Document:

Prepared by R.R. Donnelley Financial -- Sublease, dated July 1, 2002

 Exhibit 10.7 
  
 Final Version     
  
 Submitted: 5/10/02 
  
 SUBLEASE 
  
 THIS SUBLEASE AGREEMENT made and entered into on this 1st day of July 2002, by and between Westinghouse Air Brake Technologies, Inc. a Delaware
corporation (“Sub Landlord”), and SiRF Technology, Inc., a Delaware corporation, with its principal office at 148 East Brokaw Road, San Jose, California 95112 (“Subtenant”); 
  
 WITNESSETH 
  
 WHEREAS, Sub landlord leases certain premises located at 5250 N. River Blvd. NE, Cedar Rapids, IA 52411, consisting of 2,260
square feet (the “Exclusive Space”) plus 271 square feet of common area (12% of actual space, consisting of the lobby, restrooms, and common aisles and hallways, referred to herein as the “Common Area”) for a total of 2531 square
feet (collectively, the Exclusive Space and the Common Area is referred to herein as the “Sublet Premises”) from McBride Investments (“Landlord”), under the terms of a Lease Agreement dated December 1998, a copy of which is
attached hereto as Exhibit “A” and incorporated herein by this reference. The Sublet Premises are more particularly depicted on Exhibit “A-1” hereto, and are part of a larger premises leased by Sub landlord from Landlord,
consisting in the aggregate of approximately 36,568 square feet (the “Premises”); and 
  
 WHEREAS, Sub landlord and Subtenant have reached an agreement whereby Subtenant will sublease the Sublet Premises from Sub landlord under the terms of
this Sublease as more fully described below; 
  
 NOW, THEREFORE,
for and in consideration of the mutual promises and undertakings hereinafter set forth, the parties hereto mutually covenant and agree as follows. 
  
 1. Sublet Premises. Commencing June 1, 2002 (but subject to Section 2.1 below), Sub landlord hereby leases to Subtenant and Subtenant hereby leases
from Sub landlord the Sublet Premises, upon the terms and conditions set forth below. 
  
 2. Terms and Conditions of Sublease. 
  
 2.1. Section 16 of the Lease provides that Sub landlord may not sublet the Sublet Premises without the prior written consent of Landlord. This Sublease and the obligations of the parties hereto are expressly
conditioned upon the receipt of the signed, written consent of Landlord in the form attached hereto as Exhibit ”B” (the “Landlord Consent”). Sub landlord shall use reasonable efforts to obtain Landlord’s consent, but
Sub landlord shall not be liable to Subtenant for any delay in delivering the Sublet Premises to Subtenant as a result of the delay or failure in obtaining such consent. The parties acknowledge that Landlord, by its execution of the Landlord
Consent, consents to Sublandlord’s subleasing the Sublet Premises to Subtenant pursuant to the terms of the Sublease. The parties further acknowledge that the terms and conditions of the Lease are in no way modified by the execution of this
Sublease and Sub landlord shall remain obligated to the Landlord for the performance of all obligations of the “Lessee” under the Lease. In the event of conflict between the Lease and this Sublease, the terms 

 and Lease. In the event of conflict between the Lease and this Sublease, the terms and conditions of the Lease shall at
all times govern and control. 
  
 2.2. Notwithstanding anything
contained in this Sublease to the contrary, this Sublease is in all respects subject to and ‘subordinate to the terms and conditions of the Lease and any subordination or similar agreement executed by Sub landlord in connection with the Lease.
In the event of any termination of the Lease for any reason, including without limitation, any termination by Sub landlord arising out of a condemnation of or casualty to any part of the Premises, or a material default by Landlord under the Lease,
this Sublease shall automatically terminate and neither party shall have any further liability hereunder except as may be specifically set forth herein. So long as Subtenant is not in default of its obligations under this Sublease beyond any
applicable cure period, Sub landlord shall perform all of the obligations of Sub landlord, as “Tenant” under the Lease, as the same pertains to the Sublet Premises, including without limitation pursuant to paragraph 14 of the Lease, and
Subtenant hereby grants access to Sub landlord to the Sublet Premises, in accordance with Section 10 of this Sublease, to the extent necessary for Sub landlord to perform such obligations. Sub landlord shall use its reasonable efforts to cause the
Landlord to perform its obligations under the Lease but shall not be liable to Subtenant for any failure of Landlord to perform such obligations. Notwithstanding the foregoing or anything to the contrary herein, so long as Subtenant is not in
default of its obligations under this Sublease beyond any applicable cure period, Sub landlord agrees not to enter into any agreement with Landlord to terminate the Lease during the term of this Sublease. 
  
 2.3. Subtenant shall not commit or permit to be committed any act or omission
which shall violate any term or condition of the Lease. Subtenant shall comply with all applicable laws, ordinances, rules and regulations affecting the Sublet Premises. 
  
 2.4. Notwithstanding the foregoing or anything to the contrary herein, (a) Subtenant shall have no obligation hereunder to
perform Sub landlord’s obligations pursuant to paragraphs 2, 4 through 7, 9 and 10 of the Lease, and (b) the provisions of paragraph 35 of the Lease shall have no application to this Sublease. 
  
 2.5. Sub landlord hereby represents to Subtenant that (a) no notices of
default have been given under the Lease which remain uncured, (b) to the best of Sub landlord’s knowledge, Sub landlord is not in default under any of the provisions of the Lease and to the best of Sub landlord’s actual knowledge, Landlord
is not in default under any of the provisions of the Lease, (c) attached hereto as Exhibit “A” which is a true and complete copy of the Lease. 
  
 2.6. Upon payment by Subtenant of the rents herein provided, and upon the observance and performance of all the covenants, terms and conditions on
Subtenant’s part to be observed and performed, Subtenant shall peaceably, and quietly hold and enjoy the Sublet Premises for the Sublease term without hindrance or interruption by Sub landlord or any other person or persons lawfully or
equitably claiming by, through or under Sub landlord, subject, nevertheless, to the terms and conditions of this Sublease, the Lease, and any mortgage and/or deed of trust to which this Sublease is subordinate. 
  

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 3. Rental. Subtenant shall pay to Sub landlord as rent, without deduction, setoff, prior notice or
demand, the following monthly installments of Four Thousand Nine Hundred Thirty Dollars Ninety-Seven Cents ($4,930.97), payable on or before the first of each and every month (subject to Section 3.1 below). In the event that the commencement of this
Sublease is other than the first day of the month, rent for such partial month shall be prorated based on the number of days in such month that are included in the term of this Sublease. The Sub landlord will leave the network room where it is on
the condition that if this space is ever need by Wabtec Railway Electronics, SiRF Technology, Inc. will pay for its movement to an office selected by Wabtec Railway Electronics. (Estimated Cost of $2,500) 
  
 3.1. Upon acceptance of this Sublease by Landlord, Subtenant shall pay the
first and last months rent in the aggregate amount of Nine Thousand Eight Hundred Sixty One Dollars Ninety-Four Cents ($9,861.94). 
  
 3.2. If Sub landlord is entitled to any abatement of rent relating to the Premises and attributable to any part of the Sublease term (“Sub
landlord’s Premises Rental”), the rent payable hereunder shall be abated by the same proportion that the abatement to which Sub landlord is entitled is to Sub landlord’s Premises Rental. 
  
 4. Term. The term of this Sublease shall commence with respect to the
Sublet Premises on June 1, 2002 and continue for a period of twenty-four months. Tenant has no right to renew nor extend the term of this Sublease beyond such twenty-four month period. 
  
 The conditions of termination are as follows: 
  
 4.1. Wabtec Railway Electronics reserves the right to give SiRF Technology, Inc. a 60-day notice of evacuation of the space in the event that another
group is interested in the larger area surrounding the leased area by SiRF Technology, Inc. If Wabtec Railway Electronics determines the space is require for its own business expansion, a 90 day notice of evacuation will be presented. In either such
event, this Sublease shall terminate as of the sixtieth or ninetieth day following such notice, as applicable. 
  
 4.2. In the event that Wabtec Railway Electronics or SiRF Technology, Inc. determine that a more secure, separated area is required, a demising wall or
other structure, reasonably satisfactory to both parties, will be placed between the two areas as to separate the two companies. The cost of such wall or structure will be the responsibility of Subtenant. (Estimated Cost of $10,500). Any
modifications to the Sublet Premises under this Section 4.2 will be subject to the requirements of Section 12. 
  
 4.4. Termination for Damage or Condemnation. Notwithstanding the foregoing or anything to the contrary in this Sublease, Subtenant shall have the
right to terminate this Sublease by written notice upon the occurrence of any damage to the Sublet Premises or to the parking areas serving the same which cannot be repaired within 
  

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 thirty (30) days after the occurrence thereof, or in the event any eminent domain or taking occurs which interferes with
Subtenant’s ability to operate its business in the Sublet Premises. 
  
 4.5. Default. Sub landlord shall have the right to terminate this Sublease upon Subtenant’ s violation (i.e., failure to perform after expiration of any time period specified herein for performance by
Subtenant) of any of the terms and conditions hereof, provided that Subtenant shall have the right to cure any such violation within 10 days, in the case of a default in payment, and 25 days in all other cases, subject to extension for force
majored, after receiving written notice thereof. In the event that any of Subtenant’s employees, agents, or contractors shall commit any acts of vandalism or other criminal activities on or about the Sublet Premises, Sub landlord may terminate
this Sublease immediately. 
  
 5. Indemnity. In addition to
any other obligations Subtenant may have hereunder, Subtenant shall indemnify and hold harmless Sub landlord from and against any and all claims, losses, liabilities, or damages, including claims for injury to person, loss of life, and damage to
property, arising from Subtenant’ s use of the Sublet Premises, or from the conduct of Subtenant’ s business on the Sublet Premises, or from any activity, work, or thing on or about the Sublet Premises or affecting the Sublet Premises that
is under the direction or control of Subtenant, or from any breach or default in the performance of any obligation on Subtenant’ s part to be performed under the terms of this Sublease. Said indemnification shall include any and all reasonable
costs, damages, expenses, and attorney’s fees incurred or sustained by Sub landlord by reason of such claims. Subtenant’s indemnity obligations hereunder shall survive the expiration or termination of this Sublease. 
  
 6. Assignments and Subletting. Subtenant shall not have the right to
assign this Sublease (by operation of law or otherwise) or to sublease the Sublet Premises to any third party. In no event shall Subtenant pledge, mortgage or otherwise encumber the Premises, or to allow any portion of the Premises to be used by any
third party, except as provided herein. 
  
 7. Insurance.

  
 7.1. During the term hereof, Subtenant shall maintain a
policy or policies of worker’s compensation and Comprehensive General Liability Insurance, including personal injury, blanket contractual liability and broad form property damage and containing an owner-lesser endorsement naming Landlord and
Sub landlord as additional insured, with minimum limits as follows: Two Million Dollars ($2,000,000.00) combined single limit coverage for bodily injury each person, bodily injury each accident, and Two Million Eight Hundred Six Thousand Four
Hundred Fifty-one Dollars ($2,806,451.00) for property damage. Subtenant shall also maintain and keep in force policies of property insurance against loss to the contents on or in the Sublet Premises, including but not limited to Subtenant’s
property, as a result of fire, theft or other insurable casualties and occurrences, in adequate amounts. 
  

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 7.2. Insurance required hereunder must be written by a company authorized to do business in Iowa, subject
to the approval of Sub landlord and Landlord, which approval shall not be unreasonably withheld. Each policy of insurance will be endorsed to provide that Sub landlord will receive at least thirty (30) days’ prior written notice of any
cancellation of, or material change in, said policy. Subtenant shall not cause any insurance to be cancelled nor permit any insurance to lapse without thirty (30) days’ prior, written notice to Sub landlord. A certificate evidencing liability
insurance required to be maintained by Subtenant hereunder naming Sub landlord and Landlord as additional insureds shall be delivered to Sub landlord and Landlord upon the execution of this Sublease. 
  
 7.3. Sub landlord and Subtenant each hereby waives any and all rights of
recovery against the other, and against any other tenant or occupant of the Premises and against the officers, employees, agents, representatives, customers and business visitors of such other party and of each such other tenant or occupant of the
Premises, for loss of or damage to such waiving party or its property or the property of others under its control, arising from any cause insured against or required to be insured against under any policy of property insurance required to be carried
by such waiving party pursuant to the provisions of this Sublease (or any other policy of property insurance carried by such waiving party in lieu thereof) at the time of such loss or damage. The foregoing waiver shall be effective whether or not a
waiving party actually obtains and maintains such insurance which such waiving party is required to obtain and maintain pursuant to this Sublease (or any substitute therefore). Sub landlord and Subtenant shall, upon obtaining the policies of
insurance, which they are required to maintain hereunder, give notice to their respective insurance carrier or carriers that the foregoing mutual waiver of subrogation is contained in this Sublease. 
  
 8. Use of Sublet Premises. 
  
 8.1. Subtenant shall use and occupy the Sublet Premises only for office and
engineering purposes together with related laboratories, and the Sublet Premises shall be used for no other purpose by Subtenant or any other person or entity. To Sub landlord’s best knowledge, the use of the Sublet Premises contemplated hereby
does not violate the Restrictive Covenants currently in effect referred to in the Lease. 
  
 8.2. Subtenant and Sub landlord acknowledge and agree that they each have the right to use the Common Area, and that each shall exercise such rights without unreasonably interfering with the rights of the other with
respect thereto and/or in such other party’s premises. 
  
 8.3. In-addition, Subtenant shall comply with all Environmental laws (as hereinafter defined) in its use of the Sublet Premises, including, without limitation, the obligation to obtain and maintain in effect and comply with all requisite
permits and reporting and notification requirements. Subtenant hereby agrees that (i) no activity will be conducted on the Sublet Premises by Subtenant or any party acting on behalf of Subtenant that will produce or cause the release of any
Hazardous Substance (as 

  

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hereinafter defined); (ii) the Sublet Premises will not be used by Subtenant or any party acting on behalf of Subtenant in any manner for the storage of any
Hazardous Substances except for the temporary storage of de minimis quantities of such materials that are used or produced in the ordinary course of Subtenant’s business conducted on the Premises (the “Permitted Materials”),
provided such Permitted Materials are properly stored in a manner and location and are properly disposed of in a manner meeting all Environmental Laws and approved in advance in writing by Sub landlord and Landlord; (iii) upon Sublandlord’s
request, Subtenant shall provide Sub landlord with evidence satisfactory to Sub landlord that Subtenant is complying with all Environmental Laws regarding the storage, use, and disposal of Permitted Materials; and (iv) Subtenant will not by its
operations or by the operations of any party acting on behalf of Subtenant permit any Hazardous Substances to be brought onto the Premises (except for the Permitted Materials), and if so brought or found located thereon to the extent resulting from
the operations of Subtenant or any party acting on behalf of Subtenant, the same shall be immediately removed, all required cleanup and disposal procedures shall be diligently undertaken in accordance with all Environmental Laws, and Subtenant shall
provide Sub landlord with evidence satisfactory to Sub landlord of Subtenant’s compliance with all Environmental Laws. If at any time during or after the term of this Sublease, the Sublet Premises are found to be contaminated with Hazardous
Substances resulting from Subtenant’s use thereof or Subtenant’s use of the Sublet Premises results in a violation of any Environmental Law, Subtenant agrees to indemnify, hold harmless, protect, and (at Sub landlord’s or
Landlord’s election) defend Sub landlord and Landlord from all claims, demands, actions, liabilities, costs, expenses, damages, and obligations of any nature (including, without limitation, attorney’s fees, expert consultant’s fees,
and costs of government required investigations and actions) arising from or as a result of the use of the Sublet Premises by Subtenant, but only to the extent caused by Subtenant’s violation of any such Environmental Law or by Subtenant’s
use or occupancy of the Sublet Premises. The foregoing indemnification shall survive the termination or expiration of this Sublease. The term “Hazardous Substances” as used in this Sublease shall mean pollutants, petroleum, contaminants,
infectious waste, asbestos, radioactive materials, polychlorinated biphenyls (PCBs), toxic or hazardous wastes, or any other substances the removal of which is required or the use of which is restricted, prohibited, or penalized by any
“Environmental Law”, which term shall mean any federal, state, or local law, rule, regulation, or ordinance relating to pollution or protection of the environment. 
  
 9. Mechanics’s Liens. Subtenant shall (A) within thirty (30) days after it is filed or claimed, have released
(by bonding or otherwise) any mechanics’, materialmen’s, or other lien filed or claimed against any or all of the Sublet Premises, by reason of labor or materials provided for Subtenant or any of its contractors or subcontractors (other
than labor or materials provided by Sub landlord pursuant to the provisions of this Sublease, including without limitation for the Sublease Improvements), or otherwise arising out of Subtenant’s use or occupancy of the Premises; and (B) defend,
indemnify, and hold harmless Sub landlord against and from any and all liability, claim of liability, or expense (including, by way of example rather than of limitation, that of reasonable attorney’s fees) incurred by Sub landlord on account of
any such lien or claim. 
  

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 10. Access to Premises. 
  
 10.1 Upon at least twenty-four (24) hours verbal notice to Subtenant (except in cases of emergency and as specifically
provided in Paragraph 13 of the Lease), Sub landlord and/or Landlord shall have the right, without abatement of rent, to enter the Sublet Premises at any reasonable hour during normal business hours (except in the cases of emergency) to examine the
same, or to make such repairs and alterations as Sub landlord and/or Landlord shall deem necessary for the safety and preservation of the Sublet Premises, and also to exhibit the Sublet Premises for let. 
  
 10.2 Tenant shall have access to the Building 24 hours per day, 7 days per
week, 52 weeks per year; provided that Landlord may install access control systems as it deems advisable for the Building. Such systems may, but need not, include full or part-time lobby supervision, the use of a sign-in sign-out log, a card
identification access system, building parking and access pass system, closing hours procedures, access control stations, fire stairwell exit door alarm system, electronic guard system, mobile paging system, elevator control system or any other
access controls. 
  
 11. Vacation of Premises. Subtenant
shall vacate the Sublet Premises at the end of the term of this Sublease or any extension or renewal thereof. If Subtenant fails to vacate at such time, Subtenant shall be deemed a tenant at sufferance and there shall be payable to Sub landlord as
basic monthly rent hereunder an amount equal to two hundred percent of the monthly rent stated herein, for each month or part of a month that Subtenant holds over and the payment and acceptance of such payments shall not constitute an extension or
renewal of this Sublease. In event of any such holdover, Sub landlord shall also be entitled to all remedies provided by law for the speedy eviction of tenants, and to the payment of all attorney’s fees and expenses incurred in connection
therewith. Subtenant shall return the Sublet Premises to Sub landlord at the expiration or termination of this Sublease in the same condition as at the commencement of this Sublease, ordinary wear and tear, casualty damage and any express
obligations of Subtenant under this Sublease excepted. 
  
 12.
Condition of Sublet Premises. THE SUBLET PREMISES WILL BE TURNED OVER TO SUBTENANT IN ITS CURRENT “AS-IS” CONDITION, WITHOUT WARRANTIES OR REPRESENTATIONS OF ANY KIND, INCLUDING THE IMPLIED WARRANTIES OF HABITABILITY OR FITNESS FOR
A PARTICULAR PURPOSE. Subtenant shall be responsible for ordinary maintenance and repairs to the Exclusive Space (except for such maintenance and repairs for which Landlord is responsible under the Lease). Subtenant shall also, at its sole expense
and subject to Landlord’s and Sublandlord’s written approval of Subtenant’s construction documents, perform such alterations and improvements as are necessary for Subtenant’s particular use of the Sublet Premises. If directed in
writing to do so by Sub landlord at the time Sub landlord approves the same, upon vacating the Sublet Premises, Subtenant shall remove any such alterations and improvements and restore the Sublet Premises to its original condition as of the date of
this Sublease. 
  

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 13. Parking. Subtenant shall have a nonexclusive right to use its proportionate share (at least 10
spaces) of any and all parking spaces which Sub landlord is entitled to use under and pursuant to the applicable provisions of the Lease. Subtenant’s right to use said parking spaces shall be at no additional cost. Such parking spaces shall be
available on a first-come, first-served basis, and no spaces shall ‘be deemed to be specifically reserved for Subtenant. 
  
 14. Roof Rights. Subtenant shall have the right, at its sole cost and expense and subject to Sub landlord’s and Landlord’s approval, to
place satellite dish(es) and antenna(e) together with all wiring or other connections therefore (collectively, the “Roof Items”), on the roof of the Premises. In the event that any such ‘ installation interferes with the operations or
installations of Sub landlord, Subtenant shall, at its sole cost and expense, at Sub landlord’s request, relocate or modify its installation to eliminate any such interference. In the event Sub landlord installs or permits installation by any
person of a similar system on the roof of the Premises, Sub landlord shall cause the same not to interfere with the Roof Items. Landlord and Sub landlord shall, at Subtenant’s cost, cooperate with Subtenant in the procurement of necessary
permits or zoning variances for the Roof Items and execute all documents required to obtain necessary permits or zoning variances. In the event Landlord or Sub landlord contemplates roof repair or requires access which requires temporary removal or
relocation of the Roof Items, or which may result in an interruption in Subtenant’s telecommunication services, Sub landlord shall, if practicable, notify Subtenant at least thirty (30) days prior to such contemplated work in order to allow
Subtenant to make other arrangements for such services. The cost or removal and re-installation of any Roof Items affected thereby shall be borne by Subtenant. Subtenant or its agents or representatives shall, at all times during business hours and
with a representative of Landlord present, be permitted use of and access to the roof for purposes of examination and repair of the Roof Items. Upon termination of the Sublease, Subtenant shall disconnect and remove such Roof Items, and fully repair
and restore the roof to the same condition than prior to installation of the Roof Items, normal wear and tear excepted. Subtenant’s obligations with respect to the Roof Items are identical to Subtenant’s obligations with respect to the
Subleased Premises pursuant to the Sublease, including without limitation maintenance, insurance and indemnification. 
  
 15. Miscellaneous. 
  
 15.1. All notices, requests, demands and other communications hereunder shall be in writing, and shall be deemed to have been delivered upon receipt or
upon refusal of receipt after being sent by nationally recognized overnight delivery service or by United States Mail, postage prepaid, certified, return receipt requested, addressed to the parties at the respective addresses set forth below:

  

	 (1) To Sub landlord at
	 	Wabtec Railway Electronics	 	 
	 	 	5250 N. River Blvd. NE	 	 
	 	 	Cedar Rapids, IA 52411	 	 
	 	 	Attn: Facilities Manager	 	 
	 	 	Fax No. 319-247-6980	 	 

  

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	 With a required copy to
	 	Wabtec Railway Electronics	 	 
	 	 	21200 Dorsey Mill Road	 	 
	 	 	Germantown, MD 20876	 	 
	 	 	Attn: Director, Administration	 	 
	 	 	Fax No. 301-515-2138	 	 
			
	 (2) To Subtenant at
	 	SiRF Technology, Inc.	 	 
	 	 	148 E. Brokaw Road	 	 
	 	 	San Jose, CA 95112	 	 
	 	 	Attn: Director of Facilities	 	 
			
	 (3) To Landlord at
	 	McBride Investments	 	 
	 	 	Attn: Dick McBride	 	 
	 	 	2000 Diamond Ridge, SE	 	 
	 	 	Cedar Rapids, IA 52403	 	 
	 	 	Fax No.	 	 

  
 Or to the respective parties at such
other address for notice as may be specified by notice given pursuant hereto. 
  
 15.2. All of the terms of this Sublease shall be binding upon and inure to the benefit of, and be enforceable by, the successors and assigns of the parties. 
  
 15.3. This Sublease, and any and all attachments hereto, represents the
entire agreement of the parties as to the subject matter hereof and supersedes any previous understandings, either oral or written, between the parties as to the subject matter hereof. 
  
 15.4. Sub landlord and Subtenant hereby warrant and represent to the other that they have not dealt with any broker, agent
or finder in connection with this Sublease. Sub landlord and Subtenant covenant and agree to indemnify and hold the other harmless from and against any and all loss, liability, costs or expenses (including but not limited to attorney’s fees and
expenses and court costs) that may be incurred by the other because of any claim for any fee, commission or similar compensation with respect to this Sublease, made by any broker, agent or finder, claiming by, through or under the indemnifying
party. 
  
 15.5. Submission of this Sublease for review and
examination or Subtenant’s signature does not constitute a reservation of or option to lease, and this Sublease is not effective as a sublease or otherwise until execution and &livery by both Sub landlord and Subtenant. 
  
 15.6. If any action at law or in equity, including an action for declaratory,
relief, is brought by other party hereto to enforce or interpret the provisions of this Sublease, the prevailing party in such action shall be entitled to recover reasonable attorney’s fees from the non-prevailing party, which fees may be sent
by the court in the trial of such action or may be enforced in a separate action for that purpose, and which 
  

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 fees shall be in addition to any other relief which may be awarded in such action. 
  
 15.7. In the event that the date upon which any of the duties or obligations
hereunder to be performed shall occur upon a Saturday, Sunday or legal holiday, then, in such event, the due date for performance of any duty or obligation shall thereupon be automatically extended to the next succeeding business day. 
  
 15.8 This Sublease shall be governed by and interpreted under the laws of the
State of Iowa, except for any laws of such state which would require the application of the laws of another state. 
  
 IN WITNESS WHEREOF, the parties have hereunto set their hands and seals on the date first above written, the corporate parties acting through their
respective duly authorized officers. 
  

	 	  	 SUBLANDLORD:

		
	 ATTEST OR WITNESS:
	  	 WESTINGHOUSE AIR BRAKE
 TECHNOLOGIES, INC.

		
	 Name: /s/ Sandra M. Heifner

	  	 By: /s/ Jeffrey G. Knott

		
	 Title H R ADMINISTRATOR

	  	 Name: Jeffrey G. Knott

		
	 	  	 Title: Director, Train Control communications

		
	 	  	 SUBTENANT:

		
	 ATTEST OR WITNESS:
	  	 SiRF TECHNOLOGY, INC.

		
	 Name:

	  	 By: /s/ Walter D. Amaral

		
	 Title:

	  	 Name: Walter D. Amaral

	 	  	 Title: SR VP & CFO

  

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 Exhibit A 
  
 THE LEASE 
  
 See Attached Document. 

 LEASE AGREEMENT 
  
 THIS LEASE AGREEMENT, made, executed and entered into this      day of
                    , 1998, by and between RICHARD L. McBRIDE and LANA K. McBRIDE d/b/a McBride Investments (hereinafter
“Landlord”), and Westinghouse Air Brake Company, a Delaware corporation, (hereinafter “Tenant”). 
  
 WITNESSETH: 
  
 In consideration of the promises, covenants and agreements of the parties contained and made herein, Landlord hereby leases to Tenant and Tenant hereby leases from Landlord the premises, property and facilities hereinafter described upon
the terms and conditions hereinafter set forth. 
  
 1. LEASED
PREMISES. The premises which is the subject matter of this Lease is situated in the City of Cedar Rapids, Linn’ County, Iowa, and is more particularly described as follows: 
  
 An approximately 36,568 square foot one-story office building to be constructed on an approximately 3.802 acre site on North
River Boulevard, NE on the real estate described below. 
  
 Any reference
hereinafter in this Lease to “leased premises” or “premises” shall mean and refer to the space being leased by Tenant. Any reference hereinafter in this Lease to “real estate” shall mean and refer to Lot 1, River Ridge
North Office Park Fifth Addition to Cedar Rapids, Iowa. 
  
 2.
CONSTRUCTION OF IMPROVEMENTS. Landlord shall construct upon the leased premises improvements as agreed to by Landlord and Tenant. The improvements shall be constructed in accordance with all applicable local, state or Federal laws and
regulations and the Restrictive Covenants as hereinafter defined in a good and workmanlike. manner in substantial accordance with the plans and specifications as mutually agreed to by the parties. Landlord agrees during the warranty period that it
shall enforce for the benefit of Tenant all warranties or other contractual benefits from manufacturers, material suppliers, subcontractors, or others to the extent such are enforceable; after the warranty period Landlord will assign to Tenant all
such warranties or guarantees with reference to items that Tenant is thereafter obligated to maintain. In addition Landlord shall warrant the improvements for a period of one year from the commencement date of this Lease, including both labor and
material. Tenant shall reimburse Landlord for the cost of the construction of the improvements in excess of Two Million Eight Hundred Six Thousand Four Hundred Fifty-one Dollars ($2,806,451.00), which amount shall be paid monthly and amortized over
the initial lease period bearing interest at nine percent (9%) per annum, with interest accruing thereon from and after the date the improvements are completed. The first monthly payment shall be due on the first day of the month after the date on
which the improvements are 

 
completed, or, at the occupancy of Tenant, whichever first occurs. The parties agree that they will execute a Memorandum setting forth the cost of the
improvements, with an amortization schedule attached showing the required payments. 
  
 3. TERM. The initial term of this Lease shall be for a period of fifteen (15) years commencing on the 1st day of May, 1999, or on such date that Tenant may use or occupy the leased premises for its intended
purpose; provided Landlord agrees (i) to substantially complete the Improvements so that Tenant may occupy the same no later than July 1, 1999, and (ii) to fully complete the Improvements by not later than September 1, 1999, which final completion
shall be evidenced by (a) a certificate from Landlord’s architect that all work was completed in accord with the plans and specifications and (b) delivery to Tenant of final occupancy certificates from all applicable governmental bodies.

  
 Landlord hereby grants to Tenant the option to extend this
Lease for one (1) additional five (5) year period upon the same conditions and terms which were in effect during the original term except as noted hereinafter. Written notice of the exercise of said option by Tenant must be received by Landlord no
later than six (6) months prior to termination of the original term. 
  
 4. RENTAL. Tenant shall pay to Landlord as annual base rental for the premises during the first five (5) years of this Lease an annual base rent of. Two Hundred Ninety-six Thousand One Hundred Sixty Dollars ($296,160.00), payable
monthly in advance at such place as may be designated by Landlord. Rent shall commence on the date Landlord delivers possession of the premises to Tenant, and if it-is a date other than the first day of the month, the first month’s rent shall
be prorated. 
  
 The annual base rent shall be adjusted effective
as of the first day of the sixth year of the Lease, and as of the first day of each year thereafter based upon seventy-five .percent (75%) of the increase or decrease in the cost of living in relation to the base rent. Such increase or decrease
shall be determined by utilizing as the “base index” the Consumer Price Index for All Urban Consumers (CPI-U) published monthly by the Bureau of Labor Statistics of the U.S. Department of Labor for the month of May, 1999, and utilizing for
determining the initial cost of living increase the CPI-U for the month of May, 2004, and the month of May for each year thereafter . If the CPI-U index is discontinued during the term of this Lease, then in order to carry out the purpose and intent
of this paragraph, the parties agree to select and agree upon and conform to a price index-or standard which is most nearly like the one herein adopted, or in the event of a revision thereof providing a different base period, the formula herein
adopted will be amended to conform with a conversion of said figures. Until such new index or standard is agreed upon or the conversion is standardized, as the case may be, the rental due shall be the last in force prior to discontinuance of said
price index herein adopted as a basis or the revision thereof. After such new index or standard or conversion is determined, the rent shall be retroactively adjusted and any additional amounts due shall be paid with the next rental payment.
Notwithstanding the fact that the 
  

 2 

 adjustment(s) may result in a decrease, the effective Lease rate shall never be based upon a rate which is less than the
original base annual rent. 
  
 In those years in which the
interest rate on Landlord’s mortgage encumbering the real estate is adjusted, the base annual rent shall be adjusted based upon 100% of the increase or decrease of the mortgage interest rate (as and when the mortgage interest rate adjustment
occurs) as well as the CPI index adjustment set forth hereinabove, provided there shall be no adjustment in the interest rate on Landlord’s mortgage during the initial five (5) lease years. 
  
 5. NET RENTAL. It is the intention of the parties hereto that this
Lease is a “triple net Lease” and that the rentals payable to Landlord shall, except for those specifically identified obligations of Landlord set forth in paragraph 14 below, be a net rental and Tenant, as hereinafter more particularly
set forth, shall pay any and all taxes, costs and expenses arising from the use and occupancy of the leased premises. If a sales tax or other similar tax . is imposed against Landlord on the rentals due pursuant to this Lease Agreement during the
term of this Lease or any extension thereof, Tenant shall pay as additional rent such tax as may be imposed. In no event, however, shall Tenant be required to pay any income tax based on the receipt of the rentals by Landlord. 
  
 6. TAXES. Tenant shall have the responsibility of paying, as
additional rent, all real estate taxes, special assessments or similar charges levied against the leased premises and the improvements thereon by virtue of any present or future law of the United States of America, the State of Iowa, any county or
municipality, or any political subdivision of any of the aforesaid. On the first day of each month, Tenant shall pay to Landlord, as additional rent, one twelfth (1/12) of the estimated real estate taxes, special assessments, or other charges to
become due during the following twelve (12) month period, which funds shall be applied by Landlord to payment of said taxes as the same become due and payable. Landlord will maintain such payments in a non-interest bearing account. Estimated tax
payments will be made on the best information currently available. As of the end of each fiscal tax year, any overpayments will be credited and any underpayment will be added in computing the estimated taxes to be paid for the following fiscal tax
year. As a new millage rate becomes known or a new assessed value becomes known, the same adjustments will be made as outlined above. Tenant shall have the responsibility of paying any increase in the real estate taxes caused by any other
improvements constructed by or at the direction of Tenant. In the event Landlord pays any taxes, assessments, or charges from the funds in its possession, it will furnish Tenant with receipts showing the payments made. In the event Landlord fails to
properly apply any funds in its possession to the payment of taxes, Tenant may pay the same and deduct the amount thereof, together with interest thereon at the rate of twelve percent (12%) per annum until fully repaid, from the rentals payable
hereunder. Taxes payable under the provisions of this paragraph shall be prorated as of the date tills Lease commences. Taxes payable for the year the Lease terminates shall be prorated as of the date the Lease expires and Tenant’s share of
those taxes shall be due and payable with the final month’s rent 

  

 3 

 
payment. In the event any special assessments are made against the premises payable in annual installments at the option of the taxpayer, Tenant will only be
obligated to pay such installments, together with interest or other carrying charge, as shall become due and payable during the Lease term. 
  
 Tenant shall have the right to contest or review by legal proceedings or in such other manner as may be legal (which, if instituted, shall be conducted
promptly at Tenant’s own expense) any tax or assessment. 
  
 7. FIRE AND CASUALTY INSURANCE. Tenant shall have the responsibility of obtaining and paying the expense of keeping all buildings and improvements affixed to said premises and all furnishings, fixtures and equipment located thereon
insured at all times against loss by fire, windstorm, lightning, tornado and other hazards and casualties to Full Replacement Cost. Said policy shall provide that full replacement value (without deduction for depreciation), which amount for the
initial term of this Lease shall be Two Million Eight. Hundred Six Thousand Four Hundred Fifty-one Dollars ($2,806,451.00), shall also apply if the building or improvements must be rebuilt at a different location due to the then applicable laws,
statutes or ordinances. In the event of the destruction of or damage to the leased premises by fire or other casualty, the proceeds from said insurance. will be used to replace, restore and repair the leased premises. 
  
 8. DESTRUCTION OF PREMISES. Tenant shall give immediate written notice
to Landlord of any damage caused to the premises by fire or any other casualty. In the event of a partial destruction or damage of the leased premises, which is a business interference, that is, which prevents the conducting of a normal business
operation and which damage is reasonable repairable within ninety (90) days after its occurrence, this Lease shall not terminate but the rent for the leased premises shall abate during the time of such business interference. In the event of partial
destruction, Landlord shall repair such damages within ninety (90) days of its occurrence unless and only to the extent prevented from so doing by acts of God, the elements, the public enemy, strikes, riots, insurrection, government regulations,
city ordinances, labor, material or transportation shortages, or other causes beyond Landlord’s reasonable control. 
  
 In the event of a total destruction or damage of the leased premise so that Tenant is not able to conduct its business on the premises or the then current
legal use for which the premises are being used and which damages cannot be repaired within ninety (90) days, this Lease may be terminated at the option of either Landlord or Tenant. Such termination in such event shall be effected by written notice
of one party to the other, within forty-five (45) days after such destruction. Tenant shall surrender possession within ten (10) days after such notice issues, and each party shall be released from all future obligations hereunder, Tenant paying
rental pro rata only to the date of such destruction. In the event of such termination of this Lease, Landlord at its option, may rebuild or not, according to its own 
  

 4 

 wishes and needs. If this Lease is not so terminated, Landlord shall promptly commence such repairs, restoration or
rebuilding and shall diligently prosecute the same to completion. 
  
 In the event of a total destruction or damage of the leased premise as described hereinabove, and not withstanding existence of default hereunder, Tenant shall have the right to exercise the “Purchase Option” set forth in
paragraph 40 hereinafter, not withstanding any limitations on the timing to exercise such option otherwise set forth in paragraph 40. If this option is exercised after the 30th month of this Lease, the purchase price shall be determined as set forth
in the second paragraph of paragraph 40 hereinafter (otherwise it will be determined in accordance with the first paragraph of paragraph 40) with the Closing as set forth in the third paragraph of paragraph 40 hereinafter to be held within 90 days
after written notice. If Tenant exercises the option hereunder all insurance proceeds shall be paid to Tenant (or the rights thereto assigned to Tenant). 
  
 9. LIABILITY INSURANCE. Tenant shall, at its expense, maintain . comprehensive general public liability insurance. Such insurance shall have limits
of not less than One Million Dollars ($1,000,000.00) for personal injury sustained by any one (1) person, Two Million Dollars ($2,000,000.00) for personal injury sustained in any one (1) accident; and Two Hundred Thousand Dollars ($200,000.00) for
property damage in any one (1) accident. Landlord shall name Tenant as an additional insured on Landlord’s standard liability policy and will deliver a copy of same within ten (10) days of execution of this Lease and will not reduce the amount
thereof without Tenant’s written consent, which consent will not be unreasonably withheld. 
  
 10. GENERAL INSURANCE PROVISIONS. All insurance required to be maintained by Tenant under the terms of this Lease shall name Landlord as an insured
party and shall be in such companies and in such form as shall be acceptable to Landlord. Such policies shall contain an agreement by the insurance company that such policy or policies shall not be canceled without at least ten (10) days prior
written notice to Landlord. Tenant shall deliver to Landlord copies of insurance policies in force or appropriate certificates of insurance and shall furnish Landlord with proof that such policies have been renewed at least ten (10) days prior to
their expiration date. 
  
 11. USE OF PREMISES. Tenant may
use and occupy the subject premises for office and engineering purposes together with related laboratories, and storage of materials and related maintenance purposes and for any other legal purpose that does not violate the Restrictive Covenants
which affect the real estate. Tenant shall not use or knowingly permit any part of such premises, property or facilities to be used or occupied for any unlawful purpose. Tenant shall, at Tenant’s own cost and expense, procure each and every
permit, license, certificate or other authorization required in connection with the lawful and proper use 

  

 5 

 
of the leased premises or required in connection with any building or improvements now or hereafter erected on the leased premises other than the occupancy
certificate which is to be provided by Landlord. Landlord shall cooperate with Tenant and join in the execution of necessary applications and other documents. 
  

Except to the extent resulting from breach or default by Landlord, Tenant shall make all repairs, alterations, additions or replacements to the leased
premises, whether interior or exterior, structural or nonstructural, required by any law or ordinance or any order or regulation of any public authority necessary because of Tenant’s use of the leased premises and to keep the leased premix :s
equipped with all safety appliances so required because of such use or occupancy. 
  
 12. UTILITIES. Tenant shall, at its own expense, pay for all utilities serving the leased premises. 
  
 13. ACCEPTANCE AND CONDITION OF PREMISES. Landlord shall give Tenant written notice of the date on which the Landlord’s construction will be
completed. Within.. thirty (30) days after receipt of said completion notice Tenant shall inspect .the condition of the leased premises and give Landlord written notice of either accepting the leased premises or notifying Landlord in writing of any
patent changes Tenant deems necessary and agreed upon by the Landlord and Tenant; nothing herein shall release Landlord for its failure to complete construction in accordance with the approved plans and specifications and in accordance with all laws
and regulations. 
  
 14. CARE AND MAINTENANCE OF PREMISES AND
REAL ESTATE. 
  
 (a) LANDLORD’S DUTY OF CARE AND
MAINTENANCE. Landlord will keep the roof, structural part of the floor, structural part of the exterior walls and other structural supporting parts of the building in good repair, excepting only for damage caused by Tenant’s negligence.
Landlord shall also be responsible for any repairs of damage caused by the negligence or wrongful acts or omissions of Landlord, its agents, employees or contractors. 
  
 (b) TENANT’S DUTY OF CARE AND MAINTENANCE. Tenant shall, after taking possession of said premises and until the
termination of this Lease and the actual removal from the premises, at its own expense, care for and maintain said premises in a reasonably safe and serviceable condition, except for(a) Landlord’s obligations as set forth in paragraph 14(a)
hereinabove, (b) latent defects, (c) matters arising during Landlord’s warranty period, or (d) as otherwise provided herein. Tenant will furnish its own interior and exterior decorating. Tenant will not permit or allow said premises to be
damaged or depreciated in value by any wrongful act or negligence of Tenant, its agents or employees. Without limiting the generally of the foregoing, Tenant will make necessary repairs and replacements to the sewer, the plumbing, the water pipes,
HVAC systems, electrical wiring, fire sprinkler system, 

  

 6 

 
and lawn sprinkler system and Tenant agrees to keep faucets closed so as to prevent waste of water and flooding of premises; to promptly take care of any
leakage or stoppage in any of the water, gas or waste pipes. Subject to force majeure Tenant agrees to maintain adequate heat to prevent freezing of pipes. Tenant at its own expense may install replacement floor covering and will maintain such floor
covering in good condition. Tenant will be responsible for the plate glass in the windows of the leased premises and for maintaining the parking area, driveways, sidewalks, and other common areas on and abutting the real estate, including snow
removal and lawn and landscape maintenance (including lawn sprinkler system). Tenant shall make all necessary repairs and replacements at its own expense. Tenant shall not make any material structural alterations to the leased premises without first
obtaining the written consent of Landlord which consent shall not be unreasonably withheld. In making any repairs, replacements or material alterations to the premises, Tenant agrees to use materials and workmanship of a quality and class at least
equal to the original construction. Tenant agrees that at termination of the Lease, the property herein leased shall be returned in a state of good and reasonable repair, ordinary wear, tear and casualty excepted provided, however, that in any event
all heating, air conditioning and other mechanical equipment shall be in good working order. 
  
 15. MECHANICS LIENS. In the event any mechanic’s lien shall arise or. be claimed upon the subject premises against either Tenant or Landlord on account of material furnished or labor or work performed by
either under the rights and obligations of either under this Lease Agreement,, and a mechanic’s lien be filed or an action be brought for the foreclosure of any such lien against either Tenant or Landlord, or both, then Tenant and Landlord each
agree to either pay and cause such lien to be released or to post with the other an indemnification bond to secure and protect the other’s interest in the subject premises, in an amount and with sureties to be approved by the other, which
approval shall not be unreasonably withheld. 
  
 16. TRANSFER
OF LEASEHOLD INTEREST. Tenant shall not assign, transfer, mortgage or pledge this Lease Agreement or any renewal or extension thereof, or any part thereof, without the written consent of Landlord. for each such instance, which consent will not
unreasonably be withheld except that, without such consent, Tenant may assign its rights under this Lease to any corporation affiliated with Tenant or to any entity which succeeds to the ownership of the capital stock or assets of Tenant, or into
which Tenant is merged, but any such assignment shall not relieve Tenant of any of its obligations under this Lease and any surviving entity shall continue to operate the business of Tenant as a going concern. No written consent by Landlord to any
assignment, transfer, mortgage, pledge or subletting shall release Tenant from the liability for the full performance of all of Tenant’s agreements hereunder, unless otherwise expressly provided in such written consent. Tenant further agrees
not to suffer or permit the transfer or assignment of this Lease or any part thereof or interest therein by operation of law. 
  

 7 

 17. INSPECTION OF PREMISES. Landlord, its agents and employees, shall have the right to enter upon
the premises at reasonable times for the purpose of inspecting the same or to make such repairs, additions or betterments as Landlord may see fit to make for the safety, improvement or preservation thereof or any other reasonable purpose. Landlord
agrees that these inspections and any resulting necessary repairs shall be coordinated with Tenant to have a minimal impact on Tenant’s operation and in the absence of an emergency require not less than three (3) business days’ advance
written notice to Tenant. 
  
 18. SUBORDINATION. Tenant
will, upon request by Landlord, subject and subordinate this Lease to any and all mortgages and deeds of trust now existing or hereafter placed on the Land; provided, however, that such subordination shall be upon the express condition that this
Lease shall be recognized by the mortgagee or trustee under the mortgage or deed of trust and that the rights of Tenant hereunder shall remain in full force and effect during the Term of this Lease so long as Tenant is not in default under this
Lease beyond the expiration of any applicable cure period. Subject to receipt of such recognition and agreement not to disturb Tenant, Tenant agrees that this Lease shall remain in full force and effect notwithstanding any default or foreclosure
under any such mortgage or deed of trust. Tenant will, upon request by Landlord, execute and deliver to Landlord instrument(s) in recordable form reasonably required to give effect to the provisions of this Section. Landlord will, upon request by
Tenant, cause to be executed and delivered to Tenant instrument(s) in recordable form reasonably required to effect the recognition of Tenant’s rights hereunder by the holders of all such mortgages and deeds of trust whether or not Tenant has
been requested to subordinate this Lease to such mortgages or deeds of trust. 
  
 19. RIGHT TO CURE DEFAULTS. In the event Tenant, after ten (10) days written notice in case of a default involving the payment of money or thirty (30) days written notice in other cases of default, but subject
to extension in the event of force majeure, shall fail to pay taxes, special, assessments or other charges, fail to keep required insurance in full force and effect, or fail to effect necessary repairs and/or replacements, or become in default in
any other manner, Landlord may, but need not, pay such taxes, assessments, charges, insurance premiums or make such necessary repairs and/or replacements as provided for in paragraph 14 or otherwise cure any existing default, and all sums paid or
expenses incurred by Landlord shall be deemed additional rent and shall be added to*the next subsequent monthly installments of rent due and payable under this Lease. Nothing in this paragraph shall limit or modify Landlord’s rights or
Tenant’s responsibilities under paragraph 14. . 
  
 20.
INTEREST AND OTHER CHARGES. Any sums owed by Tenant under the terms of this Lease, if not paid when the same shall become due and payable, shall bear interest at the rate of twelve percent (12%) per annum, from the due date thereof. Landlord
agrees to provide Tenant with written notice within sixty (60) days of any interest owing on account of any rental sum paid -hereunder after its due date. In the event any action is commenced in any Court for the collection of rent or to enforce any
of the other provisions of this Lease, Tenant shall pay and have taxed as part of the costs, reasonable attorneys fees in 

  

 8 

 
favor of Landlord. Tenant agrees that in the event any payment due hereunder has not been made within ten (10) days after due, it shall remit to Landlord a
late charge equal to two percent (2%) of the amount due. 
  
 21.
DEFAULT. In the event of any breach by Tenant of any of the covenants, agreements and conditions of this Lease or if Tenant shall abandon or vacate the leased premises before the end of the term of the Lease, or if Tenant shall become
insolvent, or shall be adjudicated bankrupt, or if Tenant’s property located on the leased premises shall be levied upon on execution which levy is not discharged or bonded over in sixty (60) days, or if any lien against Tenant’s property
located upon the leased premises shall not be released within sixty (60) days, then and in any of said events, all of the indebtedness of Tenant to Landlord under this Lease, upon ten (10) days written notice in case of a default involving the
payment of money or thirty (30) days written notice in other cases of default (but subject to extension in the event of force majeure), shall become immediately due and payable, and Landlord thereupon: 
  

	 	a.	shall have the right to enforce the payment of said indebtedness by foreclosure of the liens securing the same, and/or 

  

	 	b.	shall have the right, without further notice, to declare a forfeiture and termination of this Lease and of all rights of Tenant hereunder, and shall the right to remove Tenant from
said premises, and/or 

  

	 	c.	shall have the right, without further notice and without declaring forfeiture and termination of this Lease, to take possession of said premises and relet the same in
Landlord’s name for such rent and upon such terms as Landlord may determine and to apply said rent upon the amount owing by Tenant hereunder. Tenant shall remain liable for any deficiency in the total rentals received by Landlord.

  
 The aforesaid rights of Landlord shall not be exclusive of each
other nor of any other rights and remedies which Landlord may have at any time under the laws of the State of Iowa or this Lease Agreement, but shall be cumulative. 
  
 22. EMINENT DOMAIN. If any or part of the leased premises shall be taken for any public or quasi-public use under any
statute, or by right of eminent domain, or by private purchase in lieu thereof, this Lease shall terminate as to such portion so taken and Landlord and Tenant shall pursue their respective rights against the acquiring authority independently of each
other but no such claim by Tenant shall diminish or otherwise adversely -affect ‘Landlord’s award. Tenant shall have no right or claim to any portion of Landlord’s award for the taking of its right, title or interest in the leased
premises nor shall Landlord have any right or claim to any portion of Tenant’s award for the taking of its property, its leasehold 

  

 9 

 
improvements or for the value of its leasehold interest taken In the event of a partial taking, Tenant shall continue to utilize said premises for the
operation of their business to the extent that it may be practicable to do so from the standpoint of good business, and in such event rentals shall abate from the time of such taking until the remainder of the premises have been restored, except to
the extent that Tenant continues or resumes doing business from part of the promises, in which case the rent will be equitably reduced. In the event the taking is of such extent that Tenant cannot operate its business on the premises Tenant may
terminate this Lease. 
  
 In the event the taking is of such
extent that Tenant cannot operate its business on the leased premises, and not withstanding existence of default hereunder, Tenant shat: have the right to exercise the “Purchase Option” set forth in paragraph 40 hereinafter not
withstanding any limitations on timing to exercise such options otherwise set forth in paragraph 40. If this option is exercised after the 30th month of this Lease, the purchase price shall be determined as set forth in the second paragraph of
paragraph 40 hereinafter (otherwise it will be determined in accordance with first paragraph of paragraph 40) with the Closing as set forth in the third paragraph of paragraph 40 hereinafter to be held within ninety (90) days after written notice.
If Tenant exercises the option hereunder all condemnation proceeds shall be paid to Tenant or the rights thereto assigned to Tenant. 
  
 23. TERMINATION DAMAGES. Upon termination of this Lease or any extension thereof,. if Tenant is not then in default, Tenant may remove its
furniture, furnishings, fixtures, equipment and other property located upon and installed in the subject premises at Tenant’s expense, except as hereinbefore and otherwise provided. Tenant shall repair any damage to the subject premises
occasioned by such removal and restore said premises to the condition prior to its tenancy, reasonable wear and tear and casualty damage excepted. 
  
 24. SIGNS. Tenant may, at its own cost and expense, attach or attach to the exterior of the building signs or insignia which shall be in compliance
with the rules, regulations, ordinances and statutes of the City of Cedar Rapids, the State of Iowa and any applicable restrictive covenants. All signs to be affixed to the building or otherwise located upon the leased premises shall be subject to
the approval of Landlord, which approval will not be unreasonably withheld. 
  
 25. ENVIRONMENTAL. Tenant will not, during the term of this Lease and in connection with the use of the leased premises, engage in the business of generating, transporting, storing, treating or disposing of any
material or substance designated or classified as a hazardous substance, waste or contaminant by any federal, state or local statute or ordinance or by any rule or regulation promulgated or adopted, pursuant thereto, including but not limited to,
petroleum, asbestos, “PCB”s and radioactive materials or waste (“Hazardous Materials”) on the property. Tenant shall not permit the leased premises to be used for the storing or disposal of waste or for storing or disposal of
Hazardous Materials and will not 

  

 10 

 
permit the leased premises nor any of its various components to emit any Hazardous Materials, provided that the foregoing shall not prohibit lawful storage
and use of material incidental to Tenant’s business. Tenant shall indemnify and hold Landlord harmless from any damages or claims arising from a breach of this provision. Landlord shall indemnify and hold Tenant harmless from any and all
damages or claims arising from conditions relating to the storage, handling or disposal of hazardous substances or materials which existed on the property prior to the initial lease term or otherwise caused by Landlord, its agents, employees or
contractors. 
  
 26. REPRESENTATIONS. Landlord and its
agent have not made any representations with respect to the subject premises, property and facilities, the land upon which the same are located, by implication or otherwise, except as expressly set forth herein and in the other provisions of this
Lease Agreement. 
  
 Landlord hereby represents, warrants and
covenants that: 
  
 (i) Landlord shall complete the improvements
and other work to be constructed by Landlord in accordance with the terms hereof; 
  
 (ii) Landlord has received all consents and permits under the Restrictive Covenants to construct the improvements and such improvements, when constructed, will not violate the Restrictive Covenants; 
  
 (iii) The use by Tenant of the Leased Premises for office and engineering
purposes, together with related laboratories and storage and maintenance will not violate the Restrictive Covenants nor any zoning laws or applicable governmental regulation; 
  
 (iv) Landlord will not grant any easements or rights with reference thereto after the date hereof without the consent of
Tenant, which consent shall not be unreasonably withheld; 
  
 (v)
Within ten (10) days after delivery of possession of the Leased Premises to Tenant, Landlord will provide to Tenant as-built drawings of the real estate and Leased Premises; 
  
 (vi) Landlord has no knowledge of the existence of any hazardous substance or other violations of any environmental law at,
in or under the real estate or the Leased Premises. 
  
 27.
ENTIRE AGREEMENT AND CHANGES. This Lease Agreement in itself contains the entire agreement between Landlord and Tenant and can only be changed and modified in writing between them. 
  

 11 

 28. LAW APPLICABLE AND INVALIDITY. This Lease Agreement shall be deemed to have been made in the
State of Iowa and shall be construed according to the laws of said State. If any provisions of this Lease Agreement shall. for any reason be held to be invalid or unenforceable, such invalidity or unenforceability shall not affect any other
provisions hereof, and said Lease Agreement shall be construed as if such invalid or unenforceable provision had never been contained herein. 
  
 29. NOTICES. Any notice required to be given under this Lease Agreement or which may be given, though not required, shall be in writing and shall
be deemed duly served if mailed by certified mail, in case of notice to Tenant, to the address of the leased premises, and in case of notice to Landlord, to the place at which the rent is then being paid. Either party may change the address to which
notices shall be sent by giving written notice of such change to the other. Personal service of any such notice may be made in lieu of service by mail, provided that such personal service is made upon an officer or designated agent of Landlord or is
made upon an officer or designated agent of Tenant. 
  
 30.
QUIET ENJOYMENT. Landlord covenants that it has full authority to execute this Lease Agreement and that Tenant, upon paying the rentals herein provided and performing its obligations under this Lease Agreement, shall quietly have, hold and
enjoy the leased premises during -the term hereof, subject to the provisions herein contained. 
  
 Landlord shall have the right to mortgage all of its right, title and interest in and to the real estate, including the leased premises, at any time without notice, subject to this Lease. 
  
 31. WAIVER OF BREACH. It is further covenanted and agreed by and
between the parties that no waiver of a breach of any of the covenants of this Lease Agreement nor any payment by Landlord of any sums due and payable by Tenant nor ‘the performance by Landlord of any act which is the duty and obligation of
Tenant under the terms of this Lease Agreement, shall be construed to be a waiver of any succeeding breach of the same or any*other covenant, and that the failure of Landlord to insist upon strict performance of any of the covenants or conditions or
provisions of this Lease Agreement or to exercise any option herein conferred in any one or more instances; shall not be construed to be a waiver of or relinquishment for the future of any such covenants, conditions or options but the same shall
remain in full force and effect. It is further covenanted and agreed that the acceptance of or collection of rent by Landlord from any subtenant, assignee or transferee of this Lease or from any successor to Tenant’s interest therein, even
though with full notice thereof, shall not constitute a consent thereby by Landlord or waive any rights of Landlord arising out of any such unauthorized subletting, assignment or transfer. 
  
 32. MUTUAL INDEMNIFICATION. Landlord hereby releases and agrees to
defend, indemnify and hold harmless Tenant from and against any and all claims, actions, damages, liability and expense (including reasonable attorneys’ fees) in connection with loss 

  

 12 

 
of life, personal injury and/or damage to property occasioned by any act or omission of Landlord, its agents, contractors, employees or invitees. Tenant
hereby releases and agrees to defend, indemnify and hold harmless Landlord from and against any and all claims, actions, damages, liability and expense (including reasonable attorneys’ fees) in connection with loss of life, personal injury
and/or damage to property occasioned by any act or omission of Tenant, its agents, contractors, employees, or invitees. 
  
 33. ACCORD AND SATISFACTION. No payment by Tenant or receipt by Landlord of a lesser amount than the monthly rent herein stipulated shall be deemed
to be other than on account of the earliest stipulated rent, nor shall any endorsement or statement on any check or any letter accompanying any check or payment as rent be deemed an accord and satisfaction, and Landlord’s right to recover the
balance of such rent or pursue any other remedy in this Lease provided. 
  
 34. HOLDING OVER. In the event Tenant, with Landlord’s consent, remains in possession of the premises after the expiration or termination of the term of this Lease, and without the execution of a new Lease, Tenant shall be
deemed to be occupying the premises as a Tenant from month-to-month at a rental equal to the last month of the Lease term, and otherwise subject to all conditions, provisions, and obligations of this Lease insofar as the same are applicable to a
month-to-month tenancy. 
  
 35. “LANDLORD” MEANS
“OWNER”. The term “Landlord”, as used in this Lease, so far as covenants or obligations on the part of Landlord are concerned, shall be limited to mean and include only the owner or owners at the time in question of the fee
title to the premises and in the event of any transfer or transfers of the title to such fee to an unrelated person or entity for value, Landlord herein named (and in the case of any subsequent transfer or conveyance, the then grantor) shall be
automatically freed and relieved, from and after the date of such transfer or conveyance, of all liability as respects the performance of any covenants or obligations on the part of the Landlord contained in this Lease thereafter to be performed;
provided that any funds in the hands of such Landlord or the then grantor at the time of such transfer, in which Tenant has an interest, shall be turned over to the grantee, and any amount then due and payable to Tenant by Landlord, or the then
grantor under any provisions of this Lease, shall be paid to Tenant, and provided further that Richard L. McBride and Lana K. McBride d/b/a McBride Investments shall not transfer or convey their interest in and to the leased premises prior to the
commencement date of this Lease. 
  
 36. TENANT’S
AUTHORITY TO EXECUTE THIS LEASE. Tenant warrants and represents to Landlord that: 
  

	 	a.	Tenant is a corporation duly organized and validly existing in good standing under the laws of the State of Delaware, and has full right, power, and authority to enter into this
Lease and consummate all of the terms and provisions thereof; 

  

 13 

	 	b.	The execution and delivery by Tenant of this Lease will not result in any breach or violation of or default under or be in conflict with any agreement or other instrument to which
Tenant is a party or by which it is bound and does not require the approval of any administrative agency or court; 

  

	 	c.	The execution and delivery of this Lease has been duly authorized and this Lease is valid and binding upon Tenant. 

  
 37. RELATIONSHIP OF PARTIES. It is agreed that nothing contained in
this Lease Agreement shall be deemed or construed as creating a partnership or joint venture between Landlord and Tenant or between Landlord and any other party, or cause Landlord to be responsible in any way for the debts or obligations of Tenant
or any other party. 
  
 38. GENERAL PROVISIONS. Words and
phrases herein shall be construed as in the singular or plural number and as masculine, feminine or neuter gender, according to context. 
  
 39. SUCCESSORS IN INTEREST. This Lease Agreement shall be binding upon the parties hereto, their heirs, beneficiaries, legal representatives,
successors and assigns. 
  
 40. PURCHASE OPTION. During the
period beginning after the twelfth (12th) month from the Lease commencement date and ending on the last day of the eighteenth (18th) month of the Lease term (the first “Option Period”), Tenant shall have the option to purchase the real
estate upon which the leased premises is located and all improvements thereon. The purchase price shall be Two Million Eight Hundred Six Thousand Four Hundred Fifty-one Dollars ($2,806,451.00), subject to any Increase or decrease due to construction
changes requested by Tenant and accepted by Landlord. 
  
 During
the period beginning after the thirtieth (30th) month from the Lease commencement date and ending on the last day of the thirty-sixth (36th) month of the Lease term and during the period beginning after the fifty-fourth (54th) month from the Lease
commencement date and ending on the last day of the sixtieth (60th) month of the Lease term .(the second and third “Option Period”), Tenant shall have the option to purchase the real estate upon which the leased premises is located and all
Improvements thereon. The purchase price shall be Two Million Eight Hundred Six Thousand Four Hundred Fifty-one Dollars {$2,806,451.00) (subject to any increase or decrease due to construction changes requested by Tenant and accepted by Landlord)
multiplied by the greater of (1) four percent (4%) per year compounded, or (ii) seventy-five percent (75%) of the increase in the Consumer Price Index for All Urban Consumers (CPI-U) published by the Bureau of Labor Statistics of the U.S. Department
of Labor from the eighteenth month of the Lease term through the month ending two (2) months prior to the month of closing. 
  

 14 

 These options to purchase may be exercised by Tenant delivering to Landlord during the applicable Option
Period a written notice of its intent to purchase at least three (3) months prior to the date of Closing, which closing date shall be on the last day of the applicable Option Period. As soon as possible after Tenant’s exercise of this purchase
option Landlord shall provide Tenant an abstract of title extended to date. At Closing Landlord shall convey to Tenant good and marketable title to the premises free and clear of all liens and encumbrances, except for easements, and covenants and
restrictions of record on the date hereof as set forth on Exhibit “B” attached hereto and as shown on the final plat of the real estate and specifically excluding any mortgages or monetary liens which shall be paid by Landlord at. Closing.
Except as set forth below or otherwise herein, Tenant may not exercise this purchase option if at the time of such exercise Tenant is in default under the terms of this Lease, and such default is not cured within the applicable cure periods set out
in this Lease. However, if Tenant defaults under the Lease during the applicable Option Period, and the default is not cured within the applicable cure period, Tenant’s option under this paragraph shall not expire if Tenant notifies Landlord,
within said applicable cure period, of the exercise of its option to purchase. In such event, Tenant shall purchase the real estate within seventy-five (75) days of the date of the original written notice of default from Landlord, and the purchase
price set out above shall be increased by an amount equal to all delinquent sums due under the Lease through the date of closing. 
  
 41. RESTRICTIVE COVENANTS. Tenant’s attention is called to existing “Restrictive Covenants” upon the real estate property where the
improvements are to be constructed. A copy of the “Restrictive Covenants” are hereby attached to and made a part of this Lease as Exhibit “A”. Where terms and conditions of this Lease conflict with the “Restrictive
Covenants”, the requirements of the “Restrictive Covenants” will prevail. 
  
 IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of the date first set forth herein. 
  

	 MCBRIDE INVESTMENTS – Landlord

		
	 By:
	 	  

	 	 	         Richard L. McBride

		
	 By:
	 	  

	 	 	         Lana K. McBride

	
	 WESTINGHOUSE AIR BRAKE COMPANY - Tenant

		
	 By:
	 	 /s/ A. Garcia-Tunon

	
	 A.
Garcia-Tunon                   VP

	 Printed
Name                                 Title

  

 15 

 LANDLORD 
  

State of Iowa 
  
                                        
                                         ss:

  
 County of Linn 
  
 On this day of
                    , 19    , before me, the undersigned, a Notary public in and for said County and State,
personally appeared Richard L. McBride and Lana K. McBride, to me personally known, who being by me duly sworn, did say that they are the individuals executing the within and foregoing instrument and acknowledged that they executed the same as their
voluntary act and deed. 
  

	  

 Notary Public in and for said County and State

  
 TENANT

  
 State of: Pennsylvania 
  
                                        
                                         Ss

  
 County of: Allegheny 
  
 On this 23rd day of December, 1998, before me, the undersigned, a Notary Public in and for said County and State, personally appeared A. Garcia-Tunon, to me personally
known, who being by me duly sworn, did say that he is the Vice President of, said corporation executing the within and foregoing instrument, that the seal affixed thereto (if one has been obtained) is the seal of said corporation; that said
instrument was signed (and seal on behalf of said corporation by authority of its Board of Directors; and that the said A. Garcia-Tunon as such officer acknowledged the execution of said instrument to be the voluntary act and deed of said
corporation by it and by them voluntarily executed. 
  
 (SEAL)  

 

	 /s/ Phyllis M. Sabol

	 Notary Public in and for said County and State

  

 16 

 Restrictive Covenants 
  
 The undersigned, PFL Life Insurance Company, being the Developer and Owner in fee (herein referred to as the Developer) of River Ridge North
Office Park Fifth Addition, Lot 1 (hereinafter referred to as the “Lot”) located in the City of Cedar Rapids, Lion County, Iowa, in order to establish and maintain the character and quality of the Lot, does hereby impress upon the Lot and
upon the persons and entities who may hereafter purchase the Lot from the Developer or subsequent Owners, or any right title or interest therein, of any nature whatsoever, regardless of the manner by which such ownership or interest be acquired
(hereinafter referred to as “Owners”), the following conditions and restrictions upon the future use of the Lot. 
  
 1. Use. 
  
 A. Approved Uses. Subject to applicable zoning restrictions and to specific prohibited uses as set forth in sub-paragraph D below, uses which are approved
for the Lot include, 
  

	 	1.	Office buildings, including banks and other functional institutions. 

  

	 	2.	Professional services, including outpatient medical clinics and laboratories. 

  

	 	3.	Commercial uses, including wholesale and retail sales of goods and services. 

  

	 	4.	Recreational services, including restaurants, taverns, health clubs, non profit lodges and clubs, theaters, handball and racquetball courts. 

  
 B. Conditional Uses. The Lot may be used for single occupancy warehouse,
distribution or light manufacturing provided that the building(s) present the general appearance of an office building from the street and from adjoining properties and provided that the Owner shall deliver assurances as may be deemed necessary or
desirable to the Developer that none of the prohibitions as set forth in sub-paragraph D below concerning noise, fumes, pollutants, etc. will be violated by such sue. No multi-tenant warehouse, distribution or light manufacturing shall be permitted
without the written consent of Developer. 
  
 C. Other Uses. Other
uses that the Developer specifically approves in writing which, in the sole opinion of the Developer will enhance the development area as a whole and will not conflict with other uses either envisioned herein or currently in place. 
  
 D. Prohibited Uses. No use of the Lot shall be permitted which is offensive
by reason of odor, fumes, dust, smoke, noise or other pollution, nor shall any use be permitted which is hazardous by reason of excessive danger of fire or explosion, which may be injurious to any property or persons on or about the Lot or that is
in violation of the applicable laws or regulations of any governmental authority. For purposes of these restrictions, any odor which is noticeable at the Lot line and any dust, smoke or other airborne pollutants visible outside of a building shall
be considered offensive. Any noise shall be considered offensive if audible above 60 decibels (d.b.a) at the Lot line. 
  
 Uses that are prohibited include the following: 
  

	 	1.	Automobile service centers, gas stations, parking lots or equipment storage (as a principal use), 

  

	 	2.	Inpatient medical facilities including hospitals, nursing or convalescent homes, rehabilitation centers and halfway houses. 

  

	 	3.	Animal hospitals or veterinary clinics, pet stores, pet grooming establishments, laboratories keeping animals, and bait shops. 

  

	 	4.	Flea markets, junk shops, antique stores, used clothing and furniture shops, or secondhand stores and personal property rental establishments whose primary business is the short
term rental of personal property. 

  

	 	5.	Bowling alleys, pool halls, drive in theaters and suntan centers (as a principal use). 

  

	 	6.	So called “adult” entertainment or sales establishments of any kind. 

  

E. Hazardous Materials. No Hazardous Materials of any kind shall be stored on or disposed of on the Lot. As used herein, Hazardous Materials shall
mean: 
  

	 	1.	any “hazardous waste” as defined by the Resource Conservation and Recovery Act of 1926, as amended from time to time, and rules or regulations promulgated thereunder.

  

	 	2.	any “hazardous substance” as defined by the Comprehensive Environmental Response, Compensation and Liability Act of 1980, as amended from time to time, and rules or
regulations promulgated thereunder; 

  
  

 1 

	 	3.	any oil, petroleum products, and their byproducts; and 

  

	 	4.	any substance which is regulated by any federal, state or local governmental authority or that is the subject of any law, rule or regulation. 

  
 2. Plan Approval. Prior to the commencement of construction, addition or reconstruction of
any improvement on a Lot (including buildings, auxiliary buildings, signs, walls, fences, outside lighting, landscaping, driveways and parking areas); the Owner thereof must submit to Developer for its written approval two sets of complete plans and
specifications for the proposed construction, alteration or reconstruction. All plans and specifications submitted shall be prepared by a qualified, registered Architect who shall certify in writing that he has and will prepare the plans in
accordance with these restrictive covenants and the Building Site Construction Standards (see paragraph 3 below) and in accordance with all zoning, building, health and safety ordinances, codes and laws and in accordance with all applicable
easements and set backs pertaining to the Lot. The plans and specifications shall require all contractors and sub-contractors on the proposed project to acknowledge receipt of and agree to abide by the Building Site Construction Standards. The plans
and specifications shall include such detail as the Developer shall require to show the size, shape, floor plans, section details, square footage, height (including elevation drawings of all exterior walls), site plan, foundation plan, roof plans,
all grading and landscaping plans, any proposed changes to be made in the elevation or surface conditions of the Lot, all exterior improvements, building materials and supplies (including color samples of exterior finish materials). The developer
shall make its determination on approval of the plans and specifications, lot grading and landscaping plans, based upon the suitability and durability of the proposed construction, the quality of the building materials and overall construction, the
harmony of external design and the effect and appearance of such proposed project as viewed from the streets and neighboring properties. Developer shall have 30-days from submission of plans and specifications to render either a written approval or
written rejection thereof stating specifically the basis of objections. A rejection may also contain suggestions for changes to the plans and specifications, etc. which would make such project acceptable. If Developer gives no response within 30
days of receipt of the plans as required herein, then the plans and specifications as submitted shall be deemed or be approved. Developer need not respond until a complete set of plans and specifications is submitted and need not review submissions
from anyone but an Owner of a Lot or other person or entity with a valid interest in a Lot. 
  
 Developer’s review of submissions is only for the purpose of assuring the character and value of the Lot and shall not be relied upon by anyone as a representation as to structural soundness, fitness for a
particular purpose or compliance with zoning, building, health or safety codes or ordinances or any other restrictions on the construction or property, other than the restrictive covenants contained herein. 
  
 Construction of a project approved by the Developer in accordance with this paragraph shall
be in accordance with the plans and specifications approved by the Developer. 
  
 3. Construction Site Standards. Construction and the conduct thereof shall comply with all governmental requirements as to health and safety and shall meet the standards set forth herein and as set forth in the “Building Site
Construction Standards” prepared by Developer and available at the office of the Developer. Such standards shall cover, but not be limited to, the restrictions contained herein and additional regulations concerning erosion control, parking for
construction workmen, office trailers on the Lot, material storage, location of telephones and vending machines, security design, location and disposal of sewage during construction, cleaning and policing of the construction site and protection of
streets, street right of ways and property adjoining the building site. Requirements in the Building Site Construction Standards may vary depending on size, location and topography of a Lot. No temporary building, job trailers or the like shall be
permitted on the Lot except those incident to construction while an approved building is being constructed thereon and shall be removed within 30 days following the issuance of a permanent certificate of occupancy by the City of Cedar Rapids. When
the construction of a project is once begun, work thereon shall be prosecuted diligently and continuously until full completion. Any building shall be substantially completed prior to occupancy of any part thereof, and landscaping shall be fully
completed within 30 days following initial occupancy, weather permitting. 
  
 4.
Lot Coverage and Setback Requirements. The total ground area covered by all buildings shall not exceed 40% of the area of the Lot, and the total combined building area and paved surfaces (including driveways, sidewalks, truck aprons and parking lot)
shall not exceed 65% of the area of the Lot. 
  
 In all cases,
buildings shall be set back a minimum of 25 feet from street right of ways. Sideyard setbacks and rear setbacks will be a minimum of 15 feet. Within those setback areas nothing is permitted except walks, turf and landscaping unless such exception is
specifically approved by the Developer. The Developer may vary established setbacks in special circumstances. 
  
 5. Utility Easements. Anyone making use of the common utility easements as set forth on the plat of the Lot shall be responsible for restoration of all landscaping disturbed by such work. No improvements, other than
walks, turf and landscaping shall be made within a common easement area. 
  
 6.
Parking. All parking area and service, drives shall be paved or asphalted, including concrete curb and gutter. No use shall be made of the Lot or building constructed thereon which requires or is reasonably expected to require or attract parking in
excess of the parking facilities of such Lot. Parking will not be permitted on streets or on the Lot except in paved parking areas designed for parking. Owners shall enforce all fire lanes and 
  
  

 2 

 7. Landscaping. Retention of Developer installed landscaping on the Lot, if any, is considered desirable and no such
landscaping shall be removed or damaged except that lying within the actual location of improvements (buildings, driveways and parking areas) unless such removal is consented to by the Developer. Proposed removal of any Developer installed
landscaping shall be identified in the plans and specifications submitted to Developer for its approval pursuant to paragraph 2. 
  
 In connection with construction on the Lot, the Owner shall be required to sod the entire ground surface of the Lot except for alternatively landscaped areas. The Owner
shall be responsible for sodding and maintaining the area between his property line and the street curb and for maintaining all Developer installed landscaping thereon. All landscaped and sodded areas shall be adequately serviced by an underground
sprinkler system. All parking areas shall be screened from road right-of-ways and adjacent property by earth berms and/or plantings to minimize the visual effect of large paved areas and parked automobiles. If required by the Developer, all fences
and screening walls shall be landscaped with shrubbery in order to block the view of the fence or screening wall from adjacent property and from the street. 
  
 A complete landscaping plan including a layout and plant lists shall be submitted to the Developer along with other improvement plans and specifications in accordance
with paragraph 2. To assist an Owner with preparation of the initial landscaping plan and any subsequent re-landscaping of the Lot, the Developer shall make available to each Owner a copy of the Developer’s “Landscaping Standards”
which shall control specific landscaping standards. Once an initial landscaping plan is approved, it shall be completed by an Owner no later than 30 days after initial occupancy of the building(s) on the Lot, weather permitting. Once installed, the
landscaping shall be maintained in good condition and appearance; regularly watered, mowed and edged. All re-plantings and re-landscaping shall be governed by the then current Landscaping Standards applicable to the Lot. 
  
 8. Required Development. The Owner shall commence the construction of improvements on the Lot
in accordance with approved plans and specifications within one year of his purchase of the Lot from the Developer. If the construction is not timely commenced, or once commended, not diligently pursued to completion, the Owner shall nonetheless be
required to install acceptable landscaping on the entire Lot. Such landscaping shall comply with the requirements of paragraph 7 and shall include the sodding of the entire ground surface of the Lot. If the Owner fails to either install or maintain
the landscaping, Developer shall have the right, privilege and license (but not the obligation) to do so, and all amounts expended by Developer, together with a surcharge of ten percent of cost for overhead shall be, upon written demand of
Developer, immediately due and payable by the Owner. If not paid by the Owner with thirty days of demand, the charges shall bear interest at the rate of ten percent per annum and shall be collectible by all lawful means. The charges, together with
interest thereon, shall also constitute a lien against the Lot on or for which the work was performed. 
  
 9. Option to Repurchase. If an Owner fails to commence construction of improvements on the Lot within one year of its purchase of the Lot from Developer or, after commencement of construction, fails to diligently
pursue the construction to completion, so that the development is completed in substantial accordance with plans and specifications approved by Developer on or before the second anniversary date of the Owner’s purchase of the Lot from
Developer, then Developer shall have the option to repurchase the Lot for the same price paid by the Owner to Developer. This option shall be exercised by Developer within ninety (90) days of the event giving rise to such option by written notice to
said Owner of its successors in interest. If the option is not so timely exercised, it shall expire and be of no further force or effect. The notice shall specify a closing date between thirty (30) and sixty (60) days of the date of the notice. The
Lot shall be conveyed by general warranty deed, free and clear of all tenancies, liens or encumbrances. The purchase price shall be paid in cash on the closing date. Developer shall have the right to deduct from the purchase price all liens or
encumbrances against the Lot repurchased. 
  
 This instrument shall put all
parties on notice of this Option to Repurchase and no separate agreement need be executed by any Owner (or its successors in interest) in order to validate Developer’s option hereunder. 
  
 10. Signs. Monument signs are the standard throughout the subdivision. Free standing signs
may not be erected in any street right of way. All proposed signs are subject to the approval of the Developer pursuant to paragraph 2. No signs shall be painted directly on the exterior walls of a building. No window signs, banners or “For
Sale” for “Fore Rent” signs may be erected unless specifically approved by the Developer. No portable flashing or exposed tubular type signs shall be permitted. 
  
 11. Lighting. All lighting shall be directed away from adjacent properties and shall be positioned to eliminate glare on streets and
driveways. No neon lights, intermittent or flashing lights shall be allowed. Only shaded light sources shall be used to illuminate signs, facades, buildings, parking and loading areas. 
  
 12. Screening. Stand fans, air conditioning units, cooling towers, elevator penthouses, vents and all other structures or equipment which
rise above the roof line shall be architecturally compatible or effectively shielded from ground view by architecturally sound methods which will be shown on the plans and specifications submitted to the Developer pursuant to paragraph 2. Developer
may establish different design criteria for buildings in excess of five stories in height. 
  

 3 

 No truck loading dock or “receiving/shipping” doors shall face toward any street or roadway, and where such
dock or doors would be visible fro any street or roadway, they shall be virtually screened by appropriate walls, panels or landscaped berms, which are of material and design harmonious with the building architecture, subject to the prior written
approval of the Developer. 
  
 Any ground equipment located outside of a building
shall not be located between a building and any street and where possible, shall not be visible fro any street. All such equipment shall be screened or shielded from view in an architecturally harmonious manner. 
  
 No storage of any articles, goods, or materials shall be permitted outside any building
except of a temporary nature only and then only with the prior written consent of the Developer, who shall, have the right, as a condition to any such approval, to impose such limitations and screening requirements as it may deem to be in the best
interests of the area. Any such approval may be revoked by the Developer if at any time any of such limitations or screening requirements are not met. 
  
 13. Maintenance. The Owner of the Lot shall have the duty and responsibility to: 
  

	 	1.	Keep the premises, structures, improvements, parking lot, appurtenances and landscaping so that all will conform with these restrictive covenants and in a well maintained, safe,
clean and attractive condition at all times. 

  

	 	2.	Comply in all respects with governmental, health, and police requirements. 

  

	 	3.	Remove promptly any rubbish of any character whatsoever which may accumulate on the Lot. Trash or rubbish must be placed in covered containers manufactured for such use and all such
containers shall always be kept inside of the buildings or behind a screening facility meeting the criteria specified to paragraph 12 above. Trash or rubbish must not be placed or stored between any building and the curb of any abutting street.

  

	 	4.	Maintain all required landscaping and shall specifically (i) keep grass edged and cut to not over 6 inches in height (ii) remove and replace all dead or diseased trees and shrubbery
and (iii) perform such additional planting, seeding, sodding and grading work as necessary to prevent soil erosion. 

  
 If, in the opinion of the Developer, anyone fails in any responsibility set forth in this paragraph, then Developer may give such Owner notice of failure and such Owner
must, within 10 days of receipt of such notice, undertake the work required to restore said Owner’s site to a safe, clean, attractive and lawful condition complying with these covenants. Should any such Owner fail to timely fulfill this duty
and responsibility after such notice, then Developer shall have the right, license and power, but not the obligation, to perform such care and maintenance. The Owner of the Lot shall be liable for the cost of any such work, plus a 10% surcharge for
Developer’s over head, and shall, within thirty (30) days of billing, reimburse Developer for all such amounts. Any amount not so paid shall bear interest at the rate of 10% per annum and shall be collectible by all lawful mans. Such unpaid
amounts, together with interest thereon, shall also constitute a lien against the interests of such defaulting Owner in the Lot. 
  
 14. Common Maintenance. The Lot is a portion of a larger planned office park development to be known as Rive Ridge North Office Park (hereinafter referred to herein as
the “Park”). If at any time, the Developer shall determine that in addition to any maintenance or services furnished by the City of Cedar Rapids, Iowa, there should be performed or provided maintenance, replacement, repair,
re-construction, or refurbishing of any amenities erected for the common use, enjoyment or beauty of the Park, or for watering, mowing, and maintenance of shrubbery and grassed areas of the street rights of way, cleaning of the street pavements,
mowing and maintenance of swales and retention ponds, security patrol, and maintenance of street fire hydrants, or any of the same (“common area maintenance”), the Developer may perform such common area maintenance. The Lot Owner shall pay
to the Developer its pro rata share of the cost of such common area maintenance performed by the Developer. As used in this paragraph 14, “costs” shall mean the actual costs incurred by the Developer in performing the area maintenance plus
an administrative charge equal to 10 percent of such actual costs. Developer shall bill Owner periodically its applicable pro rata share of such costs based upon the square footage of the Lot as compared with the total square footage of all property
in the Park and such sums shall be due and payable within thirty (30) days of receipt of such billing. Any sums not timely paid by the Owner shall bear interest at the rate of ten percent (10%) per annum and shall be collectable by all lawful means.
Such unpaid amounts, together with interest thereon, shall also constitute a lien against the Lot. Developer shall not be responsible for the sufficiency of pr for errors or omissions of any security patrol provided by the Developer, and in no event
shall Developer, by reason of the provisions of this paragraph or the furnish or failure to furnish any common area maintenance, be liable for the safety of any person or property on a Lot or on account of any loss, damage, or injury to person or
property occurring on any Lot. 
  
 15. Utilities. All electric, telephone, and
other utility lines on or servicing the Lot must be underground. It is the responsibility of the Owner or occupant of the Lot to make arrangements with the suppliers of electrical, water, sewer and other utility services for the site. All electric
transformers, terminals, or other utility appurtenances which are required to be above ground, shall be located where possible at the rear of a building, and if visible from a street such equipment shall be behind a screening facility meeting the
criteria of paragraph 12. 
  

 4 

 16. Violalions. If any person, firm, corporation or other entity shall violate or attempt to violate any of the covenants
or restrictions herein set forth, it shall be lawful for the Developer: 
  

	 	1.	To prosecute proceedings at law for the recover of damages against those so violating or attempting to violate any such covenant, or 

  

	 	2.	To maintain any proceeding against those so violating or attempting to violate any such covenant of the purpose of preventing or enjoining all or any such violation, including
mandatory injunctions requiring the violator to restore the building or other matter involved to a conforming state, not in violation of these restrictions. The remedies provided in this paragraph shall be in addition to any and all other remedies
now or hereinafter provided by law. 

  
 17. Minor Variances; Waiver.
Where a building or other improvement has been or is about to be erected on the Lot in such a manner as to constitute a minor violation of, or variance from the covenants or restrictions herein set forth, the Developer shall have the right to waive
or release the variance or minor violating. 
  
 The provisions of these
Restrictive Covenants represent the Developer’s best effort to define standards and requirements to assure the quality and desirability of the Lot for the intended uses as set forth herein. It must be acknowledge, however, that consideration
should be given to an Owner with unique projects or peculiar circumstances pertaining to the Lot. Therefore, the Developer may waive any particular provision or provisions of these covenants in the exercise of its best judgment and giving due
consideration to results intended to be achieved by the covenant(s) so waived. In order to be effective, such waiver must be in writing and executed by the Developer or Developer’s assignee hereunder. Developer shall not be liable to any
person, including any other property owners within the Park, for either the granting or refusal to grant any waiver or release pursuant to this paragraph. 
  
 Whenever these Restrictive Covenants require or allow the approval of Developer, such approval shall be at the discretion of Developer in the reasonable exercise of its
best judgment and Developer shall not be liable to any person for the granting or refusal to grant its approval hereunder. 
  
 18. Developer Successor. The Developer shall have the sole and exclusive right at any time, and from time to time, to transfer and assign to, and to withdraw from, such
person, firm, corporation, and any other entity as it shall select, any or all right, powers, privileges, authorities, and reservations given to or reserved by the Developer by any part or paragraph of these covenants and restrictions. In connection
therewith, the Developer may, but need not, establish eac or more Iowa Corporation not for profit or other entities in which Owner shall be encumber and the Developer may, but need not, separate the rights and liabilities under paragraphs 8, 13 and
14 above from the other rights and responsibilities of the Developer hereunder. Any such other entity may, but need not, be granted or have and exercise the authorities granted or reserved hereunder as to said Lot. As and to the extent the Developer
exercise one or more of its options reserved to the Developer under the foregoing provisions of this paragraph 18, the Developer shall record an instrument in the public records of Linn County, Iowa, referring to these restrictive covenants and
specifying in reasonable detail the particulars of the action taken by the Developer and the name and address of any assignee of Developer’s rights duties and privileges. Developer hereby designates AEGON USA Realty Advisors, Inc., an
affiliated corporation to act for it and in its stead in all matters relating to these Restrictive Covenants. The address of AEGON USA Realty Advisors, Inc. is as follows: 
  
 AEGON USA Realty Advisors, Inc. 
 4333 Edgewood Road N.E. 
 Cedar Rapids, IA 52499 
 Attn: Chief Engineer 
  
 If at any time, there shall be no person, firm, corporation, trust or other entity entitled
to exercise the rights, powers, privileges, authorities, and reservations given in or reserved by the Developer under the provisions hereof, the same shall be vested in and exercised by a committee to be elected or appointed by the Owners of a
majority of the square footage of the property within the Park. Nothing herein contained, however, shall be construed as interfering any rights, powers, privileges, authorities or reservations on said committee except in the event aforesaid.

  
 19. Severability. Invalidations of any of the provisions of the covenants set
forth herein by judgment or court order shall not affect or modify any of the other provisions, which shall remain in full force and effect. 
  
 20. Addition Restrictions. The Owner shall not, without the prior written consent of the Developer, imposer any additional covenants or restrictions on the Lot or any
part thereof, but the Developer may include in any contract or deed hereinafter made and covering all or any portions of said Lot any additional covenants or restrictions applicable to the Lot which are not inconsistent with and which do not lower
the standards of the covenants set forth herein. 
  
 21. Further Subdivision
Prohibited. Owner shall not have the right to subdivide the Lot without the written consent of Developer. Any contracts or conveyance in contravention of this prohibiting shall be void 
  

 5 

 22. Title. The addition of title to the various paragraphs in this instrument are for convenience and identification only
and the use of such titles shall not be construed to limit, enlarge, change, or otherwise modify, any of the provisions hereof, each and all of which shall be construed as if not titled. 
  
 23. Binding Effect. Subject to the provisions hereof, the covenants set forth herein shall remain in full force and effect until the first
day of January, 2014. However, at any time prior to January 1, 2014, and with the consent of the Developer, the Owners of three fourths or more of the total land act are contained within the Park, may by written declaration, sign and acknowledged by
them and recorded in public records of Linn County, Iowa, alter, amend or terminate these covenants. During the period the covenants shall remain in full force and effect, they shall be deemed to be covenants running with the title to the Lot and
shall be binding on the Developer and each purchaser, grantee, Owner, or lessee of said Lot or buildings or space in buildings located at any time on the Lot and upon the respect heirs, personal representatives, devisees, successors, and assigns of
the Developer and of any such purchaser, grantee, Owner or lessee, all of whom shall abide by and conform with the provisions of these covenants. Owners shall be jointly and severally liable for the infractions of any persons claiming possession of
the Lot, or portion thereof or portion thereof or any other interest therein, by through or under the Owner. 
  
 24. Partial Invalidity. Invalidation of any one of these covenants or restrictions by judgment or court order shall in no wjse affect any of the other provisions hereof, which shall remain in full force and effect.

  
 Executed this 2nd day of December, 1998. 
  

	 ATTEST:
	  	 PFL LIFE INSURANCE COMPANY

				
	 By:
	 	         /s/ Maureen
DeWald        

	  	 By:
	 	         /s/ Thomas L.
Nordstom        

	 	 	 Maureen DeWald, Assistant Secretary
	  	 	 	 Thomas L. Nordstrom, Vice President

  

	 STATE OF IOWA
	  	)
	 	  	)ss
	 COUNTY OF LINN
	  	)

  
 On this 2nd day of December, 1998, before me, the undersigned, a Notary Public in and for the State of Iowa personally appeared Thomas L.
Nordstrom and Maureen DeWald, to be personally known, who being by me duly sworn, did say that they are the Vice President and Assistant Secretary respectively, of the corporation executing the within and foregoing instrument, that said Instrument
was signed on behalf of the corporation by authority of its Board of Directors; and that Thomas L. Nordstrom and Maureen DeWald as officers acknowledged the executive of the foregoing instrument to be the voluntary act and deed of the corporation,
by it and by them voluntarily executed. 
  

	     /s/ Fran N. Gray

	 Notary Public in and for said State.

  

 6 

 MOYER & BERGMAN, P.L.C. 
  
 ATTORNEYS AT LAW 
 COMMERCE EXCHANGE BUILDING 
 2720 FIRST AVENUE N.E. 
 MAILING ADDRESS: P.O. BOX 1943 
 CEDAR RAPIDS, IOWA 52406-1943 
 Telephone (319) 366-7331 
 Telecopier (391)
366-3668 
  
 December 9, 1998 
  

	 Mr. and Mrs. Richard L. McBride
	  	 Norwest Bank Iowa, N.A.

	 McBRIDE INVESTMENTS
	  	 101 3rd Avenue SW

	 3500 J Street SW
	  	 Cedar Rapids, IA 52404

	 Cedar Rapids, IA 52404
	  	 
	 	  	 Attn: Mr. Pierre Kisting

  
 Dear Richard, Lana and Mr. Kisting:

  
 We have examined the abstract of title for the real estate
described as: 
  
 That part of South Fr. 1⁄2 NW1/4 Section
6-83-7, Linn County, Iowa, lying S-ly of the right-of-way and, lands of the Chicago, Milwaukee, St. Paul & Pacific Railroad Company and lying E-ly of the public highway 
  
 AND 
  
 That part of NW Fr. 1/4 SW1/4 Section 6-83-7, Linn County, Iowa, described as follows: Beginning at the NE comer said NW Fr. 1/4 SW1/4; thence S-ly along
the East line said NW Fr. 1/4 SWI/4 to the NE comer Lot 12, Chestnut Woods Second Addition to Linn County, Iowa; thence W-ly along the North line said Lot 12 to the 14W comer said Lot 12; thence N-ly along the E-ly line of Chestnut Trail to the
North line said Chestnut Woods Second Addition; thence W-ly along the North line said Chestnut Woods Second Addition and Chestnut Woods Third Addition in Linn County, Iowa, to the NW corner said Chestnut Woods Third Addition; thence NE-ly along the
public highway to the North line said NW Fr. 1/4 SW1/4; thence E-ly along the North line said NW Fr. 1/4 S W I /4 to point of beginning, 
  
 as last certified by United Title Services, Inc: on November 4, 1998 at 5:00 p.m. The abstract of title consists of entries; 1 through 179 and I through 14 (the
“First Abstract”). 

 MOYER & BERGMAN, P.L.C. 
  
 Mr. and Mrs. Richard McBride 
 Norwest Bank Iowa, N.A. 
 December 9, 1998 
 Page 2 
  
 We have also examined the abstract of title for the real estate described as: 
  
 The North 24 acres of the NE1/4 of the SW1/4 of Section 6-83-7, Linn County,
Iowa, except that part described as follows: Commencing at the NE corner of Lot 12, Chestnut Woods Second Addition to Linn County, Iowa; thence S 00°00’44”E, 205.53 feet to the point of beginning; thence S 88°05’34”E,
1317.00 feet; thence S 0°00’00”E, 179.97 feet to the SE corner of the said North 24 acres; thence N 87’59’32”W along the South line of said North 24 acres, 1317.14 feet to the SW comer of the said North 24 acres; thence
N 0°00’44”W along the East line of Chestnut Woods Second Addition, 177.66 feet to the point of beginning 
  
 AND 
  
 The NW1/4 SE1/4 Section 6-83-7, Linn County, Iowa, 
  
 as last certified by United Title Services, .Inc. on November 4, 1998 at 5:00 p.m. The abstract of title consists of entries 1 through 257 and Addenda entry 258 (the
“Second Abstract”). 
  
 This title opinion is limited to
the real estate to be platted as Lot 1, River Ridge North Office Park Fifth Addition in the City of Cedar Rapids, Linn County, Iowa; which is legally described as: 
  
 Part of the Northwest Quarter and part of the Southwest Quarter of Section 6, Township 83 North, Range 7 West of the 51
Principal Meridian, City of Cedar Rapids, Linn County, Iowa described as follows: Beginning at the Northwest Comer of River Ridge North Office Park Third Addition to Cedar Rapids, Iowa; thence N.32_°41’25” E along the easterly right of
way of Ushers Ferry Road N.E., 43.92 feet; thence N 27°58’20” E along said easterly right of way, 281.82 feet; thence S 86°24’10”E, 239.90 feet; thence S 86° 10’30”E, 260.10 feet; thence S 01
°54’25”W, 285.47 feet to the northerly right of way.. of North River Boulevard N.E.; thence N 88°05’35”W along said northerly right of way, 591.00 feet; thence westerly 56.53 feet along the said northerly right of way and
the arc of a 151.63 foot radius curve, concave northerly (the long chord bears N 77°26’4.5”W, 56.03 feet) to the point of beginning. 
  

 2 

 MOYER & BERGMAN, P.L.C. 
  
 Mr. and Mrs. Richard McBride 
 Norwest Bank Iowa, N.A. 
 December 9, 1998 
 Page 3 
  
 The above-described real estate is to be platted as Lot 1, River Ridge North Office Park Fifth Addition in the City of Cedar Rapids, Linn
County, Iowa. 
  
 TITLE 
  
 We find that the proprietor which holds legal title to the real estate is as
follows: 
  
 PFL Life Insurance Company. 
  
 Legal title to the real estate is subject to the following limitations:

  
 1. A Right-of-Way Permit to Northwestern Bell Telephone
Company over the SWl/4 of the NW 1/4 of Section 6-83-7, Linn County, Iowa which was recorded February 14, 1952 in Volume 854, Page 420 in the records of the Linn County Recorder. 
  
 2. Ordinance No. 47-91 which rezones a part of the real estate and places restrictions on the real estate. 
  
 3. Resolution No. 1576-9-91 revises the Site Development Plan. 
  
 4. Ordinance No. 70-96 which relates to the River Ridge North Urban Renewal
Project. 
  
 5. Resolution No. 1261-6-97 which amends the Site
Development Plan. 
  
 6. Ordinance No. 29-97 which rezones a part
of the real estate and places restrictions on the real estate. 
  
 7. Ordinance No. 30-97 which amends Condition #6 of Section 2 of Ordinance No. 47-91. 
  
 This opinion is expressly limited to matters shown in the abstract covering the period up to the date of certification. No opinion is expressed as to matters not shown in the abstract which might affect title to the
real estate, among which are the following: 
  

 3 

 MOYER & BERGMAN, P.L.C. 
  
 Mr. and Mrs. Richard McBride 
 Norwest Bank Iowa, N.A. 
 December 9, 1998 
 Page 4 
  

	(a)	Mechanics’ liens for services rendered or materials furnished on the premises since liens need, not be filed until 90 days after the completion of the work or the materials
have been furnished; 

  

	(b)	rights of persons in possession; 

  

	(c)	all public assessments ordered but which have not become a matter of record in the county courthouse; 

  

	(d)	forged or fraudulent contracts, deeds or other instruments affecting title; 

  

	(e)	any transfers, the substance and subject of which may be attacked as a fraudulent conveyance within the meaning of the Federal Bankruptcy Code or Iowa law; 

 

	(f)	any defects of title which may be revealed by an accurate survey; 

  

	(g)	any state of facts which might be revealed by physical inspection or soil test of the property, including but not limited to diseased trees, location of driveways, easements,
fences, hedges, drainage ditches, and an encroachment of buildings which may have set the boundary lines of the property; 

  

	(h)	zoning or other ordinances of the municipality or county; 

  

	(i)	any flood plain regulations, encroachment limits or flood plain zoning as established by the Iowa Natural Resources Council; 

  

	(j)	any security interests in fixtures attached to the real estate of which notice may be given by a financing statement that has not been filed of record; and 

 

	(k)	the presence of hazardous substances, pollutants, contaminants, solid wastes, hazardous wastes, and other environmentally regulated activities, including those substances defined to
be hazardous in Chapter 42 of the United States Code, Section 9601(14) and Chapter 455B of the Iowa Code, which could require a purchaser, owner or lender to incur liability or remedial actions or other clean-up. 

  
 You are advised to inform yourself of these matters by independent investigation. 

 
 You should determine whether any solid waste, hazardous substances,
pollutants, above or below ground storage tanks, drainage wells, water wells, land fill sites or other environmentally regulated conditions exist on the property. Such conditions are not ordinarily shown in the abstract, but they may result in
injunctions, fines, required clean-up, or other remedial action under federal, state, or local laws. These laws may impose liens against the property and personal liability against the owner, even though the owner did nothing to create the
condition, and acquired the property without knowing about it. 
  

 4 

 MOYER & BERGMAN, RL:C. 
  
 Mr. and Mrs. Richard McBride 
 Norwest Bank Iowa, N.A. 
 December 9, 1998 
 Page 5 
  
 You may purchase additional protection of your interest in the real estate through an owner’s or lender’s title
guaranty certificate issued by the Title Guaranty Division of the Iowa Finance Authority and purchased through our firm. A Title Guaranty Certificate provides certain protection of your interest in the property which exceeds the protection available
through this opinion. If you are interested in such a Certificate or have questions concerning such Certificates, please contact me. 
  

	 Respectfully submitted,

	
	 MOYER & BERGMAN

	
	 /s/ Stephen C. Nelson

	
	 Stephen C. Nelson

	 Iowa Title Guaranty

	 Member #1506

  
 SCN/dd 
  

 5 

 Exhibit A-1 
  
 SITE PLAN FOR THE SUBLET PREMISES 
  
 See Attached Drawing. 
  

 6 

 [GRAPHIC OF INTERIOR LAY-OUT OF 5250 N. RIVER BLVD. NE] 

 Exhibit B 
  

LANDLORD CONSENT 
  
 The undersigned, as “Landlord” under that certain Lease by and between McBride Investments as Lessor, and Westinghouse Air Brake Technologies, a
Delaware corporation, as “Lessee” (“Sub landlord”) dated December 1998 (the “Lease”), hereby consents to Sub landlord’s subleasing of the premises identified in the Lease (the “Sublet Premises”) to SiRF
Technology, Inc., a Delaware corporation (“Subtenant”) in accordance with the terms and conditions contained in the attached Sublease by and between Sub landlord and Subtenant. By granting this consent, the undeaigned expressly
acknowledges that the terms and conditions of the Lease are in no way modified by the execution of the Sublease and that Sub landlord remains obligated to perform all obligations of the Lessee under the Lease and shall return the Sublet Premises to
Landlord in the condition required by the terms of the Lease. In the event of conflict between the Lease and this Sublease, the terms and conditions of the Lease shall at all times govern and control. 
  

	 LANDLORD:

	
	 McBride Investments

		
	 By:
	 	 /s/ illegible

	 Title:
	 	 Owner

	 Date:
	 	 June 6, 2002

  

 2 

 Exhibit “C” 
  
 Copy of SNDA 
  
 No agreement exists. 
  

 3Prepared by R.R. Donnelley Financial -- Amended and Restated Loan and Security Agreement

 Exhibit 10.8 

  
 AMENDED AND RESTATED 
 LOAN AND SECURITY AGREEMENT 
  
 by and between 
  
 SIRF TECHNOLOGY, INC. 
  
 as Borrower 
  
 and

  
 SILICON VALLEY BANK, 
  
 as Bank 
  
 March     , 2003 
  

 AMENDED AND RESTATED LOAN AND SECURITY AGREEMENT 
  
 THIS AMENDED AND RESTATED LOAN AND SECURITY AGREEMENT (this
“Agreement”) dated March     , 2003, between SILICON VALLEY BANK (“Bank”), whose address is 3003 Tasman Drive, Santa Clara, California 95054, and SIRF TECHNOLOGY, INC., a corporation organized and in
good standing in the State of Delaware (“Borrower”), whose address is 148 E. Brokaw Road, San Jose, California 95112 provides the terms on which Bank will lend to Borrower and Borrower will repay Bank. 
  
 RECITALS: 
  
 A. Borrower and Bank have entered into that certain Loan and Security Agreement dated as of March 24, 2000 (as amended and
modified from time to time, the “Existing Agreement”) pursuant to which Bank agreed to make a committed line of credit in the maximum principal amount of Three Million Dollars ($3,000,000), capped at One Million Five Hundred Thousand
Dollars ($1,500,000), (the “Original Credit Facility”) available to Borrower on the terms and conditions set forth therein. 
  
 B. Borrower has requested that, among other things, Bank increase the maximum principal amount of the committed line of credit to Four Million Dollars
($4,000,000) and Bank has agreed, subject to the execution of this Agreement with the terms and conditions hereinafter set forth. 
  
 NOW, THEREFORE, the parties hereto, in consideration of their mutual covenants and agreements hereinafter set forth and intending to be legally bound
hereby, hereby covenant and agree that effective upon the Closing Date, the Existing Agreement is hereby amended and restated in its entirety as follows: 
  

	1.	ACCOUNTING AND OTHER TERMS 

  
 Accounting terms not defined in this Agreement will be construed following GAAP. Calculations and determinations must be made following GAAP. The term
“financial statements” includes the notes and schedules. The terms “including” and “includes” always mean “including (or includes) without limitation,” in this or any Loan Document. 
  

	2.	LOAN AND TERMS OF PAYMENT 

  

	2.1	Promise to Pay. 

  
 Borrower promises to pay Bank the unpaid principal amount of all Credit Extensions and interest on the unpaid principal amount of the Credit Extensions.

  

	2.1.1	Revolving Advances. 

  
 (a) Bank will make Advances not exceeding (i) the lesser of (A) the Committed Revolving Line or (B) the Borrowing Base; and minus (ii) all amounts
for (A) services utilized under the Cash Management Services Sublimit, (B) all outstanding Letters of Credit (including drawn but unreimbursed Letters of Credit) and (C) the FX Reserve. Amounts borrowed under this Section may be repaid and
reborrowed during the term of this Agreement. 
  

 (b) To obtain an Advance, Borrower must notify Bank by facsimile or telephone by 3:00 p.m. Pacific time
on the Business Day the Advance is to be made. Borrower must promptly confirm the notification by delivering to Bank the Loan Payment/Advance Request Form attached as Exhibit B (the “Payment/Advance Form”). Bank will credit Advances
to Borrower’s deposit account. Bank may make Advances under this Agreement based on instructions from a Responsible Officer or his or her designee or without instructions if the Advances are necessary to meet Obligations which have become due.
Bank may rely on any telephone notice given by a person whom Bank believes is a Responsible Officer or designee. Borrower will indemnify Bank for any loss Bank suffers due to such reliance. 
  
 (c) The Committed Revolving Line terminates on the Revolving Maturity Date,
when all Advances are immediately payable. 
  
 (d) Bank’s
obligation to lend the undisbursed portion of the Obligations will terminate if, in Bank’s sole discretion, there has been a material adverse change in the general affairs, management, results of operation, condition (financial or otherwise) or
the prospect of repayment of the Obligations, or there has been any material adverse deviation by Borrower from the most recent business plan of Borrower presented to and accepted by Bank prior to the execution of this Agreement. 
  

	2.1.2	Letters of Credit Sublimit. 

  
 Bank will issue or have issued Letters of Credit for Borrower’s account not exceeding (i) the lesser of the Committed Revolving Line or the Borrowing
Base, minus (ii) the outstanding principal balance of the Advances minus the Cash Management Sublimit and minus the FX Reserve; however, the face amount of outstanding Letters of Credit (including drawn but unreimbursed Letters of Credit) may not at
any time exceed Two Million Five Hundred Thousand Dollars ($2,500,000). Each Letter of Credit will have an expiry date of no later than one hundred eighty (180) days after the Revolving Maturity Date, but Borrower’s obligations to reimburse
Bank under the Letters of Credit will be secured by cash on terms acceptable to Bank at any time after the Revolving Maturity Date if the term of this Agreement is not extended by Bank. Borrower agrees to execute any further documentation in
connection with the Letters of Credit as Bank may reasonably request. Prior to or simultaneously with the opening of each Letter of Credit, Borrower shall pay to Bank, a letter of credit fee (each a “Letter of Credit Fee” and collectively
the “Letter of Credit Fees”) in an amount equal to          percent (    %) per annum of the face amount of the Letter of Credit. Such Letter of Credit Fees shall be
paid in advance upon the issuance of the Letter of Credit and upon each anniversary thereof, if any. In addition, Borrower shall pay to Bank any and all additional issuance, negotiation, processing, transfer or other fees to the extent and as and
when required by Bank. 
  

	2.1.3	Foreign Exchange Sublimit. 

  
 If there is availability under the Committee Revolving Line and the Borrowing Base, then Borrower may enter in foreign exchange forward contracts with the
Bank under which Borrower commits to purchase from or sell to Bank a set amount of foreign currency more than one (1) business day after the contract date (the “FX Forward Contract”). Bank will subtract 10% of each outstanding FX Forward
Contract from the foreign exchange Sublimit which is a maximum of Two Million Five Hundred Thousand Dollars ($2,500,000) (the “FX Reserve”). The total FX Forward Contracts at any one time may not exceed 10 times the amount of the FX
Reserve. Bank may terminate the FX Forward Contracts if an Event of Default occurs. 
  

 2 

	2.1.4	Cash Management Services Sublimit. 

  
 Borrower may use up to Two Million Five Hundred Thousand Dollars ($2,500,000) for Bank’s Cash Management Services, which may include merchant
services, direct deposit of payroll, business credit card, and check cashing services identified in various cash management services agreements related to such services (the “Cash Management Services”). Such aggregate amounts utilized
under the Cash Management Services Sublimit will at all times reduce the amount otherwise available to be borrowed under the Committed Revolving Line. Any amounts Bank pays on behalf of Borrower or any amounts that are not paid by Borrower for any
Cash Management Services will be treated as Advances under the Committee Revolving Line and will accrue interest at the rate for Advances. 
  

	2.2	Overadvances. 

  
 If Borrower’s Obligations under Sections 2.1.1, 2.1.2, 2.1.3 and 2.1.4 exceed the lesser of either (i) the Committed Revolving Line or (ii) the
Borrowing Base, Borrower shall immediately pay Bank the excess. 
  

	2.3	Interest Rate, Payments. 

  
 (a) Interest Rate. Advances accrue interest on the outstanding principal balance at a per annum rate of one and one quarter percent (1.25%) plus the
greater of (i) the Prime Rate, or (ii) four and one quarter percent (4.25%). After an Event of Default, Obligations accrue interest at five percent (5%) above the rate effective immediately before the Event of Default. The interest rate increases or
decreases when the Prime Rate changes. Interest is computed on a 360 day year for the actual number of days elapsed. 
  
 (b) Payments. Interest due on the Committed Revolving Line is payable on the
                 (        ) day of each month. Bank may debit any of Borrower’s deposit accounts including
Account Number 03517802-70 for the principal and interest payments owing or any amounts Borrower owes Bank. Bank will promptly notify Borrower when it debits Borrower’s accounts. These debits are not a set-off. Payments received after 12:00
noon Pacific time are considered received at the opening of business on the next Business Day. When a payment is due on a day that is not a Business Day, the payment is due the next Business Day and additional fees or interest accrue. 
  

	2.4	Fees. 

  
 Borrower will pay: 
  
 (a) Facility Fee. A fully earned, nonrefundable fee in the amount of Twenty-Four Thousand Dollars ($24,000). 
  
 (b) Bank Expenses. All Bank Expenses (including reasonable
attorneys’ fees and reasonable expenses) incurred through and after the date of this Agreement, are payable when due. 
  

	3.	CONDITIONS OF LOANS 

  

	3.1	Conditions Precedent to Initial Credit Extension. 

  
 Bank’s obligations to make the initial Credit Extension is subject to the condition precedent that it receive the agreements, documents and fees it
requires. 
  

 3 

	3.2	Conditions Precedent to all Credit Extensions. 

  
 Bank’s obligations to make each Credit Extension, including the initial Credit Extension, is subject to the following: 
  
 (a) timely receipt of any Payment/Advance Form; and 
  
 (b) the representations and warranties in Section 5 must be true on the date
of the Payment/Advance Form and on the effective date of each Credit Extension and no Event of Default may have occurred and be continuing, or result from the Credit Extension. Each Credit Extension is Borrower’s representation and warranty on
that date that the representation and warranties of Section 5 remain true. 
  

	4.	CREATION OF SECURITY INTEREST 

  

	4.1	Grant of Security Interest. 

  
 Borrower grants Bank a continuing security interest in all presently existing and later acquired Collateral to secure all Obligations and performance of
each of Borrower’s duties under the Loan Documents. Except for Permitted Liens, any security interest will be a first priority security interest in the Collateral. Bank upon the occurrence of any Event of Default, may place a “hold”
on any deposit account of Borrower maintained with Bank. If this Agreement is terminated, Bank’s lien and security interest in the Collateral will continue until Borrower fully satisfies its Obligations. 
  

	4.2	Authorization to File. 

  
 Borrower authorizes Bank to file financing statements without notice to Borrower, with all appropriate jurisdictions, as Bank deems appropriate, in order
to perfect or protect Bank’s interest in the Collateral. 
  

	5.	REPRESENTATIONS AND WARRANTIES 

  
 Borrower represents and warrants as follows: 
  

	5.1	Due Organization and Authorization. 

  
 Borrower is duly existing and in good standing in the State of Delaware and is qualified and licensed to do business in, and in good standing in, any
state in which the conduct of its business or its ownership of property requires that it be qualified, except where the failure to do so could not reasonably be expected to cause a Material Adverse Change. Borrower’s exact legal name is as set
forth on the first page of this Agreement. The execution, delivery and performance of the Loan Documents have been duly authorized, and do not conflict with Borrower’s formation documents, nor constitute an event of default under any material
agreement by which Borrower is bound. Borrower is not in default under any agreement to which, or by which it is bound, in which the default could reasonably be expected to cause a Material Adverse Change. 
  

	5.2	Collateral. 

  
 Borrower has good title to the Collateral, free of Liens except Permitted Liens. The Accounts are bona fide, existing obligations, and the service or
property has been performed or delivered to the account debtor or its agent for immediate shipment to and unconditional acceptance by the account debtor. Borrower has no notice of any actual or imminent Insolvency 
  

 4 

 
Proceeding of any account debtor whose accounts are an Eligible Account in any Borrowing Base Certificate. All Inventory is in all material respects of good
and marketable quality, free from material defects. 
  

	5.3	Litigation. 

  
 There are no actions or proceedings pending or, to the knowledge of Borrower’s Responsible Officers, threatened by or against Borrower in which a
likely adverse decision could reasonably be expected to cause a Material Adverse Change. 
  

	5.4	No Material Adverse Change in Financial Statements. 

  
 All consolidated financial statements for Borrower delivered to Bank fairly present in all material respects Borrower’s consolidated financial
condition and Borrower’s consolidated results of operations. There has not been any material deterioration in Borrower’s consolidated financial condition since the date of the most recent consolidated financial statements submitted to
Bank. 
  

	5.5	Solvency. 

  
 The fair salable value of Borrower’s assets (including goodwill minus disposition costs) exceeds the fair value of its liabilities; the Borrower is
not left with unreasonably small capital after the transactions in this Agreement or any of the Loan Documents; and Borrower is able to pay its debts (including trade debts) as they mature. 
  

	5.6	Regulatory Compliance. 

  
 Borrower is not an “investment company” or a company “controlled” by an “investment company” under the Investment Company
Act. Borrower is not engaged as one of its important activities in extending credit for margin stock (under Regulations T and U of the Federal Reserve Board of Governors). Borrower has complied in all material respects with the Federal Fair Labor
Standards Act. Borrower has not violated any laws, ordinances or rules, the violation of which could reasonably be expected to cause a Material Adverse Change. None of Borrower’s or any Subsidiary’s properties or assets has been used by
Borrower or any Subsidiary or, to the best of Borrower’s knowledge, by previous Persons, in disposing, producing, storing, treating, or transporting any hazardous substance other than legally. Borrower and each Subsidiary has timely filed all
required tax returns and paid, or made adequate provision to pay, all material taxes, except those being contested in good faith with adequate reserves under GAAP. Borrower and each Subsidiary has obtained all consents, approvals and authorizations
of, made all declarations or filings with, and given all notices to, all government authorities that are necessary to continue its business as currently conducted, except where the failure to do so could not reasonably be expected to cause a
Material Adverse Change. 
  

	5.7	Subsidiaries. 

  
 Borrower does not own any stock, partnership interest or other equity securities except for Permitted Investments. 
  

	5.8	Full Disclosure. 

  
 No written representation, warranty or other statement of Borrower in any certificate or written statement given to Bank (taken together with all such
written certificates and written statements to Bank) contains any untrue statement of a material fact or omits to state a material 
  

 5 

 fact necessary to make the statements contained in the certificates or statements not misleading. It being recognized by
Bank that the projections and forecasts provided by Borrower in good faith and based upon reasonable assumptions are not viewed as facts and that actual results during the period or periods covered by such projections and forecasts may differ from
the projected and forecasted results. 
  

	6.	AFFIRMATIVE COVENANTS 

  
 Borrower will do all of the following for so long as Bank has an obligation to make any Credit Extension, or there are outstanding Obligations:

  

	6.1	Government Compliance. 

  
 Borrower will maintain its legal existence and good standing as a Registered Organization in only the State of Delaware and maintain qualification in each
jurisdiction in which the failure to so qualify would reasonably be expected to cause a material adverse effect on Borrower’s business or operations. Borrower will comply with all laws, ordinances and regulations to which it is subject,
noncompliance with which could have a material adverse effect on Borrower’s business or operations or would reasonably be expected to cause a Material Adverse Change. 
  

	6.2	Financial Statements, Reports, Certificates. 

  
 (a) Borrower will deliver to Bank: (i) as soon as available, but not later than thirty (30) days after the last day of each month, a company prepared
consolidated balance sheet and income statement covering Borrower’s consolidated operations during the period certified by a Responsible Officer and in a form acceptable to Bank; (ii) as soon as available, but no later than one hundred twenty
(120) days after the last day of Borrower’s fiscal year, audited consolidated financial statements prepared under GAAP, consistently applied, together with an unqualified opinion on the financial statements from an independent certified public
accounting firm reasonably acceptable to Bank; (iii) a prompt report of any legal actions pending or threatened against Borrower or any Subsidiary that could result in damages or costs to Borrower or any Subsidiary of $100,000 or more; and (iv)
budgets, sales projections, operating plans or other financial information Bank reasonably requests. 
  
 (b) Within twenty (20) days after the last day of each month, Borrower will deliver to Bank a Borrowing Base Certificate signed by a Responsible Officer
in the form of Exhibit C with aged listings of accounts receivable and accounts payable. 
  
 (c) Within thirty (30) days after the last day of each month, Borrower will deliver to Bank with the monthly financial statements a Compliance Certificate signed by a Responsible Officer in the form of Exhibit
D. 
  
 (d) Allow Bank to audit Borrower’s Collateral at
Borrower’s expense. Such audits will be conducted no more often than every six (6) months unless an Event of Default has occurred and is continuing. 
  

	6.3	Inventory; Returns. 

  
 Borrower will keep all Inventory in good and marketable condition, free from material defects. Returns and allowances between Borrower and its account
debtors will follow Borrower’s customary practices as they exist at execution of this Agreement. Borrower must 
  

 6 

 promptly notify Bank of all returns, recoveries, disputes and claims, that involve more than $50,000. 
  

	6.4	Taxes. 

  
 Borrower will make, and cause each Subsidiary to make, timely payment of all material federal, state, and local taxes or assessments (other than taxes and
assessments which Borrower is contesting in good faith, with adequate reserves maintained in accordance with GAAP) and will deliver to Bank, on demand, appropriate certificates attesting to the payment. 
  

	6.5	Insurance. 

  
 Borrower will keep its business and the Collateral insured for risks and in amounts standard for Borrower’s industry, and as Bank may reasonably
request. Insurance policies will be in a form, with companies, and in amounts that are satisfactory to Bank in Bank’s reasonable discretion. All property policies will have a lender’s loss payable endorsement showing Bank as an additional
loss payee and all liability policies will show the Bank as an additional insured and provide that the insurer must give Bank at least twenty (20) days notice before canceling its policy. At Bank’s request, Borrower will deliver certified
copies of policies and evidence of all premium payments. Proceeds payable under any policy will, at Bank’s option, be payable to Bank on account of the Obligations. 
  

	6.6	Primary Accounts. 

  
 Borrower will maintain its primary depository and operating accounts with Bank. 
  

	6.7	Financial Covenants. 

  
 Borrower will maintain as of the last day of each month (unless otherwise stated below): 
  
 (a) Quick Ratio. A ratio of Quick Assets to Current Liabilities of at least 2.00 to 1.00. 
  
 (b) Profitability. Borrower may suffer losses not to exceed Seven
Hundred Fifty Thousand Dollars ($750,000) for the quarter ending March 31, 2003, and Two Hundred Fifty Thousand Dollars ($250,000) for the quarter ending June 30, 2003. For each quarter thereafter, Borrower will have a minimum net profit of One
Dollar ($1). 
  

	6.8	Further Assurances. 

  
 Borrower will execute any further instruments and take further action as Bank reasonably requests to perfect or continue Bank’s security interest in
the Collateral or to effect the purposes of this Agreement. 
  

	7.	NEGATIVE COVENANTS 

  
 Borrower will not do any of the following without Bank’s prior written consent, for so long as Bank has an obligation to make Credit Extensions or
there are any outstanding Obligations: 
  

	7.1	Dispositions. 

  
 Convey, sell, lease, transfer or otherwise dispose of (collectively “Transfer”) all or any part of its business or property, except for
Transfers (i) of Inventory in the ordinary course of business; (ii) of non-exclusive licenses and similar arrangements for the use of the property of Borrower in the ordinary course of business, or (iii) of worn-out or obsolete Equipment.

  
  

 7 

	7.2	Changes in Business, Ownership, Management or Business Locations. 

  
 Engage in any business other than the businesses currently engaged in by Borrower or reasonably related thereto or have a material change in its
management or a change in its ownership of greater than twenty-five percent (25%) (other than by the sale of Borrower’s equity securities in a public offering or to venture capital investors so long as Borrower identifies and advises Bank of
the venture capital investors prior to the closing of the investment). Borrower will not, without at least thirty (30) days prior written notice, change its state of formation, relocate it chief executive office or add any new offices or businesses
locations. 
  

	7.3	Mergers or Acquisitions. 

  
 Merge or consolidate with any other Person, or acquire all or substantially all of the capital stock or property of another Person. 
  

	7.4	Indebtedness. 

  
 Create, incur, assume, or be liable for any Indebtedness, other than Permitted Indebtedness. 
  

	7.5	Encumbrance. 

  
 Create, incur, or allow any Lien on any of its property, or assign or convey any right to receive income, including the sale of any Accounts, except for
Permitted Liens, or permit any Collateral not to be subject to the first priority security interest granted here, subject to Permitted Liens. 
  

	7.6	Distributions; Investments. 

  
 Directly or indirectly acquire or own any Person, or make any Investment in any Person, other than Permitted Investments. Pay any dividends or make any
distribution or payment or redeem, retire or purchase any capital stock. 
  

	7.7	Transactions with Affiliates. 

  
 Directly or indirectly enter into or permit to exist any material transaction with any Affiliate of Borrower except for transactions that are in the
ordinary course of Borrower’s business, upon fair and reasonable terms that are no less favorable to Borrower than would be obtained in an arm’s length transaction with a nonaffiliated Person. 
  

	7.8	Subordinated Debt. 

  
 Make or permit any payment on any Subordinated Debt, except under the terms of the Subordinated Debt, or amend any provision in any document relating to
the Subordinated Debt without Bank’s prior written consent. 
  

	7.9	Compliance. 

  
 Become an “investment company” or a company controlled by an “investment company,” under the Investment Company Act of 1940 or
undertake as one of its important activities extending credit to purchase or carry margin stock, or use the proceeds of any Credit Extension for that purpose; fail to meet the minimum funding requirements of ERISA, permit a Reportable Event or
Prohibited Transaction, as defined in ERISA, to occur; fail to comply with the Federal Fair Labor Standards Act or violate any other law or regulation, if the violation could reasonably be expected to have a material adverse effect on
Borrower’s business or operations or 
  

 8 

 would reasonably be expected to cause a Material Adverse Change, or permit any of its Subsidiaries to do so. 

 

	7.10	Registration of Copyrights. 

  
 Borrower will not register any Copyrights without giving Bank prior written notice. 
  

	8.	EVENTS OF DEFAULT 

  
 Any one of the following is an Event of Default: 
  

	8.1	Payment Default 

  
 If Borrower fails to pay any of the Obligations within three (3) Business Days after their due date. During the additional period the failure to cure the
default is not an Event of Default (but no Credit Extension will be made during the cure period); 
  

	8.2	Covenant Default. 

  
 (a) If Borrower fails to perform any obligation under Sections 6.2 or 6.7 or violates any of the covenants contained in Article 7 of this Agreement, or

  
 (b) If Borrower fails or neglects to perform, keep, or observe
any other material term, provision, condition, covenant, or agreement contained in this Agreement, in any of the Loan Documents, or in any other present or future agreement between Borrower and Bank and as to any default under such other term,
provision, condition, covenant or agreement that can be cured, has failed to cure such default within ten (10) days after the occurrence thereof; provided, however, that if the default cannot by its nature be cured within the ten (10) day period or
cannot after diligent attempts by Borrower be cured within such ten (10) day period, and such default is likely to be cured within a reasonable time, then Borrower shall have an additional reasonable period (which shall not in any case exceed thirty
(30) days) to attempt to cure such default, and within such reasonable time period the failure to have cured such default shall not be deemed an Event of Default (provided that no Credit Extensions will be made during such cure period); 

 

	8.3	Material Adverse Change. 

  
 If there (i) occurs a material adverse change in the business, operations, or condition (financial or otherwise) of the Borrower, or (ii) is a material
impairment of the prospect of repayment of nay portion of the Obligations or (iii) is a material impairment of the value or priority of Bank’s security interests in the Collateral. 
  

	8.4	Attachment. 

  
 If any material portion of Borrower’s assets is attached, seized, levied on, or comes into possession of a trustee or receiver and the attachment,
seizure or levy is not removed in ten (10) days, or if Borrower is enjoined, restrained, or prevented by court order from conducting a material part of its business or if a judgment or other claim becomes a Lien on a material portion of
Borrower’s assets, or if a notice of lien, levy, or assessment is filed against any of Borrower’s assets by any government agency and not paid within ten (10) days after Borrower receives notice. These are not Events of Default if stayed
or if a bond is posted pending contest by Borrower (but no Credit Extensions will be made during the cure period); 
  

 9 

	8.5	Insolvency. 

  
 If Borrower becomes insolvent or if Borrower begins an Insolvency Proceeding or an Insolvency Proceeding is begun against Borrower and not dismissed or
stayed within thirty (30) days (but no Credit Extensions will be made before any Insolvency Proceeding is dismissed); 
  

	8.6	Other Agreements. 

  
 If there is a default in any agreement between Borrower and a third party that gives the third party the right to accelerate any Indebtedness exceeding
$100,000 or that could cause a Material Adverse Change; 
  

	8.7	Judgments. 

  
 If a money judgment(s) in the aggregate of at least $100,000 is rendered against Borrower and is unsatisfied and unstayed for ten (10) days (but no Credit
Extensions will be made before the judgment is stayed or satisfied); 
  

	8.8	Misrepresentations. 

  
 If Borrower or any Person acting for Borrower makes any material misrepresentation or material misstatement now or later in any warranty or representation
in this Agreement or in any writing delivered to Bank or to induce Bank to enter this Agreement or any Loan Document. 
  

	9.	BANK’S RIGHTS AND REMEDIES 

  

	9.1	Rights and Remedies. 

  
 When an Event of Default occurs and continues Bank may, without notice or demand, do any or all of the following: 
  
 (a) Declare all Obligations immediately due and payable (but if an Event of
Default described in Section 8.5 occurs all Obligations are immediately due and payable without any action by Bank); 
  
 (b) Stop advancing money or extending credit for Borrower’s benefit under this Agreement or under any other agreement between Borrower and Bank;

  
 (c) Settle or adjust disputes and claims directly with account
debtors for amounts, on terms and in any order that Bank considers advisable; 
  
 (d) Make any payments and do any acts it considers necessary or reasonable to protect its security interest in the Collateral. Borrower will assemble the Collateral if Bank requires and make it available as Bank
designates. Bank may enter premises where the Collateral is located, take and maintain possession of any part of the Collateral, and pay, purchase, contest, or compromise any Lien which appears to be prior to superior to its security interest and
pay all expenses incurred. Borrower grants Bank a license to enter and occupy any of its premises, without charge, to exercise any of Bank’s rights or remedies; 
  
 (e) Apply to the Obligations any (i) balances and deposits of Borrower with Bank or its Affiliate it holds, or (ii) amount
held by Bank owing to or for the credit or the account of Borrower; 
  
 (f) Ship, reclaim, recover, store, finish, maintain, repair, prepare for sale, advertise for sale, and sell the Collateral. Bank is granted a non-exclusive, royalty-free license or other right to use, without charge, Borrower’s labels,
Patents, Copyrights, rights to use of any name, 
  

 10 

 trade secrets, trade names. Trademarks, service marks, and advertising matter, or any similar property as it pertains to
the Collateral, in completing production of, advertising for sale, and selling any Collateral and, in connection with Bank’s exercise of its rights under this Section. Borrower’s rights under all licenses and all franchise agreements inure
to Bank’s benefit; and 
  
 (g) Dispose of the Collateral
according to the Code. 
  

	9.2	Power of Attorney. 

  
 Effective only when an event of Default occurs and continues, Borrower irrevocably appoints Bank as its lawful attorney to: (i) endorse Borrower’s
name on any checks or other forms of payment or security; (ii) sign Borrower’s name on any invoice or bill of lading for any Account or drafts against account debtors, (iii) make, settle, and adjust all claims under Borrower’s insurance
policies; (iv) settle and adjust disputes and claims about the Accounts directly with account debtors, for amounts and on terms Bank determines reasonable; and (v) transfer the Collateral into the name of Bank or a third party as the Code permits.
Bank may exercise the power of attorney to sign Borrower’s name on any documents necessary to perfect or continue the perfection of any security interest regardless of whether an Event of Default has occurred. Bank’s appointment as
Borrower’s attorney in fact, and all of Bank’s rights and powers, coupled with an interest, are irrevocable until all Obligations have been fully repaid and performed and Bank’s obligation to provide Credit Extensions terminates.

  

	9.3	Accounts Collection. 

  
 When an Event of Default occurs and continues, Bank may notify any Person owing Borrower money of Bank’s security interest in the funds and verify
the amount of the Account. Borrower must collect all payments in trust for Bank and, if requested by Bank, immediately deliver the payments to Bank in the form received from the account debtor, with proper endorsements for deposit. 
  

	9.4	Bank Expenses. 

  
 If Borrower fails to pay any amount or furnish any required proof of payment to third persons, Bank may make all or part of the payment or obtain
insurance policies required in Section 6.5, and take any action under the policies Bank deems prudent. Any amounts paid by Bank are Bank Expenses and immediately due and payable, bearing interest at the then applicable rate and secured by the
Collateral. No payments by Bank are deemed an agreement to make similar payments in the future or Bank’s waiver of any Event of Default. 
  

	9.5	Bank’s Liability for Collateral. 

  
 If Bank complies with reasonable banking practices and the Code, it is not liable for: (a) the safekeeping of the Collateral; (b) any loss or damage to
the Collateral; (c) any diminution in the value of the Collateral; or (d) any act or default of any carrier, warehouseman, bailee, or other person. Borrower bars all risk of loss, damage or destruction of the Collateral. 
  

	9.6	Remedies Cumulative. 

  
 Bank’s rights and remedies under this Agreement, the Loan Documents, and all other agreements are cumulative. Bank has all rights and remedies
provided under the Code, by law, or in equity. Bank’s exercise of one right or remedy is not an election, and Bank’s waiver of any Event of Default is not a continuing waiver. Bank’s delay is not a waiver, election, or 
  

 11 

 acquiescence. No waiver is effective unless signed by Bank and then is only effective for the specific instance and
purpose for which it was given. 
  

	9.7	Demand Waiver. 

  
 Borrower waives demand, notice of default or dishonor, notice of payment and nonpayment, notice of any default, nonpayment at maturity, release,
compromise, settlement, extension, or renewal of accounts, documents, instruments, chattel paper, and guarantees held by Bank on which Borrower is liable. 
  

	10.	NOTICES 

  
 All notices or demands by any party about this Agreement or any other related agreement must be in writing and be personally delivered or sent by an
overnight delivery service, by certified mail, postage prepaid, return receipt requested, or by telefacsimile to the addresses set forth at the beginning of this Agreement. A party may change its notice address by giving the other party written
notice. 
  

	11.	CHOICE OF LAW, VENUE AND JURY TRIAL WAIVER 

  
 The laws of the State of California govern the Loan Documents, without regard to principles of conflicts of law. Borrower and Bank each submit to the
exclusive jurisdiction of the State and Federal courts in Santa Clara County, California. 
  
 BORROWER AND BANK EACH WAIVE THEIR RIGHT TO A JURY TRIAL OF ANY CLAIM OR CAUSE OF ACTION ARISING OUT OF ANY OF THE LOAN DOCUMENTS OR ANY CONTEMPLATED TRANSACTION, INCLUDING CONTRACT, TORT, BREACH OF DUTY AND ALL
OTHER CLAIMS. THIS WAIVER IS A MATERIAL INDUCEMENT FOR BOTH PARTIES TO ENTER INTO THIS AGREEMENT. EACH PARTY HAS REVIEWED THIS WAIVER WITH ITS COUNSEL. 
  

	12.	GENERAL PROVISIONS 

  

	12.1	Successors and Assigns. 

  
 This agreement binds and is for the benefit of the successors and permitted assigns of each party. Borrower may not assign this Agreement or any rights
under it without Bank’s prior written consent which may be granted or withheld in Bank’s discretion. Bank has the right, without the consent of or notice to Borrower, to sell, transfer, negotiate, or grant participation in all or any part
of, or any interest in, Bank’s obligations, rights and benefits under this Agreement. 
  

	12.2	Indemnification. 

  
 Borrower will indemnify, defend and hold harmless Bank and its officers, employees, and agents against: (a) all obligations, demands, claims, and
liabilities asserted by any other party in connection with the transactions contemplated by the Loan Documents; and (b) all losses or Bank Expenses incurred, or paid by Bank from, following, or consequential to transactions between Bank and Borrower
(including reasonable attorneys fees and expenses), except for losses caused by Bank’s gross negligence or willful misconduct. 
  

	12.3	Time of Essence. 

  
 Time is of the essence for the performance of all obligations in this Agreement. 
  
  

 12 

	12.4	Severability of Provision. 

  
 Each provision of this Agreement is severable from every other provision in determining the enforceability of any provision. 
  

	12.5	Amendments in Writing, Integration. 

  
 All amendments to this Agreement must be in writing and signed by Borrower and Bank. This Agreement represents the entire agreement about this subject
matter, and supersedes prior negotiations or agreements. All prior agreements, understandings, representations, warranties, and negotiations between the parties about the subject matter of this Agreement merge into this Agreement and the Loan
Documents. 
  

	12.6	Counterparts. 

  
 This Agreement may be executed in any number of counterparts and by different parties on separate counterparts, each of which, when executed and
delivered, are an original, and all taken together, constitute one Agreement. 
  

	12.7	Survival. 

  
 All covenants, representations and warranties made in this Agreement continue on full force while any Obligations remain outstanding. The obligations of
Borrower in Section 12.2 to indemnify Bank will survive until all statutes of limitations for actions that may be brought against Bank have run. 
  

	12.8	Confidentiality. 

  
 In handling any confidential information, Bank will exercise the same degree of care that it exercises for its own proprietary information, but disclosure
of information may be made (i) to Bank’s subsidiaries or affiliates in connection with their business with Borrower, (ii) to prospective transferees or purchasers of any interest in the loans (provided, however, Bank shall use commercially
reasonable efforts in obtaining such prospective transferee or purchasers agreement of the terms of this provision), (iii) as required by law, regulation, subpoena, or other order, (iv) as required in connection with Bank’s examination or audit
and (v) as Bank considers appropriate in exercising remedies under this Agreement. Confidential information does not include information that either: (a) I sin the public domain or in Bank’s possession when disclosed to Bank, or becomes part of
the public domain after disclosure to Bank; or (b) is disclosed to Bank by a third party, if Bank does not know that the third party is prohibited from disclosing the information. 
  

	12.9	Effective Date. 

  
 Notwithstanding anything set forth in this Agreement or any Loan Document to the contrary, this Agreement and all of the Loan Documents shall not be
effective until the date on which the Bank executes this Agreement as indicated on the signature page to this Agreement. 
  

	12.10	Attorneys’ Fees, Costs and Expenses. 

  
 In any action or proceeding between Borrower and Bank arising out of the Loan Documents, the prevailing party will be entitled to recover its reasonable
attorneys’ fees and other reasonable costs and expenses incurred, in addition to any other relief to which it may be entitled. 
  
  

 13 

	13.	DEFINITIONS 

  

	13.1	Definitions. 

  
 In this Agreement: 
  
 “Accounts” has the meaning set forth in the Code and includes all existing and later arising accounts, contract rights, and other
obligations owed Borrower in connection with its sale or lease of goods (including licensing software and other technology) or provision of services, all credit insurance, guaranties, other security and all merchandise returned or reclaimed by
Borrower and Borrower’s Books relating to any of the foregoing. 
  
 “Advance” or “Advances” is a loan advance (or advances) under the Committed Revolving Line. 
  
 “Affiliate” of a Person is a Person that owns or controls directly or indirectly the Person, any Person that controls or is controlled by
or is under common control with the Person, and each of that Person’s senior executive officers, directors, partners and, for any Person that is a limited liability company, that Person’s managers and members. 
  
 “Bank Expenses” are all audit fees and expenses and
reasonable costs and expenses (including reasonable attorneys’ fees and expenses) for preparing, negotiating, and administering, defending and enforcing the Loan Documents (including appeals or Insolvency Proceedings). 
  
 “Borrower’s Books” are all Borrower’s books and
records including ledgers, records regarding Borrower’s assets or liabilities, the Collateral, business operations or financial condition and all computer programs or discs or any equipment containing the information. 
  
 “Borrowing Base” is (i) eighty percent (80%) of Eligible
Accounts plus (ii) seventy percent (70%) of Eligible Foreign Accounts, provided that such Eligible Foreign Accounts do not exceed thirty-five percent (35%) of the Borrowing Base, plus (iii) ninety percent (90%) of Eligible Accounts
supported by Letters of Credit, as determined by Bank from Borrower’s most recent Borrowing Base Certificate; provided, however, that Bank may lower the percentage of the Borrowing Base after performing an audit of Borrower’s
Collateral. 
  
 “Business Day” is any day that is
not a Saturday, Sunday or a day on which the Bank is closed. 
  
 “Cash Management Services” are defined in Section 2.1.4. 
  
 “Closing Date” is the date of this Agreement. 
  
 “Code” is the California Uniform Commercial Code. 
  
 “Collateral” is the property described on Exhibit A. 
  
 “Committed Revolving Line” is an Advance of up to Four Million and No/100 Dollars ($4,000,000.00).

  
 “Contingent Obligation” is, for any Person,
any direct or indirect liability, contingent or not, of that Person for (i) any indebtedness, lease, dividend, letter of credit or other obligation of another such as an obligation directly or indirectly guaranteed, endorsed, co-made, discounted or
sold with recourse by that Person, or for which that Person is directly or indirectly liable; (ii) any obligations for undrawn letters of credit for the account of that Person; and (iii) all obligations from any interest rate, currency or commodity
swap agreement, interest rate cap or collar 
  

 14 

 agreement, or other agreement or arrangement designated to protect a Person against fluctuation in interest rates,
currency exchange rates or commodity prices; but “Contingent Obligation” does not include endorsements in the ordinary course of business. The amount of a Contingent Obligation is the stated or determined amount of the primary obligation
for which the Contingent Obligation is made or, if not determinable, the maximum reasonably anticipated liability for it determined by the Person in good faith; but the amount may not exceed the maximum of the obligations under the guarantee or
other support arrangement. 
  
 “Copyrights” are
all copyright rights, applications or registrations and like protections in each work or authorship or derivative work, whether published or not (whether or not it is a trade secret) now or later existing, created, acquired or held. 
  
 “Credit Extension” is each Advance, Letter of Credit,
Exchange Contract, or any other extension of credit by Bank for Borrower’s benefit. 
  
 “Current Liabilities” are the aggregate amount of Borrower’s Total Liabilities which mature within one (1) year. 
  
 “Eligible Accounts” are Accounts in the ordinary course of Borrower’s business that meet all
Borrower’s representations and warranties in Section 5; but Bank may change eligibility standards by giving Borrower notice. Unless Bank agrees otherwise in writing, Eligible Accounts will not include: 
  
 (a) Accounts that the account debtor has not paid within 90 days of invoice
date; 
  
 (b) Accounts for an account debtor, 50% or more of whose
Accounts have not been paid within 90 days of invoice date; 
  
 (c) Credit balances over 90 days from invoice date; 
  
 (d) Accounts for an account debtor, including Affiliates, whose total obligations to Borrower exceed 25% of all Accounts, for the amounts that exceed that percentage, unless the Bank approves in writing; 
  
 (e) Accounts for which the account debtor does not have its principal place
of business in the United States, except for Eligible Foreign Accounts; 
  
 (f) Accounts for which the account debtor is a federal, state or local government entity or any department, agency, or instrumentality; 
  
 (g) Accounts for which Borrower owes the account debtor, but only up to the amount owed (sometimes called “contra” accounts, accounts payable,
customer deposits or credit accounts); 
  
 (h) Accounts for
demonstration or promotional equipment, or in which goods are consigned, sales guaranteed, sale or return, sale on approval, bill and hold, or other terms if account debtor’s payment may be conditional; 
  
 (i) Accounts for which the account debtor is Borrower’s Affiliate,
officer, employee, or agent; 
  
 (j) Accounts in which the account
debtor disputes liability or makes any claim and Bank believes there may be a basis for dispute (but only up to the disputed or claimed amount), 
  

 15 

 or if the Account Debtor is subject to an Insolvency Proceeding, or becomes insolvent, or goes out of business;

  
 (k) Accounts for which Bank reasonably determines collection
to be doubtful. 
  
 “Eligible Accounts Supported by
Letters of Credit” are all existing and arising Accounts that are supported by letter(s) of credit advised, negotiated and approved by Bank. 
  
 “Eligible Foreign Accounts” are Accounts for which the account debtor does not have its principal place of business in the United States
but are: (i) covered by credit insurance satisfactory to Bank, less any deductible; or (ii) approved by the Bank in writing; or (iii) owing from Ericsson, Nokia, Siemens, Samsung or Flextronics Manufacturing H.K. Ltd. 
  
 “Equipment” has the meaning set forth in the Code and
includes all present and future machinery, equipment, tenant improvements, furniture, fixtures, vehicles, tools, parts and attachments in which Borrower has any interest. 
  
 “ERISA” is the Employment Retirement Income Security Act of 1974, and its regulations. 
  
 “FX Forward Contract” is defined in Section 2.1.3.

  
 “FX Reserve” is defined in Section 2.1.3.

  
 “GAAP” is generally accepted accounting
principles. 
  
 “Indebtedness” is (i)
indebtedness for borrowed money or the deferred price of property or services, such as reimbursement and other obligations for surety bonds and letters of credit, (ii) obligations evidenced by notes, bonds, debentures or similar instruments, (iii)
capital lease obligations, and (iv) Contingent Obligations. 
  
 “Insolvency Proceeding” are proceedings by or against any Person under the United States Bankruptcy Code, or any other bankruptcy or insolvency law, including assignments for the benefit of creditors, compositions,
extensions generally with its creditors, or proceedings seeking reorganization, arrangement, or other relief. 
  
 “Intellectual Property” is: 
  
 (a) Copyrights, Trademarks, and Patents, including amendments, renewals, extensions, and all licenses or other rights to use and all license fees and
royalties from the use; 
  
 (b) Any trade secrets and any
intellectual property rights in computer software and computer software products now or later existing, created, acquired or held; 
  
 (c) All design rights which may be available to Borrower now or later created, acquired or held; 
  
 (d) Any claims for damages (past, present or future) for infringement of any
of the rights above, with the right, but not the obligation, to sue and collect damages for use or infringement of the intellectual property rights above; 
  
 All Proceeds and products of the foregoing, including all insurance, indemnity or warranty payments. 
  
 “Inventory” has the meaning set forth in the Code and
includes present and future inventory in which Borrower has any interest, including merchandise, raw materials, parts, 
  

 16 

 supplies, packing and shipping materials, work in process and finished products intended for sale or lease or to be
furnished under a contract of service, of every kind and description now or later owned by or in the custody or possession, actual or constructive, of Borrower, including inventory temporarily out of its custody or possession or in transit and
including returns on any accounts or other Proceeds from the sale or disposition of any of the foregoing and any documents of title. 
  
 “Investment” is any beneficial ownership of (including stock, partnership interest or other securities) any Person, or any loan, advance
or capital contribution to any Person. 
  
 “Letter of
Credit” is defined in Section 2.1.2. 
  
 “Letter-of-credit right” means a right to payment or performance under a letter of credit, whether or not the beneficiary has demanded or is at the time entitled to demand payment or performance. 
  
 “Lien” is a mortgage, lien, deed of trust, charge, pledge,
security interest or other encumbrance. 
  
 “Loan
Documents” are, collectively, this Agreement, the Negative Pledge Agreement, any notes or guaranties executed by Borrower, and any other present or future agreement between Borrower and/or for the benefit of Bank in connection with this
Agreement, all as amended, extended or restated. 
  
 “Material Adverse Change” has the meaning set forth in Section 8.33. 
  
 “Negative Pledge Agreement” means that certain Negative Pledge Agreement by and between Borrower and Bank of even date herewith. 
  
 “Obligations” are debts, principal, interest, Bank Expenses and other amounts Borrower owes Bank now or
later, including cash management services, letters of credit and foreign exchange contracts, if any and including interest accruing after Insolvency Proceedings begin and debts, liabilities, or obligations of Borrower assigned to Bank. 

 
 “Patents” are patents, patent applications and like
protections, including improvements, divisions, continuations, renewals, reissues, extensions and continuations-in-part of the same. 
  
 “Permitted Indebtedness” is: 
  
 (a) Borrower’s indebtedness to Bank under this Agreement or any other Loan Document; 
  
 (b) Indebtedness existing on the Closing Date and shown on the Schedule; 
  
 (c) Subordinated Debt; 
  
 (d) Indebtedness to trade creditors incurred in the ordinary course of
business; and 
  
 (e) Indebtedness secured by Permitted Liens.

  
 “Permitted Investments” are: 
  
 (a) Investments shown on the Schedule and existing on the Closing Date; and

  
 (b) (i) marketable direct obligations issued or
unconditionally guaranteed by the United States or its agency or any State maturing within 1 year from its acquisition, (ii) commercial paper maturing no more than 1 year after its creation and having the highest 
  

 17 

 rating from either Standard & Poor’s Corporation or Moody’s Investors Service, Inc. and (iii) Bank’s
certificates of deposit issued maturing no more than 1 year after issue. 
  
 “Permitted Liens” are: 
  
 (a) Liens existing on the Closing Date and shown on the Schedule or arising under this Agreement or other Loan Documents; 
  
 (b) Liens for taxes, fees, assessments or other government charges or levies, either not delinquent or being contested in good faith and for which
Borrower maintains adequate reserves on its Books, if they have no priority over any of Bank’s security interests; 
  
 (c) Purchase money Liens (i) on Equipment acquired or held by Borrower or its Subsidiaries incurred for financing the acquisition of the Equipment, or
(ii) existing on equipment when acquired, if the Lien is confined to the property and improvements and the Proceeds of the equipment; 
  
 (d) Licenses or sublicenses granted in the ordinary course of Borrower’s business and any interest or title of a licensor or under any license or
sublicense, if the licenses and sublicenses permit granting Bank a security interest; 
  
 (e) Leases or subleases granted in the ordinary course of Borrower’s business, including in connection with Borrower’s leased premises or leased property; 
  
 (f) Liens incurred in the extension, renewal or refinancing of the
indebtedness secured by Liens described in (a) through (c), but any extension, renewal or replacement Lien must be limited to the property encumbered by the existing Lien and the principal amount of the indebtedness may not increase.

  
 “Person” is any individual, sole
proprietorship, partnership, limited liability company, joint venture, company association, trust, unincorporated organization, association, corporation, institution, public benefit corporation, firm, joint stock company, estate, entity or
government agency. 
  
 “Proceeds” has the meaning
described in the Code as in effect from time to time. 
  
 “Prime Rate” is Bank’s most recently announced “prime rate,” even if it is not Bank’s lowest rate. 
  
 “Quick Assets” is, on any date, the Borrower’s consolidated, unrestricted cash, cash equivalents, net billed accounts receivable and
investments with maturities of fewer than twelve (12) months determined according to GAAP. 
  
 “Registered Organization” means an organization organized solely under the law of a single state or the United States and as to which the state or the United States must maintain a public record
showing the organization to have been organized. 
  
 “Responsible Officer” is each of the Chief Executive Officer, the President, the Chief Financial Officer and the Controller of Borrower. 
  
 “Revolving Maturity Date” is March 22, 2004. 
  
 “Schedule” is any attached schedule of exceptions. 
  

 18 

 “Subordinated Debt” is debt incurred by Borrower subordinated to Borrower’s
indebtedness owed to Bank and which is reflected in a written agreement in a manner and form acceptable to Bank and approved by Bank in writing. 
  
 “Supporting Obligation” means a Letter-of-credit right, secondary obligation or obligation of a secondary obligor or that supports the
payment or performance of an account, chattel paper, a document, a general intangible, an instrument or investment property. 
  
 “Total Liabilities” is on any day, obligations that should, under GAAP, be classified as liabilities on Borrower’s consolidated
balance sheet, including all Indebtedness, and current portion Subordinated Debt allowed to be paid, but excluding all other Subordinated Debt. 
  
 “Trademarks” are trademark and servicemark rights, registered or not, applications to register and registrations and like protections,
and the entire goodwill of the business of Borrower connection with the trademarks. 
  
 [SIGNATURES APPEAR ON THE FOLLOWING PAGE] 
  

 19 

	 BORROWER:
  
 SIRF TECHNOLOGY, INC.

		
	By:	 	/s/    Walter D. Amaral        
	 	

	 	 	 Name: Walter D. Amaral
 Title: SRVP &
CFO

  

	 BANK:
  
 SILICON VALLEY BANK

		
	By:	 	/s/    Jason Hinde        
	 	

	 	 	 Name: Jason Hinde
 Title: Vice
President

  

 20 

 EXHIBIT A 
  
 The Collateral consists of all of Borrower’s right, title and interest in and to the following: 
  
 (a) All goods and equipment now owned or hereafter acquired, including,
without limitation, all machinery, fixtures, vehicles (including motor vehicles and trailers), and any interest in any of the foregoing, and all attachments, accessories, accessions, replacements, substitutions, additions, and improvements to any of
the foregoing, wherever located; All inventory, now owned or hereafter acquired, including, without limitation, all merchandise, raw materials, parts, supplies, packing and shipping materials, work in process and finished products including such
inventory as is temporarily out of Borrower’s custody or possession or in transit and including any returns upon any accounts or other Proceeds, resulting from the sale or disposition of any of the foregoing and any documents of title
representing any of the above; 
  
 (b) All contract rights and
general intangibles now owned or hereafter acquired, including, without limitation, goodwill, trademarks, servicemarks, trade styles, trade names, patents, patent applications, leases, license agreements, franchise agreements, blueprints, drawings,
purchase orders, customer lists, route lists, infringements, claims, computer programs, computer discs, computer tapes, literature, reports, catalogs, design rights, income tax refunds, payments of insurance and rights to payment of any kind;

  
 (c) All now existing and hereafter arising accounts, contract
rights, royalties, license rights and all other forms of obligations owing to Borrower arising out of the sale or lease of goods, the licensing of technology or the rendering of services by Borrower, whether or not earned by performance, and any and
all credit insurance, guaranties, and other security therefor, as well as all merchandise returned to or reclaimed by Borrower; 
  
 (d) All Letter-Of-Credit Rights (whether or not the letter of credit is evidenced by a writing); 
  
 (e) All documents, cash, deposit accounts, securities, securities
entitlements, securities accounts, investment property, financial assets, letters of credit, certificates of deposit, instruments and chattel paper now owned or hereafter acquired and Borrower’s Books relating to the foregoing; 
  
 (f) All copyright rights, copyright applications, copyright registrations and
like protections in each work of authorship and derivative work thereof, whether published or unpublished, now owned or hereafter acquired; all trade secret rights, including all rights to unpatented inventions, know-how, operating manuals, license
rights and agreements and confidential information, now owned or hereafter acquired; all mask work or similar rights available for the protection of semiconductor chips, now owned or hereafter acquired; all claims for damages by way of any past,
present and future infringement of any of the foregoing; and 
  
 (g) All Supporting Obligations and all Borrower’s Books relating to the foregoing and any and all claims, rights and interests in any of the above and all substitutions for, additions and accessions to and Proceeds thereof. 

 
 Borrower and Bank are parties to that certain Negative Pledge Agreement,
whereby Borrower, in connection with Bank’s loan or loans to Borrower, has agreed, among other things, 

 not to sell, transfer, assign, mortgage, pledge, lease grant a security interest in, or encumber any of its Intellectual
Property or enter into any agreement, document, instrument or other arrangement (except with or in favor of the Bank) with any Person which directly or indirectly prohibits or has the effect of prohibiting Borrower from selling, transferring,
assigning, mortgaging, pledging, leasing, granting a security interest in, or encumbering any of its Intellectual Property, without Bank’s prior written consent. 

 EXHIBIT B 
  
 Loan Payment/Advance Request Form 
 Deadline for Same Day Processing is 3:00 P.S.T 

	 Fax To:
408-            -            
	 	Date:
                            

  

	  ̈
	  	Loan Payment:         SIRF TECHNOLOGY, INC.	  	 
			
	 	  	 From Account #
                                       
 
                                 (Deposit Account #)
	  	 To Account #
                                        
        
                             (Loan Account #)

		
	 	  	Principal
$                             and/or interest
$                                        
    
		
	 	  	All Borrower’s representations and warranties in the Loan and Security Agreement are true, correct and complete in all material respects on the date of the
telephone transfer request for an advance, but those representations and warranties expressly referring to another date shall be true, correct and complete in all material respects as of the date:
		
	 	  	Authorized Signature:
                                        
     Phone Number:
                                       
 

  

	  ̈
	  	Loan Advance:         SIRF TECHNOLOGY, INC.	  	 
		
	 	  	Complete Outgoing Wire Request section below if all or a portion of the funds from this loan advance are for an outgoing
wire.
			
	 	  	 From Account #
                                       
 
                                 (Loan Account #)
	  	 To Account #
                                        
        
                             (Deposit Account #)

		
	 	  	Amount of Advance
$                        
		
	 	  	All Borrower’s representations and warranties in the Loan and Security Agreement are true, correct and complete in all material respects on the date of the
telephone transfer request for an advance, but those representations and warranties expressly referring to another date shall be true, correct and complete in all material respects as of the date:
		
	 	  	Authorized Signature:
                                        
     Phone Number:
                                       
 

  

	Outgoing Wire Request	  	 
	 Complete only if all or a portion of funds from the loan advance above are to be
wired.
 Deadline for same day processing is 12:00 p.m., P.S.T.

		
	Beneficiary Name:
                                    	  	Amount of Wire:
$                                       
 
		
	Beneficiary Bank:
                                    	  	Account Number:
                                       
 
		
	City and State:
                                        
                        	  	 
	Beneficiary Bank Transit (ABA) #:
                                	  	 Beneficiary Bank Code (Swift, Sort, Chip, etc.):             

 (For International Wire Only)

		
	Intermediary Bank:
                                	  	Transit (ABA) #:
                                    
	
	For Further Credit to:
                                        
                                        
                                        
                        
	
	Special Instruction:
                                        
                                        
                                        
                        
	
	By signing below, I (we) acknowledge and agree that my (our) funds transfer request shall be processed in accordance with and subject to the terms and conditions
set forth in the agreements(s) covering funds transfer service(s), which agreements(s) were previously received and executed by me (us).
		
	Authorized Signature:
                                        
    	  	2nd Signature (If Required):
                                        
    
		
	Print Name/Title:
                                        
    	  	Print Name/Title:
                                        
    
		
	Telephone #
                                        
    	  	Telephone #
                                        
    

 EXHIBIT C 
  
 BORROWING BASE CERTIFICATE 
  

	 Borrower: Sirf Technology, Inc.
148 E. Brokaw Road
San Jose, California 95112
	  	Bank:	  	 Silicon Valley Bank
 3003 Tasman
Drive
 Santa Clara, CA 95054

	 Commitment Amount: $4,000,000.00
	  	 	  	 
	

			
	 ACCOUNTS RECEIVABLE
	  	 	  	 
	 1.
	 	Accounts Receivable Book Value as of _____	  	 	  	$__________
	 2.
	 	Additions (please explain on reverse)	  	 	  	$__________
	 3.
	 	TOTAL ACCOUNTS RECEIVABLE	  	 	  	$__________
			
	 ACCOUNTS RECEIVABLE DEDUCTIONS (without duplication)
	  	 	  	 
	 4.
	 	 Amounts over 90 days due
	  	$__________	  	 
	 5.
	 	 Balance of 50% over 90 day accounts
	  	$__________	  	 
	 6.
	 	 Credit balances over 90 days
	  	$__________	  	 
	 7.
	 	 Concentration Limits*
	  	$__________	  	 
	 8.
	 	 Foreign Accounts, other than Eligible Foreign Accounts
	  	$__________	  	 
	 9.
	 	 Governmental Accounts
	  	$__________	  	 
	 10.
	 	Contra Accounts	  	$__________	  	 
	 11.
	 	Promotion or Demo Accounts	  	$__________	  	 
	 12.
	 	Intercompany/Employee Accounts	  	$__________	  	 
	 13.
	 	Other (please explain on reverse)	  	$__________	  	 
	 14.
	 	TOTAL ACCOUNTS RECEIVABLE DEDUCTIONS	  	 	  	$__________
	 15.
	 	Eligible Accounts (#3 minus #14)	  	$__________	  	 
	 16.
	 	Eligible Foreign Accounts* (up to 35% of Borrowing Base)	  	$__________	  	 
	 17.
	 	Eligible Accounts supported by Letter of Credit	  	$__________	  	 
	 18.
	 	LOAN VALUE OF ACCOUNTS (80% of #15 plus        %70 of #16 plus 90% of #17)	  	 	  	$__________
	
	* Ericsson, Nokia, Siemens, Samsung or Flextronics Manufacturing H.K. Ltd
			
	 BALANCES
	  	 	  	 
	 19.
	 	Maximum Loan Amount	  	$__________	  	 
	 20.
	 	Total Funds Available [Lesser of #19 or #18]	  	 	  	$__________
	 21.
	 	Present balance owing on Line of Credit	  	$__________	  	 
	 22.
	 	Outstanding under Sublimates (LC or FX)	  	$__________	  	 
	 23.
	 	RESERVE POSITION (#20 minus #21 and #22)	  	 	  	$__________

  
 The undersigned represents and
warrants that this is true, complete and correct, and that the information in this Borrowing Base Certificate complies with the representations and warranties in the Loan and Security Agreement between the undersigned and Silicon Valley Bank.

  

	 COMMENTS: 
	 	 	 	 BANK USE ONLY

	 	 	 	 	 Rec’d By:
	 	  

	By:	 	  

	 	 	 	 Date:
	 	 Auth. Signer
  

	 	 	 Name:
 Title:
	 	 	 	  
 Verified:
	 	  

	 	 	 	 	 	 	 	 	Auth. Signer
					
	 	 	 	 	 	 	 Date:
	 	  

	 	 	 	 	 	 	  
  

 EXHIBIT D 
  
 COMPLIANCE CERTIFICATE 
  

	TO:	 	SILICON VALLEY BANK
	 	 	 3003 Tasman Drive
 Santa Clara, CA
95054

		
	 FROM:
	 	 SIRF TECHNOLOGY, INC.
 148 E. Brokaw
Road
 San Jose, CA 95112

  
 The undersigned
authorized officer of SIRF TECHNOLOGY, INC. (“Borrower”) certifies that under the terms and conditions of the Loan and Security Agreement between Borrower and Bank (the “Agreement”), (i) Borrower is in compliance for the period
ending                      with all required covenants except as noted below and (ii) all representations and warranties in the Agreement are
true and correct on this date. Attached are the required documents supporting the certification. The Officer certifies that these are prepared in accordance with Generally Accepted Accounting Principles (GAAP) consistently applied from one period to
the next except as explained in an accompanying letter or footnotes. The Officer acknowledges that no borrowings may be requested at any time or date of determination that Borrower is not in compliance with any of the terms of the Agreement, and
that compliance is determined not just at the date this certificate is delivered. 
  
 Please indicate compliance status by circling Yes/No under “Complies” column. 
  

	 Reporting Covenant

	  	Required

	  	 	  	Complies

	 Monthly financial statements + CC
	  	Monthly within 30 days	  	 	  	Yes	 	No
	 Annual (Audited)
	  	FYE within 120 days	  	 	  	Yes	 	No
	 A/R & A/P Agings
	  	Monthly within 20 days	  	 	  	Yes	 	No
	 A/R Audit
	  	Initial and Annual	  	 	  	Yes	 	No
	 Borrowing Base Certificate
	  	Monthly within 20 days	  	 	  	Yes	 	No

  

	 Financial Covenant

	  	Required

	 	 	Actual

	  	Complies

	 Minimum Quick Ratio (monthly)
	  	 	2.00:1.00	 	 	 	_____:1.00	  	Yes	  	No
					
	 Profitability(Quarterly)
	  	 	 	 	 	 	 	  	 	  	 
	 March 31, 2003
	  	$	(750,000	)	 	$	__________	  	Yes	  	No
	 June 30, 2003
	  	$	(250,000	)	 	$	__________	  	Yes	  	No
	 September 30, 2003
	  	$	1	 	 	$	__________	  	Yes	  	No
	 December 31, 2003, and thereafter
	  	$	1	 	 	$	__________	  	Yes	  	No
			
	Have there been updates to Borrower’s intellectual property, if appropriate?	  	Yes	  	No

	 	 	 	

	 Comments Regarding Exceptions: See Attached.
	 	 	 	 BANK USE ONLY

				
	 Sincerely,
	 	 	 	 Received By:
	 	  

 AUTHORIZED SIGNER

				
	 SIRF TECHNOLOGY, INC.
	 	 	 	 Date:
	 	  

					
	 	 	 	 	 	 	 Verified:
	 	  

 AUTHORIZED SIGNER

					
	By:	 	  

	 	 	 	 Date:
	 	  

	 	 	 Name:
 Title:
  
	 	 	 	 Compliance Status
	 	 Yes
	 	 No

	 	 	 	 	 	

 Schedule to Loan and Security Agreement 
  
 The exact correct corporate name of Borrower is (attach a copy of the formation documents,
e.g., articles, partnership agreement): SiRF Technology, Inc.  
  
 Borrower’s State of formation: Delaware  
  
 Borrower has
operated under only the following other names (if none, so state): SiRF Technology Holdings, Inc.  
  
 All other address at which the Borrower does business are as follows (attach additional sheets if necessary and include all warehouse addresses): 
  
 Borrower has deposit accounts and/or investment accounts located only at the following institutions: 
  
 List Account Numbers: 
  
 Liens existing on the Closing Date and disclosed to and accepted by Bank in writing: 
  
 Investments existing on the Closing Date and disclosed to and accepted by Bank in writing:

  
 Subordinated Debt: 
  
 Indebtedness on the Closing Date and disclosed to and consented to by Bank in writing:

  
 The following is a list of the Borrower’s copyrights (including
copyrights of software) which are registered with the United States Copyright Office. (Please include name of the copyright and registration number and attach a copy of the registration): 
  
 The following is a list of all software which the Borrower sells, distributes or licenses to others, which are not registered with
the United States Copyright Office. (Please include versions which are not registered: 
  
 The following is a list of all of the Borrower’s patents which are registered with the United States Patent Office. (Please include name of the patent and registration number and attach a copy of the registration.): 

 The following is a list of all of the Borrower’s patents which are pending with the United States Patent Office.
(Please include name of the patent and a copy of the application.): 
  
 The
following is a list of all of the Borrower’s registered trademarks. (Please include name of the trademark and a copy of the registration.): 
  
 Borrower is not subject to litigation which would have a material adverse effect on the Borrower’s financial condition, except the following (attach additional
comments, if needed): 
  
 Tax ID Number 94-3219025  
  
 Organizational Number, if any: N/A  

 LOAN PAYMENT/ADVANCE REQUEST FORM

  
 DEADLINE
FOR SAME DAY PROCESSING IS 3:00 P.S.T 

	 Fax To:
408-            -            
	 	Date:
                            

  

	 ̈ LOAN PAYMENT:
        SIRF TECHNOLOGY, INC.	  	 
		
	 From Account #
                                       
 
                                 (Deposit Account #)
	  	 To Account #
                                        
        
                             (Loan Account #)

	
	Principal
$                             and/or interest
$                                        
    
	
	All Borrower’s representations and warranties in the Loan and Security Agreement are true, correct and complete on the date of the telephone transfer request for
an advance, but those representations and warranties expressly referring to another date shall be true, correct and complete in all material respects s of the date:
	
	Authorized Signature:
                                        
     Phone Number:
                                       
 

  

	 ̈ LOAN ADVANCE:
        SIRF TECHNOLOGY, INC.	  	 
	
	Complete Outgoing Wire Request section below if all or a portion of the funds from this loan advance are for an outgoing
wire.
		
	 From Account #
                                        
                
                                 (Loan Account #)
	  	 To Account #
                                        
        
                             (Deposit Account #)

	
	Amount of Advance
$                        
	
	All Borrower’s representations and warranties in the Loan and Security Agreement are true, correct and complete in all material respects on the date of the
telephone transfer request for an advance, but those representations and warranties expressly referring to another date shall be true, correct and complete in all material respects as of the date:
	
	Authorized Signature:
                                        
     Phone Number:
                                       
 

  

		
	OUTGOING WIRE REQUEST	  	 
	
	 Complete only if all or a portion of funds from the loan advance above are to be
wired.
  
 Deadline for same day processing is 12:00 p.m.,
P.S.T.

		
	Beneficiary Name: Troutman Sanders LLP            	  	 Amountof Wire:
$                                       
 

		
	Beneficiary Bank: Wachovia Bank, National Association    	  	 AccountNumber: 2052700305792              

		
	City and State: Atlanta, GA                 	  	 
		
	Beneficiary Bank Transit (ABA) #:
0  6  1  0  0  0  2  2  7	  	 Beneficiary Bank Code (Swift, Sort, Chip, etc.):             

 (For International Wire Only)

		
	Intermediary Bank:
                                	  	Transit (ABA) #:
                                    
	
	For Further Credit to:
                                        
                                        
                                        
                        
	
	Special Instruction:
                                        
                                        
                                        
                        
	
	By signing below, I (we) acknowledge and agree that my (our) funds transfer request shall be processed in accordance with and subject to the terms and conditions
set forth in the agreements(s) covering funds transfer service(s), which agreements(s) were previously received and executed by me (us).
		
	Authorized Signature:
                                        
    	  	2nd Signature (If Required):
                                        
    
		
	Print Name/Title:
                                        
    	  	Print Name/Title:
                                        
    
		
	Telephone #
                                        
    	  	Telephone #
                                        
    

 CORPORATE BORROWING RESOLUTION 
  

				
	Borrower:	  	 Sirf Technology, Inc.
 148 E. Brokaw
Road
 San Jose, California 95112
	  	 Bank:
	  	 Silicon Valley Bank
 3003 Tasman
Drive
 Santa Clara, California 95054

  
 I, the Secretary or Assistant
Secretary of SIRF TECHNOLOGY, INC. (“Borrower”), CERTIFY that Borrower is a corporation existing under the laws of the State of Delaware. 
  
 I certify that at a meeting of Borrower’s Directors (or by other authorized corporate action) duly held the following resolutions were adopted. 
  
 It is resolved that any one of the following officers of Borrower, whose name, title
and signature is below: 
  

	 NAMES

	  	 	  	 POSITIONS

	  	 	  	 ACTUAL SIGNATURES

	 Walter Amaral

	  	 	  	 CFO VP Finance

	  	 	  	 /s/ Walter D. Amaral

	 Dennis Bencala

	  	 	  	 Controller

	  	 	  	 /s/ Dennis Bencala

	 Kanwar Chada

	  	 	  	 VP Sales

	  	 	  	 /s/ Kanwar Chadha

					
	
	  	 	  	
	  	 	  	

  
 may act for Borrower and: 

 
 Borrow Money. Borrow money from Silicon Valley Bank
(“Bank”). 
  
 Execute Loan Documents. Execute
any loan documents Bank requires. 
  
 Grant Security.
Grant Bank a security interest in any of Borrower’s assets. 
  
 Negotiate Items. Negotiate or discount all drafts, trade acceptances, promissory notes, or other indebtedness in which Borrower has an interest and receive cash or otherwise use the proceeds. 
  
 Letters of Credit. Apply for letters of credit from Bank. 

 
 Foreign Exchange Contracts. Execute spot or forward foreign
exchange contracts. 
  
 Issue Warrants. Issue warrants for
Borrower’s stock. 
  
 Further Acts. Designate other
individuals to request advances, pay fees and costs and execute other documents or agreements (including documents or agreement that waive Borrowers right to a jury trial) they think necessary to effectuate these Resolutions. 
  
 Further resolved that all acts authorized by these Resolutions and performed before
they were adopted are ratified. These Resolutions remain in effect and Bank may rely on them until Bank receives written notice of their revocation. 
  
 I certify that the persons listed above are Borrower’s officers with the titles and signatures shown following their names and that these resolutions have not
been modified are currently effective. 
  
 [SIGNATURES APPEAR
ON THE FOLLOWING PAGE] 

 CERTIFIED TO AND ATTESTED BY: 
  

		
	x	 	 /s/    Kanwar Chadha        

	 	

	 	 	*Secretary or Assistant Secretary

  

		
	x	 	 /s/    Walter D. Amaral        

	 	

	 	 	 

  
 *NOTE: In case the Secretary or
other certifying officer is designated by the foregoing resolutions as one of the signing officers, this resolution should also be signed by a second Officer or Director of Borrower. 

 NEGATIVE PLEDGE AGREEMENT 
  
 THIS NEGATIVE PLEDGE AGREEMENT is made as of March     , 2003, by and between SIRF TECHNOLOGY,
INC. (“Borrower”) and SILICON VALLEY BANK (“Bank”). 
  
 In connection with, among other documents, the Loan and Security Agreement (the “Loan Documents”) being concurrently executed herewith between Borrower and Bank, Borrower agrees as follows: 
  
 1. Borrower shall not sell, transfer, assign, mortgage, pledge, lease, grant
a security interest in, or encumber, or enter into any agreement, document, instrument or other arrangement (except with or in favor of Bank) with any Person which directly or indirectly prohibits or has the effect of prohibiting Borrower from
selling, transferring, assigning, mortgaging, pledging, leasing, granting a security interest in or upon, or encumbering any of Borrower’s intellectual property, including, without limitation, the following: 
  

	 	(a)	Any and all copyright rights, copyright applications, copyright registrations and like protections in each work or authorship and derivative work thereof, whether published or
unpublished and whether or not the same also constitutes a trade secret, now or hereafter existing, created, acquired or held; 

  

	 	(b)	All mask works or similar rights available for the protection of semiconductor chips, now owned or hereafter acquired; 

  

	 	(c)	Any and all trade secrets, and any and all intellectual property rights in computer software and computer software products now or hereafter existing, created, acquired or held;

  

	 	(d)	Any and all design rights which may be available to Borrower now or hereafter existing, created, acquired or held; 

  

	 	(e)	All patents, patent applications and like protections including, without limitation, improvements, divisions, continuations, renewals, reissues, extensions and continuations-in-part
of the same, including without limitation the patents and patent applications; 

  

	 	(f)	Any trademark and servicemark rights, whether registered or not, applications to register and registrations of the same and like protections, and the entire goodwill of the business
of Borrower connection with and symbolized by such trademarks; 

  

	 	(g)	Any and all claims for damages by way of past, present and future infringements of any of the rights included above, with the right, but not the obligation, to sue

 for and collect such damages for said use or infringement of the intellectual property
rights identified above; 
  

	 	(h)	All licenses or other rights to use any of the Copyrights, Patents or Trademarks, and all license fees and royalties arising from such use to the extent permitted by such license or
rights; 

  

	 	(i)	All amendments, extensions, renewals and extensions of any of the Copyrights, Trademarks or Patents; and 

  

	 	(j)	All proceeds and products of the foregoing, including without limitation all payments under insurance or any indemnity or warranty payable in respect of any of the foregoing:

  
 2. It shall be an event of default under the
Loan Documents between Borrower and Bank if there is a breach of any term of this Negative Pledge Agreement. 
  
 3. Capitalized terms used but not otherwise defined herein shall have the same meaning as in the Loan Documents. 
  
 [SIGNATURES APPEAR ON THE FOLLOWING PAGE] 

 BORROWER: 
  

	 SIRF TECHNOLOGY, INC.

		
	By:	 	 /s/    Walter D. Amaral

	 	

	 	 	Name: Walter D. Amaral
	 	 	Title: SRVP & CFO

  
 BANK: 
  

	 SILICON VALLEY BANK

		
	By:	 	 /s/    Jason Hinde

	 	

	 	 	Name: Jason Hinde
	 	 	Title: Vice President

  
  
  

 INVOICE FOR FEES AND/OR EXPENSES 
  

	BORROWER:	  	SIRFTECHNOLOGY, INC.	  	 
			
	FED. TAX ID#	  	____________________	  	 
			
	LOAN OFFICER:	  	Jason Hinde	  	 
			
	DATE:	  	March 24, 2003	  	 
			
	Loan Fees:	  	Loan Fee	  	$24,000
			
	Please indicate the method of payment:	  	 	  	 
			
	 	 	  ̈        A check for the total is attached
	  	 
			
	 	 	 x       Debit DDA# 351780270
for the total amount
	  	 
			
	 	 	  ̈        Loan proceeds
	  	 
			
	 Legal Fees
	  	Legal Fees and Expenses	  	$2,750

  
 Please attach a check in the amount
of $2,750 payable to “Troutman Sanders LLP” or sign and complete the attached form. 
  
 Borrower: 
  

	SIRF TECHNOLOGY, INC.	 	 	 	 
					
	By:	 	/s/    Walter D. Amaral	 	 	 	 	 	 Date: 3/26/03

	 	
	 	 	 	 	 	 
	 	 	Authorized Signer	 	 	 	 	 	 

  
 Lender: 
 Silicon Valley Bank 
  

	 	 	 	 	 
					
	By:	 	/s/    Jason Hinde	 	 	 	 	 	 Date: 3/26/03

	 	
	 	 	 	 	 	 
	 	 	Authorized Signer	 	 	 	 	 	 

 LOAN MODIFICATION AGREEMENT 
  
 This Loan Modification Agreement is entered into as of February 2, 2004, by and between Sirf Technology, Inc. (the “Borrower”) and
Silicon Valley Bank (“Bank”). 
  
 1.    DESCRIPTION OF EXISTING OBLIGATIONS:  Among other Obligations which may be owing by Borrower to Bank, Borrower is Indebted to Bank pursuant to, among other documents, an Amended and Restated Loan
and Security Agreement, dated March 27, 2003, as modified or amended from time to time, (the “Loan Agreement”). The Loan Agreement provides for, among other things, a Committed Revolving Line in the original principal amount of Four
Million Dollars ($4,000,000). Defined terms used but not otherwise defined herein shall have the same meanings as set forth in the Loan Agreement. 
  
 Hereinafter, all indebtedness owing by Borrower to Bank shall be referred to as the “Obligations.” 
  
 2.    DESCRIPTION OF COLLATERAL.  Repayment of the Obligations is secured by the Collateral as
described in the Loan Agreement. 
  
 Hereinafter, the above-described security
documents and guaranties, together with all other documents securing repayment of the Obligations shall be referred to as the “Security Documents”. Hereinafter, the Security Documents, together with all other documents evidencing or
securing the Obligations shall be referred to as the “Existing Loan Documents”. 
  
 3.    DESCRIPTION OF CHANGE IN TERMS. 
  
 A.    Modification(s) to Loan Agreement. 
  

	 	1.	The following defined terms under Section 13.1 entitled “Definitions” are hereby amended to read as follows: 

  

	 	 	“Borrowing Base” is (i) eighty percent (80%) of Eligible Accounts plus (ii) seventy percent (70%) of Eligible Foreign Account and plus (iii) ninety percent (90%) of
Eligible Accounts supported by Letters of Credit as determined by Bank from Borrower’s most recent Borrowing Base Certificate; provided, however, that Bank may lower the percentage of the Borrowing Base after performing an audit
of Borrower’s Collateral. 

  

	 	 	“Eligible Foreign Accounts” is hereby amended in part to include Motorola as an Eligible Foreign Account. 

  
 B.    Waiver of Covenant
Default(s). 
  

	 	1.	Bank hereby waives Borrower’s existing default under the Loan Agreement by virtue of Borrower’s failure to deliver to Bank its audited financial statements for the fiscal
year ended December 31, 2002 within 120 days following Borrower’s fiscal year end. Bank’s waiver of Borrower’s compliance of this covenant shall apply only to the foregoing period. Accordingly, Borrower will deliver to Bank such
financial statements no later than March 31, 2004 and be required to be in compliance with this covenant for each subsequent year beginning with the fiscal year ended December 31, 2003. 

  

	 	 	 Bank’s agreement to waive the above-described default (1) in no way shall be deemed an agreement by the Bank to waive Borrower’s compliance with the
above-described covenant as of all other dates and (2) shall not limit or impair the Bank’s 

	 	 
right to demand strict performance of this covenant as of all other dates and (3) shall not limit or impair the Bank’s right to demand strict
performance of all other covenants as of any date. 

  
 4.    CONSISTENT CHANGES.  The Existing Loan Documents are hereby amended wherever necessary to reflect the changes described above. 
  
 5.    NO DEFENSES OF BORROWER.  Borrower (and each guarantor and pledgor signing below) agrees that, as
of the date hereof, it has no defenses against paying any of the Obligations. 
  
 6.    CONTINUING VALIDITY.  Borrower (and each guarantor and pledgor signing below) understands and agrees that in modifying the existing Indebtedness, Bank is relying upon Borrower’s
representations, warranties, and agreements, as set forth in the Existing Loan Documents. Except as expressly modified pursuant to this Loan Modification Agreement, the terms of the Existing Loan Documents remain unchanged and in full force and
effect. Bank’s agreement to modifications to the existing Obligations pursuant to this Loan Modification Agreement in no way shall obligate Bank to make any future modifications to the Obligations. Nothing in this Loan Modification Agreement
shall constitute a satisfaction of the Obligations. It is the intention of Bank and Borrower to retain as liable parties all makers and endorsers of Existing Loan Documents, unless the party is expressly released by Bank in writing. Unless expressly
released herein, no maker, endorser, or guarantor will be released by virtue of this Loan Modification Agreement. The terms of this paragraph apply not only to this Loan Modification Agreement, but also to all subsequent loan modification
agreements. 
  
 This Loan Modification Agreement is executed as of
the date first written above. 
  

									
	 BORROWER:
  
 SIRF TECHNOLOGY, INC.
	 	 	 	 BANK:
  
 SILICON VALLEY BANK

					
	By:	 	/s/    DENNIS BENCALA	 	 	 	By:	 	/s/    ALLY XU
	 	 	
	 	 	 	 	 	

					
	Name:	 	Dennis Bencala	 	 	 	Name:	 	Ally Xu
	 	 	
	 	 	 	 	 	

					
	Title:	 	Corporate Controller	 	 	 	Title:	 	RM

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