Exhibit 10.1

SUBSIDIARY GUARANTY AGREEMENT

MAY 27, 2016

FOR VALUE RECEIVED, the sufficiency of which is hereby acknowledged, and in
consideration of credit and/or financial accommodation heretofore or hereafter
from time to time made or granted to Brocade Communications Systems, Inc. (the
“Borrower”) by the Secured Parties, each Subsidiary of the Borrower listed on
the signature pages hereof and each other subsidiary of the Borrower that
becomes party hereto after the date hereof, (each, a “Guarantor”, jointly and
severally) hereby furnishes their guaranty (the “Guaranty”) and Wells Fargo
Bank, National Association (the “Administrative Agent”), on behalf of the
Secured Parties, acknowledges and agrees to the Guaranty as follows:

Reference is made to that certain Credit Agreement dated as of May 27, 2016 (as
amended, supplemented or otherwise modified from time to time, the “Credit
Agreement”) among the Borrower, Wells Fargo Bank, National Association, as
Administrative Agent and Issuing Lender and the other Secured Parties from time
to time party thereto. Capitalized terms used and not defined herein are used
with the meaning assigned to such terms in the Credit Agreement.

1. Guaranty. Each of the Guarantors hereby unconditionally and irrevocably
guarantees to Secured Parties the full and prompt payment when due, whether at
stated maturity, by required prepayment, upon acceleration, demand or otherwise,
and at all times thereafter, of the Secured Obligations and the punctual
performance of all of the terms contained in the documents executed by the
Borrower in favor of Secured Parties in connection with the Secured Obligations.
This Guaranty is a guaranty of payment and performance and is not merely a
guaranty of collection. Each Guarantor further agrees that the Secured
Obligations may be extended or renewed, in whole or in part, or amended or
modified, without notice to or further assent from it, and that it will remain
bound upon its guarantee hereunder notwithstanding any such extension or
renewal, or amendment or modification, of any Secured Obligation.

2. No Setoff or Deductions; Taxes; Payments. Each Guarantor shall make all
payments hereunder without setoff or counterclaim and free and clear of and
without deduction for any taxes, levies, imposts, duties, charges, fees,
deductions, withholdings, compulsory loans, restrictions or conditions of any
nature now or hereafter imposed or levied by any jurisdiction or any political
subdivision thereof or taxing or other authority therein unless any such
Guarantor is compelled by law to make such deduction or withholding. If any such
obligation (other than one arising with respect to taxes based on or measured by
the income or profits of the Secured Parties) is imposed upon the Guarantors
with respect to any amount payable by it hereunder, the Guarantors will pay to
the Secured Parties, on the date on which such amount is due and payable
hereunder, such additional amount in U.S. dollars as shall be necessary to
enable the Secured Parties to receive the same net amount which the Secured
Parties would have received on such due date had no such obligation been imposed
upon the Guarantors. The Guarantors will deliver promptly to the Secured Parties
certificates or other valid vouchers for all taxes or other charges deducted
from or paid with respect to payments made by the Guarantors hereunder. The
obligations of the Guarantors under this paragraph shall survive the payment in
full of the Secured Obligations and termination of this Guaranty.

3. Rights of Secured Parties. Each Guarantor consents and agrees that the
Secured Parties may, at any time and from time to time, without notice or
demand, and without affecting the enforceability or continuing effectiveness
hereof: (a) amend, extend, renew, compromise, discharge, accelerate or otherwise
change the time for payment or the terms of the Secured Obligations or any part

 

1

--------------------------------------------------------------------------------

thereof; (b) take, hold, exchange, enforce, waive, release, fail to perfect,
sell, or otherwise dispose of any security for the payment of this Guaranty or
any Secured Obligations; (c) apply such security and direct the order or manner
of sale thereof as the Secured Parties in their sole discretion may determine,
subject to any requirements set forth in the Loan Documents; and (d) release or
substitute one or more of any endorsers or other Guarantors of any of the
Secured Obligations. Without limiting the generality of the foregoing, the
Guarantors consent to the taking of, or failure to take, any action which might
in any manner or to any extent vary the risks of the Guarantors under this
Guaranty or which, but for this provision, might operate as a discharge of the
Guarantors.

4. Certain Waivers. Each Guarantor waives to the fullest extent permitted by law
(a) any defense arising by reason of any disability or other defense of the
Borrower or any other Guarantors, or the cessation from any cause whatsoever
(including any act or omission of the Secured Parties) of the liability of the
Borrower; (b) any defense based on any claim that such Guarantor’s obligations
exceed or are more burdensome than those of the Borrower; (c) the benefit of any
statute of limitations affecting such Guarantor’s liability hereunder; (d) any
right to require the Secured Parties to proceed against the Borrower, proceed
against or exhaust any security for the Secured Obligations, or pursue any other
remedy in the Secured Parties’ power whatsoever and any defense based upon the
doctrines of marshalling of assets or of election of remedies; (e) any benefit
of and any right to participate in any security now or hereafter held by the
Secured Parties; (f) any fact or circumstance related to the Secured Obligations
which might otherwise constitute a defense to the obligations of such Guarantors
under this Guaranty and (g) any and all other defenses or benefits that may be
derived from or afforded by applicable law limiting the liability of or
exonerating guarantors or sureties, other than the defense that the Secured
Obligations have been fully performed and indefeasibly paid in full in cash.

Each of the Guarantors expressly waives all presentments, demands for payment or
performance, notices of nonpayment or nonperformance, protests, notices of
protest, notices of dishonor and all other notices or demands of any kind or
nature whatsoever with respect to the Secured Obligations, and all notices of
acceptance of this Guaranty or of the existence, creation or incurrence of new
or additional Secured Obligations. This Guaranty shall not be affected by the
genuineness, validity, regularity or enforceability of the Secured Obligations
or any instrument or agreement evidencing any Secured Obligations, or by the
existence, validity, enforceability, perfection, non-perfection or extent of any
collateral therefor, or by any fact or circumstance relating to the Secured
Obligations which might otherwise constitute a defense to the obligations of the
Guarantors under this Guaranty, and each of the Guarantors hereby irrevocably
waives any defenses it may now have or hereafter acquire in any way relating to
any or all of the foregoing.

5. Obligations Independent. The obligations of the Guarantors hereunder are
those of primary obligor, and not merely as surety, and are independent of the
Secured Obligations and the obligations of any other Guarantors, and a separate
action may be brought against the Guarantors to enforce this Guaranty whether or
not the Borrower or any other person or entity is joined as a party.

6. Subrogation. No Guarantor shall exercise any right of subrogation,
contribution, indemnity, reimbursement or similar rights with respect to any
payments it makes under this Guaranty until all of the Secured Obligations and
any amounts payable under this Guaranty (excluding contingent obligations (other
than any such obligations in respect of a Letter of Credit) as to which no claim
has been made) have been indefeasibly paid and performed in full and any
commitments of the Secured Parties or facilities provided by the Secured Parties
with respect to the Secured Obligations are terminated. If any amounts are paid
to the Guarantors in violation of the foregoing limitation, then such amounts
shall be held in trust for the benefit of the Secured Parties and shall
forthwith be paid to the Secured Parties to reduce the amount of the Secured
Obligations, whether matured or unmatured.

 

2

--------------------------------------------------------------------------------

7. Termination; Reinstatement. This Guaranty is a continuing and irrevocable
guaranty of all Secured Obligations now or hereafter existing and shall remain
in full force and effect until all Secured Obligations and any other amounts
payable under this Guaranty (excluding contingent obligations (other than any
such obligations in respect of a Letter of Credit) as to which no claim has been
made) are indefeasibly paid in full in cash and any commitments of the Secured
Parties or facilities provided by the Secured Parties with respect to the
Secured Obligations are terminated. Notwithstanding the foregoing, this Guaranty
shall continue in full force and effect or be revived, as the case may be, if
any payment by or on behalf of the Borrower or the Guarantors is made, or the
Secured Parties exercise their right of setoff, in respect of the Secured
Obligations and such payment or the proceeds of such setoff or any part thereof
is subsequently invalidated, declared to be fraudulent or preferential, set
aside or required (including pursuant to any settlement entered into by the
Secured Parties in their discretion) to be repaid to a trustee, receiver or any
other party, in connection with any proceeding under any Debtor Relief Laws or
otherwise, all as if such payment had not been made or such setoff had not
occurred and whether or not the Secured Parties are in possession of or have
released this Guaranty and regardless of any prior revocation, rescission,
termination or reduction. The obligations of the Guarantors under this paragraph
shall survive termination of this Guaranty.

8. Subordination. The Guarantors hereby subordinate the payment of all
obligations and indebtedness of the Borrower owing to the Guarantors, whether
now existing or hereafter arising, including but not limited to any obligation
of the Borrower to the Guarantors as subrogee of the Secured Parties or
resulting from the Guarantors’ performance under this Guaranty, to the
indefeasible payment in full in cash of all Secured Obligations (excluding
contingent obligations (other than any such obligations in respect of a Letter
of Credit) as to which no claim has been made). If the Secured Parties so
request, any such obligation or indebtedness of the Borrower to the Guarantors
shall be enforced and performance received by the Guarantors as trustee for the
Secured Parties and the proceeds thereof shall be paid over to the Secured
Parties on account of the Secured Obligations, but without reducing or affecting
in any manner the liability of the Guarantors under this Guaranty.

9. Stay of Acceleration. In the event that acceleration of the time for payment
of any of the Secured Obligations is stayed, in connection with any case
commenced by or against a Guarantor or the Borrower under any Debtor Relief
Laws, or otherwise, all such amounts shall nonetheless be payable by the
Guarantors immediately upon demand by the Secured Parties.

10. Expenses. The Guarantors shall pay on demand all out-of-pocket expenses
(including reasonable attorneys’ fees and expenses) in any way relating to the
enforcement or protection of the Secured Parties’ rights under this Guaranty or
in respect of the Secured Obligations, including any incurred during any
“workout” or restructuring in respect of the Secured Obligations and any
incurred in the preservation, protection or enforcement of any rights of the
Secured Parties in any proceeding under any Debtor Relief Laws. The obligations
of the Guarantors under this paragraph shall survive the payment in full of the
Secured Obligations and termination of this Guaranty.

11. Miscellaneous. The Secured Parties’ books and records showing the amount of
the Secured Obligations shall be admissible in evidence in any action or
proceeding, and shall be binding upon the Guarantors and conclusive, absent
manifest error, for the purpose of establishing the amount of the Secured
Obligations. No provision of this Guaranty may be waived, amended, supplemented
or modified, except by a written instrument executed by the Secured Parties and
the Guarantors. No failure by the Secured Parties to exercise, and no delay in
exercising, any right, remedy or power hereunder shall operate as a waiver
thereof; nor shall any single or partial exercise of any right, remedy or power
hereunder preclude any other or further exercise thereof or the exercise of any
other right, power or remedy. The remedies herein provided are cumulative and
not exclusive of any remedies provided by law or in equity. The unenforceability
or invalidity of any provision of this Guaranty shall not affect the

 

3

--------------------------------------------------------------------------------

enforceability or validity of any other provision herein. Unless otherwise
agreed by the Secured Parties and the Guarantors in writing, this Guaranty is
not intended to supersede or otherwise affect any other guaranty now or
hereafter given by the Guarantors for the benefit of the Secured Parties or any
term or provision thereof.

12. Condition of Borrower. Each of the Guarantors acknowledges and agrees that
it has the sole responsibility for, and has adequate means of, obtaining from
the Borrower and any other guarantor such information concerning the financial
condition, business and operations of the Borrower and any such other guarantor
as such Guarantor requires, and that the Secured Parties have no duty, and the
Guarantors is not relying on the Secured Parties at any time, to disclose to the
Guarantors any information relating to the business, operations or financial
condition of the Borrower or any other Guarantors (the Guarantors waiving any
duty on the part of the Secured Parties to disclose such information and any
defense relating to the failure to provide the same).

13. Setoff. If and to the extent any payment is not made when due hereunder, the
Secured Parties may setoff and charge from time to time any amount so due
against any or all of the Guarantors’ accounts or deposits with the Secured
Parties.

14. Representations and Warranties. Each of the Guarantors represents and
warrants that (a) it is organized and resident in the United States of America;
(b) it is duly organized and in good standing under the laws of the jurisdiction
of its organization and has full capacity and right to make and perform this
Guaranty, and all necessary authority has been obtained; (c) this Guaranty
constitutes its legal, valid and binding obligation enforceable in accordance
with its terms; (d) the making, existence, and performance of this Guaranty does
not and will not violate the provisions of any applicable law, regulation or
order, and does not and will not result in the breach of, or constitute a
default or require any consent under, any agreement, instrument, or document to
which it is a party or by which it or any of its property may be bound or
affected, which could, individually or in the aggregate, reasonably be expected
to have a Material Adverse Effect; and (e) all consents, approvals, licenses and
authorizations of, and filings and registrations with, any governmental
authority required under applicable law and regulations for the making and
performance of this Guaranty have been obtained or made and are in full force
and effect other than consents, authorizations, flings or other acts or consents
for which the failure to obtain or make could not, individually or in the
aggregate, reasonably be expected to have a Material Adverse Effect.

15. Keepwell. Each Qualified ECP Guarantor (as defined below) hereby jointly and
severally, absolutely, unconditionally and irrevocably undertakes to provide
such funds and other support as may be needed from time to time by each other
Credit Party to honor all of its obligations under this Guaranty and the other
Loan Documents in respect of Swap Obligations (provided, however, that each
Qualified ECP Guarantor shall only be liable under this Section for the maximum
amount of such liability that can be hereby incurred without rendering its
obligations under this Section, or otherwise under this Guaranty or any other
Loan Document, voidable under Debtor Relief Laws and not for any greater
amount). Subject to Section 7 hereof, the obligations of each Qualified ECP
Guarantor under this Section shall remain in full force and effect until all of
the Secured Obligations and all the obligations of the Guarantors (excluding
contingent obligations (other than any such obligations in respect of a Letter
of Credit) as to which no claim has been made) shall have been paid in full in
cash and the Commitments and all Letters of Credit are terminated. Each
Qualified ECP Guarantor intends that this Section constitute, and this Section
shall be deemed to constitute, a “keepwell, support or other agreement” for the
benefit of each other Credit Party for all purposes of Section 1a(18)(A)(v)(II)
of the Commodity Exchange Act. For purposes of this Section, “Qualified ECP
Guarantor” means, in respect of any Swap Obligation, each Credit Party that has
total assets exceeding $10,000,000 at the time the relevant guarantee or grant
of the relevant security interest becomes effective with respect to such Swap

 

4

--------------------------------------------------------------------------------

Obligation or such other Person as constitutes an “eligible contract
participant” under the Commodity Exchange Act or any regulations promulgated
thereunder and can cause another Person to qualify as an “eligible contract
participant” at such time by entering into a keepwell under
Section 1a(18)(A)(v)(II) of the Commodity Exchange Act.

16. GOVERNING LAW; Assignment; Jurisdiction; Notices. THIS GUARANTY SHALL BE
GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE INTERNAL LAWS OF THE STATE OF
NEW YORK. This Guaranty shall (a) bind the Guarantors and their successors and
assigns, provided that the Guarantors may not assign their rights or obligations
under this Guaranty without the prior written consent of the Secured Parties
(and any attempted assignment without such consent shall be void), and (b) inure
to the benefit of the Secured Parties and their successors and assigns and the
Secured Parties may, without notice to the Guarantors and without affecting the
Guarantors’ obligations hereunder, assign, sell or grant participations in the
Secured Obligations and this Guaranty, in whole or in part. The Guarantors
hereby irrevocably (i) submit to the exclusive jurisdiction of any United States
Federal or State court sitting in the State of New York, City of New York in any
action or proceeding arising out of or relating to this Guaranty and (ii) waive
to the fullest extent permitted by law any defense asserting an inconvenient
forum in connection therewith. Service of process by the Secured Parties in
connection with such action or proceeding shall be binding on the Guarantors if
sent to the Guarantors by registered or certified mail at the address(es)
specified below or such other address(es) as from time to time notified by the
Guarantors. The Guarantors agree that the Secured Parties may disclose to any
assignee of or participant in, or any prospective assignee of or participant in,
any of its rights or obligations of all or part of the Secured Obligations any
and all information in the Secured Parties’ possession concerning the
Guarantors, this Guaranty and any security for this Guaranty. All notices and
other communications to the Guarantors under this Guaranty shall be in writing
and shall be delivered by hand or overnight courier service, mailed by certified
or registered mail or sent by telecopier to the Guarantors at the address(es)
set forth below or at such other address(es) in the United States as may be
specified by the Guarantors in a written notice delivered to the Secured Parties
at such office as the Secured Parties may designate for such purpose from time
to time in a written notice to the Guarantors.

17. WAIVER OF JURY TRIAL; FINAL AGREEMENT. TO THE EXTENT ALLOWED BY APPLICABLE
LAW, EACH OF THE GUARANTORS AND THE SECURED PARTIES IRREVOCABLY WAIVES TRIAL BY
JURY WITH RESPECT TO ANY ACTION, CLAIM, SUIT OR PROCEEDING ON, ARISING OUT OF OR
RELATING TO THIS GUARANTY OR THE SECURED OBLIGATIONS. THIS GUARANTY REPRESENTS
THE FINAL AGREEMENT BETWEEN THE PARTIES AND MAY NOT BE CONTRADICTED BY EVIDENCE
OF PRIOR, CONTEMPORANEOUS, OR SUBSEQUENT ORAL AGREEMENTS BETWEEN THE PARTIES.
THERE ARE NO UNWRITTEN ORAL AGREEMENTS BETWEEN THE PARTIES.

 

5

--------------------------------------------------------------------------------

Executed the first date written above.

 

  BROCADE COMMUNICATIONS SYSTEMS, INC.   By:  /s/ Jean Samuel
Furter                                                            Name: Jean
Samuel Furter   Title:   Vice President and Treasurer   Address: 130 Holger Way,
San Jose, CA 95134

--------------------------------------------------------------------------------

  FOUNDRY NETWORKS, LLC   By:  /s/ Jean Samuel
Furter                                                            Name: Jean
Samuel Furter   Title:   Treasurer   Address: 130 Holger Way, San Jose, CA 95134
  RUCKUS WIRELESS, INC.   By:  /s/ Jean Samuel
Furter                                                            Name: Jean
Samuel Furter   Title:   Vice President and Treasurer   Address: 350 W Java Dr.,
Sunnyvale, CA 94089   RUCKUS WIRELESS INTERNATIONAL, INC.   By:  /s/ Jean Samuel
Furter                                                            Name: Jean
Samuel Furter   Title:   Vice President and Treasurer   Address: 350 West Java
Drive, Sunnyvale, CA 94089

--------------------------------------------------------------------------------

WELLS FARGO BANK, NATIONAL ASSOCIATION, as Administrative Agent By:  

/s/ Karen Bifer

  Name: Karen Bifer   Title: SVP