Document:

EX-10.11.1

 Exhibit 10.11.1 

Execution Version 
 Dated 12 November 2013

 GE CAPITAL BANK AG 

Heinrich-von-Brentano-Str. 2, 55130 Mainz, Germany 

and 
 Constellium Singen GmbH
(formerly: Alcan Singen GmbH) 
 Alusingen-Platz 1, 78224 Singen, Germany 

 
  

AMENDMENT AGREEMENT 
 to a
Factoring Agreement (dated 16 December 2010) 
  

 
  

 

 Index 
  

					
	Section	  	Page	 
		
	 1. DEFINITIONS
	  	 	3	  
		
	 2. INTERPRETATION
	  	 	3	  
		
	 3. AMENDMENT TO THE FACTORING AGREEMENT
	  	 	4	  
		
	 4. PARTIAL INVALIDITY; WAIVER
	  	 	4	  
		
	 5. APPLICABLE LAW; JURISDICTION
	  	 	4	  

 This Amendment Agreement (the “Agreement”) is dated 12 November 2013, and entered into
between 
  

	(1)	GE CAPITAL BANK AG, Heinrich-von-Brentano-Str. 2, 55130 Mainz, Germany, (hereafter referred to as “GE CAPITAL”); and 

 

	(2)	CONSTELLIUM SINGEN GMBH (formerly: Alcan Singen GmbH), registered with the commercial register of the local court (Amtsgericht) of Freiburg, with registration number HRB 540034, having its registered seat
at Alusingen-Platz 1, 78224 Singen, Germany, (hereafter referred to as the “Originator”). 

 GE CAPITAL and Constellium Singen are
hereafter referred to as the “Parties”. 
 WHEREAS: 
  

	(1)	GE Capital as purchaser and the Originator as seller entered into a factoring agreement 16 December 2012, pursuant to which the Originator sells certain receivables to GE CAPITAL (the “Factoring
Agreement”). 

  

	(2)	Due to a corporate restructuring within the Originator’s group (the “Restructuring”), the names of certain members of the Group (as defined by reference below) have changed. 

 

	(3)	GE Capital together with further GE companies, and further companies belonging to the same group as the Originator, entered into additional factoring agreements, and are in the process to enter into that certain
refinancing transaction (the “Refinancing”). 

  

	(4)	In the course of the Refinancing, the Parties have agreed to amend the Factoring Agreement with respect to the Maximum Commitment and the Termination Date (each as defined in the Factoring Agreement). 

GE CAPITAL and the ORIGINATOR have agreed to enter into this Agreement in order to amend the Factoring Agreement which are necessary due to the
Restructuring and the Refinancing. 
  

	1.	DEFINITIONS 

 Terms in italics have the meaning ascribed to them in the Factoring
Agreement, unless otherwise defined herein. 
  

	2.	INTERPRETATION 

 Due to the Restructuring, the names of certain companies of the
Group have changed. Accordingly, any reference to the companies’ former names shall be construed as to references to their current names as follows, (as applicable): 

 

			
	 Former Name
	  	 Current name

	Alcan Singen GmbH	  	Constellium Singen GmbH
	Alcan Aluminium Presswerke GmbH	  	Constellium Extrusions Deutschland GmbH
	Alcan Aluminium Valais SA, Sierre	  	Constellium Valais SA

  
 - 3 - 

	3.	AMENDMENT TO THE FACTORING AGREEMENT 

  

	3.1.	Schedule 1 (Terms and Conditions) clause 4 (Maximum Commitment) shall be amended in whole and read as follows: 

“GE CAPITAL will set a maximum limit for each Constellium Singen GmbH (formerly Alcan Singen GmbH), Constellium Extrusions Deutschland
GmbH (formerly Alcan Aluminium Presswerke GmbH) and Constellium Valais SA (formerly Alcan Aluminium Valais SA, Sierre), provided that the total aggregate Maximum Commitment under the respective factoring agreements between GE CAPITAL and Constellium
Singen GmbH (formerly Alcan Singen GmbH), Constellium Extrusions Deutschland GmbH (formerly Alcan Aluminium Presswerke GmbH) and Constellium Valais SA (formerly Alcan Aluminium Valais SA, Sierre) amounts to 115,000,000.00 EUR (one hundred and
fifteen million Euro) and which can be changed upon request of the respective originator(s).” 
  

	3.2.	Schedule 1 (Terms and Conditions) clause 6 (Termination Date) shall be amended in whole and read as follows: 

“04 June 2017” 
  

	4.	PARTIAL INVALIDITY; WAIVER 

  

	4.1.	Invalidity 

 If any provision of this Agreement should be or become invalid or
unenforceable in whole or in part, this shall not affect the validity of the remaining provisions hereof. The invalid or unenforceable provision shall be deemed replaced by that provision which best meets the intent and the economic purpose of the
void or unenforceable provision. 
  

	4.2.	Waiver 

 No failure to exercise, nor any delay in exercising, on the part of the
Originator or GE CAPITAL, any right or remedy hereunder shall operate as a waiver thereof, nor shall any single or partial exercise of any right or remedy prevent any further or other exercise thereof or the exercise of any other right or remedy.
The rights and remedies provided hereunder are cumulative and not exclusive of any rights or remedies provided by law. 
  

	5.	APPLICABLE LAW; JURISDICTION 

  

	5.1.	Applicable Law 

 This Agreement shall be governed by and construed in accordance with the
laws of the Federal Republic of Germany. 
  

	5.2.	German Courts 

 The courts of Mainz have exclusive jurisdiction to settle any dispute
arising out of or in connection with this Agreement (including a dispute regarding the existence, validity or termination of this Agreement or the consequences of its nullity). 

  
 - 4 - 

 SIGNATORIES 
  

							
	GE CAPITAL BANK AG
				
		 	

	 		 	

		 	  
	 		 	  

	Signed by:	 		 		 	
				
	Title:	 	

	 		 	

				
		 	13. NOV. 2013	 		 	13. NOV. 2013
			
	Constellium Singen GmbH	 		 	
				
		 	

	 		 	
		 	  
	 		 	  

	Signed by:	 	C. Sahyoun	 		 	
				
	Title:	 		 		 	

  
 - 5 -EX-4.1

	
	Exhibit 4.1

  
 

 
 NUMBER 
NS 
nimble storage 
SHARES 
INCORPORATED UNDER THE LAWS OF THE STATE OF DELAWARE 
CUSIP 654490R 10 1 
SEE REVERSE FOR CERTAIN DEFINITIONS 
This certifies that 
is the record holder of 
FULLY PAID AND NONASSESSABLE SHARES OF COMMON STOCK, $0.001 PAR VALUE,
OF 
Nimble Storage, Inc. 
transferable on the books of the corporation in
person or by duly authorized attorney upon surrender of this Certificate properly endorsed. This Certificate is not valid until countersigned by the Transfer Agent and registered by the Registrar. 
WITNESS the facsimile seal of the Corporation and the facsimile signatures of its duly authorized officers. 
Dated: 
CHIEF EXECUTIVE OFFICER & PRESIDENT 
NIMBLE STORAGE, INC. DELAWARE 
CORPORATE SEAL 
NOVEMBER 8, 2007 
GENERAL COUNSEL & CORPORATE SECRETARY 
COUNTERSIGNED AND REGISTERED: 
AMERICAN STOCK TRANSFER TRUST & COMPANY, LLC 
(NEW YORK, NY) TRANSFER AGENT AND REGISTRAR 
BY: 
AUTHORIZED SIGNATURE 

 The following abbreviations, when used in the inscription on the face of this certificate, shall
be construed as though they were written out in full according to applicable laws or regulations: 

 

			
	 TEN COM
	 	 –  as tenants in common

	 TEN ENT
	 	 –  as tenants by the entireties

	 JT TEN
	 	 –  as joint tenants with right of

    survivorship and not as tenants

    in common

	 COM PROP
	 	 –  as community property

 

											
	UNIF GIFT MIN ACT –	 	                      	 	Custodian	 	                                 
    	 		 	
		 	(Cust)	 		 	(Minor)    	 		 	
		 	under Uniform Gifts to Minors	 	
		 	Act                                  
                                	 	
		 	         (State)

	UNIF TRF MIN ACT –	 	                                    
  	 	Custodian (until age         )	 		 	
		 	(Cust)	 		 		 	
		 	                                    
  	 	under Uniform Transfers
		 	(Minor)	 		 		 	
		 	to Minors Act	 	                                   
                     	 	
		 		 	         (State)

 
 

  
 Additional abbreviations
may also be used though not in the above list. 
 FOR VALUE RECEIVED,
                                         
            hereby sell(s), assign(s) and transfer(s) unto 
  

					
	 PLEASE INSERT SOCIAL SECURITY OR OTHER

IDENTIFYING NUMBER OF ASSIGNEE
  
	 		  	
	 		
	 	 		  	
	
	  

	(PLEASE PRINT OF TYPEWRITE NAME AND ADDRESS, INCLUDING ZIP CODE, OF ASSIGNEE)
	
	  

	
	  

							
		
	  
	  	shares
	of the capital stock represented by within Certificate, and do hereby irrevocably constitute and appoint	  	

							
		
	  
	  	attorney-in-fact

							
	to transfer the said stock on the books of the within named Corporation with full power of the substitution in the premises.	  	

  

			
	Dated	 	  

  

							
		 	X	  	  

			
		 	X	  	  

	 Signature(s) Guaranteed:
	 		  	NOTICE:	  	THE SIGNATURE TO THIS ASSIGNMENT MUST CORRESPOND WITH THE NAME AS WRITTEN UPON THE FACE OF THE CERTIFICATE IN EVERY PARTICULAR, WITHOUT ALTERATION OR ENLARGEMENT OR ANY CHANGE WHATSOEVER.

  

	
	

  
  

			
	 By
	 	  

	  
 THE SIGNATURE(S) SHOULD BE GUARANTEED BY AN ELIGIBLE
GUARANTOR INSTITUTION, (BANKS, STOCKBROKERS, SAVINGS AND LOAN ASSOCIATIONS AND CREDIT UNIONS WITH MEMBERSHIP IN AN APPROVED SIGNATURE GUARANTEE MEDALLION PROGRAM), PURSUANT TO S.E.C. RULE 17Ad-15. GUARANTEES
BY A NOTARY PUBLIC ARE NOT ACCEPTABLE. SIGNATURE GUARANTEES MUST NOT BE DATED.EX-10.1

 Exhibit 10.1 

EXECUTION VERSION 
 AGREEMENT

 This Agreement, dated as of December 9, 2013 (this “Agreement”), is by and among Intevac, Inc., a Delaware
corporation (the “Company”), Steven R. Becker, an individual resident of Texas (“Becker”), Matthew A. Drapkin, an individual resident of New York (“Drapkin”), BC Advisors, LLC, a Texas limited
liability company, Becker Drapkin Management, L.P., a Texas limited partnership, Becker Drapkin Partners (QP), L.P., a Texas limited partnership, and Becker Drapkin Partners, L.P., a Texas limited partnership (collectively with Becker and Drapkin,
the “Shareholder Group”). 
 WHEREAS, the Company and the Shareholder Group have agreed to each take and refrain from
taking certain actions on the terms and conditions set forth in this Agreement. 
 NOW, THEREFORE, in consideration of the foregoing
premises and the respective representations, warranties, covenants, agreements and conditions hereinafter set forth, and intending to be legally bound hereby, the parties hereto hereby agree as follows: 

1. Definitions. For purposes of this Agreement: 

(a) The terms “Affiliate” and “Associate” have the respective meanings set forth in Rule 12b-2 promulgated by
the Securities and Exchange Commission (the “SEC”) under the Securities Exchange Act of 1934, as amended (the “Exchange Act”), and shall include persons who become Affiliates or Associates of any person subsequent
to the date of this Agreement, provided that neither “Affiliate” nor “Associate” shall include (i) any person that is a publicly held concern and is otherwise an Affiliate or Associate solely by reason of the fact
that a principal of any member of the Shareholder Group serves as a member of the board of directors or similar governing body of such concern, provided that the Shareholder Group does not control such concern, (ii) such principal in its
capacity as a member of the board of directors or other similar governing body of such concern or (iii) any entity which is an Associate solely by reason of clause (a) of the definition of Associate in Rule 12b-2 and is not an Affiliate.

 (b) “Annual Meeting” means any annual meeting of stockholders of the Company. 

(c) The terms “beneficial owner” and “beneficial ownership” shall have the respective meanings as set forth
in Rule 13d-3 promulgated by the SEC under the Exchange Act. 
 (d) “Board” means the Board of Directors of the Company.

 (e) “Common Stock” means the common stock of the Company, par value $0.001 per share. 

(f) “New Director” means Drapkin and any successor to Drapkin appointed to the Board pursuant to Section 5 of
this Agreement. 
 (g) The terms “person” or “persons” shall mean any individual, corporation (including
not-for-profit), general or limited partnership, limited liability company, joint venture, estate, trust, association, organization or other entity of any kind or nature, including any governmental authority. 

(h) “Standstill Period” means the period from the date hereof until the earlier of: 

(i) thirty (30) days prior to the Timely Deadline for the Annual Meeting to be held in 2016; and 

 (ii) such date, if any, of a breach by the Company in any material respect of any of its
representations, warranties, commitments or obligations set forth in Section 2, 4, 5, 9, 10, 11, or 14 of this Agreement if such breach has not been cured within thirty (30) days following
written notice of such breach (provided that (i) a failure to make take the actions set forth in Section 4(a)(i) and (ii), (ii) a failure to make the nomination required under Section 4(b)(i), and
(iii) a failure to provide the notice of nomination required under Section 4(c) cannot be cured). 
 (i) “Timely
Deadline” means, with respect to any Annual Meeting, the last date upon which a notice to the Secretary of the Company of nominations of persons for election to the Board at such Annual Meeting or the proposal of business at such Annual
Meeting would be considered “timely” under the Company’s Certificate of Incorporation and Amended and Restated Bylaws. 
 2.
Representations and Warranties of the Company. The Company represents and warrants as follows as of the date hereof: 
 (a) The
Company has the corporate power and authority to execute, deliver and carry out the terms and provisions of this Agreement and to consummate the transactions contemplated hereby. 

(b) This Agreement has been duly and validly authorized, executed and delivered by the Company, constitutes a valid and binding obligation and
agreement of the Company and is enforceable against the Company in accordance with its terms, except as enforcement thereof may be limited by applicable bankruptcy, insolvency, reorganization, moratorium, fraudulent conveyance or similar laws
affecting the rights of creditors and subject to general equity principles. 
 (c) The execution, delivery and performance of this Agreement
by the Company does not and will not (i) violate or conflict with any law, rule, regulation, order, judgment or decree, in each case that is applicable to the Company, or (ii) result in any material breach or material violation of, or
constitute a material default (or an event which with notice or lapse of time or both could become a material default) under or pursuant to, or result in the loss of a material benefit under, or give any right of termination, amendment, acceleration
or cancellation of (A) any organizational document of the Company or (B) any agreement, contract, commitment, understanding or arrangement, in each case to which the Company is a party or by which it is bound and which is material to the
Company’s business or operations. 
 3. Representations and Warranties of the Shareholder Group, Etc. Each member of the
Shareholder Group severally, and not jointly, represents and warrants with respect to himself or itself as follows as of the date hereof: 

(a) Such member has the power and authority to execute, deliver and carry out the terms and provisions of this Agreement and to consummate the
transactions contemplated hereby. Such member, if an entity, has the corporate, limited partnership or limited liability company power and authority, as applicable, to execute, deliver and carry out the terms and provisions of this Agreement and to
consummate the transactions contemplated hereby. 
 (b) This Agreement has been duly and validly authorized, executed, and delivered by such
member, constitutes a valid and binding obligation and agreement of such member and is enforceable against such member in accordance with its terms, except as enforcement thereof may be limited by applicable bankruptcy, insolvency, reorganization,
moratorium, fraudulent conveyance or similar laws affecting the rights of creditors and subject to general equity principles. 

  
 2 

 (c) The execution, delivery and performance of this Agreement by such member does not and will
not (i) violate or conflict with any law, rule, regulation, order, judgment or decree applicable to such member, or (ii) result in any material breach or material violation of, or constitute a material default (or an event which with
notice or lapse of time or both could become a material default) under or pursuant to, or result in the loss of a material benefit under, or give any right of termination, amendment, acceleration or cancellation of, (A) any organizational
document, if an entity, or (B) any agreement, contract, commitment, understanding or arrangement, in each case to which such member is a party or by which such member is bound. 

(d) As of the date hereof, the members of the Shareholder Group and their Affiliates and Associates beneficially own in the aggregate
1,082,365 shares of Common Stock. 
 (e) Drapkin consents and agrees to serve as a director of the Company as of 9:00 a.m., Pacific time, on
December 10, 2013 (the “Effective Time”) in accordance with the terms of this Agreement. 
 4. Directors; Related
Matters. 
 (a) On the date hereof, the Board shall, in accordance with the Company’s governance documents, adopt a
resolution to: 
 (i) increase the size of the Board to eight (8) directors; 

(ii) appoint Drapkin to the Board, as a director, effective as of the Effective Time; and 

(iii) appoint Drapkin to, in the Board’s sole discretion, either the Compensation Committee or the Nominating and Governance Committee.

 (b) In connection with the Annual Meeting to be held in 2014 (the “2014 Annual Meeting”) and the Annual Meeting to be
held in 2015 (the “2015 Annual Meeting”), the Company will take all action necessary to effect the following: 
 (i) the
Board and the Nominating and Governance Committee shall nominate Drapkin for election to the Board as a director at the 2014 Annual Meeting and the 2015 Annual Meeting, as applicable; and 

(ii) the Company shall recommend that the Company’s stockholders vote, and shall solicit proxies, in favor of the election of Drapkin at
the 2014 Annual Meeting and the 2015 Annual Meeting and otherwise support Drapkin for election in a manner no less rigorous and favorable than the manner in which the Company supports its other nominees. 

(c) The Company agreed that at least thirty (30) days prior to the Timely Deadline for the Annual Meeting to be held in 2016 (the
“2016 Annual Meeting”), the Nominating and Governance Committee will notify the Shareholder Group that it has resolved to recommend the New Director for election as director at the 2016 Annual Meeting. 

(d) The Company agrees, until the conclusion of the Standstill Period, not to increase the size of the Board except as necessary to comply
with the terms of this Agreement. 

  
 3 

 (e) The Company agrees that, so long as Drapkin is a member of the Board, Drapkin will be offered
membership on any committee of the Board constituted to evaluate strategic opportunities for the Company. 
 5. Replacement
Directors. If, at any time prior to the conclusion of the Standstill Period, the New Director is unable or unwilling to serve as a director of the Company (other than, subject to Section 4(b)(i) hereof, in connection with the
Board’s decision not to renominate the New Director, then the Shareholder Group and the Board (excluding the New Director who is resigning) shall appoint a mutually agreeable replacement for such New Director within ninety (90) days of
such New Director validly tendering his resignation from the Board (in which case all references in this Agreement to “Drapkin” with respect to such New Director’s rights and obligations as a director shall refer to such replacement,
as applicable, provided that references in this Agreement to “Shareholder Group” will not include such person unless such person is otherwise already a member). 

6. Voting. During the Standstill Period, each member of the Shareholder Group shall cause all shares of Common Stock owned of record or
beneficially owned by it or its respective Affiliates or Associates to be present for quorum purposes and to be voted in favor of all directors nominated by the Board for election at any stockholder meeting where such matters will be voted on;
provided, that such nominees were not nominated in contravention of this Agreement. 
 7. Standstill. Each member of the
Shareholder Group agrees that, during the Standstill Period, he or it will not, and he or it will cause each of such person’s respective Affiliates, Associates and agents and any other persons acting on his or its behalf not to, directly or
indirectly: 
 (a) acquire beneficial ownership in excess of 17.5% of the outstanding shares of Common Stock (based on the latest annual or
quarterly report of the Company filed with the SEC pursuant to Section 13 or 15(d) of the Exchange Act), other than the acquisition of equity-based compensation pursuant to Section 10 hereof and the exercise of any options or
conversion of any convertible securities comprising such equity-based compensation; 
 (b) submit any shareholder proposal (pursuant to Rule
14a-8 promulgated by the SEC under the Exchange Act or otherwise) or any notice of nomination or other business for consideration, or nominate any candidate for election to the Board or oppose the directors nominated by the Board, other than as
expressly permitted by this Agreement; 
 (c) form, join in or in any other way participate in a “partnership, limited partnership,
syndicate or other group” within the meaning of Section 13(d)(3) of the Exchange Act with respect to the Common Stock or deposit any shares of Common Stock in a voting trust or similar arrangement or subject any shares of Common Stock to
any voting agreement or pooling arrangement, other than with other members of the Shareholder Group or one or more of their Affiliates (provided that any such Affiliate signs a joinder to this Agreement) or to the extent such a group may be
deemed to result with the Company or the New Director or any of their respective Affiliates as a result of this Agreement; 
 (d) engage in
discussions with other stockholders of the Company, solicit proxies or written consents of stockholders or otherwise conduct any nonbinding referendum with respect to the Common Stock, or make, or in any way encourage, influence or participate in,
any “solicitation” of any “proxy” within the meaning of Rule 14a-1 promulgated by the SEC under the Exchange Act to vote, or advise, encourage or influence any person with respect to voting or tendering, any shares of Common
Stock with respect to any matter, including, without limitation, any Sale Transaction that is not approved by a majority of the Board, or become a “participant” in any contested “solicitation” for the election of directors with
respect to the Company (as such terms are defined or used under the Exchange Act and the rules promulgated by the SEC thereunder), other than a “solicitation” or acting as a “participant” in support of all of the nominees of the
Board at any stockholder meeting; 

  
 4 

 (e) call, seek to call, or to request the calling of, a special meeting of the stockholders of
the Company, or seek to make, or make, a shareholder proposal at any meeting of the stockholders of the Company or make a request for a list of the Company’s stockholders (or otherwise induce, encourage or assist any other person to initiate or
pursue such a proposal or request) or otherwise acting alone, or in concert with others, seek to control or influence the governance or policies of the Company; 

(f) effect or seek to effect (including, without limitation, by entering into any discussions, negotiations, agreements or understandings with
any third person), offer or propose (whether publicly or otherwise) to effect, or cause or participate in, or in any way assist, solicit, encourage or facilitate any other person to effect or seek, offer or propose (whether publicly or otherwise) to
effect or cause or participate in (including by tendering or selling into) (i) any acquisition of any material assets or businesses of the Company or any of its subsidiaries, (ii) any transfer or acquisition of shares of Common Stock or
other securities of the Company or any securities of any Affiliate of the Company if, after completion of such transfer or acquisition or proposed transfer or acquisition, a person or group (other than the Shareholder Group and their Affiliates)
would beneficially own, or have the right to acquire beneficial ownership of, more than 5% of the outstanding shares of Common Stock (based on the latest annual or quarterly report of the Company filed with the SEC pursuant to Section 13 or
15(d) of the Exchange Act), provided that open market sales of securities through a broker by the Shareholder Group which are not actually known by the Shareholder Group to result in any transferee acquiring beneficial ownership of more than
5% of the outstanding shares of Common Stock shall not be included in this clause (ii) or constitute a breach of this Section 7, (iii) any tender offer or exchange offer, merger, change of control, acquisition or other business
combination involving the Company or any of its subsidiaries or (iv) any recapitalization, restructuring, liquidation, dissolution or other extraordinary transaction with respect to the Company or any of its subsidiaries (any of the
transactions or events described in (i) through (iv) above are referred to as a “Sale Transaction”), unless such Sale Transaction has been approved by a majority of the Board and has been announced by the Company;
provided, that this paragraph shall not require members of the Shareholder Group or the New Director to vote in favor of a Sale Transaction that was approved by the Board; 

(g) publicly disclose, or cause or facilitate the public disclosure (including, without limitation, the filing of any document or report with
the SEC or any other governmental agency or any disclosure to any journalist, member of the media or securities analyst) of, any intent, purpose, plan or proposal to obtain any waiver, or consent under, or any amendment of, any of the provisions of
Section 6 hereof or this Section 7, or otherwise seek (in any manner that would require public disclosure by any of the members of the Shareholder Group or their Affiliates or Associates) to obtain any waiver, consent under,
or amendment of any provision of this Agreement; 
 (h) disparage the Company or any member of the Board or management of the Company,
provided that this provision shall not apply to compelled testimony, either by legal process, subpoena or otherwise, or to communications that are required by an applicable legal obligation and are subject to contractual provisions providing
for confidential disclosure; 
 (i) engage in any short sale or any purchase, sale or grant of any option, warrant, convertible security,
stock appreciation right or other similar right (including, without limitation, any put or call option or “swap” transaction) with respect to any security (other than a broad-based market basket or index) that includes, relates to or
derives any significant part of its value from a decline in the market price or value of the Company’s securities; 

  
 5 

 (j) enter into any arrangements, understandings or agreements (whether written or oral) with, or
advise, finance, assist or encourage any other person that engages, or offers or proposes to engage, in any of the foregoing; or 
 (k) take
or cause or induce or assist others to take any action inconsistent with any of the foregoing; 
 provided, that, notwithstanding the foregoing, it
is understood and agreed that this Agreement shall not be deemed to prohibit (x) the New Director from engaging in any lawful act in his capacity as a director of the Company that is either expressly approved by the Board or required in order
to comply with his fiduciary duties as a director of the Company or (y) the Shareholder Group from making public statements, engaging in discussions with other shareholders, soliciting proxies or voting any shares or proxies with respect to any
Sale Transaction that has been approved by a majority of the Board and has been announced by the Company. 
 8. Support. During the
Standstill Period, the New Director, in his capacity as a director of the Company, will use reasonable efforts to support, at the Company’s sole cost and expense, the Company’s slate of directors in a manner generally consistent with the
support provided by the other directors of the Company, provided that such slate of directors is consistent with the terms and conditions of this Agreement. 

9. Policies. By the Effective Time, the New Director will have reviewed the Company’s policies, procedures, and guidelines
applicable to members of the Board and agrees to abide by the provisions thereof during his or her service as a director of the Company, including, without limitation, the Company’s Corporate Governance Guidelines, Code of Business Conduct and
Ethics, Director Code of Ethics and Insider Trading Compliance Program. The members of the Shareholder Group acknowledge that they are aware that United States securities law prohibits any person who has material non-public information about a
company from purchasing or selling any securities of such company, or from communicating such information to any other person under circumstances in which it is reasonably foreseeable that such person is likely to purchase or sell such securities.

 10. Compensation. The New Director shall be compensated for his service as a director and shall be reimbursed for his expenses on
the same basis as all other non-employee directors of the Company and shall be eligible to be granted equity-based compensation on the same basis as all other non-employee directors of the Company. 

11. Indemnification and Insurance. The New Director shall be entitled to the same rights of indemnification and directors’ and
officers’ liability insurance coverage as the other non-employee directors of the Company as such rights may exist from time to time. 

12. Non-Disparagement. The Company agrees, prior to the conclusion of the Standstill Period, that it shall not disparage any member of
the Shareholder Group, any member of the management of the Shareholder Group, or the New Director, provided that this provision shall not apply to compelled testimony, either by legal process, subpoena or otherwise, or to communications that
are required by an applicable legal obligation or are subject to contractual provisions providing for confidential disclosure. 
 13.
Press Release / Form 8-K. On or promptly after the date hereof, the Company shall issue a press release reasonably satisfactory to the Company and the Shareholder Group, which press release shall announce the appointment of the New Director.
The Company shall also provide to the Shareholder Group a reasonable opportunity to review and comment on any Form 8-K with respect to the execution and delivery of this Agreement by the parties hereto in advance of its filing, and shall consider in
good 

  
 6 

 
faith the reasonable and timely comments of the Shareholder Group. No member of the Shareholder Group shall make (and they will cause their Affiliates and Associates not to make) any public
statements with respect to the matters covered by this Agreement (including in any filing with the SEC, any other regulatory or governmental agency, or any stock exchange, or in any materials that would reasonably be expected to be filed with the
SEC, including pursuant to Exchange Act Rules 14a-6 or 14a-12) that are inconsistent with, or otherwise contrary to, this Agreement or the statements in any above described press release or Form 8-K filing. 

14. Expenses. Within two business days of the date hereof, the Company shall reimburse the Shareholder Group for the documented
out-of-pocket expenses (up to a maximum of $10,000) incurred by the Shareholder Group in connection with the negotiation and execution of this Agreement and all related activities and matters. Except as provided in the preceding sentence, each cost
or expense incurred in connection with this Agreement shall be paid by the party incurring such cost or expense. 
 15. Specific
Performance. Each party hereto acknowledges and agrees, on behalf of itself and its Affiliates, that irreparable harm would occur in the event any of the provisions of this Agreement were not performed in accordance with their specific terms or
were otherwise breached. It is accordingly agreed that the parties will be entitled to specific relief hereunder, including, without limitation, an injunction or injunctions to prevent and enjoin breaches of the provisions of this Agreement and to
enforce specifically the terms and provisions hereof in any state or federal court located in the State of Delaware, in addition to any other remedy to which they may be entitled at law or in equity. Any requirements for the securing or posting of
any bond with such remedy are hereby waived. 
 16. Jurisdiction. Each party hereto agrees, on behalf of itself and its Affiliates,
that any actions, suits or proceedings arising out of or relating to this Agreement or the transactions contemplated hereby will be brought solely and exclusively in the Court of Chancery of the State of Delaware and any state appellate court
therefrom within the State of Delaware (or, if the Court of Chancery of the State of Delaware declines to accept jurisdiction over a particular matter, any federal court within the State of Delaware) (and the parties agree on behalf of themselves
and their respective Affiliates not to commence any action, suit or proceeding relating thereto except in such courts), and further agrees that service of any process, summons, notice or document by U.S. registered mail to the respective addresses
set forth in Section 20 hereof will be effective service of process for any such action, suit or proceeding brought against any party in any such court. Each party, on behalf of itself and its Affiliates, agrees and consents to the
personal jurisdiction of the state and federal courts located in the State of Delaware, and irrevocably and unconditionally waives any objection to the laying of venue of any action, suit or proceeding arising out of this Agreement or the
transactions contemplated hereby, in the state or federal courts located in the State of Delaware, and hereby further irrevocably and unconditionally waives and agrees not to plead or claim in any such court that any such action, suit or proceeding
brought in any such court has been brought in an improper or inconvenient forum. 
 17. Applicable Law. This Agreement shall be
governed in all respects, including validity, interpretation and effect, by the laws of the State of Delaware applicable to contracts executed and to be performed wholly within such state, without giving effect to the choice of law principles of
such state. Each party hereto agrees to irrevocably waive any right to trial by jury. 
 18. Counterparts; Facsimile or Electronic
Signatures. This Agreement may be executed in two or more counterparts which together shall constitute a single agreement. Facsimile or electronic (i.e., PDF) signatures shall be as effective as original signatures. 

  
 7 

 19. Entire Agreement; Amendment and Waiver; Successors and Assigns. This Agreement
contains the entire understanding of the parties hereto with respect to, and supersedes all prior agreements relating to, its subject matter. There are no restrictions, agreements, promises, representations, warranties, covenants or undertakings
between the parties other than those expressly set forth herein. This Agreement may be amended only by a written instrument duly executed by the parties hereto or their respective successors or assigns. No failure on the part of any party to
exercise, and no delay in exercising, any right, power or remedy hereunder shall operate as a waiver thereof, nor shall any single or partial exercise of such right, power or remedy by such party preclude any other or further exercise thereof or the
exercise of any other right, power or remedy. All remedies hereunder are cumulative and are not exclusive of any other remedies provided by law. The terms and conditions of this Agreement shall be binding upon, inure to the benefit of, and be
enforceable by the parties hereto and their respective successors, heirs, executors, legal representatives and assigns. No party hereto may assign or otherwise transfer either this Agreement or any of its rights, interests or obligations hereunder
without the prior written consent of the other parties hereto. Any purported transfer without such consent shall be void. 
 20.
Notices. All notices, consents, requests, instructions, approvals and other communications provided for herein and all legal process in regard hereto shall be in writing and shall be deemed validly given, made or served (a) if given by
facsimile, when such facsimile is transmitted to the facsimile number set forth below, or to such other facsimile number as is provided by a party to this Agreement to the other parties pursuant to notice given in accordance with the provisions of
this Section 20, and the appropriate confirmation is received, or (b) if given by any other means, when actually received during normal business hours at the address specified in this Section 20, or at such other address
as is provided by a party to this Agreement to the other parties pursuant to notice given in accordance with the provisions of this Section 20: 

if to the Company: 

Intevac, Inc. 

3560 Bassett Street 

Santa Clara, California 95054 

Facsimile: (408) 727-5739 

Attention: Chairman of the Board 

with a copy (which shall not constitute notice) to: 

Wilson Sonsini Goodrich & Rosati 

Professional Corporation 

650 Page Mill Road 

Palo Alto, California 94304 

Facsimile: (650) 493-6811 

Attention: Herbert P. Fockler, Esq. 

Attention: Bradley L. Finkelstein, Esq. 

if to the Shareholder Group or any member thereof: 

Becker Drapkin Management, L.P. 

500 Crescent Court 

Suite 230 

Dallas, Texas 75201 

Facsimile: (214) 756-6019 

Attention: Steven R. Becker 

Attention: Matthew A. Drapkin 

  
 8 

 with a copy (which shall not constitute notice) to: 

Boies, Schiller & Flexner LLP 

575 Lexington Avenue, 7th Floor 

New York, New York 10022 

Facsimile: (212) 446-2350 

Attention: Richard J. Birns, Esq. 

21. No Third-Party Beneficiaries. Nothing in this Agreement is intended to confer on any person other than the parties hereto or their
respective successors and assigns, and their respective Affiliates to the extent provided herein, any rights, remedies, obligations or liabilities under or by reason of this Agreement. 

22. Unenforceability. If any provision of this Agreement is held invalid or unenforceable by any court of competent jurisdiction, then
the other provisions of this Agreement shall remain in full force and effect. Any provision of this Agreement held invalid or unenforceable only in part or degree shall remain in full force and effect to the extent not held invalid or unenforceable.
The parties hereto further agree to replace such invalid or unenforceable provision of this Agreement with a valid and enforceable provision that will achieve, to the extent possible, the purposes of such invalid or unenforceable provision. 

23. Construction. Each of the parties hereto acknowledges that it has been represented by counsel of its choice throughout all
negotiations that have preceded the execution of this Agreement, and that it has executed this Agreement with the advice of such counsel. Each party hereto and its counsel cooperated and participated in the drafting and preparation of this
Agreement, and any and all drafts relating thereto exchanged among the parties shall be deemed the work product of all of the parties and may not be construed against any party by reason of its drafting or preparation. Accordingly, any rule of law
or any legal decision that would require interpretation of any ambiguities in this Agreement against any party hereto that drafted or prepared it is of no application and is hereby expressly waived by each of the parties, and any controversy over
interpretations of this Agreement shall be decided without regard to events of drafting or preparation. 
 [Signature page follows]

  
 9 

 IN WITNESS WHEREOF, this Agreement has been duly executed and delivered by the duly authorized
signatories of the parties as of the date first written above. 
  

			
	COMPANY:
	
	INTEVAC, INC.
		
	By:	 	/s/ Jeff Andreson
	Name:	 	Jeff Andreson
	Title:	 	CFO

					
	/s/ Steven R. Becker	 		 	/s/ Matthew A. Drapkin
	STEVEN R. BECKER	 		 	MATTHEW A. DRAPKIN
		 		 	
	BC ADVISORS, LLC	 		 	BECKER DRAPKIN MANAGEMENT, L.P.
		 		 	
		 		 	By: BC Advisors, LLC, its general partner

  

											
	By:	 	/s/ Matthew A. Drapkin	 		 		 	By:	 	/s/ Matthew A. Drapkin
	Name: Matthew A. Drapkin	 		 		 		 	Name: Matthew A. Drapkin
	Title: Partner	 		 		 		 	Title: Partner

  

																	
	BECKER DRAPKIN PARTNERS (QP), L.P.	 		 	BECKER DRAPKIN PARTNERS, L.P.
					
	By: 	 	Becker Drapkin Management, L.P., its general partner	 		 	By: 	 	Becker Drapkin Management, L.P., its general partner
					
		 	By: BC Advisors, LLC, its general partner	 		 		 	By: BC Advisors, LLC, its general partner
									
		 		 	By: 	 	/s/ Matthew A. Drapkin	 		 		 		 	By: 	 	/s/ Matthew A. Drapkin
		 		 		 	Name: Matthew A. Drapkin	 		 		 		 		 	Name: Matthew A. Drapkin
		 		 		 	Title: Partner	 		 		 		 		 	Title: Partner

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