CONFIDENTIAL LETTER OF INTENTJanuary 10th, 2023
FiledJanuary 10th, 2023The purpose of this binding letter (the "Letter of Intent") is to set forth an understanding between and among. Diodes Incorporated. The "Prospective Seller"), and Mitsumi Electric Co., Ltd a Japan corporation (the "Prospective Buyer"), with respect to the possible acquisition of all of the issued of Prospective Seller (the "Transaction"). The parties intend to structure the Transaction as a merger with Prospective Seller merging with and into a newly formed, wholly owned subsidiary of Prospective Buyer ("Merger Sub").