Document:

Form of Note for the Company's 1.800% Notes due February 5, 2018

 Exhibit 4.01 

This Note is a Global Security within the meaning of the Indenture hereinafter referred to and is registered in the name of the Depository
named below or a nominee of the Depository. This Note is not exchangeable for Notes registered in the name of a Person other than the Depository or its nominee except in the limited circumstances described herein and in the Indenture, and no
transfer of this Note (other than a transfer of this Note as a whole by the Depository to a nominee of the Depository or by a nominee of the Depository to the Depository or another nominee of the Depository) may be registered except in the limited
circumstances described herein. 
 Unless this certificate is presented by an authorized representative of The Depository Trust Company, a
New York corporation (the “Depository”), to the Company or its agent for registration of transfer, exchange, or payment, and any certificate issued is registered in the name of Cede & Co. or in such other name as is requested by
an authorized representative of the Depository (and any payment is made to Cede & Co. or to such other entity as is requested by an authorized representative of the Depository), ANY TRANSFER, PLEDGE, OR OTHER USE HEREOF FOR VALUE OR
OTHERWISE BY OR TO ANY PERSON IS WRONGFUL inasmuch as the registered owner hereof, Cede & Co., has an interest herein. 

CITIGROUP INC. 
 1.800%
Notes due February 5, 2018 
  

			
	REGISTERED	  	REGISTERED        
		  	  
 CUSIP:
172967JH5          
 ISIN:
US172967JH59          
 Common Code:
118380274          

		
	No. R-001	  	$500,000,000          

 CITIGROUP INC., a Delaware corporation (the “Company”, which term includes any successor Person
under the Indenture), for value received, hereby promises to pay to Cede & Co., or registered assigns, the principal sum of $500,000,000 on February 5, 2018 and to pay interest thereon from and including February 5, 2015 or from
the most recent Interest Payment Date to which interest has been paid or duly provided for, semi-annually, on February 5 and August 5 of each year, commencing August 5, 2015 at the rate of 1.800% per annum, until the principal
hereof is paid or made available for payment. The interest so payable, and punctually paid or duly provided for, on any Interest Payment Date will, as provided in the Indenture, be paid to the Person in whose name this Note is registered at the
close of business on the Record Date for such interest, which shall be the Business Day immediately preceding such Interest Payment Date. 

 Any such interest not so punctually paid or duly provided for will forthwith cease to be payable
to the holder on such Record Date and may either be paid to the Person in whose name this Note is registered at the close of business on a subsequent Record Date, such subsequent Record Date to be not less than ten days prior to the date of payment
of such defaulted interest, notice whereof shall be given to holders of Notes of this series not less than ten days prior to such subsequent Record Date, or be paid at any time in any other lawful manner not inconsistent with the requirements of any
securities exchange on which the Notes of this series may be listed, and upon such notice as may be required by such exchange, all as more fully provided in the Indenture. 

Interest hereon will be calculated on the basis of a 360-day year comprised of twelve 30-day months. 

If either an Interest Payment Date or the Maturity of the Notes falls on a day that is not a Business Day, such Interest Payment Date or
Maturity will be the next succeeding Business Day, and no further interest will accrue in respect of such postponement. If a date for payment of interest or principal on the Notes falls on a day that is not a business day in the place of payment,
such payment will be made on the next succeeding business day in such place of payment as if made on the date the payment was due. No interest will accrue on any amounts payable for the period from and after the due date for payment of such
principal or interest. For these purposes, “Business Day” means any day which is a day on which commercial banks settle payments and are open for general business in The City of New York. 

Payment of the principal of and interest on this Note will be made at the office or agency of the Trustee maintained for that purpose in The
City of New York. 
 Reference is hereby made to the further provisions of this Note set forth on the reverse hereof, which further
provisions shall for all purposes have the same effect as if set forth at this place. 
 Unless the certificate of authentication hereon
has been executed by the Trustee or by an authenticating agent on behalf of the Trustee by manual signature, this Note shall not be entitled to any benefit under the Indenture or be valid or obligatory for any purpose. 

 IN WITNESS WHEREOF, the Company has caused this instrument to be duly executed under its
corporate seal. 
 Dated: February 5, 2015 
  

					
	CITIGROUP INC.
		
	By:	 	  

		 	Name:	 	Joseph Bonocore
		 	Title:	 	Deputy Treasurer

  

					
	ATTEST:
		
	By:	 	  

		 	Name:	 	
		 	Title:	 	Assistant Secretary

 This is one of the Notes of the series issued under the within-mentioned Indenture. 

Dated: February 5, 2015 
  

					
	THE BANK OF NEW YORK MELLON,
	as Trustee
		
	By:	 	  

		 	Name:	 	
		 	Title:	 	
	
	-or-
	
	 CITIBANK, N.A.,
 as Authenticating
Agent

		
	By:	 	  

		 	Name:	 	
		 	Title:	 	

 This Note is one of a duly authorized issue of Securities of the Company (the “Notes”),
issued and to be issued in one or more series under the Indenture, dated as of November 13, 2013 (as amended and supplemented from time to time, the “Indenture”), between the Company and The Bank of New York Mellon, as Trustee (the
“Trustee”, which term includes any successor trustee under the Indenture), to which Indenture and all indentures supplemental thereto reference is hereby made for a statement of the respective rights, limitations of rights, duties and
immunities thereunder of the Company, the Trustee and the holders of the Notes and of the terms upon which the Notes are, and are to be, authenticated and delivered. This Note is one of the series designated on the face hereof, initially limited in
aggregate principal to $2,000,000,000. 
 If an event of default (as defined in the Indenture) with respect to Notes of this series shall
occur and be continuing, the principal of the Notes of this series may be declared due and payable in the manner and with the effect provided in the Indenture. 

Sections 12.02 and 12.03 of the Indenture containing provisions for defeasance apply to this Note. At any time the entire indebtedness of this
Note may be defeased upon compliance by the Company with certain conditions set forth in Section 12.04 of the Indenture. 
 The
Indenture contains provisions permitting the Company and the Trustee, without the consent of the holders of the Securities, to establish, among other things, the form and terms of any series of Securities issuable thereunder by one or more
supplemental indentures, and, with the consent of the holders of a majority in aggregate principal amount of Securities at the time outstanding which are affected thereby, to modify the Indenture or any supplemental indenture or the rights of the
holders of Securities of such series to be affected, provided that no such modification will (i) extend the fixed maturity of any Securities, reduce the rate or extend the time of payment of interest thereon, reduce the principal amount thereof
or the premium, if any, thereon, reduce the amount of the principal of Original Issue Discount Securities payable on any date, change the currency in which Securities are payable, or impair the right to institute suit for the enforcement of any such
payment on or after the maturity thereof, without the consent of the holder of each Security so affected, or (ii) reduce the aforesaid percentage of Securities of any series the consent of the holders of which is required for any such
modification without the consent of the holders of all Securities of such series then outstanding, or (iii) modify the rights, duties or immunities of the Trustee unless the Trustee agrees to such modification. 

No reference herein to the Indenture and no provision of this Note or of the Indenture shall alter or impair the obligation of the Company,
which is absolute and unconditional, to pay the principal of and interest on this Note at the times, place and rate, and in the coin or currency, herein prescribed. 

This Note is a Global Security registered in the name of a nominee of the Depository. This Note is exchangeable for Notes registered in the
name of a person other than the Depository or its nominee only in the limited circumstances hereinafter described. Unless and until it is exchanged in whole or in part for definitive Notes in certificated form, this Note may not be transferred
except as a whole by the Depository to a nominee of the Depository or by a nominee of the Depository to the Depository or another nominee of the Depository. 

 The Notes represented by this Global Security are exchangeable for definitive Notes in
certificated form of like tenor as such Notes in denominations of $1,000 and whole multiples of $1,000 in excess thereof only if (i) the Depository notifies the Company that it is unwilling or unable to continue as Depository for the Notes and
the Company is unable to appoint a successor depository or (ii) the Depository ceases to be a clearing agency registered under the Securities Exchange Act of 1934, as amended, or (iii) the Company in its sole discretion decides to allow
the Notes to be exchanged for definitive Notes in registered form. Any Notes that are exchangeable pursuant to the preceding sentence are exchangeable for certificated Notes issuable in authorized denominations and registered in such names as the
Depository shall direct. As provided in the Indenture and subject to certain limitations therein set forth, the transfer of definitive Notes in certificated form is registrable in the register maintained by the Company in The City of New York for
such purpose, upon surrender of the definitive Note for registration of transfer at the office or agency of the registrar, duly endorsed by, or accompanied by a written instrument of transfer in form satisfactory to the Company and the registrar
duly executed by, the holder thereof or his attorney duly authorized in writing, and thereupon one or more new Notes of this series and of like tenor, of authorized denominations and for the same aggregate principal amount, will be issued to the
designated transferee or transferees. Subject to the foregoing, this Note is not exchangeable, except for a Global Security or Global Securities of this issue of the same principal amount to be registered in the name of the Depository or its
nominee. 
 No service charge shall be made for any such registration of transfer or exchange, but the Company may require payment of a sum
sufficient to cover any tax or other governmental charge payable in connection therewith. 
 Prior to due presentment of this Note for
registration of transfer, the Company, the Trustee and any agent of the Company or the Trustee may treat the Person in whose name this Note is registered as the owner hereof for all purposes, whether or not this Note be overdue, and neither the
Company, the Trustee nor any such agent shall be affected by notice to the contrary. 
 The Company will pay additional amounts
(“Additional Amounts”) to the beneficial owner of any Note that is a non-United States person in order to ensure that every net payment on such Note will not be less, due to payment of U.S.
withholding tax, than the amount then due and payable. For this purpose, a “net payment” on a Note means a payment by the Company or a paying agent, including payment of principal and interest, after deduction for any present or future
tax, assessment or other governmental charge of the United States. These Additional Amounts will constitute additional interest on the Note. 

The Company will not be required to pay Additional Amounts, however, in any of the circumstances described in items (1) through
(14) below. 
  

	 	(1)	Additional Amounts will not be payable if a payment on a Note is reduced as a result of any tax, assessment or other governmental charge that is imposed or withheld solely by reason of the beneficial owner:

  

	 	(a)	having a relationship with the United States as a citizen, resident or otherwise; 

  

	 	(b)	having had such a relationship in the past or 

  

	 	(c)	being considered as having had such a relationship. 

	 	(2)	Additional Amounts will not be payable if a payment on a Note is reduced as a result of any tax, assessment or other governmental charge that is imposed or withheld solely by reason of the beneficial owner:

  

	 	(a)	being treated as present in or engaged in a trade or business in the United States; 

  

	 	(b)	being treated as having been present in or engaged in a trade or business in the United States in the past or 

  

	 	(c)	having or having had a permanent establishment in the United States. 

  

	 	(3)	Additional Amounts will not be payable if a payment on a Note is reduced as a result of any tax, assessment or other governmental charge that is imposed or withheld in whole or in part by reason of the beneficial owner
being or having been any of the following (as such terms are defined in the Internal Revenue Code of 1986, as amended): 

  

	 	(a)	personal holding company; 

  

	 	(b)	foreign private foundation or other foreign tax-exempt organization; 

  

	 	(c)	passive foreign investment company; 

  

	 	(d)	controlled foreign corporation or 

  

	 	(e)	corporation which has accumulated earnings to avoid United States federal income tax. 

  

	 	(4)	Additional Amounts will not be payable if a payment on a Note is reduced as a result of any tax, assessment or other governmental charge that is imposed or withheld solely by reason of the beneficial owner owning or
having owned, actually or constructively, 10 percent or more of the total combined voting power of all classes of stock of the Company entitled to vote or by reason of the beneficial owner being a bank that has invested in a Note as an extension of
credit in the ordinary course of its trade or business. 

 For purposes of items (1) through (4) above, “beneficial owner”
means a fiduciary, settlor, beneficiary, member or shareholder of the holder if the holder is an estate, trust, partnership, limited liability company, corporation or other entity, or a person holding a power over an estate or trust administered by
a fiduciary holder. 
  

	 	(5)	Additional Amounts will not be payable to any beneficial owner of a Note that is a: 

  

	 	(a)	fiduciary; 

  

	 	(b)	partnership; 

  

	 	(c)	limited liability company or 

  

	 	(d)	other fiscally transparent entity 

 or that is not the sole beneficial owner of the Note, or
any portion of the Note. However, this exception to the obligation to pay Additional Amounts will only apply to the extent that a beneficiary or settlor in relation to the fiduciary, or a beneficial owner or member of the partnership, limited
liability company or other fiscally transparent entity, would not have been entitled to the payment of an Additional Amount had the beneficiary, settlor, beneficial owner or member received directly its beneficial or distributive share of the
payment. 

	 	(6)	Additional Amounts will not be payable if a payment on a Note is reduced as a result of any tax, assessment or other governmental charge that is imposed or withheld solely by reason of the failure of the beneficial
owner or any other person to comply with applicable certification, identification, documentation or other information reporting requirements. This exception to the obligation to pay Additional Amounts will only apply if compliance with such
reporting requirements is required by statute or regulation of the United States or by an applicable income tax treaty to which the United States is a party as a precondition to exemption from such tax, assessment or other governmental charge.

  

	 	(7)	Additional Amounts will not be payable if a payment on a Note is reduced as a result of any tax, assessment or other governmental charge that is collected or imposed by any method other than by withholding from a
payment on a Note by the Company or a paying agent. 

  

	 	(8)	Additional Amounts will not be payable if a payment on a Note is reduced as a result of any tax, assessment or other governmental charge that is imposed or withheld by reason of a change in law, regulation, or
administrative or judicial interpretation that becomes effective more than 15 days after the payment becomes due or is duly provided for, whichever occurs later. 

  

	 	(9)	Additional Amounts will not be payable if a payment on a Note is reduced as a result of any tax, assessment or other governmental charge that is imposed or withheld by reason of the presentation by the beneficial owner
of a Note for payment more than 30 days after the date on which such payment becomes due or is duly provided for, whichever occurs later. 

  

	 	(10)	Additional Amounts will not be payable if a payment on a Note is reduced as a result of any: 

  

	 	(a)	estate tax; 

  

	 	(b)	inheritance tax; 

  

	 	(c)	gift tax; 

  

	 	(d)	sales tax; 

  

	 	(e)	excise tax; 

  

	 	(f)	transfer tax; 

  

	 	(g)	wealth tax; 

  

	 	(h)	personal property tax or 

  

	 	(i)	any similar tax, assessment, withholding, deduction or other governmental charge. 

  

	 	(11)	Additional Amounts will not be payable if a payment on a Note is reduced as a result of any tax, assessment, or other governmental charge required to be withheld by any paying agent from a payment of principal or
interest on a Note if such payment can be made without such withholding by any other paying agent. 

	 	(12)	Additional amounts will not be payable if a payment on a Note is reduced as a result of any tax, assessment or other governmental charge that is required to be made pursuant to any European Union directive on the
taxation of savings income or any law implementing or complying with, or introduced to conform to, any such directive. 

  

	 	(13)	Additional amounts will not be payable if a payment on a Note is reduced as a result of any withholding, deduction, tax, duty assessment or other governmental charge that would not have been imposed but for a failure by
the holder or beneficial owner of a Note (or any financial institution through which the holder or beneficial owner holds the Note or through which payment on the Note is made) to take any action (including entering into an agreement with the
Internal Revenue Service, or a governmental authority of another jurisdiction if the holder is entitled to the benefits of an intergovernmental agreement between that jurisdiction and the United States) or to comply with any applicable
certification, documentation, information or other reporting requirement or agreement concerning accounts maintained by the holder or beneficial owner (or any such financial institution), or concerning ownership of the holder or beneficial owner, or
any substantially similar requirement or agreement. 

  

	 	(14)	Additional Amounts will not be payable if a payment on a Note is reduced as a result of any combination of items (1) through (13) above. 

Except as specifically provided herein, the Company will not be required to make any payment of any tax, assessment or other governmental
charge imposed by any government or a political subdivision or taxing authority of such government. 
 As used in this Note, “United
States person” means: 
  

	 	(a)	any individual who is a citizen or resident of the United States; 

  

	 	(b)	any corporation, partnership or other entity created or organized in or under the laws of the United States; 

  

	 	(c)	any estate if the income of such estate falls within the federal income tax jurisdiction of the United States regardless of the source of such income and 

 

	 	(d)	any trust if (i) a United States court is able to exercise primary supervision over its administration and one or more United States persons have the authority to control all of the substantial decisions of the
trust; or (ii) it has a valid election in effect under applicable United States Treasury regulations to be treated as a United States person. 

Additionally, “non-United States person” means a person who is not a United States person,
and “United States” means the states of the United States of America and the District of Columbia, but excluding its territories and its possessions. 

Except as provided below, the Notes may not be redeemed prior to maturity. 

(1) The Company may, at its option, redeem the Notes if: 
  

	 	(a)	the Company becomes or will become obligated to pay Additional Amounts as described above; 

	 	(b)	the obligation to pay Additional Amounts arises as a result of any change in the laws, regulations or rulings of the United States, or an official position regarding the application or interpretation of such laws,
regulations or rulings, which change is announced or becomes effective on or after January 29, 2015 and 

  

	 	(c)	the Company determines, in its business judgment, that the obligation to pay such Additional Amounts cannot be avoided by the use of reasonable measures available to it, other than substituting the obligor under the
Notes or taking any action that would entail a material cost to the Company. 

  

	 	(2)	The Company may also redeem the Notes, at its option, if: 

  

	 	(a)	any act is taken by a taxing authority of the United States on or after January 29, 2015, whether or not such act is taken in relation to the Company or any affiliate, that results in a substantial probability that
the Company will or may be required to pay Additional Amounts as described above; 

  

	 	(b)	the Company determines, in its business judgment, that the obligation to pay such Additional Amounts cannot be avoided by the use of reasonable measures available to it, other than substituting the obligor under the
Notes or taking any action that would entail a material cost to the Company and 

  

	 	(c)	the Company receives an opinion of independent counsel to the effect that an act taken by a taxing authority of the United States results in a substantial probability that the Company will or may be required to pay the
Additional Amounts described above, and delivers to the Trustee a certificate, signed by a duly authorized officer, stating that based on such opinion the Company is entitled to redeem the Notes pursuant to their terms. 

Any redemption of the Notes as set forth in clauses (1) or (2) above shall be in whole, and not in part, and will be made at a redemption price
equal to 100% of the principal amount of the Notes Outstanding plus accrued interest thereon to the date of redemption. Holders shall be given not less than 30 days nor more than 60 days prior notice by the Trustee of the date fixed for such
redemption. 
 All terms used in this Note which are defined in the Indenture shall have the meanings assigned to them in the Indenture. The
Notes are governed by the laws of the State of New York. 

 Schedule 1 

Redemptions and Amount of Securities 
  

							
	 Date of

partial

redemption
	  	 Aggregate

principal amount
 of
Securities then
 redeemed
	  	 Remaining

principal amount
 of this
Global
 Security
	  	 Authorized SignatureExhibit 10.64

EXECUTION VERSION

	
		
	DATED
	30 December 2014

	Oclaro Technologies Limited

-and-

II-VI Incorporated

-and-

II-VI Holdings B.V.

	SETTLEMENT AGREEMENT

	

	TAYLOR WESSING LLP
5 NEW STREET SQUARE
LONDON
EC4A 3TW

+44 (0)20 7300 7000
+44 (0)20 7300 7100 
DX   41 London

Ref: TSS/IIV3.U1

THIS AGREEMENT is made as of 30 December 2014.
BETWEEN:
		
	(a)
	Oclaro Technologies Limited, a company incorporated under the laws of England and Wales (“Oclaro”);

		
	(b)
	II-VI Incorporated, a Pennsylvania corporation (“II-VI”); and

		
	(c)
	II-VI Holdings B.V., a Netherlands corporation (“II-VI BV”, and together with II-VI, the "II-VI Parties"),

together the “Parties” and each a “Party”.
WHEREAS:
		
	A.
	Oclaro and II-VI BV entered into a Share and Asset Purchase Agreement, dated as of 12 September 2013 (the “SAPA”).  Pursuant to the SAPA, Oclaro sold and transferred, and caused its Affiliates (as such term is defined in the SAPA) to sell and transfer, certain assets of Oclaro (including all outstanding shares of capital stock of Oclaro Switzerland GmbH, a limited liability company formed under the laws of the Swiss Confederation) to II-VI BV and its Affiliates, and II-VI BV assumed certain liabilities of Oclaro and its Affiliates.

		
	B.  
	Pursuant to the SAPA, II-VI BV retained US$6,000,000 of the purchase price payable under the SAPA as an indemnification holdback in respect of Oclaro’s indemnification obligations under the SAPA (the “SAPA Holdback Amount”).

		
	C.
	Pursuant to an Option Agreement by and among Oclaro, the II-VI Parties, Oclaro, Inc., a Delaware corporation, Oclaro (North America) Inc., a Delaware corporation, and Avanex Communication Technologies Co., a company organized under the laws of the People’s Republic of China, dated September 12, 2013 (the “Option Agreement”), Oclaro and II-VI entered into an Asset Purchase Agreement, dated as of 10 October 2013 (the “APA”).  Pursuant to the APA, Oclaro and its Affiliates (as such term is defined in the APA) sold and transferred, and caused its Affiliates to sell and transfer, certain assets of Oclaro to II-VI and its Affiliates, and II-VI assumed certain liabilities of Oclaro.

		
	D.
	Pursuant to the APA, II-VI retained US$4,000,000 of the purchase price payable under the APA as an indemnification holdback in respect of Oclaro’s indemnification obligations under the APA (the “APA Holdback Amount”).

		
	E.
	Pursuant to the SAPA and the APA, the Parties entered into the following agreements: a) Manufacturing Services and Supply Agreement dated as of September 12, 2013; b) Manufacturing Services and Supply Agreement For HPL and VCSEL dated as of September 12, 2013, and amended as of October 21, 2014 (the “MSA Caswell Agreement”); c) Transition Services Agreement dated as of September 12, 2013; d) Manufacturing Services and Supply Agreement (Amplifier) dated as of November 1, 2013; and e) Transition Services Agreement dated as of November 1, 2013 (collectively the “MSA/TSA Agreements”).    

		
	F.
	A dispute has arisen between the II-VI Parties on the one hand and Oclaro on the other hand as to accounts receivable collected by Oclaro on behalf of the II-VI Parties and certain amounts due under the MSA/TSA Agreements (the “First Dispute”).  

		
	G.
	A dispute has arisen between the II-VI Parties on the one hand and Oclaro on the other hand as to (a) alleged inaccuracies in and/or breaches, whether due to fraud or otherwise, of certain representations and warranties (other than the Fundamental Reps and/or SOL Reps, as such terms are defined in the SAPA and APA) given by Oclaro under both the SAPA and the APA (and any certificate delivered in connection therewith, to the extent in respect of such representations and warranties), (b) whether Oclaro is obliged to indemnify II-VI for Damages (as such term is defined in the SAPA and the APA) resulting from such alleged inaccuracies in and/or breaches of such representations and warranties, and (c) the resulting entitlement of the Parties to retention or payment of the SAPA Holdback Amount and the APA Holdback Amount (collectively the “Second Dispute,” and together with the First Dispute, the “Disputes”).

		
	H.
	The Parties engaged in discussions in respect of the Disputes.  On or about October 21, 2014, the Parties agreed to a settlement of the First Dispute (including all claims of any Party or their Related Parties under any of the MSA/TSA Agreements, except with respect to payment obligations for services performed or charges incurred for activities occurring after October 21, 2014 under any of the MSA/TSA Agreements or under the Common Expense Allocation Agreement between certain of the Parties or their affiliates in respect of real property and certain services provided in Shenzhen, China, or under the lease between certain of the Parties or their affiliates in respect of real property in Paignton, England (such payment obligations, the “Retained Claims”), and Oclaro made a payment to II-VI in respect thereof.  

		
	I.
	To avoid further costs and expenditure of resources, the Parties now desire to settle, compromise, and resolve the Disputes on the terms set forth in this Agreement.

NOW IT IS HEREBY AGREED as follows:
		
	1.
	Definitions and Interpretation

In this Agreement, unless the context otherwise requires, the following words and expressions shall have the following meanings:
Oclaro Account means the bank account of Oclaro details of which appear at Annex 1 to this Agreement. 
II-VI Parties' Released Claims means all and/or any actions, claims (including with respect to fraud or otherwise to the maximum extent possible in law), rights, demands and set-offs, whether in this jurisdiction or any other, whether known or unknown to the II-VI Parties or to the law, in law or equity, that the II-VI Parties, the II-VI Parties' Related Parties or any of them ever had, may have or hereafter can, shall or may have against Oclaro or any of Oclaro's Related Parties arising out of or in connection with (a) either of the Disputes (including all claims of any Party under the MSA/TSA Agreements, except for the Retained Claims), (b) the Option Agreement, or (c) any other representation or warranty given under the SAPA or the APA (other than the Fundamental Reps and/or SOL Reps, as such terms are defined in the SAPA and APA) or any certificate delivered in connection therewith, to the extent in respect of such representations or warranties.  
Oclaro's Released Claims means all and/or any actions, claims (including with respect to fraud or otherwise to the maximum extent possible in law), rights, demands and set-offs, whether in this jurisdiction or any other, whether known or unknown to Oclaro or to the law, in law or equity, that Oclaro, Oclaro’s Related Parties or any of them ever had, may have or hereafter can, shall or may have against the II-VI Parties or any of the II-VI Parties' Related Parties arising out of or in connection with (a) either of the Disputes (including all claims of any Party under the MSA/TSA Agreements, except for the Retained Claims), (b) the Option Agreement, or (c) any other representation or warranty given under the SAPA or the APA or any certificate delivered in connection therewith, to the extent in respect of such representations or warranties. 
Related Parties means a Party’s former, current or future parent, subsidiaries, commonly controlled entities, affiliates, franchisees, former or current trustees, assigns, transferees, predecessors and successors in interest, heirs, beneficiaries, insurers, representatives, principals, agents, shareholders, partners, participants, members, joint ventures, officers, directors, managers, associates, or employees.
		
	2.
	Payments, Settlement, Releases and Agreement Not To Sue

		
	2.1
	By 4.30 pm New York time on 6 January 2015, II-VI BV shall pay US$1,410,000 of the SAPA Holdback Amount to the Oclaro Account in immediately available funds.

		
	2.2
	The remaining US$4,590,000 of the SAPA Holdback Amount shall be and is hereby irrevocably and unconditionally released to II-VI BV.

		
	2.3
	By 4.30 pm New York time on 6 January 2015, II-VI shall pay US$940,000 of the APA Holdback Amount to the Oclaro Account in immediately available funds. 

		
	2.4
	The remaining US$3,060,000 of the APA Holdback Amount shall be and is hereby irrevocably and unconditionally released to II-VI.

		
	2.5
	In consideration for the Parties entering into this Agreement and agreeing to the terms hereof:

		
	(a)
	The II-VI Parties hereby fully and finally settle, release and forever discharge the II-VI Parties' Released Claims on their own behalf and on behalf of their Related Parties; and

		
	(b)
	Oclaro hereby fully and finally settles, releases and forever discharges Oclaro's Released Claims on its own behalf and on behalf of its Related Parties; 

		
	2.6
	The II-VI Parties on the one hand and Oclaro on the other agree, on behalf of themselves and on behalf of their Related Parties, not to commence, pursue, aid in any way (except to the extent required by law), prosecute or cause to be commenced or prosecuted against the other Party or its Related Parties any action, suit or other proceeding concerning the II-VI Parties' Released Claims and/or Oclaro's Released Claims, in this jurisdiction or any other.

		
	2.7
	For the avoidance of doubt, this Agreement and the Parties' obligations under it shall not settle, release, discharge or otherwise affect the Parties’ rights, entitlements, duties or responsibilities under the SAPA, the APA, or the MSA/TSA Agreements except those which are the subject of any of (a) either of the Disputes, (b) any other representation or warranty given under the SAPA or the APA (other than the Fundamental Reps and/or SOL Reps, as such terms are defined in the SAPA and APA), or (c) the Option Agreement.

		
	3.
	Warranties and Authority

		
	3.1
	The II-VI Parties each warrants and represents that it has not sold, transferred, assigned or otherwise disposed of its interest in the II-VI Parties' Released Claims.

		
	3.2
	Oclaro warrants and represents that it has not sold, transferred, assigned or otherwise disposed of its interest in Oclaro's Released Claims.

		
	3.3
	Each Party warrants and represents to the others with respect to itself that it has the full right, power and authority to execute, deliver and perform this Agreement on behalf of itself and its Related Parties.

		
	4.
	No Admissions, No Waiver

		
	4.1
	This Agreement, all negotiations with respect to it and steps taken pursuant to it, are not and shall not be construed as, relied upon or deemed to be, admissions or concessions by any of the Parties of any liability or wrongdoing or loss whatsoever, and may not be introduced or admitted by any person as evidence of any such admission or concession.

		
	4.2
	The waiver by one of the Parties of any breach of this Agreement shall not be deemed a waiver of any other prior or subsequent breach of this Agreement. No waiver of any right under this Agreement shall be effective unless it is in writing and signed by the Party waiving such right.

		
	5.
	Invalidity

If any part of this Agreement should be held or deemed to be void, illegal, invalid or unenforceable under any applicable enactment or rule of law, such provision or part shall to that extent be deemed not to form part of this Agreement and the validity, legality and enforceability of the remainder of this Agreement shall not in any way be affected or impaired and shall remain in full force and effect.
		
	6.
	Variation

No variation of this Agreement shall be effective unless in writing and signed by or on behalf of each of the Parties.
		
	7.
	Whole Agreement and Non-Reliance on Representations

		
	7.1
	This Agreement supersedes any previous written or oral agreement between the Parties in relation to the matters dealt with in this Agreement and contains the whole agreement between the Parties relating to the subject matter of this Agreement at the date hereof to the exclusion of any terms implied by law which may be excluded by contract.

		
	7.2
	Each Party acknowledges that this Agreement has not been entered into either wholly or partly in reliance on any statement, promise or representation which is not expressly set out in this Agreement made by or on the behalf of the other Party.

		
	8.
	Co-operation 

The Parties shall deliver or cause to be delivered such instruments and other documents at such times and places as may be reasonably necessary or desirable, and shall take any other action reasonably requested by another Party, for the purpose of putting this Agreement into effect.
		
	9.
	Contracts (Rights of Third Parties) Act 1999

Except as may be necessary for Related Parties to enforce the settlement, release and agreement not to sue in clause 2 of this Agreement, the Parties agree that the terms of this Agreement are not enforceable by any third party under the Contracts (Rights of Third Parties) Act 1999.
		
	10.
	Costs

The Parties shall each bear their own legal costs in relation to the Disputes and this Agreement. 
		
	11.
	Confidentiality

The Parties irrevocably agree to keep the existence of this Agreement, its terms and the negotiations preceding it, confidential, save that a Party may disclose this Agreement or its material terms:
		
	(a)
	where (and only to the extent that) such Party is required to do so by law or by any relevant regulatory authority after providing the other Party with an advance copy of the disclosure at least twenty four (24) hours prior to the disclosure;

		
	(b)
	so far as is necessary for the purpose of implementing and enforcing the terms of this Agreement; 

		
	(c)
	in confidence to such Party's legal and professional advisors, insurers and auditors; or

		
	(d)
	as otherwise agreed in writing by the Parties.

		
	12.
	Counterparts 

This Agreement may be entered into in any number of counterparts, all of which taken together shall constitute one and the same instrument. Either party may enter into this Agreement by executing any such counterpart, and for the purpose of completion, faxed or scanned signatures by the Parties' representatives shall be binding.
		
	13.
	Time of the Essence

Time will be of the essence of this Agreement as regards the time, dates and periods mentioned in this Agreement and as to any time, dates and periods which may by agreement in writing by the Parties be substituted for them.
		
	14.
	Governing Law and Dispute Resolution

		
	14.1
	This Agreement and any non-contractual obligations arising out of or in connection with it shall be governed by and construed in accordance with English law.

		
	14.2
	Each of the Parties irrevocably agree that the courts of England are to have exclusive jurisdiction to settle any disputes which may arise out of or in connection with this Agreement and that accordingly any proceedings arising out of or in connection with this Agreement shall be brought in such courts.

SIGNED by                 )
Francis J. Kramer            )
Authorised Representative        )
for and on behalf of            )
II-VI Incorporated            )
/s/ Francis J. Kramer 
Signature

SIGNED by                 )
TRUST INTERNATIONAL         
MANAGEMENT (T.I.M.) B.V.,        
Managing Director A            )

  By: Mr. Clemens van den Broek     )
        (Attorney-in-Fact A)                /s/ Clemens van den Broek
Signature
        Mr. Marlon Martis             )
        (Attorney-in-Fact A)                /s/ Marlon Martis
Signature

Francis J. Kramer, 
Managing Director B

Authorised Representative        )
for and on behalf of            )
II-VI Holdings B.V.            )        /s/ Francis J. Kramer 
Signature

SIGNED by                 )
James Haynes                )
Authorised Representative        )
for and on behalf of            )
Oclaro Technologies Limited        )        /s/ James Haynes
Signature

	
			
	 
	 

	 
	 

	 
	

	 
	 

ANNEX 1

The Oclaro Account

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