Document:

Amendment No. 1 to the Amended and Restated Fujitsu Distribution Agreement

 Exhibit 10.8 
 AMENDMENT NO. 1 
 TO THE 
 AMENDED AND RESTATED 
 FUJITSU DISTRIBUTION AGREEMENT 
 DATED DECEMBER 21, 2005 
 THIS AMENDMENT
NO. 1 (this “Amendment”) to the Amended and Restated Fujitsu Distribution Agreement dated December 21, 2005 (the “Agreement”), by and between Spansion Inc., a Delaware corporation (“Spansion”) and Fujitsu
Limited, a Japanese corporation (“Fujitsu”), is entered into as of December, 2007 and effective as of October 1, 2007 (the “Amendment Date”). 
 Whereas, Spansion and Fujitsu wish to further amend the Agreement, it is agreed that the Agreement shall be modified as follows: 
  

	 	1.	Section 1.1 Terms defined in this Agreement is amended by deleting subsections 1.1.3, 1.1.25, 1.1.43, 1.1.44, 1.1.45 and 1.1.46 and adding the following new subsections:

 1.1.66 “FEI Account” means a Customer listed on Schedule 1.1.66 to Amendment No. 1 to this Agreement,
including its Affiliates located in Fujitsu Territory and any successor Entity or Person of any of the foregoing. 
 1.1.67 “JMA
Account” means a Customer (including its Affiliates) listed on Schedule 1.1.67 to Amendment No. 1 to this Agreement. In addition, “JMA Account” shall include any Entity or person that Fujitsu can demonstrate to Spansion meets
at least one of the following criteria: 
 1. Entities or persons doing business anywhere in the world, the ownership interest of which is
held thirty percent (30%) or more by one or more Entity or Person headquartered in Fujitsu Territory. 
 2. Entities or persons doing
business anywhere in the world, the largest ownership interest of which is owned by one or more Entity or Person headquartered in Fujitsu Territory; provided that the aggregate ownership interest of such Entity or Person headquartered in
Fujitsu Territory is equal to or greater than twenty percent (20%). 
 In case that such Entity or Person which owns the above-mentioned
ownership interest of a JMA Account is a FEI Account, such JMA Account is specifically referred to as “FEI JMA Account”. 
 1.1.68
“OEM Account” means an Entity or Person that purchases or otherwise acquires Products to manufacture any product which (i) is designed by or for, or whose design is adapted by, any FEI Account or any JMA Account and
(ii) incorporates Product, irrespective of branding or distributor of such product. OEM Accounts include (without limitation) the Customers listed on Schedule 1.1.68 to Amendment No. 1 to this Agreement. 
  

	 	2.	Section 2.1.1 Grant of Rights is amended to read in its entirety as follows: 

 Subject to the terms and conditions of this Agreement, Spansion grants to Fujitsu the right to market, sell and otherwise distribute Products during the Term (a) in the Fujitsu Territory and in the Joint 

 
Territory, and (b) to Fujitsu Affiliates, Fujitsu Accounts, FEI Accounts, JMA Accounts, Global Accounts and OEM Accounts wherever located. Such granted
rights shall allow Fujitsu to maintain its marketing, sales, support and other relationships (directly or indirectly through Fujitsu Channel Partners) with FEI Accounts and FEI JMA Accounts with respect to Products as such relationships existed
prior to the Amendment Date and to market, sell and otherwise distribute Products to FEI Accounts and FEI JMA Accounts without any change to such relationships on or after the Amendment Date. Spansion acknowledges and agrees, in planning and
conducting its marketing, sales and distribution of Products, to respect such relationships between FEI Accounts and FEI JMA Accounts and not to interfere, or permit or cause any other Entity or person to interfere, with such relationships. For the
avoidance of doubt, the term “interfere” will be deemed to exclude responses by Spansion itself or other Spansion distributors to requests by FEI Accounts or FEI JMA Accounts without solicitation by Spansion or such other distributors to
purchase Products from Spansion or such other distributors. No other grant of distribution rights to Fujitsu is implied by this Agreement. For the avoidance of doubt, Fujitsu’s rights granted hereunder exclude, among other things, the right to
market, sell and otherwise distribute Products (a) in the Spansion Territory (except with respect to Fujitsu Affiliates, Fujitsu Accounts, FEI Accounts, JMA Accounts, OEM Accounts and certain Global Accounts identified in Schedule 2.1),
(b) to Spansion Accounts and Spansion PRC Customers, or (c) any grant of a right of exclusivity to any territory or account; provided that, if Spansion, or any of its Affiliates or distributors sells any Product with respect to which
Fujitsu or any of its Affiliates (directly or indirectly through Channel Partners) has contributed any design or related works or activities and Fujitsu can demonstrate to Spansion such contribution, Spansion agrees to pay a commission fee
commensurate with the Fujitsu contribution for each such Product sold as separately agreed between Fujitsu and Spansion. 
  

	 	3.	Section 2.2 Sales and Appointment of Other Distributors by Spansion is amended to read in its entirety as follows: 

 Beginning on April 1, 2008, Spansion may choose to use any current Fujitsu Channel Partner in Japan as a Spansion distribution partner. To facilitate the use of
current Fujitsu Channel Partners in Japan by Spansion beginning April 1, 2008, Fujitsu acknowledges that Spansion may begin discussions with current Fujitsu Channel Partners in Japan immediately following the Amendment Date and that Spansion
may sign a distribution agreement with any such current Fujitsu Channel Partner in Japan so long as the effective date is April 1, 2008 or later. Outside of Japan there is no restriction on Spansion signing a distribution agreement with any
current Fujitsu Channel Partner immediately following the Amendment Date. Spansion and Fujitsu will discuss and agree in good faith on the details of the schedule and method of transitions of Fujitsu Channel Partners to Spansion distribution
partners and cooperate with each other to perform in accordance with such agreed schedule and method for such transitions. Upon transition of any Fujitsu Channel Partner to a Spansion distribution partner in accordance with this Section,
(i) Fujitsu will be released from its obligations imposed under this Agreement with respect to such Fujitsu Channel Partner, including, without limitation, obligations of Channel Management under Section 5.3 and (ii) Fujitsu’s
rights under Section 2.1.1 shall terminate in regards to any account, including FEI Accounts, OEM Accounts, Fujitsu Account, JMA Accounts and Global Accounts, which has been previously supported by the Fujitsu Channel Partner(s) transitioned to
Spansion only in case that such account has agreed not to purchase Products from Fujitsu, its Affiliates or other Fujitsu Channel Partners than those so transitioned. Notwithstanding the foregoing, if such account supported by Fujitsu Channel
Partner(s) so transitioned has any Affiliate(s), department(s), division(s), group(s) or other business unit(s) (collectively “Customer Unit”) then currently not supported by such Fujitsu Channel Partner(s) transitioned, the subsection
(ii) above shall not apply to such Customer Unit. 

	 	4.	A new Section 2.3.5 Restructuring of FDI shall be added to the Agreement as follows: 

 2.3.5 Restructuring of FDI. Spansion understands that Fujitsu intends to transfer its semiconductor sales group to FDI (or another Fujitsu Subsidiary) on
or after October 1, 2007. FDI (or such other Fujitsu Subsidiary) will thereupon change its name to Fujitsu Electronics, Inc. or another name designated by Fujitsu (“FEI”). From and after the effective date of the foregoing transfer
(the “Transfer Date”), FEI shall have the same rights to purchase, market, sell and otherwise distribute Products under this Agreement as held by Fujitsu as of the Transfer Date, subject to all applicable terms and conditions of this
Agreement. From and after the Transfer Date, all references in this Agreement to FDI shall be deemed to be references to FEI. 
  

	 	5.	Section 4.1 Forecasts is amended to read: 

 Fujitsu working
together with Spansion shall, on or before the end of the last week of the first month of each Quarter, provide Spansion with a non-binding forecast (a Forecast”) setting forth Fujitsu’s projected Product needs for each of the
five (5) Quarters following such Quarter (“Forecasted Product Requirements”). Each Forecast will be organized by Spansion on a Technology-by-Technology basis, and will contain a forecast for each Product within a particular
Technology. Spansion shall use all commercially reasonable efforts to increase or reduce, as applicable, Production Volume to reflect Fujitsu’s Forecasted Product Requirements. Spansion shall in any event be able to adjust Production Volume in
order to take into account its assessment of current market conditions. 
  

	 	6.	Section 4.2 Short Supply Guaranteed Allocation is deleted in its entirety. 

  

	 	7.	Section 4.3 Spansion Adjustment to Production Volume is deleted in its entirety. 

  

	 	8.	Section 6.1 License is amended to read in its entirety as follows: 

 Subject to the terms and conditions of this Agreement, Spansion hereby grants to Fujitsu a non-exclusive, royalty-free, fully paid up license (including the right to grant sublicenses), during the Term, to use and display the Trademarks in
the Fujitsu Territory and Joint Territory, and anywhere else in the world in connection with Fujitsu Accounts, FEI Accounts, JMA Accounts, Global Accounts and OEM Accounts, in all cases solely in connection with the marketing, promoting,
advertising, sale and distribution of Products as expressly permitted herein, and in connection with Fujitsu’s obligations set forth in Section 5, 9 and 11. Fujitsu shall not have the right to use the Trademarks to form combination marks
with other trademarks, service marks, trade names, designs and logos. 
  

	 	9.	Section 6.5 Documentation is amended to read in its entirety as follows: 

 Subject to the terms and conditions of this Agreement, Spansion grants to Fujitsu a non-exclusive, royalty-free, fully paid up license (including the right to grant sublicenses), during the Term, to use, display,
translate, modify to make consistent with in its own documentation, copy and otherwise reproduce and distribute (either on its own, or in conjunction with, or as incorporated in Fujitsu product documentation) the Documentation in the Fujitsu
Territory and Joint Territory, and anywhere in the world in connection with Fujitsu Accounts, FEI Accounts, JMA Accounts, Global Accounts and OEM 

 
Accounts, solely in connection with the marketing, promoting, advertising, sale and distribution of Products as expressly permitted herein, and in connection
with Fujitsu’s obligations set forth in Section 5, 9 and 11. Notwithstanding the foregoing, Fujitsu may not modify the Documentation in a manner that misrepresents the Products. 
  

	 	10.	The first sentence of Section 12.3 Purchase Price of Spansion Content Only Products is amended to read in its entirety as follows: 

 The Purchase Price for each SCO Product shall be equal to ninety-five and seven-tenths percent (95.7%) of RSP at the time the order was booked, other than the
specific SCO Products which (as separately confirmed among Spansion, Fujitsu and FEI on each customer code and parts number basis) FEI has purchased as a Customer through Fujitsu or directly under this Agreement before or after the Amendment Date
for incorporation into FEI’s “NVPROM” products to be provided directly or indirectly to its customers, and the Purchase Price for which shall be equal to one hundred percent (100%) of RSP at the time the order was booked.

  

	 	11.	Section 12.3.3 is deleted in its entirety and replaced with the following: 

 The rights granted by Spansion to Fujitsu pursuant to Section 2.1.1 and the Purchase Price of certain SCO Products specified in Section 12.3, as modified by Amendment No.1 to this Agreement, are based on Spansion’s and
Fujitsu’s intent to reduce the total cost for sales of Products by Fujitsu and its Affiliates (“Total Cost”) after the Amendment Date. The general intention goal of the Parties as of the Amendment Date is to reduce the Total Cost
during each six month period of this Agreement beginning with the fourth quarter of 2007 by 80% of the Total Cost during the six months period of the fourth quarter of 2006 through the first quarter of 2007 (i.e. the Total Cost during any such six
month period is expected to be reduced to a level of approximately 3.2% of the amount of the sales by Fujitsu and its Affiliates of Products during the six month period of the fourth quarter of 2006 through the first quarter of 2007). The Parties
will meet at the beginning of each quarter to discuss how the goal will be met for the six month period beginning with that quarter. 
  

	 	12.	The main body of Section 14.3 Actions is amended to read: 

 In
the event that Spansion delivers a written notice to Fujitsu pursuant to Section 14 proposing remedial measures, Spansion may sell on its own or grant the right to another distributor to market, sell and distribute to such Customer in the
specific geographical territory(ies) in which such Customer is being underserved, provided that the Spansion Board has approved such measures in accordance with Section 14.2.4 and subject to Fujitsu’s right to arbitrate pursuant to
Section 14.2.5 and the resolution of any such arbitration. 
  

	 	13.	Section 20.1 Term is amended to read: 

 This Agreement will be
effective as of the Effective Date, and will continue in full force and effect until September 30, 2008 (the “Initial Term”), unless terminated as set forth in this Section 20 (“Term”), provided that Spansion and
FEI shall meet beginning immediately, but in no event not later than January 2008, to discuss and negotiate in good faith a new, successive distribution agreement between Spansion and FEI (“New Agreement”) with a goal of completing a new
distribution agreement on or before September 30, 2008. The New Agreement shall contain warranty and indemnification terms not less favorable to FEI than those provided herein and general business terms reasonably acceptable to both Parties.
The New Agreement shall also allow FEI to maintain its marketing, sales, support and other 

 
relationships (directly or indirectly) with FEI Accounts and FEI JMA Accounts with respect to Products and to market, sell and otherwise distribute Products
to FEI Accounts and FEI JMA Accounts without any change to such relationships, in each case as Fujitsu has been allowed to engage in such activities as set forth in Section 2.1.1, unless Spansion can demonstrate that Fujitsu’s marketing or
sales performance to such FEI Accounts or FEI JMA Accounts is evidently unsatisfactory to such FEI Accounts or FEI JMA Accounts. It is understood and agreed that, notwithstanding (i) the reorganization of Spansion LLC into a corporate
structure, and (ii) the form of that reorganization, Spansion shall be responsible for all obligations and liabilities of Spansion LLC accruing under this Agreement commencing as of the Effective Date, to the same extent as if Spansion were the
original party hereto instead of Spansion LLC. 
  

	 	14.	Section 20.4 Termination for Reduction in Ownership is deleted in its entirety. 

  

	 	15.	Section 21.7 Notices and Other Communications is amended to reflect the correct address of Spansion: 

 Spansion Inc. 
 915 DeGuigne Drive, MS 176

 PO Box 3453 
 Sunnyvale, CA
94088 
 Attention: General Counsel 
 Telephone: 408-962-2500 
 Fax: 408-616-6659 
  

	 	16.	Schedule 1.1.25 Fujitsu PRC Customers is deleted in its entirety. 

 All terms and conditions of the Agreement not specifically modified by this Amendment shall remain unchanged and in full force and effect. 
  

									
	Spansion Inc.	 		 	Fujitsu Limited
					
	By:	 	 /s/ Jeff Davis
	 		 	By:	 	 /s/ Koichi Ishizaka

	Name:	 	Jeff Davis	 		 	Name:	 	Koichi Ishizaka
	Title:	 	Executive Vice President	 		 	Title:	 	 Group Executive Vice President,
 Electronic Devices
Business Unit

					
	Date:	 	December 28, 2007	 		 	Date:Form of Spansion Inc. Change of Control Severance Agreement

 Exhibit 10.27(a) 
 SPANSION INC. 
 CHANGE OF CONTROL SEVERANCE AGREEMENT 
 This Change of Control Severance Agreement (the “Agreement”) is made and entered into by and between
                     (the “Executive”) and Spansion Inc. (the “Company”), effective as of the latest date set forth by the
signatures of the parties hereto below (the “Effective Date”). For purposes of the employment relationship only, the “Company” includes Spansion LLC. 
 RECITALS 
 A. It is expected that the Company from time to time will consider the possibility of an
acquisition by another company or other change of control. The Board of Directors of the Company (the “Board”) recognizes that such consideration can be a distraction to the Executive and can cause the Executive to consider alternative
employment opportunities. The Board has determined that it is in the best interests of the Company and its securityholders to assure that the Company will have the continued dedication and objectivity of the Executive, notwithstanding the
possibility, threat or occurrence of a Change of Control (as defined below) of the Company. 
 B. The Board believes that it is in the best
interests of the Company and its securityholders to provide the Executive with an incentive to continue the Executive’s employment and to motivate the Executive to maximize the value of the Company upon a Change of Control for the benefit of
its securityholders. 
 C. The Board believes that it is imperative to provide the Executive with severance benefits upon the
Executive’s termination of employment following a Change of Control that provides the Executive with enhanced financial security and provides incentive and encouragement to the Executive to remain with the Company notwithstanding the
possibility of a Change of Control. 
 D. Certain capitalized terms used in the Agreement are defined in Section 4 below. 
 The parties hereto agree as follows: 
 1.
Term of Agreement. This Agreement shall terminate upon the date that all obligations of the parties hereto with respect to this Agreement have been satisfied or upon cancellation with written notice by either of the parties setting forth the
effective date of such cancellation; provided, however, that the effective date of such cancellation shall in no event be earlier than two (2) years from the date on which the written notice of cancellation is given. If, prior to
the occurrence of a Change of Control, the Executive ceases to be employed by the Company for any reason, then this Agreement shall terminate on the effective date of the Executive’s termination of employment. 
 2. At-Will Employment. The Company and the Executive acknowledge that the Executive’s employment is and shall continue to be
“at-will,” as defined under applicable law. The Executive understands that nothing in this Agreement modifies the Executive’s “at-will” employment status with the Company; the Company or the Executive may terminate the
employment relationship at any time, with or without cause. 

 3. Change of Control Severance Benefits. 
 a. Involuntary Termination other than for Cause, Death or Disability or Voluntary Termination for Good Reason Following A Change of Control. If,
within twenty-four (24) months following a Change of Control, the Executive’s employment is terminated involuntarily by the Company other than for Cause, or due to death or Disability, or by the Executive pursuant to a Voluntary
Termination for Good Reason, and the Executive executes and does not revoke a general release of claims against the Company and its affiliates in a form acceptable to the Company, which release shall be executed by the Executive within 60 days of
its receipt, then the Company shall provide the Executive with the benefits set forth below: 
 (i) Cash Award. A lump sum payment in
the amount of              percent (        %) of the aggregate of (AA) the Executive’s annual base salary immediately prior
to such employment termination plus (BB) the Executive’s target opportunity under the pay for performance plan for such year as is in effect immediately prior to such termination, in addition to any other earned but unpaid compensation due
through the date of such termination, as well as a pro rata portion of any payment due the Executive under the pay for performance plan for such year as is in effect immediately prior to such termination based on the number of days elapsed during
such year through the date of termination. This lump sum payment is to be paid as soon as practicable after the effective date of the employment termination but in any case, by no later than March 14 of the calendar year following the calendar
year in which such termination occurs. 
 (ii) Acceleration of Vesting of Equity Awards. All vesting for (AA) outstanding options to
purchase the common stock of the Company or any affiliate of the Company granted under any equity plan of the Company or affiliate of the Company then held by the Executive, (BB) restricted stock granted under any equity plan of the Company or
affiliate of the Company then held by the Executive and (CC) other equity and equity equivalent awards granted under any equity plan of the Company or affiliate of the Company then held by the Executive shall be accelerated in full to on or
before the effective employment termination date, and thereafter all such options, restricted stock and other equity awards shall be immediately vested, and, where applicable, exercisable for such period of time following termination as provided for
by the specific agreements governing each such award. 
 (iii) Benefits Continuation. For the period beginning on the date such
involuntary termination by the Company other than for Cause, termination due to death or Disability, or the Executive’s Voluntary Termination for Good Reason occurs, and ending on the date which is eighteen (18) months following the date
of such termination, the Company shall pay directly, on behalf of the Executive, or reimburse the Executive, at the Company’s option, for premium costs incurred by the Executive and the Executive’s dependents for medical and dental
benefits continuation coverage pursuant to Section 4980B of the Internal Revenue Code of 1986, as amended (the “Code”), Sections 601-608 of the Employee Retirement Income Security Act of 1974, as amended, and under any other
applicable law, to the extent required by such laws, as if the Executive had terminated employment with the Company on the date such benefits coverage terminates. If 

  

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Executive commences receiving medical and/or dental coverage through another employer on some date during the above-referenced eighteen (18) month
period, from that date through the end of the eighteen (18) month period, coverage under the applicable Spansion medical and/or dental plan will become secondary to the coverage of the other employer. 
 (iv) All of the foregoing benefits shall replace and be in lieu of any other severance benefit(s) to which Executive would otherwise be entitled
following a Change of Control. 
 b. Voluntary Resignation. Termination For Cause. If the Executive’s employment terminates by
reason of the Executive’s voluntary resignation (and is not a Voluntary Termination for Good Reason), or if the Executive is terminated for Cause, then the Executive shall not be entitled to receive severance or other benefits pursuant to this
Agreement. In such event, the Executive shall receive all earned but unpaid compensation as may be required by law. 
 c. Disability;
Death. If the Executive’s employment with the Company terminates as a result of the Executive’s Disability, or if the Executive’s employment is terminated due to the death of the Executive, then the Executive or the
Executive’s estate shall not be entitled to receive severance or other benefits pursuant to this Agreement. In such event, the Executive or the Executive’s estate shall receive all earned but unpaid compensation as may be required by law.

 d. Termination Apart from Change of Control. In the event the Executive’s employment is terminated for any reason not related
to a Change of Control prior to the occurrence of a Change of Control, or for any reason after the twenty-four (24) month period following a Change of Control, then the Executive shall not be entitled to receive severance or other benefits
pursuant to this Agreement. In such event, the Executive shall receive all earned but unpaid compensation as may be required by law. 
 4.
Definition of Terms. The following terms referred to in this Agreement shall have the following meanings: 
 a. Cause.
“Cause” means (i) an act of personal dishonesty taken by the Executive in connection with the Executive’s responsibilities as an employee and intended to result in substantial personal enrichment of the Executive, (ii) the
Executive’s conviction of, or plea of guilty or no contest to, any felony, (iii) a willful act by the Executive which constitutes gross misconduct and which is injurious to the Company, (iv) following delivery to the Executive of a
written demand for performance from the Company which describes the basis for the Company’s reasonable belief that the Executive has not substantially performed the Executive’s duties, continued willful and deliberate failure by the
Executive to substantially perform such duties, or (v) the Executive’s material breach of this Agreement or of the Executive’s Proprietary Information Agreement. Where the Company determines Cause for termination exists and the
Executive disagrees with such determination, the Executive will be given an opportunity to refute such determination before the Company’s directors, at an executive session of the Board of Directors, whose determination will be binding.

  

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 b. Change of Control. “Change of Control” means the occurrence of any of the following
events: 
 (i) The acquisition by any individual, entity or group (within the meaning of Section 13(d)(3) or 14(d)(2) of the
Exchange Act), (a “Person”) of beneficial ownership (within the meaning of Rule 13d-3 promulgated under the Exchange Act), directly or indirectly, of more than thirty three percent (33%) of either (1) the then-outstanding
shares of common stock of the Corporation (the “Outstanding Company Common Stock”) or (2) the combined voting power of the then-outstanding voting securities of the Corporation entitled to vote generally in the election of
directors (the “Outstanding Company Voting Securities”); provided, however, that, for purposes of this clause (a), the following acquisitions shall not constitute a Change of Control Event; (A) any acquisition directly from the
Corporation, (B) any acquisition by the Corporation, (C) any acquisition by any employee benefit plan (or related trust) sponsored or maintained by the Corporation or any affiliate of the Corporation or a successor, or (D) any
acquisition by any entity pursuant to a transaction that complies with Sections b.(ii), (iii) and (iv), below; 
 (ii) Individuals who,
as of the date hereof, constitute the Board or the board of directors of any entity that directly or indirectly owns all of the outstanding equity securities of the Corporation (the “Incumbent Board”) cease for any reason to
constitute at least a majority of the Board (or the board of directors of any entity that directly or indirectly owns all of the outstanding equity securities of the Corporation); provided, however, that any individual becoming a director subsequent
to the date hereof whose election, or nomination for election by the Corporation’s stockholders, was approved by a vote of at least two-thirds of the individuals then comprising the Incumbent Board (including for these purposes, the new members
whose election or nomination was so approved, without counting the member and the member’s predecessor twice) shall be considered as though such individual were a member of the Incumbent Board, but excluding, for this purpose, any such
individual whose initial assumption of office occurs as a result of an actual or threatened election contest with respect to the election or removal of directors or other actual or threatened solicitation of proxies or consents by or on behalf of a
Person other than the Board or the board of directors of any entity that directly or indirectly owns all of the outstanding equity securities of the Corporation; 
 (iii) Consummation of a reorganization, merger, statutory share exchange or consolidation or similar corporate transaction involving the Corporation or any of its Subsidiaries or any parent entity, a sale or other
disposition of all or substantially all of the assets of the Corporation, or the acquisition of assets or stock of another entity by the Corporation or any of its Subsidiaries (each, a “Business Combination”), in each case unless,
following such Business Combination, (1) all or substantially all of the individuals and entities that were the beneficial owners of the Outstanding Company Common Stock and the Outstanding Company Voting Securities immediately prior to such
Business Combination beneficially own, directly or indirectly, more than 50% of the then-outstanding shares of common stock and the combined voting power of the then-outstanding voting securities entitled to vote generally in the election of
directors, as the case may be, of the entity resulting from such Business Combination (including, without limitation, an entity that, as a result of such transaction, owns the Corporation or all or substantially all of the Corporation’s assets
directly or through one or more subsidiaries (a “Parent”)) in substantially the same proportions as their ownership immediately prior to such Business Combination of the Outstanding Company Common Stock and the Outstanding Company
Voting Securities, as the case may be, (2) no Person (excluding any entity resulting from such Business Combination or a Parent 

  

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or any employee benefit plan (or related trust) of the Corporation or such entity resulting from such Business Combination or Parent) beneficially owns,
directly or indirectly, more than thirty three percent (33%) of, respectively, the then-outstanding shares of common stock of the entity resulting from such Business Combination or the combined voting power of the then-outstanding voting
securities of such entity, except to the extent that the ownership in excess of thirty three percent (33%) existed prior to the Business Combination, and (3) at least a majority of the members of the board of directors or trustees of the
entity resulting from such Business Combination or a Parent were members of the Incumbent Board at the time of the execution of the initial agreement or of the action of the Board providing for such Business Combination; or 
 (iv) Approval by the stockholders of the Corporation of a complete liquidation or dissolution of the Corporation other than in the context of a
transaction that does not constitute a Change of Control Event under clause (c) above. 
 c. Disability. “Disability”
means that the Executive has been unable to perform the Executive’s Company duties as the result of the Executive’s incapacity due to physical or mental illness, and such inability, at least twenty-six (26) weeks after its
commencement, is determined to be total and permanent by a physician selected by the Company or its insurers and acceptable to the Executive or the Executive’s legal representative (such Agreement as to acceptability not to be unreasonably
withheld). Termination resulting from Disability may only be effected after at least thirty (30) days’ written notice by the Company of its intention to terminate the Executive’s employment. In the event that the Executive resumes the
performance of substantially all of the Executive’s Company duties before the termination of the Executive’s employment becomes effective, the notice of intent to terminate shall automatically be deemed to have been revoked. 
 d. Voluntary Termination for Good Reason. “Voluntary Termination for Good Reason” means the Executive voluntarily resigns after the
occurrence of any of the following: (i) without the Executive’s express written consent, a material reduction of the Executive’s duties, title, authority or responsibilities; provided, however, that a reduction in
duties, title, authority or responsibilities solely by virtue of the Company being acquired and made part of a larger entity (e.g., when the Chief Financial Officer of the Company continues to perform the same duties, following a Change of Control,
for the group that was formerly the Company, but is not made the Chief Financial Officer of the acquiring corporation) shall not by itself constitute grounds for a “Voluntary Termination for Good Reason”; (ii) without the
Executive’s express written consent, a material reduction in the base salary of the Executive, which amount shall be not less than ten percent (10%) except where such reduction is an “across-the–board” reduction applicable
to all employees or all similarly-situated employees; (iii) the relocation of the Executive to a facility or a location that is both further away from where the Executive generally lives during the workweek and more than forty-five (45)
miles from the Executive’s then present location of employment; or (iv) the failure of the Company to obtain the assumption of this Agreement by any successors contemplated in Section 5(a) below. The Executive and the Company intend
the foregoing definition to comply with the requirements of Treasury Regulation Section 1.409A-1(n) and hereby agree that such definition shall be interpreted in a manner consistent with such requirements. 
  

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 If an event noted in this Section 4(d) occurs and provides a basis for the Executive to resign
pursuant to a Voluntary Termination For Good Reason, the following additional requirements shall apply: (i) the Executive shall give to the most senior person in charge of Human Resources, within 30 days of the occurrence of the event, at least
30 days written notice of the date that the Executive intends to terminate employment under this Section 4(d) and (ii) the Company shall have 30 days to remedy the condition or event identified in the Executive’s written notice.

 5. Successors. 
 a.
Company’s Successors. Any successor to the Company (whether direct or indirect and whether by purchase, merger, consolidation, liquidation or otherwise) or to all or substantially all of the Company’s business and/or assets shall
assume the obligations under this Agreement and agree expressly to perform the obligations under this Agreement in the same manner and to the same extent as the Company would be required to perform such obligations in the absence of a succession.
For all purposes under this Agreement, the term “Company” shall include any successor to the Company’s business and/or assets which executes and delivers the assumption agreement described in this Section 5(a) or which becomes
bound by the terms of this Agreement by operation of law. 
 b. Executive’s Successors. The terms of this Agreement and all
rights of the Executive hereunder shall inure to the benefit of, and be enforceable by, the Executive’s personal or legal representatives, executors, administrators, successors, heirs, distributees, devisees and legatees. 
 6. Notice. 
 a. General.
Notices and all other communications contemplated by this Agreement shall be in writing and shall be deemed to have been duly given when personally delivered or one day following mailing via Federal Express or similar overnight courier service. In
the case of the Executive, mailed notices shall be addressed to the Executive at the Executive’s home address that the Company has on file for the Executive. In the case of the Company, mailed notices shall be addressed to its corporate
headquarters, and all notices shall be directed to the attention of its Secretary. 
 b. Notice of Termination of Employment. Any
termination of Executive’s employment by the Company for Cause or by the Executive pursuant to a Voluntary Termination for Good Reason shall be communicated by a notice of employment termination to the other party given in accordance with
Section 6(a) of this Agreement. Such notice shall indicate the specific termination provision in this Agreement relied upon, shall set forth in reasonable detail the facts and circumstances claimed to provide a basis for termination under the
provision so indicated, and shall specify the effective termination date (which shall be not more than thirty (30) days after the giving of such notice). The failure by either party to include in the notice any fact or circumstance that
contributes to a showing of Voluntary Termination for Good Reason or termination for Cause shall not waive any right of the party hereunder or preclude the party from asserting such fact or circumstance in enforcing the party’s rights
hereunder. 
  

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 7. Confidentiality; Non-Solicitation. 
 a. Confidentiality. While the Executive is employed by the Company or an affiliate of the Company, and thereafter, the Executive shall not directly
or indirectly disclose or make available to any person, firm, corporation, association or other entity for any reason or purpose whatsoever, any Confidential Information (as defined below). Upon termination of the Executive’s employment with
the Company (or affiliate of the Company), all Confidential Information in the Executive’s possession that is in written or other tangible form (together with all copies or duplicates thereof, including computer files) shall be returned to the
Company and shall not be retained by the Executive or furnished to any third party, in any form, except as provided herein; provided, however, that the Executive shall not be obligated to treat as confidential any Confidential Information
that (i) was publicly known at the time of disclosure to the Executive, (ii) becomes publicly known or available thereafter other than by any means in violation of this Agreement or any other duty owed to the Company by any person or
entity or (iii) is lawfully disclosed to the Executive by a third party. For purposes of this Agreement, the term “Confidential Information” shall mean information disclosed to the Executive or known by the Executive as a consequence
of or through the Executive’s relationship with the Company, and includes technical information (e.g., know-how, formulas, computer programs, software and documentation, secret processes or machines, inventions and research projects), business
information (e.g., information about costs, profits, manufacturing yields, markets, sales, suppliers, customers, business development plans and public relations methods), personnel information (e.g., policies, employee compensation, employee work
preferences, and personnel files) and other non-public data and information of a similar nature of the Company and its affiliates. 
 b.
Non-Solicitation; Non-Disparagement. In addition to the Executive’s obligations under any proprietary information or similar agreement, the Executive shall not for a period of two (2) years following the Executive’s termination
of employment for any reason, either on the Executive’s own account or jointly with or as a manager, agent, officer, employee, consultant, partner, joint venturer, owner or shareholder or otherwise on behalf of any other person, firm or
corporation, directly or indirectly solicit or attempt to solicit away from the Company or any of the Company’s affiliates any of their respective officers, employees or customers; provided, however, that a general advertisement to which
an employee of the Company or one of its affiliates responds shall in no event be deemed to result in a breach of this Section 7.b. In addition, the Executive shall not, and shall use reasonable efforts to ensure that the Executive’s
attorneys, agents or other representatives do not, take any action or make or publish any statement, whether oral or written, which disparages in any way, directly or indirectly, the Company or any of the present or former employees, officers,
directors or affiliates of the Company, or which interferes in any way with the ability of the Company or any of its affiliates to market its products or services, to retain existing customer relationships or to obtain new customer relationships.

 c. Survival of Provisions. The provisions of this Section 7 shall survive the termination or expiration of the
Executive’s employment with the Company and shall be fully enforceable thereafter. If it is determined by a court of competent jurisdiction in any state that any restriction in this Section 7 is excessive in duration or scope or is
unreasonable or unenforceable under the laws of that state, it is the intention of the parties that such restriction may be modified or amended by the court to render it enforceable to the maximum extent permitted by the law of that state.

  

 -7- 

 8. Code Section 280G. 
 a. In the event that: (i) the aggregate payments or benefits to be made or afforded to the Executive which are deemed to be “parachute
payments” as defined in Section 280G of the Internal Revenue Code of 1986, as amended (the “Code”) or any successor thereof, (the “Termination Benefits”) would be deemed to include an “excess parachute
payment” under Section 280G of the Code; and (ii) if (A) such Termination Benefits were reduced to an amount (the “Non-Triggering Amount”), the value of which is one dollar ($1.00) less than an amount equal to three
times the Executive’s “base amount,” as determined in accordance with Section 280G of the Code, and (B) the Non-Triggering Amount less the product of the marginal rate of any applicable state and federal income tax and
the Non-Triggering Amount would be greater than the aggregate value of the Termination Benefits (without such reduction) minus (a) the amount of tax required to be paid by the Executive thereon by Section 4999 of the Code and further minus
(b) the product of the Termination Benefits and the marginal rate of any applicable state and federal income tax, then (iii) the Termination Benefits shall be reduced to the Non-Triggering Amount. 
 b. If it is determined that the Executive’s Termination Benefits shall be reduced pursuant to this Section 8(a), the Executive shall be
entitled to designate the Termination Payments to be so reduced; provided that if the Executive fails to make such designation within five (5) business days after receipt of the notice from the Accounting Firm, as provided in
Section 8(c) below, the Company may effect such reduction in any manner it deems appropriate. 
 c. Any determination of whether there
will be a limitation on payments to the Executive pursuant to Section 8(a) above shall be made by the nationally recognized certified public accounting firm used by the Company immediately prior to the Change of Control or, if such firm
declines to serve, such other nationally recognized certified public accounting firm as may be designated by the Executive (the “Accounting Firm”), which shall provide detailed supporting calculations both to the Company and the Executive
not less than ten (10) business days prior to the Change of Control. All fees and expenses of the Accounting Firm shall be borne solely by the Company. Any determination by the Accounting Firm shall be binding upon the Company and the
Executive. For purposes of making the calculations required by this Section 8, the Accounting Firm may make reasonable assumptions and approximations concerning applicable taxes and may rely on reasonable, good-faith interpretations concerning
the application of Sections 280G and 4999 of the Code. 
 d. The Executive shall notify the Company in writing of any claim by the Internal
Revenue Service that, if successful, would result in a loss by the Company of any portion if its tax deduction for payments made by the Company to the Executive due to the application of Section 280G of the Code. 
 e. Notwithstanding any other provision of this Section 8, the Company may withhold and pay over to the Internal Revenue Service for the benefit of
the Executive all or any portion of the applicable taxes under Section 4999 of the Code that it determines in good faith that it is or may be in the future required to withhold, and the Executive hereby consents to such withholding. 

 

 -8- 

 9. Arbitration and Equitable Relief. 
 a. Except as provided in Section 9(d) below, the Executive and the Company agree that to the extent permitted by law, any dispute or controversy
arising out of, relating to, or in connection with this Agreement, or the interpretation, validity, construction, performance, breach, or termination thereof will be settled by arbitration to be held in the County of Santa Clara, California, in
accordance with the National Rules for the Resolution of Employment Disputes then in effect of the American Arbitration Association (the “Rules”). There will be one arbitrator who may grant injunctions or other relief in such dispute or
controversy. The decision of the arbitrator will be final, conclusive and binding on the parties to the arbitration. Judgment may be entered on the arbitrator’s decision in any court having jurisdiction. 
 b. The arbitrator will apply California law to the merits of any dispute or claim, without reference to rules of conflict of law. The Executive hereby
expressly consent to the personal jurisdiction of the state and federal courts located in California for any action or proceeding arising from or relating to this Agreement and/or relating to any arbitration in which the parties are participants.

 c. The Company will pay the direct costs and expenses of the arbitration. The Company and the Executive are responsible for their
respective attorneys’ fees incurred in connection with enforcing this Agreement. 
 d. The Company and the Executive may apply to any
court of competent jurisdiction for a temporary restraining order, preliminary injunction, or other interim or conservatory relief, as necessary to enforce the provisions of this Agreement, without breach of this arbitration agreement and without
abridgement of the powers of the arbitrator. 
 THE EXECUTIVE HAS READ AND UNDERSTOOD THIS SECTION 9, WHICH DISCUSSES ARBITRATION. THE
EXECUTIVE UNDERSTANDS THAT BY SIGNING THIS AGREEMENT, THE EXECUTIVE AGREES TO THE EXTENT PERMITTED BY LAW, TO SUBMIT ANY FUTURE CLAIMS ARISING OUT OF, RELATING TO, OR IN CONNECTION WITH THIS AGREEMENT, OR THE INTERPRETATION, VALIDITY, CONSTRUCTION,
PERFORMANCE, BREACH, OR TERMINATION THEREOF TO BINDING ARBITRATION, AND THAT THIS ARBITRATION CLAUSE CONSTITUTES A WAIVER OF THE EXECUTIVE’S RIGHT TO A JURY TRIAL AND RELATES TO THE RESOLUTION OF ALL DISPUTES RELATING TO ALL ASPECTS OF THE
EMPLOYER/EXECUTIVE RELATIONSHIP, INCLUDING BUT NOT LIMITED TO, THE FOLLOWING CLAIMS: 
 i. EMPLOYMENT; BREACH OF CONTRACT, BOTH EXPRESS AND
IMPLIED; BREACH OF THE COVENANT OF GOOD FAITH AND FAIR DEALING, BOTH EXPRESS AND IMPLIED; NEGLIGENT OR INTENTIONAL INFLICTION OF EMOTIONAL DISTRESS; NEGLIGENT OR INTENTIONAL MISREPRESENTATION; NEGLIGENT OR INTENTIONAL INTERFERENCE WITH CONTRACT OR
PROSPECTIVE ECONOMIC ADVANTAGE; AND DEFAMATION; 
  

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 ii. ANY AND ALL CLAIMS FOR VIOLATION OF ANY FEDERAL STATE OR MUNICIPAL STATUTE, INCLUDING, BUT NOT
LIMITED TO, THE AMERICANS WITH DISABILITIES ACT OF 1990, THE FAIR LABOR STANDARDS ACT, AND ANY LAW OF ANY STATE; AND 
 iii. ANY AND ALL
CLAIMS ARISING OUT OF ANY OTHER LAWS AND REGULATIONS RELATING TO EMPLOYMENT OR EMPLOYMENT DISCRIMINATION. 
 10. Miscellaneous
Provisions. 
 a. Waiver. No provision of this Agreement shall be modified, waived or discharged unless the modification, waiver or
discharge is agreed to in writing and signed by the Executive and by an authorized officer of the Company (other than the Executive). No waiver by either party of any breach of, or of compliance with, any condition or provision of this Agreement by
the other party shall be considered a waiver of any other condition or provision or of the same condition or provision at another time. 
 b.
Whole Agreement. No agreements, representations or understandings (whether oral or written and whether express or implied) which are not expressly set forth in this Agreement have been made or entered into by either party with respect to the
subject matter hereof. This Agreement and any proprietary information agreement represent the entire understanding of the parties hereto with respect to the subject matter hereof and supersede all prior arrangements and understandings regarding
same. 
 c. Choice of Law. The validity, interpretation, construction and performance of this Agreement shall be governed by the laws
of the State of California, as applied to agreements among California residents entered into and to be wholly performed within the State of California (without reference to any choice or conflicts of laws rules or principles that would require the
application of the laws of any other jurisdiction). 
 d. Severability. The invalidity or unenforceability of any provision or
provisions of this Agreement shall not affect the validity or enforceability of any other provision hereof, which shall remain in full force and effect. 
 e. Counterparts. This Agreement may be executed in counterparts, each of which shall be deemed an original, but all of which together will constitute one and the same instrument. 
 f. Code Section 409A. This Agreement shall be interpreted, construed and administered in a manner that satisfies the requirements of
Section 409A of the Code, and any payment scheduled to be made hereunder that would otherwise violate Section 409A of the Code shall be delayed to the extent necessary for this Agreement and such payment to comply with Section 409A of
the Code. 
  

 -10- 

 (i) Notwithstanding anything to the contrary in this Agreement, if at the time of Executive’s
termination of employment with the Company, Executive is a “specified employee” as defined in Section 409A of the Code, as determined by the Company in accordance with Section 409A of the Code, and the deferral of the
commencement of any payments or benefits otherwise payable hereunder as a result of such termination of employment is necessary in order to prevent any accelerated or additional tax under Section 409A of the Code, then the Company will defer
the commencement of the payment of any such payments or benefits hereunder (without any reduction in the payments or benefits ultimately paid or provided to Executive) until the date that is at least six (6) months following the
Executive’s termination of employment with the Company (or the earliest date permitted under Section 409A of the Code), whereupon the Company will pay the Executive a lump-sum amount equal to the cumulative amounts that would have
otherwise been previously paid to the Executive under this Agreement during the period in which such payments or benefits were deferred. Thereafter, payments will resume in accordance with this Agreement. 
 (ii) Additionally, in the event that following the date hereof the Company or the Executive reasonably determines that any compensation or benefits
payable under this Agreement may be subject to Section 409A of the Code, the Company and the Executive shall work together to adopt such amendments to this Agreement or adopt other policies or procedures (including amendments, policies and
procedures with retroactive effect), or take any other commercially reasonable actions necessary or appropriate to (i) exempt the compensation and benefits payable under this Agreement from Section 409A of the Code and/or preserve the
intended tax treatment of the compensation and benefits provided with respect to this Agreement or (ii) comply with the requirements of Section 409A of the Code and related Department of Treasury guidance. 
 IN WITNESS WHEREOF, each of the parties has executed this Agreement, in the case of the Company by its duly authorized officer, as of the day and year
set forth below. 
  

 -11- 

			
	SPANSION INC.
		
	By:	 	  

	Title:	 	  

	Date:	 	  

	
	EXECUTIVE
	
	  

	Signature
	
	  

	Print Name
		
	Date:	 	  

  

 -12-

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