Exhibit CERTAIN CONFIDENTIAL INFORMATION CONTAINED IN THIS DOCUMENT, MARKED BY BRACKETS, HAS BEEN OMITTED AND FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION PURSUANT TO RULE 24B-2 OF THE SECURITIES EXCHANGE ACT OF 1934, AS AMENDED

Exhibit

CERTAIN CONFIDENTIAL INFORMATION CONTAINED IN THIS
DOCUMENT, MARKED BY BRACKETS, HAS BEEN OMITTED AND FILED SEPARATELY WITH THE
SECURITIES AND EXCHANGE COMMISSION PURSUANT TO RULE 24B-2 OF THE SECURITIES
EXCHANGE ACT OF 1934, AS AMENDED

0.25 Micron Agreement

THIS Agreement is entered into as of the Effective Date, between Motorola,
Inc. with a principal place of business located at 0000 Xx Xxxxxxxxx Xxxxxxxxx,
Xxxxxx, Xxxxx, XXX, a Texas corporation (“MOTOROLA”), and Silicon
Storage Technology, Inc. located at 0000 Xxxxxx Xxxxx, Xxxxxxxxx, Xxxxxxxxxx,
XXX a California corporation (“SST”).

WHEREAS, SST has designed and developed SST Technology (as defined
hereinafter),

WHEREAS, SST is the owner of SST Intellectual Property Rights (as defined
hereinafter),

WHEREAS, MOTOROLA desires to obtain from SST a non-exclusive, personal,
non-transferable, without the right to sublicense, a world-wide license to
design, make, have made, sell, and distribute Licensed Products (as defined
hereinafter), SST agrees to grant to MOTOROLA a license in accordance with the
terms and conditions set forth in this Agreement,

NOW THEREFORE, the parties hereto agree as follows:

Article I - Definitions

1. “SST Technology” shall mean SST’s 0.25um flash memory
technology, including Flash Cell design with minimum bit cell area of [ * ],memory
array architecture, process design rules, product testing, circuit design and
physical layout, including without limitation the SST deliverables of Exhibit
A. SST Technology shall not include circuit designs relating to Subsystems,
microcontroller architecture, or Memory Only Products.

2. “Subsystem” shall mean a group of interconnected integrated
circuit chips forming a subsystem that performs well-defined transfer functions
with respect to interface signals (i.e. inputs and outputs) within a system.

3. “Embedded Memory” shall mean a nonvolatile electrically
programmable memory cell or an array of non-volatile electrically programmable
memory cells, each capable of single bit of storage per cell, designed or
manufactured using SST Technology and embedded within other logic circuitry so
as to be capable of providing at least one dedicated, application-specific
function (such as, by way of example and not as a limitation, communications,
set-top box, and automotive) fixed in a semiconductor material.

4. “Memory Only Product” shall mean a memory product which is a
combination of array Flash Cell alone or combined with SRAM, DRAM, EEPROM or
ROM, or any other product the sole function of which is for the storage and
retrieval of data or information and used as a standalone memory.

Page 1

[*] = CERTAIN CONFIDENTIAL INFORMATION CONTAINED IN THIS
DOCUMENT, MARKED BY BRACKETS, HAS BEEN OMITTED AND FILED SEPARATELY WITH THE
SECURITIES AND EXCHANGE COMMISSION PURSUANT TO RULE 24B-2 OF THE SECURITIES
EXCHANGE ACT OF 1934, AS AMENDED

5. “Licensed Product” shall mean an integrated circuit product
including a functioning Embedded Memory connected to other portions of the
product which was designed by MOTOROLA or its authorized subcontractor under
non-disclosure agreement with MOTOROLA to safeguard SST Confidential
Information, for MOTOROLA and according to MOTOROLA’s specification, and
incorporate substantial elements of the SST Technology. Licensed Products shall
not include:

5.1. a Memory Only Product, or

5.2 an integrated circuit which does not have a significant function or
feature other than memory storage.

6. “Flash Cell” shall mean a nonvolatile memory cell for storage
of single bit based upon the split-gate, source side injection, SuperFlash
technology used in SST Technology.

7. “SST Intellectual Property Rights” shall mean all patents,
copyrights, mask work rights, and trade secrets subsisting in or covering the
SST Technology, which are owned by SST or to which SST has the right to grant
the rights and license granted herein, now or hereafter during the term of the
Agreement. SST Intellectual Property Rights include, but are not limited to,
patents covering Flash Cells and memory circuits, and methods of operation and
manufacturing thereof, mask work rights in the layout of the Flash Cells and
memory circuits, copyrights in the net list, and confidential information in
cell design layout, design rules, and process flow architecture.

8. “Sales” shall mean the sales revenue based on selling price of
Licensed Products by MOTOROLA less discounts, returns, shipping charges and
taxes. In the event the Licensed Product is consumed by MOTOROLA Group, the
actual price paid by MOTOROLA Group, other than the Semiconductor Product
Sector, for the Licensed Products shall be used as a Price basis for
calculating internal sales. In the event sales are transacted based on a non-US
currency, the sales will be converted to US currency according to the MOTOROLA
currency exchange policy which is provided in Exhibit F.

9. “Confidential Information” shall mean any information
controlled by a party hereto identified as proprietary and confidential and
disclosed to the other party according to this Agreement. Written Confidential
Information shall be clearly marked “CONFIDENTIAL” and shall also
include the terms and conditions of this Agreement, except where required to be
disclosed by law or otherwise approved by the non-disclosing Party in writing.
Oral disclosures of Confidential Information shall be confirmed in writing, or
email, by the disclosing party within thirty (30) days of the oral disclosure.
In case of disagreement, the receiving party must make a written objection
thereto within thirty (30) days after receipt of the information. The
Confidential Information shall not include information that:

Page 2

(I) is now or subsequently in the public domain or otherwise becomes
available to the public other than by breach of this Agreement by the receiving
party;

(II) has been rightfully in the receiving party’s possession prior to
receipt from the disclosing party with the receiving party having the burden of
proof;

(III) is rightfully received by the receiving party from a third party; or

(IV) is independently developed by the receiving party without use of any
proprietary information or trade secrets of disclosure with the receiving party
having the burden of proof.

10. “Effective Date” shall mean the last date when this Agreement
is signed by both parties.

11. “Subsidiary(ies)” shall mean any corporation, company or other
entity which is presently or at any time during the term of this Agreement
controlled by, controlling, or under common control with, either party hereto
(a current list of Subsidiaries is shown in Exhibit E). As used herein, the
term “control” means ownership or control, direct or indirect, now or
hereafter during the term of this Agreement, of at least fifty percent (50%) of
the outstanding shares of interest entitled to vote for the election of
directors (other than any shares or stock whose voting rights are subject to
restriction) of such corporation, company or other entity. Any corporation,
company or other entity which would at any time be a Subsidiary of SST or
MOTOROLA, as the case may be, by reason of the foregoing shall be considered a
Subsidiary for the purpose of this Agreement only so long as such control
exists. With respect to the MOTOROLA subsidiary Tohoku listed in Exhibit E,
MOTOROLA agrees to have a written confidentiality agreement at least as
restrictive as the obligations of Article IX with Tohoku which protects all SST
Technology utilized by Tohoku in the exercise of the license grants of Section
20 and which names SST as a third party beneficiary.

12. “MOTOROLA Subcontractors” are work-for-hire individuals or
service companies who are contracted with MOTOROLA to design for MOTOROLA
Licensed Products and who are bound by a non-disclosure agreement with MOTOROLA
to keep SST Technology and SST Intellectual Property Rights confidential to at
least the same standard of confidentiality SST and MOTOROLA have agreed to in
this Agreement. The right to enforce the non-disclosure agreement is assigned
to SST.

13. “MOTOROLA Improvements” shall mean improvements made by
employees of MOTOROLA, MOTOROLA Subsidiaries and MOTOROLA subcontractors to the
SST Technology including the Flash Cell or to circuits specifically related to
such SST Technology (“Necessary Circuits”) after such employees have
had access to such SST Technology. A circuit shall be deemed related to such
SST Technology for purposes of this Paragraph if such circuit is specific to
such Flash Cell and would not function properly if such Flash Cell were
replaced with another memory cell not utilizing the SST Technology.
Improvements shall also include incremental improvements made after an employee
has had access to SST Confidential Information and that are specific to

Page 3

circuit
designs included within the SST Technology and provided in the Deliverables or
any SST Confidential Information passed on to MOTOROLA during the term of this
Agreement. If SST and MOTOROLA disagree as whether an improvement made by
MOTOROLA is a “MOTOROLA Improvement,” the Parties will in good faith
negotiate to reach agreement as to the status of such improvement.

14. “SST Improvements” shall mean improvements made by SST to the
SST Technology including the Flash Cell or improvements to Necessary Circuits.
A circuit shall be deemed related to such SST Technology if such circuit is
specific to such Flash Cell and would not function properly if such Flash Cell
were replaced with another memory cell not utilizing the SST Technology.
Improvements shall also include incremental improvements to circuit designs
included within the SST Technology and provided in the Deliverables or any SST
Confidential Information passed on to MOTOROLA during the term of this
Agreement. If SST and MOTOROLA disagree as to whether an improvement made by
SST is a “SST Improvement,” the Parties will in good faith negotiate
to reach agreement as to the status of such improvement.

15. “Party Improvement” shall mean either SST Improvement or
MOTOROLA Improvement as the case may be.

16. “MOTOROLA Group” shall mean MOTOROLA, its Subsidiaries, parent
company, sister companies or affiliated entities.

17. “Joint Invention” shall mean any idea, design, concept,
technique, discovery, or improvement, whether or not patentable, made jointly
by one or more employees of MOTOROLA with one or more employees of SST, during
the term or renewed term of this Agreement and in the performance hereunder,
provided that either the conception or actual reduction to practice occurs
during the term or renewed term of this Agreement and in the performance
hereunder.

18. “Sole Invention” shall mean any idea, design, concept,
technique, discovery, or improvement, whether or not patentable, made solely by
one or more employees of MOTOROLA, or made solely by one or more employees of
SST, during the term or renewed term of this Agreement in the performance
hereunder, provided that either the conception or actual reduction to practice
occurs during the term or renewed term of this Agreement and in the performance
hereunder.

19. “Licensed Foundry” shall mean an SST approved wafer
manufacturing facility where SST has installed the SST Technology.

Article II - Grant

20. Subject to the terms and conditions of this Agreement, and during the
term of such Agreement, SST grants MOTOROLA and MOTOROLA’s Subsidiary
under SST Intellectual Property Rights, a world wide, non-exclusive, personal,
non-transferable, irrevocable (subject to breach by MOTOROLA of Article II,
III, V, IX or Paragraph 50),

Page 4

royalty bearing license and right (without the
right to sublicense) to design and have designed by MOTOROLA Subcontractors,
make or have made at SST authorized Licensed Foundries (subject to restriction
of 20.1 herein), and sell or offer to sell the Licensed Products. Use of the
license granted herein, shall not constitute a right to sublicense the
technology to any party for manufacturing of Licensed Products, or any other
products using SST Technology.

20.1 The have made rights of paragraph 20 can only be exercised after first
commercial production volume shipment of Licensed Products from MOTOROLA
factories. In consideration of the license set forth in paragraph 21, MOTOROLA
shall pay the license fee and royalty described in Article III pursuant to the
terms therein.

21. This Agreement is only for 0.25um of SST Technology and not for use on a
Flash Cell size for its Licensed Products less than the minimum Flash Cell size
described in Article I/Paragraph 1. For development and licensing of technology
geometry below 0.25um, both parties shall negotiate in good faith to reach a
separate agreement.

22. Subject to the terms and conditions of this Agreement, and during the
term of such Agreement, SST grants MOTOROLA and MOTOROLA’s Subsidiary
under SST Improvements, without additional royalty, a world wide,
non-exclusive, irrevocable (subject to breach by MOTOROLA of Article II, III,
V, IX or Paragraph 50), personal, non-transferable and right (without the right
to sublicense) to design and have designed by MOTOROLA Subcontractors, make or
have made at SST authorized Licensed Foundries, sell and offer to sell Licensed
Products.

23. [ * ]

23.1. [ * ]

23.2. [ * ]

24. SST shall provide MOTOROLA with the deliverables and technical
assistance as specified in Exhibit “A.”.

25. In the event that SST’s
authorized Licensed Foundries [ * ] are unable or
unwilling to provide MOTOROLA requested capacity for SST Technology, SST agrees
to negotiate in good

Page 5

faith with another foundry recommended by MOTOROLA (“Additional
Foundry”), [ * ], subject to a commercially
reasonable arrangement to allow MOTOROLA to “have made” Licensed
Products that include SST Technology in the Additional Foundry.

26. MOTOROLA and SST each agree to timely and fully disclose to each other
all Party Improvements as defined herein and any third party improvements
thereto which can be disclosed. For the purpose of this paragraph, the word
“timely” shall mean the earlier of the preparation of a patent
application disclosing the Party Improvement, a commercial shipment of products
containing such Party Improvement, or licensing of such Party Improvement.

27. SST shall transfer the SST Deliverables specified in Exhibit A to
MOTOROLA within the time specified and future updates, if any, to the Flash
Cell design [ * ] when made available by SST to any other
licensee of SST.

Article III – License Fees and Royalty

28. [ * ]

28.1. [ * ]

28.2. [ * ]

28.3. [ *

Page 6

]

28.4. [ * ]

28.5. [ * ]

29. [ * ]

29.1. [ * ]

29.2. [ * ]

29.3. [ * ]

29.4. [ * ]

29.5. [ * ]

30. [ *

Page 7

]

[ * ]

Article IV – Joint Marketing Program

In consideration of the licensing terms granted herein, the following
relationships shall be established between SST and MOTOROLA.

31. A mutually agreed upon joint press release and/or a joint press
conference, announcing this licensing relationship, outlining major benefits to
both parties shall be held at a mutually agreed time and place, no later than
two months after the Effective Date,

32. MOTOROLA shall include the attribution “This product incorporates
SuperFlash® technology licensed From SST” in newly printed Licensed
Product literature, data sheets, application notes, reference manuals, and
major related announcements of this license with style and font size solely
determined by MOTOROLA, however it shall be readable by a naked eye of a
typical person and displayed at a prominent location. Previously existing
literature associated with an earlier version of a MOTOROLA product which
becomes a Licensed Product may be used without the attribution until such
quantities are exhausted. Exceptions to the attribution requirement may be
requested by MOTOROLA and will be reasonably considered by SST.

33. There shall be an Internet link from a MOTOROLA SPS web site to SST’s
web site home page during the term of this Agreement. The MOTOROLA SPS web site
shall mention SST technology and MOTOROLA’s licensing relationship.

34. MOTOROLA will at a minimum mention SST Technology on MOTOROLA’s NVM
Technology Center internal company web site and will include a web link to SST’s
web site therefrom. Further, when and if external access is available to a
MOTOROLA SPS NVM web site, MOTOROLA will make good faith efforts to include a
web link from such a site to SST’s web site.

Page 8

35. [ * ]

36. MOTOROLA shall provide a semi-annual demand forecast to SST by name,
product type and density of the MOTOROLA Semiconductor Products Sector products
using SST Technology.

Article V – Intellectual Property Rights

37. Title to all intellectual property rights relating to SST Improvements
under this Agreement shall be owned by SST, and all expenses incurred in
obtaining and maintaining such rights shall be borne by SST.

38. Title to all intellectual property rights relating to MOTOROLA
Improvements under this Agreement shall be owned by MOTOROLA, and all expenses
incurred in obtaining and maintaining such rights shall be borne by MOTOROLA.

39. Each party shall have and retain the sole and exclusive ownership of
their respective Sole Inventions.

40. Joint Inventions shall be jointly owned, title to all patents issued
thereon shall be joint, all expenses incurred in obtaining and maintaining such
patents, except as provided herein, shall be borne by the filing party, and
each party shall have the unrestricted right to license third parties
thereunder without accounting. Each party agrees to equally divide the number
of Joint Inventions filed for Joint Inventions in which both parties want to
seek patent protection. In the event that one party elects not to seek patent
protection for any Joint Invention in any particular country or not to share
equally in the expense thereof with the other party, the other party shall have
the right to seek or maintain such protection at its own expense in such a
country and shall have full control over the prosecution and maintenance
thereof even though title to any patent issuing therefrom shall be jointly
owned.

41. Each party shall give the other party all reasonable assistance in
obtaining Joint Invention patent protection and in preparing and prosecuting
any patent application filed by the other party, and shall cause to be executed
assignments and all other instruments and documents as the other party may
consider necessary or appropriate to carry out the intent of this paragraph 43.

Article VI - WARRANTY

42. SST warrants and represents that it has the right and authority to
convey and grant the license as set forth herein.

43. SST represents that the SST Technology including the deliverables
provided hereunder to MOTOROLA is the most up-to-date technology available to
SST at the time of delivery to MOTOROLA.

Page 9

44. MOTOROLA warrants and represents that it has the right and authority to
enter into this Agreement and uphold its obligations as set forth herein.

45. SST represents that to the best of its knowledge, except as described in
Exhibit “D” there are no actions for infringement against SST or, to
SST’s knowledge, its licensees or their subsidiaries, with respect to
items it or any of them makes or sells embodying SST Intellectual Property
Rights anywhere in the world.

46. SST agrees to defend at its expense any suits against MOTOROLA based
upon a claim that the Flash Cell design furnished hereunder infringes a U.S.,
Japanese, Taiwanese, Singapore, Korean, German, French or U.K. patent,
copyright or trade secret (including those suits referenced in Exhibit D) and
to pay any costs and damages awarded in any such suit, provided that SST is
notified promptly in writing of the suit and, at SST’s request and at its
expense, is given control of said suit and all requested reasonable assistance
for defense of same. If the use or sale of the Flash Cell design furnished
hereunder is enjoined as a result of such suit, then SST, at its option and at
no expense to MOTOROLA, shall obtain for MOTOROLA the right to use and sell the
Flash Cell design or shall substitute an equivalent article acceptable to
MOTOROLA and extend this indemnity thereto. This indemnity does not extend to
any suit based upon any infringement or alleged infringement of any patent or
copyright by the combination of the Flash Cell design furnished by SST with
other elements if such infringement would have been avoided by the use of the
Flash Cell design alone, nor does it extend to any infringement necessitated by
SST’s compliance with MOTOROLA’s specification or formulae.

47. MOTOROLA agrees to defend at its expense any suits against SST based
upon a claim that the Licensed Product excluding SST Technology infringes a
U.S., Japanese, Taiwanese, Singapore, Korean, German, French or U.K. patent,
copyright or trade secret and to pay any costs and damages awarded in any such
suit, provided that MOTOROLA is notified promptly in writing of the suit and,
at MOTOROLA’s request and at its expense, is given control of said suit
and all requested reasonable assistance for defense of same. This indemnity
does not extend to any suit based upon any infringement or alleged infringement
of any patent or copyright by the combination of any Licensed Product excluding
SST Technology with other elements if such infringement would have been avoided
by the use of the Licensed Product alone, nor does it extend to any
infringement necessitated by MOTOROLA’s compliance with SST’s
specification or formulae.

48. NEITHER PARTY SHALL BE LIABLE TO THE OTHER FOR ANY INCIDENTAL, INDIRECT,
SPECIAL OR CONSEQUENTIAL DAMAGES ARISING OUT OF OR IN CONNECTION WITH
AGREEMENT. In no event shall either party be liable to the other for damages in
connection with this Agreement, in the aggregate, greater than [ * ].

Article VII - TERM AND TERMINATION

Page 10

49. This Agreement shall remain in full force and effect for ten (10) years
from the Effective Date, unless earlier terminated as provided elsewhere
herein. If MOTOROLA does not gives six (6) months prior written notice of
termination before the expiration date of this Agreement, then this Agreement
shall be extended for one (1) year each time. Upon termination, all tangible
Confidential Information shall be returned or destroyed according to the
instruction of the disclosing party.

50. This Agreement may be terminated by MOTOROLA for its convenience with
five (5) months advance written notice. This Agreement may be terminated by SST
if MOTOROLA breaches any material provision of Article II, III, V or IX and
does not cure or remedy such breach within thirty (30) days after receipt of
the notice of breach from SST. This Agreement may also be terminated by
MOTOROLA if SST breaches any material provision of this Agreement and does not
cure or remedy such breach within thirty (30) days after receipt of the notice
of breach from MOTOROLA. This Agreement may be terminated by either Party if
the other Party becomes the subject of a voluntary or involuntary petition in
bankruptcy or any proceeding relating to insolvency, receivership, liquidation,
or composition for the benefit of creditors if such petition or proceeding is
not dismissed with prejudice within sixty (60) days after filing. Termination
of this Agreement shall be effective thirty (30) days after issuance of a
written notice of termination to the other party by the non-defaulting party.
In the event SST becomes bankrupt, or a trustee is otherwise appointed for SST,
MOTOROLA shall have the right to maintain the rights and licenses provided for
in this Agreement, provided it continues to make the royalty payments provided
for herein.

51. After effective termination of this Agreement by either party in
accordance with Section VII hereof, MOTOROLA shall cease and desist all use of
the license except for the performance of its obligations to customers, which
are incurred before termination of this Agreement. The obligation and duties of
both parties under this Agreement for existing products at the time of
termination shall survive the termination of this Agreement.

52. Upon the breach by either party to this Agreement of any provision of
this Agreement, the non-breaching party shall have the right to pursue all
available remedies at law or in equity it may elect, in order to obtain the
benefits provided pursuant to this Agreement, or to obtain adequate resource or
compensation.

53. The termination of the license granted under this Agreement, by
expiration or otherwise, shall not release one party from any of its
obligations or liabilities therefore incurred, or rescind or give any rights to
rescind, anything done or any payment made or other consideration given
theretofore to the other party under this Agreement, provided that MOTOROLA
will have such rights, under such license, after any such termination or
expiration, as are necessary for MOTOROLA to (a) supply replacement products
for any defective Licensed Product units sold by MOTOROLA on or prior to the
date of such termination or expiration, and (b) supply Licensed Products under,
and pursuant to the terms of, commitments of MOTOROLA to third parties, for a
period of one year

Page 11

thereafter, and (c) dispose of inventory of Licensed
Products under MOTOROLA’s control as of the date of such termination or
expiration. In no event shall MOTOROLA have the right to commit to supply
Licensed Products to new product design. For the purpose of sub-paragraph(c)
herein, new product designs do not include products which have been taped out,
masking plates have been made for them, and such proof of existence is provided
by MOTOROLA to SST no later than thirty (30) days after termination of the
Agreement. MOTOROLA will provide SST a statement of inventory at this point in
time, as well as an estimate of time required to dispose of said inventory.
MOTOROLA shall cause to be issued an irrevocable letter of credit issued by a
commercial bank equal to the amount of royalty based upon the inventory.
MOTOROLA will fulfill all royalty obligations for material described in (a),
(b) and (c). No failure or delay on the part of a non-breaching party in
exercising its right to terminate for any one or more default shall be
construed to prejudice its rights of termination for such or for any other or
subsequent default.

54. The provisions of Articles II, III, V, VI, provisions of Paragraph 10
and Article IX of this Agreement shall survive any termination or expiration of
this Agreement for any reason.

Article VIII - MISCELLANEOUS

55. MOTOROLA and SST may mutually decide to schedule management review
meetings once a year to assess the progress of the relationship, deal with any
unresolved problems, and develop strategic plans for continued joint effort.
Topics as required and topics to be proposed by either party shall be discussed
for continued achievement of the business objectives represented by this
Agreement.

56. Neither party shall be responsible for any failure to perform under this
Agreement if such failure is caused by unforeseen circumstances or due to
causes beyond its control, including but not limited to acts of God, riot,
labor stoppages, acts of civil and military authorities, fire, floods or
accidents.

57. This Agreement shall be governed by and construed in accordance with the
laws of the state of California.

58. NO MODIFICATION, ALTERATION OR AMENDMENT OF THIS AGREEMENT SHALL BE
EFFECTIVE UNLESS IN WRITING AND DULY SIGNED BY BOTH PARTIES. THE TERMS AND
CONDITIONS OF THIS AGREEMENT CONSTITUTES THE ENTIRE AGREEMENT AND UNDERSTANDING
OF THE PARTIES WITH RESPECT TO THE SUBJECT MATTER HEREOF, AND SUPERSEDE ALL
PREVIOUS COMMUNICATION, AGREEMENT, UNDERSTANDING, WHETHER ORAL OR WRITTEN,
BETWEEN THE PARTIES REGARDING THE SAME.

59. No waiver of any breach or failure by either party to enforce any
provision of this Agreement shall be deemed a waiver of any other or subsequent
breach or a waiver of future enforcement of that or any other provision.

Page 12

60. Neither party can assign this Agreement without the prior written
consent of the other party.

61. This Agreement shall not be construed as creating a partnership between
the parties hereto or to create any other form of legal association which would
impose liability upon one party for the act or failure to act of the other
party.

62. No remedy conferred by any of the specific provisions of this Agreement
is intended to be exclusive of any other remedy, and each and every remedy
shall be cumulative and shall be in addition to every other remedy given
hereunder or nor or hereafter existing at law or in equity or by statue or
otherwise. The election of one or more remedies by either party shall not
constitute a waiver of the right to pursue other available remedies.

63. If any clause or provision of this Agreement is declared illegal,
invalid or unenforceable under present or future laws effective during the term
hereof, it is the intention of the parties hereto that the remainder of this
Agreement shall not be affected hereby and shall remain in force and effect.

64. The parties understand and acknowledge the violation of the respective
covenants and agreements contained herein may cause the other irreparable harm
and damage, which may not be recovered by law, and each agrees that the other’s
remedies for a breach hereof may be in equity by way of injunctive relief, as
well as for damages and any other relief available to the non-breaching party,
whether in law or in equity.

65. MOTOROLA agrees to comply with all laws relating to export control with
regard to all goods and information transferred by SST to MOTOROLA hereunder,
including but not limited to the information transferred pursuant to Exhibit
“A” hereof, and agrees to hold SST harmless and indemnify it from any
breach thereof. SST agrees to comply with all laws relating to export control
with regard to all goods and information transferred by MOTOROLA to SST
hereunder, including but not limited to the information relating to the
MOTOROLA Improvement, and agrees to hold MOTOROLA harmless and indemnify it
from any breach thereof.

66. Any notice between the parities shall be made, by fax or mail, to the
corespondent as follows:

to MOTOROLA

Xx. Xxxx Xxxxxxxxx

Address

3501 Xx Xxxxxxxx Blvd. MD K13

Xxxxxx, Xxxxx 00000

tel:

(000) 000-0000

fax:

(000) 000-0000

Page 13

to SST

Xx. Xxxxxx Xxxxxxx

Address

0000 Xxxxxx Xxxxx, Xxxxxxxxx,
Xxxxxxxxxx 00000

tel:

(000) 000-0000

fax:

(000) 000-0000

Article IX - Confidential Information

67. Except as MOTOROLA exercises its license and rights hereunder, both
parties agree to maintain Confidential Information in confidence, not to make
use thereof other than for the performance of this Agreement, to release it
only to employees of SST or MOTOROLA, and MOTOROLA customers who have a
reasonable need to know the same, and not to release or disclose it to any
third party, without the prior written consent of the disclosing party. SST
will consider in good faith any reasonable written request from MOTOROLA or a
Licensed Foundry to permit MOTOROLA and the Licensed Foundry to mutually share
limited and specifically identified SST Confidential Information which is
necessary to share in order to permit MOTOROLA to exercise its ‘have made’ license
rights granted in this Agreement. When such disclosures are requested, SST
agrees to provide MOTOROLA and the Licensed Foundry with timely written notice
of its decision.

68. All Confidential Information and any copies thereof shall remain the
property of the disclosing party. Upon expiration or termination of this
Agreement, the receiving party shall return the original and all copies of
tangible Confidential Information at the request of the disclosing party. Each
Party may keep an archieval copy to be used only for dispute resolution
purposes.

69. Provisions of Article IX, herein, shall survive the termination or
expiration of this Agreement for a period of five (5) years.

Page 14

70. The terms and conditions of the Non-disclosure Agreement dated June 9,
1998 between the parties shall remain effective. In the event the terms and
conditions conflicts with this Agreement, this Agreement shall prevail.

IN
WITNESS WHEREOF, the parties have caused this Agreement to be executed by
respective duly authorized representatives as the date and year hereinabove
written above.

Signed:Motorola, Inc._______________________________By Xxxxx Xxxxxxxx
Title TSG Senior VP & General ManagerDate 5/5/99

Silicon Storage Technology, Inc._______________________________By Bing Yeh
Title President & CEO Date 5/3/99

By Xxx MeyerCorp. VP & Assistant General CounselDir. Patents, Trade Marks,
and LicensingDate 5/5/99

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Exhibit “A”SST Deliverables:

[ * ]

Page 16

[ * ]

Page 17

[ * ]

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Exhibit “B”

[ * ]

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Exhibit “C”

[ * ]

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Exhibit “D”

1. [ * ]

2. [ * ]

3. [ * ]

4. [ * ]

5. [ * ]

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6. [ * ]

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Exhibit “E”MOTOROLA Subsidiaries:

CodexTohokuWhite OakPico Design

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Exhibit F
MOTOROLA Currency Exchange Policy

The Tuesday prior to each fiscal month end, MOTOROLA SPS publishes its
revised foreign exchange rates. These rates are based upon the spot market, and
are used to value any new sales or expenses during the upcoming fiscal month.
In other words, any sales during a given fiscal month are recognized on the
income statement at a constant rate, regardless of intra-month changes in the
spot rate.

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Exhibit CERTAIN CONFIDENTIAL INFORMATION CONTAINED IN THIS DOCUMENT, MARKED BY BRACKETS, HAS BEEN OMITTED AND FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION PURSUANT TO RULE 24B-2 OF THE SECURITIES EXCHANGE ACT OF 1934, AS AMENDED

Article VI - WARRANTY

Article IX - Confidential Information

Exhibit “A”SST Deliverables:

Exhibit “B”

Exhibit “C”

Exhibit “D”

Exhibit “E”MOTOROLA Subsidiaries:

Exhibit F

MOTOROLA Currency Exchange Policy

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