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Exhibit 10.3    
    

 
 

TECHWELL, INC.
  
    2001 STOCK PLAN (as amended)    
    

SECTION 1. PURPOSE  

        The purpose of the Plan is to offer selected employees, directors and consultants an opportunity to acquire a proprietary interest in the success of the Company,
to encourage such selected persons to remain in the employ of the Company and to attract new employees by allowing such persons to purchase Shares of the Company's Common Stock. The Plan provides for
the grant of Options to purchase Shares. Options granted under the Plan may be Incentive Stock Options or Nonstatutory Stock Options. Stock Purchase Rights may also be granted under the Plan. 

SECTION 2. DEFINITIONS  

        (a)   "Board" means the Board of Directors of the Company. 

        (b)   "Code" means the Internal Revenue Code of 1986, as amended. 

        (c)   "Committee" means a committee of the Board of Directors which is authorized to administer the Plan under Section 4
herein. In the event the Company becomes subject to Section 16 of the Exchange Act, the Committee shall have a membership composition which will enable the Plan to qualify under
Rule 16b-3 with regard to Options granted to persons who are subject to Section 16 of the Exchange Act. 

        (d)   "Common Stock" means the Common Stock of the Company. 

        (e)   "Company" means Techwell, Inc. 

        (f)    "Consultant" means any person, including an advisor, who is engaged by the Company or Subsidiary to render consulting or
advisory services and is compensated for such services. 

        (g)   "Continuous Status as an Employee" means the absence of any interruption or termination of the employment relationship by
the Company or any Subsidiary. Continuous Status as an Employee shall not be considered interrupted in the case of: sick leave, military leave or any other leave of absence approved by the Board,
provided that such leave is for a period of not more than ninety (90) days, unless reemployment upon the expiration of such leave is guaranteed by contract or statute, or unless provided
otherwise pursuant to Company policy adopted from time to time; or in the case of transfers between locations of the Company or between the Company, its Subsidiaries or its successor. 

        (h)   "Employee" means any person, including officers and directors, employed by the Company or Subsidiary of the Company. The
payment of a director's fee by the Company shall not be sufficient to constitute "employment" by the Company. 

 

        (i)    "Exchange Act" means the Securities Exchange Act of 1934, as amended. 

        (j)    "Fair Market Value" means, as of any date, the value of Common Stock determined as follows: 

        (i)    If
the Common Stock is listed on any established stock exchange or a national market system including without limitation the National Market System of the National
Association of Securities Dealers, Inc. Automated Quotation ("Nasdaq") System, its Fair Market Value shall be the closing sales price for such stock (or the closing bid, if no sales were
reported, as quoted on such system or exchange 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 Administrator
deems reliable; 

        (ii)   If
the Common Stock is quoted on the Nasdaq System (but not on the Nasdaq National Market thereof) or regularly quoted by a recognized securities dealer but selling
prices are not reported, its Fair Market Value shall be the mean between the high and low asked prices for the Common Stock; or 

        (iii)  In
the absence of an established market for the Common Stock, the Fair Market Value thereof shall be determined in good faith by the Board. 

        (k)   "Incentive Stock Option" means an Option intended to qualify as an incentive stock option within the meaning of
Section 422 of the Code. 

        (l)    "Nonstatutory Stock Option" means an Option not intended to qualify as an Incentive Stock Option. 

        (m)  "Option" means a stock option granted pursuant to the Plan that entitles the holder to purchase Shares. 

        (n)   "Optioned Stock" means the Common Stock subject to an Option. 

        (o)   "Optionee" means an Employee or Consultant who receives an Option. 

        (p)   "Plan" means the Techwell, Inc. 2001 Stock Plan, as amended from time to time. 

        (q)   "Purchaser" means an Employee or Consultant who exercises a Stock Purchase Right. 

        (r)   "Restricted Stock" means Shares purchased pursuant to the grant of a Stock Purchase Right. 

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        (s)   "Share" means a share of the Common Stock, as adjusted in accordance with Section 13 of the Plan. 

        (t)    "Stock Purchase Right" means the right to purchase Restricted Stock granted pursuant to Section 11 of the Plan. 

        (u)   "Subsidiary" means any corporation of which the Company and/or one or more other Subsidiaries own not less than
50 percent of the total combined voting power of all classes of outstanding stock of such corporation. A corporation that attains the status of a Subsidiary on a date after the adoption of the
plan shall be considered a Subsidiary commencing as of such date. 

        (v)   "Tax
Date" means the date upon which the withholding tax obligation is determined pursuant to Section 12(b) herein. 

SECTION 3. STOCK SUBJECT TO THE PLAN  

        Subject to the provisions of Section 13 of the Plan, the maximum aggregate number of shares which may be optioned and sold under the Plan is
929,750 1,135,2741 1,635,2742 2,135,2743
3,635,2744 Shares of Common Stock. The shares may be authorized, but unissued, or reacquired Common Stock. If an Option or Stock Purchase Right should expire or become unexercisable for
any reason without having been exercised in full, the unpurchased Shares which were subject thereto shall, unless the Plan shall have been terminated, become available for future grant under the Plan.
The Company, during the term of this Plan, will at all times reserve and keep available such number of Shares as shall be sufficient to satisfy the requirements of the Plan. 

SECTION 4. ADMINISTRATION.  

        (a)    Committee
Membership.    The Plan shall be administered by the Committee, which shall consist of members of the Board. The members
of the Committee shall be appointed by the Board. If no Committee has been appointed, the entire Board shall constitute the Committee. 

        (b)    Powers
of the Committee.    Subject to the provisions of the Plan and the specific duties delegated by the Board, the Committee
shall have full authority and discretion to take the following actions: 

	1
	205,524
shares transferred from 1997 Stock Plan, effective 5/28/03. 
	2
	500,000
share increase, effective 7/9/03. 
	3
	500,000
share increase, effective 5/21/04. 
	4
	1,500,000
shares increase, effective 9/29/04. 

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        (i)    to
determine the Fair Market Value of the Common Stock; 

        (ii)   to
select the officers, Consultants and Employees to whom Options and Stock Purchase Rights may from time to time be granted under the Plan; 

        (iii)  to
determine whether and to what extent Options and Stock Purchase Rights or any combination thereof, are granted under the Plan; 

        (iv)  to
determine the number of Shares to be covered by each such award granted hereunder; 

        (v)   to
approve forms of agreement for use under the Plan; 

        (vi)  to
determine the terms and conditions, not inconsistent with the terms of the Plan, of any award granted hereunder including, but not limited to, the share price and
any restriction or limitation, based in each case on such factors as the Committee shall determine in its sole discretion; 

        (vii) to
determine the terms and restrictions applicable to Stock Purchase Rights and the Restricted Stock purchased by exercising such Stock Purchase Rights; and 

        (viii) to
make any other such determinations with respect to awards under the Plan as it shall deem appropriate. 

        (c)    Effect
of Committee's Decision.    All decisions, determinations and interpretations of the Committee shall be final and binding
on all Optionees and Purchasers and any other holders of any Options or Stock Purchase Rights. 

SECTION 5. ELIGIBILITY.  

        (a)    General
Rule.    Nonstatutory Stock Options and stock Purchase Rights may be granted to Employees and Consultants. Incentive Stock
Options may be granted only to Employees. An Employee or Consultant who has been granted an Option or Stock Purchase Right may, if he is otherwise eligible, be granted an additional Option, Options,
Stock Purchase Right or Rights. 

        (b)    Stock
Option Agreement.    Each grant of an Option under the Plan shall be evidenced by a stock option agreement between the
Optionee and the Company. All stock option agreements shall be subject to all applicable terms and conditions of the Plan and may be subject to any other terms and conditions which are not
inconsistent with the Plan and which the Committee deems appropriate. The provisions of the various stock option agreements entered into under the Plan are not required to be identical. 

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        (c)    Incentive
Stock Option Limitation.    Each Option shall be designated in the written option agreement as either an Incentive Stock
Option or a Nonstatutory Stock Option. However, notwithstanding such designations, to the extent that the aggregate Fair Market Value of the Shares with respect to which Options designated as
Incentive Stock Options are exercisable for the first time by any Optionee during any calendar year (under all plans of the Company or any Parent or Subsidiary) exceeds $100,000, such excess Options
shall be treated as Nonstatutory Stock Options. 

        (d)    Time
of Granting Options.    The date of grant of an Option shall, for all purposes, be the date on which the Committee makes the
determination granting such Option, or such other date as is determined by the Board. Notice of the determination shall be given to each Employee or Consultant to whom an Option is so granted within a
reasonable time after the date of such grant. 

SECTION 6. TERM OF PLAN.  

        The Plan shall become effective on the date of its adoption by the Board subject to its approval by the shareholders of the Company as described in
Section 17 of the Plan. In the event that the shareholders fail to approve the Plan within twelve (12) months after its adoption by the Board, any Options or Stock Purchase Rights
granted during such period shall be null and void. The Plan shall continue in effect for a term of ten (10) years unless sooner terminated under Section 14 of the Plan. 

SECTION 7. TERM OF OPTION.  

        The term of each Option shall be the term stated in the Optionee's option agreement; provided however, the term shall be no more than ten (10) years from
the date of grant thereof or such shorter term as may be provided in the option agreement. However, in the case of an Option granted to an Optionee who, at the time the Option is granted, owns stock
representing more than ten percent (10%) of the voting power of all classes of stock of the Company or any Subsidiary, the term of the Option shall be five (5) years from the date of grant
thereof or such shorter term as may be provided in the option agreement. 

SECTION 8. EXERCISE PRICE AND CONSIDERATION.  

        (a)    Board
Determination.    With respect to each Option, the per share exercise price for the Shares shall be determined by the Board. 

        (b)    Incentive
Stock Options.    In the case of an Incentive Stock Option, the exercise price per Share shall be not less than 100% of
the Fair Market Value of such Share on the date of grant. Notwithstanding the above, if an Incentive Stock Option is granted to an Employee who owns more than ten percent of the total combined voting
power of all classes of stock of the Company or any Subsidiary, the exercise price per 

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Share
shall be not less than 110% of the Fair Market Value of such Share on the date of grant. 

        (c)    Nonstatutory
Stock Options.    The exercise price per Share of a Nonstatutory Stock Option shall not be less than 85% of the Fair
Market Value of such Share on the date of grant. Notwithstanding the above, if a Nonstatutory Stock Option is granted to a person who owns more than ten percent (10%) of the total combined voting
power of all classes of stock of the Company or any Subsidiary, the exercise price per Share shall be not less than 110% of the Fair Market Value of such Share on the date of grant. 

        (d)    Consideration.    The
consideration to be paid for Shares issued upon the exercise of an Option and the method of payment for such
Shares shall be determined by the Committee and, in the case of an Incentive Stock Option, shall be determined at the time of grant. The consideration to purchase Shares may consist of, cash, check,
recourse or nonrecourse promissory note, the surrender of other Shares, or any combination of the foregoing methods of payment. In the case where the exercise price is paid by the surrender of Shares,
the Shares surrendered must (i) have been owned by the Optionee for more than six months on the date of surrender or were not acquired, directly or indirectly, from the Company, and
(ii) have a Fair Market Value on the date of surrender equal to the aggregate exercise price of the new Shares to be acquired. 

SECTION 9. EXERCISE OF OPTION.  

        (a)    Procedure
for Exercise.    Any Option granted hereunder shall be exercisable at such times and under such conditions as determined
by the Board and as permissible under the terms of the Plan, but in no case at a rate of less than 20% per year over five (5) years from the date of the Option is granted. An Option may not be
exercised for a fraction of a Share. An Option shall be deemed to be exercised when written notice of such exercise has been given to the Company in accordance with the terms of the Option and full
payment for the Shares with respect to which the Option is exercised has been received by the Company. Until the issuance of the stock certificate evidencing such Shares, no right to vote or receive
dividends or any other rights as a shareholder shall exist with respect to the Optioned Stock, notwithstanding the exercise of the Option, no adjustment will be made for a dividend or other right for
which the record date is prior to the date the stock certificate is issued, except as provided in Section 13 of the Plan. 

        (b)    Termination
of Employment.    In the event of termination of an Optionee's consulting relationship or Continuous Status as an
Employee with the Company, such Optionee may within ninety (90) days after the date of such termination (or such other period as set forth in the Option Agreement, but in no event later than
the expiration date of the term of such Option as set forth in the Option Agreement), exercise the Option to the extent that Optionee was entitled to exercise it at the date of such termination. To
the extent that Optionee was not entitled to exercise the Option at the date of such termination, or if Optionee does not exercise such Option to the extent so entitled within the time specified
herein, the Option shall terminate. 

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        (c)    Disability
of Optionee.    Notwithstanding the provisions of Section 9(b) above, if an Optionee's Consulting relationship
or Continuous Status as an Employee is terminated as a result of disability (as determined by the Board in accordance with the policies of the Company), Optionee may within six (6) months from
the date of such termination (or such other longer period as set forth in the Option Agreement, but in no event later than the expiration date of the term of such Option as set forth in the Option
Agreement), exercise the Option to the extent otherwise entitled to exercise it at the date of such termination. To the extent that Optionee was not entitled to exercise the Option at the date of
termination, or if Optionee does not exercise such Option to the extent so entitled within the time specified herein, the Option shall terminate. 

        (d)    Death
of Optionee.    In the event of the death of an Optionee, the Option may be exercised within twelve (12) months
following the date of death, (but in no event later than the expiration date of the term of such Option as set forth in the Option Agreement), by the Optionee's estate or by a person
who acquired the right to exercise the Option by bequest or inheritance, but only to the extent the Optionee was entitled to exercise the Option at the date of death. To the extent that Optionee was
not entitled to exercise the Option at the date of termination, or if Optionee does not exercise such Option to the extent so entitled within the time specified herein, the Option shall terminate. 

        (e)    Rule 16b-3.    Options
granted to persons subject to Section 16(b) of the Exchange Act must comply with
Rule 16b-3 and shall contain such additional conditions or restrictions as may be required thereunder to qualify for the maximum exemption from Section 16 of the Exchange Act
with respect to Plan transactions. 

SECTION 10. RIGHT OF FIRST REFUSAL.  

        (a)    Right
of First Refusal.    Unless the Committee determines otherwise, all Shares acquired under the Plan by an Optionee or
Purchaser (both being referred to herein as Holder) shall be subject to the right of first refusal set forth in this Section 10. Before any Shares may be sold or transferred (including transfer
by operation of law other than as excepted pursuant to Section 10(e) hereof), Holder must first obtain the written consent of the Company. If such written consent is not given, then the Company
shall have a right of first refusal to purchase all, but not less than all, of the Shares for the same price and, to the extent practicable, on substantially the same terms and conditions offered to
such prospective purchaser, in accordance with the procedures set forth below. 

        (b)    Purchase
Price.    If the proposed price per share is to be other than in cash, then an equivalent cash value shall be determined
in good faith by the Board. If a transfer other than a voluntary sale is proposed to be made, then the price per Share for purposes of the right of first refusal shall be determined by the mutual
agreement of Holder and the Company or, if no agreement can be reached, the price shall be the fair market value of such shares, as determined in good faith by the Board. 

7

 

        (c)    Offer
Notice.    Prior to any sale or transfer of any Shares, Holder, or the legal representative of Holder, shall promptly
deliver to the Secretary of the Company a written notice of the price and other terms and conditions of the offer by the prospective purchaser, the identity of the prospective purchaser, and, in the
case of a sale, Holder's bona fide intention to sell or dispose of such shares together with a copy of a written agreement between Holder and the prospective purchaser conditioned only upon the
satisfaction of the procedures set forth in this right of first refusal. If the Company does not give its written consent to such transfer, then the Company (or its assignees) shall, for thirty
(30) days after such notice from Holder, have the right under this Section 10 to purchase all such Shares, as set forth herein. 

        (d)    Holder's
Right to Transfer.    After the expiration of the Rights of First Refusal, or upon the written consent of the Company to
the proposed transfer, Holder may sell or transfer the Shares specified in the notice to the Company, on the terms and conditions specified in such notice; provided, however, that the sale must be
consummated within three (3) months after the date of the notice and that all Shares sold or transferred shall remain subject to the applicable provisions and restrictions of this Plan,
including restrictions on further transfer as provided in this Section 10, and shall carry a legend to that effect. If the right of first refusal under this Section 10 are not exercised,
but Holder fails to consummate such sale on the same terms and conditions as set forth in the notice to the Company within three (3) months after the date of the notice, then such right of
first refusal shall be reinstated. 

        (e)    Termination;
Exceptions.    The provisions of this Section 10 shall terminate on the closing date of an underwritten public
offering of Common Stock of the Company. The provisions of Section 10(a) shall not apply to a transfer of any Shares by Holder, either during his or her lifetime or on death to his or her
ancestors, descendants or spouse, or any custodian or trustee for the account of Holder or Holder's ancestors, descendants or spouse; provided, in each such case a transferee shall receive and hold
such Shares subject to the provisions and restrictions on transfer under this Section 10 and there shall be no further transfer of such Shares except in accordance herewith. 

        (f)    Effect
of Transfers Not in Compliance.    The Company shall not be required to transfer on its books any Shares which shall have
been sold or transferred in violation of any of the provisions set forth in this Section 10, or to treat as owner of such Shares, or to accord the right to vote as such owner or to pay
dividends to, any transferee to whom such Shares shall have been so transferred. 

SECTION 11. STOCK PURCHASE RIGHTS AND REPURCHASE OPTION.  

        (a)    Rights
to Purchase Restricted Stock.    Stock Purchase Rights may be issued either alone, in addition to, or in tandem with other
awards granted under the Plan and/or cash awards made outside of the Plan. After the Committee determines that it will offer Stock Purchase Rights under the Plan, it shall advise the offeree in
writing of the terms, conditions and restrictions related to the offer, including the number of Shares that such 

8

 

person
shall be entitled to purchase, the price to be paid (which price shall not be less than 85% of the Fair Market Value of the Shares as of the date of this offer, or, in the case of a person
owning stock representing more than ten percent (10%) the total combined Voting Power of all classes of stock of the Company or any Subsidiary, the price shall not be less than one hundred percent
(100%) of the Fair Market Value of the shares as of the date of the offer), and the time within which such person must accept such offer, which shall in no event exceed thirty (30) days from
the date of grant of the Stock Purchase Right. The offer shall be accepted by execution of a stock purchase agreement in the form determined by the Committee. 

        (b)    Repurchase
Option.    Unless the Committee determines otherwise, the stock purchase agreement shall grant the Company a repurchase
option exercisable upon the voluntary or involuntary termination of the Purchaser's employment with the Company for any reason (including death or disability). The purchase price for unvested Shares
repurchased pursuant to the stock purchase agreement shall be the original price paid by the Purchaser and may be paid by cancellation of any indebtedness of the purchaser to the Company. The
repurchase option with respect to the Restricted Stock shall lapse at such rate as the Committee may determine, but in any event at a minimum rate of twenty percent (20%) per year. 

        (c)    Other
Provisions.    The stock purchase agreement shall contain such other terms, provisions and conditions not inconsistent with
the Plan as may be determined by the Committee in its sole discretion. In addition, the provisions of stock purchase agreements need not be the same with respect to each Purchaser. 

        (d)    Rights
as a Shareholder.    Once the Stock Purchase Right is exercised, the Purchaser shall have the rights equivalent to those of
a shareholder, and shall be a shareholder when his or her purchase is entered upon the records of the duly authorized transfer agent of the Company. No adjustment will be made for a dividend or other
right for which the record date is prior to the date the Stock Purchase Right is exercised, except as provided in Section 13 of the Plan. 

SECTION 12. WITHHOLDING TAXES.  

        (a)    Obligation
of Optionees and Purchasers.    As a condition to the exercise of an Option or Stock Purchase Right, the Optionees and
Purchasers shall make such arrangements as the Committee may require to the satisfaction of any federal, state, local or foreign withholding tax obligations that may arise in connection with exercise.
The Optionees shall also make such arrangements as the Committee may require for the satisfaction of any federal, state, local or foreign withholding tax obligations that may arise in connection with
the disposition of Shares acquired by exercising an Option. 

        (b)    Stock
Withholding to Satisfy Withholding Tax Obligations.    At the discretion of the Committee, Optionees or Purchasers may
satisfy withholding obligations as provided in this paragraph. When an Optionee or Purchaser incurs a tax liability in connection with an 

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Option
or Stock Purchase Right, which tax liability is subject to tax withholding under applicable tax laws, and the Optionee or Purchaser is obligated to pay the Company an amount required to be
withheld under applicable tax laws, the Optionee or Purchaser may satisfy the withholding tax obligation by electing to have the Company withhold from the Shares to be issued upon exercise of the
Option, or the Shares to be issued in connection with the Stock Purchase Right, if any, that number of Shares having a Fair Market Value equal to the amount required to be withheld. The Fair Market
Value of the Shares to be withheld shall be determined on the date that the amount of tax to be withheld is to be determined (the "Tax Date"). 

All
elections by an Optionee or Purchaser to have Shares withheld for this purpose shall be made in writing in a form acceptable to the Committee and shall be subject to the following restrictions: 

        (i)    the
election must be made on or prior to the Tax Date; 

        (ii)   once
made, the election shall be irrevocable as to the particular Shares of the Option or Stock Purchase Right as to which the election is made; 

        (iii)  all
elections shall be subject to the consent or disapproval of the Committee; 

        (iv)  if
the Optionee is subject to Rule 16b-3 of the Exchange Act, the election must comply with the applicable provisions of
Rule 16b-3 and shall be subject to such additional conditions or restrictions as may be required thereunder to qualify for the maximum exemption from Section 16 of the
Exchange Act with respect to Plan transactions. 

In
the event the election to have Shares withheld is made by an Optionee or Purchaser and no election is filed under Section 83(b) of the Code, the Optionee or Purchaser shall receive the full
number of Shares with respect to which the Option or Stock Purchase Right is exercised, but such Optionee or Purchaser shall be unconditionally obligated to tender back to the Company the proper
number of Shares at the time when the amount of withholding tax becomes due and payable. 

SECTION 13. ADJUSTMENT OF SHARES.  

        (a)    Changes
in Capitalization or Merger.    Subject to any required action by the shareholders of the Company, the number of Shares
covered by each outstanding Option or Stock Purchase Right, and the number of Shares which have been authorized for issuance under the Plan but as to which no Options or Stock Purchase Rights have yet
been granted or which have been returned to the Plan upon cancellation or expiration of an Option or Stock Purchase Right, as well as the price per Share covered by each such outstanding Option or
Stock Purchase Right, shall be proportionately adjusted for any increase or decrease in the number of issued Shares resulting from a stock split, reverse 

10

 

stock
split, stock dividend, combination or reclassification of the Common Stock, or any other increase or decrease in the number of issued 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 stock of any class, or securities
convertible into shares of stock 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 or Stock Purchase
Right. In the event of a merger of the Company with or into another corporation, the Option shall be assumed or an equivalent option shall be substituted by such successor corporation or a parent or
subsidiary of such successor corporation. 

        (b)    Dissolution,
Liquidation or Other Merger.    In the event of the proposed dissolution or liquidation of the Company, or of a
merger in which the successor corporation does not agree to assume the Option or Stock Purchase Right or substitute an equivalent Option or Stock Purchase Right, the Board shall notify Optionees and
Purchasers at least thirty (30) days prior to such proposed action. To the extent it has not been previously exercised, the Option or Stock Purchase Right will terminate immediately prior to
the consummation of such proposed action. 

SECTION 14. AMENDMENT AND TERMINATION OF PLAN.  

        (a)    Amendment
and Termination.    The Board may at any time amend, alter, suspend or discontinue the Plan, but no amendment,
alteration, suspension or discontinuation shall be made which would impair the rights of any Optionee or Purchaser under any grant theretofore made, without his or her consent. In addition, to the
extent necessary and desirable to comply with Rule 16b-3 under the Exchange Act or with Section 422 of the Code (or any other applicable law or regulation, including the
requirements of the NASD or an established stock exchange), the Company shall obtain shareholder approval of any Plan amendment in such a manner and to such a degree as required. 

        (b)    Effect
of Amendment or Termination.    Any such amendment or termination of the Plan shall not affect Options and Stock Purchase
Rights already granted and such Options and Stock Purchase Rights shall remain in full force and effect as if this Plan had not been amended or terminated, unless mutually agreed otherwise between the
Optionee or Purchaser and the Board, which agreement must be in writing and signed by the Optionee or Purchaser and the Company. 

SECTION 15. NONTRANSFERABILITY.  

All
Options and Stock Purchase Rights granted under the Plan may not be sold, pledged, assigned, hypothecated, transferred, or disposed of in any manner other than by will or by the laws of descent or
distribution and may be exercised during the lifetime of the Optionee or Stock Purchase Rights Holder only by the Optionee or Stock Purchase Rights Holder. 

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SECTION 16. ISSUANCE OF SHARES.  

        (a)    Legal
Requirements.    Shares shall not be issued pursuant to the exercise of an Option or Stock Purchase Right unless the
exercise of such Option or Stock Purchase Right and the issuance and delivery of such Shares pursuant thereto shall comply with all relevant provisions of law, including, without limitation, the
Securities Act of 1933, as amended, the Exchange Act, 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. 

        (b)    Investment
Representations.    As a condition to the exercise of an Option or Stock Purchase Right, the Committee may require the
person exercising such Option or Stock Purchase Right 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 relevant provisions of law. 

        (c)    Regulatory
Approval.    The inability of the Company to obtain authority from any regulatory body having jurisdiction, which
authority is deemed by the Company's counsel to be necessary to the lawful issuance and sale of any Shares hereunder, shall relieve the Company of any liability in respect of the failure to issue or
sell such Shares as to which such requisite authority shall not have been obtained. 

SECTION 17. NO EMPLOYMENT RIGHTS.  

No
provision of the Plan, nor any Option or Stock Purchase Right granted under the Plan shall confer upon any Optionee, Stock Purchaser Right Holder or Purchaser any right with respect to continuation
of employment or consulting relationship with the Company, nor shall it interfere in any way with his right or the Company's right to terminate his employment or consulting relationship at any time,
with or without cause. 

SECTION 18. SHAREHOLDER APPROVAL.  

Continuance
of the Plan shall be subject to approval by the shareholders of the Company within twelve (12) months before or after the date the Plan is adopted. Such shareholder approval shall
be obtained in the degree and manner required under applicable state and federal law and the rules of any stock exchange upon which the Common Stock is listed. 

SECTION 19. INFORMATION TO HOLDER AND PURCHASERS.  

The
Company shall provide to each Holder and Purchaser, during the period for which such Holder has one or more Options or Stock Purchase Rights outstanding, and in the case of a Purchaser, during the
period such individual owns such Shares, annual financial 

12

 

statements
of the Company. The Company shall not be required to provide such information if the issuance of Options under the Plan is limited to key employees whose duties in connection with the
Company assure their access to equivalent information. 

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TECHWELL, INC.
  2001 STOCK PLAN
  
    STOCK OPTION AGREEMENT    
    

        Techwell, Inc. (the "Company") hereby grants an option to purchase Shares of its Common Stock to the optionee named below on the terms and conditions set
forth in this cover sheet, the Company's 2001 Stock Plan, and Exhibit A attached hereto (together, the "Stock Option Agreement"): 

	Grant Number:	 	«Grant_No»
	

Date of Grant	
 	

«Grant_Date»
	

Vesting Commencement Date	
 	

«VCD»
	

Exercise Price Per Share	
 	

US«Price»
	

Total Number of Shares Granted	
 	

«Shares»
	

Type of Option	
 	

__  Incentive Stock Option
	

 	
 	

__  Nonqualified Stock Option
	

Expiration Date	
 	

«Term_Date»

Exercise Schedule: 

        The
option granted hereunder may be exercised, in whole or in part, based on the vesting schedule as set forth below. 

        Twenty-five
percent (25%) of the shares subject to the option shall vest in the holder thereof on the one year anniversary of the Vesting Commencement Date and an additional
1/48th of the shares subject to the option shall vest in the holder thereof at the end of each full month thereafter. 

        By signing this cover sheet, you agree that this Stock Option Agreement is subject to the terms and conditions of this cover sheet, the 2001 Stock Plan and
Exhibit A, which is attached hereto and made a part of this document.

	OPTIONEE:	 	Techwell, Inc.

a California corporation
	

    
 «Optionee»	
 	

By	

    
 Fumihiro Kozato, President

 
 

EXHIBIT A
  
    STOCK OPTION AGREEMENT    
    

Type of Option  

The
type of option which you have been granted is designated on the cover sheet. If designated as an Incentive Stock Option, this option is intended to be an incentive stock option under
section 422 of the Internal Revenue Code and will be interpreted accordingly. 

Vesting  

You
may exercise this Option during its term in accordance with the exercise schedule set out in the cover sheet and the applicable provisions of the Plan and this Stock Option Agreement. In the event
of your death, disability or other termination of employment or consulting relationship, the exercisability of the Option is governed by the applicable provisions of the Plan and this Stock Option
Agreement. 

Term  

Your
option may be exercised only within the term set out in the cover sheet, and may be exercised during such term only in accordance with the Plan and this Stock Option Agreement. In any event,
your Option will expire on the day before the 10th anniversary of the Date of Grant, as shown on the cover sheet. It will expire earlier if your Company service terminates, as described below. 

Regular Termination  

In
the event of the termination of your consulting relationship or Continuous Status as an Employee for any reason other than death or disability, you may, to the extent otherwise so entitled at the
date of such termination, exercise this Option within 90 days after your termination. To the extent that you were not entitled to exercise this Option at the date of such termination, or if you
do not exercise your Option within the 90 day period specified above, your Option will terminate. 

Death  

In
the event of your death, the Option may be exercised at any time within twelve (12) months following the date of death by your estate or by a person who acquired the right to exercise the
Option by bequest or inheritance, but only to the extent that you could exercise the Option at the date of death. 

 

Disability  

If
your service with the Company (or any Subsidiary) terminates because of your disability, you may, but only within six (6) months from the date of termination of employment, exercise the
Option to the extent otherwise so entitled at the date of such termination. 

Restrictions on Exercise  

The
Company will not permit you to exercise this option if the issuance of Shares at that time would violate any law or regulation. 

Notice of Exercise  

When
you wish to exercise this option, you must notify the Company by filing the proper "Notice of Exercise" form (attached hereto as Exhibit C) at the address given on the form. Your notice
must specify how many Shares you wish to purchase. Your notice must also specify how your Shares should be registered (in your name only or in your and your spouse's names as community property or as
joint tenants with right of survivorship). The notice will be effective when it is received by the Company. If someone else wants to exercise this option after your death, that person must prove to
the Company's satisfaction that he or she is entitled to do so. 

Form of Payment  

Your
Notice of Exercise must be accompanied by payment of the aggregate purchase price as to all Shares you wish to purchase. Payment of the purchase price shall be by cash or personal check. 

Withholding Taxes  

You
will not be allowed to exercise this option unless you make acceptable arrangements to pay any withholding or other taxes that may be due as a result of the option exercise or the sale of shares
acquired upon exercise of this option and the sale of the shares. 

Representations  

If
the Shares you intend to purchase have not been registered under the Securities Act of 1933, as amended, at the time this Option is exercised, the Company may require you to (i) deliver to
the Company your Investment Representation Statement (attached as Exhibit B), which may contain, among other things, an agreement to refrain from sales of the Shares for up to 180 days
immediately following an underwritten initial public offering), and (ii) read the applicable rules of the Commissioner of Corporations attached to such Investment Representation Statement. 

2

 

Right of First Refusal  

In
the event that you propose to sell, pledge or otherwise transfer to a third party any Shares acquired under this Stock Option Agreement, or any interest in such Shares, the Company shall have the
"Right of First Refusal" with respect to all (and not less than all) of such Shares. If you desire to transfer Shares acquired under this Agreement, you must give a written notice to the Company
describing fully the proposed transfer, including the number of Shares proposed to be transferred, the proposed transfer price and the name and address of the proposed transferee. The Company shall
have the right to purchase all, and not less than all, of the Shares on the terms of the proposal described in the notice by delivery of a notice of exercise of the Right of First Refusal within
30 days after the date when the notice was received by the Company. 

If
the Company fails to exercise its Right of First Refusal within 30 days after the date when it received the notice, you may, not later than three (3) months following receipt of the
notice by the Company, conclude a transfer of the Shares on the terms and conditions described in the notice. If the Company exercises its Right of First Refusal, the parties shall consummate the sale
of the Shares within 30 days after the date when the Company received the notice. The Company's Right of First Refusal shall terminate in the event that Stock is listed on an established stock
exchange or is quoted regularly on the Nasdaq National Market. 

Transfer of Option  

Prior
to your death, only you may exercise this option. You cannot transfer or assign this option. For instance, you may not sell this option or use it as security for a loan. If you attempt to do any
of these things, this option will immediately become invalid. You may, however, dispose of this option in your will. 

Regardless
of any marital property settlement agreement, the Company is not obligated to honor a notice of exercise from your spouse or former spouse, nor is the Company obligated to recognize such
individual's interest in your option in any other way. 

No Employment Rights  

Your
option or this Agreement does not give you the right to be retained by the Company (or any subsidiaries) in any capacity. The Company (and any subsidiaries) reserves the right to terminate your
service at any time and for any reason. 

Shareholder Rights  

You,
or your estate or heirs, have no rights as a shareholder of the Company until a certificate for your option Shares has been issued. No adjustments are made for dividends or other rights if the
applicable record date occurs before your stock certificate is issued, except as described in the Plan. 

3

 

Adjustments  

In
the event of a stock split, a stock dividend or a similar change in the Company stock, the number of Shares covered by this option and the exercise price per share may be adjusted pursuant to the
Plan. In the event of the proposed dissolution or liquidation of the Company, or of a merger in which the successor corporation does not agree to assume the Option or Stock Purchase Right or
substitute an equivalent Option or Stock Purchase Right, the Board shall notify Optionees and Purchasers at least thirty (30) days prior to such proposed action. To the extent it has not been
previously exercised, the Option or Stock Purchase Right will terminate immediately prior to the consummation of such proposed action. 

Legends  

All
certificates representing the Shares issued upon exercise of this option shall, where applicable, have endorsed thereon the following legends: 

"THE
SHARES REPRESENTED BY THIS CERTIFICATE ARE SUBJECT TO CERTAIN RESTRICTIONS ON TRANSFER AND OPTIONS TO PURCHASE SUCH SHARES SET FORTH IN AN AGREEMENT BETWEEN THE COMPANY AND THE REGISTERED HOLDER,
OR HIS OR HER PREDECESSOR IN INTEREST. A COPY OF SUCH AGREEMENT IS ON FILE AT THE PRINCIPAL OFFICE OF THE COMPANY AND WILL BE FURNISHED UPON WRITTEN REQUEST TO THE SECRETARY OF THE COMPANY BY THE
HOLDER OF RECORD OF THE SHARES REPRESENTED BY THIS CERTIFICATE." 

"THE
SHARES REPRESENTED HEREBY HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED, AND MAY NOT BE SOLD, PLEDGED, OR OTHERWISE TRANSFERRED WITHOUT AN EFFECTIVE REGISTRATION THEREOF
UNDER SUCH ACT OR AN OPINION OF COUNSEL, SATISFACTORY TO THE COMPANY AND ITS COUNSEL, THAT SUCH REGISTRATION IS NOT REQUIRED." 

Applicable Law  

This
Agreement will be interpreted and enforced under the laws of the State of California. 

4

 

The Plan and Other Agreements  

The
text of the Plan is incorporated in this Stock Option Agreement by reference. Certain capitalized terms used in this Agreement are defined in the Plan. 

This
Stock Option Agreement and the Plan constitute the entire understanding between you and the Company regarding this option. Any prior agreements, commitments or negotiations concerning this option
are superseded. 

By signing the cover sheet of this Agreement, you agree to all of the terms and conditions described above and in the Plan.

5

 
 

EXHIBIT B
  
    INVESTMENT REPRESENTATION STATEMENT    
    

	OPTIONEE	:	 	«Optionee»	 	 
	

COMPANY	

:	
 	

TECHWELL, INC.	
 	

 
	

SECURITY	

:	
 	

COMMON STOCK	
 	

 
	

AMOUNT	

:	
 	

 	
 	

 
	

DATE	

:	
 	

 	
 	

 

In
connection with the purchase of the above-listed Securities, the undersigned Optionee represents to the Company the following: 

        (a)   Optionee
is aware of the Company's business affairs and financial condition and has acquired sufficient information about the Company to reach an informed and
knowledgeable decision to acquire the securities. Optionee is acquiring these securities for investment for Optionee's own account only and not with a view to, or for resale in connection with, any
"distribution" thereof within the meaning of the Securities Act of 1933, as amended (the "Securities Act"). 

        (b)   Optionee
acknowledges and understands that the securities constitute "restricted securities" under the Securities Act and have not been registered under the Securities
Act in reliance upon a specific exemption therefrom, which exemption depends upon, among other things, the bona fide nature of Optionee's investment intent as expressed herein. In this connection,
Optionee understands that, in the view of the Securities and Exchange Commission, the statutory basis for such exemption may be unavailable if Optionee's representation was predicated solely upon a
present intention to hold these Securities for the minimum capital gains period specified under tax statutes, for a deferred sale, for or until an increase or decrease in the market price of the
Securities, or for a period of one year or any other fixed period in the future. Optionee further understands that the Securities must be held indefinitely unless they are subsequently registered
under the Securities Act or an exemption from such registration is available. Optionee further acknowledges and understands that the Company is under no obligation to register the securities. Optionee
understands that the certificate evidencing the securities will be imprinted with a legend which prohibits the transfer of the Securities unless they are registered or such registration is not
required in the opinion of counsel satisfactory to the Company, a legend prohibiting their transfer without the consent of the Commissioner of Corporations of the State of California and any other
legend required under applicable state securities laws. 

 

        (c)   Optionee
is familiar with the provisions of Rule 701 and Rule 144, each promulgated under the Securities Act, which, in substance, permit limited public
resale of "restricted securities" acquired, directly or indirectly from the issuer thereof, in a non-public offering subject to the satisfaction of certain conditions. Rule 701
provides that if the issuer qualifies under Rule 701 at the time of exercise of the Option by the Optionee, such exercise will be exempt from registration under the Securities Act. In the event
the Company later becomes subject to the reporting requirements of Section 13 or 15(d) of the Securities Exchange Act of 1934, ninety (90) days thereafter the securities exempt under
Rule 701 may be resold, subject to the satisfaction of certain of the conditions specified by Rule 144, including among other things: (1) the sale being made through a broker in
an unsolicited "broker's transaction" or in transactions directly with a market maker (as said term is defined under the Securities Exchange Act of 1934); and, in the case of an affiliate,
(2) the availability of certain public information about the Company, and the amount of securities being sold during any three month period not exceeding the limitations specified in
Rule 144(e), if applicable. 

        In
the event that the Company does not qualify under Rule 701 at the time of exercise of the Option, then the securities may be resold in certain limited circumstances subject to
the provisions of Rule 144, which requires among other things: (1) the resale occurring not less than one year after the party has purchased, and made full payment for, within the
meaning of Rule 144, the securities to be sold; and, in the case of an affiliate, or of a non-affiliate who has held the securities less than two years, (2) the availability
of certain public information about the Company, (3) the sale being made through a broker in an unsolicited "broker's transaction" or in transactions directly with a market
maker (as said term is defined under the Securities Exchange Act of 1934), and (4) the amount of securities being sold during any three month period not exceeding the specified limitations
stated therein, if applicable. 

        (d)   Optionee
agrees, in connection with the Company's initial underwritten public offering of the Company's securities, (1) not to sell, make short sale of, loan,
grant any options for the purchase of, or otherwise dispose of any shares of Common Stock of the Company held by Optionee (other than those shares included in the registration) without the prior
written consent of the Company or the underwriters managing such initial underwritten public offering of the Company's securities for one hundred eighty (180) days from the effective date of
such registration, and (2) further agrees to execute any agreement reflecting (1) above as may be requested by the underwriters at the time of the public offering; provided
however that the officers and directors of the Company who own stock in the Company also agree to such restrictions. 

        (e)   Optionee
further understands that in the event all of the applicable requirements of Rule 701 or 144 are not satisfied, registration under the Securities Act,
compliance with Regulation A, or some other registration exemption will be required; and that, notwithstanding the fact that Rules 144 and 701 are not exclusive, the Staff of the
Securities and Exchange Commission has expressed its opinion that persons proposing to sell private placement securities other than in a registered offering and otherwise than pursuant to
Rules 144 or 701 will have a substantial burden of proof in establishing that an exemption from 

2

 

registration
is available for such offers or sales, and that such persons and their respective brokers who participate in such transactions do so at their own risk. Optionee understands that no
assurances can be given that any such other registration exemption will be available in such event. 

        (f)    Optionee
understands that the certificate evidencing the Securities will be imprinted with a legend which prohibits the transfer of the Securities without the consent of
the Commissioner of Corporations of California. Optionee has read the applicable Commissioner's Rules with respect to such restriction, a copy of which is attached. 

	 	 	Signature of Optionee:
	

 	
 	

	

 	
 	

Date:                         ,     

3

 
 

EXHIBIT C
  
    NOTICE OF EXERCISE    
    

Techwell, Inc.

408 E. Plumeria

San Jose, CA 95134

Attention: Chief Financial Officer 

        1.    Exercise
of Option.    Effective as of today,                         ,
            , the undersigned ("Optionee") hereby elects to exercise Optionee's option to purchase
                         shares of the Common Stock (the "Shares") of Techwell, Inc. (the "Company") under and
pursuant to the 2001 Stock Plan, as amended (the "Plan") and
the [      ] Incentive [      ] Nonstatutory Stock Option Agreement dated
                         (the
"Option Agreement"). 

        2.    Representations
of Optionee.    Optionee acknowledges that Optionee has received, read and understood the Plan and the Option
Agreement and agrees to abide by and be bound by their terms and conditions. 

        3.    Rights
as Shareholder.    Until the stock certificate evidencing such Shares is issued (as evidenced by the appropriate entry on
the books of the Company or of a duly authorized transfer agent of the Company), no right to vote or receive dividends or any other rights as a shareholder shall exist with respect to the optioned
Shares, notwithstanding the exercise of the Option. The Company shall issue (or cause to be issued) such stock certificate promptly after the Option is exercised. No adjustment will be made for a
dividend or other right for which the record date is prior to the date the stock certificate is issued, except as provided in Section 12 of the Plan. Thereafter, Optionee shall enjoy rights as
a shareholder until such time as Optionee disposes of the Shares. 

        4.    Company's
Right of First Refusal.    Optionee understands and acknowledges that the Shares are subject to certain right of first
refusal provisions under the terms of the Plan and Option Agreement. 

        5.    Tax
Consultation.    Optionee understands that Optionee may suffer adverse tax consequences as a result of Optionee's purchase or
disposition of the Shares. Optionee represents that Optionee has consulted with any tax consultants Optionee deems advisable in connection with the purchase or disposition of the Shares and that
Optionee is not relying on the Company for any tax advice. 

 

        6.    Restrictive
Legends and Stop-Transfer Orders.    

        (A)    Legends.    Optionee
understands and agrees that the Company shall cause the legends set forth below or legends substantially
equivalent thereto, to be placed upon any certificate(s) evidencing ownership of the Shares together with any other legends that may be required by state or federal securities laws: 

THE
SHARES EVIDENCED BY THIS CERTIFICATE HAVE BEEN ACQUIRED FOR INVESTMENT AND HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED. SUCH SHARES MAY NOT BE SOLD OR TRANSFERRED IN THE
ABSENCE OF SUCH REGISTRATION OR AN EXEMPTION THEREFROM UNDER SAID ACT. COPIES OF THE AGREEMENT COVERING THE PURCHASE OF THESE SHARES AND RESTRICTING THEIR TRANSFER MAY BE OBTAINED AT NO COST BY
WRITTEN REQUEST MADE BY THE HOLDER OF RECORD OF THIS CERTIFICATE TO THE SECRETARY OF THE CORPORATION AT THE PRINCIPAL EXECUTIVE OFFICES OF THE CORPORATION. 

        (B)    Stop-Transfer
Notices.    Optionee agrees that, in order to ensure compliance with the restrictions referred to
herein, the Company may issue appropriate "stop transfer" instructions to its transfer agent, if any, and that, if the Company transfers its own securities, it may make appropriate notations to the
same effect in its own records. 

        (C)    Refusal
to Transfer.    The Company shall not be required (i) to transfer on its books any Shares that have been sold or
otherwise transferred in violation of any of the provisions of this Agreement or (ii) to treat as owner of such Shares or to accord the right to vote or pay dividends to any purchaser or other
transferee to whom such Shares shall have been so transferred. 

        7.    Successors
and Assigns.    The Company may assign any of its rights under this Agreement to single or multiple assignees, and this
Agreement shall inure to the benefit of the successors and assigns of the Company. Subject to the restrictions on transfer herein set forth, this Agreement shall be binding upon Optionee and his or
her heirs, executors, administrators, successors and assigns. 

        8.    Interpretation.    Any
dispute regarding the interpretation of this Agreement shall be submitted by Optionee or by the Company
forthwith to the Company's Board of Directors or the committee thereof that administers the Plan, which shall review such dispute at its next regular meeting. The resolution of such a dispute by the
Board or committee shall be final and binding on the Company and on Optionee. 

2

 

        9.    Governing
Law; Severability.    This Agreement shall be governed by and construed in accordance with the laws of the State of
California excluding that body of law pertaining to conflicts of law. Should any provision of this Agreement be determined by a court of law to be illegal or unenforceable, the other provisions shall
nevertheless remain effective and shall remain enforceable. 

        10.    Notices.    Any
notice required or permitted hereunder shall be given in writing and shall be deemed effectively given upon
personal delivery or upon deposit in the United States mail by certified mail, with postage and fees prepaid, addressed to the other party at its address as shown below beneath its signature, or to
such other address as such party may designate in writing from time to time to the other party. 

        11.    Further
Instruments.    The parties agree to execute such further instruments and to take such further action as may be reasonably
necessary to carry out the purposes and intent of this Agreement. 

        12.    Delivery
of Payment.    Optionee herewith delivers to the Company the full Exercise Price for the Shares. 

        13.    Entire
Agreement.    The Plan and Notice of Grant/Option Agreement are incorporated herein by reference. This Agreement, the Plan,
the Option Agreement and the Investment Representation Statement constitute the entire agreement of the parties and supersede in their entirety all prior undertakings and agreements of the Company and
Optionee with respect to the subject matter hereof, and is governed by California law except for that body of law pertaining to conflict of laws. 

	Submitted by:	 	Accepted by:
	

OPTIONEE:	
 	

TECHWELL, INC.,

a California corporation
	«Optionee»	 	 	 
	 	 	By:	    

	

    
	
 	

Its:	

    

	

  
(address)	
 	

  
 (address)
	

    
	
 	

    

3

 
 

TECHWELL, INC.
  
    2001 STOCK PLAN
  
    STOCK OPTION AGREEMENT - EARLY EXERCISE

        Techwell, Inc.
(the "Company") hereby grants an option to purchase Shares of its Common Stock to the optionee named below on the terms and conditions set forth in this cover
sheet, the Company's 2001 Stock Plan, and all exhibits attached hereto (together, the "Stock Option Agreement"): 

	Grant Number:	«Grant_No»
	

Date of Grant	

«Grant_Date»
	

Vesting Commencement Date	

«VCD»
	

Exercise Price Per Share	

US «Price»
	

Total Number of Shares Granted	

«Shares»
	

Type of Option	

__  Incentive Stock Option
	

 	

__  Nonqualified Stock Option
	

Expiration Date	

«Term_Date»

Exercise
and Vesting Schedule: 

        The
option granted hereunder may be exercised, in whole or in part, based on the vesting schedule as set forth below. 

        Twenty-Five
percent (25%) of the shares subject to the option shall vest in the holder thereof on the one year anniversary of the Vesting Commencement Date and an additional
one-forty-eighth (1/48) of the shares subject to the option shall vest in the holder thereof at the end of each full month thereafter. 

        By signing this cover sheet, you agree that this Stock Option Agreement is subject to the terms and conditions of this cover sheet, the 2001 Stock Plan and
Exhibits A-D, which are attached hereto and made a part of this document.

	OPTIONEE:	 	TECHWELL, INC.

a California corporation
	

    
 «Optionee»	
 	

By	

    
 Fumihiro Kozato, President

 
 

EXHIBIT A
  
    STOCK OPTION AGREEMENT    
    

Type of Option  

The
type of option which you have been granted is designated on the cover sheet. If designated as an Incentive Stock Option, this option is intended to be an incentive stock option under
section 422 of the Internal Revenue Code (the "Code") and will be interpreted accordingly. 

Vesting  

You
may exercise this Option during its term in accordance with the exercise schedule set out in the cover sheet and the applicable provisions of the Plan and this Stock Option Agreement. In the event
of your death, disability or other termination of employment or consulting relationship, the exercisability of the Option is governed by the applicable provisions of the Plan and this Stock Option
Agreement. 

Early Exercise with Restricted Stock Purchase Agreement  

Notwithstanding
the vesting schedule described in the coversheet or the provisions of the foregoing paragraph, you may exercise this Option during its term at any time as to shares that have not
vested (the "Unvested Shares"), provided that at the time of such exercise you deliver to the Company, in addition to the other exercise documentation required hereby, an executed copy of the
Restricted Stock Purchase Agreement attached as Exhibit D, along with its attachments, as applicable (the "Restricted Stock Agreement"), whereby, among other things, you agree to grant to the
Company certain repurchase rights, at cost, with respect to the Unvested Shares, as more fully set forth therein, which repurchase rights shall lapse over time with respect to the Unvested Shares in
accordance with the vesting schedule set forth on the coversheet (an "Early Exercise with Repurchase Agreement"). 

Term  

Your
option may be exercised only within the term set out in the cover sheet, and may be exercised during such term only in accordance with the Plan and this Stock Option Agreement. In any event, your
Option will expire on the day before the 10th anniversary of the Date of Grant, as shown on the cover sheet. It will expire earlier if your Company service terminates, as described below. 

 

Regular Termination  

In
the event of the termination of your consulting relationship or Continuous Status as an Employee for any reason other than death or disability, you may, to the extent otherwise so entitled at the
date of such termination, exercise this Option within 90 days after your termination. To the extent that you were not entitled to exercise this Option at the date of such termination, or if you
do not exercise your Option within the 90 day period specified above, your Option will terminate. 

Death  

In
the event of your death, the Option may be exercised at any time within twelve (12) months following the date of death by your estate or by a person who acquired the right to exercise the
Option by bequest or inheritance, but only to the extent that you could exercise the Option at the date of death. 

Disability  

If
your service with the Company (or any Subsidiary) terminates because of your disability, you may, but only within six (6) months from the date of termination of employment, exercise the
Option to the extent otherwise so entitled at the date of such termination. 

Restrictions on Exercise  

The
Company will not permit you to exercise this Option if the issuance of Shares at that time would violate any law or regulation. 

Notice of Exercise  

When
you wish to exercise this Option, you must notify the Company by filing the proper "Notice of Exercise" form (attached hereto as Exhibit C) at the address given on the form. Your notice
must specify how many Shares you wish to purchase. Your notice must also specify how your Shares should be registered (in your name only or in your and your spouse's names as community property or as
joint tenants with right of survivorship). The notice will be effective when it is received by the Company. If someone else wants to exercise this Option after your death, that person must prove to
the Company's satisfaction that he or she is entitled to do so. In the event of an Early Exercise with Repurchase Agreement, you must also execute and deliver the Restricted Stock Purchase Agreement
in the form attached hereto as Exhibit D, along with Exhibits D-2, D-3 and D-4. 

2

 

Form of Payment  

Your
Notice of Exercise must be accompanied by payment of the aggregate purchase price as to all Shares you wish to purchase. Payment of the purchase price shall be by cash or personal check.
Notwithstanding the foregoing, if you are an Employee making an Early Exercise with Repurchase Agreement, and if permitted by the Company, the exercise price may, at your election, be paid in cash, or
by way of promissory note (in the form attached as Exhibit D-6), or any combination thereof. 

Tax Matters; Withholding  

The
Company cannot possibly summarize or advise you regarding all of the detailed potential tax implications that may arise in connection with an exercise of this option or the sale of the shares.
Accordingly, you are strongly advised to consult a tax advisor before exercising this Option or disposing of the shares. You will not be allowed to exercise this Option unless you make acceptable
arrangements to pay any withholding or other taxes that may be due as a result of the Option exercise or the sale of shares acquired upon exercise of this Option and the sale of the shares. 

Representations  

If
the Shares you intend to purchase have not been registered under the Securities Act of 1933, as amended, at the time this Option is exercised, the Company may require you to (i) deliver to
the Company your Investment Representation Statement (attached as Exhibit B), which may contain, among other things, an agreement to refrain from sales of the Shares for up to 180 days
immediately following an underwritten initial public offering, and (ii) read the applicable rules of the Commissioner of Corporations attached to such Investment Representation Statement, if
applicable. 

Right of First Refusal  

In
the event that you propose to sell, pledge or otherwise transfer to a third party any Shares acquired under this Stock Option Agreement, or any interest in such Shares, the Company shall have the
"Right of First Refusal" with respect to all (and not less than all) of such Shares. If you desire to transfer Shares acquired under this Agreement, you must give a written notice to the Company
describing fully the proposed transfer, including the number of Shares proposed to be transferred, the proposed transfer price and the name and address of the proposed transferee. The Company shall
have the right to purchase all, and not less than all, of the Shares on the terms of the proposal described in the notice by delivery of a notice of exercise of the Right of First Refusal within
30 days after the date when the notice was received by the Company. 

3

 

If
the Company fails to exercise its Right of First Refusal within 30 days after the date when it received the notice, you may, not later than three (3) months following receipt of the
notice by the Company, conclude a transfer of the Shares on the terms and conditions described in the notice. If the Company exercises its Right of First Refusal, the parties shall consummate the sale
of the Shares within 30 days after the date when the Company received the notice. The Company's Right of First Refusal shall terminate in the event that Stock is listed on an established stock
exchange or is quoted regularly on the NASDAQ National Market. 

Transfer of Option  

Prior
to your death, only you may exercise this Option. You cannot transfer or assign this Option. For instance, you may not sell this Option or use it as security for a loan. If you attempt to do any
of these things, this option will immediately become invalid. You may, however, dispose of this option in your will. 

Regardless
of any marital property settlement agreement, the Company is not obligated to honor a notice of exercise from your spouse or former spouse, nor is the Company obligated to recognize such
individual's interest in your Option in any other way. 

No Employment Rights  

Your
Option or this Agreement does not give you the right to be retained by the Company (or any subsidiaries) in any capacity. The Company (and any subsidiaries) reserves the right to terminate your
service at any time and for any reason. 

Shareholder Rights  

You,
or your estate or heirs, have no rights as a shareholder of the Company until a certificate for your option Shares has been issued. No adjustments are made for dividends or other rights if the
applicable record date occurs before your stock certificate is issued, except as described in the Plan. 

Adjustments  

In
the event of a stock split, a stock dividend or a similar change in the Company stock, the number of Shares covered by this Option and the exercise price per share may be adjusted pursuant to the
Plan. In the event of the proposed dissolution or liquidation of the Company, or of a merger in which the successor corporation does not agree to assume the Option or Stock Purchase Right or
substitute an equivalent Option or Stock Purchase Right, the Board shall notify Optionees and Purchasers at least thirty (30) days prior to such proposed action. To the extent it has not been
previously exercised, the Option or Stock Purchase Right will terminate immediately prior to the consummation of such proposed action. 

4

 

Legends  

All
certificates representing the Shares issued upon exercise of this Option shall, where applicable, have endorsed thereon the following legends: 

"THE
SHARES REPRESENTED BY THIS CERTIFICATE ARE SUBJECT TO CERTAIN RESTRICTIONS ON TRANSFER AND OPTIONS TO PURCHASE SUCH SHARES SET FORTH IN AN AGREEMENT BETWEEN THE COMPANY AND THE REGISTERED HOLDER,
OR HIS OR HER PREDECESSOR IN INTEREST. A COPY OF SUCH AGREEMENT IS ON FILE AT THE PRINCIPAL OFFICE OF THE COMPANY AND WILL BE FURNISHED UPON WRITTEN REQUEST TO THE SECRETARY OF THE COMPANY BY THE
HOLDER OF RECORD OF THE SHARES REPRESENTED BY THIS CERTIFICATE." 

"THE
SHARES REPRESENTED HEREBY HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED, AND MAY NOT BE SOLD, PLEDGED, OR OTHERWISE TRANSFERRED WITHOUT AN EFFECTIVE REGISTRATION THEREOF
UNDER SUCH ACT OR AN OPINION OF COUNSEL, SATISFACTORY TO THE COMPANY AND ITS COUNSEL, THAT SUCH REGISTRATION IS NOT REQUIRED." 

Applicable Law  

This
Agreement will be interpreted and enforced under the laws of the State of California. 

The Plan and Other Agreements  

The
text of the Plan is incorporated in this Stock Option Agreement by reference. Certain capitalized terms used in this Agreement are defined in the Plan. 

This
Stock Option Agreement (along with all exhibits and attachments) and the Plan constitute the entire understanding between you and the Company regarding this Option. Any prior agreements,
commitments or negotiations concerning this Option are superseded. 

By signing the cover sheet of this Agreement, you agree to all of the terms and conditions described above and in the Plan.

5

 
 

EXHIBIT B
  
    INVESTMENT REPRESENTATION STATEMENT    
    

	OPTIONEE	:	 	«Optionee»	 	 
	

COMPANY	

:	
 	

TECHWELL, INC.	
 	

 
	

SECURITY	

:	
 	

COMMON STOCK	
 	

 
	

AMOUNT	

:	
 	

 	
 	

 
	

DATE	

:	
 	

 	
 	

 

In
connection with the purchase of the above-listed Securities, the undersigned Optionee represents to the Company the following: 

        (a)   Optionee
is aware of the Company's business affairs and financial condition and has acquired sufficient information about the Company to reach an informed and
knowledgeable decision to acquire the securities. Optionee is acquiring these securities for investment for Optionee's own account only and not with a view to, or for resale in connection with, any
"distribution" thereof within the meaning of the Securities Act of 1933, as amended (the "Securities Act"). 

        (b)   Optionee
acknowledges and understands that the securities constitute "restricted securities" under the Securities Act and have not been registered under the Securities
Act in reliance upon a specific exemption therefrom, which exemption depends upon, among other things, the bona fide nature of Optionee's investment intent as expressed herein. In this connection,
Optionee understands that, in the view of the Securities and Exchange Commission, the statutory basis for such exemption may be unavailable if Optionee's representation was predicated solely upon a
present intention to hold these Securities for the minimum capital gains period specified under tax statutes, for a deferred sale, for or until an increase or decrease in the market price of the
Securities, or for a period of one year or any other fixed period in the future. Optionee further understands that the Securities must be held indefinitely unless they are subsequently registered
under the Securities Act or an exemption from such registration is available. Optionee further acknowledges and understands that the Company is under no obligation to register the securities. Optionee
understands that the certificate evidencing the securities will be imprinted with a legend which prohibits the transfer of the Securities unless they are registered or such registration is not
required in the opinion of counsel satisfactory to the 

 

Company,
a legend prohibiting their transfer without the consent of the Commissioner of Corporations of the State of California and any other legend required under applicable state securities laws. 

        (c)   Optionee
is familiar with the provisions of Rule 701 and Rule 144, each promulgated under the Securities Act, which, in substance, permit limited public
resale of "restricted securities" acquired, directly or indirectly from the issuer thereof, in a non-public offering subject to the satisfaction of certain conditions. Rule 701
provides that if the issuer qualifies under Rule 701 at the time of exercise of the Option by the Optionee, such exercise will be exempt from registration under the Securities Act. In the event
the Company later becomes subject to the reporting requirements of Section 13 or 15(d) of the Securities Exchange Act of 1934, ninety (90) days thereafter the securities exempt under
Rule 701 may be resold, subject to the satisfaction of certain of the conditions specified by Rule 144, including among other things: (1) the sale being made through a broker in
an unsolicited "broker's transaction" or in transactions directly with a market maker (as said term is defined under the Securities Exchange Act of 1934); and, in the case of an affiliate,
(2) the availability of certain public information about the Company, and the amount of securities being sold during any three month period not exceeding the limitations specified in
Rule 144(e), if applicable. 

        In
the event that the Company does not qualify under Rule 701 at the time of exercise of the Option, then the securities may be resold in certain limited circumstances subject to
the provisions of Rule 144, which requires among other things: (1) the resale occurring not less than one year after the party has purchased, and made full payment for, within the
meaning of Rule 144, the securities to be sold; and, in
the case of an affiliate, or of a non-affiliate who has held the securities less than two years, (2) the availability of certain public information about the Company, (3) the
sale being made through a broker in an unsolicited "broker's transaction" or in transactions directly with a market maker (as said term is defined under the Securities Exchange Act of 1934), and
(4) the amount of securities being sold during any three month period not exceeding the specified limitations stated therein, if applicable. 

        (d)   Optionee
agrees, in connection with the Company's initial underwritten public offering of the Company's securities, (1) not to sell, make short sale of, loan,
grant any options for the purchase of, or otherwise dispose of any shares of Common Stock of the Company held by Optionee (other than those shares included in the registration) without the prior
written consent of the Company or the underwriters managing such initial underwritten public offering of the Company's securities for one hundred eighty (180) days from the effective date of
such registration, and (2) further agrees to execute any agreement reflecting (1) above as may be requested by the underwriters at the time of the public offering; provided
however that the officers and directors of the Company who own stock in the Company also agree to such restrictions. 

2

 

        (e)   Optionee
further understands that in the event all of the applicable requirements of Rule 701 or 144 are not satisfied, registration under the Securities Act,
compliance with Regulation A, or some other registration exemption will be required; and that, notwithstanding the fact that Rules 144 and 701 are not exclusive, the Staff of the
Securities and Exchange Commission has expressed its opinion that persons proposing to sell private placement securities other than in a registered offering and otherwise than pursuant to
Rules 144 or 701 will have a substantial burden of proof in establishing that an exemption from registration is available for such offers or sales, and that such persons and their respective
brokers who participate in such transactions do so at their own risk. Optionee understands that no assurances can be given that any such other registration exemption will be available in such event. 

        (f)    Optionee
understands that the certificate evidencing the Securities will be imprinted with a legend which prohibits the transfer of the Securities without the consent of
the Commissioner of Corporations of California. Optionee has read the applicable Commissioner's Rules with respect to such restriction, a copy of which is attached. 

	 	 	Signature of Optionee:
	

 	
 	

	

 	
 	

Date:                         ,         

3

 
 

EXHIBIT C
  
    NOTICE OF EXERCISE    
    

TECHWELL, INC.

631 River Oaks Parkway

San Jose, CA 95134

Attention: Chief Financial Officer 

        1.    Exercise
of Option.    Effective as of today,                         ,
20    , the undersigned ("Optionee") hereby elects to exercise Optionee's option to purchase
                         shares of the Common Stock (the "Shares") of TECHWELL, INC. (the "Company") under and
pursuant to the 2001 Stock Plan (the "Plan") and the
[    ] Incentive [    ] Nonstatutory Stock Option Agreement dated «Grant_Date» (the "Option
Agreement"). 

        2.    Representations
of Optionee.    Optionee acknowledges that Optionee has received, read and understood the Plan and the Option
Agreement and agrees to abide by and be bound by their terms and conditions. 

        3.    Rights
as Shareholder.    Until the stock certificate evidencing such Shares is issued (as evidenced by the appropriate entry on
the books of the Company or of a duly authorized transfer agent of the Company), no right to vote or receive dividends or any other rights as a shareholder shall exist with respect to the optioned
Shares, notwithstanding the exercise of the Option. The Company shall issue (or cause to be issued) such stock certificate promptly after the Option is exercised. No adjustment will be made for a
dividend or other right for which the record date is prior to the date the stock certificate is issued, except as provided in Section 12 of the Plan. Thereafter, Optionee shall enjoy rights as
a shareholder until such time as Optionee disposes of the Shares. 

        4.    Company's
Right of First Refusal.    Optionee understands and acknowledges that the Shares are subject to certain right of first
refusal provisions under the terms of the Plan and Option Agreement. 

        5.    Tax
Consultation.    Optionee understands that Optionee may suffer adverse tax consequences as a result of Optionee's purchase or
disposition of the Shares. Optionee represents that Optionee has consulted with any tax consultants Optionee deems advisable in connection with the purchase or disposition of the Shares and that
Optionee is not relying on the Company for any tax advice. 

        6.    Restrictive
Legends and Stop-Transfer Orders.    

        (A)    Legends.
Optionee understands and agrees that the Company shall cause the legends set forth below or legends substantially equivalent
thereto, to be placed upon any certificate(s) evidencing ownership of the Shares together with any other legends that may be required by state or federal securities laws: 

 

THE
SHARES EVIDENCED BY THIS CERTIFICATE HAVE BEEN ACQUIRED FOR INVESTMENT AND HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED. SUCH SHARES MAY NOT BE SOLD OR TRANSFERRED IN THE
ABSENCE OF SUCH REGISTRATION OR AN EXEMPTION THEREFROM UNDER SAID ACT. COPIES OF THE AGREEMENT COVERING THE PURCHASE OF THESE SHARES AND RESTRICTING THEIR TRANSFER MAY BE OBTAINED AT NO COST BY
WRITTEN REQUEST MADE BY THE HOLDER OF RECORD OF THIS CERTIFICATE TO THE SECRETARY OF THE CORPORATION AT THE PRINCIPAL EXECUTIVE OFFICES OF THE CORPORATION. 

        (B)    Stop-Transfer
Notices. Optionee agrees that, in order to ensure compliance with the restrictions referred to herein, the Company
may issue appropriate "stop transfer" instructions to its transfer agent, if any, and that, if the Company transfers its own securities, it may make appropriate notations to the same effect in its own
records. 

        (C)    Refusal
to Transfer. The Company shall not be required (i) to transfer on its books any Shares that have been sold or otherwise
transferred in violation of any of the provisions of this Agreement or (ii) to treat as owner of such Shares or to accord the right to vote or pay dividends to any purchaser or other transferee
to whom such Shares shall have been so transferred. 

        7.    Successors
and Assigns.    The Company may assign any of its rights under this Agreement to single or multiple assignees, and this
Agreement shall inure to the benefit of the successors and assigns of the Company. Subject to the restrictions on transfer herein set forth, this Agreement shall be binding upon Optionee and his or
her heirs, executors, administrators, successors and assigns. 

        8.    Interpretation.    Any
dispute regarding the interpretation of this Agreement shall be submitted by Optionee or by the Company
forthwith to the Company's Board of Directors or the committee thereof that administers the Plan, which shall review such dispute at its next regular meeting. The resolution of such a dispute by the
Board or committee shall be final and binding on the Company and on Optionee. 

        9.    Governing
Law; Severability.    This Agreement shall be governed by and construed in accordance with the laws of the State of
California excluding that body of law pertaining to conflicts of law. Should any provision of this Agreement be determined by a court of law to be illegal or unenforceable, the other provisions shall
nevertheless remain effective and shall remain enforceable. 

2

 

        10.    Notices.    Any
notice required or permitted hereunder shall be given in writing and shall be deemed effectively given upon
personal delivery or upon deposit in the United States mail by certified mail, with postage and fees prepaid, addressed to the other party at its address as shown below beneath its signature, or to
such other address as such party may designate in writing from time to time to the other party. 

        11.    Further
Instruments.    The parties agree to execute such further instruments and to take such further action as may be reasonably
necessary to carry out the purposes and intent of this Agreement. 

        12.    Delivery
of Payment.    Optionee herewith delivers to the Company the full Exercise Price for the Shares. 

        13.    Entire
Agreement.    The Plan and Notice of Grant/Option Agreement are incorporated herein by reference. This Notice, the Plan,
the Option Agreement (along with all other attachments to the Option Agreement that are executed and delivered along with this Notice, if any) and the Investment Representation Statement constitute
the entire agreement of the parties and supersede in their entirety all prior undertakings and agreements of the Company and Optionee with respect to the subject matter hereof, and is governed by
California law except for that body of law pertaining to conflict of laws. 

	Submitted by:	 	Accepted by:
	

OPTIONEE:	
 	

TECHWELL, INC.

a California corporation
	«Optionee»	 	 	 
	

 	
 	

By:	

    

	

    
	
 	

Its:	

    

	

(address)	
 	

(address)
	

	
 	

3

 
 

EXHIBIT D
  
    TECHWELL, INC.
  
    2001 STOCK PLAN
  
    RESTRICTED STOCK PURCHASE AGREEMENT    
    

        THIS AGREEMENT is made between «Optionee» (the "Purchaser") and Techwell, Inc., a California corporation (the "Company") as of
                        , 20    . 

RECITALS

        (1)   Pursuant
to the exercise of the stock option (grant number «Grant_No») granted to Purchaser under the Company's 2001 Stock Plan (the "Plan") and
pursuant to the Stock Option Agreement (the "Option Agreement") dated «Grant_Date» by and between the Company and Purchaser with respect to such grant, which Plan and Option
Agreement are hereby incorporated by reference, Purchaser has elected to purchase                          of those shares
which have not become vested under the vesting schedule
set forth in the Option Agreement (the "Unvested Shares"). The Unvested Shares and the shares subject to the Option Agreement which have become vested are sometimes collectively referred to herein as
the "Shares". 

        (2)   As
a condition to Purchaser's election to exercise the Option as to the Unvested Shares, Purchase hereby executes and delivers this Restricted Stock Purchase Agreement,
which sets forth certain rights and obligations of the parties with respect to the Unvested Shares acquired upon exercise of the Option. 

        (3)   In
accordance with the terms of the Option Agreement, the Purchaser, if an Employee or director of the Company on the date of this Agreement, and if permitted by the
Company, has the right to pay all or a portion of the exercise price for the Shares by way full recourse promissory note in the form attached hereto as Exhibit D-6 (the "Note"). If
none of the exercise price for the Shares is paid by way of a Note, all references to the Note in this Agreement shall be disregarded. If a Note is utilized, then by his or her execution below, the
Purchaser hereby grants a security interest to the Company in all of the Shares to secure the payment obligations of the Purchaser to the Company under the Note. To perfect the security interest
granted hereby, the Purchaser hereby agrees to pledge the Shares to the Company, by delivering or authorizing delivery of the stock certificates representing such shares to the escrow agent authorized
in Section 2(b). Upon the occurrence of a default in the payment of the Note when due, which default remains uncured for thirty (30) days following written thereof, the Company shall be
entitled to the rights and remedies of a 

 

secured
party under the Commercial Code of the State of California. In the event that the Purchaser prepays all or a portion of the Note, in accordance with the provisions thereof, the Purchaser
intends, unless otherwise indicated in writing by the Purchaser at the time of payment or at any time thereafter, that the shares represented by the portion of the Note so repaid, including annual
interest thereon, shall continue to be held in the escrow provided for below, to serve as independent collateral for the outstanding portion of the Note, for the purpose of commencing the holding
period set forth in Securities and Exchange Commission Rule 144(d). 

        1.    Repurchase
Option.    

        (a)   If
Purchaser's status as an Employee, Consultant or director, as applicable, is terminated for any or no reason, including for cause or without cause, death or
disability, the Company shall have the right and option to purchase from Purchaser, or Purchaser's personal representative, as the case may be, all or any portion of the Purchaser's
Then-Unvested Shares (as defined below) as of the date of such termination at the original exercise price paid by the Purchaser for such Shares (the "Repurchase Option"), which repurchase
price may be paid in cash, by cancellation of indebtedness under the Note, or a combination. The term "Then-Unvested Shares" as used herein shall mean that portion of the Unvested Shares
that remain unvested on such termination date in accordance with the vesting provisions set forth in the Option Agreement. 

        (b)   Upon
the occurrence of a termination, the Company may exercise its Repurchase Option by delivering personally or by registered mail, to Purchaser (or his transferee or
legal representative, as
the case may be), within ninety (90) days of the termination, a notice in writing indicating the Company's intention to exercise the Repurchase Option and setting forth a date for closing not
later than thirty (30) days from the mailing of such notice. The closing shall take place at the Company's office. At the closing, the holder of the certificates for the
Then-Unvested Shares being transferred shall deliver the stock certificate or certificates evidencing the Then-Unvested Shares, and the Company shall deliver the purchase price
therefor. 

        (c)   At
its option, the Company may elect to make payment for the Then-Unvested Shares to a bank selected by the Company. The Company shall avail itself of this
option by a notice in writing to Purchaser stating the name and address of the bank, date of closing, and waiving the closing at the Company's office. 

        (d)   If
the Company does not elect to exercise the Repurchase Option conferred above by giving the requisite notice within ninety (90) days following the termination,
the Repurchase Option shall terminate. 

2

 

        (e)   The
Repurchase Option shall terminate in accordance with the vesting schedule in Optionee's Option Agreement. 

        2.    Transferability
of the Shares; Escrow.    

        (a)   Purchaser
hereby authorizes and directs the secretary of the Company, or such other person designated by the Company, to transfer the Then-Unvested Shares as
to which the Repurchase Option has been exercised from Purchaser to the Company. 

        (b)   To
insure the availability for delivery of Purchaser's Unvested Shares upon repurchase by the Company pursuant to the Repurchase Option under Section 1, and as
security for the faithful performance of the terms of the Note, if applicable, Purchaser hereby appoints the secretary, or any other person designated by the Company as escrow agent, as its
attorney-in-fact to sell, assign and transfer unto the Company, such Unvested Shares, if any, repurchased by the Company pursuant to the Repurchase Option and shall, upon
execution of this Agreement, deliver and deposit with the secretary of the Company, or such other person designated by the Company, the share certificates representing the Unvested Shares, together
with the stock assignment duly endorsed in blank, attached hereto as Exhibit D-2. The Unvested Shares and stock assignment shall be held by the
secretary in escrow, pursuant to the Joint Escrow Instructions of the Company and Purchaser attached as
Exhibit D-3 hereto, until the Company exercises its purchase right as provided in Section 1, until such Unvested Shares are vested (and, if
applicable, the Note is paid in full), or until such time as this Agreement no longer is in effect. As a further condition to the Company's obligations under this Agreement, the spouse of the
Purchaser, if any, shall execute and deliver to the Company the Consent of Spouse attached hereto as Exhibit D-4. Upon vesting of the Unvested Shares
(and, if applicable, the Note is paid in full), the escrow agent shall promptly upon written request, or periodically without written request, deliver to the Purchaser the certificate or certificates
representing such Shares in the escrow agent's possession belonging to the Purchaser, and the escrow agent shall be discharged of all further obligations hereunder; provided, however, that the escrow
agent shall nevertheless retain such certificate or certificates as escrow agent if so required pursuant to other restrictions imposed pursuant to this Agreement. 

        (c)   The
Company, or its designee, shall not be liable for any act it may do or omit to do with respect to holding the Shares in escrow and while acting in good faith and in
the exercise of its judgment. 

        (d)   Purchaser
shall not sell, transfer, pledge, hypothecate or otherwise dispose of any of the Shares while the Note remains outstanding, nor any Unvested Shares which
remain subject to the Company's Repurchase Option. Notwithstanding the foregoing, upon prior written consent of the Company (which consent shall not be unreasonably withheld), the Purchaser may assign
or transfer Unvested Shares for family planning, tax 

3

 

planning
or estate planning, or other such purposes, provided the transferee agrees to be bound by all obligations of the Purchaser, and the Company is reasonably secure that such obligations remain
enforceable against the transferee. 

        (e)   Transfer
or sale of the Shares is subject to restrictions on transfer imposed by any applicable state and federal securities laws. Any transferee shall hold such Shares
subject to all the provisions hereof and the Exercise Notice executed by the Purchaser with respect to any Unvested Shares purchased by Purchaser and shall acknowledge the same by signing a copy of
this Agreement. 

        3.    Ownership,
Voting Rights, Duties.    This Agreement shall not affect in any way the ownership, voting rights or other rights or
duties of Purchaser, except as specifically provided herein. 

        4.    Legends.    The
share certificate evidencing the Shares issued hereunder may be endorsed with the legend substantially to the
following effect (in addition to any legend required under applicable state securities laws): 

        THE
SHARES REPRESENTED BY THIS CERTIFICATE ARE SUBJECT TO CERTAIN RESTRICTIONS UPON TRANSFER AND RIGHTS OF REPURCHASE AS SET FORTH IN AN AGREEMENT BETWEEN THE COMPANY AND THE
STOCKHOLDER, A COPY OF WHICH IS ON FILE WITH THE SECRETARY OF THE COMPANY. 

        5.    Adjustment
for Stock Split.    All references to the number of Shares and the purchase price of the Shares in this Agreement shall
be appropriately adjusted to reflect any stock split, stock dividend or other change in the Shares which may be made by the Company after the date of this Agreement. 

        6.    Notices.    Notices
required hereunder shall be given in person or by registered mail to the address of Purchaser shown on the
records of the Company, and to the Company at their respective principal executive offices. 

        7.    Survival
of Terms.    This Agreement shall apply to and bind Purchaser and the Company and their respective permitted assignees and
transferees, heirs, legatees, executors, administrators and legal successors. 

        8.    Section 83(b)
Election.    Purchaser hereby acknowledges that he or she has been informed that, with respect to the exercise
of an Option for unvested Shares, an election may be filed by the Purchaser with the Internal Revenue Service, within 30 days of the purchase of the Shares,
electing pursuant to Section 83(b) of the Code to be taxed currently on any difference between the purchase price of the Shares and their Fair Market Value on the date of purchase. In the case
of a Nonstatutory Stock Option, this will result in 

4

 

a
recognition of taxable income to the Purchaser on the date of exercise, measured by the excess, if any, of the fair market value of the Shares, at the time the Option is exercised over the purchase
price for the Shares. Absent such an election, taxable income will be measured and recognized by Purchaser at the time or times on which the Company's Repurchase Option lapses. In the case of an
Incentive Stock Option, such an election will result in a recognition of income to the Purchaser for alternative minimum tax purposes on the date of exercise, measured by the excess, if any, of the
fair market value of the Shares, at the time the option is exercised, over the purchase price for the Shares. Absent such an election, alternative minimum taxable income will be measured and
recognized by Purchaser at the
time or times on which the Company's Repurchase Option lapses. Purchaser is strongly encouraged to seek the advice of his or her own tax consultants in connection with the purchase of the Shares and
the advisability of filing of the Election under Section 83(b) of the Code. A form of Election under Section 83(b) is attached hereto as
Exhibit D-5 for reference. 

        PURCHASER
ACKNOWLEDGES THAT IT IS PURCHASER'S SOLE RESPONSIBILITY AND NOT THE COMPANY'S TO FILE TIMELY THE ELECTION UNDER SECTION 83(b), EVEN IF PURCHASER REQUESTS THE COMPANY OR ITS
REPRESENTATIVE TO MAKE THIS FILING ON PURCHASER'S BEHALF. 

        9.    Representations.    Purchaser
has reviewed with his own tax advisors the federal, state, local and foreign tax consequences of this
investment and the transactions contemplated by this Agreement. Purchaser is relying solely on such advisors and not on any statements or representations of the Company or any of its agents. Purchaser
understands that he (and not the Company) shall be responsible for his own tax liability that may arise as a result of this investment or the transactions contemplated by this Agreement. 

        10.    Governing
Law.    This Agreement shall be governed by the internal substantive laws, but not the choice of law rules, of
California. 

        Purchaser
represents that he has read this Agreement and is familiar with its terms and provisions. Purchaser hereby agrees to accept as binding, conclusive and final all decisions or
interpretations of the Board upon any questions arising under this Agreement. 

5

 

        IN
WITNESS WHEREOF, this Agreement is deemed made as of the date first set forth above. 

	 	"COMPANY"
	

 	

TECHWELL, INC.
	

 	

By:	
 	

 
	 	 	 	

	

 	

Title:	
 	

 
	 	 	 	

	

 	
"PURCHASER"
	

 	

 Signature
	

 	

 Printed Name
	

 	

 Soc. Sec. No.
	

 	

Address:
	

 	

	

 	

6

 
 
 

Exhibit D-2  
    
    ASSIGNMENT SEPARATE FROM CERTIFICATE    

        FOR
VALUE RECEIVED I, «Optionee», hereby sell, assign and transfer unto Techwell, Inc.
                        
(                  ) shares of the Common Stock of Techwell, Inc. standing in my name of the books of said corporation represented by Certificate
No.
         herewith and do hereby irrevocably constitute and appoint
                         to transfer the said stock on the books of the within
named corporation with full power of substitution in the premises. 

        This
Stock Assignment may be used only in accordance with the Restricted Stock Purchase Agreement by and between Techwell, Inc. and the undersigned dated
                        ,             . 

   

Dated:
____________, ____ 

	 	 	Signature:	    
 «Optionee»

   

   

   

   

   

   

INSTRUCTIONS:    Please do not fill in any blanks other than the signature line. The purpose of this assignment is to enable the Company to
exercise its "repurchase option," as set forth in the Agreement, without requiring additional signatures on the part of the Purchaser. 

 
 
 

Exhibit D-3  
    
    JOINT ESCROW INSTRUCTIONS  

____________,
20____ 

The
Law Office of Robert D. Cochran

2105 Woodside Road

Woodside, CA 94062

Attention: Robert D. Cochran, Esq.

Secretary 

Dear
Secretary: 

        As
Escrow Agent for both Techwell, Inc. (the "Company"), and the undersigned purchaser of stock of the Company (the "Purchaser"), you are hereby authorized and directed to hold
the documents delivered to you pursuant to the terms of that certain Restricted Stock Purchase Agreement ("Agreement") between the Company and the undersigned, in accordance with the following
instructions: 

        1.     In
the event the Company and/or any assignee of the Company (referred to collectively for convenience herein as the "Company") exercises the Company's repurchase option
set forth in the Agreement, the Company shall give to Purchaser and you a written notice specifying the number of shares of stock to be purchased, the purchase price, and the time for a closing
hereunder at the principal office of the Company. Purchaser and the Company hereby irrevocably authorize and direct you to close the transaction contemplated by such notice in accordance with the
terms of said notice. 

        2.     At
the closing, you are directed (a) to date the stock assignments necessary for the transfer in question, (b) to fill in the number of shares being
transferred, and (c) to deliver same, together with the certificate evidencing the shares of stock to be transferred, to the Company or its assignee, against the simultaneous delivery to you of
the purchase price (by cash, a check, cancellation of indebtedness, if applicable, or some combination thereof) for the number of shares of stock being purchased pursuant to the exercise of the
Company's repurchase option. 

        3.     Purchaser
irrevocably authorizes the Company to deposit with you any certificates evidencing shares of stock to be held by you hereunder and any additions and
substitutions to said shares as defined in the Agreement. Purchaser does hereby irrevocably constitute and appoint you as Purchaser's attorney-in-fact and agent for the term of
this escrow to execute with respect to such securities all documents necessary or appropriate to make such securities negotiable and to complete any transaction herein contemplated, including but not
limited to the filing with any applicable state blue sky authority of any required applications for consent to, or notice of transfer of, the securities. 

 

Subject
to the provisions of this paragraph 3, Purchaser shall exercise all rights and privileges of a stockholder of the Company while the stock is held by you. 

        4.     Upon
written request of the Purchaser, but no more than once per calendar year, unless the Company's repurchase option has been exercised, you will deliver to Purchaser a
certificate or certificates representing so many shares of stock as are not then subject to the Company's repurchase option. Within 120 days after cessation of Purchaser's continuous employment
by or services to the Company, or any parent or subsidiary of the Company, you will deliver to Purchaser a certificate or certificates representing the aggregate number of shares held or issued
pursuant to the Agreement and not purchased by the Company or its assignees pursuant to exercise of the Company's repurchase option. Notwithstanding the foregoing, none of the certificates
representing the shares of stock deposited under these escrow instructions shall be released to the Purchaser if Purchaser's Note, if applicable, has not been paid in full, unless the Company
otherwise instructs you in writing. Subject to the provisions of this Agreement, upon payment of the Note, in full, the certificates representing the shares may be released and delivered to the
Purchaser. In the event Purchaser defaults in payment of the Note, as the case may be, when due, and such default remains uncured for at least thirty (30) days following written notice thereof
by the Company, you shall, upon written request of the Company, deliver the certificate evidencing the shares of stock and the stock assignments to the Company to enable the Company to exercise any
and all rights it may have as a secured party under the Uniform Commercial Code of the State of California. 

        5.     If
at the time of termination of this escrow you should have in your possession any documents, securities, or other property belonging to Purchaser, you shall deliver all
of the same to Purchaser and shall be discharged of all further obligations hereunder. 

        6.     Your
duties hereunder may be altered, amended, modified or revoked only by a writing signed by all of the parties hereto. 

        7.     You
shall be obligated only for the performance of such duties as are specifically set forth herein and may rely and shall be protected in relying or refraining from
acting on any instrument reasonably believed by you to be genuine and to have been signed or presented by the proper party or parties. You shall not be personally liable for any act you may do or omit
to do hereunder as Escrow Agent or as attorney-in-fact for Purchaser while acting in good faith, and any act done or omitted by you pursuant to the advice of your own attorneys
shall be conclusive evidence of such good faith. 

        8.     You
are hereby expressly authorized to disregard any and all warnings given by any of the parties hereto or by any other person or corporation, excepting only orders or
process of courts of law and are hereby expressly authorized to comply with and obey orders, judgments or decrees of any court. In case you obey or comply with any such order, judgment or decree, you
shall not be liable to any of the parties hereto or to any other person, firm or corporation by reason of such compliance, notwithstanding any such order, 

2

 

judgment
or decree being subsequently reversed, modified, annulled, set aside, vacated or found to have been entered without jurisdiction. 

        9.     You
shall not be liable in any respect on account of the identity, authorities or rights of the parties executing or delivering or purporting to execute or deliver the
Agreement or any documents or papers deposited or called for hereunder. 

        10.   You
shall not be liable for the outlawing of any rights under the Statute of Limitations with respect to these Joint Escrow Instructions or any documents deposited with
you. 

        11.   You
shall be entitled to employ such legal counsel and other experts as you may deem necessary properly to advise you in connection with your obligations hereunder, may
rely upon the advice of such counsel, and may pay such counsel reasonable compensation therefor. 

        12.   Your
responsibilities as Escrow Agent hereunder shall terminate if you shall cease to be an officer or agent of the Company or if you shall resign by written notice to
each the Company. In the event of any such termination, the Company shall have the right, in its sole discretion, to appoint a successor Escrow Agent. 

        13.   If
you reasonably require other or further instruments in connection with these Joint Escrow Instructions or obligations in respect hereto, the necessary parties hereto
shall join in furnishing such instruments. 

        14.   It
is understood and agreed that should any dispute arise with respect to the delivery and/or ownership or right of possession of the securities held by you hereunder,
you are authorized and directed to retain in your possession without liability to anyone all or any part of said securities until such disputes shall have been settled either by mutual written
agreement of the parties concerned or by a final order, decree or judgment of a court of competent jurisdiction after the time for appeal has expired and no appeal has been perfected, but you shall be
under no duty whatsoever to institute or defend any such proceedings. 

        15.   Any
notice required or permitted hereunder shall be given in writing and shall be deemed effectively given upon personal delivery or upon deposit in the United States
Post Office, by registered or certified mail with postage and fees prepaid, addressed to each of the other parties thereunto entitled at the following addresses or at such other addresses as a party
may designate by ten days' advance written notice to each of the other parties hereto. 

	COMPANY:	 	Techwell, Inc.

631 River Oaks Parkway

San Jose, CA 95134

Attention: Chief Financial Officer	 	 

3

 

	

PURCHASER:	
 	

    
    
    
	
 	

 
	

ESCROW AGENT:	
 	

The Law Office of Robert D. Cochran

2105 Woodside Road

Woodside, CA 94062

Attention: Robert D. Cochran, Esq.	
 	

 

        16.   By
signing these Joint Escrow Instructions, you become a party hereto only for the purpose of said Joint Escrow Instructions; you do not become a party to the Agreement. 

        17.   This
instrument shall be binding upon and inure to the benefit of the parties hereto, and their respective successors and permitted assigns. 

        18.   These
Joint Escrow Instructions shall be governed by the internal substantive laws, but not the choice of law rules, of California. 

	

 	
 	

TECHWELL, INC.
	

 	
 	

    
 Fumihiro Kozato, President
	

 	
 	

PURCHASER
	

 	
 	

    
 «Optionee»
	

 	
 	

ESCROW AGENT
	

 	
 	

    
 Robert D. Cochran

4

 
 
 

Exhibit D-4  
    
    CONSENT OF SPOUSE  

        I,
                        , spouse of «Optionee», have read and approve the foregoing Agreement. In consideration
of granting of the right to
my spouse to purchase shares of Techwell, Inc., as set forth in the Agreement, I hereby appoint my spouse as my attorney-in-fact in respect to the exercise of any rights
under the Agreement and agree to be bound by the provisions of the Agreement insofar as I may have any rights in said Agreement or any shares issued pursuant thereto under the community property laws
or similar laws relating to marital property in effect in the state of our residence as of the date of the signing of the foregoing Agreement. 

   

Dated:
____________, ____ 

	 	    
 Signature of Spouse

 
 
 

Exhibit D-5  
    
    ELECTION UNDER SECTION 83(b)
  OF THE INTERNAL REVENUE CODE OF 1986  

The
undersigned taxpayer hereby elects, pursuant to Sections 55 and 83(b) of the Internal Revenue Code of 1986, as amended, to include in taxpayer's gross income or alternative minimum taxable income,
as the case may be, for the current taxable year the amount of any compensation taxable to taxpayer in connection with taxpayer's receipt of the property described below: 

	1.
	The
name, address, taxpayer identification number and taxable year of the undersigned are as follows: 

	Name of Taxpayer:	 	«Optionee»
	

Name of Spouse:	
 	

    

	

Address:	
 	

    
    

	

Tax I.D. No. of

Taxpayer:	
 	

 

    

	

Tax I.D. No. of Spouse:	
 	

    

	

Taxable year:	
 	

    

	2.
	The
property with respect to which the election is made is described as follows:                          shares (the "Shares")
of the Common Stock of
Techwell, Inc., a California corporation (the "Company").

	3.
	The
date on which the property was transferred is:                         ,
            .

	4.
	The
property is subject to the following restrictions: 

The
Shares may not be transferred and are subject to forfeiture under the terms of an agreement between the taxpayer and the Company. These restrictions lapse upon the satisfaction of certain
conditions contained in such agreement. 

	5.
	The
fair market value at the time of transfer, determined without regard to any restriction other than a restriction which by its terms will never lapse, of such property is:

$                         .

	6.
	The
amount (if any) paid for such property is:

$                         . 

The
undersigned has submitted a copy of this statement to the person for whom the services were performed in connection with the undersigned's receipt of the above-described property. The transferee
of such property is the person performing the services in connection with the transfer of said property. 

The
undersigned understands that the foregoing election may not be revoked except with the consent of the Commissioner. 

	Dated:	 	    
	 	    
 Taxpayer: «Optionee»
	

Dated:	
 	

    
	
 	

    
 Spouse of Taxpayer

 
 

EXHIBIT D-6  
    
    FULL RECOURSE PROMISSORY NOTE  
    

	$____________	 	 	 	___________________, California

____________, ____

        FOR
VALUE RECEIVED, the undersigned, «Optionee», promises to pay to the order of Techwell, Inc., a California corporation (the "Company"), the principal
sum of                          ($             ) with
interest from the date hereof at a rate of             
percent1 (      %) per annum, compounded annually, interest and principal payable on
                        ,
            2 (or as provided below). All money paid toward the satisfaction of this Note shall be applied first to the payment of interest as required
hereunder and then to the retirement of the principal. 

        This
Note is secured by a pledge of shares of Common Stock of the Company, and is subject to all of the terms and provisions of a Restricted Stock Purchase Agreement between the
undersigned and the Company (the "Agreement"). Notwithstanding such pledge, the undersigned understands that this is a full recourse promissory note. 

        The
undersigned further agrees that, in the event that his employment by or association with the Company is terminated for any reason prior to payment in full of this Note, this Note
shall be accelerated and all remaining unpaid principal and interest shall become due and payable within 30 days after such termination. 

        If
an action is instituted for collection of this Note, the undersigned agrees to pay court costs and reasonable attorneys' fees incurred by the holder hereof. 

        This
Note may be prepaid at any time without penalty. 

        This
Note and the obligations hereunder shall be governed by and construed and enforced in accordance with the laws of the State of California. 

	 	 	    
 «Optionee»

        1
The interest rate shall be set by the Company at the time of an Early Exercise with Repurchase Agreement at (a) the applicable minimum Applicable Federal Rate as
defined in the Code in effect on such date, rounded up to the nearest 1/2 percentage point, or (b) any lower rate fixed by the Company at such time. 

        2
The due date shall be the fourth anniversary of the Vesting Commencement Date, or such later date fixed by the Company on the date of the Note. 

QuickLinks

Exhibit 10.3

TECHWELL, INC. 2001 STOCK PLAN (as amended)

TECHWELL, INC. 2001 STOCK PLAN STOCK OPTION AGREEMENT

EXHIBIT A STOCK OPTION AGREEMENT

EXHIBIT B INVESTMENT REPRESENTATION STATEMENT

EXHIBIT C NOTICE OF EXERCISE

TECHWELL, INC. 2001 STOCK PLAN STOCK OPTION AGREEMENT - EARLY EXERCISE

EXHIBIT A STOCK OPTION AGREEMENT

EXHIBIT B INVESTMENT REPRESENTATION STATEMENT

EXHIBIT C NOTICE OF EXERCISE

EXHIBIT D TECHWELL, INC. 2001 STOCK PLAN RESTRICTED STOCK PURCHASE AGREEMENT

EXHIBIT D–2 ASSIGNMENT SEPARATE FROM CERTIFICATE

EXHIBIT D–3 JOINT ESCROW INSTRUCTIONS

EXHIBIT D–4 CONSENT OF SPOUSE

EXHIBIT D–5 ELECTION UNDER SECTION 83(B)  OF THE INTERNAL REVENUE CODE OF 1986

EXHIBIT D-6 FULL RECOURSE PROMISSORY NOTEQuickLinks
 -- Click here to rapidly navigate through this document

 
 

Exhibit 10.4    
    

 
 
 

TECHWELL, INC.    
    
    2006 STOCK INCENTIVE PLAN    
    
    (Adopted by the Board on November 17, 2005)    

        

TECHWELL, INC.

2006 STOCK INCENTIVE PLAN

 
Table of Contents  

	 
	 
	 	Page
 

	SECTION 1.	ESTABLISHMENT AND PURPOSE.	 	1
	
SECTION 2.	
DEFINITIONS.	
 	

1
	

               (a)	

"Affiliate"	
 	

1
	

               (b)	

"Award"	
 	

1
	

               (c)	

"Board of Directors"	
 	

1
	

               (d)	

"Change in Control"	
 	

1
	

               (e)	

"Code"	
 	

2
	

               (f)	

"Committee"	
 	

2
	

               (g)	

"Company"	
 	

2
	

               (h)	

"Consultant"	
 	

2
	

               (i)	

"Employee"	
 	

3
	

               (j)	

"Exchange Act"	
 	

3
	

               (k)	

"Exercise Price"	
 	

3
	

               (l)	

"Fair Market Value"	
 	

3
	

               (m)	

"ISO"	
 	

3
	

               (n)	

"Nonstatutory Option" or "NSO"	
 	

3
	

               (o)	

"Offeree"	
 	

3
	

               (p)	

"Option"	
 	

4
	

               (q)	

"Optionee"	
 	

4
	

               (r)	

"Outside Director"	
 	

4
	

               (s)	

"Parent"	
 	

4
	

               (t)	

"Participant"	
 	

4
	

               (u)	

"Plan"	
 	

4
	

               (v)	

"Purchase Price"	
 	

4
	

               (w)	

"Restricted Share"	
 	

4
	

               (x)	

"Restricted Share Agreement"	
 	

4
	

               (y)	

"SAR"	
 	

4
	

               (z)	

"SAR Agreement"	
 	

4
	

               (aa)	

"Service"	
 	

4
	

               (bb)	

"Share"	
 	

4
	

               (cc)	

"Stock"	
 	

5
	

               (dd)	

"Stock Option Agreement"	
 	

5
	

               (ee)	

"Stock Unit"	
 	

5
	

               (ff)	

"Stock Unit Agreement"	
 	

5
	 	 	 	 

TECHWELL, INC.

2006 STOCK INCENTIVE PLAN

- i -

 

	

               (gg)	

"Subsidiary"	
 	

5
	
SECTION 3.	
ADMINISTRATION.	
 	

5
	

               (a)	

Committee Composition	
 	

5
	

               (b)	

Committee for Non-Officer Grants	
 	

5
	

               (c)	

Committee Procedures	
 	

5
	

               (d)	

Committee Responsibilities	
 	

6
	
SECTION 4.	
ELIGIBILITY.	
 	

7
	

               (a)	

General Rule	
 	

7
	

               (b)	
Automatic Grants to Outside Directors	
 	

7
	

               (c)	

Ten-Percent Stockholders	
 	

8
	

               (d)	

Attribution Rules	
 	

8
	

               (e)	

Outstanding Stock	
 	

8
	
SECTION 5.	
STOCK SUBJECT TO PLAN.	
 	

8
	

               (a)	

Basic Limitation	
 	

8
	

               (b)	

Award Limitation	
 	

9
	

               (c)	

Additional Shares	
 	

9
	
SECTION 6.	
RESTRICTED SHARES.	
 	

9
	

               (a)	

Restricted Stock Agreement	
 	

9
	

               (b)	

Payment for Awards	
 	

9
	

               (c)	

Vesting	
 	

9
	

               (d)	

Voting and Dividend Rights	
 	

9
	

               (e)	

Restrictions on Transfer of Shares	
 	

10
	
SECTION 7.	
TERMS AND CONDITIONS OF OPTIONS.	
 	

10
	

               (a)	

Stock Option Agreement	
 	

10
	

               (b)	

Number of Shares	
 	

10
	

               (c)	

Exercise Price	
 	

10
	

               (d)	

Withholding Taxes	
 	

10
	

               (e)	

Exercisability and Term	
 	

10
	

               (f)	

Exercise of Options	
 	

11
	

               (g)	

Effect of Change in Control	
 	

11
	

               (h)	

No Rights as a Stockholder	
 	

11
	

               (i)	

Modification, Extension and Renewal of Options	
 	

11
	

               (j)	

Restrictions on Transfer of Shares	
 	

11
	

               (k)	

Buyout Provisions	
 	

11
	
SECTION 8.	
PAYMENT FOR SHARES.	
 	

11
	

               (a)	

General Rule	
 	

12
	

               (b)	

Surrender of Stock	
 	

12
	 	 	 	 

TECHWELL, INC.

2006 STOCK INCENTIVE PLAN

- ii -

 

	

               (c)	

Services Rendered	
 	

12
	

               (d)	

Cashless Exercise	
 	

12
	

               (e)	

Exercise/Pledge	
 	

12
	

               (f)	

Promissory Note	
 	

12
	

               (g)	

Other Forms of Payment	
 	

12
	

               (h)	

Limitations under Applicable Law	
 	

12
	
SECTION 9.	
STOCK APPRECIATION RIGHTS.	
 	

12
	

               (a)	

SAR Agreement	
 	

12
	

               (b)	

Number of Shares	
 	

13
	

               (c)	

Exercise Price	
 	

13
	

               (d)	

Exercisability and Term	
 	

13
	

               (e)	

Effect of Change in Control	
 	

13
	

               (f)	

Exercise of SARs	
 	

13
	

               (g)	

Modification or Assumption of SARs	
 	

13
	

               (h)	

Buyout Provisions	
 	

13
	
SECTION 10.	
STOCK UNITS.	
 	

13
	

               (a)	

Stock Unit Agreement	
 	

14
	

               (b)	

Payment for Awards	
 	

14
	

               (c)	

Vesting Conditions	
 	

14
	

               (d)	

Voting and Dividend Rights	
 	

14
	

               (e)	

Form and Time of Settlement of Stock Units	
 	

14
	

               (f)	

Death of Recipient	
 	

14
	

               (g)	

Creditors' Rights	
 	

15
	
SECTION 11.	
ADJUSTMENT OF SHARES.	
 	

15
	

               (a)	

Adjustments	
 	

15
	

               (b)	

Dissolution or Liquidation	
 	

15
	

               (c)	

Reorganizations	
 	

15
	

               (d)	

Reservation of Rights	
 	

16
	
SECTION 12.	
DEFERRAL OF AWARDS.	
 	

16
	

               (a)	

Committee Powers	
 	

16
	

               (b)	

General Rules	
 	

16
	
SECTION 13.	
AWARDS UNDER OTHER PLANS.	
 	

17
	
SECTION 14.	
PAYMENT OF DIRECTOR'S FEES IN SECURITIES.	
 	

17
	

               (a)	

Effective Date	
 	

17
	

               (b)	

Elections to Receive NSOs, Restricted Shares or Stock Units	
 	

17
	

               (c)	

Number and Terms of NSOs, Restricted Shares or Stock Units	
 	

17
	
SECTION 15.	
LEGAL AND REGULATORY REQUIREMENTS.	
 	

17
	 	 	 	 

TECHWELL, INC.

2006 STOCK INCENTIVE PLAN

- iii -

 

	
SECTION 16.	
WITHHOLDING TAXES.	
 	

17
	

               (a)	

General	
 	

18
	

               (b)	

Share Withholding	
 	

18
	
SECTION 17.	
OTHER PROVISIONS APPLICABLE TO AWARDS.	
 	

18
	

               (a)	

Transferability	
 	

18
	

               (b)	

Qualifying Performance Criteria	
 	

18
	
SECTION 18.	
NO EMPLOYMENT RIGHTS.	
 	

19
	
SECTION 19.	
DURATION AND AMENDMENTS.	
 	

19
	

               (a)	

Term of the Plan	
 	

19
	

               (b)	

Right to Amend or Terminate the Plan	
 	

19
	

               (c)	

Effect of Termination	
 	

20
	
SECTION 20.	
EXECUTION.	
 	

21

TECHWELL, INC.

2006 STOCK INCENTIVE PLAN

- iv -

   TECHWELL, INC.  

 2006 STOCK INCENTIVE PLAN  

SECTION 1.    ESTABLISHMENT AND PURPOSE.  

        The Plan was adopted by the Board of Directors on November 17, 2005, and shall be effective as of the date of the initial offering of Stock to the public
pursuant to a registration statement filed by the Company with the Securities and Exchange Commission (the "Effective Date"). The purpose of the Plan is to promote the long-term success of
the Company and the creation of stockholder value by (a) encouraging Employees, Outside Directors and Consultants to focus on critical long-range objectives, (b) encouraging
the attraction and retention of Employees, Outside Directors and Consultants with exceptional qualifications and (c) linking Employees, Outside Directors and Consultants directly to stockholder
interests through increased stock ownership. The Plan seeks to achieve this purpose by providing for Awards in the form of restricted shares, stock units, options (which may constitute incentive stock
options or nonstatutory stock options) or stock appreciation rights. 

SECTION 2.    DEFINITIONS.  

        (a)   "Affiliate" shall mean any entity other than a Subsidiary, if the Company and/or one of more Subsidiaries own not less
than 50% of such entity. 

        (b)   "Award" shall mean any award of an Option, a SAR, a Restricted Share or a Stock Unit under the Plan. 

        (c)   "Board of Directors" shall mean the Board of Directors of the Company, as constituted from time to time. 

        (d)   "Change in Control" shall mean the occurrence of any of the following events: 

        (i)    A
change in the composition of the Board of Directors occurs, as a result of which fewer than one-half of the incumbent directors are directors who either: 

        (A)  Had
been directors of the Company on the "look-back date" (as defined below) (the "original directors"); or 

        (B)  Were
elected, or nominated for election, to the Board of Directors with the affirmative votes of at least a majority of the aggregate of the original directors who were
still in office at the time of the election or nomination and the directors whose election or nomination was previously so approved (the "continuing directors"); or 

        (ii)   Any
"person" (as defined below) who by the acquisition or aggregation of securities, is or becomes the "beneficial owner" (as defined in Rule 13d-3
under the Exchange Act), directly or indirectly, of securities of the Company representing 50% or more of the combined voting power of the Company's then outstanding securities 

TECHWELL, INC.

2006 STOCK INCENTIVE PLAN

- 1 -

 

ordinarily
(and apart from rights accruing under special circumstances) having the right to vote at elections of directors (the "Base Capital Stock"); except that any change in the relative beneficial
ownership of the Company's securities by any person resulting solely from a reduction in the aggregate number of outstanding shares of Base Capital Stock, and any decrease thereafter in such person's
ownership of securities, shall be disregarded until such person increases in any manner, directly or indirectly, such person's beneficial ownership of any securities of the Company; or 

        (iii)  The
consummation of a merger or consolidation of the Company with or into another entity or any other corporate reorganization, if persons who were not stockholders of
the Company immediately prior to such merger, consolidation or other reorganization own immediately after such merger, consolidation or other reorganization 50% or more of the voting power of the
outstanding securities of each of (A) the continuing or surviving entity and (B) any direct or indirect parent corporation of such continuing or surviving entity; or 

        (iv)  The
sale, transfer or other disposition of all or substantially all of the Company's assets. 

        For
purposes of subsection (d)(i) above, the term "look-back" date shall mean the later of (1) the Effective Date or (2) the date 24 months prior
to the date of the event that may constitute a Change in Control. 

        For
purposes of subsection (d)(ii)) above, the term "person" shall have the same meaning as when used in Sections 13(d) and 14(d) of the Exchange Act but shall exclude (1) a
trustee or other fiduciary holding securities under an employee benefit plan maintained by the Company or a Parent or Subsidiary and (2) a corporation owned directly or indirectly by the
stockholders of the Company in substantially the same proportions as their ownership of the Stock. 

        Any
other provision of this Section 2(d) notwithstanding, a transaction shall not constitute a Change in Control if its sole purpose is to change the state of the Company's
incorporation or to create a holding company that will be owned in substantially the same proportions by the persons who held the Company's securities immediately before such transaction, and a Change
in Control shall not be deemed to occur if the Company files a registration statement with the United States Securities and Exchange Commission for the initial offering of Stock to the public. 

        (e)   "Code" shall mean the Internal Revenue Code of 1986, as amended. 

        (f)    "Committee" shall mean the Compensation Committee as designated by the Board of Directors, which is authorized to
administer the Plan, as described in Section 3 hereof. 

        (g)   "Company" shall mean Techwell, Inc., a Delaware corporation. 

        (h)   "Consultant" shall mean a consultant or advisor who provides bona fide services to the Company, a Parent, a Subsidiary or
an Affiliate as an independent contractor (not 

TECHWELL, INC.

2006 STOCK INCENTIVE PLAN

- 2 -

 

including
service as a member of the Board of Directors) or a member of the board of directors of a Parent or a Subsidiary, in each case who is not an Employee. 

        (i)    "Employee" shall mean any individual who is a common-law employee of the Company, a Parent, a Subsidiary or
an Affiliate. 

        (j)    "Exchange Act" shall mean the Securities Exchange Act of 1934, as amended. 

        (k)   "Exercise Price" shall mean, in the case of an Option, the amount for which one Share may be purchased upon exercise of
such Option, as specified in the applicable Stock Option Agreement. "Exercise Price," in the case of a SAR, shall mean an amount, as specified in the applicable SAR Agreement, which is subtracted from
the Fair Market Value of one Share in determining the amount payable upon exercise of such SAR. 

        (l)    "Fair Market Value" with respect to a Share, shall mean the market price of one Share, determined by the Committee as
follows: 

        (i)    If
the Stock was traded over-the-counter on the date in question but was not traded on The Nasdaq Stock Market, then the Fair Market Value shall
be equal to the last transaction price quoted for such date by the OTC Bulletin Board or, if not so quoted, shall be equal to the mean between the last reported representative bid and asked prices
quoted for such date by the principal automated inter-dealer quotation system on which the Stock is quoted or, if the Stock is not quoted on any such system, by the Pink Sheets LLC; 

        (ii)   If
the Stock was traded on The Nasdaq Stock Market, then the Fair Market Value shall be equal to the last reported sale price quoted for such date by The Nasdaq Stock
Market; 

        (iii)  If
the Stock was traded on a United States stock exchange on the date in question, then the Fair Market Value shall be equal to the closing price reported for such
date by the applicable composite-transactions report; and 

        (iv)  If
none of the foregoing provisions is applicable, then the Fair Market Value shall be determined by the Committee in good faith on such basis as it deems appropriate. 

In
all cases, the determination of Fair Market Value by the Committee shall be conclusive and binding on all persons. 

        (m)  "ISO" shall mean an employee incentive stock option described in Section 422 of the Code. 

        (n)   "Nonstatutory Option" or "NSO" shall mean an employee stock option that
is not an ISO. 

        (o)   "Offeree" shall mean an individual to whom the Committee has offered the right to acquire Shares under the Plan (other
than upon exercise of an Option). 

TECHWELL, INC.

2006 STOCK INCENTIVE PLAN

- 3 -

 

        (p)   "Option" shall mean an ISO or Nonstatutory Option granted under the Plan and entitling the holder to purchase Shares. 

        (q)   "Optionee" shall mean an individual or estate who holds an Option or SAR. 

        (r)    "Outside Director" shall mean a member of the Board of Directors who is not a common-law employee of, or paid
consultant to, the Company, a Parent or a Subsidiary. 

        (s)   "Parent" shall mean any corporation (other than the Company) in an unbroken chain of corporations ending with the
Company, if each of the corporations other than the Company owns stock possessing 50% or more of the total combined voting power of all classes of stock in one of the other corporations in such chain.
A corporation that attains the status of a Parent on a date after the adoption of the Plan shall be a Parent commencing as of such date. 

        (t)    "Participant" shall mean an individual or estate who holds an Award. 

        (u)   "Plan" shall mean this 2006 Stock Incentive Plan of Techwell, Inc., as amended from time to time. 

        (v)   "Purchase Price" shall mean the consideration for which one Share may be acquired under the Plan (other than upon
exercise of an Option), as specified by the Committee. 

        (w)  "Restricted Share" shall mean a Share awarded under the Plan. 

        (x)   "Restricted Share Agreement" shall mean the agreement between the Company and the recipient of a Restricted Share which
contains the terms, conditions and restrictions pertaining to such Restricted Shares. 

        (y)   "SAR" shall mean a stock appreciation right granted under the Plan. 

        (z)   "SAR Agreement" shall mean the agreement between the Company and an Optionee which contains the terms, conditions and
restrictions pertaining to his or her SAR. 

        (aa) "Service" shall mean service as an Employee, Consultant or Outside Director, subject to such further limitations as may
be set forth in the Plan or the applicable Stock Option Agreement, SAR Agreement, Restricted Share Agreement or Stock Unit Agreement. Service does not terminate when an Employee goes on a bona fide
leave of absence, that was approved by the Company in writing, if the terms of the leave provide for continued Service crediting, or when continued Service crediting is required by applicable law.
However, for purposes of determining whether an Option is entitled to ISO status, an Employee's employment will be treated as terminating 90 days after such Employee went on leave, unless such
Employee's right to return to active work is guaranteed by law or by a contract. Service terminates in any event when the approved leave ends, unless such Employee immediately returns to active work.
The Company determines which leaves count toward Service, and when Service terminates for all purposes under the Plan. 

        (bb) "Share" shall mean one share of Stock, as adjusted in accordance with Section 8 (if applicable). 

TECHWELL, INC.

2006 STOCK INCENTIVE PLAN

- 4 -

 

        (cc) "Stock" shall mean the Common Stock of the Company. 

        (dd) "Stock Option Agreement" shall mean the agreement between the Company and an Optionee that contains the terms,
conditions and restrictions pertaining to his Option. 

        (ee) "Stock Unit" shall mean a bookkeeping entry representing the equivalent of one Share, as awarded under the Plan. 

        (ff)   "Stock Unit Agreement" shall mean the agreement between the Company and the recipient of a Stock Unit which contains the
terms, conditions and restrictions pertaining to such Stock Unit. 

        (gg) "Subsidiary" shall mean any corporation, if the Company and/or one or more other Subsidiaries own not less than 50% of
the total combined voting power of all classes of outstanding stock of such corporation. A corporation that attains the status of a Subsidiary on a date after the adoption of the Plan shall be
considered a Subsidiary commencing as of such date. 

        (hh) "Total and Permanent Disability" shall mean permanent and total disability as defined by section 22(e)(3) of the
Code. 

SECTION 3.    ADMINISTRATION.  

        (a)   Committee Composition. The Plan shall be administered by the Committee. The Committee shall consist of two or more
directors of the Company, who shall be appointed by the Board. In addition, the composition of the Committee shall satisfy (i) such requirements as the Securities and Exchange Commission may
establish for administrators acting under plans intended to qualify for exemption under Rule 16b-3 (or its successor) under the Exchange Act; and (ii) such requirements as
the Internal Revenue Service may establish for outside directors acting under plans intended to qualify for exemption under Section 162(m)(4)(C) of the Code. 

        (b)   Committee for Non-Officer Grants. The Board may also appoint one or more separate committees of the Board,
each composed of one or more directors of the Company who need not satisfy the requirements of Section 3(a), who may administer the Plan with respect to Employees who are not considered
officers or directors of the Company under Section 16 of the Exchange Act, may grant Awards under the Plan to such Employees and may determine all terms of such grants. Within the limitations
of the preceding sentence, any reference in the Plan to the Committee shall include such committee or committees appointed pursuant to the preceding sentence. The Board of Directors may also authorize
one or more officers of the Company to designate Employees, other than officers under Section 16 of the Exchange Act, to receive Awards and/or to determine the number of such Awards to be
received by such persons; provided, however, that the Board of Directors shall specify the total number of Awards that such officers may so award. 

        (c)   Committee Procedures. The Board of Directors shall designate one of the members of the Committee as chairman. The
Committee may hold meetings at such times and places as it shall determine. The acts of a majority of the Committee members present at 

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meetings
at which a quorum exists, or acts reduced to or approved in writing by all Committee members, shall be valid acts of the Committee. 

        (d)   Committee Responsibilities. Subject to the provisions of the Plan, the Committee shall have full authority and discretion
to take the following actions: 

        (i)    To
interpret the Plan and to apply its provisions; 

        (ii)   To
adopt, amend or rescind rules, procedures and forms relating to the Plan; 

        (iii)  To
adopt, amend or terminate sub-plans established for the purpose of satisfying applicable foreign laws including qualifying for preferred tax treatment
under applicable foreign tax laws; 

        (iv)  To
authorize any person to execute, on behalf of the Company, any instrument required to carry out the purposes of the Plan; 

        (v)   To
determine when Awards are to be granted under the Plan; 

        (vi)  To
select the Offerees and Optionees; 

        (vii) To
determine the number of Shares to be made subject to each Award; 

        (viii) To
prescribe the terms and conditions of each Award, including (without limitation) the Exercise Price and Purchase Price, and the vesting or duration of the Award
(including accelerating the vesting of Awards, either at the time of the Award or thereafter, without the consent of the Participant), to determine whether an Option is to be classified as an ISO or
as a Nonstatutory Option, and to specify the provisions of the agreement relating to such Award; 

        (ix)  To
amend any outstanding Award agreement, subject to applicable legal restrictions and to the consent of the Participant if the Participant's rights or obligations
would be materially impaired; 

        (x)   To
prescribe the consideration for the grant of each Award or other right under the Plan and to determine the sufficiency of such consideration; 

        (xi)  To
determine the disposition of each Award or other right under the Plan in the event of a Participant's divorce or dissolution of marriage; 

        (xii) To
determine whether Awards under the Plan will be granted in replacement of other grants under an incentive or other compensation plan of an acquired business; 

        (xiii) To
correct any defect, supply any omission, or reconcile any inconsistency in the Plan or any Award agreement; 

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        (xiv) To
establish or verify the extent of satisfaction of any performance goals or other conditions applicable to the grant, issuance, exercisability, vesting and/or
ability to retain any Award; and 

        (xv) To
take any other actions deemed necessary or advisable for the administration of the Plan. 

Subject
to the requirements of applicable law, the Committee may designate persons other than members of the Committee to carry out its responsibilities and may prescribe such conditions and
limitations as it may deem appropriate, except that the Committee may not delegate its authority with regard to the selection for participation of or the granting of Options or other rights under the
Plan to persons subject to Section 16 of the Exchange Act. All decisions, interpretations and other actions of the Committee shall be final and binding on all Offerees, all Optionees, and all
persons deriving their rights from an Offeree or Optionee. No member of the Committee shall be liable for any action that he has taken or has failed to take in good faith with respect to the Plan, any
Option, or any right to acquire Shares under the Plan. 

SECTION 4.    ELIGIBILITY.  

        (a)   General Rule. Only common-law employees of the Company, a Parent or a Subsidiary shall be eligible for the
grant of ISOs. Only Employees, Consultants and Outside Directors shall be eligible for the grant of Restricted Shares, Stock Units, Nonstatutory Options or SARs. 

        (b)   Automatic Grants to Outside Directors. 

        (i)    Each
Outside Director who first joins the Board of Directors on or after the Effective Date, and who was not previously an Employee, shall receive a Nonstatutory Option,
subject to approval of the Plan by the Company's stockholders, to purchase 20,000 Shares (subject to adjustment under Section 11) on the date of his or her election to the Board of Directors.
Twenty-five percent (25%) of the Shares subject to each Option granted under this Section 4(b)(i) shall vest and become exercisable on the first anniversary of the date of
grant. The balance of the Shares subject to such Option (i.e. the remaining seventy-five percent (75%)) shall vest and become exercisable monthly over a 3-year period beginning
on the day which is one month after the first anniversary of the date of grant, at a monthly rate of 2.0833% of the total number of Shares subject to such Option. Notwithstanding the foregoing, each
such Option shall become vested if a Change in Control occurs with respect to the Company during the Optionee's Service. 

        (ii)   On
the first business day following the conclusion of each regular annual meeting of the Company's stockholders, commencing with the annual meeting occurring after the
Effective Date, each Outside Director who was not elected to the Board for the first time at such meeting and who will continue serving as a member of the Board of Directors thereafter shall receive
an Option to purchase 10,000
Shares (subject to adjustment under Section 11), provided that such Outside Director has served on the Board of Directors for at least six months. Each Option granted under this
Section 4(b)(ii) 

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shall
vest and become exercisable on the first anniversary of the date of grant; provided, however, that each such Option shall become exercisable in full immediately prior to the next regular annual
meeting of the Company's stockholders following such date of grant in the event such meeting occurs prior to such first anniversary date. Notwithstanding the foregoing, each Option granted under this
Section 4(b)(ii) shall become vested if a Change in Control occurs with respect to the Company during the Optionee's Service. 

        (iii)  The
Exercise Price of all Nonstatutory Options granted to an Outside Director under this Section 4(b) shall be equal to 100% of the Fair Market Value of a Share
on the date of grant, payable in one of the forms described in Section 8(a), (b) or (d). 

        (iv)  All
Nonstatutory Options granted to an Outside Director under this Section 4(b) shall terminate on the earlier of (A) the day before the tenth anniversary
of the date of grant of such Options or (B) the date twelve months after the termination of such Outside Director's Service for any reason; provided, however, that any such Options that are not
vested upon the termination of the Outside Director's Service as a member of the Board of Directors for any reason shall terminate immediately and may not be exercised. 

        (c)   Ten-Percent Stockholders. An Employee who owns more than 10% of the total combined voting power of all
classes of outstanding stock of the Company, a Parent or Subsidiary shall not be eligible for the grant of an ISO unless such grant satisfies the requirements of Section 422(c)(5) of the Code. 

        (d)   Attribution Rules. For purposes of Section 4(c) above, in determining stock ownership, an Employee shall be deemed
to own the stock owned, directly or indirectly, by or for such Employee's brothers, sisters, spouse, ancestors and lineal descendants. Stock owned, directly or indirectly, by or for a corporation,
partnership, estate or trust shall be deemed to be owned proportionately by or for its stockholders, partners or beneficiaries. 

        (e)   Outstanding Stock. For purposes of Section 4(c) above, "outstanding stock" shall include all stock actually issued
and outstanding immediately after the grant. "Outstanding stock" shall not include shares authorized for issuance under outstanding options held by the Employee or by any other person. 

SECTION 5.    STOCK SUBJECT TO PLAN.  

        (a)   Basic Limitation. Shares offered under the Plan shall be authorized but unissued Shares or treasury Shares. The aggregate
number of Shares authorized for issuance as Awards under the Plan shall not exceed 1,990,000 Shares, plus (x) any Shares subject to outstanding options under the Company's 1997 Stock Option
Plan and 2001 Stock Option Plan (the "Predecessor Plans") on the effective date of this Plan that are subsequently forfeited or terminated for any other reason before being exercised and unvested
shares that are forfeited pursuant to the Company's Predecessor Plans after the effective date of this Plan, such number of additional Shares not to exceed an aggregate of 1,000,000 Shares, and
(y) an annual increase on the first day of each fiscal year during the term of the Plan, beginning January 1, 2007, in an 

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amount
equal to the lesser of (i) 1,750,000 Shares, (ii) 4% of the outstanding Shares on the last day of the immediately preceding year or (iii) an amount determined by the Board.
The limitations of this Section 5(a) shall be subject to adjustment pursuant to Section 11. The number of Shares that are subject to Options or other Awards outstanding at any time under
the Plan shall not exceed the number of Shares which then remain available for issuance under the Plan. The Company, during the term of the Plan, shall at all times reserve and keep available
sufficient Shares to satisfy the requirements of the Plan. 

        (b)   Award Limitation. Subject to the provisions of Section 11, no Participant may receive Options, SARs, Restricted
Shares or Stock Units under the Plan in any calendar year that relate to more than 1,000,000 Shares. 

        (c)   Additional Shares. If Restricted Shares or Shares issued upon the exercise of Options are forfeited, then such Shares
shall again become available for Awards under the Plan. If Stock Units, Options or SARs are forfeited or terminate for any other reason before being exercised, then the corresponding Shares shall
again become available for Awards under the Plan. If Stock Units are settled, then only the number of Shares (if any) actually issued in settlement of such Stock Units shall reduce the number
available under Section 5(a) and the balance shall again become available for Awards under the Plan. If SARs are exercised, then only the number of Shares (if any) actually issued in settlement
of such SARs shall reduce the number available in Section 5(a) and the balance shall again become available for Awards under the Plan. 

SECTION 6.    RESTRICTED SHARES.  

        (a)   Restricted Stock Agreement. Each grant of Restricted Shares under the Plan shall be evidenced by a Restricted Stock
Agreement between the recipient and the Company. Such Restricted Shares shall be subject to all applicable terms of the Plan and may be subject to any other terms that are not inconsistent with the
Plan. The provisions of the various Restricted Stock Agreements entered into under the Plan need not be identical. 

        (b)   Payment for Awards. Subject to the following sentence, Restricted Shares may be sold or awarded under the Plan for such
consideration as the Committee may determine, including (without limitation) cash, cash equivalents, full-recourse promissory notes, past services and future services. 

        (c)   Vesting. Each Award of Restricted Shares may or may not be subject to vesting. Vesting shall occur, in full or in
installments, upon satisfaction of the conditions specified in the Restricted Stock Agreement. A Restricted Stock Agreement may provide for accelerated vesting in the event of the Participant's death,
disability or retirement or other events. The Committee may determine, at the time of granting Restricted Shares of thereafter, that all or part of such Restricted Shares shall become vested in the
event that a Change in Control occurs with respect to the Company. 

        (d)   Voting and Dividend Rights. The holders of Restricted Shares awarded under the Plan shall have the same voting, dividend
and other rights as the Company's other stockholders. A Restricted Stock Agreement, however, may require that the holders of Restricted Shares invest 

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any
cash dividends received in additional Restricted Shares. Such additional Restricted Shares shall be subject to the same conditions and restrictions as the Award with respect to which the dividends
were paid. 

        (e)   Restrictions on Transfer of Shares. Restricted Shares shall be subject to such rights of repurchase, rights of first
refusal or other restrictions as the Committee may determine. Such restrictions shall be set forth in the applicable Restricted Stock Agreement and shall apply in addition to any general restrictions
that may apply to all holders of Shares. 

SECTION 7.    TERMS AND CONDITIONS OF OPTIONS.  

        (a)   Stock Option Agreement. Each grant of an Option under the Plan shall be evidenced by a Stock Option Agreement between the
Optionee and the Company. Such Option shall be subject to all applicable terms and conditions of the Plan and may be subject to any other terms and conditions which are not inconsistent with the Plan
and which the Committee deems appropriate for inclusion in a Stock Option Agreement. The Stock Option Agreement shall specify whether the Option is an ISO or an NSO. The provisions of the various
Stock Option Agreements entered into under the Plan need not be identical. Options may be granted in consideration of a reduction in the Optionee's other compensation. 

        (b)   Number of Shares. Each Stock Option Agreement shall specify the number of Shares that are subject to the Option and shall
provide for the adjustment of such number in accordance with Section 11. 

        (c)   Exercise Price. Each Stock Option Agreement shall specify the Exercise Price. The Exercise Price of an ISO shall not be
less than 100% of the Fair Market Value of a Share on the date of grant, except as otherwise provided in 4(c), and the Exercise Price of an NSO shall not be less 85% of the Fair Market Value of a
Share on the date of grant. Subject to the foregoing in this Section 7(c), the Exercise Price under any Option shall be determined by the Committee at its sole discretion. The Exercise Price
shall be payable in one of the forms described in Section 8. 

        (d)   Withholding Taxes. As a condition to the exercise of an Option, the Optionee shall make such arrangements as the
Committee may require for the satisfaction of any federal, state, local or foreign withholding tax obligations that may arise in connection with such exercise. The Optionee shall also make such
arrangements as the Committee may require for the satisfaction of any federal, state, local or foreign withholding tax obligations that may arise in connection with the disposition of Shares acquired
by exercising an Option. 

        (e)   Exercisability and Term. Each Stock Option Agreement shall specify the date when all or any installment of the Option is
to become exercisable. The Stock Option Agreement shall also specify the term of the Option; provided that the term of an ISO shall in no event exceed 10 years from the date of grant (five
years for Employees described in Section 4(c)). A Stock Option Agreement may provide for accelerated exercisability in the event of the Optionee's death, disability, or retirement or other
events and may provide for expiration prior to the end of its term in the event of the termination of the Optionee's Service. Options may be awarded in combination with SARs, and such an Award may
provide that the Options will not be 

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exercisable
unless the related SARs are forfeited. Subject to the foregoing in this Section 7(e), the Committee at its sole discretion shall determine when all or any installment of an Option
is to become exercisable and when an Option is to expire. 

        (f)    Exercise of Options. Each Stock Option Agreement shall set forth the extent to which the Optionee shall have the right to
exercise the Option following termination of the Optionee's Service with the Company and its Subsidiaries, and the right to exercise the Option of any executors or administrators of the Optionee's
estate or any person who has acquired such Option(s) directly from the Optionee by bequest or inheritance. Such provisions shall be determined in the sole discretion of the Committee, need not be
uniform among all Options issued pursuant to the Plan, and may reflect distinctions based on the reasons for termination of Service. 

        (g)   Effect of Change in Control. The Committee may determine, at the time of granting an Option or thereafter, that such
Option shall become exercisable as to all or part of the Shares subject to such Option in the event that a Change in Control occurs with respect to the Company. 

        (h)   No Rights as a Stockholder. An Optionee, or a transferee of an Optionee, shall have no rights as a stockholder with
respect to any Shares covered by his Option until the date of the issuance of a stock certificate for such Shares. No adjustments shall be made, except as provided in Section 11. 

        (i)    Modification, Extension and Renewal of Options. Within the limitations of the Plan, the Committee may modify, extend or
renew outstanding options or may accept the cancellation of outstanding options (to the extent not previously exercised), whether or not granted hereunder, in return for the grant of new Options for
the same or a different number of Shares and at the same or a different exercise price, or in return for the grant of the same or a different number of Shares. The foregoing notwithstanding, no
modification of an Option shall, without the consent of the Optionee, materially impair his or her rights or obligations under such Option. 

        (j)    Restrictions on Transfer of Shares. Any Shares issued upon exercise of an Option shall be subject to such special
forfeiture conditions, rights of repurchase, rights of first refusal and other transfer restrictions as the Committee may determine. Such restrictions shall be set forth in the applicable Stock Option
Agreement and shall apply in addition to any general restrictions that may apply to all holders of Shares. 

        (k)   Buyout Provisions. The Committee may at any time (a) offer to buy out for a payment in cash or cash equivalents an
Option previously granted or (b) authorize an Optionee to elect to cash out an Option previously granted, in either case at such time and based upon such terms and conditions as the Committee
shall establish. 

SECTION 8.    PAYMENT FOR SHARES.  

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        (a)   General Rule. The entire Exercise Price or Purchase Price of Shares issued under the Plan shall be payable in lawful
money of the United States of America at the time when such Shares are purchased, except as provided in Section 8(b) through Section 8(g) below. 

        (b)   Surrender of Stock. To the extent that a Stock Option Agreement so provides, payment may be made all or in part by
surrendering, or attesting to the ownership of, Shares which have already been owned by the Optionee or his representative. Such Shares shall be valued at their Fair Market Value on the date when the
new Shares are purchased under the Plan. The Optionee shall not surrender, or attest to the ownership of, Shares in payment of the Exercise Price if such action would cause the Company to recognize
compensation expense (or additional compensation expense) with respect to the Option for financial reporting purposes. 

        (c)   Services Rendered. At the discretion of the Committee, Shares may be awarded under the Plan in consideration of services
rendered to the Company or a Subsidiary prior to the award. If Shares are awarded without the payment of a Purchase Price in cash, the Committee shall make a determination (at the time of the award)
of the value of the services rendered by the Offeree and the sufficiency of the consideration to meet the requirements of Section 6(b). 

        (d)   Cashless Exercise. To the extent that a Stock Option Agreement so provides, payment may be made all or in part by
delivery (on a form prescribed by the Committee) of an irrevocable direction to a securities broker to sell Shares and to deliver all or part of the sale proceeds to the Company in payment of the
aggregate Exercise Price. 

        (e)   Exercise/Pledge. To the extent that a Stock Option Agreement so provides, payment may be made all or in part by delivery
(on a form prescribed by the Committee) of an irrevocable direction to a securities broker or lender to pledge Shares, as security for a loan, and to deliver all or part of the loan proceeds to the
Company in payment of the aggregate Exercise Price. 

        (f)    Promissory Note. To the extent that a Stock Option Agreement or Restricted Stock Agreement so provides, payment may be
made all or in part by delivering (on a form prescribed by the Company) a full-recourse promissory note. 

        (g)   Other Forms of Payment. To the extent that a Stock Option Agreement or Restricted Stock Agreement so provides, payment
may be made in any other form that is consistent with applicable laws, regulations and rules. 

        (h)   Limitations under Applicable Law. Notwithstanding anything herein or in a Stock Option Agreement or Restricted Stock
Agreement to the contrary, payment may not be made in any form that is unlawful, as determined by the Committee in its sole discretion. 

SECTION 9.    STOCK APPRECIATION RIGHTS.  

        (a)   SAR Agreement. Each grant of a SAR under the Plan shall be evidenced by a SAR Agreement between the Optionee and the
Company. Such SAR shall be subject to all applicable terms of the Plan and may be subject to any other terms that are not inconsistent with the Plan. 

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The
provisions of the various SAR Agreements entered into under the Plan need not be identical. SARs may be granted in consideration of a reduction in the Optionee's other compensation. 

        (b)   Number of Shares. Each SAR Agreement shall specify the number of Shares to which the SAR pertains and shall provide for
the adjustment of such number in accordance with Section 11. 

        (c)   Exercise Price. Each SAR Agreement shall specify the Exercise Price. A SAR Agreement may specify an Exercise Price that
varies in accordance with a predetermined formula while the SAR is outstanding. 

        (d)   Exercisability and Term. Each SAR Agreement shall specify the date when all or any installment of the SAR is to become
exercisable. The SAR Agreement shall also specify the term of the SAR. A SAR Agreement may provide for accelerated exercisability in the event of the Optionee's death, disability or retirement or
other events and may provide for expiration prior to the end of its term in the event of the termination of the Optionee's service. SARs may be awarded in combination with Options, and such an Award
may provide that the SARs will not be exercisable unless the related Options are forfeited. A SAR may be included in an ISO only at the time of grant but may be included in an NSO at the time of grant
or thereafter. A SAR granted under the Plan may provide that it will be exercisable only in the event of a Change in Control. 

        (e)   Effect of Change in Control. The Committee may determine, at the time of granting a SAR or thereafter, that such SAR
shall become fully exercisable as to all Common Shares subject to such SAR in the event that a Change in Control occurs with respect to the Company. 

        (f)    Exercise of SARs. Upon exercise of a SAR, the Optionee (or any person having the right to exercise the SAR after his or
her death) shall receive from the Company (a) Shares, (b) cash or (c) a combination of Shares and cash, as the Committee shall determine. The amount of cash and/or the Fair Market
Value of Shares received upon exercise of SARs shall, in the aggregate, be equal to the amount by which the Fair Market Value (on the date of surrender) of the Shares subject to the SARs exceeds the
Exercise Price. 

        (g)   Modification or Assumption of SARs. Within the limitations of the Plan, the Committee may modify, extend or assume
outstanding SARs or may accept the cancellation of outstanding SARs (whether granted by the Company or by another issuer) in return for the grant of new SARs for the same or a different number of
shares and at the same or a different exercise price. The foregoing notwithstanding, no modification of a SAR shall, without the consent of the holder, materially impair his or her rights or
obligations under such SAR. 

        (h)   Buyout Provisions. The Committee may at any time (a) offer to buy out for a payment in cash or cash equivalents a
SAR previously granted, or (b) authorize an Optionee to elect to cash out a SAR previously granted, in either case at such time and based upon such terms and conditions as the Committee shall
establish. 

SECTION 10.    STOCK UNITS.  

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        (a)   Stock Unit Agreement. Each grant of Stock Units under the Plan shall be evidenced by a Stock Unit Agreement between the
recipient and the Company. Such Stock Units shall be subject to all applicable terms of the Plan and may be subject to any other terms that are not inconsistent with the Plan. The provisions of the
various Stock Unit Agreements entered into under the Plan need not be identical. Stock Units may be granted in consideration of a reduction in the recipient's other compensation. 

        (b)   Payment for Awards. To the extent that an Award is granted in the form of Stock Units, no cash consideration shall be
required of the Award recipients. 

        (c)   Vesting Conditions. Each Award of Stock Units may or may not be subject to vesting. Vesting shall occur, in full or in
installments, upon satisfaction of the conditions specified in the Stock Unit Agreement. A Stock Unit Agreement may provide for accelerated vesting in the event of the Participant's death, disability
or retirement or other events. The Committee may determine, at the time of granting Stock Units or thereafter, that all or part of such Stock Units shall become vested in the event that a Change in
Control occurs with respect to the Company. 

        (d)   Voting and Dividend Rights. The holders of Stock Units shall have no voting rights. Prior to settlement or forfeiture,
any Stock Unit awarded under the Plan may, at the Committee's discretion, carry with it a right to dividend equivalents. Such right entitles the holder to be credited with an amount equal to all cash
dividends paid on one Share while the Stock Unit is outstanding. Dividend equivalents may be converted into additional Stock Units. Settlement of dividend equivalents may be made in the form of cash,
in the form of Shares, or in a combination of both. Prior to distribution, any dividend equivalents which are not paid shall be subject to the same conditions and restrictions (including without
limitation, any forfeiture conditions) as the Stock Units to which they attach. 

        (e)   Form and Time of Settlement of Stock Units. Settlement of vested Stock Units may be made in the form of (a) cash,
(b) Shares or (c) any combination of both, as determined by the Committee. The actual number of Stock Units eligible for settlement may be larger or smaller than the number included in
the original Award, based on predetermined performance factors. Methods of converting Stock Units into cash may include (without limitation) a method based on the average Fair Market Value of Shares
over a series of trading days. Vested Stock Units may be settled in a lump sum or in installments. The distribution may occur or commence when all vesting conditions applicable to the Stock Units have
been satisfied or have lapsed, or it may be deferred to any later date. The amount of a deferred distribution may be increased by an interest factor or by dividend equivalents. Until an Award of Stock
Units is settled, the number of such Stock Units shall be subject to adjustment pursuant to Section 11. 

        (f)    Death of Recipient. Any Stock Units Award that becomes payable after the recipient's death shall be distributed to the
recipient's beneficiary or beneficiaries. Each recipient of a Stock Units Award under the Plan shall designate one or more beneficiaries for this purpose by filing the prescribed form with the
Company. A beneficiary designation may be changed by filing the prescribed form with the Company at any time before the Award recipient's death. If no beneficiary was designated or if no designated
beneficiary survives the Award recipient, then 

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any
Stock Units Award that becomes payable after the recipient's death shall be distributed to the recipient's estate. 

        (g)   Creditors' Rights. A holder of Stock Units shall have no rights other than those of a general creditor of the Company.
Stock Units represent an unfunded and unsecured obligation of the Company, subject to the terms and conditions of the applicable Stock Unit Agreement. 

SECTION 11.    ADJUSTMENT OF SHARES.  

        (a)   Adjustments. In the event of a subdivision of the outstanding Stock, a declaration of a dividend payable in Shares, a
declaration of a dividend payable in a form other than Shares in an amount that has a material effect on the price of Shares, a combination or consolidation of the outstanding Stock (by
reclassification or otherwise) into a lesser number of Shares, a recapitalization, a spin-off or a similar occurrence, the Committee shall make such adjustments as it, in its sole
discretion, deems appropriate in one or more of: 

        (i)    The
number of Options, SARs, Restricted Shares and Stock Units available for future Awards under Section 5; 

        (ii)   The
limitations set forth in Sections 5(a) and (b); 

        (iii)  The
number of NSOs to be granted to Outside Directors under Section 4(b); 

        (iv)  The
number of Shares covered by each outstanding Option and SAR; 

        (v)   The
Exercise Price under each outstanding Option and SAR; or 

        (vi)  The
number of Stock Units included in any prior Award which has not yet been settled. 

Except
as provided in this Section 11, a Participant shall have no rights by reason of any issue by the Company of stock of any class or securities convertible into stock of any class, any
subdivision or consolidation of shares of stock of any class, the payment of any stock dividend or any other increase or decrease in the number of shares of stock of any class. 

        (b)   Dissolution or Liquidation. To the extent not previously exercised or settled, Options, SARs and Stock Units shall
terminate immediately prior to the dissolution or liquidation of the Company. 

        (c)   Reorganizations. In the event that the Company is a party to a merger or other reorganization, outstanding Awards shall
be subject to the agreement of merger or reorganization. Such agreement shall provide for: 

        (i)    The
continuation of the outstanding Awards by the Company, if the Company is a surviving corporation; 

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        (ii)   The
assumption of the outstanding Awards by the surviving corporation or its parent or subsidiary; 

        (iii)  The
substitution by the surviving corporation or its parent or subsidiary of its own awards for the outstanding Awards; 

        (iv)  Full
exercisability or vesting and accelerated expiration of the outstanding Awards; or 

        (v)   Settlement
of the full value of the outstanding Awards in cash or cash equivalents followed by cancellation of such Awards. 

        (d)   Reservation of Rights. Except as provided in this Section 11, an Optionee or Offeree shall have no rights by
reason of any subdivision or consolidation of shares of stock of any class, the payment of any dividend or any other increase or decrease in the number of shares of stock of any class. Any issue by
the Company of shares of stock of any class, or securities convertible into shares of stock of any class, shall not affect, and no adjustment by reason thereof shall be made with respect to, the
number or Exercise Price of Shares subject to an Option. The grant of an Option pursuant to the Plan shall not affect in any way the right or power of the Company to make adjustments,
reclassifications, reorganizations or changes of its capital or business structure, to merge or consolidate or to dissolve, liquidate, sell or transfer all or any part of its business or assets. 

SECTION 12.    DEFERRAL OF AWARDS.  

        (a)   Committee Powers. The Committee (in its sole discretion) may permit or require a Participant to: 

        (i)    Have
cash that otherwise would be paid to such Participant as a result of the exercise of a SAR or the settlement of Stock Units credited to a deferred compensation
account established for such Participant by the Committee as an entry on the Company's books; 

        (ii)   Have
Shares that otherwise would be delivered to such Participant as a result of the exercise of an Option or SAR converted into an equal number of Stock Units; or 

        (iii)  Have
Shares that otherwise would be delivered to such Participant as a result of the exercise of an Option or SAR or the settlement of Stock Units converted into
amounts credited to a deferred compensation account established for such Participant by the Committee as an entry on the Company's books. Such amounts shall be determined by reference to the Fair
Market Value of such Shares as of the date when they otherwise would have been delivered to such Participant. 

        (b)   General Rules. A deferred compensation account established under this Section 12 may be credited with interest or
other forms of investment return, as determined by the Committee. A Participant for whom such an account is established shall have no rights other than those of a general creditor of the Company. Such
an account shall represent an unfunded and 

TECHWELL, INC.

2006 STOCK INCENTIVE PLAN

- 16 -

 

unsecured
obligation of the Company and shall be subject to the terms and conditions of the applicable agreement between such Participant and the Company. If the deferral or conversion of Awards is
permitted or required, the Committee (in its sole discretion) may establish rules, procedures and forms pertaining to such Awards, including (without limitation) the settlement of deferred
compensation accounts established under this Section 12. 

SECTION 13.    AWARDS UNDER OTHER PLANS.  

        The Company may grant awards under other plans or programs. Such awards may be settled in the form of Shares issued under this Plan. Such Shares shall be treated
for all purposes under the Plan like Shares issued in settlement of Stock Units and shall, when issued, reduce the number of Shares available under Section 5. 

SECTION 14.    PAYMENT OF DIRECTOR'S FEES IN SECURITIES.  

        (a)   Effective Date. No provision of this Section 14 shall be effective unless and until the Board has determined to
implement such provision. 

        (b)   Elections to Receive NSOs, Restricted Shares or Stock Units. An Outside Director may elect to receive his or her annual
retainer payments and/or meeting fees from the Company in the form of cash, NSOs, Restricted Shares or Stock Units, or a combination thereof, as determined by the Board. Such NSOs, Restricted Shares
and Stock Units shall be issued under the Plan. An election under this Section 14 shall be filed with the Company on the prescribed form. 

        (c)   Number and Terms of NSOs, Restricted Shares or Stock Units. The number of NSOs, Restricted Shares or Stock Units to be
granted to Outside Directors in lieu of annual retainers and meeting fees that would otherwise be paid in cash shall be calculated in a manner determined by the Board. The terms of such NSOs,
Restricted Shares or Stock Units shall also be determined by the Board. 

SECTION 15.    LEGAL AND REGULATORY REQUIREMENTS.  

        Shares shall not be issued under the Plan unless the issuance and delivery of such Shares complies with (or is exempt from) all applicable requirements of law,
including (without limitation) the Securities Act of 1933, as amended, the rules and regulations promulgated thereunder, state securities laws and regulations and the regulations of any stock exchange
on which the Company's securities may then be listed, and the Company has obtained the approval or favorable ruling from any governmental agency which the Company determines is necessary or advisable.
The Company shall not be liable to a Participant or other persons as to: (a) the non-issuance or sale of Shares as to which the Company has been unable to obtain from any regulatory
body having jurisdiction the authority deemed by the Company's counsel to be necessary to the lawful issuance and sale of any Shares under the Plan; and (b) any tax consequences expected, but
not realized, by any Participant or other person due to the receipt, exercise or settlement of any Award granted under the Plan. 

SECTION 16.    WITHHOLDING TAXES.  

TECHWELL, INC.

2006 STOCK INCENTIVE PLAN

- 17 -

 

        (a)   General. To the extent required by applicable federal, state, local or foreign law, a Participant or his or her successor
shall make arrangements satisfactory to the Company for the satisfaction of any withholding tax obligations that arise in connection with the Plan. The Company shall not be required to issue any
Shares or make any cash payment under the Plan until such obligations are satisfied. 

        (b)   Share Withholding. The Committee may permit a Participant to satisfy all or part of his or her withholding or income tax
obligations by having the Company withhold all or a portion of any Shares that otherwise would be issued to him or her or by surrendering all or a portion of any Shares that he or she previously
acquired. Such Shares shall be valued at their Fair Market Value on the date when taxes otherwise would be withheld in cash. In no event may a Participant have Shares withheld that would otherwise be
issued to him or her in excess of the number necessary to satisfy the legally required minimum tax withholding. 

SECTION 17.    OTHER PROVISIONS APPLICABLE TO AWARDS.  

        (a)   Transferability. Unless the agreement evidencing an Award (or an amendment thereto authorized by the Committee) expressly
provides otherwise, no Award granted under this Plan, nor any interest in such Award, may be sold, assigned, conveyed, gifted, pledged, hypothecated or otherwise transferred in any manner (prior to
the vesting and lapse of any and all restrictions applicable to Shares issued under such Award), other than by will or the laws of descent and distribution; provided, however, that an ISO may be
transferred or assigned only to the extent consistent with Section 422 of the Code. Any purported assignment, transfer or encumbrance in violation of this Section 17(a) shall be void and
unenforceable against the Company. 

        (b)   Qualifying Performance Criteria. The number of Shares or other benefits granted, issued, retainable and/or vested under
an Award may be made subject to the attainment of performance goals for a specified period of time relating to one or more of the following performance criteria, either individually, alternatively or
in any combination, applied to either the Company as a whole or to a business unit or Subsidiary, either individually, alternatively or in any combination, and measured either annually or cumulatively
over a period of years, on an absolute basis or relative to a pre-established target, to previous years' results or to a designated comparison group or index, in each case as specified by
the Committee in the Award: (a) cash flow, (b) earnings per share, (c) earnings before interest, taxes and amortization, (d) return on equity, (e) total stockholder
return, (f) share price performance, (g) return on capital, (h) return on assets or net assets, (i) revenue, (j) income or net income, (k) operating income or
net operating income, (l) operating profit or net operating profit, (m) operating margin or profit margin, (n) return on operating revenue, (o) return on invested capital,
or (p) market segment shares ("Qualifying Performance Criteria"). The Committee may appropriately adjust any evaluation of performance under a Qualifying Performance Criteria to exclude any of
the following events that occurs during a performance period: (i) asset write-downs, (ii) litigation or claim judgments or settlements, (iii) the effect of changes in tax law,
accounting principles or other such laws or provisions affecting reported results, (iv) accruals for reorganization and restructuring programs and (v) any extraordinary nonrecurring
items as described in Accounting Principles Board Opinion No. 30 and/or in managements' discussion and analysis of financial condition and results of operations appearing in the Company's
annual report to stockholders for 

TECHWELL, INC.

2006 STOCK INCENTIVE PLAN

- 18 -

 

the
applicable year. If applicable, the Committee shall determine the Qualifying Performance Criteria not later than the 90th day of the performance period, and shall determine and
certify, for each Participant, the extent to which the Qualifying Performance Criteria have been met. The Committee may not in any event increase the amount of compensation payable under the Plan upon
the attainment of a Qualifying Performance Goal to a Participant who is a "covered employee" within the meaning of Section 162(m) of the Code. 

SECTION 18.    NO EMPLOYMENT RIGHTS.  

        No provision of the Plan, nor any right or Option granted under the Plan, shall be construed to give any person any right to become, to be treated as, or to
remain an Employee. The Company and its Subsidiaries reserve the right to terminate any person's Service at any time and for any reason, with or without notice. 

SECTION 19.    DURATION AND AMENDMENTS.  

        (a)   Term of the Plan. The Plan, as set forth herein, shall terminate automatically on November 17, 2015 and may be
terminated on any earlier date pursuant to Subsection (b) below. 

        (b)   Right to Amend or Terminate the Plan. The Board of Directors may amend the Plan at any time and from time to time. Rights
and obligations under any Award granted before amendment of the Plan shall not be materially impaired by such amendment, except with consent of the Participant. An amendment of the Plan shall be
subject to the approval of the Company's stockholders only to the extent required by applicable laws, regulations or rules. 

TECHWELL, INC.

2006 STOCK INCENTIVE PLAN

- 19 -

 

        (c)   Effect of Termination. No Awards shall be granted under the Plan after the termination thereof. The termination of the
Plan shall not affect Awards previously granted under the Plan. 

[Remainder
of this page intentionally left blank] 

TECHWELL, INC.

2006 STOCK INCENTIVE PLAN

- 20 -

 

SECTION 20.    EXECUTION.  

        To record the adoption of the Plan by the Board of Directors, the Company has caused its authorized officer to execute the same. 

	 	 	TECHWELL, INC.

  
	

 	
 	

By	

  

	

 	
 	

Name	

  

	

 	
 	

Title	

  

TECHWELL, INC.

2006 STOCK INCENTIVE PLAN

- 21 -

  

 
 
 

TECHWELL, INC.    
    
    2006 STOCK INCENTIVE PLAN    
    
    NOTICE OF STOCK OPTION GRANT    
    

        You have been granted the following Option to purchase Common Stock of TECHWELL, INC. (the "Company") under the Company's 2006 Stock Incentive Plan (the
"Plan"): 

	Name of Optionee:	 	[Name of Optionee]
	

Total Number of Option Shares Granted:	
 	

[Total Number of Shares]
	

Type of Option:	
 	

o  Incentive Stock Option
	

 	
 	

o  Nonstatutory Stock Option
	

Exercise Price Per Share:	
 	

$                        
	

Grant Date:	
 	

[Date of Grant]
	

Vesting Commencement Date:	
 	

[Vesting Commencement Date]
	

Vesting Schedule:	
 	

This Option becomes exercisable with respect to the first 1/4th of the shares subject to this Option when you complete 12 months of continuous Service as an Employee or a Consultant from the Vesting Commencement Date. Thereafter, this
Option becomes exercisable with respect to an additional 1/48th of the shares subject to this Option when you complete each additional month of such Service
	

Expiration Date:	
 	

[Expiration Date] This Option expires earlier if your Service terminates earlier, as described in the Stock Option Agreement.

        By
your signature and the signature of the Company's representative below, you and the Company agree that this Option is granted under and governed by the term and conditions of the Plan
and the Stock Option Agreement, both of which are attached to and made a part of this document. 

        By
signing this document you further agree that the Company may deliver by e-mail all documents relating to the Plan or this award (including without limitation, prospectuses
required by the Securities and Exchange Commission) and all other documents that the Company is required to deliver to its security holders (including without limitation, annual reports and proxy
statements). You also agree that the Company may deliver these documents by posting them on a website maintained by the Company or by a third party under contract with the Company. If the Company
posts these documents on a website, it will notify you by e-mail. 

TECHWELL, INC.

NOTICE OF STOCK OPTION GRANT

- 1 -

 

	OPTIONEE:

  	 	TECHWELL, INC.

  
	

  
 Optionee's Signature	
 	

By:	

  

	

  
 Optionee's Printed Name	
 	

Title:	

  

TECHWELL, INC.

NOTICE OF STOCK OPTION GRANT

- 2 -

  

 
 
 

TECHWELL, INC.    
    
    2006 STOCK INCENTIVE PLAN    
    
    STOCK OPTION AGREEMENT    
    

	Tax Treatment	 	This Option is intended to be an incentive stock option under Section 422 of the Internal Revenue Code or a nonstatutory option, as provided in the Notice of Stock Option Grant. Even if this Option is designated as an
incentive stock option, it shall be deemed to be a nonstatutory option to the extent required by the $100,000 annual limitation under Section 422(d) of the Internal Revenue Code.
	

Vesting	
 	

This Option becomes exercisable in installments, as shown in the Notice of Stock Option Grant. This Option will in no event become exercisable for additional shares after your Service as an Employee or a Consultant has terminated for any
reason.
	

Term	
 	

This Option expires in any event at the close of business at Company headquarters on the day before the 10th anniversary of the Grant Date, as shown on the Notice of Stock Option Grant (fifth anniversary for a more than 10% stockholder as provided
under the Plan if this is an incentive stock option). This Option may expire earlier if your Service terminates, as described below.
	

Regular

Termination	
 	

If your Service terminates for any reason except death or "Total and Permanent Disability" (as defined in the Plan), then this Option will expire at the close of business at Company headquarters on the date three (3) months after the date your
Service terminates (or, if earlier, the Expiration Date). The Company has discretion to determine when your Service terminates for all purposes of the Plan and its determinations are conclusive and binding on all persons.
	

Death	
 	

If your Service terminates because of death, then this Option will expire at the close of business at Company headquarters on the date 12 months after the date your Service terminates (or, if earlier, the Expiration Date). During that period of up to
12 months, your estate or heirs may exercise the Option.
	

Disability	
 	

If your Service terminates because of your Total and Permanent Disability, then this Option will expire at the close of business at Company headquarters on the date 12 months after the date your Service terminates (or, if earlier, the Expiration
Date).
	

Leaves of Absence	
 	

For purposes of this Option, your Service does not terminate when you go on a military leave, a sick leave or another bona fide leave of absence, if the leave was approved by the Company in writing and
if continued crediting of Service is required by the terms of the leave or by applicable law. But your Service terminates when the approved leave ends, unless
	 	 	 	 

TECHWELL, INC.

STOCK OPTION AGREEMENT

- 1 -

 

	

 	
 	

you immediately return to active work.
	

 	
 	

If you go on a leave of absence, then the vesting schedule specified in the Notice of Stock Option Grant may be adjusted in accordance with the Company's leave of absence policy or the terms of your leave. If you commence working on a part-time basis,
 then the vesting schedule specified in the Notice of Stock Option Grant may be adjusted in accordance with the Company's part-time work policy or the terms of an agreement between you and the Company pertaining to your part-time
schedule.
	

Restrictions on

Exercise	
 	

The Company will not permit you to exercise this Option if the issuance of shares at that time would violate any law or regulation. The inability of the Company to obtain approval from any regulatory body having authority deemed by the Company to be
necessary to the lawful issuance and sale of the Company stock pursuant to this Option shall relieve the Company of any liability with respect to the non-issuance or sale of the Company stock as to which such approval shall not have been obtained.
However, the Company shall use its best efforts to obtain such approval.
	

Notice of Exercise	
 	

When you wish to exercise this Option you must notify the Company by completing the attached "Notice of Exercise of Stock Option" form and filing it with the Human Resources Department of the Company. Your notice must specify how many shares you wish
to purchase. Your notice must also specify how your shares should be registered. The notice will be effective when it is received by the Company. If someone else wants to exercise this Option after your death, that person must prove to the Company's
satisfaction that he or she is entitled to do so.
	

Form of Payment	
 	

When you submit your notice of exercise, you must include payment of the Option exercise price for the shares you are purchasing. Payment may be made in the following form(s):
	

 	
 	

•	

Your personal check, a cashier's check or a money order.
	

 	
 	

•	

Certificates for shares of Company stock that you own, along with any forms needed to effect a transfer of those shares to the Company. The value of the shares, determined as of the effective date of the Option exercise, will be applied to the Option
exercise price. Instead of surrendering shares of Company stock, you may attest to the ownership of those shares on a form provided by the Company and have the same number of shares subtracted from the Option shares issued to you. However, you may
not surrender, or attest to the ownership of shares of Company stock in payment of the exercise price if your action would cause the Company to recognize a compensation expense (or additional compensation expense) with respect to this Option for
financial reporting purposes.
	

 	
 	

•	

By delivery on a form approved by the Committee of an irrevocable direction to a securities broker approved by the Company to sell all or
	 	 	 	 

TECHWELL, INC.

STOCK OPTION AGREEMENT

- 2 -

 

	

 	
 	

 	

part of your Option shares and to deliver to the Company from the sale proceeds an amount sufficient to pay the Option exercise price and any withholding taxes. The balance of the sale proceeds, if any, will be delivered to you. The directions must
be given by signing a special "Notice of Exercise" form provided by the Company.
	

 	
 	

•	

By delivery on a form approved by the Committee of an irrevocable direction to a securities broker or lender approved by the Company to pledge Option shares as security for a loan and to deliver to the Company from the loan proceeds an amount
sufficient to pay the Option exercise price and any withholding taxes. The directions must be given by signing a special "Notice of Exercise" form provided by the Company.
	

 	
 	

•	

Any other form permitted by the Committee in its sole discretion.
	

 	
 	

Notwithstanding the foregoing, payment may not be made in any form that is unlawful, as determined by the Committee in its sole discretion.
	

Withholding

Taxes and Stock

Withholding	
 	

You will not be allowed to exercise this Option unless you make arrangements acceptable to the Company to pay any withholding taxes that may be due as a result of the Option exercise. These arrangements may include withholding shares of Company stock
that otherwise would be issued to you when you exercise this Option. The value of these shares, determined as of the effective date of the Option exercise, will be applied to the withholding taxes.
	

Restrictions on

Resale	
 	

By signing this Agreement, you agree not to sell any Option shares at a time when applicable laws, Company policies or an agreement between the Company and its underwriters prohibit a sale. This restriction will apply as long as you are an employee,
consultant or director of the Company or a subsidiary of the Company.
	

Transfer of Option	
 	

In general, only you can exercise this Option prior to your death. You cannot transfer or assign this Option, other than as designated by you by will or by the laws of descent and distribution, except as provided below. For instance, you may not sell
this Option or use it as security for a loan. If you attempt to do any of these things, this Option will immediately become invalid. You may in any event dispose of this Option in your will. Regardless of any marital property settlement agreement,
the Company is not obligated to honor a notice of exercise from your former spouse, nor is the Company obligated to recognize your former spouse's interest in your Option in any other way.
	

 	
 	

However, if this Option is designated as a nonstatutory stock option in the Notice of Stock Option Grant, then the Committee may, in its sole discretion, allow you to transfer this Option as a gift to one or more family members. For purposes of this
Agreement, "family member" means a child, stepchild, grandchild, parent, stepparent, grandparent, spouse, former spouse, sibling, niece, nephew, mother-in-law, father-in-law, or
	 	 	 	 

TECHWELL, INC.

STOCK OPTION AGREEMENT

- 3 -

 

	

 	
 	

sister-in-law (including adoptive relationships), any individual sharing your household (other than a tenant or employee), a trust in which one or more of these individuals have more than 50% of the beneficial interest, a foundation in which you or
one or more of these persons control the management of assets, and any entity in which you or one or more of these persons own more than 50% of the voting interest.
	

 	
 	

In addition, if this Option is designated as a nonstatutory stock option in the Notice of Stock Option Grant, then the Committee may, in its sole discretion, allow you to transfer this option to your spouse or former spouse pursuant to a domestic
relations order in settlement of marital property rights.
	

 	
 	

The Committee will allow you to transfer this Option only if both you and the transferee(s) execute the forms prescribed by the Committee, which include the consent of the transferee(s) to be bound by this Agreement.
	

Retention Rights	
 	

Neither your Option nor this Agreement gives you the right to be retained by the Company or a subsidiary of the Company in any capacity. The Company and its subsidiaries reserve the right to terminate your Service at any time, with or without
cause.
	

Stockholder

Rights	
 	

You, or your estate or heirs, have no rights as a stockholder of the Company until you have exercised this Option by giving the required notice to the Company and paying the exercise price. No adjustments are made for dividends or other rights if the
applicable record date occurs before you exercise this Option, except as described in the Plan.
	

Adjustments	
 	

In the event of a stock split, a stock dividend or a similar change in Company stock, the number of shares covered by this Option and the exercise price per share may be adjusted pursuant to the Plan.
	

Applicable Law	
 	

This Agreement will be interpreted and enforced under the laws of the State of Delaware (without regard to their choice-of-law provisions).
	

The Plan and

Other Agreements	
 	

The text of the Plan is incorporated in this Agreement by reference. All capitalized terms in the Stock Option Agreement shall have the meanings assigned to them in the Plan. This Agreement and the Plan constitute the entire understanding between you
and the Company regarding this Option. Any prior agreements, commitments or negotiations concerning this Option are superseded. This Agreement may be amended only by another written agreement, signed by both parties.

BY SIGNING THE COVER SHEET OF THIS AGREEMENT,

YOU AGREE TO ALL OF THE TERMS AND CONDITIONS

DESCRIBED ABOVE AND IN THE PLAN.

TECHWELL, INC.

STOCK OPTION AGREEMENT

- 4 -

  

 
 
 

TECHWELL, INC.
  2006 STOCK INCENTIVE PLAN    
    
    NOTICE OF EXERCISE OF STOCK OPTION    
    

You must sign this Notice on the last page before submitting

it to the Company  

OPTIONEE INFORMATION:  

	 	 	 	Social Security	 
	Name:	  
	 	Number:	  

	

Address:	

  
	
 	

Employee Number:	

  

OPTION INFORMATION:  

	Date of Grant:                         ,
200    	 	Type of Stock Option:
	Exercise Price per Share: $                        	 	o    Nonstatutory (NSO)
	Total number of shares of Common Stock of

Techwell, Inc. (the "Company") covered by

option:                   	 	o    Incentive (ISO)

EXERCISE INFORMATION:  

Number
of shares of Common Stock of the Company for which option is being exercised now:                   . (These shares are referred to below as the
"Purchased Shares.") 

Total
exercise price for the Purchased Shares: $                         

Form
of payment enclosed [check all that apply]:

	o
	Check
for $                  , payable to "Techwell, Inc."

	o
	Certificate(s)
for                          shares of Common Stock of the Company that I have owned for at least
six months or have purchased in the open market. (These shares will be valued as of the date when the Company receives this notice.)

	o
	Attestation
Form covering                    shares of Common Stock of the Company. (These shares will be
valued as of the date when the Company receives this notice.) 

TECHWELL, INC.

NOTICE OF EXERCISE OF STOCK OPTION

- 1 -

 

Name(s) in which the Purchased Shares should be registered
 [please check one box]:

	o	In my name only	 
	

o	

In the names of my spouse and

myself as community property	

My spouse's name (if applicable):

  

	o	In the names of my spouse and

myself as joint tenants with the

right of survivorship	 
	

o	

In the name of an eligible

revocable trust	

Full legal name of revocable trust:

  
  
  

	

The certificate for the Purchased Shares

should be sent to the following address:	

  
  
  
  

ACKNOWLEDGMENTS:  

	1.
	I
understand that all sales of Purchased Shares are subject to compliance with the Company's policy on securities trades.

	2.
	I
hereby acknowledge that I received and read a copy of the prospectus describing the Company's 2006 Stock Incentive Plan and the tax consequences of an exercise.

	3.
	In
the case of a nonstatutory option, I understand that I must recognize ordinary income equal to the spread between the fair market value of the Purchased Shares on the date of
exercise and the exercise price. I further understand that I am required to pay withholding taxes at the time of exercising a nonstatutory option.

	4.
	In
the case of an incentive stock option, I agree to notify the Company if I dispose of the Purchased Shares before I have met both of the tax holding periods applicable to incentive
stock options (that is, if I make a disqualifying disposition).

	5.
	I
acknowledge that the Company has encouraged me to consult my own adviser to determine the form of ownership that is appropriate for me. In the event that I choose to transfer my
Purchased Shares to a trust that does not satisfy the requirements of the Internal Revenue Service (i.e., a trust that is not an eligible revocable trust), I also acknowledge that the transfer will be
treated as a "disposition" for incentive stock option tax purposes. As a result, the favorable incentive stock option tax treatment will be unavailable and other unfavorable tax consequences may
occur. 

TECHWELL, INC.

NOTICE OF EXERCISE OF STOCK OPTION

- 2 -

 

SIGNATURE AND DATE:  

	

  
	
 	

  
	
 	

  
	

, 200	

  
	
 	

 

TECHWELL, INC.

NOTICE OF EXERCISE OF STOCK OPTION

- 3 -

  

 
 
 

TECHWELL, INC.
  2006 STOCK INCENTIVE PLAN
  NOTICE OF RESTRICTED STOCK AWARD    
    

        You have been granted restricted shares of Common Stock of Techwell, Inc. (the "Company") on the following terms: 

	
Date of Grant:	
 	

[Date of Grant]
	
Name of Recipient:	
 	

[Name of Recipient]
	
Total Number of Shares Granted:	
 	

[Total Shares]
	
Fair Market Value per Share:	
 	

$[Value Per Share]
	
Total Fair Market Value Of Award:	
 	

$[Total Value]
	
Vesting Commencement Date:	
 	

[Vest Day]
	
Vesting Schedule:	
 	

The first [Cliff Percent]% of the shares subject to this award vest when you complete [Cliff Period] months of continuous Service as an Employee or a Consultant from the Vesting Commencement Date. Thereafter, an additional [Percent]% of the shares
subject to this award vest when you complete each month of Service.

TECHWELL, INC.

NOTICE OF RESTRICTED STOCK AWARD

- 1 -

 

        By signing this document, you and the Company agree that these shares are granted under and governed by the terms and conditions of the Techwell, Inc. 2006
Stock Incentive Plan (the "Plan") and the Restricted Stock Agreement, which is attached to and made a part of this document.

        By signing this document you further agree that the Company may deliver by e-mail all documents relating to the Plan or this award (including without
limitation, prospectuses required by the Securities and Exchange Commission) and all other documents that the Company is required to deliver to its security holders (including without limitation,
annual reports and proxy statements). You also agree that the Company may deliver these documents by posting them on a website maintained by the Company or by a third party under contract with the
Company. If the Company posts these documents on a website, it will notify you by e-mail.

	[NAME OF RECIPIENT]	 	TECHWELL, INC.
	

 	
 	

By:	
 	

 
	
	 	 	 	

	

 	
 	

Title:	
 	

 
	 	 	 	 	

TECHWELL, INC.

NOTICE OF RESTRICTED STOCK AWARD

- 2 -

  

 
 
 

TECHWELL, INC.
  2006 STOCK INCENTIVE PLAN
  RESTRICTED STOCK AGREEMENT    
    

SECTION 1.    PAYMENT FOR SHARES.  

        No payment is required for the shares that you are receiving. 

SECTION 2.    GOVERNING PLAN.  

        The shares that you are receiving are granted pursuant and subject in all respects to the applicable provisions of the Techwell, Inc. 2006 Stock Incentive
Plan (the "Plan"), which is incorporated herein by reference. Terms not otherwise defined in this Agreement have meanings ascribed to them in the Plan. 

SECTION 3.    VESTING.  

        The shares that you are receiving will vest in installments, as shown in the Notice of Restricted Stock Award. 

        No
additional shares vest after your Service as an Employee or a Consultant has terminated for any reason. 

SECTION 4.    SHARES RESTRICTED.  

        Unvested shares will be considered "Restricted Shares." You may not sell, transfer, pledge or otherwise dispose of Restricted Shares without the written consent
of the Company, except as provided in the next sentence. You may transfer Restricted Shares to your spouse, children or grandchildren or to a trust established by you for the benefit of yourself or
your spouse, children or grandchildren. However, a transferee of Restricted Shares must agree in writing on a form prescribed by the Company to be bound by all provisions of this Agreement. 

SECTION 5.    FORFEITURE.  

        If your Service terminates for any reason, then your shares will be forfeited to the extent that they have not vested before the termination date and do not vest
as a result of termination. This means that the Restricted Shares will immediately revert to the Company. You receive no payment for Restricted Shares that are forfeited. The Company determines when
your Service terminates for this purpose. 

SECTION 6.    LEAVES OF ABSENCE AND PART-TIME WORK.  

        For purposes of this award, your Service does not terminate when you go on a military leave, a sick leave or another bona
fide leave of absence, if the leave was approved by the Company in writing and if continued crediting of Service is required by applicable law, 

TECHWELL, INC.

RESTRICTED STOCK AGREEMENT

- 1 -

 

the
Company's leave of absence policy or the terms of your leave. But your Service terminates when the approved leave ends, unless you immediately return to active work. 

        If
you go on a leave of absence, then the vesting schedule specified in the Notice of Restricted Stock Award may be adjusted in accordance with the Company's leave of absence policy or
the terms of your leave. If you commence working on a part-time basis, then the vesting schedule specified in the Notice of Restricted Stock Award may be adjusted in accordance with the
Company's
part-time work policy or the terms of an agreement between you and the Company pertaining to your part-time schedule. 

SECTION 7.    STOCK CERTIFICATES.  

        The certificates for Restricted Shares have stamped on them a special legend referring to the forfeiture restrictions. In addition to or in lieu of imposing the
legend, the Company may hold the certificates in escrow. As your vested percentage increases, you may request (at reasonable intervals) that the Company release to you a non-legended
certificate for your vested shares. 

SECTION 8.    SHAREHOLDER RIGHTS.  

        During the period of time between the date of grant and the date the shares become vested, you shall have all the rights of a shareholder with respect to the
shares except for the right to transfer the shares, as set forth in Section 4. Accordingly, you shall have the right to vote the shares and to receive any cash dividends paid with respect to
the shares. 

SECTION 9.    WITHHOLDING TAXES.  

        No stock certificates will be released to you unless you have made acceptable arrangements to pay withholding taxes that may be due as a result of this award or
the vesting of the shares. With the Company's consent, these arrangements may include (a) withholding shares of Company stock that otherwise would be delivered to you when they vest or
(b) surrendering shares that you previously acquired. The fair market value of the shares you surrender, determined as of the date when taxes otherwise would have been withheld in cash, will be
applied as credit against the withholding taxes. 

SECTION 10.    RESTRICTIONS ON RESALE.  

        You agree not to sell any shares at a time when applicable laws, Company policies or an agreement between the Company and its underwriters prohibit a sale. This
restriction will apply as long as your Service continues and for such period of time after the termination of your Service as the Company may specify. 

SECTION 11.    NO RETENTION RIGHTS.  

TECHWELL, INC.

RESTRICTED STOCK AGREEMENT

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Your
award or this Agreement does not give you the right to be employed or retained by the Company or a subsidiary of the Company in any capacity. The Company and its subsidiaries reserve the right to
terminate your Service at any time, with or without cause. 

SECTION 12.    ADJUSTMENTS.  

        In the event of a stock split, a stock dividend or a similar change in Company stock, or a merger or a reorganization of the Company, the forfeiture provision of
Section 5 will apply to all new, substitute or additional securities or other properties to which you are entitled by reason of your ownership of the shares. 

SECTION 13.    APPLICABLE LAW.  

        This Agreement will be interpreted and enforced under the laws of the State of Delaware (without regard to their choice-of-law
provisions). 

SECTION 14.    THE PLAN AND OTHER AGREEMENTS.  

        The text of this Plan is incorporated in this Agreement by reference. This Agreement and the Plan constitute the entire understanding between you and the Company
regarding this award. Any prior agreements, commitments or negotiations concerning this award are superseded. This Agreement may be amended only by another written agreement between the parties. 

SECTION 15.    SUCCESSORS AND ASSIGNS.  

        The rights and benefits of this Agreement shall inure to the benefit of, and be enforceable by, the Company's successors and assigns. Your rights and obligations
under this Agreement may only be assigned with the prior written consent of the Company. 

SECTION 16.    NOTICE.  

        Any notice required or permitted under this Agreement shall be given in writing and shall be deemed effectively given upon the earliest of personal delivery,
receipt or the third full day following deposit in the United States Post Office with postage and fees prepaid, addressed to the other party hereto at the address last known or at such other address
as such party may designate by ten (10) days' advance written notice to the other party hereto. 

SECTION 17.    NO ORAL MODIFICATION.  

        No modification of this Agreement shall be valid unless made in writing and signed by the parties hereto. 

TECHWELL, INC.

RESTRICTED STOCK AGREEMENT

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QuickLinks

Exhibit 10.4

FORM OF TECHWELL, INC. 2006 STOCK INCENTIVE PLAN

NOTICE OF STOCK OPTION GRANT

STOCK OPTION AGREEMENT

NOTICE OF EXERCISE OF STOCK OPTION

NOTICE OF RESTRICTED STOCK AWARD

RESTRICTED STOCK AGREEMENT

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00096-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00096-of-00352.parquet"}]]