EX-10.25
from S-1
3 pages
August 23, 2007 Drew Wingard C/O Sonics, Inc. 1098 Alta Avenue, Suite 101 Mountain View, Ca 94043 Re: Restructuring of Sonics, Inc. Board of Directors Dear Drew: This Is by Way of Follow-Up to Our Recent Discussion Regarding the Restructuring of Sonics’ Board of Directors Necessitated by Our Proposed Initial Public Offering. I Very Much Appreciate Your Understanding and Support of Sonics’ Interests in This Regard. as We Discussed, in Light of the Ipo, the Board Needs to Be Restructured to Be an Appropriate Public Company Board of Directors. in Addition, I Personally Want to Add Members to Whom I and Others in Management Can Look for Advice Regarding Our New (And Extensive) Legal and Business Obligations. Our Goal Is to End Up With a Five-Person Board With the Following Composition: (I) the CEO; and (II) Four Independent Directors, So That a Majority of the Board Is Not Part of Either Management or the Current Investor Group. Toward This End, I Want to Confirm Your Agreement to the Following
12/34/56