Document:

Registration Rights Agreement

 Exhibit 4.2 
  

TESSERA TECHNOLOGIES, INC. 
  
 REGISTRATION RIGHTS AGREEMENT 
  
 THIS REGISTRATION RIGHTS AGREEMENT (the “Agreement”) is made as of the January 31, 2003, by and among Tessera Technologies, Inc.,
a Delaware corporation (the “Company”) and the persons and entities listed on Exhibit A hereto (individually, a “Holder” and collectively, the “Holders” and, together with the Company, the
“Parties” and each a “Party”). 
  
 WHEREAS, pursuant to the terms and conditions of that certain Agreement and Plan of Merger, dated as of August 1, 2002 (the “Merger Agreement”), by and among the Company, Tessera, Inc., a Delaware corporation
(“Tessera”), and Tessera Acquisition, Inc., a Delaware corporation, the Company will, concurrently with the execution of this Agreement, (i) issue to the Holders such number of shares of the Company’s Common Stock, Series A 10%
Cumulative Convertible Preferred Stock (the “New Series A Stock”), Series B 10% Cumulative Convertible Preferred Stock (the “New Series B Stock”), Series C 10% Cumulative Convertible Preferred Stock (the
“New Series C Stock”), Series D 10% Cumulative Convertible Preferred Stock (the “New Series D Stock”), Series E 10% Cumulative Convertible Preferred Stock (the “New Series E Stock”) and Series E-1
10% Cumulative Convertible Preferred Stock (the “New Series E-1 Stock” and, together with the New Series A Stock, the New Series B Stock, the New Series C Stock, the New Series D Stock and the New Series E Stock, the
“New Preferred Stock”) as set forth next to each such Holder’s name on Exhibit A hereto and (ii) assume the warrants to purchase shares of the capital stock of Tessera (the “Warrants”) currently held by
such Holders as set forth next to each such Holder’s names as set forth on Exhibit A hereto. In connection with the issuance and assumption, the Parties are entering into this Agreement, and all shares of New Preferred Stock issued and
certain Warrants assumed in connection with the Merger Agreement will be subject to the terms hereof. Concurrently herewith, the Registration Rights Agreement, dated as of May 15, 1993, by and among Tessera and the parties named therein, as amended
and as executed for subsequent financing closings, and the First Amended and Restated Registration Rights Agreement, dated as of January 14, 2000, by and among Tessera and the “Holders” named therein, as amended and as executed for
subsequent financing closings (the “Prior Agreements”) are hereby terminated. 
  
 NOW, THEREFORE, in consideration of the foregoing and for other good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the Company and the Holders agree as follows:

  
 Section 1. 
  
 Restrictions on Transferability of Securities; 
 Compliance with Securities Act 
  
 1.1 Certain Definitions. As used in this Agreement, the following terms shall have the following respective meanings: 
  

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 “Commission” shall mean the Securities and Exchange Commission or any other federal
agency at the time administering the Securities Act. 
  
 “Conversion Shares” shall mean with respect to any Holder, the shares of the Company’s Common Stock issued or issuable pursuant to (i) conversion of the New Preferred Stock of the Company, (ii) exercise of the Warrants
and (iii) conversion of the New Preferred Stock of the Company issued or issuable pursuant to exercise of the Warrants. 
  
 “Holder” shall mean any holder of Registrable Securities, including any person holding Registrable Securities to whom the rights under
this Section 1 have been transferred in accordance with Section 1.10 hereof. Exhibit A lists each Holder as of the date hereof, along with the number of shares of New Preferred Stock and/or Warrants held by such Holder as of the date hereof.

  
 “Initiating Holders” shall mean any Holder or
Holders of an aggregate of at least one-third (1/3) of the Registrable Securities. 
  
 “Restricted Securities” shall mean the New Preferred Stock, the Warrants and the Conversion Shares. 
  
 The terms “register,” “registered” and “registration” refer to a registration effected by preparing and
filing a registration statement in compliance with the Securities Act and the declaration or ordering of the effectiveness of such registration statement. 
  
 “Registrable Securities” means at any time with respect to any Holder (i) Conversion Shares; (ii) any Common Stock of the Company issued
or issuable in respect to such shares upon any stock split, stock dividend, recapitalization or similar event or any Common Stock otherwise issued with respect to the such shares; and (iii) Common Stock of the Company held by the Holders as of the
date hereof, in each case owned by such Holder until (i) a registration statement covering such securities has been declared effective by the SEC and such securities have been disposed of pursuant to such effective registration statement; (ii) such
securities are sold under circumstances in which all of the applicable conditions of Rule 144 (or any similar provisions then in force) under the Securities Act are met or such securities may be sold pursuant to Rule 144(k); or (iii) such securities
are otherwise transferred, the Company has delivered a new certificate or other evidence of ownership for such securities not bearing the legend required pursuant to this Agreement, and such securities may be resold without subsequent registration
under the Securities Act. 
  
 “Registration
Expenses” shall mean all expenses incurred by the Company in complying with Sections 1.2, 1.3 and 1.4 hereof, including, without limitation, fees and disbursements of counsel for the Company, all registration, qualification and filing fees,
printing expenses, escrow fees, blue sky fees and expenses, and the expense of any special audits incident to or required by any such registration (but excluding the compensation of regular employees of the Company which shall be paid in any event
by the Company). In addition, “Registration Expenses” shall include fees and disbursements of up to one counsel for the Holders participating in one offering commenced pursuant to Section 1.2 hereof. 
  

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 “Securities Act” shall mean the Securities Act of 1933, as amended, or any similar
federal statute and the rules and regulations of the Commission thereunder, all as the same shall be in effect at the time. 
  
 “Selling Expenses” shall mean all underwriting discounts, selling commissions and stock transfer taxes attributable to the Registrable
Securities sold by any of the Holders and all fees and disbursements of counsel for such Holders participating in any offering commenced pursuant to Section 1.3 or Section 1.4 hereof. 
  
 1.2 Requested Registration. 
  

(a) In case the Company shall receive from any Initiating Holder a written request that the Company effect any registration, qualification or
compliance with respect to an underwritten offering of Registrable Securities, the Company will: 
  
 (i) promptly give written notice of the proposed registration, qualification or compliance to all other Holders; and 
  
 (ii) use its commercially reasonable efforts to file, as soon as
practicable, such registration, qualification or compliance (including, without limitation, the execution of an undertaking to file post-effective amendments, appropriate qualification under applicable blue sky or other state securities laws and
appropriate compliance with applicable regulations issued under the Securities Act and any other governmental requirements or regulations) as may be so requested and as would permit or facilitate the sale and distribution of all of the Registrable
Securities as are specified in such request, together with all or such portion of the Registrable Securities of any Holder joining in such request as are specified in a written request received by the Company within fifteen (15) days after receipt
of such written notice from the Company; provided, however, that the Company shall not be obligated to take any action to effect any such registration, qualification or compliance pursuant to this Section 1.2: 
  
 (A) In any particular jurisdiction in which the Company would be required
to execute a general consent to service of process in effecting such registration, qualification or compliance unless the Company is already subject to service in such jurisdiction and except as may be required by the Securities Act; 
  
 (B) during the ninety (90) days immediately following the effective date of
the registration statement initiated by the Company; 
  
 (C) if
(i) an investment banking firm of recognized national standing shall advise the Company and the Holders in writing that effecting the registration would materially and adversely affect an offering of the securities of the Company the preparation of
which has then been commenced; or (ii) the Company is in possession of material non-public information the disclosure of which during the period specified in such notice the Company believes would not be in the best interest of the Company, provided
that the Company’s obligation to use its commercially reasonable efforts to register, qualify or comply under this Section 1.2 shall be deferred for a period not to exceed ninety (90) days, and provided, further, that the Company shall not
exercise its right under this clause to defer such obligation more than once in any twelve (12) month period; 
  

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 (D) after the Company has effected three such registrations pursuant to this Section 1.2(a), such
registrations have been declared or ordered effective and all of the Registrable Securities requested by the Initiating Holders to be registered have been sold. 
  

(b) Underwriting. The right of any Holder to registration pursuant to this Section 1.2(a) shall be conditioned upon such Holder’s
participation in the underwriting arrangements required by this Section 1.2(b). 
  
 The Company and all Holders proposing to distribute their securities in the underwritten registration shall, upon request by the managing underwriter selected for such underwriting by the Initiating Holders which
managing underwriter shall be reasonably acceptable to the Company), enter into an underwriting agreement in customary form with to managing underwriter in connection with the offering. Notwithstanding any other provision of this Section 1.2, if the
managing underwriter advises the Initiating Holders in writing that marketing factors require a limitation of the number of shares to be underwritten, then the Company shall so advise all Holders who have requested to participate in such offering,
and the number of shares of Registrable Securities that may be included in the registration and underwriting shall be allocated among all such Holders thereof in proportion, as nearly as practicable, to the respective amounts of Registrable
Securities requested by such Holders to be included in such registration in the priority listed below, up to the aggregate maximum number of shares that, in the view of such managing underwriter, can be included: (i) first, all Registrable
Securities requested to be registered by any Holders; and (ii) second, any Common Stock proposed to be registered by the Company and any Common Stock proposed to be registered by other holders. No Registrable Securities excluded from the
underwriting by reason of the underwriter’s marketing limitation shall be included in such registration. 
  
 If any Holder disapproves of the terms of the underwriting, such Holder may elect to withdraw therefrom by written notice to the Company, the managing
underwriter and the Initiating Holders. The Registrable Securities so withdrawn shall also be withdrawn from registration, and such Registrable Securities shall not be transferred in a public distribution prior to ninety (90) days after the
effective date of such registration; provided, however, that, if by the withdrawal of such Registrable Securities a greater number of Registrable Securities held by other Holders may be included in such registration (up to the maximum
of any limitation imposed by the underwriters), then the Company shall offer to all Holders who have included Registrable Securities in the registration the right to include additional Registrable Securities in the same proportion and manner used in
determining the underwriter limitation in this Section 1.2(b). 
  
 1.3 Company Registration. 
  
 (a) Piggy-Back
Registration Rights. On each occasion, if any, following the date hereof that the Company contemplates filing with the Commission a registration statement under the Securities Act relating to the sale of shares of Common Stock other than (i) a
registration relating solely to employee benefit plans; or (ii) a registration relating solely to a Commission Rule 145 transaction, the Company shall so notify the Holders in writing of its intention to do so at least thirty (30) days prior to the
filing of each such registration statement; provided, however, that if the managing underwriter determines pursuant to Section 1.3(b) to 
  

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exclude all Registrable Securities from such registration, the Company need only so notify Holders within ten (10) days following the filing of such
registration. Each Holder that gives written notice to the Company, within fifteen (15) days of receipt of such notice from the Company, of such Holder’s desire to have any of its Registrable Securities included in such registration statement,
may, subject to the provisions of this Section 1.3, have its Registrable Securities so included. 
  
 (b) Underwriting. If the registration of which the Company gives notice is for a registered public offering involving an underwriting, the Company
shall so advise the Holders as a part of the written notice given pursuant to Section 1.3(a). In such event, the right of any Holder to registration pursuant a Section 1.3 shall be conditioned upon such Holder’s participation in such
underwriting and the inclusion of Registrable Securities in the underwriting to the extent provided herein. All Holders proposing to distribute their securities through such underwriting shall (together with the Company) enter into an underwriting
agreement in customary form with the managing underwriter selected for such underwriting by the Company. Notwithstanding any other provision of this Section 1.3, if the managing underwriter determines that marketing factors require a limitation of
the number of shares to be underwritten, the managing underwriter may limit or exclude the Registrable Securities to be included in such registration prior to the exclusion from such registration of any securities to be sold by the Company;
provided, however, that if any exclusion or limitation of Registrable Securities is so required, such exclusion or limitation shall be allocated among the Holders of Registrable Securities participating in such registration and any
other holders that have elected to participate in such registration in proportion to the number of shares of the Company’s Common Stock (or equivalents thereof) requested by such Holders and other holders to be included in such offering. If any
Holder disapproves of the terms of any such underwriting, such party may elect to withdraw therefrom by written notice to the Company and the managing underwriter. 
  
 (c) Right to Terminate Registration. The Company shall have the right to terminate or withdraw any registration
initiated by the Company under this Section 1.3 prior to the effectiveness of such registration whether or not any Holder has elected to include securities in such registration. 
  
 1.4 Registration on Form S-3. 
  
 (a) If any Holder requests that the Company file a registration Statement on Form S-3 (or any successor form to Form S-3)
for an underwritten public offering of shares of the Registrable Securities the anticipated aggregate offering price of which is not less than $1,000,000, and the Company is a registrant entitled to use Form S-3 to register the Registrable
Securities for such an offering, the Company shall use its reasonably commercial efforts to cause such Registrable Securities to be registered in such underwritten offering on such form; provided, however, that the Company shall not be
required to effect more than one such registration pursuant to this Section 1.4 in any six-month period. The Company will (i) promptly give written notice of the proposed registration to all other Holders (and to any other holders if such
registration is to relate in part to the primary offer and sale of shares of the Common Stock); and (ii) as soon as practicable, use its reasonably commercial efforts to effect such registration (including, without limitation, the execution of an
undertaking to file post-effective amendments, appropriate qualification under applicable blue sky or other state securities laws and appropriate 
  

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compliance with applicable regulations issued under the Securities Act and any other governmental requirements or regulations) as may be so requested and as
would permit or facilitate the sale and distribution of all or such portion of such Registrable Securities as are specified in such request, together with all or such portion of the Registrable Securities of any Holder or Holders (or, if the
registration is to relate in part to the primary offer and sale of shares of Common Stock, of any other holder) joining in such request as are specified in a written request received by the Company within fifteen (15) days after receipt of such
written notice from the Company. The substantive provisions of Section 1.2(b) shall be applicable to each registration initiated under this Section 1.4. 
  
 (b) Notwithstanding the foregoing, the Company shall not be obligated to take any action pursuant to this Section 1.4: (i) in any particular jurisdiction
in which the Company would be required to execute a general consent to service of process in effecting such registration, qualification or compliance unless the Company is already subject to service in such jurisdiction and except as may be required
by the Securities Act; (ii) during the ninety (90) days immediately following the effective date of the registration statement pertaining to the initial public offering of securities of the Company; or (iii) if (a) an investment banking firm of
recognized national standing shall advise the Company and the Holders in writing that effecting the registration would materially and adversely affect an offering of the securities of the Company the preparation of which has the been commenced; or
(b) the Company is in possession of material non-public information the disclosure of which during the period specified in such notice the Company believes would not be in the best interest of the Company, provided that the Company’s obligation
to use to commercially reasonable efforts to register, qualify or comply under this Section 1.2 shall be deferred for a period not to exceed ninety (90) days, and provided, further, that the Company shall not exercise its right under this clause to
defer such obligation more than once in any twelve (12) month period. 
  
 1.5 Expenses of Registration. 
  
 (a) All
Registration Expenses incurred in connection with (i) one registration pursuant to Section 1.2; (ii) all registrations pursuant to Section 1.3; and (iii) one registration pursuant to Section 1.4, shall be borne by the Company. The Company shall not
be required to pay the Registration Expenses of any registration proceeding begun pursuant to Section 1.2, the request of which has been subsequently withdrawn by the Initiating Holders. Notwithstanding the foregoing, if prior to such withdrawal the
Holders have learned of a material adverse change in the condition, business or prospects of the Company from that known to the Holders at the time of their request, of which the Company had knowledge at the time of the request, then the Holders
shall not be required to pay any of said Registration Expenses or to forfeit the right to one demand registration. 
  
 (b) All Selling Expenses incurred in connection with any registration hereunder shall be borne pro-rata by the Holders (and, if applicable, any other
holders) participating in such registration according to the number of Registrable Securities sold by such participating Holder (or, if applicable, any other holder) in such registration. 
  
 (c) Notwithstanding the provisions of Section 1.5(a), if, as a condition of registration or qualification of any offering in
any state or jurisdiction in which the Company or 
  

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any underwriter determines in good faith that it wishes to offer securities registered in an offering to which this Agreement applies, it is required that
offering expenses be allocated in a manner different from that provided in Section 1.5(a), the offering expenses shall be allocated in whatever permitted manner is most nearly in compliance with the provisions of this Agreement, so long as such
allocation does not materially reduce the net proceeds received by any Holder. 
  
 1.6 Indemnification. 
  
 (a) To the extent permitted by law, the Company will indemnify each Holder, each of its officers and directors and partners, and each person controlling such Holder within the meaning of Section 15 of the Securities Act, with respect to
which registration, qualification or compliance has been effected pursuant to this Agreement, and each underwriter, if any, and each person who controls any underwriter within the meaning of Section 15 of the Securities Act, against all expenses,
claims, losses, damages or liabilities (or actions in respect thereof), including any of the foregoing incurred in settlement of any litigation, commenced or threatened, arising out of or based on any untrue statement (or alleged untrue statement)
of a material fact contained in any registration statement, prospectus, offering circular or other document, or any amendment or supplement thereto, incident to any such registration, qualification or compliance, or based on any omission (or alleged
omission) to state therein a material fact required to be stated therein or necessary to make the statements therein, in light of the circumstances in which they were made, not misleading, or any violation (or alleged violation) by the Company of
the Securities Act or any rule or regulation promulgated under the Securities Act applicable to the Company in connection with any such registration, qualification or compliance, and the Company will reimburse or pay for the account of each such
Holder, each of its officers and directors, and each person controlling such Holder, each such underwriter and each person who controls any such underwriter, for any legal and any other expenses reasonably incurred (as and when incurred) in
connection with investigating, preparing or defending any such claim, loss, damage, liability or action; provided, however, that the Company will not be liable in any such case to the extent that any such claim, loss, damage, liability
or expense arises out of or is based on any untrue statement or omission or alleged untrue statement or omission, made in reliance upon and in conformity with written information furnished to the Company by an instrument duly executed by such
Holder, controlling person or underwriter and stated to be specifically for use therein. 
  
 (b) To the extent permitted by law, each Holder will, if Registrable Securities held by such Holder are included in the securities as to which such registration, qualification or compliance is being effected,
indemnify the Company, each of its directors and officers, each underwriter, if any, of the Company’s securities covered by such a registration statement, each person who controls the Company or such underwriter within the meaning of Section 15
of the Securities Act, and each other such Holder, each of its officers and directors and each person controlling such Holder within the meaning of Section 15 of the Securities Act, against all claims, losses, damages and liabilities (or actions in
respect thereof) arising out of or based on any untrue statement (or alleged untrue statement) of a material fact contained in any such registration statement, prospectus, offering circular or other document, or any omission (or alleged omission) to
state therein a material fact required to be stated therein or necessary to make the statements therein not misleading, and will reimburse or pay for the account of the Company, such Holders, such directors, officers, persons, underwriters or
control persons for any 
  

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legal or any other expenses reasonably incurred (as and when incurred) in connection with investigating or defending any such claim, loss, damage, liability
or action, in each case to the extent, but only to the extent, that such untrue statement (or alleged untrue statement) or omission (or alleged omission) is made in such registration statement, prospectus, offering circular or other document in
reliance upon and in conformity with written information furnished to the Company by an instrument duly executed by such Holder and stated to be specifically for use therein; provided, however, that the liability of a Holder for
indemnification under this Section 1.6(b) shall not exceed the net proceeds from the offering received by such Holder, unless such liability arises out of or is based on willful misconduct of such Holder. 
  
 (c) Each party entitled to indemnification under this Section 1.6 (the
“Indemnified Party”) shall give notice to the party required to provide indemnification (the “Indemnifying Party”) promptly after such Indemnified Party has actual knowledge of any claim as to which indemnity may be
sought and shall permit the Indemnifying Party to assume the defense of any such claim or any litigation resulting therefrom; provided, further, however, that counsel for the Indemnifying Party, who shall conduct the defense of
such claim or litigation, shall be approved by the Indemnified Party (which approval shall not unreasonably be withheld), and the Indemnified Party may participate in such defense at such party’s expense; provided, however, that
an Indemnified Party shall have the right to retain its own counsel, with the fees and expenses to be paid by the Indemnifying Party, if representation of such Indemnified Party by the counsel retained by the Indemnifying Party would be
inappropriate due to actual or potential differing interests between such Indemnified Party and any other party represented by such counsel in such proceeding. The failure of any Indemnified Party to give notice as provided herein shall not relieve
the Indemnifying Party of its obligations hereunder except to the extent that the failure to give such notice is materially prejudicial to an Indemnifying Party’s ability to defend such action. No Indemnifying Party, in the defense of any such
claim or litigation, shall, except with the consent of each Indemnified Party, consent to entry of any judgment or enter into any settlement that does not include as an unconditional term thereof the giving by the claimant or plaintiff to such
Indemnified Party of a release from all liability in respect to such claim or litigation. No Indemnifying Party shall be liable for indemnification hereunder with respect to any settlement or consent to judgment in connection with any claim or
litigation to which these indemnification provisions apply, that has been entered into without the prior consent of the Indemnifying Party (which consent will not be unreasonably withheld). 
  
 (d) If the indemnification provided for in this Section 1.6 is held by a
court of competent jurisdiction to be unavailable to an Indemnified Party with respect to any losses, claims, damages or liabilities referred to herein, the Indemnifying Party, in lieu of indemnifying such Indemnified Party hereunder, shall to the
extent permitted by applicable law, contribute to the amount paid or payable by such Indemnified Party as a result of such loss, claim, damage or liability in such proportion as is appropriate to reflect the relative fault of the Indemnifying Parry
on do one hand and of the Indemnified Party on the other in connection with the untrue statement (or alleged untrue statement) or omission (or alleged omission) that resulted in such loss, claim, damage or liability, as well as any other relevant
equitable considerations. The relative fault of the Indemnifying Party and of the Indemnified Party shall be determined by a court of law by reference to, among other things, whether the untrue or alleged untrue statement of a material fact or the
omission to state a material fact relates to information supplied by the Indemnifying Party or by the Indemnified Party and the parties’ relative intent, knowledge, access to 
  

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information and opportunity to correct or prevent such statement or omission; provided, that in no event shall any contribution by a Holder hereunder exceed
the net proceeds from the offering received by such Holder. Each Holder’s obligation to contribute pursuant to this Section 1.6 is several and not joint. 
  

(e) The obligations of the Company and the Holders under this Section 1.6 shall survive the completion of any offering of Registrable Securities in a
registration statement pursuant to this Agreement. 
  
 1.7
Information of Holder; Copies of Prospectus. The Holder or Holders of Registrable Securities included in any registration shall furnish to the Company such information regarding such Holder or Holders, the Registrable Securities held
by them and the distribution proposed by such Holder or Holders as the Company may request in writing and as shall be required in connection with any registration, qualification or compliance referred to herein. In connection with any such
registration, the Company shall furnish to such Holder or Holders such numbers of copies as may be reasonably requested in order to facilitate the disposition of Registrable Securities owned by such Holder of any prospectus or preliminary prospectus
prepared in conformity with the Securities Act. 
  
 1.8
Obligations of the Company. Whenever inquired under this Agreement to affect the registration of any Registrable Securities, the Company shall, as soon as practicable: 
  
 (a) Prepare and file with the Commission a registration statement with respect to such Registrable Securities and use its
commercially reasonable efforts to cause such registration statement to become effective, and upon the request of the Holders of a majority of the Registrable Securities registered thereunder, keep such registration statement effective for a period
of up to one hundred eighty (180) days or until the distribution contemplated in the Registration Statement has been completed. 
  
 (b) Prepare and file with the Commission such amendments and supplements to such registration statement and the prospectus used in connection with such
registration statement as may be necessary to comply with the provisions of the Securities Act with respect to the disposition of all securities covered by such registration statement. 
  
 (c) Use its commercially reasonable efforts to register and qualify the securities covered by such registration statement
under such other securities or blue sky laws of such jurisdictions as shall be reasonably requested by the Holders, provided that the Company shall not be required in connection therewith or as a condition thereto to file a general consent to
service of process in any such states or jurisdictions. 
  
 (d)
Notify each Holder of Registrable Securities covered by such registration statement at any time when a prospectus relating thereto is required to be delivered under the Securities Act of the happening of any event as a result of which the prospectus
included in such registration statement, as then in effect, includes an untrue statement of a material fact or omits to state a material fact or omits to state a material fact required to be stated therein or necessary to make the statements therein
not misleading in the light of the circumstances then existing. 
  

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 (e) Furnish to the Holders participating in such registration and, if applicable, to the underwriters of
the securities being registered, such reasonable number of copies of the registration statement, preliminary prospectus, final prospectus, and such other documents as such underwriters may reasonably request in order to facilitate the public
offering of such securities. 
  
 (f) Enter into and perform its
obligations under an underwriting agreement, in usual and customary form, with the managing underwriter of such offering. Each Holder participating in such underwriting shall also enter into and perform its obligations under such an agreement.

  
 1.9 Rule 144 Reporting. With a view to making
available the benefits of certain rules and regulations of the Commission, which may permit the sale of the Restricted Securities to the public without registration, after such time as a public market exists for the Common Stock of the Company, the
Company agrees to use its commercially reasonable efforts to: 
  
 (a) Make and keep public information available, as those terms are understood and defined in Rule 144 under the Securities Act at all times after the effective date that the Company becomes subject to the reporting requirements of the
Securities Exchange Act of 1934, as amended (the “Exchange Act”); 
  
 (b) File with the Commission in a timely manner all reports and other documents required of the Company under the Securities Act and the Exchange Act; 
  
 (c) So long as a Holder owns any Restricted Securities, furnish to the Holder forthwith upon request a written statement by
the Company as to its compliance with the reporting requirements of said Rule 144, a copy of the most recent annual quarterly report of the Company and such other reports and documents of the Company and other information in the possession of or
reasonably obtainable by the Company as a Holder may reasonably request in availing itself of any rule or regulation of the Commission allowing a Holder to sell any such securities without registration; and 
  
 (d) Take such action, including the voluntary registration of its Common
Stock under Section 12 of the Exchange Act, as is necessary to enable the Holders to utilize Form S-3 for the sale of their Registrable Securities, such action to be taken as soon as practicable after the end of the fiscal year in which the first
registration statement filed by the Company for the offering of its securities to the general public is declared effective. 
  
 1.10 Transfer of Registration Rights. The rights to cause the Company to register securities granted to Holders under Sections 1.2, 1.3, and
1.4 may be assigned or otherwise conveyed to a transferee or assignee in connection with any transfer or assignment of Registrable Securities by a Holder (together with any affiliate) provided that: (i) such transfer may otherwise be effected in
accordance with applicable securities laws; (ii) the transferee shall agree to be bound by all of the provisions of this Agreement; (iii) such transfer does not violate any agreements by and among the Company and such Holders; and (iv) such
transferee or assignee (a) is a wholly owned subsidiary, constituent partner (including retired and limited partners) or affiliate of such Holder, (b) is any family member of any individual Holder, (c) is a trust for the 
  

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benefit of any individual Holder, or (d) acquires from such Holder at least 1,200,000 shares of the Company’s Registrable Securities, subject to this
Agreement (adjusted for any stock split, combination or the like), or a lesser amount provided such transferee or assignee acquires all of the shares of the Company’s capital stock subject to this Agreement then held by such Holder.
Notwithstanding the foregoing, no transfer shall be effective hereunder unless the Company is given written notice by such transferee at the time of said transfer stating the name and address of said transferee, setting forth the facts underlying
said transferee’s compliance with this Section 1.10, and setting forth said transferees agreement to be bound by this Agreement and the Right of First Refusal Agreement. 
  
 1.11 Standoff Agreement. Each Holder agrees in connection with the initial underwritten public offering of the
Company’s securities, upon request of the Company or the underwriters managing any such offering, not to sell, make any short sale of, loan, grant any option for the purchase of, pledge, engage in hedging activities with respect to, or
otherwise dispose of any Registrable Securities (other than those included in the registration) without the prior written consent of the Company or such underwriters, as the case may be, for such period of time (not to exceed one hundred eighty
(180) days) from the effective date of such registration as may be requested by the Company or such managing underwriters; provided, however, that each of the Company’s officers and directors shall have agreed to be bound by the
same restrictions. Each Holder agrees to execute any further agreements requested by the Company or the underwriters evidencing the foregoing. 
  
 Section 2. 
  
 Miscellaneous 
  
 2.1 Transfer, Successors and Assigns. Except as the transferability of rights is expressly limited herein, the terms and conditions of this Agreement shall inure to the benefit of and be binding upon the
respective successors and assigns of the parties. Nothing in this Agreement, express or implied, is intended to confer upon any party other than the parties hereto or their respective successors and assigns any rights, remedies, obligations or
liabilities under or by reason of this Agreement, except as expressly provided in this Agreement. 
  
 2.2 Governing Law. Agreement shall be governed by and construed under the laws of the state of California as applied to agreements among
California residents entered into and to be performed entirely within California. 
  
 2.3 Counterparts. This Agreement may be executed in one or more counterparts, each of which shall be deemed an original, but all of which together shall constitute one and the same instrument.

  
 2.4 Notices. All notices and other
communications required or permitted hereunder shall be in writing and shall be mailed by registered or certified mail, postage prepaid, or otherwise delivered by hand or by messenger; addressed (a) if to a Holder, at such address as such Holder
shall have furnished to the Company in writing, or (b) if to the Company, at 3099 Orchard Drive, San Jose, California 95134 to the attention of do notice shall, be effective when 
  

 11 

 
actually delivered by hand or messenger, or five (5) business days after deposit, postage prepaid, in the mail. 
  
 2.5 Termination. This Agreement shall terminate with respect to
any Holder when such Holder may sell all of its Registrable Securities under Rule 144(k). 
  
 2.6 Termination of Prior Agreements. By execution of this Agreement, the Parties agree that the Prior Agreements are hereby terminated and the covenants and obligations therein shall be of no further
force or effect. 
  
 2.7 Severability. If any
provision of this Agreement, or the application thereof, will for an reason and to any extent be invalid or unenforceable, the remainder of this Agreement and application of such provision to other persons or circumstances will be interpreted so as
to reasonably effect the intent of the parties hereto. The parties further agree to replace such void or unenforceable provision of this Agreement with a valid and enforceable provision that will achieve, to the extent possible, the economic,
business and other Purposes of the void or unenforceable provision. 
  
 2.8 Entire Agreement. This Agreement constitutes the full and entire understanding and agreement between the parties with regard to the subjects hereof 
  
 2.9 Modifications and Amendments. This Agreement may be modified or amended only with the written consent of
the Company and the Holders holding at least a majority of the Registrable Securities then subject to this Agreement. Each Holder acknowledges that by the operation of this Section 2.9 the Holders of a majority of the Registrable Securities may have
the right and power to diminish or eliminate all rights of such Holder under this Agreement. Each Holder agrees that the Company may, without further action or consent by the Holders, amend this Amendment (i) to include in the definition of Holder
additional purchasers of Registrable Securities of the Company who acquire such shares in a transaction subsequent to the, date of this Agreement; and (ii) to grant to those Holders who acquire such Registrable Securities, in a subsequent
transaction, rights similar to those granted to the Holders hereunder. To include such additional Holders, Exhibit A hereto shall be amended to reflect such subsequent purchasers. Such subsequent purchasers, upon execution and delivery of a
counterpart signature page to this Agreement, shall be included herein as “Holders” and the shares of New Preferred Stock purchased by such subsequent purchasers shall be included herein as “Registrable Securities.”

  
 [SIGNATURE PAGE FOLLOWS] 
  

 12 

 The Parties hereto have executed this Registration Rights Agreement as of the date first written above.

  

	COMPANY:	 	 	 	HOLDER:
			
	TESSERA TECHNOLOGIES, INC.	 	 	 	  

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 13 

 EXHIBIT A 
  
 HOLDERS 
  

	 NAME, ADDRESS, TELEPHONE, FAX

	  	NO. OF SHARES

		
	 COMMON
	  	 
		
	 APA Excelsior III, L.P.
	  	863,599
		
	 Charles A. Ballard
	  	368
		
	 Richard A. Bianco
	  	112
		
	 John P. Birkelund
	  	3,334
		
	 CIN Venture Nominees Ltd.
	  	34,297
		
	 John Clinton
	  	32
		
	 Concord Partners II, L.P.
	  	430,812
		
	 CSK-1(A) Investment Fund
	  	40,000
		
	 Corporate Venture Partners, L.P.
	  	6,666
		
	 Alan Curtis
	  	90
		
	 Timothy G. Dalton, Jr.
	  	79
		
	 Dillon, Read & Co., Inc. as agent
	  	390,669
		
	 Amy DiStefano
	  	38,094
		
	 Thomas H. DiStefano
	  	945,611
		
	 Charles P. Durkin, Jr.
	  	552
		
	 Irwin Federman
	  	132
		
	 Peter M. Flanigan
	  	552
		
	 John H.F. Haskell, Jr.
	  	552
		
	 Franklin W. Hobbs, IV
	  	368
		
	 Yoshinori Inoue
	  	26,666
		
	 Craig A.T. Jones
	  	1,632
		
	 Harold T. King, Jr.
	  	79
		
	 Landmark Co-Investment Partners V, L.P.
	  	109,190
		
	 Bryan H. Lawrence
	  	368
		
	 Charles L. Lea Jr.
	  	5,464
		
	 Lexington Partners IV, L.P.
	  	5,628
		
	 Peter Leidel
	  	1,639
		
	 Noel MacDonald
	  	4,666
		
	 Robert Marrs
	  	1,333
		
	 Edgar Miller
	  	334

		
	 John H. Mullin III
	  	921
		
	 Rein Narma
	  	70,833
		
	 David W. Niemiec
	  	368
		
	 Thomas L. Piper III
	  	368
		
	 William H. Purcell
	  	91
		
	 James F. Reilly
	  	15,000
		
	Royal Bank of Canada Trust Company (Jersey) Limited, Custodian to APA Excelsior III / Offshore Limited Partnership	  	332,569
		
	 Kenneth M. Schmidt
	  	368
		
	 Shinko Electric Industries Co., Ltd.
	  	133,333
		
	 Masaharu Shinya
	  	13,333
		
	 John W. Smith
	  	716,259
		
	 Danforth W. Starr
	  	368
		
	 William J. Stewart
	  	6,666
		
	 Technology Funding Venture Partners V an Aggressive Growth Fund, L.P.
	  	48,502
		
	 Thomas H. DiStefano as custodian for Peter Thomas DiStefano under the California Transfers to Minors Act
	  	51,427
		
	 Thomas H. DiStefano as custodian for Pia Christina DiStefano under the California Transfers to Minors Act
	  	51,427
		
	 Venture Lending and Leasing, Inc.
	  	25,000
		
	 Warburg Dillon Read L.L.C.
	  	2,077
		
	 Lorenzo D. Weisman
	  	368
		
	 Edward B. Whitney
	  	368
		
	 George A. Wiegers
	  	368
		
	 Richard C. Yancey
	  	334
		
	 Philip M. Young
	  	250
		
	 Robert A. Young
	  	206,679
		
	 TOTAL COMMON:
	  	4,590,195
		
	 SERIES A 10% CUMULATIVE CONVERTIBLE PREFERRED
	  	 
		
	 APA Excelsior III, L.P.
	  	595,682
		
	 Charles A. Ballard
	  	449
		
	 Richard A. Bianco
	  	136
		
	 John P. Birkelund
	  	4,062
		
	 CIN Venture Nominees Ltd.
	  	30,900
		
	 John Clinton
	  	38

		
	 Concord Partners II, L.P.
	  	665,333
		
	 Corporate Venture Partners, L.P.
	  	133,333
		
	 Alan Curtis
	  	110
		
	 Timothy G. Dalton, Jr.
	  	97
		
	 Charles P. Durkin, Jr.
	  	674
		
	 Irwin Federman
	  	160
		
	 Peter M. Flanigan
	  	674
		
	 John H.F. Haskell, Jr.
	  	674
		
	 Franklin W. Hobbs, IV
	  	449
		
	 Craig A.T. Jones
	  	1,988
		
	 Harold T. King, Jr.
	  	97
		
	 Landmark Co-Investment Partners V, L.P.
	  	133,066
		
	 Bryan H. Lawrence
	  	449
		
	 Charles L. Lea Jr.
	  	6,658
		
	 Peter Leidel
	  	1,997
		
	 Noel MacDonald
	  	20,000
		
	 Edgar Miller
	  	407
		
	 John H. Mullin III
	  	1,123
		
	 Rein Narma
	  	27,362
		
	 David W. Niemiec
	  	449
		
	 Thomas L. Piper III
	  	449
		
	 William H. Purcell
	  	111
		
	Royal Bank of Canada Trust Company (Jersey) Limited, Custodian to APA Excelsior III / Offshore Limited Partnership	  	231,750
		
	 Kenneth M. Schmidt
	  	449
		
	 Danforth W. Starr
	  	449
		
	 Warburg Dillon Read L.L.C.
	  	2,531
		
	 Lorenzo D. Weisman
	  	449
		
	 Edward B. Whitney
	  	449
		
	 George A. Wiegers
	  	449
		
	 Richard C. Yancey
	  	408
		
	 Philip M. Young
	  	305
		
	 Robert A. Young
	  	33,182
		
	 TOTAL SERIES A:
	  	1,897,348
		
	 SERIES B 10% CUMULATIVE CONVERTIBLE PREFERRED
	  	 

		
	 APA Excelsior III, L.P.
	  	2,162,832
		
	 Charles A. Ballard
	  	2,959
		
	 Richard A. Bianco
	  	898
		
	 John P. Birkelund
	  	26,751
		
	 CIN Venture Nominees Ltd.
	  	112,004
		
	 John Clinton
	  	253
		
	 Concord Partners II, L.P.
	  	1,987,946
		
	 Corporate Venture Partners, L.P.
	  	213,004
		
	 Alan Curtis
	  	728
		
	 Timothy G. Dalton, Jr.
	  	638
		
	 Dillon, Read & Co., Inc. as agent
	  	349,393
		
	 Charles P. Durkin, Jr.
	  	4,436
		
	 Irwin Federman
	  	1,057
		
	 Peter M. Flanigan
	  	4,436
		
	 John H.F. Haskell, Jr.
	  	4,436
		
	 Franklin W. Hobbs, IV
	  	2,959
		
	 Craig A.T. Jones
	  	13,094
		
	 Harold T. King, Jr.
	  	638
		
	 Landmark Co-Investment Partners V, L.P.
	  	876,160
		
	 Bryan H. Lawrence
	  	2,959
		
	 Charles L. Lea Jr.
	  	43,843
		
	 Peter Leidel
	  	13,150
		
	 Lerner, David, Littenberg, Krumholz & Mentlik
	  	71,498
		
	 Lexington Partners IV, L.P.
	  	13,761
		
	 Noel MacDonald
	  	1,772
		
	 Edgar Miller
	  	2,681
		
	 John H. Mullin III
	  	7,395
		
	 Rein Narma
	  	2,402
		
	 New York State Science and Technology Foundation
	  	222,222
		
	 David W. Niemiec
	  	2,959
		
	 Thomas L. Piper III
	  	2,959
		
	 William H. Purcell
	  	732
		
	Royal Bank of Canada Trust Company (Jersey) Limited, Custodian to APA Excelsior III / Offshore Limited Partnership	  	836,312
		
	 Kenneth M. Schmidt
	  	2,959
		
	 John W. Smith
	  	14,666
		
	 Danforth W. Starr
	  	2,959
		
	 Technology Funding Venture Partners V an Aggressive Growth Fund, L.P.
	  	444,444
		
	 Warburg Dillon Read L.L.C.
	  	16,669

  

 17 

		
	 Lorenzo D. Weisman
	  	2,959
		
	 Edward B. Whitney
	  	2,959
		
	 George A. Wiegers
	  	2,959
		
	 Richard C. Yancey
	  	2,685
		
	 Philip M. Young
	  	2,010
		
	 Robert A. Young
	  	49,903
		
	 TOTAL SERIES B:
	  	7,534,439
		
	 SERIES C 10% CUMULATIVE CONVERTIBLE PREFERRED
	  	 
		
	 Amkor Electronics, Inc.
	  	666,666
		
	 APA Excelsior III, L.P.
	  	424,434
		
	 Charles A. Ballard
	  	288
		
	 Richard A. Bianco
	  	87
		
	 John P. Birkelund
	  	2,606
		
	 John Boruch
	  	4,666
		
	 Richard M. Chong
	  	13,333
		
	 CIN Venture Nominees Ltd.
	  	21,890
		
	 John Clinton
	  	24
		
	 CNA Trust Corporation TTEE FBO: VLG401(k) FBO: Tae Hea Nahm
	  	1,333
		
	 Concord Partners II, L.P.
	  	226,666
		
	 Corporate Venture Partners, L.P.
	  	13,333
		
	 CSK-1(A) Investment Fund
	  	800,000
		
	 Alan Curtis
	  	70
		
	 Timothy G. Dalton, Jr.
	  	62
		
	 Delaware Charter Guarantee and Trust Co. TTEE FBO Stephen Stone
	  	13,333
		
	 Dillon, Read & Co., Inc. as agent
	  	118,087
		
	 Charles P. Durkin, Jr.
	  	432
		
	 Irwin Federman
	  	102
		
	 Peter M. Flanigan
	  	432
		
	 John H.F. Haskell, Jr.
	  	432
		
	 Franklin W. Hobbs, IV
	  	288
		
	 Bruce Hsiang
	  	26,666
		
	 Te Hua Hsu
	  	26,666
		
	 Yoshinori Inoue
	  	53,333
		
	 Investor AB
	  	560,000

		
	 Investor Group L.P.
	  	240,000
		
	 Kuo Chon Shu Jean
	  	80,000
		
	 Craig A.T. Jones
	  	1,276
		
	 Kanway Investment Co., Limited
	  	26,666
		
	 Harold T. King, Jr.
	  	62
		
	 Landmark Co-Investment Partners V, L.P.
	  	85,333
		
	 Bryan H. Lawrence
	  	288
		
	 Charles L. Lea Jr.
	  	4,270
		
	 Peter Leidel
	  	1,281
		
	 Lexington Partners IV, L.P.
	  	4,000
		
	 LogiCom Holdings Inc.
	  	266,666
		
	 Noel MacDonald
	  	11,999
		
	 Robert Marrs
	  	2,666
		
	 Edgar Miller
	  	261
		
	 Mitsui Comtek Corp.
	  	266,666
		
	 John H. Mullin III
	  	720
		
	 David W. Niemiec
	  	288
		
	 Thomas L. Piper III
	  	288
		
	 William H. Purcell
	  	71
		
	 Readrite Corporation
	  	266,666
		
	 Royal Bank of Canada Trust Company (Jersey) Limited, Custodian to APA Excelsior III / Offshore Limited Partnership
	  	161,747
		
	 Kenneth M. Schmidt
	  	288
		
	 Shinko Electric Industries Co., Ltd.
	  	266,666
		
	 Masaharu Shinya
	  	26,666
		
	 Springbridge Capital Corporation
	  	66,989
		
	 Springvest Corporation
	  	222,183
		
	 Danforth W. Starr
	  	288
		
	 William J. Stewart
	  	13,333
		
	 Terao Limited
	  	26,666
		
	 The P/A Fund, L.P.
	  	533,333
		
	 Venture Lending and Leasing, Inc.
	  	40,833
		
	 Warburg Dillon Read L.L.C.
	  	1,624
		
	 Lorenzo D. Weisman
	  	288
		
	 Edward B. Whitney
	  	288
		
	 George A. Wiegers
	  	288
		
	 Richard C. Yancey
	  	261

	 Philip M. Young
	  	196
	 Robert A. Young
	  	4,179
		
	 TOTAL SERIES C:
	  	5,600,812
		
	 SERIES D 10% CUMULATIVE CONVERTIBLE PREFERRED
	  	 
		
	 Amkor Technology, Inc.
	  	64,681
		
	 Anthony Martini, Smith Barney Inc. KEO MP Custodian
	  	10,000
		
	 APA Excelsior III, L.P.
	  	196,568
		
	 APA Excelsior IV, L.P.
	  	443,293
		
	 Charles A. Ballard
	  	205
		
	 Richard A. Bianco
	  	62
		
	 John P. Birkelund
	  	1,856
		
	 John Boruch
	  	398
		
	 Carolyn F. Butcher
	  	2,222
		
	 Chase Manhattan Bank for benefit of Anthony Colantonio Roth IRA
	  	8,000
		
	 Richard M. Chong
	  	292
		
	 CIN Venture Nominees Ltd.
	  	10,182
		
	 John Clinton
	  	17
		
	 Giusto & Angela Colantonio
	  	4,000
		
	 Concord Partners II, L.P.
	  	194,292
		
	 Corporate Venture Partners, L.P.
	  	28,326
		
	 Coutts & Co. (Cayman) Ltd., Custodian for APA Excelsior IV/Offshore, L.P.
	  	78,226
		
	 CSK-1(A) Investment Fund
	  	135,890
		
	 Alan Curtis
	  	50
		
	 Timothy G. Dalton, Jr.
	  	44
		
	 Delaware Charter Guarantee and Trust Co. TTEE FBO Stephen Stone
	  	346
		
	 Dillon, Read & Co., Inc. as agent
	  	42,241
		
	 Charles P. Durkin, Jr.
	  	308
		
	 Irwin Federman
	  	73
		
	 Peter M. Flanigan
	  	308
		
	 John H.F. Haskell, Jr.
	  	308
		
	 Franklin W. Hobbs, IV
	  	205
		
	 Te Hua Hsu
	  	547
		
	 Yoshinori Inoue
	  	3,882
		
	 Investor AB
	  	2,814,574

		
	 Investor Group L.P.
	  	1,206,246
		
	 Kuo Chon Shu Jean
	  	1,643
		
	 Craig A.T. Jones
	  	908
		
	 Kanway Investment Co., Limited
	  	547
		
	 Harold T. King, Jr.
	  	44
		
	 Landmark Co-Investment Partners V, L.P.
	  	60,790
		
	 Bryan H. Lawrence
	  	205
		
	 Charles L. Lea Jr.
	  	3,041
		
	 Peter Leidel
	  	912
		
	 Lerner, David, Littenberg, Krumholz & Mentlik
	  	5,075
		
	 Lexington Partners IV, L.P.
	  	1,132
		
	 LogiCom Holdings Inc.
	  	6,684
		
	 Noel MacDonald
	  	2,394
		
	 Robert Marrs
	  	227
		
	 Anthony & Marisa Martini
	  	2,000
		
	 Edgar Miller
	  	186
		
	 Mitsui Comtek Corp.
	  	10,995
		
	 Morgan Stanley DW, Inc., custodian for John B. Goodrich IRA Rollover 09/08/99
	  	2,666
		
	 John H. Mullin III
	  	513
		
	 Rein Narma
	  	2,108
		
	 New York State Science and Technology Foundation
	  	18,667
		
	 David W. Niemiec
	  	205
		
	 Patricof Private Investment Club, L.P.
	  	8,480
		
	 Thomas L. Piper III
	  	205
		
	 James W. Porter
	  	2,222
		
	 William H. Purcell
	  	50
		
	 Readrite Corporation
	  	6,940
		
	Royal Bank of Canada Trust Company (Jersey) Limited, Custodian to APA Excelsior III / Offshore Limited Partnership	  	76,099
		
	 Kenneth M. Schmidt
	  	205
		
	 Shinko Electric Industries Co., Ltd.
	  	23,665
		
	 Masaharu Shinya
	  	2,173
		
	 John W. Smith
	  	1,232
		
	 Springbridge Capital Corporation
	  	1,010
		
	 Springvest Corporation
	  	5,661
		
	 Danforth W. Starr
	  	205
		
	 William J. Stewart
	  	1,138

		
	 Terao Limited
	  	547
		
	 The P/A Fund, L.P.
	  	81,689
		
	 Gifford Touchstone
	  	2,222
		
	 Warburg Dillon Read L.L.C.
	  	1,156
		
	 Lorenzo D. Weisman
	  	205
		
	 Edward B. Whitney
	  	205
		
	 George A. Wiegers
	  	205
		
	 WS Investment Company ‘97A
	  	4,000
		
	 Richard C. Yancey
	  	186
		
	 Philip M. Young
	  	139
		
	 Robert A. Young
	  	5,122
		
	 TOTAL SERIES D:
	  	5,593,545
		
	 SERIES E 10% CUMULATIVE CONVERTIBLE PREFERRED
	  	 
		
	 Dominick Abel
	  	13,333
		
	 APA Excelsior IV, L.P.
	  	80,916
		
	 Sol Barer
	  	13,333
		
	 Lawrence B. Benenson
	  	6,666
		
	 Browne & Browne Partners
	  	26,666
		
	 Bruce E. Heath IRR Stock Trust A/C 555-09310
	  	33,333
		
	 Bruce E. Heath IRR Stock Trust A/C 555-09311
	  	33,333
		
	 Bruce E. Heath IRR Stock Trust A/C 555-09312
	  	33,333
		
	 Joseph O. Bunting III
	  	26,666
		
	 Cavallino Ventures, LLC
	  	133,333
		
	 Patricia M. Cloherty
	  	66,666
		
	 Concord Partners II, L.P.
	  	106,666
		
	 Coutts & Co. (Cayman) Ltd., Custodian for APA Excelsior IV/Offshore, L.P.
	  	5,822
		
	 CSK-1(A) Investment Fund
	  	133,333
		
	 Harshad K. Desai
	  	40,000
		
	 Thomas D. Doherty
	  	133,333
		
	 Morris Ulysses Dweck
	  	6,666
		
	 Raul P. and Jacqueline D. Esquivel
	  	33,333
		
	 Robert M. Farmer
	  	13,333
		
	 Fineman Revocable Trust of 2/12/97
	  	13,333
		
	 Harriet Frieze
	  	53,333

		
	 David B. Gardner
	  	13,333
		
	 Bernard S. Gartenlaub
	  	13,333
		
	 Gaverick Investments Limited
	  	66,666
		
	 John B. Goodrich
	  	13,333
		
	 Bruce E. Heath
	  	66,666
		
	 Hull Overseas, Ltd.
	  	26,666
		
	 Investor AB
	  	186,665
		
	 Investor Group L.P.
	  	79,999
		
	 James J. Grogan Trustee for The Grogan Revocable Family Trust Dated May 21, 1999
	  	40,000
		
	 James V. Riley Revocable Trust U/A/D June 17, 1998
	  	13,333
		
	 Craig A.T. Jones
	  	13,333
		
	 DeSoto S. Jordan Jr.
	  	133,333
		
	 DeSoto Samuel Jordan, III
	  	20,000
		
	 Young J. Jun
	  	13,333
		
	 Michael A. Kalman
	  	66,666
		
	 Kopin Capital, LLC
	  	13,333
		
	 Landmark Co-Investment Partners V, L.P.
	  	669,130
		
	 LG Venture Investment Inc.
	  	133,333
		
	 Craig Stephen Lipka
	  	13,333
		
	 Marc A. Snyder Trustee, Rose F. Snyder Trust U/A/D, 12/8/95
	  	20,000
		
	 Lisa and William C. McGahan
	  	13,333
		
	 Greg Mischou
	  	2,000
		
	 Daniel P. Molloy
	  	40,000
		
	 Maurice Musry
	  	6,666
		
	 Andrew F. Nicoletta
	  	26,666
		
	 Andrew Justin Nicoletta
	  	13,333
		
	 Parsimony Ltd.
	  	426,666
		
	 Patricof Private Investment Club, L.P.
	  	631
		
	 Mark A. Pugrant
	  	16,666
		
	 Qasim Ahmad Fakhro Investment Co.
	  	13,333
		
	 Rambus, Inc.
	  	266,666
		
	 Red Rock Partners, Ltd.
	  	6,666
		
	 James F. Reilly
	  	6,666
		
	 Royal Bank of Canada Trust Company (Jersey) Limited, Custodian to APA Excelsior III / Offshore Limited Partnership
	  	18,440
		
	 David Alan Russekoff
	  	13,333
		
	 Michael G. Ryan
	  	66,666

		
	 Daniel L. Simon
	  	200,000
		
	 Don Soo Suh
	  	13,333
		
	 Susan Snyder Trustee, Susan Snyder Trust U/A/D, 1/27/94
	  	13,333
		
	 James L. Tadych
	  	26,666
		
	 The Benenson Capital Company
	  	26,666
		
	 The P/A Fund, L.P.
	  	25,058
		
	 Ian Wallace
	  	26,666
		
	 Lawrence Weissberg
	  	16,666
		
	 Fred S. Willis, Dr.
	  	13,333
		
	 TOTAL SERIES E:
	  	3,921,970
		
	 SERIES E-1 10% CUMULATIVE CONVERTIBLE PREFERRED
	  	 
		
	 Dominick Abel
	  	255
		
	 Arbor Company
	  	277,778
		
	 Charles A. Ballard
	  	82
		
	 Morris Ulysses Dweck
	  	128
		
	 Equity Group Holdings III LLC
	  	277,778
		
	 John B. Goodrich
	  	2,222
		
	 Michael A. Ladra
	  	2,222
		
	 Marc A. Snyder Trustee, Rose F. Snyder Trust U/A/D, 12/8/95
	  	383
		
	 Daniel P. Molloy
	  	766
		
	 John H. Mullin III
	  	3,128
		
	 James Otteson
	  	1,111
		
	 Thomas L. Piper III
	  	648
		
	 James F. Reilly
	  	518
		
	 Susan Snyder Trustee, Susan Snyder Trust U/A/D, 1/27/94
	  	255
		
	 Ian Wallace
	  	510
		
	 WS Investment Company 2000A
	  	7,778
		
	 TOTAL SERIES E-1:
	  	575,562Warrant to purchase 6,698 shares of Common Stock

 Exhibit 4.3 
  

NEITHER THIS WARRANT NOR THE SHARES OF STOCK ISSUABLE UPON EXERCISE HEREOF HAVE BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED. NO SALE, TRANSFER OR
OTHER DISPOSITION OF THIS WARRANT OR SAID SHARES MAY BE EFFECTED WITHOUT (i) AN EFFECTIVE REGISTRATION STATEMENT RELATED THERETO, (ii) AN OPINION OF COUNSEL FOR THE HOLDER, REASONABLY SATISFACTORY TO THE COMPANY, THAT SUCH REGISTRATION IS NOT
REQUIRED, OR (iii) RECEIPT OF A NO-ACTION LETTER FROM THE SECURITIES AND EXCHANGE COMMISSION TO THE EFFECT THAT REGISTRATION UNDER THE ACT IS NOT REQUIRED. 
  
 THIS WARRANT AND THE SHARES OF COMMON STOCK ISSUED UPON ITS 
 EXERCISE ARE SUBJECT TO THE RESTRICTIONS ON 
 TRANSFER SET FORTH IN SECTION 4 OF THIS WARRANT

  

	 Warrant No. CW-8
	 	 Number of Shares: 10,047
 (subject to adjustment)  

	 Date of Issuance: October 27, 1993
	 	 

  
 TESSERA, INC.

  
 Common Stock Purchase Warrant 
  
 (Void after October 27, 2003) 
  
 Tessera, inc., a Delaware corporation (the “Company”), for value
received, hereby certifies that LERNER, DAVID, LITTENBERG, KRUMHOLZ & MENTLIK, or its registered assigns (the “Registered Holder”), is entitled, subject to the terms set forth below, to purchase from the Company, at any time or from
time to time on or after the date of issuance and on or before the earlier of: (i) the tenth (10th) annual anniversary date after the date of issuance, or (ii) the fifth (5th) annual anniversary after the consummation of the Company’s initial
underwritten public offering of its Common Stock (as defined in the Certificate of Incorporation), the aggregate gross proceeds from which exceed Five Million Dollars ($5,000,000), at no later than 5:00 p.m. (New York time), 10,047 shares of Common
Stock, $.01 par value per share, of the Company, at a purchase price of $.10 per share. The shares purchasable upon exercise of this Warrant, and the purchase price per share, each as adjusted from time to time pursuant to the provisions of this
Warrant, are hereinafter referred to as the “Warrant Shares” and the “Purchase Price,” respectively. 

 1. Exercise. 
  
 (a) This Warrant may be exercised by the Registered Holder, in whole or in part, by surrendering this Warrant, with the
purchase form appended hereto as Exhibit I duly executed by such Registered Holder or by such Registered Holder’s duly authorized attorney, at the principal office of the Company, or at such other office or agency as the Company may
designate, accompanied by payment in full, in lawful money of the United States, of the Purchase Price payable in respect of the number of Warrant Shares purchased upon such exercise. 
  
 (b) The Registered Holder may, at its option, elect to pay some or all of the Purchase Price payable upon an exercise of
this Warrant by cancelling a portion of this Warrant exercisable for such number of Warrant Shares as is determined by dividing (i) the total Purchase Price payable in respect of the number of Warrant Shares being purchased upon such exercise by
(ii) the excess of the Fair Market Value per share of Common Stock as of the effective date of exercise, as determined pursuant to subsection 1(c) below (the “Exercise Date”) over the Purchase Price per share. If the Registered Holder
wishes to exercise this Warrant pursuant to this method of payment with respect to the maximum number of Warrant Shares purchasable pursuant to this method, then the number of Warrant Shares so purchasable shall be equal to the total number of
Warrant Shares, minus the product obtained by multiplying (x) the total number of Warrant Shares by (y) a fraction, the numerator of which shall be the Purchase Price per share and the denominator of which shall be the Fair Market Value per share of
Common Stock as of the Exercise Date. The Fair Market Value per share of Common Stock shall be determined as follows: 
  
 (i) of the Common Stock is listed on a national securities exchange, the NASDAQ National Market System, the NASDAQ system, or another nationally
recognized exchange or trading system as of the Exercise Date, the Fair Market Value per share of Common Stock shall be deemed to be the last reported sale price per share of Common Stock thereon on the Exercise Date; or, if no such price is
reported on such date, such price on the next preceding business day (provided that if no such price is reported on the next preceding business day, the Fair Market Value per share of Common Stock shall be determined pursuant to clause (ii)).

  
 (ii) If the Common Stock is not listed on a national
securities exchange, the NASDAQ National Market System, the NASDAQ system or another nationally recognized exchange or trading system as of the Exercise Date, the Fair Market Value per share of Common Stock shall be deemed to be the amount most
recently determined by the Board of Directors to represent the 

  

 2 

 
fair market value per share of the Common Stock (including without limitation a determination for purposes of granting Common Stock options or issuing Common
Stock under an employee benefit plan of the Company); and, upon request of the Registered Holder, the Board of Directors (or a representative thereof) shall promptly notify the Registered Holder of the Fair Market Value per share of Common Stock.
Notwithstanding the foregoing, if the Board of Directors has not made such a determination within the three-month period prior to the Exercise Date, then (A) the Fair Market Value per share of Common Stock shall be the amount next determined by the
Board of Directors to represent the fair market value per share of the Common Stock (including without limitation a determination for purposes of granting Common Stock options or issuing Common Stock under an employee benefit plan of the Company),
(B) the Board of Directors shall make such a determination within 15 days of a request by the Registered Holder that it do so, and (C) the exercise of this Warrant pursuant to this subsection 1(b) shall be delayed until such determination is made.

  
 (c) Each exercise of this Warrant shall be deemed to have been
effected immediately prior to the close of business on the day on which this Warrant shall have been surrendered to the Company as provided in subsection 1(a) above. At such time, the person or persons in whose name or names any certificates for
Warrant Shares shall be issuable upon such exercise as provided in subsection 1(d) below shall be deemed to have become the holder or holders of record of the Warrant Shares represented by such certificates. 
  
 (d) As soon as practicable after the exercise of this Warrant in full or in
part, and in any event within 10 days thereafter, the Company, at its expense, will cause to be issued in the name of, and delivered to, the Registered Holder, or as such Holder (upon payment by such Holder of any applicable transfer taxes) may
direct: 
  
 (i) a certificate or certificates for the number of
full Warrant Shares to which such Registered Holder shall be entitled upon such exercise plus, in lieu of any fractional share to which such Registered Holder would otherwise be entitled, cash in an amount determined pursuant to Section 3 hereof;
and 
  
 (ii) in case such exercise is in part only, a new warrant
or warrants (dated the date hereof) of like tenor, calling in the aggregate on the face or faces thereof for the number of Warrant Shares equal (without giving effect to any adjustment therein) to the number of such shares called for on the face of
this Warrant minus the sum of (a) the number of such shares purchased by the Registered Holder upon such exercise plus 

  

 3 

 
(b) the number of Warrant Shares (if any) covered by the portion of this Warrant cancelled in payment of the Purchase Price payable upon such exercise
pursuant to subsection 1(b) above. 
  
 2. Adjustments.

  
 (a) General. The Purchase Price shall be subject to
adjustment from time to time pursuant to the terms of this Section 2. 
  
 (b) Recapitalizations. If outstanding shares of the Company’s Common Stock shall be subdivided into a greater number of shares or a dividend in Common Stock shall be paid in respect of Common Stock, the Purchase Price in effect
immediately prior to such subdivision or at the record date of such dividend shall simultaneously with the effectiveness of such subdivision or immediately after the record date of such dividend be proportionately reduced. If outstanding shares of
Common Stock shall be combined into a smaller number of shares, the Purchase Price in effect immediately prior to such combination shall, simultaneously with the effectiveness of such combination, be proportionately increased. 
  
 (c) Mergers, etc. If there shall occur any capital reorganization or
reclassification of the Company’s Common Stock (other than a change in par value or a subdivision or combination as provided for in subsection 2(b) above), or any consolidation or merger of the Company with or into another corporation, or a
transfer of all or substantially all of the assets of the Company, then, as part of any such reorganization, reclassification, consolidation, merger or sale, as the case may be, lawful provision shall be made so that the Registered Holder of this
Warrant shall have the right thereafter to receive upon the exercise hereof the kind and amount of shares of stock or other securities or property which such Registered Holder would have been entitled to receive if, immediately prior to any such
reorganization, reclassification, consolidation, merger or sale, as the case may be, such Registered Holder had held the number of shares of Common Stock which were then purchasable upon the exercise of this Warrant. In any such case, appropriate
adjustment (as reasonably determined in good faith by the Board of Directors of the Company) shall be made in the application of the provisions set forth herein with respect to the rights and interests thereafter of the Registered Holder of this
Warrant, such that the provisions set forth in this Section 2 (including provisions with respect to adjustment of the Purchase Price) shall thereafter be applicable, as nearly as is reasonably practicable, in relation to any shares of stock or other
securities or property thereafter deliverable upon the exercise of this Warrant. 
  

 4 

 (d) Adjustment in Number of Warrant Shares. When any adjustment is required to be made in the
Purchase Price, the number of Warrant Shares purchasable upon the exercise of this Warrant shall be changed to the number determined by dividing (i) an amount equal to the number of shares issuable upon the exercise of this Warrant immediately prior
to such adjustment, multiplied by the Purchase Price in effect immediately prior to such adjustment, by (ii) the Purchase Price in effect immediately after such adjustment. 
  
 (e) Certificate of Adjustment. When any adjustment is required to be made pursuant to this Section 2, the Company
shall promptly mail to the Registered Holder a certificate setting forth the Purchase Price after such adjustment and setting forth a brief statement of the facts requiring such adjustment. Such certificate shall also set forth the kind and amount
of stock or other securities or property into which this Warrant shall be exercisable following such adjustment. 
  
 3. Fractional Shares. The Company shall not be required upon the exercise of this Warrant to issue any fractional shares, but shall make an
adjustment therefor in cash on the basis of the Fair Market Value per share of Common Stock, as determined pursuant to subsection 1(b) above. 
  
 4. Requirements for Transfer. 
  
 (a) This Warrant and the Warrant Shares shall not be sold or transferred unless either (i) they first shall have been registered under the Securities Act
of 1933, as amended (the “Act”), or (ii) the Company first shall have been furnished with an opinion of legal counsel, reasonably satisfactory to the Company, to the effect that such sale or transfer is exempt from the registration
requirements of the Act. 
  
 (b) Notwithstanding the foregoing, no
registration or opinion of counsel shall be required for (i) a transfer by a Registered Holder which is a partnership to a partner of such partnership or a retired partner of such partnership who retires after the date hereof, or to the estate of
any such partner or retired partner, if the transferee agrees in writing to be subject to the terms of this Section 4, or (ii) a transfer made in accordance with Rule 144 under the Act. 
  
 (c) Each certificate representing Warrant Shares shall bear a legend substantially in the following form: 
  

	 	 	“The securities represented by this certificate have not been registered under the Securities Act of 1933, as amended, and were acquired by the Registered Holder for	  	 

  

 5 

	 	 	such holder’s own account for investment. These Warrants may not be pledged, hypothecated, sold or transferred in the absence of an effective registration statement for the
shares under the Securities Act of 1933, as amended, or an opinion of counsel, which opinion is satisfactory in form and substance to the Company to the effect that such registration is not required under said Act.”	  	 
			
	 	 	“This certificate and the shares represented hereby are also subject to certain rights of first refusal granted to the Company and certain other restrictions and may not be
offered for sale, sold, bequeathed, transferred (including by will or pursuant to the laws of descent and distribution or otherwise), pledged, encumbered or otherwise disposed of except as provided in Section 5 of that certain Stock Purchase
Agreement dated as of June 13, 1991, as amended, by and among the parties named therein, and as provided in that certain Shareholders Agreement dated as of June 13, 1991, by and among the parties named therein, copies of which agreements are on file
at the office of the Company. Any purported transfer in violation of such agreements shall be void.”	  	 

  
 The foregoing legend shall be removed
from the certificates representing any Warrant Shares, at the request of the holder thereof, at such time as they become eligible for resale pursuant to Rule 144(k) under the Act. 
  
 5. No Impairment. The Company will not, by amendment of its charter or through reorganization, consolidation, merger,
dissolution, sale of assets or any other voluntary action, avoid or seek to avoid the observance or performance of any of the terms of this Warrant, but will at all times in good faith assist in the carrying out of all such terms and in the taking
of all such action as may be necessary or appropriate in order to protect the rights of the holder of this Warrant against impairment. 
  
 6. Liquidating Dividends. If the Company pays a dividend or makes a distribution on the Common Stock payable otherwise than in cash out of earnings
or earned surplus (determined in accordance with generally accepted accounting principles) except for a stock dividend payable in shares of Common Stock (a “Liquidating Dividend”), then the Company will pay or distribute 

  

 6 

 
to the Registered Holder of this Warrant, upon the exercise hereof, in addition to the Warrant Shares purchased upon such exercise, the Liquidating Dividend
which would have been paid to such Registered Holder if he had been the owner of record of such Warrant Shares immediately prior to the date on which a record is taken for such Liquidating Dividend or, if no record is taken, the date as of which the
record holders of Common Stock entitled to such dividends or distribution are to be determined. 
  
 7. Notices of Record Date, etc. In case: 
  
 (a) the Company shall take a record of the holders of its Common Stock (or other stock or securities at the time deliverable upon the exercise of this
Warrant) for the purpose of entitling or enabling them to receive any dividend or other distribution, or to receive any right to subscribe for or purchase any shares of stock of any class or any other securities, or to receive any other right; or

  
 (b) of any capital reorganization of the Company, any
reclassification of the capital stock of the Company, any consolidation or merger of the Company with or into another corporation (other than a consolidation or merger in which the Company is the surviving entity), or any transfer of all or
substantially all of the assets of the Company; or 
  
 (c) of the
voluntary or involuntary dissolution, liquidation or winding-up of the Company, then, and in each such case, the Company will mail or cause to be mailed to the Registered Holder of this Warrant a notice specifying, as the case may be, (i) the date
on which a record is to be taken for the purpose of such dividend, distribution or right, and stating the amount and character of such dividend, distribution or right, or (ii) the effective date on which such reorganization, reclassification,
consolidation, merger, transfer, dissolution, liquidation or winding-up is to take place, and the time, if any is to be fixed, as of which the holders of record of Common Stock (or such other stock or securities at the time deliverable upon the
exercise of this Warrant) shall be entitled to exchange their shares of Common Stock (or such other stock or securities) for securities or other property deliverable upon such reorganization, reclassification, consolidation, merger, transfer,
dissolution, liquidation or winding-up. Such notice shall be mailed at least ten (10) days prior to the record date or effective date for the event specified in such notice. 
  
 8. Reservation of Stock. The Company will at all times reserve and keep available, solely for issuance and delivery
upon the exercise of this Warrant, such number of Warrant Shares and other stock, securities and property, as from time to time shall be issuable upon the exercise of this Warrant. 
  

 7 

 9. Exchange of Warrants. Upon the surrender by the Registered Holder of any Warrant or Warrants,
properly endorsed, to the Company at the principal office of the Company, the Company will, subject to the provisions of Section 4 hereof, issue and deliver to or upon the order of such Holder, at the Company’s expense, a new Warrant or
Warrants of like tenor, in the name of such Registered Holder or as such Registered Holder (upon payment by such Registered Holder of any applicable transfer taxes) may direct, calling in the aggregate on the face or faces thereof for the number of
shares of Common Stock called for on the face or faces of the Warrant or Warrants so surrendered. 
  
 10. Replacement of Warrants. Upon receipt of evidence reasonably satisfactory to the Company of the loss, theft, destruction or mutilation of this
Warrant and (in the case of loss, theft or destruction) upon delivery of an indemnity agreement (with surety if reasonably required) in an amount reasonably satisfactory to the Company, or (in the case of mutilation) upon surrender and cancellation
of this Warrant, the Company will issue, in lieu thereof, a new Warrant of like tenor. 
  
 11. Transfers, etc. 
  
 (a) The Company will maintain a register containing the names and addresses of the Registered Holders of this Warrant. Any Registered Holder may change its or his address as shown on the warrant register by written notice to the Company
requesting such change. 
  
 (b) Subject to the provisions of
Section 4 hereof, this Warrant and all rights hereunder are transferable, in whole or in part, upon surrender of this Warrant with a properly executed assignment (in the form of Exhibit II hereto) at the principal office of the Company.

  
 (c) Until any transfer of this Warrant is made in the warrant
register, the Company may treat the Registered Holder of this Warrant as the absolute owner hereof for all purposes; provided, however, that if and when this Warrant is properly assigned in blank, the Company may (but shall not be
obligated to) treat the bearer hereof as the absolute owner hereof for all purposes, notwithstanding any notice to the contrary. 
  
 12. Right of First Refusal Agreement. It shall be a condition to any issuance by the Company of any shares to the Registered Holder that the
Registered Holder executes and delivers to the Company a Right of First Refusal Agreement, which Agreement shall contain the provisions set forth in Section 5 of that certain Stock Purchase Agreement dated as of June 13, 1991, as amended, by and
among the parties named therein, which provisions are incorporated by this reference. 
  

 8 

 13. Grant or Registration Rights. Simultaneously with the execution of this Warrant by the
Company, the Company and the Registered Holder shall execute a Consent to be Bound by the Amended Registration Rights Agreement substantially in the form attached hereto as Exhibit III whereby the Holder shall become a party to that certain
Amended Registration Rights Agreement, dated as of May 15, 1993, between the Company and certain holders of its securities (the “Amended Registration Rights Agreement”) substantially in the form attached hereto as Exhibit IV.
Pursuant to the terms of the Amended Registration Rights Agreement, the Holder shall be deemed an “Investor” and a “Venture Investor,” as such terms are defined in the Amended Registration Rights Agreement, and the Common Stock
of the Company issued upon exercise of this Warrant shall be deemed to be “Conversion Shares” for the purposes of the Amended Registration Rights Agreement. 
  
 14. Mailing of Notices, etc. All notices and other communications from the Company to the Registered Holder of this
Warrant shall be mailed by first-class certified or registered mail, postage prepaid, to the address furnished to the Company in writing by the last Registered Holder of this Warrant who shall have furnished an address to the Company in writing. All
notices and other communications from the Registered Holder of this Warrant or in connection herewith to the Company shall be mailed by first-class certified or registered mail, postage prepaid, to the Company at its principal office set forth
below. If the Company should at any time change the location of its principal office to a place other than as set forth below, it shall give prompt written notice to the Registered Holder of this Warrant and thereafter all references in this Warrant
to the location of its principal office at the particular time shall be as so specified in such notice. 
  
 15. No Rights as Stockholder. Until the exercise of this Warrant, the Registered Holder of this Warrant shall not have or exercise any rights by
virtue hereof as a stockholder of the Company. 
  
 16. Change
or Waiver. Any term of this Warrant may be changed or waived only by an instrument in writing signed by the party against which enforcement of the change or waiver is sought. 
  
 17. Headings. The headings in this Warrant are for purposes of reference only and shall not limit or otherwise affect
the meaning of any provision of this Warrant. 
  
 18. Governing
Law. This Warrant will be governed by and construed in accordance with the laws of the State of New York. 
  

 9 

	 TESSERA, INC.

		
	 By:
	 	 [ILLEGIBLE]

	 Title:
	 	 [ILLEGIBLE]

		
	 Address:
	 	 3099 Orchard Drive

	 	 	 San Jose, California 95134

	 Tel. No:
	 	 (408) 894-0700

	 Fax No:
	 	 (408) 894-0768

  
 Date: 10/27/1993 

 EXHIBIT I 
  

PURCHASE FORM 
  

	 To:
                     
	 Dated:                     

  
 The undersigned, pursuant to the provisions
set forth in the attached Warrant (No.         ), hereby irrevocably elects to purchase              shares of the Common Stock covered
by such Warrant. The undersigned herewith makes payment of $                    , representing the full purchase price for such shares at the
price per share provided for in such Warrant. Such payment takes the form of (check applicable box or boxes): 
  

	 ̈	 	$             in lawful money of the United States; and/or 

  

	 ̈	 	The cancellation of such portion of the attached Warrant as is exercisable for a total of              Warrant
Shares (using a Fair Market Value of $             per share for purposes of this calculation). 

  

	 Signature:
	 	  

	 Address:
	 	  

	 	 	  

  

 11 

 EXHIBIT II 
  

ASSIGNMENT FORM 
  
 FOR VALUE RECEIVED,
                                        
                                        
                                 hereby sells, assigns and transfers all of the rights
of the undersigned under the attached Warrant (No.             ) with respect to the number of shares of Common Stock covered thereby set forth below, unto: 
  

	 Name of Assignee

	 	 Address

	 	 No. of Shares

  

		
	 Dated:
	 	  

	 Signature:
	 	  

		
	 Dated:
	 	  

	 Witness:
	 	  

  

 12 

 EXHIBIT III 
  

Consent to be Bound by the 
 Amended
Registration Rights Agreement 
  
 (See Tab #3) 
  

 13 

 EXHIBIT IV 
  

Amended Registration Rights Agreement 
  
 (See Tab 1, Exhibit D) 
  

 14 

 
be deemed effective upon the earlier of (i) receipt or (ii) the third day after mailing in accordance with the terms of this Section 13. 
  
 14. Binding Effect on Successors. This Warrant shall be binding upon
any corporation succeeding the Company by merger, consolidation or acquisition of all or substantially all of the Company’s assets, and all of the obligations of the Company relating to the Preferred Stock issuable upon the exercise of this
Warrant shall survive the exercise and termination of this Warrant and all of the covenants and agreements of the Company shall inure to the benefit of the successors and assigns of the Holder. The Company will, at the time of the exercise of this
Warrant, in whole or in part, upon request of the Holder but at the Company’s expense, acknowledge in writing its continuing obligation to the Holder in respect of any rights (including, without limitation, any right to registration of the
Shares pursuant to Section 9 above) to which the Holder shall continue to be entitled after such exercise in accordance with this Warrant; provided that the failure of the Holder to make any such request shall not affect the continuing obligation of
the Company to the Holder in respect of such rights. 
  
 15.
Remedies. The Company stipulates that the remedies at, law of the Holder in the event of any default or threatened default by the Company in the performance of or compliance with any of the terms of this Warrant are not and will not be
adequate to the fullest extent permitted by law, and that such terms may be specifically enforced by a decree for the specific performance of any agreement contained herein or by an injunction against a violation of any of the terms hereof.

  
 16. Enforcement Costs. If any party to, or permitted
Holder of, this Warrant seeks to enforce its rights hereunder by legal proceedings, then the non-prevailing party shall pay all reasonable costs and expenses incurred by the prevailing party, including, without limitation, all reasonable
attorneys’ fees (including the allocable costs of in-house counsel). 
  
 17. Lost Warrants or Stock Certificates. The Company covenants to the Holder that upon receipt of evidence reasonably satisfactory to the Company of the loss, theft, destruction, or mutilation of this Warrant
or any stock certificate and, in the case of any such loss, theft or destruction, upon receipt of an indemnity reasonably satisfactory to the Company, or in the case of any such mutilation upon surrender and cancellation of such Warrant or stock
certificate, the Company will make and deliver a new Warrant or stock certificate, or like tenor, in lieu of the lost, stolen, destroyed or mutilated Warrant or stock certificate. 
  
 18. Certain Expenses. Except as otherwise specifically provided herein, the Company shall pay all expenses in
connection with, and all taxes (other than stock transfer taxes and taxes on or measured by the income of the Holder) and other governmental charges that may be imposed in respect of, the issuance, sale and delivery of this Warrant, the shares of
Preferred Stock issuable upon exercise hereof and the shares of Common Stock issuable upon conversion of the Preferred Shares. 
  
 19. Counterparts. This Warrant may be signed in counterparts, both of which when taken together shall be deemed to constitute the same instrument.

  

 15 

 20. Governing Law. THIS WARRANT SHALL BE CONSTRUED AND ENFORCED IN ACCORDANCE WITH, AND THE RIGHTS
OF THE PARTIES SHALL BE GOVERNED BY THE LAWS OF THE STATE OF CALIFORNIA. 
  

	TESSERA, INC.
		
	 By:
	 	 /s/    JOHN SMITH

	 Title:
	 	 President

	 Address:
	 	 3099 Orchard Drive
 San Jose, CA 95134

  

	 LINC CAPITAL, INC.

		
	 By:
	 	

	 Title:
	 	 Senior V.P.

	 Address:
	 	 303 E. Wacker Dr., Suite 1000
 Chicago, Illinois 60601

  

 16 

 EXHIBIT A 
  

Notice of Exercise 
  
 To: 
  
 1. The undersigned hereby elects to purchase shares of the Series C 10% Cumulative Convertible Preferred Stock of Tessera, Inc. pursuant to the terms of the attached Warrant, and tenders herewith payment of the
purchase price of such shares in full. 
  
 2. In connection
therewith, the undersigned hereby reaffirms the representations made by it in Section 7(d) of the attached Warrant. 
  
 3. Please issue a certificate or certificates representing said shares in the name of the undersigned or in such other name or names as are specified
below: 
  

	 (Name)

	
	 (Address)

	
	

	 (Signature)

  

	
	

	 (Date)

 EXHIBIT A-1 
  
 Notice of Exercise 
  
 To: 
  
 1 . Contingent upon and effective immediately prior to the closing (the “Closing”) of the Company’s public offering contemplated by the Registration Statement of Form
S-             filed                         ,
            , the undersigned hereby elects to purchase              shares of the Series C 10% Cumulative
Convertible Preferred Stock of the Company (or such lesser number of shares as may be sold on behalf of the undersigned at the Closing) pursuant to the terms of the attached Warrant. 
  
 2. In connection therewith, the undersigned hereby reaffirms the representations made by it in Section 7(d) of the attached
Warrant. 
  
 3. Please deliver to the custodian for the selling
stockholders a stock certificate representing such              shares. 
  
 4. The undersigned has instructed the custodian for the selling stockholders to deliver to the Company
$             or, if less, the net proceeds due the undersigned from the sale of shares in the aforesaid public offering. If such net proceeds are less than the purchase price for
such shares, the undersigned agrees to deliver the difference to the Company prior to the Closing. 
  

	
	

	 (Signature)

	
	

	 Date

 Exhibit B 
  

Piggy-Back Registration Rights 

 EXHIBIT B 
  

PIGGY-BACK REGISTRATION RIGHTS GRANTED TO HOLDER 
  
 Capitalized terms used herein and not otherwise defined shall have the meanings ascribed to them in the Warrant. Holder shall have piggy-back registration rights as
follows: 
  
 1. Piggyback Registrations. 
  
 (a) Other Piggyback Rights. Holder acknowledges that the Company has
granted piggy-back registration rights pursuant to a Registration Rights Agreement as amended and restated May 15, 1993 and as further amended by various consents to be Bound, with the last such Consent to be Bound dated as of June 19, 1996 , a
Registration Rights Agreement dated as of December 27, 1996 as amended to date, as well and pursuant to equipment leases and other arrangements (collectively, the “Other Registration Rights”). Holder acknowledges that the Company may grant
additional piggy-back registration rights after the date hereof, and any such rights shall be included in the definition of Other Registration Rights. 
  
 (b) Right to Piggyback. On each occasion, if any, following the date hereof that the Company contemplates filing with Securities and Exchange
Commission (the “Commission”) a registration statement under the Act relating to the primary sale by the Company of shares of Common Stock other than (a “Piggyback Registration”) (i) a registration relating solely to employee
benefit plans; or (ii) a registration relating solely to a Rule 145 transaction, the Company shall notify the Holder in writing of its intention to do so at least thirty (30) days prior to the filing of each such registration statement. Subject to
Section 1(e) and Section 1(f) below, the Company shall include in such registration all Registrable Securities with respect to which the Company has received written requests, within fifteen (15) days of receipt of such notice from the Company, for
inclusion. 
  
 (c) “Registrable Securities” means
(i) any Common Stock issued upon conversion of the Preferred Stock issued upon exercise of the Warrant, and (ii) any Common Stock issued or issuable with respect to the securities referred to in clause (i) above by way of a stock dividend or stock
split or in connection with a combination of shares, recapitalization, merger, consolidation or other reorganization. As to any particular Registrable Securities, such securities shall cease to be Registrable when they have been distributed to the
public pursuant to a offering registered under the Act or sold to the public through a broker, dealer or market maker in compliance with Rule 144 under the Act (or a similar rule then in force). Holder shall be entitled to notice of a Piggyback
Registration even if Holder does not own Registrable Securities if Holder has the right to acquire (x) Registrable Securities upon conversion of the Preferred Stock, (y) Preferred Stock upon exercise of the Warrant. 
  
 (d) Piggyback Expenses. All Registration Expenses (as such term is
defined in Section 3 hereof) shall be paid by the Company in all Piggyback Registrations. 
  
 (e) Priority on Registrations. If the managing underwriters advise the Company that marketing factors require a limitation of the number of shares to be underwritten in any underwritten registration, all
securities that the Company proposes to sell shall be included in such registration 

 
prior to the inclusion of any other shares. Thereafter, the number of shares to be underwritten shall be allocated among the Holder and the holders of Other
Registration Rights pro rata on the basis of the number of shares owned by each. 
  
 (f) Requirements in an Underwritten Registration. If the registration of which the Company gives notice is for a registered public offering involving an underwriting, the company shall so advise the Holder as a
part of the written notice given pursuant to Section 1 (b). In such event, the right of Holder to registration pursuant to the terms of this Exhibit B shall be conditioned upon Holder’s participation in such underwriting and the
inclusion of Registrable Securities in the underwriting to the extent provided herein. 
  
 2. Registration Procedures. Whenever required to effect the registration of any Registrable Securities, the Company shall, as soon as practicable: 
  
 (a) Prepare and file with the Commission a registration statement with respect to such Registrable Securities and use its
commercially reasonable efforts to cause such registration statement to become effective, and upon the request of the holders of a majority of the shares registered thereunder, keep such registration statement effective for a period of up to one
hundred eighty (180) days or until the distribution contemplated in the registration statement has been completed. 
  
 (b) Prepare and file with the Commission such amendments and supplements to such registration statement and the prospectus used in connection with such
registration statement as may be necessary to comply with the provisions of the Act with respect to the disposition of all securities covered by such registration statement. 
  
 (c) Use its commercially reasonable efforts to register and qualify the securities covered by such registration statement
under such other securities or blue sky laws of such jurisdictions as shall be reasonably requested by the Holder, provided that the Company shall not be required in connection therewith or as a condition thereto to file a general consent to service
of process in any such states or jurisdictions. 
  
 (d) Notify
each holder of Registrable Securities covered by such registration statement at any time when a prospectus relating thereto is required to be delivered under the Act of the happening of any event as a result of which the prospectus included in such
registration statement, as then in effect, includes an untrue statement of a material fact or omits to state a material fact or omits to state a material fact required to be stated therein or necessary to make the statements therein not misleading
in the light of the circumstances then existing. 
  
 (e) Furnish
to the holders or Registrable Securities participating in such registration and, if applicable, to the underwriters of the securities being registered, such reasonable number of copies of the registration statement, preliminary prospectus, final
prospectus, and such other documents as such underwriters may reasonably request in order to facilitate the public offering of such securities. 
  
 (f) Enter into and perform its obligations under an underwriting agreement, in usual and customary form, with the managing underwriter of such offering.

  

 2 

 3. Registration Expenses. All expenses incurred by the Company in complying with any Piggyback Registration,
including without limitation fees and disbursements of counsel for the Company, all registration, qualification and filing fees, printing expenses, escrow fees, blue sky fees and expenses, and the expense of any special audits incident to or
required by any such registration shall be paid by the Company. In addition, the Company shall pay fees and disbursements (not exceeding $2,500) of one counsel for the Holder 
  
 4. Indemnification. 
  
 (a) Indemnification by the Company. To the extent permitted by law, the Company will indemnify Holder and its officers and directors and partners,
and each person controlling Holder within the meaning of Section 15 of the Act, with respect to which registration, qualification or compliance has been effected pursuant hereto, and each underwriter, if any, and each person who controls any
underwriter within the meaning of Section 15 of the Act, against all expenses, claims, losses, damages or liabilities (or actions in respect thereof), including any of the foregoing incurred in settlement of any litigation, commenced or threatened,
arising out of or based on any untrue statement (or alleged untrue statement) of a material fact contained in any registration statement, prospectus, offering circular or other document, or any amendment or supplement thereto, incident to any such
registration, qualification or compliance, or based on any omission (or alleged omission) to state therein a material fact required to be stated therein or necessary to make the statements therein, in light of the circumstances in which they were
made, not misleading, or any violation (or alleged violation) by the Company of the Act or any rule or regulation promulgated under the Act applicable to the Company in connection with any such registration, qualification or compliance, and the
Company will reimburse or pay for the account of Holder and its officers and directors, and each person controlling Holder, each such underwriter and each person who controls any such underwriter, for any legal and any other expenses reasonably
incurred (as and when incurred) in connection with investigating, preparing or defending any such claim, loss, damage, liability or action; provided, however, that the Company will not be liable in any such case to the extent that any
such claim, loss, damage, liability or expense arises out of or is based on any untrue statement or omission or alleged untrue statement or omission, made in reliance upon and in conformity with written information furnished to the Company by an
instrument duly executed by Holder or its controlling person or underwriter and stated to be specifically for use therein. 
  
 (b) Indemnification by Holder. To the extent permitted by law, Holder will, if Registrable Securities held by Holder are included in the securities
as to which such registration, qualification or compliance is being effected, indemnify the Company, each of its directors and officers, each underwriter, if any, of the Company’s securities covered by such a registration statement, each person
who controls the Company or such underwriter within the meaning of Section 15 of the Act, and each other holder of securities included therein and each of its officers and directors and each person controlling such holder within the meaning of
Section 15 of the Act, against all claims, losses, damages and liabilities (or actions in respect thereof) arising out of or based on any untrue statement (or alleged untrue statement) of a material fact contained in any such registration statement,
prospectus, offering circular or other document, or any omission (or alleged omission) to state therein a material fact required to be stated therein or necessary to make the statements therein not misleading, and will reimburse or pay for the
account of the Company, such holders, such directors, officers, persons, underwriters or control persons for any legal or any other 

  

 3 

 
expenses reasonably incurred (as and when incurred) in connection with investigating or defending any such claim, loss, damage, liability or action, in each
case to the extent, but only to the extent, that such untrue statement (or alleged untrue statement) or omission (or alleged omission) is made in such registration statement, prospectus, offering circular or other document in reliance upon and in
conformity with written information furnished to the Company by an instrument duly executed by Holder and stated to be specifically for use therein; provided, however, that the liability of Holder for indemnification shall not exceed
the net proceeds from the offering received by Holder, unless such liability arises out of or is based on willful misconduct of Holder. 
  
 (c) Required Notices. Each party entitled to indemnification hereunder (the “Indemnified Party”) shall give notice to the party required
to provide indemnification (the “Indemnifying Party”) promptly after such Indemnified Party has actual knowledge of any claim as to which indemnity may be sought and shall permit the Indemnifying Party to assume the defense of any such
claim or any litigation resulting therefrom; provided, further, however, that counsel for the Indemnifying Party, who shall conduct the defense of such claim or litigation, shall be approved by the Indemnified Party (which
approval shall not unreasonably be withheld), and the Indemnified Party may participate in such defense at such party’s expense; provided, however, that an Indemnified Party shall have the right to retain its own counsel, with the
fees and expenses to be paid by the Indemnifying Party, if representation of such Indemnified Party by the counsel retained by the Indemnifying Party would be inappropriate due to actual or potential differing interests between such Indemnified
Party and any other party represented by such counsel in such proceeding. The failure of any Indemnified Party to give notice as provided herein shall not relieve the Indemnifying Party of its obligations hereunder except to the extent that the
failure to give such notice is materially prejudicial to an Indemnifying Party’s ability to defend such action. No Indemnifying Party, in the defense of any such claim or litigation, shall, except with the consent of each Indemnified Party,
consent to entry of any judgment or enter into any settlement that does not include as an unconditional term thereof the giving by the claimant or plaintiff to such Indemnified Party of a release from all liability in respect to such claim or
litigation. No Indemnifying Party shall be liable for indemnification hereunder with respect to any settlement or consent to judgment in connection with any claim or litigation to which these indemnification provisions apply, that has been entered
into without the prior consent of the Indemnifying Party (which consent will not be unreasonably withheld). 
  
 (d) Contribution. If the indemnification provided for herein is held by a court of competent jurisdiction to be unavailable to an Indemnified Party
with respect to any losses, claims, damages or liabilities referred to herein, the Indemnifying Party, in lieu of indemnifying such Indemnified Party hereunder, shall to the extent permitted by applicable law, contribute to the amount paid or
payable by such Indemnified Party as a result of such loss, claim, damage or liability in such proportion as is appropriate to reflect the relative fault of the Indemnifying Party on the one hand and of the Indemnified Party on the other in
connection with the untrue statement (or alleged untrue statement) or omission (or alleged omission) that resulted in such loss, claim, damage or liability, as well as any other relevant equitable considerations. The relative fault of the
Indemnifying Party and of the Indemnified Party shall be determined by a court of law by reference to, among other things, whether the untrue or alleged untrue statement of a material fact or the omission to state a material fact relates to
information supplied by the Indemnifying Party or by the Indemnified Party and the parties’ relative intent, knowledge, access to information and opportunity 
  

 4 

 
to correct or prevent such statement or omission; provided, that in no event shall any contribution by Holder hereunder exceed the net proceeds from the
offering received by Holder. 
  
 (e) Survival. The
obligations of the Company and Holder hereunder shall survive the completion of any offering of Registrable Securities in a registration statement pursuant hereto. 
  

 5

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