SAIFUN SEMICODUCTORS LTD.1997 Share Option Plan Agreement • April 1st, 2008 • Spansion Inc. • Semiconductors & related devices
We are pleased to notify you that Saifun Semiconductors Ltd. (the “Company”) has, on the (the “Granting Date”), granted to you options (the “Options”) to purchase ( ) Ordinary Shares of NIS 0.01 par value each, of the Company (the “Option Shares”), at the price of USD 6.67 per share (the “Exercise Price”), under the Company’s 1997 Share Option Plan (the “Plan”). The Options are issued pursuant to Section 102 of the Israel Income Tax Ordinance [New Version], as amended (the “Ordinance”) and are intended to comply with the Ordinance and its regulations and the Income Tax Rules (Tax Benefits in Share Issuance to Employees) 5349-1989 (the “Rules”). The Options are subject to the terms and conditions set forth below. EXECUTION OF OPTION AGREEMENT
