Document:

Consulting Agreement with Chandrashekar Reddy

 EXHIBIT 10.10 
  
 GENESIS MICROCHIP INC. 
  
 CONSULTING AGREEMENT 
  
 This Consulting Agreement (the “Agreement”) is entered into as of
                             by and between Genesis Microchip Inc. (the “Company”) and
Chandra Reddy (“Consultant”). The Company desires to retain Consultant as an independent contractor to perform consulting services for the Company, and Consultant is willing to perform such services, on the terms described below. In
consideration of the mutual promises contained herein, the parties agree as follows: 
  
 1. Services and Compensation.    Consultant agrees to perform for the Company the services described in Exhibit A (the “Services”) from time to time as requested by the
Company, and the Company agrees to pay Consultant the compensation described in Exhibit A for Consultant’s performance of the Services. 
  
 2. Confidentiality. 
  
 A. Definition.    “Confidential Information” means any non-public information that relates to the actual or
anticipated business or research and development of the Company, technical data, trade secrets or know-how, including, but not limited to, research, product plans or other information regarding Company’s products or services and markets
therefor, customer lists and customers (including, but not limited to, customers of the Company on whom Consultant called or with whom Consultant became acquainted during the term of Consultant’s employment), software, developments, inventions,
processes, formulas, technology, designs, drawing, engineering, hardware configuration information, marketing, finances or other business information. Confidential Information does not include information that (i) is known to Consultant at the time
of disclosure to Consultant by the Company as evidenced by written records of Consultant, (ii) has become publicly known and made generally available through no wrongful act of Consultant or (iii) has been rightfully received by Consultant from a
third party who is authorized to make such disclosure. 
  
 B.
Nonuse and Nondisclosure.    Consultant will not, during or subsequent to the term of this Agreement, (i) use the Confidential Information for any purpose whatsoever other than the performance of the Services on behalf of
the Company or (ii) disclose the Confidential Information to any third party. Consultant agrees that all Confidential Information will remain the sole property of the Company. Consultant also agrees to take all reasonable precautions to prevent any
unauthorized disclosure of such Confidential Information. Without the Company’s prior written approval, Consultant will not directly or indirectly disclose to anyone the existence of this Agreement or the fact that Consultant has this
arrangement with the Company. 
  
 C. Former Client Confidential
Information.    Consultant agrees that Consultant will not, during the term of this Agreement, improperly use or disclose any proprietary information or trade secrets of any former or current employer of Consultant or other
person or entity with which 

 Consultant has an agreement or duty to keep in confidence information acquired by Consultant, if any.
Consultant also agrees that Consultant will not bring onto the Company’s premises any unpublished document or proprietary information belonging to any such employer, person or entity unless consented to in writing by such employer, person or
entity. 
  
 D. Third Party Confidential
Information.    Consultant recognizes that the Company has received and in the future will receive from third parties their confidential or proprietary information subject to a duty on the Company’s part to maintain the
confidentiality of such information and to use it only for certain limited purposes. Consultant agrees that, during the term of this Agreement and thereafter, Consultant owes the Company and such third parties a duty to hold all such confidential or
proprietary information in the strictest confidence and not to disclose it to any person, firm or corporation or to use it except as necessary in carrying out the Services for the Company consistent with the Company’s agreement with such third
party. 
  
 E. Return of
Materials.    Upon the termination of this Agreement, or upon Company’s earlier request, Consultant will deliver to the Company all of the Company’s property, including but not limited to all electronically stored
information and passwords to access such property, or Confidential Information that Consultant may have in Consultant’s possession or control. 
  
 3. Ownership. 
  
 A. Assignment.    Consultant agrees that all copyrightable material, notes, records, drawings, designs, inventions,
improvements, developments, discoveries and trade secrets conceived, discovered, developed or reduced to practice by Consultant, solely or in collaboration with others, during the term of this Agreement that relate in any manner to the business of
the Company that Consultant may be directed to undertake, investigate or experiment with or that Consultant may become associated with in work, investigation or experimentation in the Company’s line of business in performing the Services under
this Agreement (collectively, “Inventions”), are the sole property of the Company. Consultant also agrees to assign (or cause to be assigned) and hereby assigns fully to the Company all Inventions and any copyrights, patents, mask
work rights or other intellectual property rights relating to all Inventions. 
  
 B. Further Assurances.    Consultant agrees to assist Company, or its designee, at the Company’s expense, in every proper way to secure the Company’s rights in Inventions and any
copyrights, patents, mask work rights or other intellectual property rights relating to all Inventions in any and all countries, including the disclosure to the Company of all pertinent information and data with respect to all Inventions, the
execution of all applications, specifications, oaths, assignments and all other instruments that the Company may deem necessary in order to apply for and obtain such rights and in order to assign and convey to the Company, its successors, assigns
and nominees the sole and exclusive right, title and interest in and to all Inventions, and any copyrights, patents, mask work rights or other intellectual property rights relating to all Inventions. Consultant also agrees that Consultant’s
obligation to execute or cause to be executed any such instrument or papers shall continue after the termination of this Agreement. 
  
 C. Pre-Existing Materials.    Subject to Section 3.A, Consultant agrees that if, in the course of performing the
Services, Consultant incorporates into any Invention developed under this 
  

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 Agreement any pre-existing invention, improvement, development, concept, discovery or other proprietary information owned
by Consultant or in which Consultant has an interest, (i) Consultant will inform Company, in writing before incorporating such invention, improvement, development, concept, discovery or other proprietary information into any Invention, and (ii) the
Company is hereby granted a nonexclusive, royalty-free, perpetual, irrevocable, worldwide license to make, have made, modify, use and sell such item as part of or in connection with such Invention. Consultant will not incorporate any invention,
improvement, development, concept, discovery or other proprietary information owned by any third party into any Invention without Company’s prior written permission. 
  
 D. Attorney-in-Fact.    Consultant agrees that, if the Company is unable because of
Consultant’s unavailability, dissolution, mental or physical incapacity, or for any other reason, to secure Consultant’s signature for the purpose of applying for or pursuing any application for any United States or foreign patents or mask
work or copyright registrations covering the Inventions assigned to the Company in Section 3.A, then Consultant hereby irrevocably designates and appoints the Company and its duly authorized officers and agents as Consultant’s agent and
attorney-in-fact, to act for and on Consultant’s behalf to execute and file any such applications and to do all other lawfully permitted acts to further the prosecution and issuance of patents, copyright and mask work registrations with the
same legal force and effect as if executed by Consultant. 
  
 4.
Conflicting Obligations. 
  
 A.
Conflicts.    Consultant certifies that Consultant has no outstanding agreement or obligation that is in conflict with any of the provisions of this Agreement or that would preclude Consultant from complying with the
provisions of this Agreement. Consultant will not enter into any such conflicting agreement during the term of this Agreement. Consultant’s violation of this Section 4.A will be considered a material breach under Section 6.B. 

 
 B. Substantially Similar Designs.    In view of
Consultant’s access to the Company’s trade secrets and proprietary know-how, Consultant agrees that Consultant will not, without Company’s prior written approval, design identical or substantially similar designs as those developed
under this Agreement for any third party during the term of this Agreement and for a period of 12 months after the termination of this Agreement. Consultant acknowledges that the obligations in this Section 4 are ancillary to
Consultant’s nondisclosure obligations under Section 2. 
  
 5. Reports.    Consultant also agrees that Consultant will, from time to time during the term of this Agreement or any extension thereof, keep the Company advised as to Consultant’s progress in performing the
Services under this Agreement. Consultant further agrees that Consultant will, as requested by the Company, prepare written reports with respect to such progress. The Company and Consultant agree that the time required to prepare such written
reports will be considered time devoted to the performance of the Services. 
  
 6. Term and Termination. 
  
 A. Term.    The term of this Agreement will begin on the Termination Date as set forth in the Separation Agreement and Release (the “Separation Agreement”) entered into between 
  

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 Consultant and the Company, and will automatically terminate two (2) months after the Termination Date; provided however,
that the Parties agree that in the event Consultant revokes the Separation Agreement prior to the Effective Date (as defined in the Separation Agreement), then this Agreement shall be null and void and neither party shall have any obligation to the
other under this Agreement. 
  
 B.
Termination.    In addition to the provisions set forth in Section 6(A), the Company may terminate this Agreement immediately and without prior notice if Consultant refuses to or is unable to perform the Services or is in
breach of any material provision of this Agreement. 
  
 C.
Survival.    Upon such termination, all rights and duties of the Company and Consultant toward each other shall cease except: 
  
 (1) Section 2 (Confidentiality), Section 3 (Ownership), Section 4 (Conflicting Obligations), Section 7 (Independent Contractor; Benefits),
Section 8 (Indemnification), Section 9 (Nonsolicitation) and Section 10 (Arbitration and Equitable Relief) will survive termination of this Agreement. 
  
 7. Independent Contractor; Benefits. 
  
 A. Independent Contractor.    It is the express intention of the Company and Consultant that Consultant perform the Services as
an independent contractor to the Company. Nothing in this Agreement shall in any way be construed to constitute Consultant as an agent, employee or representative of the Company. Without limiting the generality of the foregoing, Consultant is not
authorized to bind the Company to any liability or obligation or to represent that Consultant has any such authority. Consultant agrees to furnish (or reimburse the Company for) all tools and materials necessary to accomplish this Agreement and
shall incur all expenses associated with performance, except as expressly provided in Exhibit A. Consultant acknowledges and agrees that Consultant is obligated to report as income all compensation received by Consultant pursuant to this
Agreement. Consultant agrees to and acknowledges the obligation to pay all self-employment and other taxes on such income. 
  
 B. Benefits.    The Company and Consultant agree that Consultant will receive no Company-sponsored benefits from the Company.
If Consultant is reclassified by a state or federal agency or court as Company’s employee, Consultant will become a reclassified employee and will receive no benefits from the Company, except those mandated by state or federal law, even if by
the terms of the Company’s benefit plans or programs of the Company in effect at the time of such reclassification, Consultant would otherwise be eligible for such benefits. 
  
 8. Indemnification.    Consultant agrees to indemnify and hold harmless the Company and its
directors, officers and employees from and against all taxes, losses, damages, liabilities, costs and expenses, including attorneys’ fees and other legal expenses, arising directly or indirectly from or in connection with (i) any negligent,
reckless or intentionally wrongful act of Consultant or Consultant’s assistants, employees or agents, (ii) a determination by a court or agency that the Consultant is not an independent contractor, (iii) any breach by the Consultant or
Consultant’s assistants, employees or agents of any of the covenants contained in this Agreement, (iv) any failure 
  

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 of Consultant to perform the Services in accordance with all applicable laws, rules and regulations, or (v) any violation
or claimed violation of a third party’s rights resulting in whole or in part from the Company’s use of the work product of Consultant under this Agreement. 
  
 9. Nonsolicitation.    From the date of this Agreement until 12 months after the termination of
this Agreement (the “Restricted Period”), Consultant will not, without the Company’s prior written consent, directly or indirectly, solicit or encourage any employee or contractor of the Company or its affiliates to terminate
employment with, or cease providing services to, the Company or its affiliates. During the Restricted Period, Consultant will not, whether for Consultant’s own account or for the account of any other person, firm, corporation or other business
organization, intentionally interfere with any person who is or during the period of Consultant’s engagement by the Company was a partner, supplier, customer or client of the Company or its affiliates. 
  
 10. Arbitration and Equitable Relief. 
  
 A. Arbitration.    Consultant agrees that any and
all controversies, claims or disputes with anyone (including the Company and any employee, officer, director, shareholder or benefit plan of the Company, in its capacity as such or otherwise) arising out of, relating to or resulting from
Consultant’s performance of the Services under this Agreement or the termination of this Agreement, including any breach of this Agreement, shall be subject to binding arbitration under the Arbitration Rules set forth in California Code of
Civil Procedure Section 1280 through 1294.2, including Section 1283.05 (the “Rules”) and pursuant to California law. CONSULTANT AGREES TO ARBITRATE, AND THEREBY AGREES TO WAIVE ANY RIGHT TO A TRIAL BY JURY WITH RESPECT TO, ALL
DISPUTES ARISING FROM OR RELATED TO THIS AGREEMENT, INCLUDING BUT NOT LIMITED TO: ANY STATUTORY CLAIMS UNDER STATE OR FEDERAL LAW, CLAIMS UNDER TITLE VII OF THE CIVIL RIGHTS ACT OF 1964, THE AMERICANS WITH DISABILITIES ACT OF 1990, THE AGE
DISCRIMINATION IN EMPLOYMENT ACT OF 1967, THE OLDER WORKERS BENEFIT PROTECTION ACT, THE CALIFORNIA FAIR EMPLOYMENT AND HOUSING ACT, THE CALIFORNIA LABOR CODE, AND CLAIMS OF HARASSMENT, DISCRIMINATION OR WRONGFUL TERMINATION. Consultant understands
that this Agreement to arbitrate also applies to any disputes that the Company may have with Consultant. 
  
 B. Procedure.    Consultant agrees that any arbitration will be administered by the American Arbitration Association
(“AAA”), and that a neutral arbitrator will be selected in a manner consistent with its National Rules for the Resolution of Employment Disputes. Consultant agrees that the arbitrator will have the power to decide any motions
brought by any party to the arbitration, including discovery motions, motions for summary judgment and/or adjudication and motions to dismiss and demurrers, prior to any arbitration hearing. Consultant agrees that the arbitrator will issue a written
decision on the merits. Consultant also agrees that the arbitrator will have the power to award any remedies, including attorneys’ fees and costs, available under applicable law. Consultant understands that the Company will pay for any
administrative or hearing fees charged by the arbitrator or AAA, except that Consultant shall pay the first $200.00 of any filing fees associated with any arbitration Consultant initiates. Consultant agrees that the arbitrator will administer and
conduct any arbitration in a manner consistent with the Rules and that, to the extent that the AAA’s 
  

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 National Rules for the Resolution of Employment Disputes conflict with the Rules, the Rules will take precedence.

  
 C. Remedy.    Except as provided by
the Rules and this Agreement, arbitration will be the sole, exclusive and final remedy for any dispute between the Company and Consultant. Accordingly, except as provided for by the Rules, neither the Company nor Consultant will be permitted to
pursue court action regarding claims that are subject to arbitration. Notwithstanding the foregoing, the arbitrator will not have the authority to disregard or refuse to enforce any lawful Company policy, and the arbitrator shall not order or
require the Company to adopt a policy not otherwise required by law which the Company has not adopted. 
  
 D. Availability of Injunctive Relief.    In addition to the right under the Rules to petition the court for provisional relief,
Consultant agrees that any party may also petition the court for injunctive relief where either party alleges or claims a violation of Sections 2 (Confidentiality), 3 (Ownership), 4 (Conflicting Obligations) or 9 (Nonsolicitation) of this Agreement
or any other agreement regarding trade secrets, confidential information, nonsolicitation or Labor Code §2870. In the event either the Company or Consultant seeks injunctive relief, the prevailing party will be entitled to recover reasonable
costs and attorneys’ fees. 
  
 E. Administrative
Relief.    Consultant understands that this Agreement does not prohibit Consultant from pursuing an administrative claim with a local, state or federal administrative body such as the Department of Fair Employment and
Housing, the Equal Employment Opportunity Commission or the workers’ compensation board. This Agreement does, however, preclude Consultant from pursuing court action regarding any such claim. 
  
 F. Voluntary Nature of Agreement.    Consultant
acknowledges and agrees that Consultant is executing this Agreement voluntarily and without any duress or undue influence by the Company or anyone else. Consultant further acknowledges and agrees that Consultant has carefully read this Agreement and
has asked any questions needed to understand the terms, consequences and binding effect of this Agreement and fully understand it, including that Consultant is waiving its right to a jury trial. Finally, Consultant agrees that Consultant has been
provided an opportunity to seek the advice of an attorney of Consultant’s choice before signing this Agreement. 
  
 11. Miscellaneous. 
  
 A. Governing Law.    This Agreement shall be governed by the laws of California without regard to California’s conflicts
of law rules. 
  
 B.
Assignability.    Except as otherwise provided in this Agreement, Consultant may not sell, assign or delegate any rights or obligations under this Agreement. 
  
 C. Entire Agreement.    This Agreement constitutes the entire agreement between the parties with
respect to the subject matter of this Agreement and supersedes all prior written and oral agreements between the parties regarding the subject matter of this Agreement. 
  
 D. Headings.    Headings are used in this Agreement for reference only and shall not be
considered when interpreting this Agreement. 
  

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 E. Notices.    Any notice or other communication required or permitted by this
Agreement to be given to a party shall be in writing and shall be deemed given if delivered personally or by commercial messenger or courier service, or mailed by U.S. registered or certified mail (return receipt requested), or sent via facsimile
(with receipt of confirmation of complete transmission) to the party at the party’s address or facsimile number written below or at such other address or facsimile number as the party may have previously specified by like notice. If by mail,
delivery shall be deemed effective 3 business days after mailing in accordance with this Section 11(E). 
  

	 (1) If to the Company, to:
	 	 	 	 
	 	 	  

	 	 	 	 
					
	 Attention:
	 	  

	 	 	 	 	 	 
					
	 Telephone:
	 	  

	 	 	 	 	 	 
					
	 Facsimile:
	 	  

	 	 	 	 	 	 

  
 (2) If
to Consultant, to the address for notice on the signature page to this Agreement or, if no such address is provided, to the last address of Consultant provided by Consultant to the Company. 
  
 F. Attorneys’ Fees.    In any court action at
law or equity that is brought by one of the parties to this Agreement to enforce or interpret the provisions of this Agreement, the prevailing party will be entitled to reasonable attorneys’ fees, in addition to any other relief to which that
party may be entitled. 
  
 G.
Severability.    If any provision of this Agreement is found to be illegal or unenforceable, the other provisions shall remain effective and enforceable to the greatest extent permitted by law. 
  
 (Remainder of page intentionally left blank.) 
  

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 IN WITNESS WHEREOF, the parties hereto have executed this Consulting Agreement as of the date first
written above. 
  

	CONSULTANT	 	 	 	GENESIS MICROCHIP INC.
					
	By:	 	 /s/    C. M. Reddy        

	 	 	 	By:	 	 /s/    Eric Erdman        

					
	Name:	 	 Chandrashekar M. Reddy

	 	 	 	Name:	 	 Eric Erdman

					
	Title:	 	  

	 	 	 	Title:	 	 CFO

	 	 	 	 	 	 	 	 	 
	Address for Notice:	 	 	 	 	 	 
	  
     10383 Tula Lane

  
     Cupertino, CA 95014

  
  

	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 

  
  

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 EXHIBIT A 
  
 Services and Compensation 
  
 1. Contact.    Consultant’s principal Company contact: 
  
 Name:
                                        
                                 
  
 Title:                                     
                                        

  
 2. Services.    The Services shall
include, but shall not be limited to, the following: 
  
 A.
technical and industry related advice, as requested by the Company, not to exceed 40 hours per week. 
  
 3. Compensation. 
  
 A. The Company will pay Consultant an amount per month equal to his monthly base salary at the time of his termination from the Company. 
  
 B. The Company will reimburse Consultant for all reasonable expenses incurred
by Consultant in performing the Services pursuant to this Agreement, if Consultant receives written consent from an authorized agent of the Company prior to incurring such expenses and submits receipts for such expenses to the Company in accordance
with Company policy. 
  
  

 -9-1997 Employee Stock Purchase Plan

 Exhibit 10.13 
  
 GENESIS MICROCHIP INC. 
  
 1997 EMPLOYEE STOCK PURCHASE PLAN 
 as
last amended on September 17, 2002 
  
 The following
constitute the provisions of the 1997 Employee Stock Purchase Plan of Genesis Microchip Inc. 
  
 1.    Purpose.  The purpose of the Plan is to provide employees of the Company and its Designated Subsidiaries with an opportunity to purchase Shares of the Company through
accumulated payroll deductions. It is the intention of the Company to have the Plan qualify as an “Employee Stock Purchase Plan” under Section 423 of the Internal Revenue Code of 1986, as amended. The provisions of the Plan, accordingly,
shall be construed so as to extend and limit participation in a manner consistent with the requirements of that section of the Code. 
  
 2.    Definitions. 
  
 (a)  “Board” shall mean the board of directors of the Company. 
  
 (b)  “Code” shall mean the Internal Revenue Code of 1986, as amended. 
  
 (c)   “Company” shall mean Genesis Microchip Inc, and
any Designated Subsidiary of the Company. 
  
 (d)  
“Compensation” shall mean all base straight time gross earnings and commissions, but exclusive of payments for overtime, shift premium, incentive compensation, incentive payments, bonuses and other compensation. 
  
 (e)   “Designated Subsidiary” shall mean any Subsidiary
which has been designated by the Board from time to time in its sole discretion as eligible to participate in the Plan. 
  
 (f)   “Employee” shall mean any individual who is an Employee of the Company for tax purposes whose customary employment with the
Company is at least twenty (20) hours per week and more than five (5) months in any calendar year. For purposes of the Plan, the employment relationship shall be treated as continuing intact while the individual is on sick leave or other leave of
absence approved by the Company. Where the period of leave exceeds 90 days and the individual’s right to reemployment is not guaranteed either by statute or by contract, the employment relationship shall be deemed to have terminated on the 91st
day of such leave. 
  
 (g)  “Enrollment Date”
shall mean the first day of each Offering Period. 
  
 (h)  “Exercise Date” shall mean the last day of each Purchase Period. 
  
 (i)  “Fair Market Value” shall mean, as of any date, the value of the Shares determined as follows: 
  
 (1)  If the Shares are listed on any established stock exchange or
a national market system, including without limitation the Nasdaq National Market or The Nasdaq SmallCap Market of 

  

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 The Nasdaq Stock Market, the Fair Market Value of the Shares shall be the closing sales price for the Shares (or the
closing bid, if no sales were reported) as quoted on such exchange or system for the last market trading day prior to the time of determination, as reported in The Wall Street Journal or such other source as the Board deems reliable, or; 

 
 (2)  If the Shares are regularly quoted by a recognized
securities dealer but selling prices are not reported, the Fair Market Value of the Shares shall be the mean between the high bid and low asked prices for the Shares on the last market trading day prior to the day of determination, as reported in
The Wall Street Journal or such other source as the Board deems reliable, or; 
  
 (3)  In the absence of an established market for the Shares, the Fair Market Value thereof shall be determined in good faith by the Board, or; 
  
 (4)  For purposes of the Enrollment Date of the first Offering Period under the Plan, the Fair Market Value shall
be the initial price to the public as set forth in the final prospectus included within the registration statement in Form F-1 filed with the Securities and Exchange Commission for the initial public offering of the Company’s Shares (the
“Registration Statement”). 
  
 (j)  “Offering Periods” shall mean the periods of approximately twenty-four (24) months during which an option granted pursuant to the Plan may be exercised, commencing on the first Trading Day on or after June 30 and
December 31 of each year and terminating on the last Trading Day in the periods ending twenty-four months later; provided, however, that the first Offering Period under the Plan shall commence with the first Trading Day on or after the date on which
the Securities and Exchange Commission declares the Company’s Registration Statement effective and ending on the last Trading Day on or before December 31, 1999. The duration and timing of Offering Periods may be changed pursuant to Section 4
of this Plan. 
  
 (k)  “Plan” shall mean this
Employee Stock Purchase Plan. 
  
 (l)  “Purchase
Price” shall mean an amount equal to 85% of the Fair Market Value of a Share on the Enrollment Date or on the Exercise Date, whichever is lower. 
  
 (m)  “Purchase Period” shall mean the approximately six month period commencing after one Exercise Date and ending with the next
Exercise Date, except that the first Purchase Period of any Offering Period shall commence on the Enrollment Date and end with the next Exercise Date. 
  
 (n)  “Reserves” shall mean the number of Shares covered by each option under the Plan which have not yet been exercised and the number
of Shares which have been authorized for issuance under the Plan but not yet placed under option. 
  
 (o)  “Shares” shall mean common shares of the Company. 
  
 (p)  “Subsidiary” shall mean a corporation, domestic or foreign, of which not less than 50% of the
voting shares are held by the Company or a Subsidiary, whether or not such corporation now exists or is hereafter organized or acquired by the Company or a Subsidiary. 
  
 (q)  “Trading Day” shall mean a day on which national stock exchanges and The Nasdaq Stock Market are
open for trading. 
  

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 3.    Eligibility. 
  
 (a)  Any Employee who shall be employed by the Company on a given
Enrollment Date shall be eligible to participate in the Plan. 
  
 (b)  Any provisions of the Plan to the contrary notwithstanding, no Employee shall be granted an option under the Plan (i) to the extent that, immediately after the grant, such Employee (or any other person whose shares would be
attributed to such Employee pursuant to Section 424(d) of the Code) would own shares of the Company and/or hold outstanding options to purchase such shares possessing five percent (5%) or more of the total combined voting power or value of all
classes of shares of the Company or of any Subsidiary, or (ii) to the extent that his or her rights to purchase shares under all employee stock purchase plans of the Company and its subsidiaries accrues at a rate which exceeds Twenty-Five Thousand
Dollars ($25,000) (U.S. dollars) worth of shares (determined at the fair market value of the shares at the time such option is granted) for each calendar year in which such option is outstanding at any time. 
  
 4.    Offering Periods.  The Plan shall
be implemented by consecutive, overlapping Offering Periods with a new Offering Period commencing on the first Trading Day on or after June 30 and December 31 of each year, or on such other date as the Board shall determine, and continuing
thereafter until terminated in accordance with Section 20 hereof; provided, however, that the first Offering Period under the Plan shall commence with the first Trading Day on or after the date on which the Securities and Exchange Commission
declares the Company’s Registration Statement effective and shall end on the last Trading Day on or before December 31, 1999. The Board shall have the power to change the duration of Offering Periods (including the commencement dates thereof)
with respect to future offerings without shareholder approval if such change is announced at least five (5) days prior to the scheduled beginning of the first Offering Period to be affected thereafter. 
  
 5.    Participation. 
  
 (a)  An eligible Employee may become a participant in the Plan by
completing a subscription agreement authorizing payroll deductions in the form of Exhibit A to this Plan and filing it with the Company’s payroll office prior to the applicable Enrollment Date. 
  
 (b)  Payroll deductions for a participant shall commence on the
first payroll following the Enrollment Date and shall end on the last payroll in the Offering Period to which such authorization is applicable, unless sooner terminated by the participant as provided in Section 10 hereof. 
  
 6.    Payroll Deductions. 
  
 (a)  At the time a participant files his or her subscription
agreement, he or she shall elect to have payroll deductions made on each pay day during the Offering Period in an amount not exceeding 15% of the Compensation which he or she receives on each pay day during the Offering Period. 
  
 (b)  All payroll deductions made for a participant shall be
credited to his or her account under the Plan and shall be withheld in whole percentages only. A participant may not make any additional payments into such account. 
  
 (c)  A participant may discontinue his or her participation in the Plan as provided in Section 10 hereof, or may
increase or decrease the rate of his or her payroll deductions during the Offering Period by completing or filing with the Company a new subscription agreement authorizing a change in payroll deduction rate. The Board may, in its discretion, limit
the number of participation rate changes during 

  

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any Offering Period. The change in rate shall be effective with the first full payroll period following five (5) business days after the Company’s
receipt of the new subscription agreement unless the Company elects to process a given change in participation more quickly. A participant’s subscription agreement shall remain in effect for successive Offering Periods unless terminated as
provided in Section 10 hereof. 
  
 (d)  Notwithstanding the foregoing, to the extent necessary to comply with Section 423(b)(8) of the Code and Section 3(b) hereof, a participant’s payroll deductions may be decreased to zero percent (0%) at any time during a
Purchase Period. Payroll deductions shall recommence at the rate provided in such participant’s subscription agreement at the beginning of the first Purchase Period which is scheduled to end in the following calendar year, unless terminated by
the participant as provided in Section 10 hereof. 
  
 (e)  At the time the option is exercised in whole or in part, or at the time some or all of the Shares issued under the Plan are disposed of, the participant must make adequate provision for the Company’s federal, state, or
other tax withholding obligations, if any, which arise upon the exercise of the option or the disposition of the Shares. At any time, the Company may, but shall not be obligated to, withhold from the participant’s compensation the amount
necessary for the Company to meet applicable withholding obligations, including any withholding required to make available to the Company any tax deductions or benefits attributable to sale or early disposition of Shares by the Employee. 

 
 7.    Grant of Option.  On the
Enrollment Date of each Offering Period, each eligible Employee participating in such Offering Period shall be granted an option to purchase on each Exercise Date during such Offering Period (at the applicable Purchase Price) up to a number of
Shares determined by dividing such Employee’s payroll deductions accumulated prior to such Exercise Date and retained in the Participant’s account as of the Exercise Date by the applicable Purchase Price; provided that in no event shall an
Employee be permitted to purchase during each Purchase Period more than 20,000 Shares (subject to any adjustment pursuant to Section 19) on the Enrollment Date, and provided further that such purchase shall be subject to the limitations set forth in
Sections 3(b) and 12 hereof. Exercise of the option shall occur as provided in Section 8 hereof, unless the participant has withdrawn pursuant to Section 10 hereof. The option shall expire on the last day of the Offering Period. 
  
 8.    Exercise of Option.  Unless a
participant withdraws from the Plan as provided in Section 10 hereof, his or her option for the purchase of Shares shall be exercised automatically on the Exercise Date, and the maximum number of full Shares subject to option shall be purchased for
such participant at the applicable Purchase Price with the accumulated payroll deductions in his or her account. No fractional Shares shall be purchased; any payroll deductions accumulated in a participant’s account which are not sufficient to
purchase a full Share shall be retained in the participant’s account for the subsequent Purchase Period or Offering Period subject to earlier withdrawal by the participant as provided in Section 10 hereof. Any other monies left over in a
participant’s account after the Exercise Date shall be returned to the participant. During a participant’s lifetime, a participant’s option to purchase Shares hereunder is exercisable only by him or her. 
  
 9.    Delivery.  As promptly as
practicable after each Exercise Date on which a purchase of Shares occurs, the Company shall arrange the delivery to each participant as appropriate, of a certificate representing the Shares purchased upon exercise of his or her option. 

 
 10.    Withdrawal. 
  
 (a)  A participant may withdraw all but not less than all the
payroll deductions credited to his or her account and not yet used to exercise his or her option under the Plan at any time by giving written notice to the Company in the form of Exhibit B to this Plan. All of the participant’s payroll
deductions 

  

 4 

 
credited to his or her account shall be paid to such participant promptly after receipt of notice of withdrawal and such participant’s option for the
Offering Period shall be automatically terminated, and no further payroll deductions for the purchase of Shares shall be made for such Offering Period. If a participant withdraws from an Offering Period, payroll deductions shall not resume at the
beginning of the succeeding Offering Period unless the participant delivers to the Company a new subscription agreement. 
  
 (b) A participant’s withdrawal from an Offering Period shall not have any effect upon his or her eligibility to participate in any similar plan which
may hereafter be adopted by the Company or in succeeding Offering Periods which commence after the termination of the Offering Period from which the participant withdraws. 
  
 11. Termination of Employment. 
  
 Upon a participant’s ceasing to be an Employee, for any reason he or she shall be deemed to have elected to withdraw
from the Plan and the payroll deductions credited to such participant’s account during the Offering Period but not yet used to exercise the option shall be returned to such participant or, in the case of his or her death, to the person or
persons entitled thereto under Section 15 hereof, and such participant’s option shall be automatically terminated. The preceding sentence notwithstanding, a participant who receives payment in lieu of notice of termination of employment shall
be treated as continuing to be an Employee for the participant’s customary number of hours per week of employment during the period in which the participant is subject to such payment in lieu of notice. 
  
 12. Interest. No interest shall accrue on the payroll deductions of a
participant in the Plan. 
  
 13. Shares. 
  
 (a) Subject to adjustment upon changes in capitalization of the Company as
provided in Section 19 hereof, the maximum number of Shares which shall be made available for sale under the Plan shall be 500,000, plus an annual increase to be added on each anniversary date of the adoption of the Plan equal to the lesser of (i)
the number of Shares needed to restore the maximum aggregate number of Shares available for sale under the Plan to 500,000, or (ii) a lesser amount determined by the Board. If, on a given Exercise Date, the number of Shares with respect to which
options are to be exercised exceeds the number of Shares then available under the Plan, the Company shall make a pro rata allocation of the Shares remaining available for purchase in as uniform a manner as practicable and as it shall determine to be
equitable. 
  
 (b) The participant shall have no interest or
voting right in Shares covered by his option until such option has been exercised. 
  
 (c) Shares to be delivered under the Plan shall be registered in the name of the participant or in the name of the participant and his or her spouse. 
  
 14. Administration. The Plan shall be administered by the Board or a committee of members of the Board appointed by
the Board. The Board or its committee shall have full and exclusive discretionary authority to construe, interpret and apply the terms of the Plan, to determine eligibility and to adjudicate all disputed claims filed under the Plan. Every finding,
decision and determination made by the Board or its committee shall, to the full extent permitted by law, be final and binding upon all parties. 
  

 5 

 15. Designation of Beneficiary. 
  
 (a) A participant may file a written designation of a beneficiary who is to receive any Shares and cash, if any, from the
participant’s account under the Plan in the event of such participant’s death subsequent to an Exercise Date on which the option is exercised but prior to delivery to such participant of such Shares and cash. In addition, a participant may
file a written designation of a beneficiary who is to receive any cash from the participant’s account under the Plan in the event of such participant’s death prior to exercise of the option. If a participant is married and the designated
beneficiary is not the spouse, spousal consent shall be required for such designation to be effective. 
  
 (b) Such designation of beneficiary may be changed by the participant at any time by written notice. In the event of the death of a participant and in the
absence of a beneficiary validly designated under the Plan who is living at the time of such participant’s death, the Company shall deliver such Shares and/or cash to the executor or administrator of the estate of the participant, or if no such
executor or administrator has been appointed (to the knowledge of the Company), the Company, in its discretion, may deliver such Shares and/or cash to the spouse or to any one or more dependents or relatives of the participant, or if no spouse,
dependent or relative is known to the Company, then to such other person as the Company may designate. 
  
 16. Transferability. Neither payroll deductions credited to a participant’s account nor any rights with regard to the exercise of an option or
to receive Shares under the Plan may be assigned, transferred, pledged or otherwise disposed of in any way (other than by will, the laws of descent and distribution or as provided in Section 15 hereof) by the participant. Any such attempt at
assignment, transfer, pledge or other disposition shall be without effect, except that the Company may treat such act as an election to withdraw funds from an Offering Period in accordance with Section 10 hereof. 
  
 17. Use of Funds. All payroll deductions received or held by the
Company under the Plan may be used by the Company for any corporate purpose, and the Company shall not be obligated to segregate such payroll deductions. 
  
 18. Reports. Individual accounts shall be maintained for each participant in the Plan. Statements of account shall be given to participating
Employees at least annually, which statements shall set forth the amounts of payroll deductions, the Purchase Price, the number of Shares purchased and the remaining cash balance, if any. 
  
 19. Adjustments Upon Changes in Capitalization, Dissolution, Liquidation, Merger or Asset Sale. 
  
 (a) Changes in Capitalization. Subject to any required action by the
shareholders of the Company, the Reserves, the maximum number of Shares each participant may purchase each Purchase Period (pursuant to Section 7), as well as the price per Share and the number of Shares covered by each option under the Plan which
has not yet been exercised shall be proportionately adjusted for any increase or decrease in the number of issued Shares resulting from a stock split, reverse stock split, stock dividend, combination or reclassification of the Shares, or any other
increase or decrease in the number of Shares effected without receipt of consideration by the Company; provided, however, that conversion of any convertible securities of the Company shall not be deemed to have been “effected without receipt of
consideration”. Such adjustment shall be made by the Board, whose determination in that respect shall be final, binding and conclusive. Except as expressly provided herein, no issuance by the Company of shares of any class, or securities
convertible into shares of any class, shall affect, and no adjustment by reason thereof shall be made with respect to, the number or price of Shares subject to an option. 
  

 6 

 (b)  Dissolution or Liquidation. In the event of the proposed dissolution or liquidation
of the Company, the Offering Period then in progress shall be shortened by setting a new Exercise Date (the “New Exercise Date”), and shall terminate immediately prior to the consummation of such proposed dissolution or liquidation, unless
provided otherwise by the Board. The New Exercise Date shall be before the date of the Company’s proposed dissolution or liquidation. The Board shall notify each participant in writing, at least ten (10) business days prior to the New Exercise
Date, that the Exercise Date for the participant’s option has been changed to the New Exercise Date and that the participant’s option shall be exercised automatically on the New Exercise Date, unless prior to such date the participant has
withdrawn from the Offering Period as provided in Section 10 hereof. 
  
 (c)  Merger or Asset Sale. In the event of a proposed sale of all or substantially all of the assets of the Company, or the merger of the Company with or into another corporation, each outstanding option shall be assumed or
an equivalent option substituted by the successor corporation or a Parent or Subsidiary of the successor corporation. In the event that the successor corporation refuses to assume or substitute for the option, any Purchase Periods then in progress
shall be shortened by setting a new Exercise Date (the “New Exercise Date”) and any Offering Periods then in progress shall end on the New Exercise Date. The New Exercise Date shall be before the date of the Company’s proposed sale or
merger. The Board shall notify each participant in writing, at least ten (10) business days prior to the New Exercise Date, that the Exercise Date for the participant’s option has been changed to the New Exercise Date and that the
participant’s option shall be exercised automatically on the New Exercise Date, unless prior to such date the participant has withdrawn from the Offering Period as provided in Section 10 hereof. 
  
 20.    Amendment or Termination. 
  
 (a)  The Board may at any time and for any reason terminate or
amend the Plan. Except as provided in Section 19 hereof, no such termination can affect options previously granted, provided that an Offering Period may be terminated by the Board on any Exercise Date if the Board determines that the termination of
the Plan is in the best interests of the Company and its shareholders. Except as provided in Section 19 hereof, no amendment may make any change in any option theretofore granted which adversely affects the rights of any participant. To the extent
necessary to comply with Section 423 of the Code (or any successor rule or Provision or any other applicable law, regulation or stock exchange rule), the Company shall obtain shareholder approval in such a manner and to such a degree as required.

  
 (b)  Without shareholder consent and without regard
to whether any participant rights may be considered to have been “adversely affected,” the Board (or its committee) shall be entitled to change the Offering Periods, limit the frequency and/or number of changes in the amount withheld
during an Offering Period, establish the exchange ratio applicable to amounts withheld in a currency other than U.S. dollars, permit payroll withholding in excess of the amount designated by a participant in order to adjust for delays or mistakes in
the Company’s processing of properly completed withholding elections, establish reasonable waiting and adjustment periods and/or accounting and crediting procedures to ensure that amounts applied toward the purchase of Shares for each
participant properly correspond with amounts withheld from the participant’s Compensation, and establish such other limitations or procedures as the Board (or its committee) determines in its sole discretion advisable which are consistent with
the Plan. 
  
 21.    Notices.  All notices or other communications by a participant to the Company under or in connection with the Plan shall be deemed to have been duly given when received in the form specified by
the Company at the location, or by the person, designated by the Company for the receipt thereof. 
  
 22.    Conditions Upon Issuance of Shares.  Shares shall not be issued with respect to an option unless the exercise
of such option and the issuance and delivery of such Shares pursuant thereto shall comply 
  

 7 

 
with all applicable provisions of law, domestic or foreign, including, without limitation, the Securities Act of 1933, as amended, the Securities Exchange
Act of 1934, as amended, the Securities Act (Ontario), the rules and regulations promulgated thereunder, and the requirements of any stock exchange upon which the Shares may then be listed, and shall be further subject to the approval of counsel for
the Company with respect to such compliance. 
  
 As a condition to
the exercise of an option, the Company may require the person exercising such option to represent and warrant at the time of any such exercise that the Shares are being purchased only for investment and without any present intention to sell or
distribute such Shares if, in the opinion of counsel for the Company, such a representation is required by any of the aforementioned applicable provisions of law. 
  
 23.    Term of Plan.  The Plan shall become effective upon the effective date of its
adoption by the Board. It shall continue in effect for a term of ten (10) years unless sooner terminated under Section 20 hereof. 
  
 24.    Automatic Transfer to Low Price Offering Period.  To the extent permitted by any applicable laws, regulations,
or stock exchange rules, if the Fair Market Value of the Shares on any Exercise Date in an Offering Period is lower than the Fait Market Value of the Shares on the Enrollment Date of such Offering Period, then all participants in such Offering
Period shall be automatically withdrawn from such Offering Period immediately after the exercise of their option on such Exercise Date and automatically re-enrolled in the immediately following Offering Period as of the first day thereof.

  

 8 

 EXHIBIT A 
  

GENESIS MICROCHIP INC. 
  
 1997 EMPLOYEE STOCK PURCHASE PLAN 
  
 SUBSCRIPTION AGREEMENT 
  
                                      Original
Application             Enrollment Date:
                                     
  
                                      Change in
Payroll Deduction Rate 
  
                                      Change of
Beneficiary(ies) 
  
 1.                                      
   hereby elects to participate in the 1997 Employee Stock Purchase Plan (the “Employee Stock Purchase Plan”) of Genesis Microchip Inc. (the “Company”) and subscribes to purchase common shares of the Company
(“Shares”) in accordance with this Subscription Agreement and the Employee Stock Purchase Plan. 
  
 2.    I hereby authorize payroll deductions from each paycheck in the amount of
            % of my Compensation on each payday (from 0 to 15%) during the Offering Period in accordance with the Employee Stock Purchase Plan. (Please note that no fractional
percentages are permitted.) 
  
 3.    I
understand that said payroll deductions shall be accumulated for the purchase of Shares at the applicable Purchase Price determined in accordance with the Employee Stock Purchase Plan. I understand that if I do not withdraw from an Offering Period,
any accumulated payroll deductions will be used to automatically exercise my option. 
  
 4.    I have received a copy of the complete Employee Stock Purchase Plan. I understand that my participation in the Employee Stock Purchase Plan is in all respects subject to the terms of the
Employee Stock Purchase Plan. I understand that my ability to exercise the option under this Subscription Agreement is subject to shareholder approval of the Employee Stock Purchase Plan. 
  
 5.    Shares purchased for me under the Employee Stock Purchase Plan should be issued in the name(s) of
(Employee or Employee and Spouse only):
                                    . 
  
 6.    I represent that I have consulted with any tax
consultants I deem advisable in connection with my participation in the Employee Stock Purchase Plan and the purchase and disposition of Shares thereunder, and that I am not relying on the Company for any tax advice. I hereby agree to notify the
Company in writing within 30 days after the date of any disposition of my shares and I will make adequate provision for the tax withholding obligations of the Company, if any, which arise upon the acquisition or disposition of the Shares.

  
 7.    I hereby agree to be bound by the
terms of the Employee Stock Purchase Plan. The effectiveness of this Subscription Agreement is dependent upon my eligibility to participate in the Employee Stock Purchase Plan. 
  

 -1- 

 8.    In the event of my death, I hereby designate the following as my
beneficiary(ies) to receive all payments and Shares due to me under the Employee Stock Purchase Plan. 
  

	NAME:  (Please print)	 	                                      
                                        
                                        
             	 	 	 	 
	 	 	(First)	  	(Middle)	 	(Last)	 	 	 	 	 	 
	 	 	 	 	 	  	 	 	 	 	 	 	 	 	 
	                                      
                                        
          	  	  
                                       
                                        
           
	 	Relationship	 	 
	 	  	  
                                       
                                        
           
	 	 	 	 
	 	  	 (Address)
  
	 	 	 	 
	Employee’s Social Security Number:	  	                                      
                                        
           	 	 	 	 
	 	  	 	 	 	 	 
	Employee’s Address:	  	                                      
                                        
           	 	 	 	 
	 	  	 	 	 	 	 
	 	  	                                      
                                        
           	 	 	 	 
	 	  	 	 	 	 	 
	 I UNDERSTAND THAT THE SUBSCRIPTION AGREEMENT SHALL REMAIN IN EFFECT THROUGHOUT SUCCESSIVE OFFERING PERIODS UNLESS TERMINATED BY
ME.
	 	 
	 	 	 
	Dated:
                                        
    	  	                                      
                                        
           	 	 	 	 
	 	 	 	  	Signature of Employee	 	 	 	 
	 	 	 	  	 	 	 	 	 
	 	 	 	  	                                      
                                        
              	 	 	 	 
	 	 	 	  	Spouse’s Signature (If beneficiary other than spouse)	 	 

  
  
  
  
  

 -2- 

 EXHIBIT B 
  

GENESIS MICROCHIP INC. 
  
 1997 EMPLOYEE STOCK PURCHASE PLAN 
  
 NOTICE OF WITHDRAWAL 
  
 The undersigned participant in the Offering Period of the Genesis Microchip Inc. 1997 Employee Stock Purchase Plan which began on
                                    ,
19             (the “Enrollment Date”) hereby notifies the Company that he or she hereby withdraws from the Offering Period. He or she hereby directs the Company to pay to
the undersigned as promptly as practicable all the payroll deductions credited to his or her account with respect to such Offering Period. The undersigned understands and agrees that his or her option for such Offering Period will be automatically
terminated. The undersigned understands further that no further payroll deductions will be made for the purchase of shares in the current Offering Period and the undersigned shall be eligible to participate in succeeding Offering Periods only by
delivering to the Company a new Subscription Agreement. 
  

	Name and Address of Participant:
	
	                                      
                                        
                         
	
	                                      
                                        
                         
	
	                                      
                                        
                         
	
	                                      
                                        
                         
		
	Signature	 	 
	
	Date:                                     
                                        
                 

  

 -1-

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