On December 22, 2015, Cypress Semiconductor Corporation entered into a Joinder Agreement to its amended and restated credit and guaranty agreement, dated as of March 12, 2015, by and among the company, the guarantors, the lenders from time to time party thereto, and Morgan Stanley Senior Funding Inc., as administrative agent and collateral agent. The Term Loan Joinder Agreement provided for the incurrence by the company of a Term Loan A in an aggregate amount of $100,000,000. The incurrence of such Incremental Term Loan was permitted as an incremental loan under the Credit Agreement and is subject to the terms of the Credit Agreement and additional terms set forth in the Term Loan Joinder Agreement.

The Incremental Term Loan is subject to, at the company's option, either an interest rate equal to 3.25% over LIBOR or an interest rate equal to 2.25% over the greater of (x) the prime lending rate published by the Wall Street Journal, (y) the federal funds effective rate plus 0.50%, and (z) the LIBOR rate for a one month interest period plus 1%. The company paid a 1.00% upfront fee in connection with the incurrence of the Incremental Term Loan to the relevant lenders. The proceeds of the Incremental Term Loan will be used to repurchase a portion of the company's outstanding equity and/or reimburse the company for previous repurchases, refinance a portion of the company's outstanding revolving loans, and pay fees and expenses in connection with the foregoing.

On January 6, 2016, the company entered into an incremental revolving joinder agreement to its credit agreement to increase the amount of revolving commitments under its credit agreement by an additional $90,000,000. After giving effect to the revolving joinder agreement, the total aggregate amount of revolving commitments under the credit agreement is $540,000,000.