Document:

2013 Management Bonus Plan

 Exhibit 10.2 
 VOLTERRA SEMICONDUCTOR CORPORATION 
 MANAGEMENT BONUS PLAN 

The following are the terms of the annual Management Bonus Plan approved by the Compensation Committee of the Board of Directors of Volterra
Semiconductor Corporation (the “Company”) on January 18, 2013 (the “Plan”). 
  

	A.	Purpose 

 1. The terms of the Plan have
been established to attract, motivate, retain and reward the Company’s executive officers for assisting the Company in achieving its operational goals through exemplary performance. 
 2. Under the Plan, cash bonuses, if any, will be based on both the achievement of specified individual and corporate goals as well as a review of personal performance, which will be determined at the
discretion of the Compensation Committee. 
  

	B.	Determination of Bonus Amounts 

 1. The
target bonus amount for each executive officer is based on a percentage of base salary paid to such executive officer during the year. 
 2. The
aggregate bonus pool available to be distributed to the chief executive officer and other executive officers of the Company will be based on the Company’s financial performance, as compared against certain net revenue and operating income goals
for the current year, excluding the impact of any stock-based compensation charges or other expenses excluded with the approval of the Compensation Committee. The percentage of the aggregate bonus pool for the executive officers of the Company
actually earned will be weighted such that fifty percent of the aggregate bonus pool will be based on the Company’s year-end net revenue results, as compared to current year internal targets, and fifty percent of the aggregate bonus pool will
be based on the Company’s year-end non-GAAP operating income, as compared to current year internal targets. The Board or the Board’s Compensation Committee may also modify the financial performance goals at any time based on business
changes during the year. The Company’s financial performance in the current year must exceed certain minimum financial performance goals for any bonuses to be paid under the Plan. 
 3. The percentage of the target bonus amount paid to the Company’s chief executive officer will be based solely on the Company’s financial performance. The percentage of the target bonus amount
paid to each of the other executive officers of the Company will be weighted such that fifty percent of the individual bonus amount will be based on the Company’s financial results and fifty percent of the individual bonus amount will be based
on meeting individual performance goals as established or revised by the Company’s chief executive officer, as reviewed by the Board or the Board’s Compensation Committee. The individual performance goals may vary based on the
Company’s strategic initiatives and the responsibilities of each executive officer. 
 4. A bonus for each executive officer may range from
0% (if minimum results are not achieved) to a maximum of 150% (if results exceed objectives). The Board or the Board’s Compensation Committee may grant bonuses to executive officers even if the financial or individual performance goals are not
met and may withhold or reduce bonuses even if the financial or individual performance goals are met. 
 5. To be eligible to receive a bonus,
executives must be employed as of the applicable bonus payment date. The bonus plan will be administered by the Compensation Committee, and the Compensation Committee will have sole power and discretion in administering the plan and controlling its
operation, including, but not limited to, the power to (a) determine which executives will be participants in the plan, (b) establish such eligibility and participation restrictions and requirements as it deems appropriate,
(c) prescribe the terms and conditions of the bonuses, (d) interpret the plan, (e) adopt rules for the administration, interpretation and application of the plan as are consistent herewith, and (f) interpret, amend or revoke any
such rules. The plan may be amended, suspended or terminated prematurely in the sole and absolute discretion of the Compensation Committee. 

6. This plan does not constitute a contract of employment or impose on either the employee or the Company, its subsidiaries or its successor any
obligation to retain the participant as an employee. This plan does not change the status of a participant as an employee at will, or the policies of the Company regarding termination of employment, nor guarantee further continuing participation in
the plan.Form of Securities Purchase Agreement

 Exhibit 10.1 
 SECURITIES PURCHASE AGREEMENT 
 This Securities
Purchase Agreement (“Agreement”) is entered into as of January     , 2013 by and between Quantum Fuel Systems Technologies Worldwide, Inc., a corporation organized under the laws of the State of Delaware (the
“Company”), on the one hand, and each Person set forth on the signature page hereto as a “Purchaser” hereunder (each a “Purchaser” and collectively the “Purchasers”), on the other hand.

 WHEREAS, subject to the terms and conditions set forth in this Agreement, the Company desires to issue and
sell to each Purchaser, and each Purchaser, severally and not jointly, desires to purchase from the Company, securities of the Company in a PIPE Transaction as set forth herein; 

NOW THEREFORE, in consideration of the foregoing premise and the covenants contained herein, and for other good and
valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the Company and each Purchaser agree as follows: 
 1. Incorporation by Reference; Definitions. 
  

	(a)	 Incorporation. This Agreement incorporates by reference, as if set forth herein in its entirety and including without limitation all terms,
conditions and provisions set forth therein, the PipeFund Services Organization Standard Transaction Document labeled GTC 8-11 (General Terms and Conditions) available and accessible at www.pipefund.com (“PST Document GTC”);
provided, however, that to the extent any of the terms, conditions or provisions of this Agreement (without such incorporation) contradict or conflict with the terms, conditions or provisions of PST Document GTC, this Agreement shall control.

  

	(b)	 Defined Terms. Each initially capitalized term used but not defined in this Agreement (including PST Document GTC as incorporated herein
pursuant to the preceding Section), and each initially capitalized term used but not defined in any other Transaction Document, shall have the meaning ascribed thereto in the PipeFund Services Organization Standard Transaction Document labeled DEF
8-11 (Definitions) available and accessible at www.pipefund.com. In addition: 

“Eligible Market” shall include the OTC Bulletin Board. 

“Recent Reports” shall include the Company’s most recent definitive proxy statement. 

2. Securities. The Company agrees to issue and sell, and each Purchaser agrees to purchase, severally and not jointly, in
consideration for payment by such Purchaser of its Subscription Amount indicated on such Purchaser’s signature page hereto, upon the terms and conditions contained in this Agreement, the following Securities: 

 

	(a)	 Notes. An OID Bridge Note Due December 31, 2013 of the Company, in the form attached hereto as Exhibit A, with an aggregate
original principal amount equal to 120% of such Purchaser’s Subscription Amount (and an aggregate original principal amount equal to $1,800,000 under all the Notes). 

  
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	(b)	 Warrants. A 5 1/2-year Warrant, in the form attached hereto as Exhibit B, to purchase such number of Warrant Shares as
is equal to such Purchaser’s Subscription Amount divided by $1.00, having an initial exercise price equal to $1.00 (with an aggregate number of Warrant Shares under all Warrants equal to 1,500,000 shares). 

 

	(c)	 Additional Warrants. An additional 5 1/2-year Warrant (“Additional Warrant”), in the form attached hereto as
Exhibit B, to purchase such number of Warrant Shares as is equal to one-third ( 1/3) of the number of Warrant Shares underlying such Purchaser’s Warrant issued under Section 2(b) above (with
an aggregate number of Warrant Shares under all Additional Warrants equal to 500,000 shares), provided that (i) such Additional Warrants shall be issued only if any Notes remain outstanding on July 2, 2013, (ii) the Exercise
Period (as defined in the Additional Warrants) shall commence on January 2, 2014 and terminate on January 2, 2019, and (iii) the Exercise Price under the Additional Warrants shall be the greater of (A) $0.01 above the
consolidated closing bid price of the Common Stock on the Principal Market on July 1, 2013, and (B) the Floor Price (as defined in the Warrants). No additional consideration shall be payable by the Purchasers in connection with the
Additional Warrants, and the Additional Warrants shall be issued and dated as of July 2, 2013 and be executed and delivered to the Purchasers on or before July 9, 2013. 

3. Purchase Price; Form of Payment; Closing. The aggregate Subscription Amount for the Notes and Warrants to be purchased by the
Purchasers hereunder shall be $1,500,000 (which shall also constitute the consideration for the Additional Warrants if such Additional Warrants are issued pursuant to the terms hereof). At Closing, each Purchaser shall pay such Purchaser’s
Subscription Amount by wire transfer in immediately available funds to the Company. There shall not be any Escrow Agreement for the Transactions nor any Funds Escrow Agent or Documents Escrow Agent, provided that the original Notes and Warrants
shall be delivered to Peter J. Weisman, P.C., counsel to Gemini Master Fund, Ltd. (“Gemini”), to be held in escrow pending the Company’s receipt of each respective Purchaser’s wire transfer. The Legal Opinion deliverable
pursuant to Section 2.3(a)(viii)(B) of PST Documents GTC may be issued and delivered by inside counsel to the Company instead of independent counsel. 
 4. Expenses. The Company shall pay a non-refundable, non-accountable sum equal to $25,000 as and for the legal fees incurred by the Purchasers in connection with the negotiation, preparation and
execution of the Transaction Documents, which amount has already been paid. Gemini shall be responsible for all PipeFund expenses. 
 5. Company Address for Notices: 
 Quantum Fuel Systems Technologies
Worldwide, Inc. 
 25242 Arctic Ocean Drive 
 Lake Forest, California 92630 
 Attn: CFO 

Facsimile: 949-399-4567 
 Email: btimon@qtww.com 
 6. Modifications and Additional Terms.

  

	(a)	 Piggy-Back Registration Rights Only. Sections 6.1 through 6.3 of PST Document GTC are hereby deleted such that the Purchasers shall not have
the registration rights set forth therein, but shall have the piggy-back registration rights with respect to the Warrant Shares 

  
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(including the Warrant Shares underlying the Additional Warrants) as set forth in Section 6.4 thereof 

 

	(b)	 Subsidiaries. The Company represents and warrants that, other than Schneider Power Inc., a wholly-owned subsidiary of the Company
(“Schneider”) and SPI Providence Bay Inc. and Zephyr Farms Limited, each a wholly-owned subsidiary of Schneider, it has no direct or indirect Subsidiaries which possess any significant amount of assets or engage in any significant
operations, and the Company does not intend to transfer any material amount of assets to any of such other Subsidiaries (except as set forth below). Without limiting the foregoing (a) the Company represents and warrants that (i) Quantum
Solar Energy, Inc., a Nevada corporation, is currently inactive and possesses no assets, and (ii) Schneider, together with its direct and indirect subsidiaries, predominantly engages in the business of owning, developing and operating wind
farms and all of its assets are related thereto, and (b) the Company shall not transfer to Schneider (or any of its direct or indirect subsidiaries) any assets other than up to a maximum amount of $50,000 in cash in the aggregate in any month
as may be necessary for Schneider and its subsidiaries to meet its current expenses. In the event that the Company acquires or establishes any new Subsidiaries at any time that any Notes are outstanding, the Company shall promptly cause each such
Subsidiary to execute and deliver to the Purchasers a guaranty in form and substance reasonably acceptable to the Purchasers, whereby such Subsidiary guarantees all the Company’s obligations under the Notes and other Transaction Documents.

  

	(c)	 No Liquidated Damages. Purchasers acknowledge and agree that notwithstanding anything contained in the PST Document GTC to the contrary under
no circumstance whatsoever shall the Company be obligated or required to pay to Purchasers any Liquidated Damages. Accordingly, the Parties agree that: 

 

	 	(i)	 The last sentence of Section 4.7(a) (Public Information) of PST Document GTC is hereby deleted. Such Section 4.7(a) shall be
further amended to insert the words “use its best efforts to” between the words “shall” and “timely” in the first sentence thereof. 

 

	 	(ii)	 Section 4.15(c) is deleted in its entirety. 

  

	 	(iii)	 The first sentence of Section 5.2(d) (Failure to Deliver Shares) of PST Document GTC is hereby deleted. 

 

	 	(iv)	 The last two sentences of Section 5.5 are deleted. 

 

	 	(v)	 The last sentence of Section 6.6 (Listing) of PST Document GTC is hereby deleted. 

 

	 	(vi)	 In the second sentence of Section 7.17(a) (Remedies) of PST Document GTC, the clause “Liquidated Damages and” shall be deleted
and the following proviso shall be added to the end of such sentence: “provided, however, that to the extent any Purchaser is entitled and elects to receive Liquidated Damages as a remedy for any breach of any Transaction Document, such
Liquidated Damages shall be such Purchaser’s sole remedy for such breach.” 

  

	 	(vii)	 The third sentence of Section 7.17(c) (Liquidated Damages Payments) of PST

  
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Document GTC is hereby deleted. 

  

	(d)	 Stock Splits. Section 4.14 of PST Document GTC is hereby deleted. 

 

	(e)	 Additional Modifications to PST Document GST 

 

	 	(i)	 Section 2.3(a)(viii)(E) is amended by (i) deleting the requirement to provide a certificate of good standing in each jurisdiction in which
the Company is qualified to do business and (ii) by replacing “10 Business Days” with “21 Business Days.” 

  

	 	(ii)	 Section 3.1(c) is amended to read “Except as set forth in the Disclosure Schedule...” 

 

	 	(iii)	 Section 3.4. All references in Section 3.4 to the word “Subsidiary” or “Subsidiaries” are changed to “Significant
Subsidiary” or “Significant Subsidiary,” as applicable. 

  

	 	(iv)	 The third sentence in Section 3.4(f) is revised to read as follows: 

“The Company’s Recent Reports disclose (i) all outstanding options, warrants, calls, scrip, securities,
rights and obligations convertible into or exercisable or exchangeable for, or giving any Person any right to subscribe for or acquire from the Company, directly or indirectly, any shares of capital stock of the Company, and (ii) all contracts,
commitments, understandings or arrangements by which the Company or any Subsidiary is or may become bound to directly or indirectly issue additional shares of capital stock of the Company.” 

 

	 	(v)	 Subpart (D) of Section 3.4(j)(iv) is revised to read as follows: 

“(D) made capital expenditures in any material amount, individually or in the aggregate, not contemplated in the
Company’s Recent Reports.” 
  

	 	(vi)	 The second sentence of Section 3.4(q) is amended by adding “that is material to the Company’s or the Significant Subsidiaries
respective businesses” after the word “assets” and before the word “is.” 

  

	 	(vii)	 Clause (ii) of Section 3.4(t) is revised by adding “or accrued” after the first parenthetical. 

 

	 	(viii)	 Section 3.4(u) is amended by adding “to the Company’s knowledge” after the word “and” and before the word
“none” in the fifth line. 

  

	 	(ix)	 The first two sentence of Section 3.4(v) are deleted. 

 

	 	(x)	 Section 3.4(y) is amended by adding the words “or policies” after the word “authorization” in each instance it appears.

  

	 	(xi)	 Section 3.4(cc) is hereby amended and restated in its entirety as follows: 

“(cc) Integration. None of the Company, any Affiliate of the Company, or, to the Company’s knowledge, any
Person acting on behalf of the Company or any such Affiliate, has directly or indirectly offered or sold any security or solicited any offers 

  
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to buy any security under circumstances that would cause the Offering of the Securities to be integrated with any prior or current offerings of securities by the Company for purposes of the
Securities Act (including any interpretations thereof by the Commission) or any applicable stockholder approval requirements under the rules or regulations of the Principal Market such that the Offering would not be exempt from registration under
the Securities Act or would require stockholder approval under the rules of regulations of the Principal Market as currently in effect. 
  

	 	(xii)	 Section 3.4(gg) is amended by adding “or has accrued a liability for the amount of any unpaid fees” after the word
“lawyers” at the end of the first sentence. 

  

	 	(xiii)	 Section 3.4(ii) is amended by replacing “Form S-1 or Form F-1” with “Form S-3 or Form F-3.” 

 

	 	(xiv)	 Clause (b) of Section 4.2(b) is amended and restated in its entirety as follows: 

“, or (b) if, as a result of such integration, Stockholder Approval would be required.” 

 

	 	(xv)	 Section 4.7(a) is amended by adding the words “use its best efforts” after the word “shall” where it first appears.

  

	 	(xvi)	 The last line of Section 4.13 is amended by adding the words “in any material respect” after the words “Transaction
Documents.” 

  

	 	(xvii)	 In Section 5.1, the second sentence shall be amended and restated as follows: 

“In connection with any transfer of Securities of Underlying Shares other than (a) pursuant to an effective
Registration Statement or Rule 144(b)(1), (b) to the Company or to an affiliate of the Purchaser (that does not constitute a change in beneficial ownership), or (c) in connection with a pledge as contemplated in Section 5.3 below, the
Company may require the transferor thereof to provide the Company with a legal opinion, in form and substance reasonably acceptable to the Company, to the effect that such transfer does not require registration of such transferred securities under
the Securities Act.” 
  

	 	(xviii)	 In Section 5.2(a), “Rule 144” is replaced with “Rule 144(b)(1),” and in Section 5.2(b), legend removal is subject to
the Holder not being an Affiliate, and any opinion of counsel required before completion of the one year holding period under Rule 144 may require the Holder to represent to the Company in writing that it will sell such shares only in compliance
with Rule 144 or Section 4(1) of the Securities Act if such shares are not registered for resale under the Securities Act.” 

  

	 	(xix)	 The last sentence of Section 5.4 is amended and restated as follows: 

“The Company acknowledges that under Rule 144 as currently in effect that, for purposes of determining the holding
period under Rule 144 for any Underlying Shares issued upon conversion, exercise or exchange of any Securities, the holding period of such Underlying Shares may be tacked to the holding period of the Securities so converted, exchanged or exercised,
so long as such Underlying Shares 

  
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are or were acquired from the Company solely in exchange for such Securities.” 
  

	 	(xx)	 Section 6.4 is amended by adding a new sentence to the end of such sentence that read as follows: 

“Notwithstanding anything contained in this Section 6.4 to the contrary, Purchasers acknowledge and agree that
the registration rights set forth herein shall not apply to any offerings effectuated through a takedown from the Company’s existing shelf registration statement.” 

 

	 	(xxi)	 Section 6.6 is hereby amended by limiting the Company’s obligations set forth in this Section to using best efforts to the extent such
limitation is necessary in order to avoid derivative liability accounting for the Warrants.” 

  

	 	(xxii)	 For the sake of clarity, the Parties acknowledge and agree that under no circumstances is the Company obligated to pay Purchasers any Liquidated
Damages. Accordingly, Section 7.17 is amended by replacing “24%” with “0%.” 

[Signature Pages Follow] 

  
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 IN WITNESS WHEREOF, as of the date first written above, the Parties hereto
have duly executed, or caused their authorized officers to duly execute, this Agreement. 
 COMPANY: 

QUANTUM FUEL SYSTEMS TECHNOLOGIES WORLDWIDE, INC. 
  

			
	 By:
	 	 /s/ Bradley Timon

	 Name:
	 	 Bradley Timon

	 Title:
	 	 Chief Financial Officer

 [Purchaser Signature Page(s) Follow] 

[Company Signature Page] 

 PURCHASERS: 
 1. Signature: 
 GEMINI MASTER FUND, LTD. 

By: GEMINI STRATEGIES LLC, INC., as 
 investment manager 
  

					
		 	 By:
	 	 /s/ Steven Winters

		 	 Name:
	 	 Steven Winters

		 	 Title:
	 	 President

 2. Subscription Amount: 

$1,100,000 

3. Maximum Ownership Percentage: 
 9.9% 
  

			
	 4. Address for Notices:
	  	
		  	 With a copy to, if any:

	 c/o Gemini Strategies LLC, Inc.
 619 South Vulcan, Suite 203
 Encinitas, CA 92024

Attn: Steven Winters
 Fax: (760) 697-1119
 Email: steve@geministrategies.com 
	  	 Peter J. Weisman, P.C.
 2 Rector St., 3rd Floor
 New York, NY 10006

Email: pweisman@pweisman.com

  
 [Purchaser
Signature Page] 

 1. Signature: 

BRIO CAPITAL MASTER FUND, LTD. 
  

					
		 	 By:
	 	 /s/ Shaye Hirsch

		 	 Name:
	 	 Shaye Hirsch

		 	 Title:
	 	 Director

 5. Subscription Amount: 

$400,000 

6. Maximum Ownership Percentage: 
 9.9% 
  

			
	 7. Address for Notices:
	  	
		  	 With a copy to, if any:

	 c/o Brio Capital Management, LLC
 100 Merrick Road, Suite 401W
 Rockville Center, NY 11570

Attn: Shaye Hirsh

Fax: (646) 390-2158
 Email: shaye@briocapital.com
	  	 Peter J. Weisman, P.C.
 2 Rector St., 3rd Floor
 New York, NY 10006

Email: pweisman@pweisman.com

  
 [Purchaser
Signature Page] 

  
 C-1

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