EX-4.2



 Exhibit 4.2 

IKANOS COMMUNICATIONS, INC. 

AMENDED AND RESTATED 

STOCKHOLDER AGREEMENT 

Dated as of September 29, 2014 







 TABLE OF CONTENTS 

 

									
	 	  	Page	 
		
	ARTICLE I DEFINITIONS	  	 	2	  
				
		 	1.1	    	Definitions	  	 	2	  
		 	1.2	    	General Interpretive Principles	  	 	5	  
		
	ARTICLE II GOVERNANCE	  	 	5	  
				
		 	2.1	    	Voting	  	 	5	  
		
	ARTICLE III TRANSFER RESTRICTIONS	  	 	6	  
				
		 	3.1	    	General Transfer Restrictions	  	 	6	  
		 	3.2	    	Specific Transfer Restrictions	  	 	7	  
		 	3.3	    	Permitted Transfers	  	 	8	  
		
	ARTICLE IV SHARE OWNERSHIP	  	 	9	  
				
		 	4.1	    	Preemptive Rights	  	 	9	  
		
	ARTICLE V REGISTRATION RIGHTS	  	 	11	  
				
		 	5.1	    	Certain Definitions	  	 	11	  
		 	5.2	    	Shelf Registration	  	 	13	  
		 	5.3	    	Piggyback Registration	  	 	16	  
		 	5.4	    	Expenses of Registration	  	 	18	  
		 	5.5	    	Obligations of the Company	  	 	18	  
		 	5.6	    	Other Registration Rights	  	 	21	  
		 	5.7	    	Indemnification	  	 	22	  
		 	5.8	    	Information by Holder	  	 	24	  
		 	5.9	    	Transfer of Registration Rights	  	 	24	  
		 	5.10	    	Rule 144 Reporting	  	 	24	  
		 	5.11	    	Termination of Registration Rights	  	 	24	  
		
	ARTICLE VI ADDITIONAL AGREEMENTS OF THE PARTIES	  	 	25	  
				
		 	6.1	    	Further Assurances	  	 	25	  
		
	ARTICLE VII MISCELLANEOUS	  	 	25	  
				
		 	7.1	    	Entire Agreement	  	 	25	  
		 	7.2	    	Specific Performance	  	 	25	  
		 	7.3	    	Governing Law	  	 	25	  
		 	7.4	    	Amendment and Waiver	  	 	25	  
		 	7.5	    	Binding Effect	  	 	26	  
		 	7.6	    	Termination	  	 	26	  
		 	7.7	    	Notices	  	 	26	  
		 	7.8	    	Severability	  	 	26	  
		 	7.9	    	Counterparts	  	 	26	  
		 	7.10	    	Venue, Waiver of Jury Trial	  	 	26	  


  
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 AMENDED AND RESTATED 

STOCKHOLDER AGREEMENT 

This AMENDED AND RESTATED STOCKHOLDER AGREEMENT is made as of September 29, 2014, by and between Ikanos Communications, Inc., a
Delaware corporation (“Ikanos” or the “Company”), and Tallwood III, L.P., a Delaware limited partnership (“Tallwood III”), Tallwood III Partners, L.P., a Delaware limited partnership
(“Tallwood III Partners”), Tallwood III Associates, L.P., a Delaware limited partnership (“Tallwood III Associates”), and Tallwood III Annex, L.P., a Delaware limited partnership (“Tallwood III
Annex”) (Tallwood III, Tallwood III Partners, Tallwood III Associates and Tallwood III Annex are together hereinafter referred to as the “TWVC Funds” and each individually, a “TWVC Fund”).  

WHEREAS, the TWVC Funds and Ikanos previously entered into a Securities Purchase Agreement, dated as of April 21, 2009 (the
“2009 Securities Purchase Agreement”), pursuant to which, among other things, the TWVC Funds purchased 24,000,000 shares (the “2009 Shares”) of the common stock, par value $0.001 per share, of Ikanos (the
“Common Stock”), warrants (the “Warrants”) to acquire up to 7,800,000 shares of Common Stock, which expired unexercised in August 2014, and one (1) share of Series A Preferred Stock, par value $0.001 per share,
of Ikanos (the “Series A Preferred”); 
 WHEREAS, in connection with the 2009 Securities Purchase Agreement,
the TWVC Funds and Ikanos entered into a Stockholder Agreement, dated as of April 21, 2009 (the “Stockholder Agreement”);  

WHEREAS, the TWVC Funds purchased 5,616,475 (the “2010 Shares”) shares of Common Stock in connection with the
Company’s public offering by means of a prospectus dated as of November 11, 2010 (the “2010 Public Offering”); 

WHEREAS, the TWVC Funds purchased 2,000,000 shares of Common Stock (the “2013 Shares”) in connection with the
Company’s public offering by means of a prospectus dated as of November 7, 2013 (the “2013 Public Offering”); 

WHEREAS, certain of the TWVC Funds and Ikanos are parties to that certain Securities Purchase Agreement of even date herewith (the
“2014 Securities Purchase Agreement”), pursuant to which the TWVC Funds that are party to the 2014 Securities Purchase Agreement agreed to purchase 27,439,023 shares of Common Stock (the “2014 Shares”) and that
certain Standby Purchase Agreement of even date herewith (the “Standby Agreement”), pursuant to which the TWVC Funds that are party to the 2014 Securities Purchase Agreement agreed to purchase 27,439,023 shares of Common Stock in a
private placement following a proposed rights offering to be conducted by the Company, if so required by the terms of the Standby Agreement (the “Backstop Shares”); 

WHEREAS, the TWVC Funds, to the extent they are stockholders of record of the Company on the record date for such rights offering, may
acquire additional shares of the Company’s Common Stock in the rights offering (any such shares so acquired, the “RO Shares” and, together with the 2009 Shares, the 2010 Shares, the 2013 Shares, the 2014 Shares, the Backstop
Shares and the RO Shares, the “Shares”);  







 WHEREAS, in connection with the 2014 Securities Purchase Agreement and the transactions
contemplated thereby, the TWVC Funds and the Company have agreed to amend and restate the Stockholder Agreement in its entirety. 
 NOW,
THEREFORE, in consideration of the mutual covenants and agreements contained herein, the parties mutually agree as follows: 
 ARTICLE I

 DEFINITIONS 
 1.1
Definitions. As used in this Agreement, the following terms shall have the meanings set forth below: 
 “Affiliate”
means, with respect to any Person, any other Person that controls, is controlled by, or is under common control with such Person. The term “control”, as used with respect to any Person, means the power to direct or cause the
direction of the management and policies of such Person, directly or indirectly, whether through the ownership of voting securities, by contract or otherwise. “Controlled” and “controlling” have meanings correlative
to the foregoing. 
 “Agreement” means this Amended and Restated Stockholder Agreement, as the same may be amended,
supplemented, restated or modified.  
 “Alcatel-Lucent” means Alcatel-Lucent Participations, S.A. 

 “Beneficial Ownership” and “Beneficially Own” and similar terms have the meaning set forth
in Rule 13d-3 under the Exchange Act.  
 “Board” means the Board of Directors of the Company.  

“Business Day” means any day, other than a Saturday, Sunday or one on which banks are authorized or required by law to
be closed in San Francisco, California.  
 “Certificate of Designation” means the Company’s Series A
Preferred Stock Certificate of Designation as filed with the Secretary of State of the State of Delaware.  
 “Change of
Control” means any of: (a) the purchase or other acquisition by any Person or Group, directly or indirectly, in one transaction or a series of related transactions, of Voting Securities that, immediately following consummation of such
transaction(s), when combined with any other Voting Securities Beneficially Owned by such Person or Group, represent more than fifty percent (50%) of the Voting Securities of the Company then outstanding; (b) the consummation of any tender
offer or exchange offer by any Person or Group that results in such Person or Group Beneficially Owning, when combined with any other Voting Securities Beneficially Owned by such Person or Group, more than fifty percent (50%) of the Voting
Securities of the Company outstanding immediately following the consummation of such tender 

  
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or exchange offer; or (c) the consummation of a merger, consolidation, amalgamation, joint venture, business combination or other similar transaction involving the Company pursuant to which
the stockholders of the Company immediately preceding such transaction hold less than fifty percent (50%) of the voting equity interests in the surviving or resulting entity of such transaction. 

“Closing” has the meaning set forth in the 2014 Securities Purchase Agreement.  

“Closing Date” has the meaning set forth in the 2014 Securities Purchase Agreement. 

“Company Nominees” means the means the individuals the Non-TWVC Directors nominate for election to the Board for all
available seats other than the seats held by the TWVC Directors.  
 “Convertible Securities” means all
outstanding securities exercisable or exchangeable for, or convertible into, Voting Securities or non-voting equity securities, including stock options and warrants.  

“Election Notice” shall have the meaning assigned to in Section 4.1(b).  

“Eligible Voting Securities” means all outstanding Voting Securities that are entitled to be voted on any matter under
consideration at any stockholders meeting or pursuant to any action by written consent of stockholders.  
 “Excess
Eligible Voting Securities” means, at the time of determination, the number of Eligible Voting Securities held of record or Beneficially Owned by the TWVC Funds that exceeds 37.5% of all outstanding Eligible Voting Securities. 

“Exchange Act” means the Securities Exchange Act of 1934, as amended, and the rules and regulations promulgated
thereunder, as the same may be amended from time to time.  
 “Fair Market Value” means (i) with respect
to cash consideration, the total amount of such cash consideration in United States dollars, (ii) with respect to non-cash consideration consisting of publicly-traded securities, the average daily closing sales price of such securities for the
ten (10) consecutive trading days ending on the trading day immediately preceding the date the Fair Market Value of such securities is required to be determined hereunder on the principal national securities exchange on which such securities
are listed and admitted to trading, or, if not listed and admitted to trading on any such exchange, the average of the closing bid and asked prices in the over-the-counter market and (iii) with respect to non-cash consideration not consisting
of publicly-traded securities, such amount as is determined to be the fair market value of the non-cash consideration as of such date in the good faith determination of the Board.  

“Group” shall have the meaning assigned to it in Section 13(d)(3) of the Exchange Act.  

“Independent Non-TWVC Directors” means the Non-TWVC Directors other than the chief executive officer of Ikanos. 


  
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 “Non-TWVC Directors” means the members of the Board other than the TWVC
Directors.  
 “Ownership Amount” means, as of the date of the relevant Election Notice, all the Common Stock
held by the TWVC Funds and their respective Affiliates.  
 “Ownership Percentage” means, as of the date of
the relevant Election Notice, a fraction, the numerator of which is the Ownership Amount and the denominator of which is the total number of outstanding shares of Common Stock as of the date of the relevant Participation Notice.  

“Participation Notice” shall have the meaning assigned to in Section 4.1(b).  

“Participation Shares” means the number of Voting Securities, non-voting equity securities or Convertible Securities
proposed to be sold by the Company in a Post-Closing Issuance.  
 “Person” means an individual, partnership,
corporation, business trust, joint stock company, trust, unincorporated association, joint venture, limited liability company or any other entity of whatever nature, and shall include any successor (by merger or otherwise) of such entity. 

 “Post-Closing Issuance” shall have the meaning assigned to it in Section 4.1(a).  

“Restricted Shares” means the 2009 Shares, 2014 Shares and the Backstop Shares. 

“Rights Offering” means the distribution by the Company to holders of Common Stock, at no charge, of non-transferable
subscription rights to purchase shares of Common Stock. 
 “Rule 144” means Rule 144 under the Securities
Act.  
 “SEC” means the United States Securities and Exchange Commission.  

“Securities Act” means the Securities Act of 1933, as amended, and the rules and regulations promulgated thereunder,
as the same may be amended from time to time.  
 “Share Equivalents” means all outstanding shares of the
Common Stock, together with all shares of Common Stock issuable upon exercise, conversion or exchange of all outstanding Convertible Securities (whether or not then exercisable, convertible or exchangeable).  

“Shares” shall have the meaning assigned to it in the preamble.  

“Transfer” means voluntarily, directly or indirectly, to sell, transfer, assign, pledge, encumber, hypothecate or
similarly dispose of (by merger, testamentary disposition, operation of law or otherwise) or to enter into any contract, option or other arrangement or understanding with respect to the sale, transfer, assignment, pledge, encumbrance, hypothecation
or similar disposition of (by merger, testamentary disposition, operation of law or otherwise), any Voting Securities, any Convertible Securities, or any interest in any Voting Securities or Convertible Securities.  

  
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 “TWVC Directors” means the directors the TWVC Funds have the right to
elect to the Board as a holder of a share of the Company’s Series A Preferred pursuant to the Certificate of Designation.  

“Voting Securities” means shares of Common Stock and any other securities of the Company that are permitted by their
terms to vote generally in the election of directors.  
 1.2 General Interpretive Principles. 

(a) The name assigned to this Agreement and the section captions used herein are for convenience of reference only and shall
not be construed to affect the meaning, construction or effect hereof. 
 (b) Unless otherwise specified, the terms
“hereof,” “herein” and similar terms refer to this Agreement as a whole, and references herein to Articles or Sections refer to Articles or Sections of this Agreement. 

(c) For purposes of this Agreement, the words, “include,” “includes” and “including,” when used
herein, shall be deemed in each case to be followed by the words “without limitation.” 
 (d) Unless otherwise
specified, any action that is required to be taken by the Non-TWVC Directors or any consent that may be given by the Non-TWVC Directors herein shall require the approval or consent of at least a majority of the Independent Non-TWVC Directors. 
 (e) The parties hereto have participated jointly in the negotiation
and drafting of this Agreement. If an ambiguity or question of intent or interpretation arises, this Agreement will be construed as if drafted jointly by the parties and no presumption or burden of proof will arise favoring or disfavoring any party
because of the authorship of any provision of this Agreement. 
 ARTICLE II 

GOVERNANCE 
 2.1 Voting.

 (a) So long as a TWVC Fund or any Affiliate of the TWVC Funds own a share of Series A Preferred, the TWVC Funds shall, and
shall cause their respective Affiliates to, vote all of the Voting Securities held of record or Beneficially Owned by the TWVC Funds or any of their respective Affiliates in the same proportion (for, against, abstain or withheld, or as otherwise
indicated) as the votes cast by all other holders of Eligible Voting Securities other than the TWVC Funds and their respective Affiliates for any proposal related to the election or removal of the Company Nominees. 

  
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 (b) Until the five (5) year anniversary of the Closing Date, the TWVC Funds
shall take such actions and shall cause their respective Affiliates to take such actions as may be required so that all Excess Eligible Voting Securities that are held of record or Beneficially Owned by the TWVC Funds or any of their respective
Affiliates from time to time are voted on all matters to be voted on by holders of Eligible Voting Securities in the same proportion (for, against, abstain or withheld, or as otherwise indicated) as the votes cast by all other holders of Eligible
Voting Securities other than the TWVC Funds and their respective Affiliates; provided, however, that the provisions of this Section 2.1(b) shall not apply to any vote of the of the Company’s stockholders to amend the Company’s
certificate of incorporation to increase the number of authorized shares of the Company’s common stock to 425,000,000 in contemplation of the Rights Offering (the “Charter Amendment”). The TWVC Funds hereby agree to
(a) appear at any meeting of stockholders of the Company, however called, including any adjournment or postponement thereof, where approval of the Charter Amendment by the Company’s stockholders is being sought, or otherwise cause the
Shares beneficially owned by the TWVC Funds as of the applicable record date to be counted as present thereat for purposes of calculating a quorum; and (b) vote (or cause to be voted), in person or by proxy, all of such Shares for the Charter
Amendment. 
 (c) So long as a TWVC Fund or any Affiliate of the TWVC Funds own a share of Series A Preferred, the TWVC Funds
shall grant and shall cause their respective Affiliates to grant an irrevocable proxy to the Independent Non-TWVC Directors to vote on all matters requiring a separate class vote of the Series A Preferred stockholders under applicable law, other
than with respect to (i) the election, removal or appointment of the Series A Directors (as defined in the Certificate of Designation), (ii) the amendment, alteration or repeal of any of the provisions of Ikanos’ Certificate of
Incorporation or Bylaws or any document amendatory or supplemental thereto (including the Certificate of Designation in any respect whatsoever except as expressly provided below), whether by merger, consolidation or otherwise, that would adversely
affect or cause to be terminated (whether by the exchange or conversion of the Series A Preferred for either cash or a share or shares, or other securities or interests, in another corporation, or other Person, having the same or different rights
than the Series A Preferred) the powers, designations, preferences or other rights of the Series A Preferred, other than a merger with a Person that is not an Affiliate of Ikanos or the TWVC Funds that results in a Change of Control, or
(iii) any amendment to the Bylaws that would increase the number of directors on the Board, which increase shall also require the approval of the Non-Series A Directors. 

ARTICLE III 
 TRANSFER
RESTRICTIONS 
 3.1 General Transfer Restrictions. The right of the TWVC Funds to Transfer any Voting Securities or Convertible
Securities Beneficially Owned by them is subject to the restrictions set forth in this Article III, and no Transfer by the TWVC Funds of Voting Securities or Convertible Securities Beneficially Owned by the TWVC Funds may be effected except
in compliance with this Article III. Any attempted Transfer in violation of this Agreement shall be of no effect and null and void, regardless of whether the purported transferee has any actual or constructive knowledge of the Transfer
restrictions set forth in this Agreement, and shall not be recorded on the stock transfer books of the Company. 

  
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 3.2 Specific Transfer Restrictions. 

(a) Without the prior approval of the Non-TWVC Directors, the TWVC Funds shall not, and shall not permit any of their
respective Affiliates to, in a block trade or similar arrangement: 
 (i) Transfer Voting Securities or Convertible
Securities to any Person or Group that, after consummation of such Transfer, would, to the TWVC Fund’s knowledge, have Beneficial Ownership of Voting Securities representing in the aggregate more than 15% of the outstanding Voting Securities of
the Company; 
 (ii) Transfer Voting Securities or Convertible Securities representing in the aggregate 15% or more of the
outstanding Voting Securities of the Company to a single purchaser or Group; or 
 (iii) Knowingly transfer Voting Securities
or Convertible Securities to any Person or Group that is a competitor of the Company or an Affiliate of such competitor. 

(b) Notwithstanding anything to the contrary in this Agreement, the TWVC Funds shall not, and shall not permit any of their
respective Affiliates to, Transfer the Series A Preferred to any Person or Group other than one of the TWVC Funds or their respective Affiliates who agree to be bound by all of the terms and conditions of this Agreement applicable to the TWVC Funds.

 (c) Without the prior approval of the Non-TWVC Directors, the TWVC Funds shall not, and shall not permit any of their
respective Affiliates to Transfer Voting Securities or Convertible Securities representing in the aggregate 35% or more of the outstanding Voting Securities of the Company to any Person or Group in one transaction or series of related transactions
other than pursuant to a Change of Control transaction in which all holders of Voting Securities have the opportunity to receive the same consideration per share of Common Stock as that received by the TWVC Funds in such transaction(s). 

(d) The TWVC Funds acknowledge that the Restricted Shares have not been registered under the Securities Act and may not be
Transferred except pursuant to an effective registration statement under the Securities Act or pursuant to an exemption from registration under the Securities Act. The TWVC Funds covenant that the Restricted Shares will only be disposed of pursuant
to an effective registration statement under, and in compliance with the requirements of, the Securities Act or pursuant to an available exemption from the registration requirements of the Securities Act, and in compliance with any applicable state
and foreign securities laws. In connection with any Transfer of Restricted Shares other than pursuant to an effective registration statement, to the Company or pursuant to Rule 144 or 144A (or any similar provision then in force), the Company may,
to the extent reasonable, require the TWVC Funds to provide to the 

  
 7 








 
Company an opinion of counsel selected by the TWVC Funds and reasonably acceptable to the Company, the form and substance of which opinion shall be reasonably satisfactory to the Company, to the
effect that such Transfer does not require registration under the Securities Act. Notwithstanding the foregoing, the Company hereby consents to and agrees to register on the books of the Company and with its transfer agent, without any legal
opinion, except to the extent that the transfer agent requests such legal opinion, any Transfer of Restricted Shares by the TWVC Funds to an Affiliate of any TWVC Fund or to any general or limited partner of any TWVC Fund, provided that the Transfer
is effected in accordance with Section 3.3. 
 (e) The TWVC Funds agree to the imprinting, so long as is required
by this Section 3.2, of the following legend on any certificate evidencing any of the Restricted Shares: 
 THESE SECURITIES HAVE
NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE “ACT”), OR ANY STATE SECURITIES LAWS AND MAY NOT BE TRANSFERRED IN THE ABSENCE OF SUCH REGISTRATION OR AN EXEMPTION THEREFROM UNDER THE ACT AND THE RULES AND
REGULATIONS THEREUNDER AND APPLICABLE STATE SECURITIES LAWS. 
 Certificates evidencing the Restricted Shares shall not be required to contain such legend
or any other legend (i) following any sale of such Restricted Shares pursuant to an effective registration statement (including the Shelf Registration Statement) covering the resale of the Restricted Shares, (ii) following any sale of such
Restricted Shares pursuant to Rule 144 or Rule 144A (or any similar provision then in force) or if the Restricted Shares are transferable by a person who is not an Affiliate of the Company pursuant to Rule 144 or Rule 144A (or any similar provision
then in force) without any volume or manner of sale restrictions thereunder, or (iii) if the holder provides the Company with a legal opinion reasonably acceptable to the Company to the effect that the legend is not required under applicable
requirements of the Securities Act (including controlling judicial interpretations and pronouncements issued by the staff of the SEC). Whenever such restrictions shall cease and terminate as to any Restricted Shares, the holder of such securities
shall be entitled to receive from the Company upon a written request in writing, without expense, new securities of like tenor not bearing the legend set forth herein. 

3.3 Permitted Transfers. Notwithstanding the other provisions of Article III, the TWVC Funds may Transfer any or all of the
Share Equivalents held by them to any of their respective Affiliates or their respective general or limited partners, provided that (i) neither the transferee nor any Person known to the TWVC Funds to be an Affiliate of such
transferee is, to the knowledge of the TWVC Funds, a competitor of the Company, (ii) the transferee certifies to the Company that it is an “accredited investor” as defined in Rule 501(a) under the Securities Act, (iii) the
transferee does not request any removal of any existing legend on any certificate evidencing the Share Equivalents unless the removal of such legend is permitted under Section 3.2(d), and (iv) at or prior to the Transfer such
transferee shall have agreed with the Company in writing to be bound by all of the terms and condition of this Agreement applicable to the TWVC Funds. 

  
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 ARTICLE IV 

SHARE OWNERSHIP 
 4.1
Preemptive Rights. 
 (a) Except to the extent expressly prohibited by law or the rules of the principal securities
exchange on which the Common Stock is then listed or traded, other than as set forth in Section 4.1(b) and (d), if the Company at any time shall propose to issue any Voting Securities, non-voting equity securities or Convertible
Securities following the Closing (a “Post-Closing Issuance”), the TWVC Funds shall have the right to purchase for cash directly from the Company up to their Ownership Percentage of such Participation Shares at the same purchase
price (including any assumed indebtedness and valuing any non-cash consideration at its Fair Market Value) as the price for the Participation Shares to be issued. The Company shall provide such information, to the extent reasonably available,
relating to any non-cash consideration as the TWVC Funds may reasonably request in order to evaluate any such non-cash consideration. 

(b) The Company shall provide the TWVC Funds ten (10) Business Days prior written notice (or, if such notice period is not
practicable under the circumstances, such reasonable prior written notice as is practicable and in any event five (5) Business Days prior written notice) of any Post-Closing Issuance subject to this Section 4.1 (the
“Participation Notice”). The TWVC Funds shall be entitled to allocate, as among themselves and their respective Affiliates (who agree or have agreed in writing to be bound by the terms of this Agreement), the number of Participation
Shares entitled to be purchased by the TWVC Funds and their respective Affiliates (collectively) pursuant to this Section 4.1. In the event that the TWVC Funds elect to exercise their purchase rights pursuant to this
Section 4.1, the TWVC Funds shall provide to the Company written notice of such election (the “Election Notice”) to purchase up to their Ownership Percentage of the Participation Shares hereunder within eight
(8) Business Days after receiving the Participation Notice, which notice shall (i) certify the Ownership Amount as of the date of the Election Notice, (ii) specify the number of Participation Shares to be purchased by the TWVC Funds
and their respective Affiliates (not to exceed their Ownership Percentage of the Participation Shares), and (iii) the allocation of such Participation Shares among the TWVC Funds and their respective Affiliates. The TWVC Funds and their
respective Affiliates shall purchase their Ownership Percentage of the Participation Shares concurrently with the related Post-Closing Issuance by the Company, and such Participation Shares shall be issued on the same terms and subject to the same
conditions as applicable to the other purchaser or purchasers. 
 (c) In the event that the Post-Closing Issuance by the
Company which gave rise to the exercise by the TWVC Funds of their purchase rights pursuant to this Section 4.1 shall be terminated or abandoned by the Company without the issuance of any securities, then the purchase rights of the TWVC
Funds pursuant to this Section 4.1 shall also terminate as to such proposed Post-Closing Issuance by the Company (but not any subsequent or future issuance), and any funds in respect thereof paid to the Company by the TWVC Funds shall be
refunded in full. Notwithstanding anything to the contrary 

  
 9 








 
contained herein, if (i) the price or any other material terms upon which the Company proposes to issue such Participation Shares are amended by the Company following the delivery to the
TWVC Funds of the Participation Notice or (ii) the offering of Participation Shares to which a Participation Notice relates is not completed within ninety (90) days from the delivery of such notice to the TWVC Funds, the TWVC Funds’
election with respect to the purchase of Participation Shares covered by such Participation Notice shall be void and the Company shall be obligated to deliver a new Participation Notice to the TWVC Funds, and the TWVC Funds shall be entitled to make
a new election with respect to the purchase by them or their respective Affiliates of Participation Shares covered by such notice within the eight (8)-Business Day period from the date of receipt of the new Participation Notice and otherwise in
accordance with the procedure specified in this Section 4.1. 
 (d) The provisions of this
Section 4.1 shall not apply to, and the TWVC Funds shall not have any purchase rights with respect to, any of the following types of Post-Closing Issuances by the Company or any of its Subsidiaries: 

(i) any Post-Closing Issuance of Voting Securities, non-voting equity securities or Convertible Securities solely to officers,
employees, directors or consultants of the Company who are not Affiliates of the TWVC Funds in connection with such Person’s employment or consulting arrangements with the Company or the service of such person as a director; 

(ii) any Post-Closing Issuance of Voting Securities, non-voting equity securities or Convertible Securities (i) in any
business combination or acquisition transaction involving the Company or any of its Subsidiaries, (ii) in connection with any joint venture or strategic partnership or alliance or (iii) in connection with the incurrence or guarantee of
indebtedness by the Company or any of its Subsidiaries; 
 (iii) any Post-Closing Issuance of Voting Securities, non-voting
equity securities or Convertible Securities in connection with any stock split, stock dividend or recapitalization approved by the Board (so long as all holders of the same class or series of Voting Securities is treated equally with all other
holders of such class or series of Voting Securities); or 
 (iv) any Post-Closing Issuance of Voting Securities, non-voting
equity securities or Convertible Securities pursuant to an offering registered under the Securities Act. 
 (e) The TWVC
Funds’ rights under this Section 4.1 shall terminate upon a Change of Control, other than a Change of Control in which the TWVC Funds or any of their respective Affiliates is a party. 

  
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 ARTICLE V 

REGISTRATION RIGHTS 
 The Company
hereby grants to each of the Holders (as defined below) the registration rights set forth in this Article V, with respect to the Registrable Securities (as defined below) owned by such Holders. 

5.1 Certain Definitions. As used in this Article V: 

(a) “Additional Effective Date” means, with respect to each Additional Registration Statement, the date the
Additional Registration Statement is declared effective by the SEC. 
 (b) “Additional Effectiveness
Deadline” means, with respect to each Additional Registration Statement, the date which is thirty (30) calendar days after the earlier of the Additional Filing Date and the Additional Filing Deadline for such Additional Registration
Statement or in the event that the Additional Registration Statement is subject to a review by the SEC, ninety (90) calendar days after the earlier of the Additional Filing Date and the Additional Filing Deadline for such Additional
Registration Statement. 
 (c) “Additional Filing Date” means, with respect to each Additional Registration
Statement, the date on which the Additional Registration Statement is filed with the SEC. 
 (d) “Additional Filing
Deadline” means if Registrable Securities registered under a Registration Statement can reasonably be expected to remain unsold at the time such Registration Statement will expire (“Remaining Registrable Securities”),
ninety (90) days prior to the date such Registration Statement expires. 
 (e) “Additional Registrable
Securities” means any Remaining Registrable Securities and any other Share Equivalents held by Holders, however and whenever acquired. 

(f) “Additional Registration Statement” means a registration statement or registration statements of the
Company filed under the Securities Act covering any Additional Registrable Securities. References to Additional Registration Statement shall include any Prospectus. 

(g) [intentionally blank] 

(h) “Effective Date” means the Initial Effective Date and the Additional Effective Date, as applicable. 

(i) “Effectiveness Deadline” means the Initial Effectiveness Deadline and the Additional Effectiveness
Deadline, as applicable. 

  
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 (j) “Filing Deadline” means the Initial Filing Deadline and the
Additional Filing Deadline, as applicable. 
 (k) “Holder” (collectively, “Holders”) means
(i) the TWVC Funds, (ii) any Affiliate of each of the TWVC Funds or the limited or general partners of each of the TWVC Funds that the TWVC Funds designate in writing as a Holder, and (iii) any transferee of at least 500,000 shares of
Registrable Securities that the TWVC Funds designate in writing as a Holder if the transfer was permitted under Section 3.1 and Section 3.2, in each case to the extent holding Registrable Securities, securities exercisable or
convertible into Registrable Securities or securities exercisable for securities convertible into Registrable Securities. 

(l) “Initial Effective Date” means the date that the Initial Registration Statement has been declared
effective by the SEC. 
 (m) “Initial Effectiveness Deadline” means the date no later than 120 days after
the closing of the Rights Offering. 
 (n) “Initial Filing Deadline” means the date no later than two
business days after the closing of the Rights Offering. 
 (o) “Initial Registrable Securities” for the
Initial Registration Statement means (i) the Shares and any other Share Equivalents held by Holders and (ii) any Share Equivalents issued as (or issuable upon) any recapitalization, stock dividend or other distribution with respect to any
Common Stock, stock split or similar event, or in exchange or in replacement of, such Registrable Securities. 
 (p)
“Initial Registration Statement” means a registration statement or registration statements of the Company filed under the Securities Act covering the Initial Registrable Securities. References to the Initial Registration Statement
shall include any Prospectus. 
 (q) “Initial Required Registration Amount” means 100% of the sum of the
maximum number of Shares issued as of the Trading Day immediately preceding the applicable date of determination. 
 (r)
“Prospectus” means the prospectus included in any Shelf Registration Statement, all amendments and supplements to such prospectus, including post-effective amendments, and all other material incorporated by reference in such
prospectus. 
 (s) “register”, “registered” and “registration” refer to a
registration effected by filing with the SEC a Registration Statement in compliance with the Securities Act, and the declaration or ordering by the SEC of the effectiveness of such Registration Statement. 

(t) “Registrable Securities” means the Initial Registrable Securities and Additional Registrable Securities
until the earliest to occur of (a) the date on which both a Registration Statement covering such securities has been declared effective by the SEC 

  
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and such securities have been disposed of pursuant to such effective Registration Statement, (b) the date on which such securities are sold pursuant to Rule 144, (c) the date on which
such securities cease to be outstanding and (d) the date on which all Registrable Securities are eligible to be sold to the public pursuant to Rule 144 (or any successor provision) without volume or manner of sale restrictions. 

(u) “Required Registration Amount” means either the Initial Required Registration Amount or the Additional
Required Registration Amount, as applicable. 
 (v) “Shelf Registration Statement” means the Initial
Registration Statement and the Additional Registration Statement, as applicable. References to Shelf Registration Statement shall include any Prospectus. 

5.2 Shelf Registration. 

(a) (i) Initial Mandatory Registration. The Company shall prepare, and, as soon as practicable, but in no event later
than the Initial Filing Deadline, file with the SEC the Initial Registration Statement on Form S-1 covering the resale of all of the Initial Registrable Securities for an offering to be made on a continuous basis pursuant to Rule 415 under the
Securities Act. The Initial Registration Statement prepared pursuant hereto shall register for resale at least the number of shares of Common Stock equal to the Initial Required Registration Amount determined as of the date the Initial Registration
Statement is initially filed with the SEC. The Company shall use its commercially reasonable efforts to have the Initial Registration Statement declared effective by the SEC as soon as practicable, but in no event later than the Initial
Effectiveness Deadline. The Company shall use its reasonable efforts to file with the SEC in accordance with Rule 424 under the Securities Act the final prospectus to be used in connection with sales pursuant to such Initial Registration Statement
by 9:30 a.m. on the Business Day following the Effective Date, but in any case no later than the deadline required by Rule 424. 

(ii) Additional Mandatory Registrations. The Company shall prepare, and, as soon as practicable but in no event later
than the Additional Filing Deadline, file with the SEC an Additional Registration Statement on Form S-1 covering the resale of all of the Additional Registrable Securities not previously sold on an Additional Registration Statement hereunder. Each
Additional Registration Statement prepared pursuant hereto shall register for resale all Registrable Securities. The Company shall use all commercially reasonable efforts to have each Additional Registration Statement declared effective by the SEC
as soon as practicable, but in no event later than the Additional Effectiveness Deadline. The Company shall file with the SEC in accordance with Rule 424 under the Securities Act the final prospectus to be used in connection with sales pursuant to
such Additional Registration Statement by 9:30 am on the Business Day following the Effective Date, but in any case no later than the deadline required by Rule 424. 

  
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 (b) Suspension of Filing or Registration. If the Company shall furnish to
the Holders a certificate signed by the Chief Executive Officer or Chief Financial Officer of the Company, stating that the filing, effectiveness or continued use of a Shelf Registration Statement would require (i) in the good faith judgment of
the Company Board, unreasonably impede, delay or otherwise interfere with any pending or contemplated material acquisition, corporate reorganization, involving the Company (each, a “Material Transaction”), (ii) based upon
advice from the Company’s investment banker or financial advisor, materially adversely affect any pending or contemplated financing, offering or sale of any class of securities by the Company, or (iii) in the good faith judgment of the
Company Board require disclosure of material non-public information (other than information relating to an event described in clause (i) or (ii) of this subsection (b)) which, if disclosed at such time, would be materially harmful to the
interests of the Company and its stockholders; provided, however, that in the case of a Suspension (as defined below) pursuant to clause (i) or (ii) above, the Suspension shall earlier terminate upon the completion or
abandonment of the relevant securities offering or sale, financing, or Material Transaction unless the Shelf Suspension is also permitted for a different reason under clauses (i) or (ii), and provided, further, that in the case of
a Shelf Suspension pursuant to clause (ii) above, the Company shall give written notice of its determination to suspend the Shelf Registration Statement and the Shelf Suspension shall earlier terminate upon public disclosure by the Company or
public admission by the Company of such material non-public information or such time as such material non-public information shall be publicly disclosed without breach by the Holders of the penultimate sentence of this subsection (b), then the
Company shall have a period of not more than 30 days in any ninety (90) day period or ninety (90) days in any twelve (12) month period (or such longer period as the TWVC Funds shall consent to in writing) within which to delay the
filing or effectiveness of such Shelf Registration Statement or, in the case of a Shelf Registration Statement that has been declared effective, to suspend the use by Holders of such Shelf Registration Statement (in each case, a “Shelf
Suspension”). In the case of a Shelf Suspension that occurs after the effectiveness of a Shelf Registration Statement, the Holders agree to suspend use of the applicable Prospectus in connection with any sale or purchase of, or offer to
sell or purchase, Registrable Securities, upon receipt of the notice referred to above. The Company shall immediately notify the Holders upon the termination of any Shelf Suspension, and (i) in the case of a Shelf Registration Statement that
has not been declared effective, shall promptly thereafter file a Shelf Registration Statement and use its reasonable efforts to have such Shelf Registration Statement declared effective under the Securities Act and (ii) in the case of an
effective Shelf Registration Statement, shall amend or supplement the Prospectus, if necessary, so it does not contain any untrue statement or omission and furnish to the Holders such numbers of copies of the Prospectus as so amended or supplemented
as the Holders may reasonably request. The Company may only exercise its right to a Shelf Suspension once in any twelve-month period. 

(c) The Company shall use its commercially reasonable efforts to take all actions reasonably necessary to ensure that the
transactions contemplated herein are effected as so contemplated in Section 5.2(a) hereof, and to submit to the SEC, within two (2) Business Days after the Company learns that no review of a Shelf Registration


  
 14 








 
Statement will be made by the staff of the SEC or that the staff has no further comments on a Shelf Registration Statement, as the case may be, a request for acceleration of effectiveness (or
post-effective amendment, if applicable) of such Shelf Registration Statement to a time and date not later than 48 hours after the submission of such request. 

(d) Any reference herein to a registration statement or prospectus as of any time shall be deemed to include any document
incorporated, or deemed to be incorporated, therein by reference as of such time and any reference herein to any post-effective amendment to a registration statement as of any time shall be deemed to include any document incorporated, or deemed to
be incorporated, therein by reference as of such time. Any reference to a prospectus as of any time shall include any supplement thereto, preliminary prospectus, or any free writing prospectus in respect thereof. 

(e) In connection with the filing of the Shelf Registration Statement, the Company shall prepare and file with the SEC within
the time periods specified in Section 5.2(a), a Shelf Registration Statement which shall register all of the Registrable Securities for resale by the holders thereof in accordance with such method or methods of disposition as may be
specified by the TWVC Funds and use reasonable efforts to cause such Shelf Registration Statement to become effective as soon as reasonably practicable but in any case within the time periods specified in Section 5.2(a); 

(f) In connection with a Shelf Registration, the Company may require each Holder whose Registrable Securities are covered by
the shelf registration, to furnish to the Company such information regarding the Holder, including, without limitation, its intended method of distribution of Registrable Securities as may be required in order to comply with the Securities Act. The
Holder agrees to notify the Company as promptly as practicable of any inaccuracy or change in information previously furnished by the Holder to the Company or of the occurrence of any event in either case that could cause the prospectus to contain
an untrue statement of a material fact regarding the Holder or its intended method of disposition of such Registrable Securities or omits to state any material fact regarding the Holder or its intended method of disposition of such Registrable
Securities required to be stated therein or necessary to make the statements therein not misleading in light of the circumstances then existing, and promptly to furnish to the Company any additional information required to correct and update any
previously furnished information or required so that such prospectus shall not contain, with respect to the Holder or the disposition of such Registrable Securities, an untrue statement of a material fact or omit to state a material fact required to
be stated therein or necessary to make the statements therein not misleading in light of the circumstances then existing. If the Holder fails to provide to the Company any information required to be provided pursuant to this Section 5.2
after the Holder became aware of the inaccuracy, omission or required change, the Company may suspend the use of the Shelf Registration Statement and the prospectus contained therein until such time as the Holder provides the required information to
the Company. 
 (g) On or after the Initial Effective Date, the Company shall file a post-effective amendment to de-register
all of the shares of Common Stock that remain unsold pursuant to that registration statement on Form S-3, File No. 164267. 

  
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 5.3 Piggyback Registration. 

(a) Company Registration. If at any time or from time to time the Company shall determine to register any of its equity
securities, either for its own account or for the account of security holders (other than (1) in a registration relating solely to employee benefit plans, (2) a registration on Form S-4 or S-8 (or such other similar successor forms then in
effect under the Securities Act), (3) a registration pursuant to which the Company is offering to exchange its own securities, (4) a registration statement relating solely to dividend reinvestment or similar plans, (5) a resale shelf
registration statement relating solely to debt securities of the Company that are convertible into Common Stock and the underlying shares of Common Stock or (6) a registration pursuant to Section 5.2), the Company will: 

(i) promptly (but in no event less than 20 days before the effective date of the relevant Registration Statement) give to each
Holder written notice thereof; and 
 (ii) include in such registration (and any related qualification under state securities
laws or other compliance), and in any underwriting involved therein, all the Registrable Securities specified in a written request or requests, made within 10 days after receipt of such written notice from the Company, by any Holder or Holders,
except as set forth in Section 5.3(b) below. 
 (b) Underwriting. If the registration of which the Company
gives notice is for a registered public offering involving an underwriting, the Company shall so advise the Holders as a part of the written notice given pursuant to Section 5.3(a)(i). In such event the right of any Holder to
registration pursuant to this Section 5.3 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 in
subject to the limitations expressed in Section 5.2. All Holders proposing to distribute their Registrable Securities through such underwriting shall, together with the Company and the other parties distributing their securities through
such underwriting, enter into an underwriting agreement in customary form with the underwriter or underwriters selected for such underwriting by the Company. Notwithstanding any other provision of this Section 5.3, if the underwriter
determines that marketing factors require a limitation of the number of shares to be underwritten, the underwriter may limit the number of Registrable Securities to be included in the registration and underwriting, subject to the terms of this
Section 5.3. The Company shall so advise all holders of the Company’s securities that would otherwise be registered and underwritten pursuant hereto, and the number of shares of such securities, including Registrable Securities,
that may be included in the registration and underwriting shall be allocated first to the Company and second to the Holders and any other holders with registration rights on a pro rata basis based on the total number of securities subject to
registration rights held by such Persons. No such reduction shall (i) reduce the securities being offered by the Company for its own account to be included in the registration and underwriting, or (ii) subject to the limitations expressed
in Section 5.2, reduce the amount of securities of the selling Holders and Alcatel-Lucent included in the registration below thirty percent (30%) of the total amount 

  
 16 








 
of securities included in such registration. No securities excluded from the underwriting by reason of the underwriter’s marketing limitation shall be included in such registration. For the
avoidance of doubt, nothing in this Section 5.3(b) is intended to diminish the number of securities to be included by the Company in the underwriting. 

(c) Market Stand Off. In the event the Company files a Piggyback Registration Statement pursuant to this
Section 5.3(c) for an underwritten offering, the TWVC Funds hereby agree that, upon the request of the underwriter, during the period ending on the date that is ninety (90) days after the date of the final prospectus relating to
such Piggyback Registration Statement or such other period as may be requested by an underwriter to accommodate regulatory restrictions on (1) the publication or other distribution of research reports and (2) analyst recommendations and
opinions, including, but not limited to, the restrictions contained in FINRA Rule 2711(f)(4) (or any successor provisions or amendments thereto), the TWVC Funds will not, without the prior written consent of the underwriter, directly or indirectly,
(1) 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, lend, or otherwise transfer or dispose of any Registrable Securities,
(2) enter into any swap or other arrangement that transfers to another, in whole or in part, any of the economic consequences of ownership of the Registrable Securities or (3) engage in any short selling of the Common Stock or securities
convertible into or exercisable or exchangeable for Common Stock. The foregoing shall not apply to (a) the sale of any Registrable Securities to an underwriter pursuant to an underwriting agreement; (b) any transfers to any stockholder,
partner or member of, or owner of a similar equity interest in the TWVC Funds, as the case may be, if, in any such case, such transfer is not for value; or (c) any distribution of Registrable Securities or any other security convertible into
Registrable Securities to limited partners, members or stockholders of the TWVC Funds or to the TWVC Funds’ affiliates or to any investment fund or other entity controlled or managed by the TWVC Funds; provided, however, transfers pursuant to
clauses (b) and (c), any such transferees shall agree in writing to be bound by this Section 5.3(c). The underwriters in connection with such registration are intended third party beneficiaries of this Section 5.3(c) and
shall have the right, power, and authority to enforce the provisions hereof as though they were a party hereto. The TWVC Funds further agree to execute such agreements as may be reasonably requested by the underwriters in connection with such
registration that are consistent with this Section 5.3(c) or that are necessary to give further effect thereto. The foregoing provisions of this Section 5.3(c) shall be applicable to the TWVC Funds only if all officers and
directors of the Company and all stockholders owning more than 5% of the Company’s outstanding Common Stock, at the time the Company provides written notice of an underwritten public offering pursuant to Section 5.3(a)(i), are
subject to the same restrictions. Any discretionary waiver or termination of the restrictions of any similar agreement or restriction pertaining to other stockholder by the Company or the underwriters shall apply pro rata to the TWVC Funds, based on
the number of shares subject to such agreements. 
 (d) Right to Terminate Registration. The Company shall have the
right to terminate or withdraw any registration initiated by it under this Section 5.3(d) prior to the effectiveness of such registration whether or not any Holder has elected to include securities in such registration. 

  
 17 








 5.4 Expenses of Registration. The Company shall pay all expenses incurred in connection
with all registrations effected pursuant to Sections 5.2 and 5.3, including all registration, SEC, stock exchange, filing and qualification fees (including state securities law fees and expenses), printing expenses, messenger and
delivery expenses, escrow fees, accounting fees, fees and disbursements of counsel for and independent public accountants of the Company, fees and expenses of all Persons retained by the Company, and fees and disbursements of Legal Counsel (as
defined below); provided, however, that the Company shall not be required to pay stock transfer taxes or underwriters’ discounts or selling commissions relating to Registrable Securities. 

5.5 Obligations of the Company. In effecting the registration of the Registrable Securities under this Article V, the Company
shall (in addition to the requirements set forth in Section 5.2(e) with respect to a Shelf Registration Statement), as expeditiously as reasonably possible: 

(a) prepare and file with the SEC such amendments and supplements to such Shelf Registration Statement (including without
limitation, any required post-effective amendments) and the prospectus included therein as may be necessary to effect and maintain the effectiveness of such Shelf Registration Statement and as may be required by the applicable rules and regulations
of the SEC and the instructions applicable to the form of such Shelf Registration Statement; 
 (b) prepare and file with the
SEC the registration statement required pursuant to Section 5.3 (the “Piggyback Registration Statement,” and, together with the Shelf Registration Statement, the “Registration Statements” and, each individually
a “Registration Statement”) and such amendments and supplements to the Registration Statements (including without limitation, any required post-effective amendments) and the prospectus included therein as may be necessary to effect
and maintain the effectiveness of the Registration Statements and as may be required by the applicable rules and regulations of the SEC and the instructions applicable to the form of the Registration Statements and to comply with the provisions of
the Securities Act with respect to the disposition of all securities covered by such Registration Statements in accordance with the intended methods of disposition by sellers thereof set forth in such Registration Statement. 

(c) comply with the provisions of the Securities Act with respect to the disposition of all of the Registrable Securities
covered by such Shelf Registration Statement in accordance with the intended methods of disposition by the TWVC Funds provided for in such Shelf Registration Statement; 

(d) provide the TWVC Funds and their legal counsel (“Legal Counsel”) full opportunity to participate in the
preparation of such Shelf Registration Statement, each prospectus included therein or filed with the SEC and each amendment or supplement thereto (but not including any documents incorporated by reference) and give reasonable


  
 18 








 
consideration to any comments Legal Counsel provides with respect to any Registration Statement or amendment or supplement thereto, the Company acknowledging that the SEC may take the position
that the TWVC Funds constitute underwriters for purposes of such Registration Statement and the Company shall therefore provide Legal Counsel with all the same rights with respect to such Shelf Registration Statement as are customary for
underwriters’ counsel in a public offering by the Company of the Company’s shares of Common Stock. Without limiting the foregoing, the Company shall furnish to Legal Counsel copies of any correspondence from the SEC or the staff of the SEC
to the Company or its representatives relating to any Shelf Registration Statement; 
 (e) keep the Shelf Registration
Statements current and continuously effective pursuant to Rule 415 at all times until such date the Registrable Securities registered pursuant to each such applicable Shelf Registration Statement are no longer Registrable Securities; 

(f) the Shelf Registration Statements shall not contain any untrue statement of a material fact or omit to state a material
fact required to be stated therein, or necessary to make the statements therein not misleading; 
 (g) permit any Holder
which Holder, in the reasonable judgment of the Company, if deemed to be a controlling person of the Company, to participate in good faith in the preparation of such Registration Statement and to cooperate in good faith to include therein material,
furnished to the Company in writing, that in the reasonable judgment of the Company should be included; 
 (h) furnish to the
Holders such numbers of copies of a prospectus, including all exhibits thereto and documents incorporated by reference therein and a preliminary prospectus, in conformity with the requirements of the Securities Act, and such other documents as they
may reasonably request in order to facilitate the disposition of Registrable Securities owned by them; 
 (i) 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 managing underwriter(s) of such offering. Each Holder participating in such underwriting shall also enter
into and perform its obligations under such an agreement; 
 (j) promptly notify the TWVC Funds (A) when such Shelf
Registration Statement or the Prospectus included therein or any prospectus amendment or supplement or post-effective amendment has been filed, and, with respect to such Shelf Registration Statement or any post-effective amendment, when the same has
become effective, (B) of any comments by the SEC with respect thereto or any request by the SEC for amendments or supplements to such Shelf Registration Statement or prospectus or for additional information (the Company shall respond to such
comments and requests from the SEC as promptly as reasonably possible), (C) of the issuance by the SEC of any stop order suspending the effectiveness of such Shelf Registration Statement or the initiation or threatening of any proceedings for
that purpose, (D) of the receipt by the Company of any notification with respect to the suspension of the qualification of the 

  
 19 








 
Registrable Securities for sale in any jurisdiction or the initiation or threatening of any proceeding for such purpose or (E) if at any time when a prospectus is required to be delivered
under the Securities Act, that such Shelf Registration Statement, prospectus, prospectus amendment or supplement or post-effective amendment does not conform in all material respects to the applicable requirements of the Securities Act and the rules
and regulations of the SEC thereunder or contains an untrue statement of a material fact or omits to state any material fact required to be stated therein or necessary to make the statements therein not misleading in light of the circumstances then
existing (the Company shall use its commercially reasonable efforts to promptly prepare a supplement or amendment to the Shelf Registration Statement to conform to such requirements or to correct such untrue statement or omission, and deliver such
number of copies of such supplement or amendment to the selling Holders as the selling Holders may reasonably request); 

(k) use its reasonable efforts to prevent the issuance of any stop order suspending the effectiveness of any Registration
Statement or of any order preventing or suspending the use of any preliminary or final prospectus and, if any such order is issued, to obtain the withdrawal of any such order as soon as practicable; 

(l) in the case of an underwritten offering, make available for inspection, at the Company’s headquarters during normal
business hours, by each Holder including Registrable Securities in such registration, any underwriter participating in any distribution pursuant to such registration, and any attorney, accountant or other agent retained by such Holder or
underwriter, all financial and other records, pertinent corporate documents and properties of the Company, as such parties may reasonably request, and cause the Company’s officers, directors and employees to supply all information reasonably
requested by any such Holder, underwriter, attorney, accountant or agent in connection with such Registration Statement; 

(m) use its reasonable efforts to register or qualify, and cooperate with the Holders of Registrable Securities covered by such
Registration Statement, the underwriters, if any, and their respective counsel, in connection with the registration or qualification of such Registrable Securities for offer and sale under the securities or “blue sky” laws of each state
and other jurisdiction of the United States as any such Holder or underwriters, if any, or their respective counsel reasonably request in writing, and do any and all other things reasonably necessary or advisable to keep such registration or
qualification in effect for such period as required by Section 5.2(a), as applicable; provided that the Company shall not be required to qualify generally to do business in any jurisdiction where it is not then so qualified or take any
action which would subject it to taxation or general service of process in any such jurisdiction where it is not then so subject; 

(n) notify the Holders and underwriters, if any, of any pending proceeding against the Company under Section 8A of the
Securities Act in connection with the offering of the Registrable Securities. 

  
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 (o) in the case of an underwritten offering, obtain for delivery to the
underwriters, if any, an opinion or opinions from counsel for the Company, dated the effective date of the Registration Statement or, in the event of an underwritten offering, the date of the closing under the underwriting agreement, in customary
form, scope and substance, which opinions shall be reasonably satisfactory to such underwriters and their respective counsel; 

(p) in the case of an underwritten offering, obtain for delivery to the Company and the underwriters, a cold comfort letter
from the Company’s independent certified public accountants in customary form and covering such matters of the type customarily covered by cold comfort letters as managing underwriter or underwriters reasonably request, dated the date of
execution of the underwriting agreement and brought down to the closing under the underwriting agreement; 
 (q) comply with
all requirements of The Nasdaq Capital Market with regard to the issuance of the Shares and use its reasonable efforts to list the Registrable Securities covered by such Registration Statement with The Nasdaq Capital Market or any securities
exchange on which the Common Stock is then listed; 
 (r) provide and cause to be maintained a transfer agent and registrar
for all Registrable Securities covered by the applicable Registration Statement from and after a date not later than the effective date of such Registration Statement; 

(s) cooperate with Holders and the underwriters, if any, to facilitate the timely preparation and delivery of certificates
representing Registrable Securities to be sold, such certificates to be in such denominations and registered in such names as such Holders or the managing underwriters may request at least two Business Days prior to any sale of Registrable
Securities; 
 (t) in the event the Company becomes eligible to use a registration statement on Form S-3 for a primary
offering, the Company shall file a post-effective amendment to amend the Shelf Registration Statement to a registration statement on Form S-3; provided that the Company shall maintain the effectiveness of the Shelf Registration Statement then in
effect until such time as a Shelf Registration Statement on Form S-3 covering the Registrable Securities has been declared effective by the SEC. 

(u) use its reasonable efforts to comply with all applicable securities laws and make available to its Holders, as soon as
reasonably practicable, an earnings statement satisfying the provisions of Section 11(a) of the Securities Act and the rules and regulations promulgated thereunder; and 

(v) enter into and perform customary agreements and take such other commercially reasonable actions as are prudent and
reasonably required in order to expedite or facilitate the disposition of the Registrable Securities. 
 5.6 Other Registration
Rights. The TWVC Funds acknowledges that the Company has granted registration rights to Alcatel-Lucent pursuant to the 2014 Securities Purchase Agreement. The Company agrees that it shall not, after the date hereof, grant to any other Person


  
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rights related to the registration of any of the Company’s securities that are superior to, or more expansive than, those granted to the TWVC Funds hereunder until such time as the TWVC
Funds have sold all of their Registrable Securities. 
 5.7 Indemnification. 

(a) The Company will, and does hereby undertake to, indemnify and hold harmless each Holder of Registrable Securities, each of
such Holder’s officers, directors, employees, partners and agents, each Person controlling such Holder, and each underwriter, if any, of the Registrable Securities held by or issuable to such Holder, and each Person who controls any such
underwriter, and the officers, directors, employees, partners and agents (i) of each Person controlling such Holder, (ii) of each underwriter and (iii) of each Person who controls any underwriter, against all claims, losses, damages
and liabilities (or actions in respect thereto) to which they may become subject under the Securities Act, the Exchange Act, or other federal or state law arising out of or based on (A) any untrue statement (or alleged untrue statement) of a
material fact contained in any prospectus, offering circular or other similar document (including any related Registration Statement, notification, or the like) incident to any such registration, qualification or compliance, or based on any omission
(or alleged omission) to state therein a material fact required to be stated therein or necessary to make the statements therein not misleading in light of the circumstances in which they were made, (B) any violation or alleged violation by the
Company of any federal, state or common law rule or regulation applicable to the Company in connection with any such registration, qualification or compliance, or (C) any failure to register or qualify Registrable Securities in any state where
the Company or its agents have affirmatively undertaken or agreed that the Company (the undertaking of any underwriter chosen by the Company being attributed to the Company) will undertake such registration or qualification on behalf of the Holders
of such Registrable Securities including pursuant to Section 5.5(m) (provided that in such instance the Company shall not be so liable if it has undertaken its reasonable efforts to so register or qualify such Registrable
Securities) and will reimburse, as incurred, each such Holder, each such underwriter and each such director, officer, partner, agent and controlling person, for any legal and any other expenses reasonably incurred in connection with investigating or
defending any such claim, loss, damage, liability or action; provided that the Company will not be liable in any such case to the extent that any such claim, loss, damage, liability or expense arises out of or is based on any untrue statement
or omission made in reliance and in conformity with written information furnished to the Company by such Holder or underwriter expressly for use therein. 

(b) Each Holder will, and if Registrable Securities held by or issuable to such Holder are included in such registration,
qualification or compliance pursuant to this Article V, does hereby undertake to indemnify and hold harmless the Company, each of its directors, employees, agents and officers, and each Person controlling the Company and each underwriter, its
partners, officers, directors, employees and each Person controlling such underwriter in any offering or sale of Registrable Securities, and its directors, employees, agents and officers, against all claims, losses, damages and liabilities (or
actions in respect thereof) arising out of or based on any untrue statement 

  
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(or alleged untrue statement) of a material fact contained in any such Registration Statement, prospectus, offering circular or other document, or any omission (or alleged omission) to state
therein a material fact required to be stated therein or necessary to make the statements therein not misleading in light of the circumstances in which they were made, and will reimburse, as incurred, the Company, each such underwriter, each such
other Holder, and each such director, officer, employee, agent, partner and controlling Person of the foregoing, for any legal or any other expenses reasonably incurred in connection with investigating or defending any such claim, loss, damage,
liability or action, in each case to the extent, but only to the extent, that such untrue statement (or alleged untrue statement) or omission (or alleged omission) was made in such Registration Statement, prospectus, offering circular or other
document, in reliance upon and in conformity with written information furnished to the Company by such Holder expressly for use therein; provided, however, that the liability of each Holder hereunder shall be limited to the net
proceeds received by such Holder from the sale of securities under such Registration Statement. It is understood and agreed that the indemnification obligations of each Holder pursuant to any underwriting agreement entered into in connection with
any Registration Statement shall be limited to the obligations contained in this subsection 5.6(b). 
 (c) Each party
entitled to indemnification under this Section 5.7 (the “Indemnified Party”) shall give notice to the party required to provide such indemnification (the “Indemnifying Party”) of any claim as to which
indemnification may be sought promptly after such Indemnified Party has actual knowledge thereof, and shall permit the Indemnifying Party to assume the defense of any such claim or any litigation resulting therefrom; provided that
counsel for the Indemnifying Party, who shall conduct the defense of such claim or litigation, shall be subject to approval by the Indemnified Party (whose approval shall not be unreasonably withheld) and the Indemnified Party may participate in
such defense at the Indemnifying Party’s expense if (i) representation of such Indemnified 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 proceeding or (ii) the Indemnifying Party shall have failed to promptly assume the defense of such proceeding; and provided further that the failure of any Indemnified Party to give notice as provided herein shall
not relieve the Indemnifying Party of its obligations under this Article V, except to the extent that such failure to give notice shall materially adversely affect the Indemnifying Party in the defense of any such claim or any such
litigation. No Indemnifying Party, in the defense of any such claim or litigation, may, without the consent of each Indemnified Party, consent to entry of any judgment or enter into any settlement unless such settlement includes an unconditional
release of such Indemnified Party from all liabilities on claims that are the subject matter of such claim or litigation.  

(d) In order to provide for just and equitable contribution in case indemnification is unavailable to an Indemnified Party (by
reason of legal prohibition or otherwise), the Indemnifying Party, in lieu of indemnifying such Indemnified Party, shall contribute to the amount paid or payable by such Indemnified Party as a result of such losses, claims, damages or liabilities in
such proportion as is appropriate to reflect the relative fault of the Indemnifying Party and Indemnified Party in connection with the 

  
 23 








 
actions which resulted in such losses, claims, damages or liabilities, as well as any other relevant equitable considerations. The relative fault of such Indemnifying Party and Indemnified Party
shall be determined by reference to, among other things, whether any action in question, including any untrue or alleged untrue statement of material fact or omission or alleged omission to state a material fact, has been made by, or relates to
information supplied by, such Indemnifying Party or Indemnified Party, and such party’s relative intent, knowledge, access to information and opportunity to correct or prevent such actions; provided, however, that, in any case,
(i) no Holder will be required to contribute any amount in excess of the public offering price of all securities offered by it pursuant to such Registration Statement (less all underwriting fees and discounts), and (ii) 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. 

(e) The indemnity and contribution agreements contained herein are in addition to any liability that the Indemnifying Party may
have to the Indemnified Parties and shall remain in full force and effect regardless of any investigation made by or on behalf of the Indemnified Party or any officer, director or controlling Person of such Indemnified Party and shall survive the
transfer of the Registrable Securities. 
 5.8 Information by Holder. The Holder or Holders of Registrable Securities included in any
registration shall furnish to the Company such information regarding such Holder or Holders and the distribution proposed by such Holder or Holders as the Company may reasonably request in writing and as shall be required in connection with any
registration, qualification or compliance referred to in this Article V. 
 5.9 Transfer of Registration Rights. The
rights contained in Sections 5.2 and 5.3 hereof to cause the Company to register the Registrable Securities, and the other rights set forth in this Article V, may be assigned or otherwise conveyed by the TWVC Funds to any
transferee of the Registrable Securities if the transfer was permitted under Article III. 
 5.10 Rule 144 Reporting. With a
view to making available to the Holders the benefits of certain rules and regulations of the SEC that may permit the sale of the Registrable Securities to the public without registration, the Company agrees to use its commercially reasonable efforts
to: 
 (a) make and keep current public information available, within the meaning of Rule 144 or any similar or analogous
rule promulgated under the Securities Act; and 
 (b) file with the SEC, in a timely manner, all reports and other documents
required of the Company under the Securities Act and Exchange Act; 
 (c) as long as any Holder owns any Registrable
Securities, furnish in writing upon such Holder’s written request a written statement by the Company that it has complied with the reporting requirements of Rule 144 and of the Securities Act and Exchange Act; and 

(d) undertake any additional actions reasonably necessary to maintain the availability of the use of Rule 144. 

5.11 Termination of Registration Rights. The rights of the Holders to cause the Company to register securities under
Article V hereof shall terminate on the date when there no longer remaining any Registrable Securities; provided, however, that Sections 5.4 and 5.8 shall survive such termination. 

  
 24 








 ARTICLE VI 

ADDITIONAL AGREEMENTS OF THE PARTIES 

6.1 Further Assurances. From time to time, at the reasonable request of any other party hereto and without further consideration, each
party hereto shall execute and deliver such additional documents and take all such further action as may be necessary or appropriate to consummate and make effective, in the most expeditious manner practicable, the transactions contemplated by this
Agreement. 
 ARTICLE VII 

MISCELLANEOUS 
 7.1 Entire
Agreement. This Agreement constitutes the entire understanding and agreement between the parties as to the matters covered herein and supersedes and replaces any prior understanding, agreement or statement of intent, in each case, written or
oral, of any and every nature with respect thereto. 
 7.2 Specific Performance. The parties hereto agree that the obligations
imposed on them in this Agreement are special, unique and of an extraordinary character, and that, in the event of breach or threatened breach by any party, damages would not be an adequate remedy and each of the other parties shall be entitled to
specific performance and injunctive and other equitable relief in addition to any other remedy to which it may be entitled, at law or in equity; and the parties hereto further agree to waive any requirement for the securing or posting of any bond in
connection with the obtaining of any such injunctive or other equitable relief. 
 7.3 Governing Law. This Agreement shall be
governed by and construed in accordance with the laws of the State of Delaware applicable to contracts entered into and performed entirely within such State. 

7.4 Amendment and Waiver. 

(a) This Agreement may be amended or modified, and any provision hereof may be waived, in whole or in part, at any time
pursuant to an agreement in writing executed by the Company (after approval by the Non-TWVC Directors) and the TWVC Funds. 

(b) Any failure by any party at any time to enforce any of the provisions of this Agreement shall not be construed a waiver of
such provision or any other provisions hereof. 

  
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 7.5 Binding Effect. Except as otherwise expressly provided herein, the provisions hereof
shall inure to the benefit of, and be binding upon, the parties’ successors and permitted assigns. 
 7.6 Termination. This
Agreement shall terminate only by written consent of each of the parties hereto or upon the dissolution of liquidation of the Company. 

7.7 Notices. Any and all notices or other communications or deliveries required or permitted to be provided hereunder shall be in
writing and shall be deemed given and effective on the earliest of (a) the date of transmission, if such notice or communication is delivered via facsimile or email at the facsimile number or email address specified in this Section prior to
6:30 p.m. (Pacific Time) on a Business Day, (b) the next Business Day after the date of transmission, if such notice or communication is delivered via facsimile or email at the facsimile number or email address specified in this Section on a
day that is not a Business Day or later than 6:30 p.m. (Pacific Time) on any Business Day, (c) the Business Day following the date of deposit with a nationally recognized overnight courier service, or (d) upon actual receipt by the
party to whom such notice is required to be given. The addresses, facsimile numbers and email addresses for such notices and communications are those set forth on the signature pages hereof, or such other address or facsimile number as may be
designated in writing hereafter, in the same manner, by any such Person. 
 7.8 Severability. If any portion of this Agreement shall
be declared void or unenforceable by any court or administrative body of competent jurisdiction, such portion shall be deemed severable from the remainder of this Agreement, which shall continue in all respects valid and enforceable. 

7.9 Counterparts. This Agreement may be executed in any number of counterparts, each of which shall be deemed an original, but all of
which together shall constitute a single instrument. 
 7.10 Venue, Waiver of Jury Trial. THE COMPANY AND THE TWVC FUNDS HEREBY
IRREVOCABLY SUBMIT TO THE NON-EXCLUSIVE JURISDICTION OF THE STATE AND FEDERAL COURTS SITTING IN SANTA CLARA COUNTY, CALIFORNIA FOR THE ADJUDICATION OF ANY DISPUTE BROUGHT BY THE COMPANY OR THE TWVC FUNDS HEREUNDER, IN CONNECTION HEREWITH OR WITH ANY
TRANSACTION CONTEMPLATED HEREBY OR DISCUSSED HEREIN, AND HEREBY IRREVOCABLY WAIVE, AND AGREE NOT TO ASSERT IN ANY SUIT, ACTION OR PROCEEDING BROUGHT BY THE COMPANY OR THE TWVC FUNDS, ANY CLAIM THAT IT IS NOT PERSONALLY SUBJECT TO THE JURISDICTION OF
ANY SUCH COURT, OR THAT SUCH SUIT, ACTION OR PROCEEDING IS IMPROPER. EACH PARTY, AFTER CONSULTING OR HAVING HAD THE OPPORTUNITY TO CONSULT WITH COUNSEL, EACH KNOWINGLY, VOLUNTARILY AND INTENTIONALLY WAIVE IRREVOCABLY, ANY RIGHT TO A TRIAL BY JURY IN
ANY ACTION OR PROCEEDING TO ENFORCE OR DEFEND ANY RIGHTS ARISING OUT OF OR RELATING TO THIS AGREEMENT AND SUCH PROCEEDING SHALL BE TRIED BEFORE A COURT AND NOT BEFORE A JURY. 

  
 26 








 IN WITNESS WHEREOF, each of the undersigned has executed this Agreement or caused this Agreement
to be executed on its behalf as of the date first written above. 
  

					
	IKANOS COMMUNICATIONS, INC.
		
	By:	 	 /s/ Omid Tahernia

		 	Name:	 	Omid Tahernia
		 	Title:	 	President & Chief Executive Officer
	
	Address for Notice:
	
	 Ikanos Communications, Inc.
 47669
Fremont Blvd.
 Fremont, CA 94538

	 Facsimile No.: (510) 979-0500

Telephone No.: (510) 979-0400
 Attn: General
Counsel

	
	with a copy (which shall not constitute notice) to:
	
	Pillsbury Winthrop Shaw Pittman LLP
	 2550 Hanover Street
 Palo Alto, CA
94304
 Facsimile No.: (650) 233-4545

	 Telephone No.: (650) 233-4537

Attn: Jorge A. del Calvo










 IN WITNESS WHEREOF, each of the undersigned has executed this Agreement or caused this Agreement
to be executed on its behalf as of the date first written above. 
  

			
	 TALLWOOD III, L.P.

TALLWOOD III PARTNERS, L.P.
 TALLWOOD III ASSOCIATES,
L.P.

	
	 By: Tallwood III Management, LLC

Its General Partner

		
	By:	 	 /s/ George Pavlov

		 	Managing Member
	
	TALLWOOD III ANNEX, L.P.
	
	 By: Tallwood III Annex Management, LLC

Its General Partner

		
	By:	 	 /s/ George Pavlov

		 	Managing Member
	
	Address for Notice:
	
	 Tallwood Venture Capital
 Facsimile
No.: (650) 473-6755
 Telephone No.: (650) 473-6750

	
	with a copy to (which shall not constitute notice) to:
	
	 Latham & Watkins LLP
 140 Scott
Drive
 Menlo Park, CA 94025
 Facsimile No.: (650) 328-4600

Telephone No.: (650) 463-2606
 Attention: Christopher L.
Kaufman