Document:

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                                  EXHIBIT 4.01

                           FORM OF RIGHTS CERTIFICATE

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                                                     RIGHT TO PURCHASE NUMBER OF
        NAME                    NUMBER OF RIGHTS       SHARES OF COMMON STOCK
-----------------------   ------------------------   ---------------------------

-----------------------   ------------------------   ---------------------------

                             VENDINGDATA CORPORATION

                               RIGHTS CERTIFICATE

         On June 14, 2001, our board of directors declared a distribution of
rights to purchase our common stock to four groups, collectively the
rightsholders:

         o        Stockholders of record as of June 15, 2001;

         o        Holders of record of vested options as of June 15, 2001 that
                  contain anti-dilution provisions;

         o        Holders of record of vested warrants as of June 15, 2001 that
                  contain anti-dilution provisions; and

         o        Holders of record of convertible notes as of June15, 2001 that
                  contain anti-dilution provisions.

         This rights certificate grants to the rightsholders the right to
purchase two shares of our common stock, par value $0.001 per share, at $0.35
per share for each share of common stock, or each share of common stock
underlying the relevant option, warrant or convertible note, as applicable, held
by the rightsholders. The terms of the rights offering are described in greater
detail in the Prospectus dated __________, 2001 to which this rights certificate
is subject.

         The securities represented by this rights certificate may not be sold,
transferred, assigned, pledged or encumbered or in any other way alienated. Any
purported sale, transfer, assignment, pledge or encumbrance or other alienation
of the securities represented by this rights certificate shall be null and void.

         Payment for shares of common stock must be made by check or money order
payable to "VendingData Corporation" in U.S. Dollars (or by conversion of
outstanding short-term notes, if applicable) and delivered to the company before
the applicable expiration date. If full payment is not received by VendingData
Corporation before the applicable expiration date, your purchase will be
rejected. The exercise by a rightsholders of the rights granted by this
certificate is irrevocable.

         By executing this rights certificate as provided for herein, the
rightsholder acknowledges that he or she has receive and read the Prospectus and
understands that, subject to certain limitations stated in the Prospectus, the
undersigned is entitled to purchase the number of shares of common stock, as is
shown above, based on a purchase price of $0.35 per share of common stock.

         We have delivered this rights certificate to all rightsholders in
accordance with the books and records of VendingData and our transfer agent. In
the event you receive this form and are a beneficial owner of our common stock
rather than a record holder, please contact your broker, dealer or other nominee
so that you may have your record holder act for you.

         For information and assistance please call VendingData Corporation at
(702) 733-7195.

VENDINGDATA CORPORATION

By:
             Stacie L. Brown
             Corporate Counsel and Secretary

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                    RIGHT TO PURCHASE SHARES OF COMMON STOCK

         Upon the following terms and subject to the conditions specified in the
Prospectus, the undersigned hereby agrees as follows:

         A. PURCHASE OF SHARES OF COMMON STOCK.

                  1.       Number of shares of common stock subscribed for
                           pursuant to the rights offering is (Note: You may not
                           subscribe for more shares than the number of shares
                           set forth in the "Right to Purchase Number of Shares
                           of Common Stock" on the face of this rights
                           certificate.):

                                    __________________ shares

                  2.       Exercise price per share: $0.35

                  3.       Total amount of payment for shares of Common Stock to
                           be purchased:

                                    $_____________ (Multiply line 1 by line 2.)

                  4.       Payment for the shares will be provided as follows
                           (Check one box):

                           [ ]      Enclosed is my check or money order payable
                                    to "VendingData Corporation," which I will
                                    deliver to the Company.

                           [ ]      Payment will be made through the conversion
                                    of the outstanding portion of my short-term
                                    note to the VendingData in the amount
                                    provided for above.

         B. CERTIFICATION.

                  1.       You certify that you qualify as a rightsholder
                           through one of the following (Check one box and
                           complete all blanks):

                           [ ]      As of June 15, 2001, you were the record
                                    holder of the shares of our common stock to
                                    which the rights exercised hereunder relate,
                                    and, as of the date hereof, you continue to
                                    be the record holder of such shares, having
                                    not transferred, assigned, pledged or
                                    otherwise encumbered such shares since the
                                    record date.

                           [ ]      As of June 15, 2001, you were the record
                                    holder of vested options to purchase shares
                                    of our common stock to which the rights
                                    exercised hereunder relate, and, as of the
                                    date hereof, you continue to be the record
                                    holder of such options, having not
                                    transferred, assigned, pledged or otherwise
                                    encumbered such options since the record
                                    date.

                           [ ]      As of June 15, 2001, you were the record
                                    holder of vested warrants to purchase shares
                                    of our common stock to which the rights
                                    exercised hereunder relate, and, as of the
                                    date hereof, you continue to be the record
                                    holder of such warrants, having not
                                    transferred, assigned, pledged or otherwise
                                    encumbered such warrants since the record
                                    date.

                           [ ]      As of June 15, 2001, you were the record
                                    holder of notes convertible into shares of
                                    our common stock to which the rights
                                    exercised hereunder relate, and, as of the
                                    date hereof, you continue to be the record
                                    holder of such convertible notes, having not
                                    transferred, assigned, pledged or otherwise
                                    encumbered such convertible notes since the
                                    record date.

                  2.       FOR RESIDENTS OF COLORADO, GEORGIA, IOWA,
                           MASSACHUSETTS, MICHIGAN, MINNESOTA, MISSISSIPPI,
                           NORTH CAROLINA, OHIO OR WYOMING (Check box if you
                           agree):

                           [ ]      You certify that the you are exercising your
                                    rights and purchasing the shares of our
                                    common stock pursuant to this rights
                                    offering for investment purposes only
                                    without a view to resell or distribute and
                                    have no present intention of selling,
                                    granting or participating in the
                                    distribution of the same.

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                  3.       You certify that the number listed below on the
                           signature page is your correct social security number
                           or taxpayer identification number.

         C. EFFECTIVENESS OF RIGHTS CERTIFICATE. Acceptance or rejection by
VendingData Corporation of this executed rights certificate shall be effective
in accordance with the terms set forth in the Prospectus. All questions
concerning the timeliness, validity, form and eligibility of any exercise of
rights will be determined by VendingData Corporation, whose determinations shall
be final and binding.

         D. STOCK CERTIFICATE. Stock certificates evidencing such shares of
common stock will be sent to you as soon as practicable after receipt of valid
payment therefor.

         E. SPECIAL DELIVERY INSTRUCTIONS REGARDING STOCK CERTIFICATE. Unless
otherwise indicated below, VendingData Corporation is authorized to deliver
certificates for common stock to rightsholders at the address set forth below.
In the event that you desire to have your respective stock certificate delivered
to an address other than the address set forth below, you must complete and
deliver "Exhibit A" attached hereto to VendingData Corporation.

         F. TAX INFORMATION. Exercise of the rights granted to you by
VendingData Corporation may have significant tax consequences. See "Certain
Federal Income Tax Considerations" in the accompanying Prospectus. You should
consult with your own tax advisors regarding the specific tax consequences to
you of the rights offering, including the effects of federal, state, local,
foreign, and other tax laws.

         G. DELIVERY OF FORM AND PAYMENT TO THE COMPANY. Return this form to us
via mail, hand-delivery or overnight courier along with a payment in U.S.
Dollars by check or money order payable to "VendingData Corporation" at:

                             VendingData Corporation
                             6830 Spencer Street
                             Las Vegas, Nevada 89119
                             Attention: Investor Relations

         H. ACKNOWLEDGEMENT. By signing below, you hereby affirmatively agree as
follows:

                  "I/We acknowledge receipt of the Prospectus and understand
         that after delivery to the Company, I/we may not modify or revoke this
         exercise. Under penalties of perjury, I/we certify that the information
         contained herein, including the social security number or taxpayer
         identification number listed below, is correct."

         I. EXECUTION. The rights certificate is not valid unless you sign
below. The signature below must correspond with the name of the rightsholder
exactly as it appears on the books of VendingData Corporation and our transfer
agent, without any alteration or change whatsoever.

Date:    _______________, 2001

Address:  _______________________________  _____________________________________
                                                 Signature of Record Holder
          _______________________________  _____________________________________
           City     State        Zip Code        Signature of Record Holder
                                                       (if applicable)

          _______________________________  _____________________________________
           Social Security or Tax ID #                 Print Name(s)

Day Phone:  (   )________________________
          Area Code
                                           _____________________________________
                                                    Title and Company
Evening Phone: (   )_____________________            (if applicable)
             Area Code

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                                    EXHIBIT A

                   VENDINGDATA CORPORATION RIGHTS CERTIFICATE

                          SPECIAL DELIVERY INSTRUCTIONS

         OPTIONAL. YOU SHOULD ONLY COMPLETE THIS IF THE STOCK CERTIFICATE
REPRESENTING THE COMMON STOCK TO WHICH YOU ARE SUBSCRIBING IS TO BE SENT TO AN
ADDRESS OTHER THAN THAT LISTED ON THE SIGNATURE PAGE OF THIS RIGHTS CERTIFICATE.

         The rightsholder requests that the stock certificate be delivered to
the person and address listed below:

Name: ___________________________________
               (Please Print)
Address:  _______________________________  _____________________________________
                                                 Signature of Record Holder
          _______________________________  _____________________________________
           City     State        Zip Code        Signature of Record Holder
                                                       (if applicable)

          _______________________________  _____________________________________
           Social Security or Tax ID #                 Print Name(s)

Day Phone:  (   )________________________
          Area Code
                                           _____________________________________
                                                    Title and Company
Evening Phone: (   )_____________________            (if applicable)
             Area Code

                            GUARANTEE OF SIGNATURE(S)

         All rightsholders who specify special delivery instructions must have
their signatures guaranteed by an Eligible Institution. An "Eligible
Institution" for this purpose is a bank, stockbroker, savings and loan
association or credit union with membership in an approved signature guaranteed
medallion program, pursuant to Rule 17Ad-15 of the Securities Exchange Act of
1934.

Signature: __________________________    Dated: ________________________________

Print Name: _________________________    Address: ______________________________
                                                  ______________________________
Name of Firm: _______________________             ______________________________
                                                  City    State       Zip Code
Title: ______________________________
                                         Phone:  (   )__________________________
                                                Area Code

                                      A-1<PAGE>

                                                                    Exhibit 10.7

                                INDEMNITY AGREEMENT

         This Agreement is made and entered into this 20th day of November,
1999 by and between IXYS Corporation, a Delaware corporation (the
"Corporation"), and Nathan Zommer ("Agent").

                                    Recitals

         Whereas, Agent performs a valuable service to the Corporation in his
capacity as a director of the Corporation;

         Whereas, the stockholders of the Corporation have adopted bylaws (the
"Bylaws") providing for the indemnification of the directors, officers,
employees and other agents of the Corporation, including persons serving at the
request of the Corporation in such capacities with other corporations or
enterprises, as authorized by the Delaware General Corporation Law, as amended
(the "Code");

         Whereas, the Bylaws and the Code, by their non-exclusive nature, permit
contracts between the Corporation and its agents, officers, employees and other
agents with respect to indemnification of such persons; and

         Whereas, in order to induce Agent to continue to serve as a director of
the Corporation, the Corporation has determined and agreed to enter into this
Agreement with Agent;

         Now, Therefore, in consideration of Agent's continued service as a
director after the date hereof, the parties hereto agree as follows:

                                    Agreement

         1. Services to the Corporation. Agent will serve, at the will of the
Corporation or under separate contract, if any such contract exists, as a
director of the Corporation or as a director, officer or other fiduciary of an
affiliate of the Corporation (including any employee benefit plan of the
Corporation) faithfully and to the best of his ability so long as he is duly
elected and qualified in accordance with the provisions of the Bylaws or other
applicable charter documents of the Corporation or such affiliate; provided,
however, that Agent may at any time and for any reason resign from such position
(subject to any contractual obligation that Agent may have assumed apart from
this Agreement) and that the Corporation or any affiliate shall have no
obligation under this Agreement to continue Agent in any such position.

         2. Indemnity of Agent. The Corporation hereby agrees to hold harmless
and indemnify Agent to the fullest extent authorized or permitted by the
provisions of the Bylaws and the Code, as the same may be amended from time to
time (but, only to the extent that such amendment permits the Corporation to
provide broader indemnification rights than the Bylaws or the Code permitted
prior to adoption of such amendment).

                                       1.
<PAGE>

         3. Additional Indemnity. In addition to and not in limitation of the
indemnification otherwise provided for herein, and subject only to the
exclusions set forth in Section 4 hereof, the Corporation hereby further agrees
to hold harmless and indemnify Agent:

            (a) against any and all expenses (including attorneys' fees),
witness fees, damages, judgments, fines and amounts paid in settlement and any
other amounts that Agent becomes legally obligated to pay because of any claim
or claims made against or by him in connection with any threatened, pending or
completed action, suit or proceeding, whether civil, criminal, arbitrational,
administrative or investigative (including an action by or in the right of the
Corporation) to which Agent is, was or at any time becomes a party, or is
threatened to be made a party, by reason of the fact that Agent is, was or at
any time becomes a director, officer, employee or other agent of Corporation, or
is or was serving or at any time serves at the request of the Corporation as a
director, officer, employee or other agent of another corporation, partnership,
joint venture, trust, employee benefit plan or other enterprise; and

            (b) otherwise to the fullest extent as may be provided to Agent by
the Corporation under the non-exclusivity provisions of the Code and Section 41
of the Bylaws.

         4. Limitations on Additional Indemnity. No indemnity pursuant to
Section 3 hereof shall be paid by the Corporation:

            (a) on account of any claim against Agent solely for an accounting
of profits made from the purchase or sale by Agent of securities of the
Corporation pursuant to the provisions of Section 16(b) of the Securities
Exchange Act of 1934 and amendments thereto or similar provisions of any
federal, state or local statutory law;

            (b) on account of Agent's conduct that is established by a final
judgment as knowingly fraudulent or deliberately dishonest or that constituted
willful misconduct;

            (c) on account of Agent's conduct that is established by a final
judgment as constituting a breach of Agent's duty of loyalty to the Corporation
or resulting in any personal profit or advantage to which Agent was not legally
entitled;

            (d) for which payment is actually made to Agent under a valid and
collectible insurance policy or under a valid and enforceable indemnity clause,
bylaw or agreement, except in respect of any excess beyond payment under such
insurance, clause, bylaw or agreement;

            (e) if indemnification is not lawful (and, in this respect, both the
Corporation and Agent have been advised that the Securities and Exchange
Commission believes that indemnification for liabilities arising under the
federal securities laws is against public policy and is, therefore,
unenforceable and that claims for indemnification should be submitted to
appropriate courts for adjudication); or

            (f) in connection with any proceeding (or part thereof) initiated by
Agent, or any proceeding by Agent against the Corporation or its directors,
officers, employees or other agents, unless (i) such indemnification is
expressly required to be made by law, (ii) the

                                       2.
<PAGE>

proceeding was authorized by the Board of Directors of the Corporation, (iii)
such indemnification is provided by the Corporation, in its sole discretion,
pursuant to the powers vested in the Corporation under the Code, or (iv) the
proceeding is initiated pursuant to Section 9 hereof.

         5. Continuation of Indemnity. All agreements and obligations of the
Corporation contained herein shall continue during the period Agent is a
director, officer, employee or other agent of the Corporation (or is or was
serving at the request of the Corporation as a director, officer, employee or
other agent of another corporation, partnership, joint venture, trust, employee
benefit plan or other enterprise) and shall continue thereafter so long as Agent
shall be subject to any possible claim or threatened, pending or completed
action, suit or proceeding, whether civil, criminal, arbitrational,
administrative or investigative, by reason of the fact that Agent was serving in
the capacity referred to herein.

         6. Partial Indemnification. Agent shall be entitled under this
Agreement to indemnification by the Corporation for a portion of the expenses
(including attorneys' fees), witness fees, damages, judgments, fines and amounts
paid in settlement and any other amounts that Agent becomes legally obligated to
pay in connection with any action, suit or proceeding referred to in Section 3
hereof even if not entitled hereunder to indemnification for the total amount
thereof, and the Corporation shall indemnify Agent for the portion thereof to
which Agent is entitled.

         7. Notification and Defense of Claim. Not later than thirty (30) days
after receipt by Agent of notice of the commencement of any action, suit or
proceeding, Agent will, if a claim in respect thereof is to be made against the
Corporation under this Agreement, notify the Corporation of the commencement
thereof; but the omission so to notify the Corporation will not relieve it from
any liability which it may have to Agent otherwise than under this Agreement.
With respect to any such action, suit or proceeding as to which Agent notifies
the Corporation of the commencement thereof:

            (a) the Corporation will be entitled to participate therein at its
own expense;

            (b) except as otherwise provided below, the Corporation may, at its
option and jointly with any other indemnifying party similarly notified and
electing to assume such defense, assume the defense thereof, with counsel
reasonably satisfactory to Agent. After notice from the Corporation to Agent of
its election to assume the defense thereof, the Corporation will not be liable
to Agent under this Agreement for any legal or other expenses subsequently
incurred by Agent in connection with the defense thereof except for reasonable
costs of investigation or otherwise as provided below. Agent shall have the
right to employ separate counsel in such action, suit or proceeding but the fees
and expenses of such counsel incurred after notice from the Corporation of its
assumption of the defense thereof shall be at the expense of Agent unless (i)
the employment of counsel by Agent has been authorized by the Corporation, (ii)
Agent shall have reasonably concluded, and so notified the Corporation, that
there is an actual conflict of interest between the Corporation and Agent in the
conduct of the defense of such action or (iii) the Corporation shall not in fact
have employed counsel to assume the defense of such action, in each of which
cases the fees and expenses of Agent's separate counsel shall be at the

                                       3.
<PAGE>

expense of the Corporation. The Corporation shall not be entitled to assume the
defense of any action, suit or proceeding brought by or on behalf of the
Corporation or as to which Agent shall have made the conclusion provided for in
clause (ii) above; and

             (c) the Corporation shall not be liable to indemnify Agent under
this Agreement for any amounts paid in settlement of any action or claim
effected without its written consent, which shall not be unreasonably withheld.
The Corporation shall be permitted to settle any action except that it shall not
settle any action or claim in any manner which would impose any penalty or
limitation on Agent without Agent's written consent, which may be given or
withheld in Agent's sole discretion.

         8.  Expenses. The Corporation shall advance, prior to the final
disposition of any proceeding, promptly following request therefor, all expenses
incurred by Agent in connection with such proceeding upon receipt of an
undertaking by or on behalf of Agent to repay said amounts if it shall be
determined ultimately that Agent is not entitled to be indemnified under the
provisions of this Agreement, the Bylaws, the Code or otherwise.

         9.  Enforcement. Any right to indemnification or advances granted by
this Agreement to Agent shall be enforceable by or on behalf of Agent in any
court of competent jurisdiction if (i) the claim for indemnification or advances
is denied, in whole or in part, or (ii) no disposition of such claim is made
within ninety (90) days of request therefor. Agent, in such enforcement action,
if successful in whole or in part, shall be entitled to be paid also the expense
of prosecuting his claim. It shall be a defense to any action for which a claim
for indemnification is made under Section 3 hereof (other than an action brought
to enforce a claim for expenses pursuant to Section 8 hereof, provided that the
required undertaking has been tendered to the Corporation) that Agent is not
entitled to indemnification because of the limitations set forth in Section 4
hereof. Neither the failure of the Corporation (including its Board of Directors
or its stockholders) to have made a determination prior to the commencement of
such enforcement action that indemnification of Agent is proper in the
circumstances, nor an actual determination by the Corporation (including its
Board of Directors or its stockholders) that such indemnification is improper
shall be a defense to the action or create a presumption that Agent is not
entitled to indemnification under this Agreement or otherwise.

         10. Subrogation. In the event of payment under this Agreement, the
Corporation shall be subrogated to the extent of such payment to all of the
rights of recovery of Agent, who shall execute all documents required and shall
do all acts that may be necessary to secure such rights and to enable the
Corporation effectively to bring suit to enforce such rights.

         11. Non-Exclusivity of Rights. The rights conferred on Agent by this
Agreement shall not be exclusive of any other right which Agent may have or
hereafter acquire under any statute, provision of the Corporation's Certificate
of Incorporation or Bylaws, agreement, vote of stockholders or directors, or
otherwise, both as to action in his official capacity and as to action in
another capacity while holding office.

                                       4.
<PAGE>

         12. Survival of Rights.

             (a) The rights conferred on Agent by this Agreement shall continue
after Agent has ceased to be a director, officer, employee or other agent of the
Corporation or to serve at the request of the Corporation as a director,
officer, employee or other agent of another corporation, partnership, joint
venture, trust, employee benefit plan or other enterprise and shall inure to the
benefit of Agent's heirs, executors and administrators.

             (b) The Corporation shall require any successor (whether direct or
indirect, by purchase, merger, consolidation or otherwise) to all or
substantially all of the business or assets of the Corporation, expressly to
assume and agree to perform this Agreement in the same manner and to the same
extent that the Corporation would be required to perform if no such succession
had taken place.

         13. Separability. Each of the provisions of this Agreement is a
separate and distinct agreement and independent of the others, so that if any
provision hereof shall be held to be invalid for any reason, such invalidity or
unenforceability shall not affect the validity or enforceability of the other
provisions hereof. Furthermore, if this Agreement shall be invalidated in its
entirety on any ground, then the Corporation shall nevertheless indemnify Agent
to the fullest extent provided by the Bylaws, the Code or any other applicable
law.

         14. Governing Law. This Agreement shall be interpreted and enforced in
accordance with the laws of the State of Delaware.

         15. Amendment and Termination. No amendment, modification, termination
or cancellation of this Agreement shall be effective unless in writing signed by
both parties hereto.

         16. Identical Counterparts. This Agreement may be executed in one or
more counterparts, each of which shall for all purposes be deemed to be an
original but all of which together shall constitute but one and the same
Agreement. Only one such counterpart need be produced to evidence the existence
of this Agreement.

         17. Headings. The headings of the sections of this Agreement are
inserted for convenience only and shall not be deemed to constitute part of this
Agreement or to affect the construction hereof.

         18. Notices. All notices, requests, demands and other communications
hereunder shall be in writing and shall be deemed to have been duly given (i)
upon delivery if delivered by hand to the party to whom such communication was
directed or (ii) upon the third business day after the date on which such
communication was mailed if mailed by certified or registered mail with postage
prepaid:

             (a) If to Agent, at the address indicated on the signature page
hereof.

                                       5.
<PAGE>

            (b)  If to the Corporation, to:

                 IXYS Corporation
                 3540 Bassett Street
                 Santa Clara, CA  95054-2704

or to such other address as may have been furnished to Agent by the Corporation.

         In Witness Whereof, the parties hereto have executed this Agreement on
and as of the day and year first above written.

                                       IXYS Corporation

                                       By:      /s/ Arnold P. Agbayani
                                          ---------------------------------

                                       Title:   CFO
                                             ------------------------------

                                       Agent

                                                /s/ Nathan Zoomer
                                       ------------------------------------
                                                    Nathan Zommer

                                       Address:

                                                Ixys Corporation
                                                3540 Bassett Street
                                                Santa Clara, CA 95054

                                       6.

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