per Share Fair Market Value on the date of grant.

6.4  DURATION OF OPTIONS.  Each Option shall expire at such time as the Committee shall determine at the time of grant; provided, however, that in the case of an Incentive Stock Option, an Employee may not exercise such Incentive Stock Option after the date which is ten years (five years in the case of a Participant who owns more than ten percent of the voting power of the Company or a Subsidiary) after the date on which such Incentive Stock Option is granted.

6.5  EXERCISE OF OPTIONS.  Options granted under this Article 6 shall be exercisable at such times and be subject to such restrictions and conditions as the Committee shall in each instance approve, which need not be the same for each grant or for each Participant.

6.6  PAYMENT.  Options granted under this Article 6 shall be exercised by the delivery of a written notice of exercise to the Company, setting forth the number of Shares with respect to which the Option is to be exercised, accompanied by full payment for the Shares.

The Option Price upon exercise of any Option shall be payable to the Company in full either: (a) in cash or its equivalent, or (b) by tendering previously acquired Shares having an aggregate Fair Market Value at the time of exercise equal to the total Option Price (provided that the Shares that are tendered must have been held by the Participant for at least six (6) months prior to their tender to satisfy the Option Price), or (c) by a combination of (a) and (b).

As soon as practicable after receipt of a written notification of exercise and full payment, the Company shall deliver to the Participant, in the Participant's name, Share certificates in an appropriate amount based upon the number of Shares purchased under the Option(s).

6.7  RESTRICTIONS ON SHARE TRANSFERABILITY.  The Committee may impose such restrictions on any Shares acquired pursuant to the exercise of an Option granted under this Article 6 as it may deem advisable, including, without limitation, restrictions under applicable federal securities laws, under the requirements of any stock exchange or market upon which such Shares are then listed and/or traded, and under any blue sky or state securities laws applicable to such Shares.

6.8  TERMINATION OF EMPLOYMENT.  Each Option Award Agreement shall set forth the extent to which the Participant shall have the right to exercise the Option following termination of the Participant's employment with (or service to) the Company and/or its Subsidiaries. Such provisions shall be determined in the sole discretion of the Committee, shall be included in the Award Agreement entered into with each Participant, need not be uniform among all Options issued pursuant to the Plan, and may reflect distinctions based on the reasons for termination of employment or service.

6.9  NONTRANSFERABILITY OF OPTIONS.

(a) INCENTIVE STOCK OPTIONS. No ISO granted under the Plan may be sold, transferred, pledged, assigned, or otherwise alienated or hypothecated, other than by will or by the laws of descent and distribution. Further, all ISOs granted to a Participant under the Plan shall be exercisable during his or her lifetime only by such Participant.

(b) NON-QUALIFIED STOCK OPTIONS. Except as otherwise provided in a Participant's Award Agreement, no NQSO granted under this Article 6 may be sold, transferred, pledged, assigned, or otherwise alienated or hypothecated, other than by will or by the laws of descent and distribution. Further, except as otherwise provided in a Participant's Award Agreement, all NQSOs granted to a Participant under this Article 6 shall be exercisable during his or her lifetime only by such Participant.

ARTICLE SEVEN

STOCK APPRECIATION RIGHTS

7.1  GRANT OF SARs.  Subject to the terms and conditions of the Plan, SARs may be granted to Participants at any time and from time to time as shall be determined by the Committee. The Committee may grant Freestanding SARs, Tandem SARs, or any combination of these forms of SAR.

The Committee shall have complete discretion in determining the number of SARs granted to each Participant (subject to Article 4 herein) and, consistent with the provisions of the Plan, in determining the terms and conditions pertaining to such SARs.

Unless otherwise designated by the Committee at the time of grant, the grant price of a Freestanding SAR shall equal the Fair Market Value of a Share on the date of grant of the SAR. The grant price of Tandem SARs shall equal the Option Price of the related Option.

7.2  EXERCISE OF TANDEM SARs.  Tandem SARs may be exercised for all or part of the Shares subject to the related Option upon the surrender of the right to exercise the equivalent portion of the related Option. A Tandem SAR may be exercised only with respect to the Shares for which its related Option is then exercisable.

Notwithstanding any other provision of this Plan to the contrary, with respect to a Tandem SAR granted in connection with an ISO: (i) the Tandem SAR will expire no later than the expiration of the underlying ISO; (ii) the value of the payout with respect to the Tandem SAR may be for no more than one hundred percent (100%) of the difference between the Option Price of the underlying ISO and the Fair Market Value of the Shares subject to the underlying ISO at the time the Tandem SAR is exercised; and (iii) the Tandem SAR may be exercised only when the Fair Market Value of the Shares subject to the ISO exceeds the Option Price of the ISO.

7.3  EXERCISE OF FREESTANDING SARs.  Freestanding SARs may be exercised upon whatever terms and conditions the Committee, in its sole discretion, imposes upon them.

7.4  SAR AGREEMENT.  Each SAR grant shall be evidenced by an Award Agreement that shall specify the grant price, the term of the SAR, and such other provisions as the Committee shall determine.

7.5  TERM OF SARs.  The term of an SAR granted under the Plan shall be determined by the Committee, in its sole discretion; provided, however, that unless otherwise designated by the Committee, such term shall not exceed ten (10) years.

7.6  PAYMENT OF SAR AMOUNT.  Upon exercise of an SAR, a Participant shall be entitled to receive payment from the Company in an amount determined by multiplying:

(a) The difference between the Fair Market Value of a Share on the date of exercise over the grant price; by

(b) The number of Shares with respect to which the SAR is exercised.

At the discretion of the Committee, the payment upon SAR exercise may be in cash, in Shares of equivalent value, in Restricted Shares of equivalent value, or in some combination thereof.

7.7  TERMINATION OF EMPLOYMENT.  Each SAR Award Agreement shall set forth the extent to which the Participant shall have the right to exercise the SAR following termination of the Participant's employment with (or service to) the Company and/or its Subsidiaries. Such provisions shall be determined in the sole discretion of the Committee, shall be included in the Award Agreement entered into with Participants, need not be uniform among all SARs issued pursuant to the Plan, and may reflect distinctions based on the reasons for termination of employment or service.

7.8  NON-TRANSFERABILITY OF SARs.  Except as otherwise provided in a Participant's Award Agreement, no SAR granted under the Plan may be sold, transferred, pledged, assigned, or otherwise alienated or hypothecated, other than by will or by the laws of descent and distribution. Further, except as otherwise provided in a Participant's Award Agreement, all SARs granted to a Participant under the Plan shall be exercisable during his or her lifetime only by such Participant.

ARTICLE EIGHT

RESTRICTED STOCK

8.1  GRANT OF RESTRICTED STOCK.  Subject to the terms and provisions of the Plan, the Committee, at any time and from time to time, may grant Shares of Restricted Stock to Participants in such amounts as the Committee shall determine.

8.2  RESTRICTED STOCK AGREEMENT.  Each Restricted Stock grant shall be evidenced by an Award Agreement that shall specify the Period(s) of Restriction, the number of Shares of Restricted Stock granted, and such other provisions as the Committee shall determine.

8.3  TRANSFERABILITY.  Except as provided in this Article 8, the Shares of Restricted Stock granted herein may not be sold, transferred, pledged, assigned, or otherwise alienated or hypothecated until the end of the applicable Period of Restriction established by the Committee and specified in the Restricted Stock Award Agreement, or upon earlier satisfaction of any other conditions, as specified by the Committee in its sole discretion and set forth in the Restricted Stock Agreement. All rights with respect to the Restricted Stock granted to a Participant under the Plan shall be available during his or her lifetime only to such Participant.

8.4  OTHER RESTRICTIONS.  Subject to Article 11 herein, the Committee may impose such other conditions and/or restrictions on any Shares of Restricted Stock granted pursuant to the Plan as it may deem advisable including, without limitation, a requirement that Participants pay a stipulated purchase price for each Share of Restricted Stock, a requirement that Participants own a certain amount of Shares before vesting shall occur, restrictions based upon the achievement of specific performance goals (Company-wide, divisional, and/or individual), time-based restrictions on vesting following the attainment of the performance goals, requirement and/or restrictions under applicable federal or state securities laws.

The Company shall retain the certificates representing Shares of Restricted Stock in the Company's possession until such time as all conditions and/or restrictions applicable to such Shares have been satisfied.

Except as otherwise provided in this Article 8, Shares of Restricted Stock covered by each Restricted Stock grant made under the Plan shall become freely transferable by the Participant after the last day of the applicable Period of Restriction.

8.5  VOTING RIGHTS.  Unless otherwise designated by the Committee at the time of grant, Participants holding Shares of Restricted Stock granted hereunder may exercise full voting rights with respect to those Shares during the Period of Restriction.

8.6  DIVIDENDS AND OTHER DISTRIBUTIONS.  Unless otherwise designated by the Committee at the time of grant, Participants holding Shares of Restricted Stock granted hereunder may be credited with regular cash dividends paid with respect to the underlying Shares while they are so held during the Period of Restriction. The Committee may apply any restrictions to the dividends that the Committee deems appropriate. Without limiting the generality of the preceding sentence, if the grant of vesting of Restricted Stock granted to a Named Executive Officer is designed to comply with the requirements of the Performance-Based Exception, the Committee may apply any restrictions it deems appropriate to the payment of dividends declared with respect to such Restricted Stock, such that the dividends and/or the Restricted Stock maintain eligibility for the Performance-Based Exception.

8.7  TERMINATION OF EMPLOYMENT.  Each Restricted Stock Award Agreement shall set forth the extent to which the Participant shall have the right to receive unvested Restricted Shares following termination of the Participant's employment with (or service to) the Company and/or its Subsidiaries. Such provisions shall be determined in the sole discretion of the Committee, 

shall be included in the Award Agreement entered into with each Participant, need not be uniform among all Shares of Restricted Stock issued pursuant to the Plan, and may reflect distinctions based on the reasons for termination of employment or service; provided, however, that, except in the cases of terminations connected with a Change in Control, terminations by reason of death or Disability, and except for Restricted Shares paid to Participants upon SAR exercise, the vesting of Shares of Restricted Stock which qualify for the Performance-Based Exception and which are held by Named Executive Officers shall not occur prior to the time they otherwise would have, but for the employment termination.

ARTICLE NINE

PERFORMANCE UNITS AND PERFORMANCE SHARES

9.1  GRANT OF PERFORMANCE UNITS AND PERFORMANCE SHARES.  Subject to the terms of the Plan, Performance Units and/or Performance Shares may be granted to Participants in such amounts and upon such terms, and at any time and from time to time, as shall be determined by the Committee.

9.2  VALUE OF PERFORMANCE UNITS/SHARES.  Each Performance Unit shall have an initial value that is established by the Committee at the time of grant. Each Performance Share shall have an initial value equal to the Fair Market Value of a Share on the date of grant. The Committee shall set performance goals in its discretion which, depending on the extent to which they are met, will determine the number and/or value of Performance Units/Shares that will be paid out to the Participant. For purposes of this Article 9, the time period during which the performance goals must be met shall be called a "Performance Period."

9.3  EARNING OF PERFORMANCE UNITS/SHARES.  Subject to the terms of this Plan, after the applicable Performance Period has ended, the holder of Performance Units/Shares shall be entitled to receive payout on the number and value of Performance Units/Shares earned by the Participant over the Performance Period, to be determined as a function of the extent to which the corresponding performance goals have been achieved, as established by the Committee.

9.4  FORM AND TIMING OF PAYMENT OF PERFORMANCE UNITS/SHARES.  Subject to the terms of this Plan, the Committee, in its sole discretion, may pay earned Performance Units/Shares in the form of cash or in Shares (or in a combination thereof) which have an aggregate Fair Market Value equal to the value of the earned Performance Units/Shares at the close of the applicable Performance Period. Such Shares may be granted subject to any restrictions deemed appropriate by the Committee.

At the discretion of the Committee, Participants may be entitled to receive any dividends declared with respect to Shares which have been earned in connection with grants of Performance Units and/or Performance Shares which have been earned, but not yet distributed to Participants (such dividends shall be subject to the same accrual, forfeiture, and payout restrictions as apply to dividends earned with respect to Shares of Restricted Stock, as set forth in Section 8.6 herein). In addition, Participants may, at the discretion of the Committee, be entitled to exercise their voting rights with respect to such Shares.

9.5  TERMINATION OF EMPLOYMENT DUE TO DEATH, DISABILITY OR RETIREMENT. Unless otherwise designated by the Committee, and set forth in the Participant's Award Agreement, in the event the employment (or service) of a Participant is terminated due to death, Disability or Retirement during a Performance Period, the Participant shall receive a prorated payout of the Performance Units/Shares. The prorated payout shall be determined by the Committee, shall be based upon the length of time that the Participant held the Performance Units/Shares during the Performance Period and shall further be adjusted based on the achievement of the preestablished performance goals.

Payment of earned Performance Units/Shares shall be made at a time specified by the Committee in its sole discretion and set forth in the Participant's Award Agreement. Notwithstanding the foregoing, with respect to Named Executive Officers who retire during a Performance Period, payments shall be made at the same time as payments are made to Participants who did not terminate employment during the applicable Performance Period.

9.6  TERMINATION OF EMPLOYMENT FOR OTHER REASONS.  In the event that a Participant's employment (or service) terminates for any reason other than those reasons set forth in Section 9.5

herein, all Performance Units/Shares shall be forfeited by the Participant to the Company unless determined otherwise by the Committee, as set forth in the Participant's Award Agreement.

9.7  NONTRANSFERABILITY.  Except as otherwise provided in a Participant's Award Agreement, Performance Units/Shares may not be sold, transferred, pledged, assigned or otherwise alienated or hypothecated, other than by will or by the laws of descent and distribution. Further, except as otherwise provided in a Participant's Award Agreement, a Participant's rights under the Plan shall be exercisable during the Participant's lifetime only by the Participant or the Participant's legal representative.

ARTICLE TEN

OTHER INCENTIVE AWARDS

10.1  GRANT OF OTHER INCENTIVE AWARDS.  Subject to the terms and provisions of the Plan, Other Incentive Awards may be granted to Participants in such amount, upon such terms, and at any time and from time to time as shall be determined by the Committee.

10.2  OTHER INCENTIVE AWARD AGREEMENT.  Each Other Incentive Award grant shall be evidenced by an Award Agreement that shall specify the amount of the Other Incentive Award granted, the terms and conditions applicable to such grant, the applicable Performance Period and performance goals, and such other provisions as the Committee shall determine, subject to the terms and provisions of the Plan.

10.3  NONTRANSFERABILITY.  Except as otherwise provided in a Participant's Award Agreement, Other Incentive Awards may not be sold, transferred, pledged, assigned or otherwise alienated or hypothecated, other than by will or by the laws of descent and distribution.

10.4  FORM AND TIMING OF PAYMENT OF OTHER INCENTIVE AWARDS.  Payment of Other Incentive Awards shall be made at such times and in such form, in cash, in Shares, or in Restricted Shares (or a combination thereof), as established by the Committee subject to the terms of the Plan. Such Shares may be granted subject to any restrictions deemed appropriate by the Committee. Without limiting the generality of the foregoing, annual incentive awards may be paid in the form of Shares and/or Other Incentive Awards (which may or may not be subject to restrictions, at the discretion of the Committee).

ARTICLE ELEVEN

PERFORMANCE MEASURES

Unless and until the Committee proposes for shareholder vote and shareholders approve a change in the general performance measures set forth in this Article 11, the attainment of which may determine the degree of payout and/or vesting with respect to Awards to Named Executive Officers which are designed to qualify for the Performance-Based Exception, the performance measure(s) to be used for purposes of such grants shall be chosen from among the following alternatives, as reported on the Company's annual 10-K report:

(a) Return on Assets ("ROA") which equals net income divided by total assets.

(b) Return on Sales ("ROS") which equals net income divided by net sales.

(c) Return on Equity ("ROE") which equals net income divided by total equity.

(d) Cash Flow Return on Investment ("CFROI") which equals net cash flows divided by owners' equity.

(e) Operating Income.

(f) Earnings Before Income Taxes ("EBIT") which equals net income plus taxes.

(g) Net Earnings which equals net earnings as reported.

(h) Earnings Per Share.

The Committee shall have the discretion to adjust the determinations of the degree of attainment of the preestablished performance goals; provided, however, that Awards which are designed to qualify for the Performance-Based Exception, and which are held by Named Executive Officers, may not be adjusted upward (the Committee shall retain the discretion to adjust such Awards downward).

In the event that applicable tax and/or securities laws change to permit Committee discretion to alter the governing performance measures without obtaining shareholder approval of such changes, the Committee shall have sole discretion to make such changes 

without obtaining shareholder approval. In addition, in the event that the Committee may make such grants for the Performance-Based Exception, the Committee may make such grants without satisfying the requirements of Code Section 162(m) and, thus, which use performance measures other than those specified above. To the extent that the Committee determines that it is advisable to grant Awards in compliance with the Performance-Based Exception, the Committee must certify, in writing, prior to the payment of any compensation under the Award, that the performance goals and any other material terms were in fact satisfied.

ARTICLE TWELVE

BENEFICIARY DESIGNATION

Each Participant under the Plan may, from time to time, name any beneficiary or beneficiaries (who may be named contingently or successively) to whom any benefit under the Plan is to be paid in case of his or her death before he or she receives any or all of such benefit. Each such designation shall revoke all prior designations by the same Participant, shall be in a form prescribed the Company, and will be effective only when filed by the Participant in writing with the Company during the Participant's lifetime. In the absence of any such designation, benefits remaining unpaid at the Participant's death shall be paid to the Participant's estate.

ARTICLE THIRTEEN

DEFERRALS

The Committee may permit a Participant to defer such Participant's receipt of the payment of cash or the delivery of Shares that would otherwise be due to such Participant by virtue of the exercise of an Option or SAR, the lapse or waiver of restrictions with respect to Restricted Stock, or the satisfaction of any requirements or goals with respect to Performance Units/Shares or Other Incentive Awards. If any such deferral election is required or permitted, the Committee shall, in its sole discretion, establish rules and procedures for such payment deferrals. Any such deferral shall be made in a manner consistent with the requirements of Section 409A of the Code.

ARTICLE FOURTEEN

RIGHTS OF EMPLOYEES AND NONEMPLOYEE DIRECTORS

14.1  EMPLOYMENT.  Nothing in the Plan shall interfere with or limit in any way the right of the Company to terminate any Participant's employment at any time, nor confer upon any Participant any right to continue in the employ of the Company.

14.2  PARTICIPATION.  No Employee or Nonemployee Director shall have the right to be selected to receive an Award under this Plan or, having been so selected, to be selected to receive a future Award.

ARTICLE FIFTEEN

CHANGE IN CONTROL

15.1  TREATMENT OF OUTSTANDING AWARDS.  Upon the occurrence of a Change in Control, unless otherwise specifically prohibited under applicable laws, or by the rules and regulations of any governing governmental agencies or national securities exchanges:

(a) Any and all Options and SARs granted hereunder shall become immediately exercisable, and shall remain exercisable throughout their entire term, and any cash or property received upon exercise of any Option or SAR shall be free from further restriction;

(b) Any restriction periods and restrictions imposed on Restricted Shares shall lapse; and

(c) Unless otherwise specified in Participant's Award Agreement at time of grant, the target payout opportunities attainable under all outstanding Awards of Performance Units and Performance Shares and Other Incentive Awards shall be deemed to have been fully earned for the entire Performance period(s) as of the effective date of the Change in Control. The vesting of all such Awards shall be accelerated as of the effective date of the Change in Control and, in full settlement of such Awards, there shall be paid out to Participants (in Shares for Awards normally paid in Shares and in cash for Awards normally paid in cash) within thirty (30) days following the effective date of the Change in Control a pro rata portion of all targeted Award opportunities associated with such outstanding Awards, based on the number of complete and partial calendar months within the Performance Period which had elapsed as of such effective date.

15.2  TERMINATION, AMENDMENT AND MODIFICATIONS OF CHANGE IN CONTROL PROVISIONS.  Notwithstanding any other provision of this Plan or any Award Agreement provision, the provisions of this Article 15 may not be terminated, amended or modified to affect adversely any Award theretofore granted under the Plan without the prior written consent of the Participant with respect to said Participant's outstanding Awards.

ARTICLE SIXTEEN

AMENDMENT, MODIFICATION AND TERMINATION

16.1  AMENDMENT, MODIFICATION AND TERMINATION.  The Board may at any time and from time to time alter, amend, suspend or terminate the Plan in whole or in part.

16.2  AWARDS PREVIOUSLY GRANTED.  No termination, amendment or modification of the Plan shall adversely affect in any material way any Award previously granted under the Plan, without the written consent of the Participant holding such Award.

16.3  COMPLIANCE WITH CODE SECTION 162(m).  At all times when Code Section 162(m) is applicable, all Awards granted under this Plan to Named Executive Officers shall comply with the requirements of Code Section 162(m); provided, however, that in the event the Committee determines that such compliance is not desired with respect to any Award or Awards available for grant under the Plan, then compliance with Code Section 162(m) will not be required. In addition, in the event that changes are made to Code Section 162(m) to permit greater flexibility with respect to any Award or Awards available under the Plan, the Committee may, subject to this Article 16, make any adjustments it deems appropriate.

ARTICLE SEVENTEEN

WITHHOLDING

17.1  TAX WITHHOLDING.  The Company shall have the power and the right to deduct or withhold, or require a Participant to remit to the Company, an amount sufficient to satisfy federal, state, and local taxes, domestic or foreign, required by law or regulation to be withheld with respect to any taxable event arising as a result of this Plan.

17.2  SHARE WITHHOLDING.  With respect to withholding required upon the exercise of Options or SARs, upon the lapse of restrictions on Restricted Stock, or upon any other taxable event arising as a result of Awards granted hereunder, Participants may elect, subject to the approval of the Committee, to satisfy the withholding requirement, in whole or in part, by having the Company withhold Shares having a Fair Market Value on the date the tax is to be determined equal to the minimum statutory total tax which could be imposed on the transaction. All such elections shall be irrevocable, made in writing, signed by the Participant, and shall be subject to any restrictions or limitations that the Committee, in its sole discretion, deems appropriate.

ARTICLE EIGHTEEN

INDEMNIFICATION

Each person who is or shall have been a member of the Committee, or of the Board, shall be indemnified by the Company against and from any loss, cost, liability or expense that may be imposed upon or reasonably incurred by him or her in connection with or resulting from any claim, action, suit or proceeding to which he or she may be a party or in which he or she may be involved by reason of any action taken or failure to act under the Plan. Such person shall be indemnified by the Company for all amounts paid by him or her in settlement thereof, with the Company's approval, or paid by him or her in satisfaction of any judgment in any such action, suit or proceeding against him or her, provided he or she shall give the Company an opportunity, at its own expense, to handle and defend the same before he or she undertakes to handle and defend it on his or her own behalf. The foregoing right of indemnification shall not be exclusive of any other rights of indemnification to which such persons may be entitled under the Company's Articles of Incorporation or Bylaws, as a matter of law, or otherwise, or any power that the Company may have to indemnify them or hold them harmless.

ARTICLE NINETEEN

SUCCESSORS

All obligations of the Company under the Plan with respect to Awards granted hereunder shall be binding on any successor to the Company, whether the existence of such successor is the result of a direct or indirect purchase, merger, consolidation or otherwise, of all or substantially all of the business and/or assets of the Company.

ARTICLE TWENTY

LEGAL CONSTRUCTION

20.1  GENDER AND NUMBER.  Except where otherwise indicated by the context, any masculine term used herein shall also include the feminine, the plural shall include the singular, and the singular shall include the plural.

20.2  SEVERABILITY.  In the event any provision of the Plan shall be held illegal or invalid for any reason, the illegality or invalidity shall not affect the remaining parts of the Plan, and the Plan shall be construed and enforced as if the illegal or invalid provision had not been included.

20.3  REQUIREMENTS OF LAW.  The granting of Awards and the issuance of Shares under the Plan shall be subject to all applicable laws, rules and regulations, and to such approvals by any governmental agencies or national securities exchanges as may be required.

20.4  GOVERNING LAW.  To the extent not preempted by federal law, the Plan, and all agreements hereunder, shall be construed in accordance with and governed by the laws of the State of Delaware, without giving effect to the conflict of laws principles thereof.EX-10.16

 Exhibit 10.16 

[*] = Text Omitted and Filed Separately with the Securities and Exchange Commission. Confidential Treatment Requested under 17 C.F.R. Sections 200.80(b)(4)
and 230.406. 
 PRODUCT SUPPLY AGREEMENT 

This Product Supply Agreement (“Agreement”) is between Seagate Technology LLC (“Seagate”) and the supplier identified below
(“Supplier”). The individuals signing this Agreement represent that they are authorized to sign on behalf of their companies. 
  

									
	 Seagate Technology LLC
	 	 	 	 eASIC Corporation

					
	Signature:	 	 /s/ Bruce A. Sanders
	 		 	Signature:	 	 /s/ Ronnie Vasishta

	Print Name:	 	Bruce A. Sanders	 		 	Print Name:	 	Ronnie Vasishta
	Title:	 	Vice President	 		 	Title:	 	President and CEO
	Date:	 	06/28/2010	 		 	Date:	 	05/24/2010
	Address for Notices to Seagate:	 	 Attn: Corporate Contracts
 Mailstop SV15A2

Seagate Technology LLC
 920 Disc Drive

Scotts Valley, CA 95066
	 		 	Address for Notices to Supplier:	 	 Attn: Ronnie Vasishta
 2585 Augustine
Drive
 Suite 100
 Santa Clara, CA 95054

ronnie@eASIC.com

	Phone No.:	 	(831) 439-7288	 		 	Phone No.:	 	408-855-9200
	Fax No.	 	(831) 438-7132	 		 	Fax No.	 	408-855-9201
					
	Effective Date:	 	 	 	 	 	 	 	 
	Expiration Date:	 		 		 		 	
	Agreement #:	 	80364	 		 		 	

 The parties agree as follows: 
  

	1.	PRODUCT ORDERS 

 1.1 Product and Price List. Exhibit A provides a
list of products (“Products”) that Seagate may purchase from Supplier and the prices that Supplier will charge. Seagate and Supplier may update the price list from time to time by agreement to reflect changes to the Products or prices.

 1.2 Purchase Orders. Seagate will order Product by submitting purchase orders to Supplier. Seagate’s purchase orders will
contain, at a minimum: (a) Product description; (b) quantity; (c) price; (d) Seagate’s ship-to and bill-to addresses; (e) requested delivery date; and (f) an indication whether the Product is subject to sales tax.
Seagate may issue two types of purchase orders, “discrete” purchase orders and “blanket” purchase orders, as described below: 

(a) Discrete Purchase Orders. A discrete purchase orders is an order for a discrete amount of Product to be delivered on
a specified delivery date. Discrete purchase orders are firm commitments by Seagate, but may be cancelled or rescheduled as specified in this Agreement. 

(b) Blanket Purchase Orders. A blanket purchase order is an order for an amount of Product to be determined in the
future and to be delivered over a period of time. Seagate uses blanket purchase orders as an administrative convenience to track orders and to give Supplier a reference number for invoicing. Blanket purchase orders are treated as forecasts only and
are non-binding on Seagate. 

 1.3 Order Acceptance. All orders placed under this Agreement, will be deemed accepted by
Supplier unless Supplier notifies Seagate in writing to the contrary within 24 hours after receiving the order. Supplier will accept (by issuing an order acknowledgement) or reject (which may be via e-mail) a Purchase Order within 24 hours after
receipt. If no acceptance or rejection is given with 24 hours, then Seagate will contact Supplier to confirm receipt of the Purchase Order. 

1.4 This Agreement Controls. If the terms of this Agreement contradict the terms of any purchase order or order acceptance, the terms
of this Agreement will take precedence. No boilerplate terms in either party’s order-tracking documents will apply. 
 1.5 Right to
Incorporate and Resell. Seagate may incorporate the Products into Seagate products and may resell the Products in any market Seagate elects. 
  

	2.	PRICING 

 2.1 Best-In-Class Prices. The Product prices offered by Supplier
shall be not less favorable than prices charged by Supplier for comparable products sold to other customers under the same terms and conditions that apply to the Products sold to Seagate. Limited promotional programs and demos and sample products
are excepted from this provision. 
 2.2 Third Party Purchasers. Seagate’s Contract Manufacturer may purchase Products directly
from Supplier at the same prices as set forth in this Agreement, so long as the Contract Manufacturer purchases the products to incorporate into Seagate products; provided that (i) at Supplier’s option, Seagate and Supplier will make
arrangements to mask the prices being paid by Seagate; (ii) the purchases of Products by Seagate’s Contract Manufacturer will apply against the Committed DELFOR and Long-Term Forecasts hereunder, and (iii) the payment terms between
Supplier and Seagate’s Contract Manufacturer will be negotiated between them. Seagate agrees that Supplier may, if after notice to Seagate and a reasonable time to cure, withhold delivery of product to Contract Manufacturers who are delinquent
in payment or in breach of other terms of the terms so agreed. Seagate’s affiliates that control, are controlled by, or are under common control with Seagate may purchase Products under this Agreement directly from Supplier at the same best in
class prices and terms as described above. Unaffiliated third parties are not beneficiaries under this Agreement and are not entitled to enforce this Agreement against either party. Supplier is responsible for entering into separate agreements with
any unaffiliated third parties. 
 2.3 Cost Reductions. Supplier will work with Seagate to reduce the costs and expenses to make and
deliver the Products to Seagate. If the costs or expenses decrease, Supplier and Seagate will address any price changes. 
 2.4
Audit. Seagate may have a third party audit Supplier’s records to confirm that Supplier is in compliance with Section 2.1. Supplier may mask the identities of other customers to comply with its obligations of confidentiality.
Seagate will give Supplier reasonable notice before any audit, and will bear the cost of the audit. If the audit discloses that Supplier has not complied with this Section 2.1, Supplier will immediately refund Seagate the difference in the
amount it should have charged Seagate; and Supplier will also reimburse Seagate for the cost of the audit. 
  

	3.	SHIPMENT AND DELIVERY 

 3.1 Incoterms. Unless specified otherwise on
Exhibit A, Supplier will ship all Products to Seagate “DDU DESTINATION.” 
 (a) The term DDU means Delivered
Duty Unpaid, as defined in International Chamber of Commerce, Incoterms 2000. Supplier will pay the costs and bear the risk of loss for any warehousing before delivery to the destination. 

(b) The destination will always be the incoming dock at Seagate’s factory, regardless of whether the Products are shipped
through an intermediary cross-dock facility, or stored in a “just in-time” warehouse or vendor managed inventory before delivery to the incoming dock at Seagate’s designated subcontractor. 

3.2 Just-in-Time Warehouse and Supplier Managed Inventory. If requested by Seagate, Supplier will establish a “just-in-time”
inventory delivery system in a Seagate-designated warehouse (“JIT 
  
 [*] =
Text Omitted and Filed Separately with the Securities and Exchange Commission. Confidential Treatment Requested under 17 C.F.R. Sections 200.80(b)(4) and 230.406. 

 
Warehouse”) or a “vendor managed inventory” stocking location system at a Seagate-designated location on Seagate’s premises (“SMI Stocking Location”) where Supplier
will maintain an inventory of its Products. Supplier will be responsible for the costs and risk of loss for its Products at the JIT Warehouse or SMI Stocking Location. Seagate will determine a minimum level of inventory of Products to be maintained
in the JIT Warehouse or SMI Stocking Location. Supplier will replenish the JIT Warehouse or SMI Stocking Location to the minimum inventory levels as Seagate pulls Products from either location. After receiving Seagate’s notice to pull Product,
Supplier will have Products shipped from the JIT Warehouse or SMI Stocking Location to Seagate. 
 3.3 Import and Export Formalities.
If Products will be exported or imported before arriving at Seagate’s final ship-to destination, Supplier will be the exporter of record and will be responsible for performing all export formalities; Seagate will be the importer of record and
will be responsible for performing all import formalities. For imports to the United States, Supplier will provide the customs clearance documentation specified in Exhibit B. 

3.4 On-Time Delivery. Supplier will deliver Products to Seagate on the delivery date specified in Seagate’s order. If Supplier
does not deliver any Product within one day of the scheduled delivery date, then Seagate may require Supplier to ship Product by an expedited mode of transportation at Supplier’s expense. Alternatively, Seagate may purchase substitute product
and charge Supplier any additional cost incurred, including the difference between a higher price charged for the substitute product and the price Seagate would have paid to Supplier for the Product. 

3.5 Packaging and Marking. Supplier will mark the Products for shipment as designated by Seagate. Supplier will package the Products
for shipment in accordance with standard commercial practices acceptable to common carriers at the lowest shipping rate available. Supplier’s shipping containers must display: (a) the date of shipment; (b) Seagate’s order number;
(c) the Product part number; (d) the Product revision level and lot number; and (e) the quantity in the container. 
 3.6
Global Supply Chain Security Program Participation. Supplier will complete Seagate’s Supplier Survey as requested by Seagate. In the event that Supplier begins volume shipments of Product into the United States, upon request of Seagate
Supplier agrees to pursue Customs-Trade Partnership Against Terrorism (“C-TPAT”) compliance. Seagate will notify Supplier of any change in its shipping locations that would impact this paragraph. 

 

	4.	INVOICING AND PAYMENT 

 4.1 Invoices and Payment Terms. Supplier may
invoice Seagate with each delivery, but not more frequently than as designated by Seagate’s local finance department. Payment will be due [*] days from the date Seagate receives the invoice. Seagate’s local finance department may designate
specific days of the month as deadlines for submitting invoices. If Supplier submits its invoice after the local invoice deadline, then the invoice will not be deemed received by Seagate until the next invoice deadline. 

4.2 Right to Offset. Seagate may offset against payments due to Supplier any amounts due to Seagate from Supplier. 

 

	5.	PRODUCT SPECIFICATIONS AND CHANGES 

 5.1 Product Specifications.
Supplier will comply with the Product descriptions and specifications referenced in Exhibit C, and any other agreed upon specifications, standard operating procedures, or processes furnished or adopted by Seagate (collectively the
“Specifications”). 
 5.2 Specification Changes. Supplier may not change the form, fit, or function of any
Product, or its manufacturing process or manufacturing location, without Seagate’s prior written approval. Seagate may change the Specifications at any time. Supplier will use commercially reasonable best efforts to comply with the changes. If
Supplier 
  
 [*] = Text Omitted and Filed Separately with the Securities and
Exchange Commission. Confidential Treatment Requested under 17 C.F.R. Sections 200.80(b)(4) and 230.406. 

 
believes that a change will require an adjustment in Supplier’s costs or time for performance, then Supplier must request the adjustment in writing within three weeks of receiving
Seagate’s change notice. Supplier shall not be required to implement the change until the Parties have agreed on revised terms. 
 5.3
Product Information. Supplier will provide the following information regarding the Products to Seagate upon request: 

(a) a bill of materials that includes all material used in manufacturing or assembly processes; 

(b) a list of component and process sub-suppliers; 

(c) a complete diagram flow chart for all Products with lead-time identified for key process steps; and 

(d) a description of the Product manufacturing process and a list of the equipment used in the manufacturing process. 

5.4 Seagate Property. Supplier will return to Seagate any tools, drawings, or other materials provided by Seagate at the termination of
this Agreement or upon Seagate’s request. 
  

	6.	FORECASTS, CAPACITY PLANNING, AND FLEXIBILITY 

 6.1 Forecasts. Seagate will
provide a thirteen week rolling forecast (“Delfor”) and a long term forecast to Supplier. Other than the quantities in the Delfor within Lead Time and the Upside Flexibility quantities maintained per Exhibit E which are binding,
Seagate’s forecasts are not binding on Seagate. Supplier will secure and allocate capacity in accordance with the Delfor accepted by Supplier. Supplier will treat any Blanket Purchase Order issued by Seagate as a forecast for purposes of
allocating capacity. Lead Time refers to the agreed upon number of weeks required from Order placement to the time Product is made available for shipment. 

6.2 Capacity Planning. Supplier will provide a written notice to Seagate within two working days after receiving Seagate’s
forecasts, confirming it will meet Seagate’s forecasts. Supplier will notify Seagate immediately if it is unable to meet any forecast. Supplier will procure and maintain all necessary equipment, personnel, facilities, and other materials
required to manufacture Products according to the Specifications in volumes sufficient to meet Seagate’s forecasts. At Seagate’s request, Supplier will meet with Seagate to plan Supplier’s capacity. 

6.3 End-of-Life Capacity. Supplier will give Seagate at least 12 months’ before it stops accepting orders for any Product. During
the 12-month notice period, Seagate may continue to place orders for the discontinued Product. Seagate may schedule deliveries of the discontinued Product for up to six months after the last date that Supplier will accept orders. In the event that
eASIC intends to discontinue the manufacture and/or sale of any Product, eASIC will give at least twelve (12) months prior written notice to Seagate. During such period (“Discontinuance Period”) Seagate may place end-of-life orders for
such Product, provided, that the last delivery date shall not be later than six (6) months after the end of the Discontinuance Period. 
  

	7.	PRODUCT WARRANTY 

 7.1 Warranty Period. The warranty period for the
Products will be 5 years from the date of delivery to Seagate unless a different warranty period is specified in Exhibit A. 
 7.2
Warranties Terms. During the warranty period Supplier warrants the following: 
 (a) The Products will fully comply
with the Specifications; 
  
 [*] = Text Omitted and Filed Separately with the
Securities and Exchange Commission. Confidential Treatment Requested under 17 C.F.R. Sections 200.80(b)(4) and 230.406. 

 (b) The Products will fully comply with Seagate’s Product Stewardship
Requirements; 
 (c) The Products will be free from defects in material, workmanship and design; 

7.3 Warranty Remedies. If the Products do not meet the warranties, Seagate may elect one or more of the following remedies: 

(a) Seagate may require Supplier to repair or replace the Products; 

(b) Seagate may return the Products to Supplier at Supplier’s expense for a full refund; 

7.4 Remedies Exclusive. The remedies listed above are exclusive and in lieu of all other remedies available to Seagate in law or
equity. Subject to Section 6.3 of this Agreement, the obligation to provide repaired or replacement Products during the warranty period continues whether or not Supplier has discontinued manufacturing the Products. 

 

	8.	RELIANCE ON SUPPLIER 

 8.1 Advice Regarding Intended Use. Supplier will
assign personnel to work directly with Seagate who are reasonably qualified to advise Seagate in the selection and use of Supplier’s Products. In the event that during the development of a Product, the assigned Supplier personnel for such
Product has knowingly formed the conclusion that there will be material issue in Seagate’s use of such Product, then the Supplier Product Manager will promptly inform the Seagate Product Manager of the same in writing. 

8.2 Return of Product. If a Product does not function properly in the manner in which it is used by Seagate, and if Seagate provided
sufficient information to Supplier regarding Seagate’s intended use for the Product such that Supplier should have known that the Product would not function properly, then Seagate may return the Product to Supplier as non-conforming, even if
the Product meets the Specifications. 
 8.3 Limits on Reliance. Supplier will have no obligation to accept return of non-conforming
Products under this Section 8, if Seagate does not disclose sufficient information about its intended use of Products, or if Supplier warns Seagate in writing of a potential problem with Seagate’s intended use of Products and Seagate
disregards Supplier’s warnings. 
  

	9.	ONGOING QUALITY AND RELIABILITY 

 9.1 Manufacturing Process Inspections.
Supplier will cooperate with Seagate and use its commercially reasonable best efforts to facilitate Seagate’s inspection (at Seagate’s expense) of Supplier’s third party manufacturing locations, warehouses, and other facilities during
normal business hours with reasonable notice to Supplier. Supplier will provide Seagate with its own inspection, quality and reliability data upon request. 
  

	10.	INDEMNIFICATION AND DEFENSE 

 10.1 General Indemnification. Each party will
defend and indemnify the other and that party’s affiliates, directors, employees and contractors (collectively “Indemnitees”) against any claim or action brought by a third party against an Indemnitee arising from (a) an
allegation of the indemnitor’s negligence or willful misconduct; or (b) Supplier’s failure to comply with Seagate’s Product Stewardship Requirements. 

10.2 Infringement Indemnification. Supplier will defend and indemnify each Indemnitee against any claim or action brought by a third
party against an Indemnitee, alleging that a Product infringes a patent, copyright, trademark, trade secret, trade name, trade dress, mask work or other intellectual property right. 

10.3 Seagate’s Obligations. Seagate must promptly notify Supplier of the claim or action and give reasonable assistance and
cooperation to Supplier in the defense of the claim or action. 
 10.4 Payment of Damages and Defense Costs. Supplier will pay all
damages awarded or agreed to in settlement against an Indemnitee. Supplier will pay all reasonable costs incurred by an Indemnitee in defending the claim or action. Supplier will not be obligated to pay damages to an Indemnitee to the extent 

 
 [*] = Text Omitted and Filed Separately with the Securities and Exchange Commission.
Confidential Treatment Requested under 17 C.F.R. Sections 200.80(b)(4) and 230.406. 

 
that the damages were caused by (a) an Indemnitee’s own willful misconduct; (b) an Indemnitee’s use of Supplier’s Products in combination with other products if the sole
cause of the infringement is the other products; or (c) an Indemnitee’s modification to the Products made without Supplier’s knowledge. 
  

	11.	LIMITATION OF LIABILITY 

 11.1 Limitation of Amount of Liability. Except
for liability arising under Exhibit F, neither party will be liable to the other, regardless of the basis of liability or the form of action, as follows: Seagate’s liability is limited to the total price paid by Seagate to Supplier, net of all
discounts and refunds, over the 12-month period before the liability arose. Supplier’s liability shall not exceed for each occurrence, 3 times the amount paid or payable by Seagate to Supplier under the Agreement in respect of the defective
part number in the 12 months preceding the claim giving rise to the liability or in the aggregate the amount paid or payable by Seagate to Supplier over the life of this Agreement. 

11.2 Limitation of Type of Liability. Except for liability arising under Section 10 and Exhibit F, neither party will be liable
for any consequential, incidental, indirect, special, economic, or punitive damages even if the other party has been advised of the possibility of such damages. 
  

	12.	TERM AND TERMINATION 

 12.1 Effective Date and Expiration Date. This
Agreement is effective from the Effective Date through the Expiration date shown on the first page. 
 12.2 Renewal. After the
Expiration Date, this Agreement will automatically renew for successive 1-year terms unless either party notifies the other party that they will not renew the Agreement at the end of the then-current term. 

12.3 Termination for Convenience. Seagate may terminate this Agreement for any reason by providing 60 days prior written notice to
Supplier. 
 12.4 Termination for Cause. Either party may terminate this Agreement immediately if (a) the other party breaches a
material obligation of this Agreement that by its nature is incurable; (b) if the party breaches a material obligation that may be cured and the breach is not cured within 30 days after notice by the non-breaching party; (c) a receiver is
appointed for the other party or its property; (d) the other party makes an assignment for benefit of its creditors; (e) proceedings are commenced by or for the other party under any bankruptcy, insolvency, or debtor’s relief law, or
(f) the other party liquidates or dissolves its business or attempts to do so. 
 12.5 Effect of Termination or Expiration. Upon
termination or expiration of this Agreement, its provisions will continue to apply to all undelivered orders that were accepted by Supplier while the Agreement was in force. Upon termination of this Agreement, Seagate will compensate Supplier as
provided in Exhibit E. 
  

	13.	DISPUTE RESOLUTION 

 13.1 Good-Faith Negotiation. The parties will attempt
to resolve any dispute relating to this Agreement through good-faith informal negotiation. 
 13.2 Mediation. If the parties are
unable to resolve the dispute through good faith informal negotiation, they will participate in mediation before an agreed mediator from Judicial Arbitration and Mediation Services (“JAMS”). Either party may initiate mediation by providing
a written request for mediation to the other party and to JAMS. The request must describe the dispute and the relief requested. The mediation will be scheduled within ten business days after the request. The mediation will take place at 

 
 [*] = Text Omitted and Filed Separately with the Securities and Exchange Commission.
Confidential Treatment Requested under 17 C.F.R. Sections 200.80(b)(4) and 230.406. 

 
a JAMS facility in California. The parties will cooperate with JAMS and with one another in selecting a mediator from a JAMS panel of neutrals, and in scheduling the mediation proceedings. The
parties will participate in the mediation in good faith. The parties will bear their own expenses in mediation, but will share all fees to JAMS equally. 

13.3 Equitable Relief Excluded. Either party may seek equitable relief to enforce the rights granted in Section 10 or to obtain a
temporary restraining order or other provisional remedy to preserve the status quo or prevent irreparable harm. 
 13.4 Survival and
Attorney’s Fees. This Section 13 will survive the Agreement’s termination or expiration. This Section 13 may be enforced by any court of competent jurisdiction, and a party seeking enforcement will be entitled to an award of
all costs, fees and expenses, including attorney’s fees, to be paid by the party against whom enforcement is ordered. 
  

	14.	INSURANCE 

 14.1 Minimum Insurance Requirements. Supplier will maintain
Commercial General Liability insurance of not less than $2,000,000 Combined Single Limit for Bodily Injury and Property Damage. Supplier’s general liability insurance must include coverage for broad form property damage, blanket contractual
liability, advertising and personal injury liability, and products/completed operations. Supplier will also maintain Automobile Liability insurance with a combined single limit for Bodily Injury and Property Damage of not less than $1,000,000 per
occurrence. Supplier may maintain a lesser limit of General Liability or Automobile Liability insurance if the policy, combined with Supplier’s Umbrella or Excess Liability policy, meets the respective minimum coverage limits for General
Liability and Automobile Liability insurance required under this Agreement. 
 14.2 Workers’ Compensation and Employer’s
Liability Insurance. If Supplier has employees or acquires employees during the term of this Agreement, then Supplier must maintain Workers’ Compensation insurance as required by statute; and Employer’s Liability insurance in not less
than the amounts that follow (or as otherwise required by applicable state law). The policy must permit (or be endorsed to permit) Supplier’s waiver of insurer’s subrogation rights against Seagate and Supplier agrees to waive its
subrogation rights. 
  

			
	(a) Bodily injury by accident	  	$500,000 per accident
		
	(b) Policy limit by disease	  	$500,000 policy limit
		
	(c) Bodily injury by disease	  	$500,000 per employee

 14.3 Professional Liability Insurance. Supplier will maintain Professional Liability insurance,
including acts, errors and omissions arising out of the rendering of, or failure to render, professional services related to this Agreement with coverage limits of no less than $3,000,000 per occurrence. 

14.4 Proof of Insurance and General Requirements. Supplier’s required insurance must (a) respond as primary coverage
concerning Supplier’s indemnity and insurance obligations under this Agreement and neither Seagate nor its insurers will be required to pay for any portion of such obligations; and (b) contain a standard cross liability endorsement or
severability of interest clause. Supplier must provide Seagate with proof of insurance satisfactory to Seagate. Supplier will immediately notify Seagate of any material change in its insurance. Supplier’s certificate of insurance must provide
that no cancellation of the insurance will be effective without ten days’ advance written notice to Seagate. In no event will any required insurance coverage or limits reduce Supplier’s obligations to Seagate under this Agreement. 

 
 [*] = Text Omitted and Filed Separately with the Securities and Exchange Commission.
Confidential Treatment Requested under 17 C.F.R. Sections 200.80(b)(4) and 230.406. 

	15.	MISCELLANEOUS 

 15.1 Master Nondisclosure Agreement. The parties have
entered into a Master Nondisclosure Agreement number 75226, and supplements thereto, which will govern disclosures of information between the parties. 

15.2 Relationship of the Parties. Supplier and Seagate are independent contractors. 

15.3 No Intellectual Property Rights Granted. Except as expressly provided, this Agreement does not grant either party any right to the
other party’s patents, copyrights, trademarks, trade secrets, or other forms of intellectual property. 
 15.4 Assignment. Due
to the nature of each party’s duties and Seagate’s reliance on Supplier’s performance in supplying Products, Seagate may assign this Agreement to any third party upon written notice to Supplier, without requiring Supplier’s
consent. Supplier may assign this Agreement only with the prior written consent of Seagate. Provided, however, that the transfer of a controlling ownership interest in Supplier by way of merger, sale of capital stock or sale of all or substantially
all of the assets of the business unit responsible for the production and sale of the Products shall be permitted without the prior consent of Seagate. Supplier will give notice to Seagate of an impending transfer of controlling ownership as soon as
practicable and permissible under applicable law. This Agreement will be binding upon and will inure to the benefit of the parties and their permitted successors and assigns. 

15.5 Compliance with all Laws. Supplier, and all Products supplied by Supplier and work performed by Supplier, must comply with all
applicable laws and regulations in effect, including those governing environment, health and safety, and labor and employment practices. Supplier must require that its sub-suppliers also comply with all applicable laws and regulations in effect.
Upon request, Supplier will certify that it complies with all applicable laws and regulations. Seagate may audit Supplier to confirm Supplier’s compliance with this Section. 

15.6 Export Controls. Each party will comply with all applicable export, re-export and foreign policy controls and restrictions imposed
by the U.S. and the country in which they are located, including the U.S. Export Administration Regulations. Supplier may not export, re-export or allow to be disclosed, any technical data received from Seagate or the product of any technical data
to any person or destination to the extent prohibited by law. 
 15.7 English Language; Governing Law. English is the authoritative
text of this Agreement, and all communications and proceedings must be conducted in English. If this Agreement is translated, then the English language version will control. The laws of the State of California, USA govern this Agreement, without
regard to any conflicts of laws rules. The United Nations Convention on Contracts for International Sale of Goods does not apply to this Agreement. 

15.8 Force Majeure. Neither party will be liable to the other if its performance is delayed by circumstances beyond its reasonable
control. If a force majeure condition prevents Supplier’s performance for more than 60 days, then Seagate may terminate this Agreement or cancel any unfilled orders without liability owed to Supplier. 

15.9 Severability; Survival. The terms of this Agreement are severable. If any term is unenforceable for any reason, then that term
will be enforced to the fullest extent possible, and the Agreement will remaining in effect. All obligations that by their terms or nature survive termination of this Agreement will continue until fully performed. 

 
 [*] = Text Omitted and Filed Separately with the Securities and Exchange Commission.
Confidential Treatment Requested under 17 C.F.R. Sections 200.80(b)(4) and 230.406. 

 15.10 Written Amendments; Electronic Business Transactions. This Agreement may be changed
only by written amendment signed by both parties. The parties may exchange electronic documents in lieu of printed purchase orders, order acknowledgments, or forecasts. Supplier will comply with Seagate’s designated system of exchanging
electronic documents and will bear its own costs to participate in the system. Neither party will contest the validity or enforceability of electronically transmitted purchase orders or order acknowledgments on the grounds that they fail to comply
with the Statute of Frauds or similar laws requiring that contracts be in writing (such as UCC Section 2-201 or any state-law equivalent). Neither party is prohibited from asserting that an electronic document is invalid for any reason that
would also invalidate a written document. 
 15.11 Entire Agreement; No Waiver; Notices. This Agreement and the documents referred to
in it are the entire agreement of the parties with respect to this subject matter, superseding all prior or contemporaneous agreements. No failure or delay in exercising any right will be considered a waiver of that right. All notices and other
communications must be delivered to the addresses designated on the first page of this Agreement. 
  

[*] = Text Omitted and Filed Separately with the Securities and Exchange Commission. Confidential Treatment Requested under 17 C.F.R. Sections 200.80(b)(4)
and 230.406. 

 EXHIBIT A 

PRODUCT AND PRICE LIST 
  

									
	 Pricing Effective:
	 	 From date to date

					
	 Product

Description
	 	 Supplier

Part No.
	 	 Seagate

Part No. 
	 	 Unit
	 	 Price

	Overton	 	50344	 	100584428	 	1	 	

  
 [*] = Text Omitted and Filed Separately with the
Securities and Exchange Commission. Confidential Treatment Requested under 17 C.F.R. Sections 200.80(b)(4) and 230.406. 

 EXHIBIT B 

CUSTOMS CLEARANCE DOCUMENTATION 

15.12 For Product that must be cleared through customs, Supplier must provide customs documentation (sometimes referred to as a “proforma
invoice” or “customs invoice”) for the purpose of facilitating customs clearance. The customs documentation must be in English and must include the following information: 

1. SHIPPING INFORMATION 

15.13 Date of shipment; 
 15.14
Invoice number and shipment number; 
 15.15 Seagate purchase order number; 

15.16 Shipper name and address; 

15.17 Ship to party (name and address including attention party if available) and bill to party (name and address); 

15.18 Customs Broker (name); 

15.19 Shipments from all countries, except China or Hong Kong, using wood pallets must state the solid wood packing materials are totally free
from bark, and apparently free from live plant pests”; 
 15.20 Shipments from China or Hong Kong, not using solid wood packing
materials (“SWPM”) must state “this shipment contains no SWPM.” If SWPM is used, a separate Chinese or Hong Kong government issued certificate of fumigation is required”; 

15.21 Name, contact information and signature of responsible individual - must be a responsible employee of the exporter who has knowledge or
who can readily obtain knowledge of the transaction; 
 15.22 Incoterm and named place; and 

15.23 Shipment gross weight. 

2. PRODUCT INFORMATION 

15.24 Description of Product, grade or quality, as well as marks, numbers, and symbols under which the Product is sold, if applicable - for
product description, use generic terms by which each item is commonly known. 
 15.25 Product quantities, including quantity of Product per
each individual package/box, the number of packages/boxes, the number per pallet, the number of pallets, and the corresponding weights – the information must be sufficiently detailed to enable identification and matching of Product in the
shipment against line items on the shipping invoice; 
 15.26 Seagate part numbers 

15.27 Country of origin (place of manufacture) by part and quantity 

15.28 FCC ID number, if any 

15.29 FDA accession number, if any; if the invoice contains multiple pages, each page must be number, preferably in the following format: X of
Y pages 
 15.30 Product net weight 

15.31 Product classification information including: 

15.32 Harmonized Tariff Schedule number 

15.33 Export Control Classification Number (ECCN) 

3. PRICING INFORMATION 

15.34 Unit purchase price and type of currency (if the merchandise is not purchased, the value or usual price in the country or exportation)

 15.35 All charges upon the Product, itemized by name and amount, including freight, insurance, commission, cases, containers, coverings
and cost of packing 
 15.36 Total purchase price and terms of payment — customs regulations require every shipping invoice accurately
reflect the price to be paid by Seagate. The shipping invoices are used to declare the value of the imported Product for customs entry. Accordingly, 100% accuracy is required. Post-shipment price increases can render declarations inaccurate;
therefore, price increases may not be applied to Product already shipped or in JIT or VMI inventories. 
 15.37 Any goods or services
furnished to Supplier for the production of the Product not included in the invoice price (e.g. assists such as dies, molds, tools, engineering work) - however, goods or services furnished in the destination country are excluded. 

 
 [*] = Text Omitted and Filed Separately with the Securities and Exchange Commission.
Confidential Treatment Requested under 17 C.F.R. Sections 200.80(b)(4) and 230.406. 

 EXHIBIT C 

PRODUCT DESCRIPTION AND SPECIFICATIONS INCORPORATED BY REFERENCE 

 

							
	 Document Title or Description
	  	 Document
Number
	  	 Rev
	  	 Dated

	General Semiconductor Specifications	  	[*]	  	[*]	  	[*]
		  		  		  	
		  		  		  	
		  		  		  	
		  		  		  	
		  		  		  	
		  		  		  	
		  		  		  	

  
 [*] = Text Omitted and Filed Separately with the
Securities and Exchange Commission. Confidential Treatment Requested under 17 C.F.R. Sections 200.80(b)(4) and 230.406. 

 EXHIBIT D 

PRODUCT STEWARDSHIP REQUIREMENTS 

					
	

	  	 SUPPLIER PRODUCT STEWARDSHIP

REQUIREMENTS
 Hazardous
Substance
 Restrictions and Reporting
	 	
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	  	 SUPPLIER PRODUCT STEWARDSHIP

REQUIREMENTS
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	  	 SUPPLIER PRODUCT STEWARDSHIP

REQUIREMENTS
 Hazardous
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 Restrictions and Reporting
	 	
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	  	 SUPPLIER PRODUCT STEWARDSHIP

REQUIREMENTS
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	  	 SUPPLIER PRODUCT STEWARDSHIP

REQUIREMENTS
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 Restrictions and Reporting
	 	
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Confidential Treatment Requested under 17 C.F.R. Sections 200.80(b)(4) and 230.406. 

					
	

	  	 SUPPLIER PRODUCT STEWARDSHIP

REQUIREMENTS
 Hazardous
Substance
 Restrictions and Reporting
	 	
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	  	 SUPPLIER PRODUCT STEWARDSHIP

REQUIREMENTS
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 Restrictions and Reporting
	 	
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	  	 SUPPLIER PRODUCT STEWARDSHIP

REQUIREMENTS
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Substance
 Restrictions and Reporting
	 	
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	  	 SUPPLIER PRODUCT STEWARDSHIP

REQUIREMENTS
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	  	 SUPPLIER PRODUCT STEWARDSHIP

REQUIREMENTS
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	  	 SUPPLIER PRODUCT STEWARDSHIP

REQUIREMENTS
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	  	 SUPPLIER PRODUCT STEWARDSHIP

REQUIREMENTS
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REQUIREMENTS
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REQUIREMENTS
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REQUIREMENTS
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REQUIREMENTS
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REQUIREMENTS
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REQUIREMENTS
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REQUIREMENTS
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REQUIREMENTS
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REQUIREMENTS
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REQUIREMENTS
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REQUIREMENTS
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REQUIREMENTS
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REQUIREMENTS
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 Exhibit E 

Buffer Management & Liability 

Upside Capacity. Seagate may increase Seagate’s requested quantities in the DELFOR at any time. Supplier must be able to meet requested Seagate
increases in the scheduled quantities in the DELFOR for each Product cumulatively within each Lead Time period for each Product as follows: 
  

					
	 	 	 Upside

Capacity
	    	 
	 Upside Capacity Amount Equals this

Percentage of the sum of the scheduled

quantities within Lead Time in the

Committed DELFOR
	 		    	 Time Period During Which eASIC must make

such Upside Capacity Amount Available for
 Delivery

	 20%
	 		    	Between 0-2 weeks after increase request
	 20%
	 		    	 Between 2 weeks after increase request to end

of Lead Time period

 Supplier will make reasonable efforts to accommodate any requests for quantities above the Upside Capacity specified in this
Exhibit. 
 Downside Flexibility. If Seagate reschedules the delivery of any Products outside of Lead Time Seagate must purchase the rescheduled
quantity within [*] days and such quantity remains binding to Seagate. Without incurring any liability, Seagate may cancel orders for a Product to the extent that such order is not binding to Seagate as provided in this Agreement. Lead Time is
subject to review by parties at quarterly capacity planning meetings, provided that any changes to Lead Time will require mutual written agreement of the parties. Subject to the terms and conditions of this Agreement, Seagate may cancel an order for
a product that is binding to Seagate as provided in this Agreement, subject to payment of the following cancellation charges: 
  

			
	 Stage of Completion at Time of

Cancellation Notice
	  	 Cancellation Charges

(Percentage of Exhibit A’s Price Per Unit)

	 Finished Goods
	  	[*]
	 Final Test
	  	[*]
	 Assembly
	  	[*]
	 Die Bank
	  	[*]
	 Fab
	  	[*]

  
 [*] = Text Omitted and Filed Separately with the
Securities and Exchange Commission. Confidential Treatment Requested under 17 C.F.R. Sections 200.80(b)(4) and 230.406. 

 EXHIBIT F 

QUALITY STANDARDS 

Commitment to Seagate’s Quality Requirements 
  

	1.	Product Stewardship Requirements. Seagate’s current Product Stewardship Requirements are referenced in Exhibit D. Seagate will update the Product Stewardship Requirements from time to time and these
will be updated by agreement of Supplier. Supplier must promptly notify Seagate if any of its Products include chemicals or compounds in amounts that exceed the threshold amounts listed in the Product Stewardship Requirements and work with Seagate
to become into compliance. Each shipment of Products to Seagate will constitute a certification by Supplier that the Products shipped meet the agreed upon Product Stewardship Requirements. Upon Seagate’s request, Supplier will provide
sufficient documentation to Seagate to show that the Products conform to the Product Stewardship Requirements. Supplier will maintain processes and policies designed to protect the environment and employee health and safety at any facility where
services related to this Agreement are performed. 

  

	2.	ISO 9001 Certification. Supplier must have a total quality system in place that meets ISO 9001 certification requirements. 

  

	3.	Corrective Action. Whenever a Product does not perform as warranted, Seagate may request that Supplier implement a containment plan within 72 hours after the failure. Supplier must provide Seagate with a detailed
failure analysis identifying root cause as soon as practicable after the failure. Supplier will work with Seagate to determine the effect of the failures on Seagate’s products and customers; and Supplier will implement a corrective action plan
that is acceptable to Seagate to eliminate the effect of the failures on Seagate’s products and customers. Supplier will maintain the effectiveness of all corrective actions implemented as well as apply these corrective actions to other
Products when and where applicable. 

  

	4.	Epidemic Failure; Product Recall. In addition to the warranty obligations above in Section 7, Supplier will be obligated to remedy any Epidemic Failure of Products. An Epidemic Failure will be defined as the
occurrence of multiple failures of the same Products failing to perform as warranted due to the same root cause, to the extent that the failure rate of the Products exceeds [*] of the Products shipped within a four week period. In the event of an
Epidemic Failure, as confirmed by failure analysis by Supplier, Supplier will pay for Seagate’s reasonable, direct, out-of-pocket costs associated with replacing Product which is the subject of the Epidemic Failure. In addition, Supplier will:
(a) immediately cease selling all Products that may evidence the Epidemic Failure, (b) develop and incorporate a remedy for the Epidemic Failure in the affected Products, and (c) replace all failing Products per the terms of the
warranty in Section 7. 

  

	5.	Supplier’s total financial liability for Epidemic Failure (aggregating claims from all Seagate locations and third party contractors) shall not exceed the sum of the amount equal to 3 times the amount paid by
Seagate to Supplier under this Agreement in respect of the defective part number in the 12 months preceding the claim giving rise to the liability, up to a maximum aggregate total of the amount paid or payable by Seagate to Supplier over the life of
this Agreement. 

  

	6.	Failure Rate. With respect to each Product, Supplier will comply with the failure rate limit(s) set forth below. Supplier will report to Seagate the failure rates for each Product on a monthly basis. If the
actual failure rate for any Product exceeds the goal, then Supplier will designate a team that will determine the root cause of the failure and will report to Seagate at weekly meetings until the actual failure rate for the Product is below the
goal. 

  

	6.1	Annualized Return Rate (“ARR”). The permitted ARR for each Product will be less than [*]%. 

  

	6.2	Intrinsic Failure Rate. The intrinsic failure rate (IFR), which is a measure of long-term reliability, [*], where “FIT” is defined as the number of failures per billion hours of operation under normal
conditions. 

  

	6.3	Early Failure Rate Defective Parts Per Million (“DPPM”). The early failure rate DPPM, which represents the line fallout in Seagate’s printed circuit board assembly, substrate, media and
drive build factories, will be less than [*]. Supplier will demonstrate the early failure rate DPPM by performing appropriate accelerated life testing on a statistically significant number of parts, which are representative of the fabrication and
package assembly processes. If the Supplier’s process is not in control, then a 100% test screen under appropriate environmental stress conditions may be required to achieve the desired reliability level. 

 

	6.4	Defective Parts Per Million (“DPPM”). During the volume production phase, the DPPM will be [*] or less. 

  

	7.	Even if a Product passes Seagate’s initial drive qualification testing and meets the Specifications during the Product qualification procedure, the Product will be deemed to have failed Seagate’s Quality
Standards if any Seagate disc drive incorporating the Products fails to achieve its specifications and the failure is proven to be attributable to the incorporated Products. When material does not meet Seagate’s Quality Standards, Supplier is
expected to make commercially reasonable efforts to assist Seagate in satisfying Seagate’s overall quality objectives and in re-qualifying the Product for use by Seagate. Commercially reasonable efforts may include, but are not limited to,
repair, replacement with new Product, or return of Product with full credit in accordance with terms of this Supply Agreement. 

To meet Seagate’s Quality Standards, Supplier agrees: 
  

	(a)	To produce Product in accordance with all applicable and mutually agreed upon Seagate Specifications and all documents referenced in Specifications, including but not limited to Exhibit C, Receiving Inspection
and Testing Procedure, Discrepant Material Procedure, and General Inspection Plan (GIP) Procedures; 

  

	(b)	To provide, at Seagate’s request, actual performance metrics; 

  

	(c)	To comply with DPPM levels as mutually agreed in writing by Supplier and Seagate; 

  

	(d)	To implement a Six Sigma program upon the request and assistance of Seagate in accordance with Seagate’s implementation goals; 

  

	(e)	To conduct ongoing reliability testing of product families as defined by Seagate’s General Semiconductor Specification, 64902200, rev N.; and 

 

	(f)	To meet Seagate’s Quarterly Business Review Scorecard Acceptance Level as defined by Seagate’s Materials department and Supplier Quality Engineering department. 

Seagate may change its Quality Standards with [*] days’ prior written notice to Supplier. Supplier will use commercially reasonable efforts to comply
with the Quality Standards change requests and provide Seagate with a plan to implement the Quality Standards changes, or an alternate proposal subject to Seagate’s written approval, within 30 days. 

 
 [*] = Text Omitted and Filed Separately with the Securities and Exchange Commission.
Confidential Treatment Requested under 17 C.F.R. Sections 200.80(b)(4) and 230.406. 

 AMENDMENT NO. 1 

TO PRODUCT SUPPLY AGREEMENT 
 This
Amendment No. 1 (this “Amendment”) to Product Supply Agreement is entered into by Seagate Technology LLC (“Seagate”) and eASIC Corporation (“Contractor”). Seagate and Contractor previously entered into the Product
Supply Agreement identified as Seagate Agreement No. 80364 (the “Agreement”). 
  

									
	 Seagate:

 
 Seagate Technology LLC

Attention: Corporate Contracts Mail
 Stop: CPCA 03C16

10200 South De Anza Boulevard
 Cupertino, CA 95014
	  	     	 	
Contractor:
  

eASIC Corporation
 2585 Augustine Drive

Suite 100
 Sanata Clara, CA 95054

	 	 		 	 
	Authorized Signature	  	/s/ Bruce A. Sanders	  		 	Authorized Signature	  	/s/ Ronnie Vasishta
	Print Name:	  	Bruce A. Sanders	  		 	Print Name:	  	Ronnie Vasishta
	Title:	  	VP Global Material	  		 	Title:	  	President & CEO
	Date	  	06/02/2014	  		 	Date	  	05/30/2014
	     	  		  		 		  	
	Underlying Ref. No.:	  	80364	  		 		  	
	Amendment Ref. No.	  	151062	  		 		  	
	Amendment Effective Date:	  	May 23, 2014	  		 		  	

 The parties agree to amend the Agreement as follows: 
  

	1.	AMENDMENTS 

 1.1     12.1 Effective Date and Expiration Date.
This section is deleted in its entirety and replaced with the following: 
 This Agreement is effective on the Effective Date specified on
the signature page, and continues until terminated. 
 1.2     12.2 Renewal. This section is deleted in its
entirety. 
  

	2.	MISCELLANEOUS 

 2.1 Dispute Resolution. Seagate and Contractor shall resolve any
dispute relating to this Amendment in the same manner as set forth in the dispute resolutions provisions in the Agreement. The laws of the State of California, without regard to its conflicts of laws rules, govern this Amendment and any disputes
relating to this Amendment. 
  
  

			
	Page 1 of 2	  	 Amendment Ref. No. 151062

Underlying Agreement Ref. No. 80364

  
 [*] = Text Omitted and Filed Separately with the
Securities and Exchange Commission. Confidential Treatment Requested under 17 C.F.R. Sections 200.80(b)(4) and 230.406. 

 2.2 Entire Agreement; Incorporation. This Amendment is the entire agreement between
Seagate and Contractor regarding this subject matter. The terms of this Amendment are incorporated into the Agreement. 
 2.3
Authorization; Notices. Each person signing this Amendment represents that he or she is authorized to sign on behalf of his or her company. All notices given related to this Amendment must be sent to addresses specified above, or any other
addresses the parties designate in writing. 
  
  

			
	Page 2 of 2	  	 Amendment Ref. No. 151062

Underlying Agreement Ref. No. 80364

  
 [*] = Text Omitted and Filed Separately with the
Securities and Exchange Commission. Confidential Treatment Requested under 17 C.F.R. Sections 200.80(b)(4) and 230.406. 

					
	

	  	 2585 Augustine Drive, Suite 100

Santa Clara, CA 95054

Phone: (408) 855-9200
 Fax:
(408) 855-9201
 www.easic.com
	 	

 Ms. Tara. L. Long 
 Vice
President of Strategy and Corporate Development 
 Seagate Technology LLC 

10200 De Anza Blvd 
 Cupertino, CA 95014 

Re: Letter from Counsel Asserting Rights to Indemnification 

Dear Tara, 
 As you know, eASIC (the
“Company”) received a letter from McDermott Will and Emery LLP, counsel to Seagate Technology LLC (“Seagate”), on November 10, 2014, which, among other things, asserted Seagate’s rights to indemnification and defense
costs in connection with a patent suit against Seagate, which letter is attached hereto (the “Rights Assertion Letter”). Specifically, the Rights Assertion Letter asserted Seagate’s rights to indemnification and defense costs in
connection with a suit, Case No. 3:13-cv-2946-H-BGS (S.D. Cal), against Seagate by plaintiff e.Digital Corporation alleging that certain Seagate SSD and SSHD products infringe claim 1 of U.S Patent No. 5,839,108 (the “Lawsuit”).
Seagate contends that the Company provided the flash controller for the Seagate products alleged to have infringed the e.Digital Corporation patent, and Seagate asserts its rights to indemnification and defense costs pursuant to paragraph 10.2 of
the Product Supply Agreement (No. 80364) dated June 28, 2010 and Amendment No. 1 to the Product Supply Agreement (No. 151062) dated May 23, 2010 (collectively, the “PSA”). 

You and I have spoken, and understand that Seagate has determined, that it will agree to limit the amount of indemnifications and defense
costs to be capped at a maximum, not to exceed $200,000. The actual amount maybe less based on actual costs incurred by Seagate. I understand that, as to the Lawsuit, Seagate is willing to waive its rights to seek indemnification and defense
costs in excess of $200,000 from the Company pursuant to the PSA (the “Waiver”). I understand that this is a specific limitation, applicable only with respect to the Lawsuit, and that Seagate does not waive or limit its rights to not seek
indemnification and defense costs from the Company with respect to any other patent infringement lawsuits brought against Seagate for products which incorporate the Company’s products. 

I also confirm that the Company does not object to Seagate’s producing, in response to plaintiff’s discovery request, the PSA and
technical documents sufficient to show the design and operation of the flash controller, as long as produced under a protective order in accordance with the description of such production as detailed in the Rights Assertion Letter. 

If this letter accurately reflects our understanding and agreement on the matters set forth herein, I would ask you or another authorized
person at Seagate to sign below evidencing our understanding and agreement on the matters set forth herein. 
  

[*] = Text Omitted and Filed Separately with the Securities and Exchange Commission. Confidential Treatment Requested under 17 C.F.R. Sections 200.80(b)(4)
and 230.406. 

 We appreciate our business partnership with Seagate and appreciate the effort you and your
company have made in assisting us on this issue. Thank you for your assistance in this matter. 
 Sincerely 

/s/ Ronnie Vasishta             

Ronnie Vasishta, 

Chief Executive Officer 

ACCEPTED AND AGREED: 
 This
letter accurately reflects our understanding and agreement on the matters set forth herein, including the Waiver. 
  

			
		 	Seagate Technology LLC
		
	  
	 	/s/ Tara Long
		 	(Authorized Person & Title)
		
		 	Tara Long
		 	VP Strategy & Corporate Development

  
 [*] = Text Omitted and Filed Separately with the
Securities and Exchange Commission. Confidential Treatment Requested under 17 C.F.R. Sections 200.80(b)(4) and 230.406. 

 

 
 November 10, 2014 

VIA FEDEX 
 Ronnie Vasishta 

eASIC Corporation 
 2585 Augustine Drive 

Suite 100 
 Santa Clara, CA 95054 

 

	Re:	e.Digital Corporation v. Seagate Technology LLC 

	  	Case No. 3:13-cv-2946-H-BGS (S.D. Cal.) 

	  	Notice of Right to Indemnification / Notice of Production of Documents 

 Dear Mr. Vasishta: 

I represent Seagate Technology LLC in the above-referenced lawsuit. Plaintiff e.Digital Corporation has sued Seagate for infringement of U.S. Patent
No. 5,839,108, asserting that certain Seagate SSD and SSHD products infringe claim 1 of this patent. I am writing you for two reasons. 
 First,
I am writing to provide notice of Seagate’s right to indemnification and defense costs from eASIC Corporation relating to this lawsuit. eASIC provided the accused flash controller for certain accused Seagate products pursuant to the Product
Supply Agreement (No. 80364), dated June 28, 2010 (the “PSA”), and Amendment No. 1 to Product Supply Agreement (No. 151062), dated May 23, 2014 (“Amendment No. 1”). For your convenience, I have enclosed
copies of the e.Digital Complaint, the PSA, and Amendment No. 1. 
 Seagate is entitled to indemnity and defense costs from eASIC pursuant
to Paragraph 10 (Indemnification and Defense) of the PSA. Specifically, Paragraph 10.2 provides that “Supplier [i.e., eASIC] will defend and indemnify each [Seagate] Indemnitee against any claim or action brought by a third party against an
Indemnitee, alleging that a Product infringes a patent, copyright, trademark, trade secret, trade name, trade dress, mask work or other intellectual property right.” 

Accordingly, this letter shall serve as notice of Seagate’s right to indemnification and defense costs from eASIC under the parties’ PSA. Please
forthwith confirm in writing that eASIC will honor its indemnification obligation. 
  

[*] = Text Omitted and Filed Separately with the Securities and Exchange Commission. Confidential Treatment Requested under 17 C.F.R. Sections 200.80(b)(4)
and 230.406. 

 Ronnie Vasishta 

November 10, 2014 
 Page 2. 

 

 Second, the plaintiff has propounded discovery requests that seek documents and information concerning
certain the accused SSHD products. I have enclosed a copy of these requests. Seagate is hereby providing prior notice that it intends to produce at least the PSA and Amendment No. 1 in response to e.Digital’s document requests, as well as
technical documents sufficient to show the design and operation of the accused flash controllers. I have also enclosed a copy of the protective order governing discovery in this lawsuit. Seagate will designate these documents as “CONFIDENTIAL
— FOR COUNSEL ONLY” under the protective order. Please confirm at your earliest convenience that eASIC has no objection to this production. 

We appreciate your cooperation and look forward to hearing from you. 
  

	
	Sincerely,
	
	/s/ Eric W. Hagen
	Eric W. Hagen

 Enclosures 
  

[*] = Text Omitted and Filed Separately with the Securities and Exchange Commission. Confidential Treatment Requested under 17 C.F.R. Sections 200.80(b)(4)
and 230.406.

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