EXHIBIT 10.38 AGREEMENT IN PRINCIPLE As of March 1, 2006, (the "Effective Date"), Schneider Electric S.A. a French corporation and Square D Company a Delaware corporation, on behalf of themselves and all of their subsidiaries (hereinafter collectively...Agreement in Principle • March 15th, 2006 • Amis Holdings Inc • Semiconductors & related devices • Delaware
As of March 1, 2006, (the "Effective Date"), Schneider Electric S.A. a French corporation and Square D Company a Delaware corporation, on behalf of themselves and all of their subsidiaries (hereinafter collectively referred to as "Schneider") and AMI Semiconductor, Inc. and AMI Semiconductor Belgium BVBA, on behalf of themselves and all of their subsidiaries (hereinafter collectively referred to as "AMI") have reached an agreement in principle ("Agreement") in connection with 1) a full and final settlement of all disputes and claims, past and future, known and unknown, involving certain application specific integrated circuits supplied by AMI to Schneider and incorporated into Schneider's AFCI circuit breakers (the "Claim") and 2) the continuation and growth of the amount of business to be done between Schneider and AMI over the next five years through a preferred supplier arrangement.
