Investor Rights Agreement



 Exhibit 4.2 
 Execution Copy 
 GIGAMON LLC 

INVESTOR RIGHTS AGREEMENT 







 TABLE OF CONTENTS 

 

							
	 	 	 	    	 	  	 Page

			
	1.	 	 Definitions
	  	1
			
	2.	 	 Registration Rights
	  	4
				
		 	2.1	    	 Demand Registration
	  	4
		 	2.2	    	 Company Registration
	  	5
		 	2.3	    	 Underwriting Requirements
	  	6
		 	2.4	    	 Obligations of the Company
	  	7
		 	2.5	    	 Furnish Information
	  	9
		 	2.6	    	 Expenses of Registration
	  	9
		 	2.7	    	 Delay of Registration
	  	9
		 	2.8	    	 Indemnification
	  	9
		 	2.9	    	 Reports Under Exchange Act
	  	11
		 	2.10	    	 Limitations on Subsequent Registration Rights
	  	12
		 	2.11	    	 “Market Stand-off” Agreement
	  	12
		 	2.12	    	 Restrictions on Transfer
	  	13
		 	2.13	    	 Termination of Registration Rights
	  	14
			
	3.	 	 Information and Observer Rights
	  	14
				
		 	3.1	    	 Delivery of Financial Statements
	  	14
		 	3.2	    	 Inspection
	  	15
		 	3.3	    	 Observer Rights
	  	15
		 	3.4	    	 Termination of Information and Observer Rights
	  	16
			
	4.	 	 Rights to Future Securities Issuances
	  	16
				
		 	4.1	    	 Right of First Offer
	  	16
		 	4.2	    	 Termination
	  	17
			
	5.	 	 Additional Covenants
	  	17
				
		 	5.1	    	 Insurance
	  	17
		 	5.2	    	 Employee Agreements
	  	18
		 	5.3	    	 Employee Securities
	  	18
		 	5.4	    	 Board Matters
	  	18
		 	5.5	    	 Records and Books
	  	18
		 	5.6	    	 Accounting Firm
	  	18
		 	5.7	    	 Successor Indemnification
	  	18
		 	5.8	    	 Termination of Covenants
	  	19
			
	6.	 	 Miscellaneous
	  	19
				
		 	6.1	    	 Successors and Assigns
	  	19
		 	6.2	    	 Governing Law
	  	19
		 	6.3	    	 Counterparts; Facsimile
	  	19
		 	6.4	    	 Titles and Subtitles
	  	19
		 	6.5	    	 Notices
	  	19


  
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		 	6.6	    	 Amendments and Waivers
	  	20
		 	6.7	    	 Severability
	  	20
		 	6.8	    	 Aggregation of Securities
	  	20
		 	6.9	    	 Entire Agreement
	  	20
		 	6.10	    	 Dispute Resolution
	  	20
		 	6.12	    	 Delays or Omissions
	  	21
		 	6.13	    	 Acknowledgment
	  	21

  

							
	Schedule A	 	-	  	 Schedule of Investors
	  	
	Schedule B	 	-	  	 Founders’ Addresses
	  	


  
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 INVESTOR RIGHTS AGREEMENT 

THIS INVESTOR RIGHTS AGREEMENT (this “Agreement”) is made and entered into as of January 20, 2010, by
and among Gigamon LLC, a Delaware limited liability company (the “Company”), Gigamon Systems LLC, a California limited liability company and the sole member of the Company (“Gigamon Systems”), the
individuals listed as “Founders” on the signatures pages hereto (individually, a “Founder” and collectively, the “Founders”) and each of the investors named on Schedule A attached
hereto (individually, an “Investor” and collectively, the “Investors”). 

Recitals 

WHEREAS, the Company, Gigamon Systems, the Founders and the Investors are parties to the Unit Purchase and Redemption Agreement dated as
of January 15, 2010 (the “Purchase Agreement”); 
 WHEREAS, in order to induce the Investors to
invest funds in the Company pursuant to the Purchase Agreement, the Investors, the Founders, Gigamon Systems and the Company hereby agree that this Agreement shall govern the rights of the Investors to cause the Company to register securities
issuable to the Investors, to receive certain information from the Company, and to participate in future equity offerings by the Company, and shall govern certain other matters as set forth in this Agreement; and 

WHEREAS, in connection with the execution of this Agreement, each of the Investors has entered into the Restated Limited Liability
Company Agreement of Gigamon LLC of even date herewith (the “Restated LLC Agreement”); 
 NOW
THEREFORE, in consideration of the foregoing and the mutual covenants and agreements hereinafter set forth, the parties hereto agree as follows: 
 1. Definitions. For purposes of this Agreement: 
 1.1
“Affiliate” means, with respect to any specified Person, any other Person who, directly or indirectly, controls, is controlled by, or is under common control with such Person, including without limitation any general partner,
managing member, officer or director of such Person or any investment fund now or hereafter existing that is controlled by one or more general partners or managing members of, or shares the same management company with, such Person. 

1.2 “Board” means the Company’s Board of Managers or, following any conversion of the Company to a
corporation, the Company’s (or its successor’s) Board of Directors. 
 1.3 “Common Unit” has
the meaning ascribed to such term in the Restated LLC Agreement or any common equity security of the Company (or its successor) issued in exchange thereof. 







 1.4 “Damages” means any loss, damage, or liability (joint or
several) to which a party hereto may become subject under the Securities Act, the Exchange Act, or other federal or state law, insofar as such loss, damage, or liability (or any action in respect thereof) arises out of or is based upon (i) any
untrue statement or alleged untrue statement of a material fact contained in any registration statement of the Company, including any preliminary prospectus or final prospectus contained therein or any amendments or supplements thereto; (ii) an
omission or alleged omission to state therein a material fact required to be stated therein, or necessary to make the statements therein not misleading; or (iii) any violation or alleged violation by the indemnifying party (or any of its agents
or Affiliates) of the Securities Act, the Exchange Act, any state securities law, or any rule or regulation promulgated under the Securities Act, the Exchange Act, or any state securities law. 

1.5 “Derivative Securities” means any securities or rights convertible into, or exercisable or exchangeable for
(in each case, directly or indirectly) Common Units, including options and warrants to purchase Common Units. 
 1.6
“Exchange Act” means the Securities Exchange Act of 1934, as amended, and the rules and regulations promulgated thereunder. 
 1.7 “Excluded Registration” means (i) a registration relating to the sale of securities to employees of the Company or a subsidiary pursuant to a security option, securities
purchase, or similar plan; (ii) a registration on any form that does not include substantially the same information as would be required to be included in a registration statement covering the sale of the Registrable Securities; or (iii) a
registration in which the only Common Units being registered are Common Units issuable upon conversion of debt securities that are also being registered. 
 1.8 “Form S-1” means such form under the Securities Act as in effect on the date hereof or any successor registration form under the Securities Act subsequently adopted by the SEC.

 1.9 “Form S-3” means such form under the Securities Act as in effect on the date hereof or any
registration form under the Securities Act subsequently adopted by the SEC that permits incorporation of substantial information by reference to other documents filed by the Company with the SEC. 

1.10 “GAAP” means generally accepted accounting principles in the United States. 

1.11 “Gigamon Systems Registrable Securities” means (a) any Common Units held by Gigamon Systems and
(b) any Common Units issued as (or issuable upon the conversion or exercise of any warrant, right, or other security that is issued as) a dividend or other distribution with respect to, or in exchange for or in replacement of such units.

 1.12 “Holder” means any holder of Registrable Securities who is a party to this Agreement
provided, however, that Gigamon Systems shall not be deemed a Holder for the purposes of Sections 2.1, 2.3(a), 2.3(c) or 2.10. 

  
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 1.13 “Immediate Family Member” means a child, stepchild, grandchild,
parent, stepparent, grandparent, spouse, sibling, mother-in-law, father-in-law, son-in-law, daughter-in-law, brother-in-law, or sister-in-law, including adoptive relationships, of a natural person referred to herein. 

1.14 “Initiating Holders” means, collectively, Investors who properly initiate a registration
request under this Agreement. 
 1.15 “IPO” means the Company’s first underwritten public offering
of its Common Units under the Securities Act, it being acknowledged that such public offering may occur after the conversion of the Company to a corporation as contemplated by Section 5.4 of the Restated LLC Agreement. 

1.16 “New Securities” means, collectively, equity securities of the Company, whether or not currently authorized,
as well as rights, options, or warrants to purchase such equity securities, or securities of any type whatsoever that are, or may become, convertible or exchangeable into or exercisable for such equity securities. 

1.17 “Person” means an individual, a corporation, a partnership, a joint venture, a trust, an unincorporated
organization, a limited liability company or partnership, an association or any other entity. 
 1.18 “Registrable
Securities” means (i) the Common Units issuable or issued upon conversion of the Series A Preferred Units; (ii) any Common Units, or any Common Units issued or issuable (directly or indirectly) upon conversion and/or exercise of any
other securities of the Company, acquired by the Investors after the date hereof; (iii) Gigamon Systems Registrable Securities, provided, however, that such Gigamon Systems Registrable Securities shall not be deemed Registrable
Securities for the purposes of Sections 2.1, 2.3(a), 2.3(c), 2.10 or 6.6; and (iv) any Common Units issued as (or issuable upon the conversion or exercise of any warrant, right, or other security that is issued as)
a dividend or other distribution with respect to, or in exchange for or in replacement of, the securities referenced in clauses (i) and (ii) above (including, without limitation, any common equity securities issued or issuable in connection with a
combination of securities, recapitalization, dividends, merger, consolidation or other reorganization); excluding in all cases, however, any Registrable Securities sold by a Person in a transaction in which the applicable rights under this Agreement
are not assigned pursuant to Section 6.1, and excluding for purposes of Section 2 any securities for which registration rights have terminated pursuant to Section 2.13 of this Agreement. 

1.19 “Registrable Securities then outstanding” means the number of securities determined by adding the number of
outstanding Common Units that are Registrable Securities and the number of Common Units issuable (directly or indirectly) pursuant to then exercisable and/or convertible securities that are Registrable Securities. 

1.22 “Restricted Securities” means the securities of the Company required to bear the legend set forth in
Section 2.12(b) hereof. 
 1.23 “SEC” means the Securities and Exchange Commission. 

  
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 1.24 “SEC Rule 144” means Rule 144 promulgated by the SEC under the
Securities Act. 
 1.25 “Securities Act” means the Securities Act of 1933, as amended, and the rules and
regulations promulgated thereunder. 
 1.26 “Selling Expenses” means all underwriting discounts, selling
commissions, and securities transfer taxes applicable to the sale of Registrable Securities, and fees and disbursements of counsel for any Holder, except for the fees and disbursements of the Selling Holder Counsel borne and paid by the Company as
provided in Section 2.6. 
 1.27 “Series A Preferred Unit” has the meaning ascribed to such
term in the Restated LLC Agreement. 
 2. Registration Rights. The Company covenants and agrees as follows: 

2.1 Demand Registration. 
 (a) Form S-1 Demand. If at any time after one hundred eighty (180) days after the effective date of the registration statement for the IPO, the Company receives a request from Holders of a
majority of the Registrable Securities then outstanding that the Company file a Form S-1 registration statement with respect to any Registrable Securities then outstanding (and the Registrable Securities subject to such request have an anticipated
aggregate offering price of at least $10,000,000), then the Company shall (i) within ten (10) days after the date such request is given, give notice thereof (the “Demand Notice”) to all Holders other than the
Initiating Holders; and (ii) as soon as practicable, and in any event within sixty (60) days after the date such request is given by the Initiating Holders, file a Form S-1 registration statement under the Securities Act covering all
Registrable Securities that the Initiating Holders requested to be registered and any additional Registrable Securities requested to be included in such registration by any other Holders, as specified by notice given by each such Holder to the
Company within twenty (20) days of the date the Demand Notice is given, and in each case, subject to the limitations of Section 2.1(c), Section 2.1(d) and Section 2.3. 

(b) Form S-3 Demand. If at any time when it is eligible to use a Form S-3 registration statement, the Company receives a request
from Holders of at least ten percent (10%) of the Registrable Securities then outstanding that the Company file a Form S-3 registration statement with respect to outstanding Registrable Securities of such Holders having an anticipated aggregate
offering price of at least $2.5 million, then the Company shall (i) within ten (10) days after the date such request is given, give a Demand Notice to all Holders other than the Initiating Holders; and (ii) as soon as practicable, and
in any event within forty-five (45) days after the date such request is given by the Initiating Holders, file a Form S-3 registration statement under the Securities Act covering all Registrable Securities requested to be included in such
registration by any other Holders, as specified by notice given by each such Holder to the Company within twenty (20) days of the date the Demand Notice is given, and in each case, subject to the limitations of Section 2.1(c),
Section 2.1(d) and Section 2.3. 
 (c) Notwithstanding the foregoing obligations, if the Company
furnishes to Holders requesting a registration pursuant to this Section 2.1 a certificate signed by 

  
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the Company’s chief executive officer stating that in the good faith judgment of the Board it would be materially detrimental to the Company and its equity holders for such registration
statement to either become effective or remain effective for as long as such registration statement otherwise would be required to remain effective, because such action would (i) materially interfere with a significant acquisition, corporate
reorganization, or other similar transaction involving the Company; (ii) require premature disclosure of material information that the Company has a bona fide business purpose for preserving as confidential; or (iii) render the Company
unable to comply with requirements under the Securities Act or Exchange Act, then the Company shall have the right to defer taking action with respect to such filing, and any time periods with respect to filing or effectiveness thereof shall be
tolled correspondingly, for a period of not more than forty-five (45) days after the request of the Initiating Holders is given; provided, however, that the Company may not invoke this right more than twice in any twelve (12) month
period; and provided further that the Company shall not register any securities for its own account or that of any other equity holder during such forty-five (45) day period other than an Excluded Registration. 

(d) The Company shall not be obligated to effect, or to take any action to effect, any registration pursuant to
Section 2.1(a) (i) during the period that is sixty (60) days before the Company’s good faith estimate of the date of filing of, and ending on a date that is one hundred eighty (180) days after the effective date of, a
Company-initiated registration, provided, that the Company is actively employing in good faith commercially reasonable efforts to cause such registration statement to become effective; (ii) after the Company has effected two
registrations pursuant to Section 2.1(a); or (iii) if the Initiating Holders propose to dispose of Registrable Securities that may be immediately registered on Form S-3 pursuant to a request made pursuant to
Section 2.1(b). The Company shall not be obligated to effect, or to take any action to effect, any registration pursuant to Section 2.1(b) (i) during the period that is thirty (30) days before the Company’s
good faith estimate of the date of filing of, and ending on a date that is ninety (90) days after the effective date of, a Company-initiated registration, provided, that the Company is actively employing in good faith commercially
reasonable efforts to cause such registration statement to become effective; or (ii) if the Company has effected two registrations pursuant to Section 2.1(b) within the twelve (12) month period immediately preceding the date of
such request. A registration shall not be counted as “effected” for purposes of this Section 2.1(d) until such time as the applicable registration statement has been declared effective by the SEC, unless the Initiating Holders
withdraw their request for such registration, elect not to pay the registration expenses therefor, and forfeit their right to one demand registration statement pursuant to Section 2.6, in which case such withdrawn registration statement
shall be counted as “effected” for purposes of this Section 2.1(d). 
 2.2 Company Registration. If
the Company proposes to register (including, for this purpose, a registration effected by the Company for equity holders other than the Holders) any of its securities under the Securities Act in connection with the public offering of such securities
solely for cash (other than in an Excluded Registration), the Company shall, at such time, promptly give each Holder written notice of such registration. Upon the request of each Holder given within twenty (20) days after such notice is given
by the Company, the Company shall, subject to the provisions of Section 2.3, cause to be registered all of the Registrable Securities that each such Holder has requested to be included in such registration; provided,
however, that upon written notice to the Company by the Investors given within such 

  
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20-day period, no Holder shall have the right to include any Registrable Securities in such registration. The Company shall have the right to terminate or withdraw any registration initiated by
it under this Section 2.2 before the effective date of such registration, whether or not any Holder has elected to include Registrable Securities in such registration. The expenses (other than Selling Expenses) of such withdrawn
registration shall be borne by the Company in accordance with Section 2.6. 
 2.3 Underwriting Requirements.

 (a) If, pursuant to Section 2.1, the Initiating Holders intend to distribute the Registrable Securities covered
by their request by means of an underwriting, they shall so advise the Company as a part of their request made pursuant to Section 2.1, and the Company shall include such information in the Demand Notice. The underwriter(s) will be
selected by the Company and shall be reasonably acceptable to a majority in interest of the Initiating Holders. In such event, the right of any Holder to include such Holder’s Registrable Securities in such registration shall be conditioned
upon such Holder’s participation in such underwriting and the inclusion of such Holder’s Registrable Securities in the underwriting to the extent provided herein. All Holders proposing to distribute their securities through such
underwriting shall (together with the Company as provided in Section 2.4(e)) enter into an underwriting agreement in customary form with the underwriter(s) selected for such underwriting. Notwithstanding any other provision of this
Section 2.3, if the managing underwriter(s) advise the Initiating Holders in writing that marketing factors require a limitation on the number of securities to be underwritten, then the Initiating Holders shall so advise all Holders of
Registrable Securities that otherwise would be underwritten pursuant hereto, and the number of Registrable Securities that may be included in the underwriting shall be allocated among such Holders of Registrable Securities, including the Initiating
Holders, in proportion (as nearly as practicable) to the number of Registrable Securities owned by each Holder or in such other proportion as shall mutually be agreed to by all such selling Holders; provided, however, that the number of
Registrable Securities held by the Holders to be included in such underwriting shall not be reduced unless all other securities are first entirely excluded from the underwriting. To facilitate the allocation of shares in accordance with the above
provisions, the Company or the underwriters may round the number of shares allocated to any Holder to the nearest 100 shares. 

(b) In connection with any offering involving an underwriting of Company’s capital securities pursuant to Section 2.2,
the Company shall not be required to include any Holder’s Registrable Securities in such underwriting unless such Holder accepts the terms of the underwriting as agreed upon between the Company and its underwriters, and then only in such
quantity as the underwriters in their sole discretion determine will not jeopardize the success of the offering by the Company. If the total number of securities, including Registrable Securities, requested by Holders to be included in such offering
exceeds the number of securities to be sold (other than by the Company) that the underwriters in their reasonable discretion determine is compatible with the success of the offering, then the Company shall be required to include in the offering only
that number of such securities, including Registrable Securities, which the underwriters and the Company in their sole discretion determine will not jeopardize the success of the offering. If the underwriters determine that less than all of the
Registrable Securities requested to be registered can be included in such offering, then the Registrable 

  
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Securities that are included in such offering shall be allocated among the selling Holders in proportion (as nearly as practicable to) the number of Registrable Securities owned by each selling
Holder or in such other proportions as shall mutually be agreed to by all such selling Holders. To facilitate the allocation of shares in accordance with the above provisions, the Company or the underwriters may round the number of shares allocated
to any Holder to the nearest 100 shares. Notwithstanding the foregoing, in no event shall (i) the number of Registrable Securities included in the offering be reduced unless all other securities (other than securities to be sold by the Company)
are first entirely excluded from the offering, (ii) the number of Registrable Securities included in the offering be reduced below twenty-five percent (25%) of the total number of securities included in such offering, unless such offering
is the IPO, in which case the selling Holders may be excluded further if the underwriters make the determination described above and no other equity holder’s securities are included in such offering, or (iii) notwithstanding
(ii) above, any Registrable Securities which are not Gigamon Systems Registrable Securities be excluded from such underwriting unless all Gigamon Systems Registrable Securities are first excluded from such offering. For purposes of the
provision in this Section 2.3(b) concerning apportionment, for any selling Holder that is a partnership, limited liability company, or corporation, the partners, members, retired partners, retired members, equity holders, and Affiliates
of such Holder, or the estates and Immediate Family Members of any such partners, retired partners, members, and retired members and any trusts for the benefit of any of the foregoing Persons, shall be deemed to be a single “selling
Holder,” and any pro rata reduction with respect to such “selling Holder” shall be based upon the aggregate number of Registrable Securities owned by all Persons included in such “selling Holder,” as defined in this
sentence. 
 (c) For purposes of Section 2.1, a registration shall not be counted as “effected” if, as a
result of an exercise of the underwriter’s cutback provisions in Section 2.3(a), fewer than fifty percent (50%) of the total number of Registrable Securities that Holders have requested to be included in such registration
statement are actually included. 
 2.4 Obligations of the Company. Whenever required under this Section 2 to
effect the registration of any Registrable Securities, the Company shall, as expeditiously as reasonably possible: 
 (a)
prepare and file with the SEC a registration statement with respect to such Registrable Securities and use its commercially reasonable efforts to cause such registration statement to become effective and, upon the request of the Holders of a
majority of the Registrable Securities registered thereunder, keep such registration statement effective for a period of up to one hundred twenty (120) days or, if earlier, until the distribution contemplated in the registration statement has been
completed; provided, however, that (i) such one hundred twenty (120) day period shall be extended for a period of time equal to the period any Holder refrains, at the request of an underwriter of Common Units (or other securities) of the
Company, from selling any securities included in such registration, and (ii) in the case of any registration of Registrable Securities on Form S-3 that are intended to be offered on a continuous or delayed basis, subject to compliance with
applicable SEC rules, such one hundred twenty (120) day period shall be extended for up to 245 days, if necessary, to keep the registration statement effective until all such Registrable Securities are sold; 

  
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 (b) prepare and file with the SEC such amendments and supplements to such registration
statement, and the prospectus used in connection with such registration statement, as may be necessary to comply with the Securities Act in order to enable the disposition of all securities covered by such registration statement; 

(c) furnish to the selling Holders such numbers of copies of a prospectus, including a preliminary prospectus, as required by the
Securities Act, and such other documents as the selling Holders may reasonably request in order to facilitate their disposition of their Registrable Securities; 
 (d) use its commercially reasonable efforts to register and qualify the securities covered by such registration statement under such other securities or blue-sky laws of such jurisdictions as shall be
reasonably requested by the selling Holders; provided that the Company shall not be required to qualify to do business or to file a general consent to service of process in any such states or jurisdictions, unless the Company is already
subject to service in such jurisdiction and except as may be required by the Securities Act; 
 (e) in the event of any
underwritten public offering, enter into and perform its obligations under an underwriting agreement, in usual and customary form, with the underwriter(s) of such offering; 
 (f) use its commercially reasonable efforts to cause all such Registrable Securities covered by such registration statement to be listed on a national securities exchange or trading system and each
securities exchange and trading system (if any) on which similar securities issued by the Company are then listed; 
 (g)
provide a transfer agent and registrar for all Registrable Securities registered pursuant to this Agreement and provide a CUSIP number for all such Registrable Securities, in each case not later than the effective date of such registration;

 (h) promptly make available for inspection by the selling Holders, any managing underwriter(s) participating in any
disposition pursuant to such registration statement, and any attorney or accountant or other agent retained by any such underwriter or selected by the selling Holders, all financial and other records, pertinent corporate documents, and properties of
the Company, and cause the Company’s officers, directors, managers, employees, and independent accountants to supply all information reasonably requested by any such seller, underwriter, attorney, accountant, or agent, in each case, as
necessary or advisable to verify the accuracy of the information in such registration statement and to conduct appropriate due diligence in connection therewith; 
 (i) notify each selling Holder, promptly after the Company receives notice thereof, of the time when such registration statement has been declared effective or a supplement to any prospectus forming a
part of such registration statement has been filed; and 
 (j) after such registration statement becomes effective, notify each
selling Holder of any request by the SEC that the Company amend or supplement such registration statement or prospectus. 

  
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 2.5 Furnish Information. It shall be a condition precedent to the obligations of the
Company to take any action pursuant to this Section 2 with respect to the Registrable Securities of any selling Holder that such Holder shall furnish to the Company such information regarding itself, the Registrable Securities held by
it, and the intended method of disposition of such securities as is reasonably required to effect the registration of such Holder’s Registrable Securities. 
 2.6 Expenses of Registration. All expenses (other than Selling Expenses) incurred in connection with registrations, filings, or qualifications pursuant to Section 2, including all
registration, filing, and qualification fees; printers’ and accounting fees; fees and disbursements of counsel for the Company; and the reasonable fees and disbursements of one counsel for the selling Holders selected by the Investors (to a
maximum of $50,000) (“Selling Holder Counsel”), shall be borne and paid by the Company; provided, however, that the Company shall not be required to pay for any expenses of any registration proceeding begun pursuant to
Section 2.1 if the registration request is subsequently withdrawn at the request of the Holders of a majority of the Registrable Securities to be registered (in which case all selling Holders shall bear such expenses pro rata based upon
the number of Registrable Securities that were to be included in the withdrawn registration), unless the Holders of a majority of such Registrable Securities agree to forfeit their right to one registration pursuant to Section 2.1(a) or
Section 2.1(b), as the case may be; provided further that if, at the time of such withdrawal, such Holders shall have learned of a material adverse change in the condition, business, or prospects of the Company from that known to
such Holders at the time of their request and have withdrawn the request with reasonable promptness after learning of such information then such Holders shall not be required to pay any of such expenses and shall not forfeit their right to one
registration pursuant to Section 2.1(a) or Section 2.1(b). All Selling Expenses relating to Registrable Securities registered pursuant to this Section 2 shall be borne and paid by the selling Holders pro rata on
the basis of the number of Registrable Securities registered on their behalf. 
 2.7 Delay of Registration. No Holder
shall have any right to obtain or seek an injunction restraining or otherwise delaying any registration pursuant to this Agreement as the result of any controversy that might arise with respect to the interpretation or implementation of this
Section 2. 
 2.8 Indemnification. If any Registrable Securities are included in a registration statement
under this Section 2: 
 (a) To the extent permitted by law, the Company will indemnify and hold harmless each
selling Holder, and the partners, members, officers, directors, and equity holders of each such Holder; legal counsel and accountants for each such Holder; any underwriter (as defined in the Securities Act) for each such Holder; and each Person, if
any, who controls such Holder or underwriter within the meaning of the Securities Act or the Exchange Act, against any Damages, and the Company will pay to each such Holder, underwriter, controlling Person, or other aforementioned Person any legal
or other expenses reasonably incurred thereby in connection with investigating or defending any claim or proceeding from which Damages may result, as such expenses are incurred; provided, however, that the indemnity agreement contained in
this Section 2.8(a) shall not apply to amounts paid in settlement of any such claim or proceeding if such settlement is effected without the consent of the Company, 

  
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which consent shall not be unreasonably withheld, nor shall the Company be liable for any Damages to the extent that they arise out of or are based upon actions or omissions made in reliance upon
and in conformity with written information furnished by or on behalf of any such Holder, underwriter, controlling Person, or other aforementioned Person expressly for use in connection with such registration. 

(b) To the extent permitted by law, each selling Holder, severally and not jointly, will indemnify and hold harmless the Company, and
each of its managers, each of its officers who has signed the registration statement, each Person (if any), who controls the Company within the meaning of the Securities Act, legal counsel and accountants for the Company, any underwriter (as defined
in the Securities Act), any other Holder selling securities in such registration statement, and any controlling Person of any such underwriter or other Holder, against any Damages, in each case only to the extent that such Damages arise out of or
are based upon actions or omissions made in reliance upon and in conformity with written information furnished by or on behalf of such selling Holder expressly for use in connection with such registration; and each such selling Holder will pay to
the Company and each other aforementioned Person any legal or other expenses reasonably incurred thereby in connection with investigating or defending any claim or proceeding from which Damages may result, as such expenses are incurred; provided,
however, that the indemnity agreement contained in this Section 2.8(b) shall not apply to amounts paid in settlement of any such claim or proceeding if such settlement is effected without the consent of the Holder, which consent
shall not be unreasonably withheld; and provided further that in no event shall the aggregate amounts payable by any Holder by way of indemnity or contribution under Sections 2.8(b) and 2.8(d) exceed the proceeds from the
offering received by such Holder (net of any Selling Expenses paid by such Holder), except in the case of fraud or willful misconduct by such Holder. 
 (c) Promptly after receipt by an indemnified party under this Section 2.8 of notice of the commencement of any action (including any governmental action) for which a party may be entitled to
indemnification hereunder, such indemnified party will, if a claim in respect thereof is to be made against any indemnifying party under this Section 2.8, give the indemnifying party notice of the commencement thereof. The indemnifying
party shall have the right to participate in such action and, to the extent the indemnifying party so desires, participate jointly with any other indemnifying party to which notice has been given, and to assume the defense thereof with counsel
mutually satisfactory to the parties; provided, however, that an indemnified party (together with all other indemnified parties that may be represented without conflict by one counsel) shall have the right to retain one separate counsel, with
the fees and expenses to be paid by the indemnifying party, if representation of such indemnified party by the counsel retained by the indemnifying party would be inappropriate due to actual or potential differing interests between such indemnified
party and any other party represented by such counsel in such action. The failure to give notice to the indemnifying party within a reasonable time of the commencement of any such action shall relieve such indemnifying party of any liability to the
indemnified party under this Section 2.8, to the extent that such failure materially prejudices the indemnifying party’s ability to defend such action. The failure to give notice to the indemnifying party will not relieve it of any
liability that it may have to any indemnified party otherwise than under this Section 2.8. 

  
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 (d) To provide for just and equitable contribution to joint liability under the Securities
Act in any case in which either (i) any party otherwise entitled to indemnification hereunder makes a claim for indemnification pursuant to this Section 2.8 but it is judicially determined (by the entry of a final judgment or decree
by a court of competent jurisdiction and the expiration of time to appeal or the denial of the last right of appeal) that such indemnification may not be enforced in such case, notwithstanding the fact that this Section 2.8 provides for
indemnification in such case, or (ii) contribution under the Securities Act may be required on the part of any party hereto for which indemnification is provided under this Section 2.8, then, and in each such case, such parties will
contribute to the aggregate losses, claims, damages, liabilities, or expenses to which they may be subject (after contribution from others) in such proportion as is appropriate to reflect the relative fault of each of the indemnifying party and the
indemnified party in connection with the statements, omissions, or other actions that resulted in such loss, claim, damage, liability, or expense, as well as to reflect any other relevant equitable considerations. The relative fault of the
indemnifying party and of the indemnified party shall be determined by reference to, among other things, whether the untrue or allegedly untrue statement of a material fact, or the omission or alleged omission of a material fact, relates to
information supplied by the indemnifying party or by the indemnified party and the parties’ relative intent, knowledge, access to information, and opportunity to correct or prevent such statement or omission; provided, however, that, in
any such case, (x) no Holder will be required to contribute any amount in excess of the public offering price of all such Registrable Securities offered and sold by such Holder pursuant to such registration statement, and (y) no Person
guilty of fraudulent misrepresentation (within the meaning of Section 11(f) of the Securities Act) will be entitled to contribution from any Person who was not guilty of such fraudulent misrepresentation; and provided further that in no
event shall a Holder’s liability pursuant to this Section 2.8(d), when combined with the amounts paid or payable by such Holder pursuant to Section 2.8(b), exceed the proceeds from the offering received by such Holder
(net of any Selling Expenses), except in the case of willful misconduct or fraud by such Holder. 
 (e) Notwithstanding the
foregoing, to the extent that the provisions on indemnification and contribution contained in the underwriting agreement entered into in connection with the underwritten public offering are in conflict with the foregoing provisions, the provisions
in the underwriting agreement shall control. 
 (f) Unless otherwise superseded by an underwriting agreement entered into in
connection with the underwritten public offering, the obligations of the Company and Holders under this Section 2.8 shall survive the completion of any offering of Registrable Securities in a registration under this
Section 2, and otherwise shall survive the termination of this Agreement. 
 2.9 Reports Under Exchange Act.
With a view to making available to the Holders the benefits of SEC Rule 144 and any other rule or regulation of the SEC that may at any time permit a Holder to sell securities of the Company to the public without registration or pursuant to a
registration on Form S-3, the Company shall: 
 (a) make and keep available adequate current public information, as those terms
are understood and defined in SEC Rule 144, at all times after the effective date of the registration statement filed by the Company for the IPO; 

  
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 (b) use commercially reasonable efforts to file with the SEC in a timely manner all reports
and other documents required of the Company under the Securities Act and the Exchange Act (at any time after the Company has become subject to such reporting requirements); and 

(c) furnish to any Holder, so long as the Holder owns any Registrable Securities, forthwith upon request (i) to the extent
accurate, a written statement by the Company that it has complied with the reporting requirements of SEC Rule 144 (at any time after ninety (90) days after the effective date of the registration statement filed by the Company for the IPO), the
Securities Act, and the Exchange Act (at any time after the Company has become subject to such reporting requirements), or that it qualifies as a registrant whose securities may be resold pursuant to Form S-3 (at any time after the Company so
qualifies); (ii) a copy of the most recent annual or quarterly report of the Company and such other reports and documents so filed by the Company; and (iii) such other information as may be reasonably requested in availing any Holder of
any rule or regulation of the SEC that permits the selling of any such securities without registration (at any time after the Company has become subject to the reporting requirements under the Exchange Act) or pursuant to Form S-3 (at any time after
the Company so qualifies to use such form). 
 2.10 Limitations on Subsequent Registration Rights. From and after the
date of this Agreement, the Company shall not, without the prior written consent of the Holders of a majority of the Registrable Securities then outstanding, enter into any agreement with any holder or prospective holder of any securities of the
Company that (i) would provide to such holder the right to include securities in any registration on other than either a pro rata basis with respect to the Registrable Securities or on a subordinate basis after all Holders have had the
opportunity to include in the registration and offering all Registrable Securities that they wish to so include or (ii) allow such holder or prospective holder to initiate a demand for registration of any securities held by such holder or
prospective holder; provided that this limitation shall not apply to any additional Investor who becomes a party to this Agreement in accordance with Section 6.9. 

2.11 “Market Stand-off” Agreement. Each Holder hereby agrees that it will not, without the prior written consent of the
managing underwriter, during the period commencing on the date of the final prospectus relating to the IPO, and ending on the date specified by the Company and the managing underwriter (such period not to exceed one hundred eighty (180) days),
(i) lend; offer; pledge; sell; contract to sell; sell any option or contract to purchase; purchase any option or contract to sell; grant any option, right, or warrant to purchase; or otherwise transfer or dispose of, directly or indirectly, any
Common Units or any securities convertible into or exercisable or exchangeable (directly or indirectly) for Common Units held immediately before the effective date of the registration statement for such offering or (ii) enter into any swap or
other arrangement that transfers to another, in whole or in part, any of the economic consequences of ownership of such securities, whether any such transaction described in clause (i) or (ii) above is to be settled by delivery of Common
Units or other securities, in cash, or otherwise. The foregoing provisions of this Section 2.11 shall apply only to the IPO and shall not apply to the sale of any securities to an underwriter pursuant to an underwriting agreement, and
shall be applicable to the Holders only if all officers, directors or managers and one percent (1.0%) or greater equity holders are subject to the same restrictions. Each Holder further agrees to execute such agreements as may be reasonably
requested by the underwriters in 

  
 12 









 
connection with such registration that are consistent with this Section 2.11 or that are necessary to give further effect thereto. Any discretionary waiver or termination of the
restrictions of any or all of such agreements by the Company or the underwriters shall apply pro rata to all Holders subject to such agreements, based on the number of securities subject to such agreements. 

2.12 Restrictions on Transfer. 
 (a) Neither the Series A Preferred Units nor the Registrable Securities shall be sold, pledged or otherwise transferred, and the Company shall not recognize and shall issue stop-transfer instructions to
its transfer agent with respect to any such sale, pledge or transfer, except upon the conditions specified in this Agreement, which conditions are intended to ensure compliance with the provisions of the Securities Act. A transferring Holder will
cause any proposed purchaser, pledgee or transferee of the Series A Preferred Units and the Registrable Securities held by such Holder to agree to take and hold such securities subject to the provisions and upon the conditions specified in this
Agreement. 
 (b) Any certificate or instrument representing (i) the Series A Preferred Units, (ii) the Registrable
Securities, and (iii) any other securities issued in respect of the securities referenced in clauses (i) and (ii), upon any split, dividend, recapitalization of securities, merger, consolidation, or similar event, shall (unless otherwise
permitted by the provisions of Section 2.12(c)) be stamped or otherwise imprinted with a legend substantially in the following form: 
 THE SECURITIES REPRESENTED HEREBY HAVE BEEN ACQUIRED FOR INVESTMENT AND HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933. SUCH SECURITIES MAY NOT BE SOLD, PLEDGED, OR TRANSFERRED IN THE ABSENCE
OF SUCH REGISTRATION OR A VALID EXEMPTION FROM THE REGISTRATION AND PROSPECTUS DELIVERY REQUIREMENTS OF SAID ACT. 
 The Holders consent to the
Company making a notation in its records and giving instructions to any transfer agent of the Restricted Securities in order to implement the restrictions on transfer set forth in this Section 2.12. 

(c) The holder of any certificate representing Restricted Securities, by acceptance thereof, agrees to comply in all respects with the
provisions of this Section 2. Before any proposed sale, pledge or transfer of any Restricted Securities, unless there is in effect a registration statement under the Securities Act covering the proposed transaction, the Holder thereof
shall give notice to the Company of such Holder’s intention to effect such sale, pledge or transfer. Each such notice shall describe the manner and circumstances of the proposed sale, pledge or transfer in sufficient detail and, if reasonably
requested by the Company, shall be accompanied at such Holder’s expense by either (i) a written opinion of legal counsel who shall, and whose legal opinion shall, be reasonably satisfactory to the Company, addressed to the Company, to the
effect that the proposed transaction may be effected without registration under the Securities Act; (ii) a “no action” letter from the SEC to the effect that the proposed sale, pledge or transfer of such Restricted Securities without
registration will not result in a recommendation by the staff of the SEC that action be taken with respect thereto; or (iii) any 

  
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other evidence reasonably satisfactory to counsel to the Company to the effect that the proposed sale, pledge or transfer of the Restricted Securities may be effected without registration under
the Securities Act, whereupon the Holder of such Restricted Securities shall be entitled to sell, pledge, or transfer such Restricted Securities in accordance with the terms of the notice given by the Holder to the Company. The Company will not
require such a legal opinion or “no action” letter (x) in any transaction in compliance with SEC Rule 144 or (y) in any transaction in which such Holder distributes Restricted Securities to an Affiliate of such Holder for no
consideration; provided that each transferee agrees in writing to be subject to the terms of this Section 2.12. Any certificate or instrument evidencing the Restricted Securities transferred as above provided shall bear, except if such
transfer is made pursuant to SEC Rule 144, the appropriate restrictive legend set forth in Section 2.12(b), except that such certificate shall not bear such restrictive legend if, in the opinion of counsel for such Holder and the
Company, such legend is not required in order to establish compliance with any provisions of the Securities Act. 
 2.13
Termination of Registration Rights. The right of any Holder to request registration or inclusion of Registrable Securities in any registration pursuant to Section 2.1 or Section 2.2 shall terminate upon the earlier of
(i) the five year anniversary of the IPO, (ii) the closing of a Deemed Liquidation Event or Sale Transaction (as defined in the Restated LLC Agreement), and (iii) the first date when all of such Holder’s Registrable Securities
could be sold without restriction under SEC Rule 144. 
 3. Information and Observer Rights. 

3.1 Delivery of Financial Statements. The Company shall deliver to each Investor: 

(a) as soon as practicable, but in any event within sixty (60) days after the end of each fiscal year of the Company, (i) a
balance sheet as of the end of such year, (ii) statements of income and of cash flows for such year, and (iii) a statement of security holders’ equity as of the end of such year, all such financial statements audited and certified by
independent public accountants of nationally recognized standing selected by the Company; 
 (b) as soon as practicable, but in
any event within forty-five (45) days after the end of each of the first three (3) quarters of each fiscal year of the Company, unaudited statements of income and of cash flows for such fiscal quarter, and an unaudited balance sheet and a
statement of security holders’ equity as of the end of such fiscal quarter, all prepared in accordance with GAAP (except that such financial statements may (i) be subject to normal year-end audit adjustments and (ii) not contain all
notes thereto that may be required in accordance with GAAP); 
 (c) as soon as practicable, but in any event within thirty
(30) days of the end of each month, an unaudited income statement and statement of cash flows for such month, and an unaudited balance sheet and statement of security holders’ equity as of the end of such month, all prepared in accordance
with GAAP (except that such financial statements may (i) be subject to normal year-end audit adjustments and (ii) not contain all notes thereto that may be required in accordance with GAAP); 

  
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 (d) as soon as practicable, but in any event thirty (30) days before the end of each
fiscal year, a budget and business plan for the next fiscal year (collectively, the “Budget”), approved by the Board and prepared on a monthly basis, including balance sheets, income statements, and statements of cash flow
for such months and, promptly after prepared, any other budgets or revised budgets prepared by the Company; and 
 (e) with
respect to the financial statements called for in Section 3.1(a), an instrument executed by the chief financial officer and chief executive officer of the Company certifying that such financial statements were prepared in accordance with GAAP
consistently applied with prior practice for earlier periods and fairly present the financial condition of the Company and its results of operation for the periods specified therein. 
 If, for any period, the Company has any subsidiary whose accounts are consolidated with those of the Company, then in respect of such period the financial statements delivered pursuant to the foregoing
sections shall be the consolidated and consolidating financial statements of the Company and all such consolidated subsidiaries. 

Notwithstanding anything else in this Section 3.1 to the contrary, the Company may cease providing the information set forth in this Section
3.1 during the period starting with the date thirty (30) days before the Company’s good-faith estimate of the date of filing of a registration statement if it reasonably concludes it must do so to comply with the SEC rules applicable to
such registration statement and related offering; provided that the Company’s covenants under this Section 3.1 shall be reinstated at such time as the Company is no longer actively employing its commercially reasonable efforts to
cause such registration statement to become effective. 
 3.2 Inspection. The Company shall permit each Investor, at such
Investor’s expense, to: visit and inspect the Company’s properties; examine its books of account and records; and discuss the Company’s affairs, finances, and accounts with its officers, during normal business hours of the Company as
may be reasonably requested by the Investor; provided, however, that the Company shall not be obligated pursuant to this Section 3.2 to provide access to any information that it reasonably and in good faith considers to be a trade
secret or confidential information (unless covered by an enforceable confidentiality agreement, in form reasonably acceptable to the Company) or the disclosure of which would adversely affect the attorney-client privilege between the Company and its
counsel. 
 3.3 Observer Rights. As long as each Founder (a) remains an employee of the Company, (b) is not a
member of the Board and (c) owns, directly or indirectly (through Gigamon Systems), not less than a majority of the Common Units he owned as of the date of this Agreement after giving effect to the Redemption (as defined in the Purchase
Agreement) (as adjusted for any equity security combination, split, dividend, recapitalization or similar event), the Company shall invite such Founder to attend all meetings of its Board in a nonvoting observer capacity and, in this respect, shall
give such Founder copies of all notices, minutes, consents and other materials that it provides to its directors or managers; provided, however, that such Founder shall agree to hold in confidence and trust and to act in a fiduciary manner
with respect to all information so provided; and provided further, that the Company reserves the right to withhold any information and to exclude such Founder from any meeting or portion thereof if access to such information or attendance at
such meeting could adversely affect the attorney-

  
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client privilege between the Company and its counsel or result in disclosure of trade secrets or a conflict of interest. 
 3.4 Termination of Information and Observer Rights. The covenants set forth in Section 3.1, Section 3.2, and Section 3.3 shall terminate and be of no further force or effect
(i) immediately before the consummation of the IPO, (ii) when the Company first becomes subject to the periodic reporting requirements of Section 12(g) or 15(d) of the Exchange Act, or (iii) upon the closing of a Deemed Liquidation Event or Sale
Transaction (as defined in the Restated LLC Agreement). 
 4. Rights to Future Securities Issuances. 

4.1 Right of First Offer. Subject to the terms and conditions of this Section 4.1 and applicable securities laws, if the
Company proposes to offer or sell any New Securities, the Company shall first offer such New Securities to each Investor. An Investor shall be entitled to apportion the right of first offer hereby granted to it among itself and its Affiliates in
such proportions as it deems appropriate. For the purposes of this Section 4 only, in the event that the Company proposes to offer or sell New Securities for a price per unit less than the Series A Preferred Price (as defined in the
Restated LLC Agreement), each Founder shall be offered the same rights of first offer as afforded to each Investor in this Section 4. 
 (a) The Company shall give notice (the “Offer Notice”) to each Investor and, if applicable, each Founder stating (i) its bona fide intention to offer such New Securities,
(ii) the number of such New Securities to be offered, and (iii) the price and terms, if any, upon which it proposes to offer such New Securities. 
 (b) By notification to the Company within twenty (20) days after the Offer Notice is given, (i) each Investor may elect to purchase or otherwise acquire, at the price and on the terms specified
in the Offer Notice, up to that portion of such New Securities which equals the proportion that the Common Units issued and held, or issuable (directly or indirectly) upon conversion and/or exercise, as applicable, of the Series A Preferred Units
and any other Derivative Securities then held by such Holder bears to the total Common Units of the Company then outstanding (assuming full conversion and/or exercise, as applicable, of all Series A Preferred Units and other Derivative Securities)
and (ii) if applicable, each Founder may elect may elect to purchase or otherwise acquire, at the price and on the terms specified in the Offer Notice, up to that portion of such New Securities which equals the proportion that the Common Units
issued and held by Gigamon Systems and allocable to such Founder (with allocation based on the such Founder’s equity interest in Gigamon Systems relative to the equity interests in Gigamon Systems held by other Founders) or issuable (directly
or indirectly) upon conversion and/or exercise, as applicable, of the Series A Preferred Units and any other Derivative Securities then held by such Founder bears to the total Common Units of the Company then outstanding (assuming full conversion
and/or exercise, as applicable, of all Series A Preferred Units and other Derivative Securities). At the expiration of such twenty (20) day period, the Company shall promptly notify each Investor that elects to purchase or acquire all the
securities available to it and, if applicable, each Founder who has elected to purchase or acquire all the securities available to him (each, a “Fully Exercising Holder”) of any other Investor’s or, if applicable,
Founder’s failure to do likewise. During the ten (10) day period commencing after the Company 

  
 16 









 
has given such notice, each Fully Exercising Holder may, by giving notice to the Company, elect to purchase or acquire, in addition to the number of securities specified above, up to that portion
of the New Securities for which Investors and, if applicable, Founders were entitled to subscribe but that were not subscribed for which is equal to the proportion that the Common Units issued and held (or held indirectly through Gigamon Systems, as
described in clause (ii) of the first sentence of this paragraph), or issuable (directly or indirectly) upon conversion and/or exercise, as applicable, of Series A Preferred Units and any other Derivative Securities then held, by such Fully
Exercising Holder bears to the Common Units issued and held, or issuable (directly or indirectly) upon conversion and/or exercise, as applicable, of the Series A Preferred Units and any other Derivative Securities then held, by all Fully Exercising
Holders who wish to purchase such unsubscribed securities. The closing of any sale pursuant to this Section 4.1(b) shall occur within the later of one hundred and twenty (120) days of the date that the Offer Notice is given and the
date of initial sale of New Securities pursuant to Section 4.1(c). 
 (c) If all New Securities referred to in the
Offer Notice are not elected to be purchased or acquired as provided in Section 4.1(b), the Company may, during the ninety (90) day period following the expiration of the periods provided in Section 4.1(b), offer and
sell the remaining unsubscribed portion of such New Securities to any Person or Persons at a price not less than, and upon terms no more favorable to the offeree than, those specified in the Offer Notice. If the Company does not enter into an
agreement for the sale of the New Securities within such period, or if such agreement is not consummated within thirty (30) days of the execution thereof, the right provided hereunder shall be deemed to be revived and such New Securities shall
not be offered unless first reoffered to the Investors and, if applicable, the Founders in accordance with this Section 4.1. 
 (d) The right of first offer in this Section 4.1 shall not be applicable to (i) Exempted Securities (as defined in the Restated LLC Agreement); (ii) Common Units issued in the IPO; and
(iii) those securities described in Section 2.1(c)(ii) of the Restated LLC Agreement. 
 4.2 Termination. The
covenants set forth in Section 4.1 shall terminate and be of no further force or effect (i) immediately before the consummation of the IPO, (ii) when the Company first becomes subject to the periodic reporting requirements of
Section 12(g) or 15(d) of the Exchange Act, or (iii) upon the closing of a Deemed Liquidation Event or Sale Transaction (as defined in the Restated LLC Agreement. 
 5. Additional Covenants. 
 5.1 Insurance. The Company shall use its
commercially reasonable efforts to obtain, within thirty (30) days of the date hereof, from financially sound and reputable insurers Directors and Officers liability insurance and term “key-person” insurance on the Founders, each in
an amount and on terms and conditions satisfactory to the Board (including at least one Series A Manager (as defined in the Restated LLC Agreement)), and will use commercially reasonable efforts to cause such insurance policies to be maintained
until such time as the Board (including at least one Series A Manager) determines that such insurance should be discontinued. The key-person policy shall name the Company as loss payee, and neither policy shall be cancelable by the Company without
prior approval by the Board. The Company shall also obtain and 

  
 17 









 
maintain and cause each of its Subsidiaries, if any, to maintain as to their respective properties and business, with financially sound and reputable insurers, insurance against such casualties
and contingencies and of such types and in such amounts as is customary for companies similarly situated. 
 5.2 Employee
Agreements. The Company will cause each person now or hereafter employed by it or by any subsidiary (or engaged by the Company or any subsidiary as a consultant/independent contractor) with access to confidential information and/or trade secrets
to enter into a nondisclosure and proprietary rights assignment agreement. 
 5.3 Employee Securities. Unless otherwise
approved by the Board, all future employees and consultants of the Company who purchase, receive options to purchase, or receive awards of Company’s capital securities after the date hereof shall be required to execute restricted securities or
option agreements, as applicable, providing for (i) vesting of securities over a four (4) year period, with the first twenty-five percent (25%) of such securities vesting following twelve (12) months of continued employment or
service, and the remaining securities vesting in equal monthly installments over the following thirty-six (36) months, and (ii) a market stand-off provision substantially similar to that in Section 2.11. In addition, unless
otherwise approved by the Board, the Company shall retain a “right of first refusal” on employee transfers until the Company’s IPO and shall have the right to repurchase unvested securities at cost upon termination of employment of a
holder of restricted securities. 
 5.4 Board Matters. Unless otherwise determined by the vote of a majority of the
managers then in office, the Board shall meet at least quarterly in accordance with an agreed-upon schedule. The Company shall reimburse the managers for all reasonable out-of-pocket travel expenses incurred (consistent with the Company’s
travel policy) in connection with attending meetings of the Board. 
 5.5 Records and Books. The Company shall keep, and
cause each Subsidiary, if any, to keep, adequate records and books of account, in which complete entries will be made in accordance with generally accepted accounting principles consistently applied, reflecting all financial transactions of the
Company and such Subsidiary, and in which, for each fiscal year, all proper reserves for depreciation, depletion, obsolescence, amortization, taxes, bad debts and other purposes in connection with its business shall be made. 

5.6 Accounting Firm. The Company shall retain a nationally recognized independent accounting firm, selected from time to time by
the Board of the Company, to audit the Company’s consolidated financial statements for all fiscal years ending after the Closing. 
 5.7 Successor Indemnification. If the Company or any of its successors or assignees consolidates with or merges into any other Person and is not the continuing or surviving corporation or entity of
such consolidation or merger, then to the extent necessary, proper provision shall be made so that the successors and assignees of the Company assume the obligations of the Company with respect to indemnification of members of the Board of Managers
or Board of Directors, as applicable, as in effect immediately before such transaction, whether such obligations are contained in the Restated LLC Agreement, or elsewhere, as the case may be. 

  
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 5.8 Termination of Covenants. The covenants set forth in this Section 5,
except for Section 5.7, shall terminate and be of no farther force or effect (i) immediately before the consummation of the IPO, (ii) when the Company first becomes subject to the periodic reporting requirements of
Section 12(g) or 15(d) of the Exchange Act, or (iii) upon the closing of a Deemed Liquidation Event or Sale Transaction (as defined in the Restated LLC Agreement. 
 6. Miscellaneous. 
 6.1 Successors and Assigns. The rights under
this Agreement may be assigned (but only with all related obligations) by a Holder to a transferee of Registrable Securities that (i) is an Affiliate of a Holder; (ii) is a Holder’s Immediate Family Member or trust for the benefit of an
individual Holder or one or more of such Holder’s Immediate Family Members; or (iii) after such transfer, holds at least five percent (5%) of the Registrable Securities then outstanding; provided, however, that (x) the Company is, within
a reasonable time after such transfer, furnished with written notice of the name and address of such transferee and the Registrable Securities with respect to which such rights are being transferred; and (y) such transferee agrees in a written
instrument delivered to the Company to be bound by and subject to the terms and conditions of this Agreement, including the provisions of Section 2.11. For the purposes of determining the number of Registrable Securities held by a transferee,
the holdings of a transferee (1) that is an Affiliate or equity holder of a Holder; (2) who is a Holder’s Immediate Family Member; or (3) that is a trust for the benefit of an individual Holder or such Holder’s Immediate Family Member
shall be aggregated together and with those of the transferring Holder; provided further that all transferees who would not qualify individually for assignment of rights shall have a single attorney-in-fact for the purpose of exercising any
rights, receiving notices, or taking any action under this Agreement. The terms and conditions of this Agreement inure to the benefit of and are binding upon the respective successors and permitted assignees of the parties. Nothing in this
Agreement, express or implied, is intended to confer upon any party other than the parties hereto or their respective successors and permitted assignees any rights, remedies, obligations or liabilities under or by reason of this Agreement, except as
expressly provided herein. 
 6.2 Governing Law. This Agreement shall be governed by, and construed in accordance with,
the laws of the State of Delaware, regardless of the laws that might otherwise govern under applicable principles of conflicts of law. 
 6.3 Counterparts; Facsimile. This Agreement may be executed in two or more counterparts, each of which shall be deemed an original, but all of which together shall constitute one and the same
instrument. This Agreement may also be executed and delivered by facsimile signature and in two or more counterparts, each of which shall be deemed an original, but all of which together shall constitute one and the same instrument. 

6.4 Titles and Subtitles. The titles and subtitles used in this Agreement are for convenience only and are not to be considered in
construing or interpreting this Agreement. 
 6.5 Notices. All notices and other communications given or made pursuant to
this Agreement shall be in writing and shall be deemed effectively given upon the earlier of actual receipt or: (i) personal delivery to the party to be notified; (ii) when sent, if sent by


  
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electronic mail or facsimile during the recipient’s normal business hours, and if not sent during normal business hours, then on the recipient’s next business day; (iii) five
(5) days after having been sent by registered or certified mail, return receipt requested, postage prepaid; or (iv) one (1) business day after the business day of deposit with a nationally recognized overnight courier, freight
prepaid, specifying next-day delivery, with written verification of receipt. All communications shall be sent to the respective parties at their addresses as set forth on Schedule A or Schedule B (as applicable) hereto, or to the
principal office of the Company and to the attention of the Chief Executive Officer, in the case of the Company, or to such email address, facsimile number, or address as subsequently modified by written notice given in accordance with this
Section 6.5. If notice is given to the Company, a copy shall also be sent to Fenwick & West LLP, 801 California Ave, Mountain View, CA 94041, Attn: Mark Stevens and Greg Roussel, and if notice is given to Investors, a copy shall
also be given to Goodwin Procter LLP, 135 Commonwealth Drive, Menlo Park, CA 94025 Attn: Kevin Dennis and William Davisson. 

6.6 Amendments and Waivers. Any term of this Agreement may be amended and the observance of any term of this Agreement may be
waived (either generally or in a particular instance, and either retroactively or prospectively) only with the written consent of the Company, Gigamon Systems, the Founders holding a majority of the outstanding membership interests of Gigamon
Systems and the Investors holding a majority of the outstanding Registrable Securities. No waivers of or exceptions to any term, condition, or provision of this Agreement, in any one or more instances, shall be deemed to be or construed as a further
or continuing waiver of any such term, condition, or provision. 
 6.7 Severability. In case any one or more of the
provisions contained in this Agreement is for any reason held to be invalid, illegal or unenforceable in any respect, such invalidity, illegality, or unenforceability shall not affect any other provision of this Agreement, and such invalid, illegal,
or unenforceable provision shall be reformed and construed so that it will be valid, legal, and enforceable to the maximum extent permitted by law. 
 6.8 Aggregation of Securities. All Registrable Securities held or acquired by Affiliates shall be aggregated together for the purpose of determining the availability of any rights under this
Agreement and such Affiliated persons may apportion such rights as among themselves in any manner they deem appropriate. 
 6.9
Entire Agreement. This Agreement (including any Schedules and Exhibits hereto) constitutes the full and entire understanding and agreement among the parties with respect to the subject matter hereof, and any other written or oral agreement
relating to the subject matter hereof existing between the parties is expressly canceled. 
 6.10 Dispute Resolution. The
parties (a) hereby irrevocably and unconditionally submit to the jurisdiction of the Court of Chancery of the State of Delaware for the purpose of any suit, action or other proceeding arising out of or based upon this Agreement, (b) agree not
to commence any suit, action or other proceeding arising out of or based upon this Agreement except in the Court of Chancery of the State of Delaware and (c) hereby waive, and agree not to assert, by way of motion, as a defense, or otherwise,
in any such suit, action or proceeding, any claim that it is not subject personally to the jurisdiction of the above-named courts, that its property is exempt or immune from attachment or execution, that the suit, action


  
 20 









 
or proceeding is brought in an inconvenient forum, that the venue of the suit, action or proceeding is improper or that this Agreement or the subject matter hereof may not be enforced in or by
such court. 
 6.12 Delays or Omissions. No delay or omission to exercise any right, power, or remedy accruing to any
party under this Agreement, upon any breach or default of any other party under this Agreement, shall impair any such right, power, or remedy of such nonbreaching or nondefaulting party, nor shall it be construed to be a waiver of or acquiescence to
any such breach or default, or to any similar breach or default thereafter occurring, nor shall any waiver of any single breach or default be deemed a waiver of any other breach or default theretofore or thereafter occurring. All remedies, whether
under this Agreement or by law or otherwise afforded to any party, shall be cumulative and not alternative. 
 6.13
Acknowledgment. The Company acknowledges that the Investors are in the business of venture capital investing and therefore review the business plans and related proprietary information of many enterprises, including enterprises which may have
products or services which compete directly or indirectly with those of the Company. Nothing in this Agreement shall preclude or in any way restrict the Investors from investing or participating in any particular enterprise whether or not such
enterprise has products or services which compete with those of the Company. 
 [Remainder of Page Intentionally Left Blank]


  
 21 









 IN WITNESS WHEREOF, the parties have executed this Investor Rights Agreement as of the date
first written above. 
  

			
	GIGAMON LLC
		
	By:	 	 /s/ Ted Ho

	Name:	 	 Ted Ho

	Title:	 	 Chief Executive Officer

	
	GIGAMON SYSTEMS LLC
		
	By:	 	 /s/ Ted Ho

	Name:	 	 Ted Ho

	Title:	 	 Chief Executive Officer

	
	FOUNDERS:
	
	  

	Thomas Cheung
	
	  

	Tom Gallatin
	
	 /s/ Ted Ho

	Ted Ho
	
	  

	Patrick Leong
	
	  

	King Won









 IN WITNESS WHEREOF, the parties have executed this Investor Rights Agreement as of the date
first written above. 
  

			
	GIGAMON LLC
		
	By:	 	  

	Name:	 	 Ted Ho

	Title:	 	 Chief Executive Officer

	
	GIGAMON SYSTEMS LLC
		
	By:	 	  

	Name:	 	 Ted Ho

	Title:	 	 Chief Executive Officer

	
	FOUNDERS:
	
	 /s/ Thomas Cheung

	Thomas Cheung
	
	  

	Tom Gallatin
	
	  

	Ted Ho
	
	  

	Patrick Leong
	
	  

	King Won









 IN WITNESS WHEREOF, the parties have executed this Investor Rights Agreement as of the date
first written above. 
  

			
	GIGAMON LLC
		
	By:	 	  

	Name:	 	 Ted Ho

	Title:	 	 Chief Executive Officer

	
	GIGAMON SYSTEMS LLC
		
	By:	 	  

	Name:	 	 Ted Ho

	Title:	 	 Chief Executive Officer

	
	FOUNDERS:
	
	  

	Thomas Cheung
	
	 /s/ Tom Gallatin

	Tom Gallatin
	
	  

	Ted Ho
	
	  

	Patrick Leong
	
	  

	King Won









 IN WITNESS WHEREOF, the parties have executed this Investor Rights Agreement as of the date
first written above. 
  

			
	GIGAMON LLC
		
	By:	 	  

	Name:	 	 Ted Ho

	Title:	 	 Chief Executive Officer

	
	GIGAMON SYSTEMS LLC
		
	By:	 	  

	Name:	 	 Ted Ho

	Title:	 	 Chief Executive Officer

	
	FOUNDERS:
	
	  

	Thomas Cheung
	
	  

	Tom Gallatin
	
	  

	Ted Ho
	
	 /s/ Patrick Leong

	Patrick Leong
	
	  

	King Won









 IN WITNESS WHEREOF, the parties have executed this Investor Rights Agreement as of the date
first written above. 
  

			
	GIGAMON LLC
		
	By:	 	  

	Name:	 	 Ted Ho

	Title:	 	 Chief Executive Officer

	
	GIGAMON SYSTEMS LLC
		
	By:	 	  

	Name:	 	 Ted Ho

	Title:	 	 Chief Executive Officer

	
	FOUNDERS:
	
	  

	Thomas Cheung
	
	  

	Tom Gallatin
	
	  

	Ted Ho
	
	  

	Patrick Leong
	
	 /s/ King Won

	King Won









 
			
	INVESTORS:
	
	HIGHLAND CAPITAL PARTNERS VII LIMITED PARTNERSHIP
		
	By:	 	Highland Management Partners VII Limited Partnership,
	its General Partner
		
	By:	 	Highland Management Partners VII, LLC,
	its General Partner
		
	By:	 	 /s/ Kathy Berry

		 	Authorized Manager
	
	HIGHLAND SUBFUND VII-B GGM LIMITED PARTNERSHIP
		
	By:	 	Highland Management Partners VII Limited Partnership,
	its General Partner
		
	By:	 	Highland Management Partners VII, LLC,
	its General Partner
		
	By:	 	 /s/ Kathy Berry

		 	Authorized Manager
	
	HIGHLAND SUBFUND VII-C GGM LIMITED PARTNERSHIP
		
	By:	 	Highland Management Partners VII Limited Partnership,
	its General Partner
		
	By:	 	Highland Management Partners VII, LLC,
	its General Partner
		
	By:	 	 /s/ Kathy Berry

		 	Authorized Manager
	
	HIGHLAND ENTREPRENEURS’ FUND VII LIMITED PARTNERSHIP
		
	By:	 	Highland Management Partners VII Limited Partnership,
	its General Partner
		
	By:	 	Highland Management Partners VII, LLC,
	its General Partner
		
	By:	 	 /s/ Kathy Berry

		 	Authorized Manager


 [Signature Page to the Gigamon LLC Investor Rights Agreement] 







 SCHEDULE A 
 Investors 
 Highland Capital Partners VII Limited Partnership 

c/o Highland Capital Partners 
 92 Hayden Avenue

 Lexington, MA 02421 
 Phone:
(781) 861-5500 
 Fax: (781) 861-5499 
 Highland Subfund VII-B GGM Limited Partnership 
 c/o Highland Capital Partners 

92 Hayden Avenue 
 Lexington, MA 02421

 Phone: (781) 861-5500 
 Fax:
(781) 861-5499 
 Highland Subfund VII-C GGM Limited Partnership 
 c/o Highland Capital Partners 
 92 Hayden Avenue 

Lexington, MA 02421 
 Phone: (781) 861-5500

 Fax: (781) 861-5499 
 Highland
Entrepreneurs’ Fund VII Limited Partnership 
 c/o Highland Capital Partners 
 92 Hayden Avenue 
 Lexington, MA 02421 
 Phone: (781) 861-5500 
 Fax: (781) 861-5499 







 SCHEDULE B 

FOUNDERS 

Name and Address 

Thomas Cheung 
 Tom Gallatin 

Ted Ho 
 Patrick Leong 

King Won