Document:

diod-ex1010_581.htm

Exhibit 10.10

Specimen Document For Use By Counsel

First Amendment

To the

Diodes Incorporated

Second Amended and Restated

Deferred Compensation Plan

This First Amendment to the Diodes Incorporated Second Amended and Restated Deferred Compensation Plan is effective this I” day of June, 2013, by the Plan Administrator as delegated by the Board of Directors of Diodes Incorporated (the “Company”).

WITNESSETH:

WHEREAS, the Company maintains the Diodes Incorporated Second Amended and Restated Deferred Compensation Plan, last amended and restated effective January 1, 2009 (the “Plan”); and

WHEREAS, Article X of the Plan permits the Company, acting through its Plan Administrator by delegation of the Board of Directors, to make such amendments necessary to clarity provisions based on the Plan Administrator's interpretation of the document and administration of the Plan; and

WHEREAS, the Plan Administrator desires that Restricted Stock Unit deferrals be initially credited into the Plan Accounts as units of stock, rather than in equivalent dollar amounts; and

WHEREAS, the Plan Administrator also desires that a participant may elect to diversifY his or her Account to which Restricted Stock Unit deferrals are credited into other notional investment options provided on the investment menu determined by the Company;

NOW, THEREFORE:

The plan is hereby amended with respect to Article VII, Section 7.2(d) as follows:

Sub-section (1) under 7.2(d) is hereby deleted.  Sub-sections (2) and (3) are hereby re-numbered as Sub-sections (1) and (2).

IN WITNESS WHEREOF:

The Company, acting through its authorized member of the Plan Administration Committee, hereby executes this First Amendment to the Plan on this day of 2013, to be effective as of the effective date first above written.

SIGNATURES ON NEXT PAGE

DIODES INCORPORATED hereby executes the First Amendment to the Plan.

 

	
BY: 
	
(Print Name)
	
Richard D. White
	
 

	
 
	
 
	
 

	
ITS: 
	
(Title)
	
CFO
	
 

	
 
	
 
	
 

	

	
 
	
 
	
 

	
Date:
	
7/23/2013diod-ex1078_603.htm

Exhibit 10.78

Diodes Zetex Pension Scheme

Recovery Plan

Status

This recovery plan has been prepared by the Trustees of the Diodes Zetex Pension Scheme (“the Scheme”) on 22 February 2017 after obtaining the advice of the Scheme Actuary appointed by the Trustees.

Steps to be taken to ensure that the statutory funding objective is met

The actuarial valuation of the Scheme as at 5 April 2016 revealed a funding shortfall (technical provisions minus value of assets) of £30,693,000. To eliminate this funding shortfall, the Trustees, Diodes Zetex Limited and Diodes Zetex Semiconductors Limited (“the Employers”) have agreed that additional contributions will be paid to the Scheme by the Employers (together) from 5 April 2016 as follows:

	
 
	
•
	
£1,860,000 p.a. to be paid by 31 December each year from 1 January 2017 to 31 December 2029.

In addition to these amounts, the Employers have paid £1,360,000 in the year to 31 December 2016 and also agreed to pay the following amounts, although they have not been included in the Recovery Plan calculation.

	
 
	
•
	
£200,000 p.a. in respect of expenses to be paid towards the Scheme on or before 31 March each year until 31 December 2029, or such other amount as agreed between the Trustees and the Employers.

	
 
	
•
	
The Employers will meet the PPF levy in addition.

Period in which the statutory funding objective should be met

The funding shortfall is expected to be eliminated in 13 years from 1 January 2017, which is by 31 December 2029.

This expectation is based on the following assumptions:

	
 
	
•
	
Technical provisions calculated according to the method and assumptions set out in the Statement of Funding Principles dated 22 February 2017;

	
 
	
•
	
the return on existing assets and the return on new contributions during the period being 1% p.a. above that assumed in the calculation of the technical provisions as at 5 April2016 .

This statement has been agreed by the Trustees and Employers

 

			
	

	
 
	
22-2-17

	
Signed on b9Aalf of the Trustees of the Diodes Zetex Pension Scheme
	
 
	
Date

	
 
	
 
	
 

	

	
 
	

	
Signed on behalf of Diodes Zetex Limited and Diodes Zetex Semiconductors Limited
	
 
	
Datediod-ex1079_602.htm

Exhibit 10.79

Diodes Zetex Pension Scheme
Schedule of Contributions

Status

This Schedule of Contributions has been prepared by the Trustees of the Diodes Zetex Pension Scheme ("the Scheme"), after obtaining the advice of the Scheme Actuary appointed by the Trustees .

Contributions to be paid by the Employers from 1 January 2017 to 31 December 2029

	
 
	
1.
	
Defined Benefits Section

 

	
By active members :
	
 
	
Nil

	
 
	
 
	
 

	
In respect of the shortfall in funding as set out in the Recovery Plan dated 22 February 2017:
	
 
	
£1 ,860,000 p.a. to be paid towards the Scheme on or before 31 December each year from 1 January 2017 until

31 December 2029.

	
 
	
 
	
 

	
In respect of expenses:
	
 
	
£200,000 p.a. to be paid towards the Scheme on or before 31 March each year until 31 December 2029, or such other amount as agreed between the Trustees and the Employers.

 

The Employers may pay contributions in addition to the amounts shown above at any time. Any contributions paid at a rate higher than that required can be offset against later payments due at the request of the Employers.

	
 
	
2.
	
Defined Contribution Section

 

	
By active members:
	
 
	
3%, 5% or 7% of basic salary as elected, or such higher amounts as agreed by the Trustees and Employers which are required for auto-enrolment purposes

	
 
	
 
	
 

	
By the Employers:
	
 
	
Matching contributions of 3%, 5% or 7% of the member's basic salary, or  such higher amounts as agreed by the Trustees and Employers which are required for auto-enrolment  purposes

	
 
	
 
	
 

	
Due date :
	
 
	
Not later than the 19th day of each month in respect of the contributions due for the preceding month.

 

Additional Voluntary Contributions

Members may elect to pay AVCs into either section of the Scheme. AVCs will not be matched by additional employer contributions. AVCs are due to be paid to the Scheme not later than the 19th day of each month in respect of the contributions due for the preceding month.

Salary sacrifice arrangement

Members of the Defined Contribution section of the Scheme may elect to participate in a "salary sacrifice" arrangement. In this case, the member's contributions are paid by the Employers rather than being deducted from the member's pay. The total contribution received by the Scheme is unchanged. 

 

 

 

 

 

Expenses and Life Assurance Premiums

The Employers will meet the cost of the Pension Protection Fund (PPF) Levy. Investment management expenses in respect of the Defined Contribution Section will be met from the Scheme's Defined Contribution Section funds.

Other expenses of running the Scheme and life assurance premiums will be met from the Scheme's Defined Benefit funds, although the Trustees and Employers may agree for the Employers to meet some or all of the expenses directly.

In addition, the Employers will also separately meet expenses incurred by the Trustees which are associated with liability reduction exercises.

This schedule has been agreed by the Trustees and the Employers

 

			
	

	
 
	
22-2-17

	
Signed on behalf of the Trustees of the Diodes Zetex Pension Scheme
	
 
	
Date

 

			
	

	
 
	
22-2-17

	
Signed on behalf of Diodes Zetex Limited and Diodes Zetex Semiconductors Limited
	
 
	
Datediod-ex1080_582.htm

Exhibit 10.80

FRAMEWORK AGREEMENT

 

	
	
GNLG

	
 

	
DATED 16 JANUARY 201V

 

BETWEEN

DIODES ZETEX LIMITED

AND

DIODES ZETEX SEMICONDUCTORS LIMITED

AND

DIODES INCORPORATED

and

HR TRUSTEES LIMITED AND OTHERS

relating to the

DIODES ZETEX PENSION SCHEME

 

crignat

of the

Allen & Overy CUP is a limiteä [ability partnership registered in England and Wa•es with registered number OC3d6763 is authorized and regulated by the Solicitors Regulation Authority of England and Wales. The term partner to member of Aller Ovew L LP or an employee or consultant with equivalent standing and gualifications_ A list at the members of Alen LLP and the non-members who are partners is open to inspecfion at its registered officer One a•shops Square, London El EAD Allen & Over-y LLP or an affiliated undertaking has an office in each Abu Ohabi, Amsterdam. Antwerp. Athens. Bangkok. Beijing. atatisla•aa, 3rugseis, 3ucnaeest (associated Eudapest. Casablanca, Doha, Dubai, Dusseldorf, Frankfurt, Hamburg, Hanoi Ho Chi Minh City. Hong Kong, Istanbul. Jakarta (associateä office). London, Luxembourg, Madrid. Msnnneim, Wan. Moscow. Munich, New York, Paris. Perth. Prague. Riyadh (associated office). Rome, SAO Paula. Shanghai. Singapore. Sydnay, Tokyo, Warsaw. Washington. C) C, and Yangon

 

		
	
THIS DEED is dated \ e
	
2017

	
BETWEEN:
	
 

 

 

 

 

 

	
(1)
	
IAN J E SMITH of 27 Selsey Avenue, sale, Cheshire M33 4RN, JAMES BROOKS of 41 Springside Road, Waimersley, Bury BL9 5JB and HR TRUSTEES LIMITED (No. 745598) whose registered office is at Phoenix House, Station Hill, Reading RGI INB as trustees of the Diodes Zetex Pension Scheme (the Trustees);

	
(2)
	
DIODES INCORPORATED of 4949 Hedgcoxe Roads Suite 200, Plano, Texas 75024 USA

(Diodes Incorporated);

	
(3)
	
DIODES ZETEX LIMITED of Zetex Technology Park, Chadderton, Oldham, OL9 9LL

(Registered No 01378777) (Diodes Zetex Limited); and

	
(4)
	
DIODES ZETEX SEMICONDUCTORS LIMITED of Zetex Technology Park, Chadderton, Oldham, OL9 9LL (Registered No 02387949) (Diodes Zetex Semiconductors Limited).

collectively, the Parties.

BACKGROUND

	
A
	
The Trustees are the trustees of the Scheme,

	
(B)
	
On 26 March 2012 the Parties entered into a framework agreement setting out a minimum net asset holding in aggregate for Diodes Zetex Limited and Diodes Zetex Semiconductors Limited, which was subsequently updated to provide for a new minimum amount of net assets to be held by the Companies of £48,000,000.00. This updated framework agreement was dated 31 March 2014, which was subsequently replaced by a framework agreement dated 10 March 2015 (the "Current Framework Agreement").

	
(C)
	
Diodes Zetex Semiconductors Limited, Diodes Zetex Limited and Diodes Incorporated wish to put in place a new framework agreement, as set out by this Deed.

	
1.
	
DEFINITIONS

THIS DEED WITNESSES as follows:

Business Day means a day (other than a Saturday or a Sunday) on which banks are open for general business in London.

Companies means Diodes Zetex Semiconductors Limited and Diodes Zetex Limited.

Current Actuarial Valuation means the actuarial valuation prepared in respect of the Scheme in accordance with Part 3 of the Pensions Act 2004 as at 5 April 2016.

Current Schedule of Contributions means the schedule of contributions prepared in accordance with Part 3 of the Pensions Act 2004 in respect of the Current Actuarial Valuation.

Date of the Assessment means the last working day of each month or such other date that the internal monthly management accounts are prepared by the Companies.

Minimum Level of Assets means £48,000,000.00 Net Assets.

Net Assets means the aggregated net assets of the Companies assessed in accordance with clause 3.

New Actuarial Valuation means the actuarial valuation prepared in respect of the Scheme in accordance with Part 3 of the Pensions Act 2004 as at 5 April 2019.

Scheme means the Diodes Zetex Pension Scheme which is governed by a Definitive Trust Deed and Rules dated 7 January 2009 (as amended),

 

		
	
0088639-0000007 co:21160094v1
	
2

 

 

	
2.
	
MINIMUM LEVEL OF NET ASSETS

With effect from the date of this Deed Diodes Incorporated shall procure that the Companies will have Net Assets of no less than the Minimum Level of Assets until the earlier of:

	
 
	
(a)
	
the final payment has been made under the Current Schedule of Contributions; or

	
 
	
(b)
	
the date on which a new schedule of contributions has been prepared and agreed in accordance with Part 3 of the Pensions Act 2004 relating to the New Actuarial Valuation.

	
3.
	
ASSESSMENT OF THE NET ASSETS

	
3.1
	
The Net Assets of the Companies shall be the figure shown as the net assets on the Date of the Assessment in the internal management accounts of each Company described in sub-clauses 3.2 (a) to (c).

	
3.2
	
Diodes Incorporated shall procure that each Company delivers to the Trustees:

	
 
	
(a)
	
within 14 Business Days of the Date of the Assessment, each Company's latest internal monthly management accounts;

	
 
	
(b)
	
as soon as reasonably practicable after their preparation, the latest quarterly management accounts for each Company, which shall have been reviewed (but not fully audited) by each Company's auditor; and

	
 
	
(c)
	
as soon as reasonably practicable after their preparation, the latest annual management accounts which shall have been audited by each Company's auditor.

	
3.3
	
The internal management accounts described in sub-clauses 3.2 (a) to (c) shall be sent and deemed delivered via e-mail to the Trustees.

	
3.4
	
Diodes Incorporated shall procure that the Companies inform the Trustees of their respective part of the total amount of Net Assets within 14 Business Days of the Date of the Assessment or in the case of the quarterly and annual accounts delivered under sub-clauses 3.2(b) and (c) at the same time as the accounts are delivered.

	
3.5
	
Diodes Incorporated shall procure that the internal management accounts of each Company described in sub-clauses 3.2 (a) to (c) are prepared in accordance with standard accounting practices.

	
4.
	
GRACE PERIOD AND UNDERTAKING TO PAY

	
4.1
	
If an assessment of the Net Assets under clause 3 shows that the Net Assets are less than the Minimum Level of Assets, Diodes Incorporated shall have the following grace period in which to ensure that the Net Assets are brought above the Minimum Level of Assets:

	
 
	
(a)
	
in the case of the internal monthly management accounts described in sub-clause 3.2(a), 45 days (or such longer time as the Trustees may without obligation, agree) from the Date of the Assessment; and

	
 
	
(b)
	
in the case of the quarterly and annual accounts delivered under sub-clauses 3.2(b) and (c), 45 days from the date the accounts are delivered (or such longer time as the Trustees may without obligation, agree).

	
4.2
	
After the expiry of the 45 days set out in clause 4.1, if the Net Assets are below the Minimum Level of Assets, Diodes Zetex Limited shall within 10 days of demand by the Trustees pay (without any deduction whatsoever) to the Trustees an amount equal to not less than half of all amounts payable towards the Scheme but not yet paid under the Current Schedule of Contributions.

	
5.
	
LIMITATION OF LIABILITY

Diodes Incorporated and the Companies shall have no liability to the Trustees under this Deed except as set out in clause 4.2.

 

		
	
0088639-0000007 co:21160094v1
	
3

 

 

	
6.
	
MISCELLANEOUS

	
6.1
	
This Deed and the documents referred to in it contain the whole agreement between the Parties relating to the transactions contemplated by this Deed and supersede all previous Deeds between the Parties relating to these transactions,

	
6.2
	
This Deed may be executed in any number of counterparts, all of which, taken together, shall constitute one and the same Deed, and any Party (including any duly authorised representative of a Party) may enter into this Deed by executing a counterpart.

	
6.3
	
A person who is not a Party to this agreement may not enforce any of its terms under the Contracts (Rights of Third Parties) Act 1999.

	
6.4
	
This Deed is governed by English law.

	
6.5
	
The English courts have exclusive jurisdiction to settle any dispute arising out of or in connection with this Deed (including a dispute relating to any non-contractual obligations arising out of or in connection with this agreement) and the parties submit to the exclusive jurisdiction of the English courts.

 

		
	
0088639-0000007 co:21160094v1
	
4

 

 

AS EVIDENCE of their acceptance of the terms of this Deed, the parties have executed and delivered it as a deed,

 

			
	
 
	
 
	

	
EXECUTED as a deed by
	
)

	
DIODES ZETEX SEMICONDUCTORS LIMITED acting by
	
)

	
 

Director
	
 

)

 

			
	
Witness signature
	
 
	

	
Witness name
	
 

	
Witness address
	
 

 

			
	
EXECUTED as a deed by DIODES ZETEX LIMITED acting by
	
 
	

	
Director
	
 

 

			
	
Witness signature
	
 
	

	
Witness name
	
 

	
Witness address
	
 

 

			
	
EXECUTED as a deed by DIODES INCORPORATED acting by
	
)

)
	

	
Director
	
)

 

			
	
Witness signature
	
 
	

	
Witness name
	
 

	
Witness address
	
 

 

Trustees

 

IAN J E SMITH

 

 

 

 

		
	
0088639-0000007 co:21160094v1
	
5

 

 

 

	
as trustee of the Diodes Zetex Pension Scheme acting by
	
 
	
 

	
 
	
 
	
 

	
Witness signature
	
 
	
 

	
Witness name
	
 
	
 

	
Witness address
	
 
	
 

	
 
	
 
	
 

	
JAMES BROOKS as trustee of the Diodes Zetex Pension Scheme acting by
	
 
	
 

	
 
	
 
	
 

	
Witness signature
	
 
	
 

	
Witness name
	
 
	
 

	
Witness address
	
 
	
 

	
 
	
 
	
 

	
HR TRUSTEES LIMITED as trustee of the Diodes Zetex Pension Scheme
	
 
	
 

	
 
	
 
	
 

	
Director:
	
 
	
 

	
 
	
 
	
 

	
Witness signature
	
 
	
 

	
Witness name
	
 
	
 

	
Witness address
	
 
	
 

 

 

 

 

		
	
0088639-0000007 co:21160094v1
	
6

 

 

C021160094.1

FRAMEWORK AGREEMENT

 

	
	
GNLG

	
DATED : 6 JANUARY 2017

BETWEEN

DIODES ZETEX LIMITED

AND

DIODES Z,ETEX SEMICONDUCTORS LIMITED

AND

DIODES INCORPORATED 

and

HR TRUSTEES LIMITED AND OTHERS

relating to the

DIODES ZETEX PENSION SCHEME

 

 

original

ci lite

Allen & Overy LLP a lirrited iiability partnership registered in England and Wales With registered OC306763„ It is authohsed and regulated by the Sdicitars Regulation Authority of England and Wales. The term partner is to refer to a "'Ember of Allen & Ovary LLP or an employee or consultant with equivalent standing and qualifications. A list of the members of Allen & Over} LEP and of the non-members who ere designated as partners is open to inspection at its registered office, One Bishops Square. London El GAD.

Allen & Overy LLP or an affiliated undertaking has an office in each Ott Abu Dhabi. Amsterdam. Antwerpr Athens, Bangkok, Beijing. Belfast. Bratislava. Brussels, Bucharest (associated office). Budapest, Casablanca, Ooha, Dubai, OusSeIdorf, Frankfurt. Harnburg, Hanoir Ho Cni Minh City. Hong Kong. Istanbul. Jakarta (associated office). London, Luxembourg, Madrid, Mannheim, Milan, Moscow. Murich, New York, Paris, Perth, Prague, Riyadh (associated office), Rorne, Såo Paulon Shanghai, Singapore, Sydney. Tokyo. Warsaw, Washington, DC. and Yangon.

THIS DEED is dated I b JANUARY 2017 

 

 

 

 

 

 

BETWEEN:

	
(1)
	
IAN J E SMITH of 27 Selsey Avenue, sale, Cheshire M33 4RN, JAMES BROOKS of 41 Springside Road, Waimersley, Bun, BL9 5JB and HR TRUSTEES LIMITED (No, 745598) whose registered office is at Phoenix House, Station Hill, Reading RGI INB as trustees of the Diodes Zetex Pension Scheme (the Trustees);

	
(2)
	
DIODES INCORPORATED of 4949 Hedgcoxe Road, suite 200, Plano, Texas 75024 USA

(Diodes Incorporated);

	
(3)
	
DIODES ZETEX LIMITED of Zetex Technology Park, Chadderton, Oldham, OL9 9LL

(Registered No 01378777) (Diodes Zetex Limited); and

	
(4)
	
DIODES ZETEX SEMICONDUCTORS LIMITED of Zetex Technology Park, Chadderton, Oldham, OL9 9LL (Registered No 02387949) (Diodes Zetex Semiconductors Limited).

collectively, the Parties.

BACKGROUND

	
A
	
The Trustees are the trustees of the Scheme.

	
(B)
	
On 26 March 2012 the Parties entered into a framework agreement setting out a minimum net asset holding in aggregate for Diodes Zetex Limited and Diodes Zetex Semiconductors Limited, which was subsequently updated to provide for a new minimum amount of net assets to be held by the Companies of £48,000,000.00 This updated framework agreement was dated 3 1 March 2014, which was subsequently replaced by a framework agreement dated 10 March 2015 (the l'Current Framework Agreement").

	
(C)
	
Diodes Zetex Semiconductors Limited, Diodes Zetex Limited and Diodes Incorporated wish to put in place a new framework agreement, as set out by this Deed.

1.DEFINITIONS

THIS DEED WITNESSES as follows:

Business Day means a day (other than a Saturday or a Sunday) on which banks are open for general business in London.

Companies means Diodes Zetex Semiconductors Limited and Diodes Zetex Limited.

Current Actuarial Valuation means the actuarial valuation prepared in respect of the Scheme in accordance with Part 3 of the Pensions Act 2004 as at 5 April 2016.

Current Schedule of Contributions means the schedule of contributions prepared in accordance with Part 3 of the Pensions Act 2004 in respect of the Current Actuarial Valuation,

Date of the Assessment means the last working day of each month or such other date that the internal monthly management accounts are prepared by the Companies.

Minimum Level of Assets means £48,000,000.00 Net Assets,

CO:21 f 60094, 1

 

 

 

 

		
	
0088639-0000007
	
2

 

 

Net Assets means the aggregated net assets of the Companies assessed in accordance with clause 3.

New Actuarial Valuation means the actuarial valuation prepared in respect of the Scheme in accordance with Part 3 of the Pensions Act 2004 as at 5 April 2019,

Scheme means the Diodes Zetex Pension Scheme which is governed by a Definitive Trust Deed and Rules dated 7 January 2009 (as amended).

	
2.
	
MINIMUM LEVEL OF NET ASS CTS

With effect from the date of this Deed Diodes Incorporated shall procure that the Companies will have Net Assets of no less than the Minimum Level of Assets until the earlier of:

	
 
	
(a)
	
the final payment has been made under the Current Schedule of Contributions; or

	
 
	
(b)
	
the date on which a new schedule of contributions has been prepared and agreed in accordance with Part 3 of the Pensions Act 2004 relating to the New Actuarial Valuation.

	
3.
	
ASSESSMENT OF THE NET ASSETS

	
 
	
3.1
	
The Net Assets of the Companies shall be the figure shown as the net assets on the Date of the Assessrnent in the internal management accounts of each Company described in sub-clauses 3.2 (a) to (c).

	
 
	
3.2
	
Diodes Incorporated shall procure that each Company delivers to the Trustees:

	
 
	
(a)
	
within 14 Business Days of the Date of the Assessment, each Company's latest internal monthly management accounts;

	
 
	
(b)
	
as soon as reasonably practicable after their preparation, the latest quarterly management accounts for each Company, which shall have been reviewed (but not fully audited) by each Company's auditor; and

	
 
	
(c)
	
as soon as reasonably practicable after their preparation, the latest annual management accounts which shall have been audited by each Company's auditor.

	
 
	
3.3
	
The internal management accounts described in sub-clauses 3.2 (a) to (c) shall be sent and deemed delivered via e-mail to the Trustees.

	
 
	
3.4
	
Diodes Incorporated shall procure that the Companies inform the Trustees of their respective part of the total amount of Net Assets within 14 Business Days of the Date of the Assessment or in the case of the quarterly and annual accounts delivered under sub-clauses 3.2(b) and (c) at the same time as the accounts are delivered.

	
 
	
3.5
	
Diodes Incorporated shall procure that the internal management accounts of each Company described in sub-clauses 3.2 (a) to (c) are prepared in accordance with standard accounting practices.

	
4.
	
GRACE PERIOD AND UNDERTAKING TO PAY

	
 
	
4.1
	
If an assessment of the Net Assets under clause 3 shows that the Net Assets are less than the Minimum Level of Assets, Diodes Incorporated shall have the following grace period in which to ensure that the Net Assets are brought above the Minimum Level of Assets:

	
 
	
(a)
	
in the case of the internal monthly management accounts described in sub-clause 3.2(a), 45 days (or such longer time as the Trustees may without obligation, agree) from the Date Of the Assessment; and

 

co:21160094.1

 

		
	
0088639-0000007 co:21160094v1
	
3

 

	
 
	
(b)
	
in the case of the quarterly and annual accounts delivered under sub-clauses 32(b) and (c), 45 days from the date the accounts are delivered (or such longer time as the Trustees may without obligation, agree).

	
 
	
4.2
	
After the expiry of the 45 days set out in clause 4, I , if the Net Assets are below the Minimum Level of Assets, Diodes Zetex Limited shall within 10 days of demand by the Trustees pay (without any deduction whatsoever) to the Trustees an amount equal to not less than half of all amounts payable towards the Scheme but not yet paid under the Current Schedule of Contributions,

	
5.
	
LIMITATION OF LIABILITY

Diodes Incorporated and the Companies shall have no liability to the Trustees under this Deed except as set out in clause 4.2.

	
6.
	
MISCELLANEOUS

	
 
	
6.1
	
This Deed and the documents referred to in it contain the whole agreement between the Parties relating to the transactions contemplated by this Deed and supersede all previous Deeds between the Parties relating to these transactions.

	
 
	
6.2
	
This Deed may be executed in any number of counterparts, all of which, taken together, shall constitute one and the same Deed, and any Party (including any duly authorised representative of a Party) may enter into this Deed by executing a counterpart,

	
 
	
6.3
	
A person who is not a Party to this agreement may not enforce any of its terms under the Contracts (Rights of Third Parties) Act 1999,

	
 
	
6.4.
	
This Deed is governed by English law.

	
 
	
6.5
	
The English courts have exclusive jurisdiction to settle any dispute arising out of or in connection with this Deed (including a dispute relating to any non-contractual obligations arising out of or in connection with this agreement) and the parties submit to the exclusive jurisdiction of the English courts.

 

		
	
0088639-0000007 co:21160094v1
	
4

 

AS EVIDENCE of their acceptance of the terms of this Deed, the parties have executed and delivered it as a deed,

 

	
EXECUTED as a deed by
	
 
	
 

	
DIODES ZETEX SEMICONDUCTORS LIMITED acting by
	
 
	
 

	
Director
	
 
	
 

	
 
	
 
	
 

	
co;21160094.1

	
Witness signature
	
 
	
 

	
Witness name
	
 
	
 

	
Witness address
	
 
	
 

	
 
	
 
	
 

	
EXECUTED as a deed by DIODES ZETEX LIMITED acting by
	
 
	
 

	
 
	
 
	
 

	
Director
	
 
	
 

	
 
	
 
	
 

	
Witness signature
	
 
	
 

	
Witness name
	
 
	
 

	
Witness address
	
 
	
 

	
 
	
 
	
 

	
EXECUTED as a deed by DIODES INCORPORATED acting by
	
 
	
 

	
Director
	
 
	
 

	
 
	
 
	
 

	
Witness signature
	
 
	
 

	
Witness name
	
 
	
 

	
Witness address
	
 
	
 

	
 
	
 
	
 

 

 

		
	
0088639-0000007 co:21160094v1
	
5

 

Trustees

 

		
	
IAN J E SMITH
	

	
C02' '60094.1
	
 

 

		
	
as trustee of the Diodes Zetex Pension Scheme acting by
	

 

			
	
Witness signature
	
 
	
 

	
Witness name
	
 

	
Witness address
	
 

	
 
	
 
	
 

	

 

		
	
JAMES BROOKS as trustee of the Diodes Zetex acting by
	

	
 

	
Witness signature

	
Witness name

	
Witness address

 

		
	
PIR TRUSTEES LIMITED as trustee of the Diodes Zetex Pension Scheme
	

	
Director:

	
Witness signature

	
Witness name

	
Witness address

 

 

co:21160094.1

 

		
	
0088639-0000007 co:21160094v1
	
6

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