Document:

500,000 Shares
                         Consumer Marketing Corporation

                            Share Purchase Agreement

To _______________:

Please issue shares of your common stock in the amounts and name(s) shown below.
My signature acknowledges that I have read the Prospectus dated ___________,
2000, and am aware of the risk factors contained therein. I represent that I
have relied solely upon the contents of the Prospectus in making an investment
decision with regard to the shares offered thereby, and I have not relied on any
other statements made by or with regard to the Company in connection with its
anticipated operations or financial performance.

The undersigned hereby acknowledges that City National Bank is acting solely as
Escrow Holder in connection with the offering of the Securities described
herein, and makes no recommendation with respect thereto. City National Bank has
made no investigation regarding the offering, the issuer or any other person or
entity involved in the offering.

 -----------------------------          -----------------------------
(Signature)                             (Date)

 -----------------------------          ------------------------------
(Signature)                             (Date)

Enclosed is payment for ________ shares at $________;
Total: $________

Register the shares in the following name(s) and amount(s):
(Please Print)
Name(s):_________________________________________________________

Number of share(s): ________________
As (check one) [ ] Individual [ ] Joint Tenancy [ ] Husband & Wife as community
property[ ] Tenants in Common [ ] Corporation [ ] Trust [ ] Other:

For the person(s) who will be registered shareowners:
Mailing Address:______________________________________________________________
City, State, Zip:___________________________________________
Telephone:_________________________________
Social Security or Taxpayer ID Number(s):_____________________________________

Note: Please attach any instructions for mailing the certificates or shareowner
communications other than to the registered shareowner at this address.

<PAGE>

No Subscription Is Effective Until Acceptance.
Subscription Accepted by  _______________:

----------------------------
Devinder Randhawa, President

Date _____________________<PAGE>

                                                                    EXHIBIT 4.3

================================================================================

                                   STANDSTILL

                                      AND

                         REGISTRATION RIGHTS AGREEMENT

                                    BETWEEN

                      OPTICAL COMMUNICATION PRODUCTS, INC.

                                      AND

                     FURUKAWA ELECTRIC NORTH AMERICA, INC.

                        Dated as of October 26, 2000

================================================================================
<PAGE>

                               TABLE OF CONTENTS

<TABLE>
<S>                                                                                            <C>
ARTICLE 1 REGISTRATION RIGHTS                                                                    1
  Section 1. 1                     Certain Definitions                                           1
  Section 1. 2                     Piggyback Registrations.                                      2
  Section 1. 3                     Demand Registrations.                                         2
  Section 1. 4                     Registration Procedures                                       4
  Section 1. 5                     Expenses of Registration                                      5
  Section 1. 6                     Underwritten Registrations.                                   5
  Section 1. 7                     Rule 144 Requirements; Termination of Registration Rights.    5
  Section 1. 8                     Actions by Holders.                                           6
  Section 1. 9                     Prospectus Delivery Requirement                               6
  Section 1. 10                    Other Registration Rights                                     6
  Section 1. 11                    Standstill                                                    7
  Section 1. 12                    Listing Application                                           7
  Section 1. 13                    Damages; Injunctive Relief                                    7
  Section 1. 14                    Indemnification.                                              7
  Section 1. 15                    Assignment of Registration Rights                            10

ARTICLE 2 MISCELLANEOUS                                                                         11
  Section 2. 1                     Successors and Assigns                                       11
  Section 2. 2                     Governing Law                                                11
  Section 2. 3                     Counterparts                                                 11
  Section 2. 4                     Titles and Subtitles                                         11
  Section 2. 5                     Notices                                                      11
  Section 2. 6                     Expenses                                                     12
  Section 2. 7                     Amendments and Waivers                                       12
  Section 2. 8                     Severability                                                 12
  Section 2. 9                     Aggregation of Stock                                         12
  Section 2. 10                    Entire Agreement; No Waiver                                  12
</TABLE>
<PAGE>

                  STANDSTILL AND REGISTRATION RIGHTS AGREEMENT

          STANDSTILL AND REGISTRATION RIGHTS AGREEMENT, dated as of October 26,
2000 (the "Agreement"), by and between Optical Communication Products, Inc., a
Delaware corporation (the "Company"), and Furukawa Electric North America, Inc.
("Furukawa"), a Delaware corporation.

          WHEREAS, Furukawa owns an aggregate of 66,000,000 shares (the
"Furukawa Shares") of Class B Common Stock, par value $.001 per share, of the
Company (the "Class B Common Stock"), which are convertible into an aggregate of
66,000,000 shares of Class A Common Stock, par value $.001 per share, of
the Company (the "Class A Common Stock");

          WHEREAS, Furukawa and the Company desire to enter into this Agreement
to provide Furukawa with the right to register shares of Class A Common Stock
issuable to Furukawa upon the conversion of the shares of Class B Common Stock
owned by Furukawa as of the date hereof; and

          WHEREAS, Furukawa and the Company desire to enter into a standstill
agreement whereby Furukawa shall not to acquire any additional shares of Class A
Common Stock.

          NOW, THEREFORE, in consideration of the mutual promises and covenants
set forth herein, the parties hereto, intending to be legally bound, agree as
follows:

                                   ARTICLE 1

                              REGISTRATION RIGHTS

Section 1.1  Certain Definitions.  As used in this Agreement, the following
             -------------------
terms shall have the respective meanings set forth below:

       (a) "Exchange Act" means the Securities Exchange Act of 1934, as amended,
and the rules and regulations promulgated thereunder.

       (b) "Holder" means the entity which is then the record owner of
Registrable Securities which have not been sold to the public.

       (c) "Registrable Securities" means (i) the shares of Class A Common Stock
issuable to Furukawa upon the conversion of the Furukawa Shares and (ii) any
shares of Class A Common Stock issued or issuable with respect to the Furukawa
Shares (i) by way of a stock dividend or stock split or in connection with a
combination of shares, recapitalization, merger, consolidation or other
reorganization; provided that any such share shall cease to be a Registrable
Security when sold pursuant to a registration statement declared effective under
the Securities Act or sold to the public pursuant to a broker transaction under
Rule 144 promulgated thereunder.
<PAGE>

       (d) "Registration Expenses" means all expenses incurred by the Company in
compliance with Sections 1.2 and 1.3, including, without limitation, all
registration and filing fees, printing expenses, fees and disbursements of
counsel for the Company, blue sky fees and expenses, the expense of any special
audits incident to or required by any such registration and the reasonable fees
and disbursements of a single special counsel for the Holder.

       (e) "SEC" means the United States Securities and Exchange Commission.

       (f) "Securities Act" means the Securities Act of 1933, as amended, and
the rules and regulations promulgated thereunder.

       (g) "Selling Expenses" means all underwriting discounts, selling
commissions and transfer taxes applicable to the sale of securities by the
Holder, in an offering pursuant to this Agreement.

Section 1.2  Piggyback Registrations.
             -----------------------

       (a)   If the Company shall determine to register any of its securities
under the Securities Act, either for its own account or the account of a
security holder or holders exercising their registration rights, other than
pursuant to (i) Section 1.3; (ii) a registration statement relating solely to
employee benefit, stock option or purchase plans, or a transaction pursuant to
Rule 145 promulgated under the Securities Act; or (iii) an offering on any
registration form which does not permit secondary sales or does not include
substantially the same information as would be required to be included in a
registration statement covering the sale of Registrable Securities, the Company
will:

             (i) promptly give to each Holder written notice thereof (which
shall include the number of shares the Company or other security holder proposes
to register and, if known, the name of the proposed underwriter); and

            (ii) use its reasonable best efforts to include in such registration
statement all of the Registrable Securities specified in a written request or
requests made by each Holder within twenty days after receipt of the written
notice from the Company described in Section 1.2(a)(i). If the underwriter
advises the Company that marketing considerations require a limitation on the
number of shares offered pursuant to any registration statement, the shares
sought to be included therein by the Holders shall be reduced pro rata,
including a reduction to zero.

       (b) If any Holder disapproves of the terms of any Company underwriting in
which its shares are to be included under this Section 1.2, it may elect to
withdraw therefrom by written notice to the Company and the underwriter
delivered at least seven days prior to the effective date of the registration
statement.

Section 1.3  Demand Registrations.
             --------------------

      (a)    At any time after the first anniversary of the date of this
Agreement, if the Company receives in writing a request that the Company effect
the registration under the Securities Act of Registrable Securities, of with a
minimum aggregate offering price of

                                      -2-
<PAGE>

$20,000,000 (as determined with reference to the number of shares proposed to be
sold in such registration multiplied by the average closing price, or if no
closing price is available, the mean of the bid and asked prices, over the
fifteen trading days preceding the date of such written demand), the Company
will:

         (i) promptly give written notice of the proposed registration to all
other Holders; and

        (ii) as soon as practicable, prepare and file and use commercially
reasonable efforts to cause to become effective such registration statement as
may be so requested and as would permit or facilitate the sale and distribution
of such portion of the Registrable Securities as is specified in such request,
together with such additional portion of the Registrable Securities of any
Holder(s) joining in such request as may be specified in a written request given
to the Company within twenty days after receipt of the written notice from the
Company specified in Section 1.3(a)(i).

    (b) If the underwriter managing the offering advises the Holders who have
requested inclusion of their Registrable Securities in such registration
statement that marketing considerations require a limitation on the number of
shares offered, such limitation shall be imposed pro rata among such Holders who
requested inclusion of Registrable Securities in such registration statement
according to the number of shares of Registrable Securities owned by each.
Neither the Company nor any other stockholder may include shares in such
registration statement without the consent of Holders of a majority of the
Registrable Securities included therein if the underwriter managing such
offering advises the Holders who have included Registrable Securities in such
registration statement that the inclusion of such additional shares may either
limit the number of Registrable Securities which can be sold or adversely affect
the price at which such Registrable Securities can be sold.

    (c) Notwithstanding Section 1.3(b), the Company shall have the right,
exercisable by written notice to the initiating Holder(s) within thirty days
after receipt of a request to effect a registration under the Securities Act, to
include the Company's shares in such registration, in which event such
registration shall be deemed to be a Company-initiated registration, and the
Holders shall have the right to include their Registrable Securities and shares
of Class A Common Stock, as the case may be, therein to the extent permitted
under Section 1.2.

    (d) The Company shall not be obligated to effect more than ten registrations
under this Section 1.3. Such registrations shall be on Form S-3 when the Company
is eligible to use that form under SEC rules, but otherwise may be on Form S-1.
No registration statement initiated by Holders hereunder shall count as a
registration under this Section 1.3 unless and until it shall have been declared
effective. Any registration requested under this Section 1.3 which shall not
become effective solely by reason of the refusal of the Holders participating
therein to proceed with the registration shall count as a registration effected
under this Section 1.3 unless and until the Company shall have been reimbursed
for the Registration Expenses incurred by it in connection therewith.

                                      -3-
<PAGE>

Section 1.4  Registration Procedures.  In the case of each registration
             -----------------------
statement filed by the Company pursuant to this Agreement, the Company will, at
its expense, do the following for the benefit of the Holders:

       (a)   use its reasonable best efforts to keep such registration statement
effective for a period of 180 days or until the Holders have completed the
distribution described in the registration statement relating thereto, or such
shorter period of time as is specified by Rule 174 promulgated under the
Securities Act, whichever first occurs, and amend or supplement such
registration statement and the prospectus contained therein from time to time to
the extent necessary to comply with the Securities Act and applicable state
securities laws and notify each Holder, promptly after it receives notice
thereof, of the time when such registration statement becomes effective;

       (b)   cause all such securities to be sold by the Holders to be listed on
each securities exchange on which similar securities issued by the Company are
then listed and use its reasonable best efforts to register or qualify the
securities to be sold by the Holders under such registration under the
applicable securities or "blue sky" laws of such jurisdictions as the
underwriter of such offering shall reasonably deem necessary in order to ensure
a successful offering; provided, that the Company shall not be obligated to
qualify to do business in any jurisdiction where it is not then so qualified or
otherwise required to be so qualified or to take any action which would subject
it to the service of process in suits other than those arising out of such
registration;

       (c)   furnish such number of prospectuses, including a preliminary
prospectus, in conformity with the requirements of the Securities Act, and such
other documents incident thereto, including without limitation, copies of all
registration statements and amendments or supplements thereto, if any, as the
Holders from time to time may reasonably request in order to facilitate the
disposition of Registrable Securities;

       (d)   furnish a cold comfort letter, in customary form, from the
Company's independent accountants;

       (e)   in connection with any underwritten offering pursuant to a
registration statement filed pursuant to Section 1.3, the Company will enter
into an underwriting agreement necessary to effect the offer and sale of the
Registrable Securities, provided such underwriting agreement contains usual and
customary underwriting provisions and is entered into by the Holders and
provided further that if the managing underwriter so requests, the underwriting
agreement will contain customary contribution provisions on the part of the
Company;

       (f)   permit each selling Holder and one counsel for all such selling
Holder to inspect and copy such corporate documents as may be reasonably
requested, subject to receipt of such written confidentiality undertaking as the
Company may reasonably request;

       (g)   advise each selling Holder, promptly after it shall receive notice
or obtains knowledge thereof, of the issuance of any stop order by the SEC
suspending the effectiveness of any registration statement which includes any
securities to be sold by such Holders or the initiation or threatening of any
proceeding for such purpose and shall promptly use all reasonable

                                      -4-
<PAGE>

efforts to prevent the issuance of any stop order or to obtain its withdrawal if
such stop order should be issued; and

       (h)   in connection with the preparation and filing of each registration
statement, permit a selling Holder, its counsel and underwriter to participate
in the preparation of such registration statement (and any amendment or
supplement thereto) and any prospectus included therein or filed with the SEC,
and will give each of them reasonable access to the Company's books and records
and opportunities to discuss the business of the Company with its officers,
counsel and independent public accountants as shall be necessary in the
reasonable opinion of such Holder, to conduct a reasonable investigation, within
the meaning of the Securities Act.

       (i)   will cause representatives of the Company to participate in any
road shows reasonably requested by the Holder of an underwritten offering of
Registrable Securities, the schedule of which road shows will be coordinated
with Company management to ensure that such road shows do not conflict with
material business commitments of Company management.

Section 1.5  Expenses of Registration.  In the event of a registration in which
             ------------------------
securities held by Holders are included under this Agreement, the Company shall
pay all Registration Expenses, but shall not be required to pay or otherwise
assume responsibility for Selling Expenses, which shall be the sole
responsibility of the selling Holders.

Section 1.6  Underwritten Registrations.
             --------------------------

       (a)   The Company shall have the right to select the managing underwriter
or underwriters for any underwritten offering made pursuant to a registration
under Section 1.2. The Holder shall have the right to select the managing
underwriter or underwriters in any registration under Section 1.3, so long as it
is an underwriter of nationally recognized standing in the United States.

       (b)   In connection with any public offering by the Company, the Holders
shall, if requested by the managing underwriter or underwriters thereof, agree
not to sell any of their Registrable Securities or any other securities of the
Company owned or acquired by such Holders in any transaction other than pursuant
to such underwritten offering for a period beginning sixty days prior to the
date the Company and the underwriter reasonably expect the registration
statement to become effective, and for such period not to exceed 90 days as
determined in the good faith judgment of the board of directors of the Company
(or a period not to exceed 180 days if all executive officers and all members of
the board of directors unanimously agree). Such agreement shall be pursuant to
the standard form of lock-up agreement of the managing underwriter or
underwriters of such initial public offering.

       (c)   The Company may delay for a maximum of three months any
underwritten offering pursuant to Section 1.2 or Section 1.3 when, in the good
faith judgment of the board of directors with the benefit of legal advice from
the Company's counsel, a condition or pending transaction exists, the disclosure
of which would reasonably be expected to have a material adverse effect on the
Company.

Section 1.7  Rule 144 Requirements; Termination of Registration Rights.
             ---------------------------------------------------------

                                      -5-
<PAGE>

       (a)    For so long as there are Registrable Securities outstanding, the
Company shall undertake to make publicly available, and available upon request
to the Holders of Registrable Securities, such information as is necessary to
enable Holders to make sales of their stock pursuant to Rule 144. The Company
shall furnish to any such Holder, upon request, a written statement executed by
the Company setting forth the steps it has taken to comply with the current
public information requirements of Rule 144.

       (b)    The rights of a Holder to demand or participate in any
registration effected under this Agreement shall terminate as to such Holder at
such time as such Holder (i) holds less than five percent of the fully diluted
shares of Class A Common Stock, or (ii) the second anniversary date of this
Agreement has occurred and such Holder is eligible to dispose of its shares
pursuant to Rule 144(k), as in effect at such time.

Section 1.8  Actions by Holders.
             ------------------

       (a)    Each Holder included in any registration shall furnish to the
Company such information regarding such Holder and the distribution proposed by
such Holder as the Company may reasonably request in writing and as shall be
reasonably required in connection with any registration, qualification or
compliance referred to in this Agreement.

       (b)    Each Holder participating in any distribution of Registrable
Securities pursuant to this Agreement shall execute and deliver an underwriting
agreement, a custody agreement and such other documents as reasonably requested
by the Company, the managing underwriter or their respective counsel.

       (c)    Each Holder participating in any distribution of Registrable
Securities pursuant to this Agreement shall cooperate in a commercially
reasonable manner with the Company and the managing underwriter.

       (d)    Each Holder participating in any distribution of Registrable
Securities pursuant to this Agreement shall promptly discontinue using any
prospectus upon receipt of notice from the Company that such prospectus contains
or may contain an untrue statement of omission of a material fact required to be
stated therein, in light of the circumstance when made.

Section 1.9   Prospectus Delivery Requirement.  In the event that any Holders
              -------------------------------
propose to distribute any Registrable Securities in a registered offering which
is not underwritten, such Holders severally agree to comply with the prospectus
delivery requirements of the Securities Act with respect to such distribution
and to furnish evidence of such compliance to the extent reasonably requested by
the Company in connection with such distribution.

Section 1.10  Other Registration Rights.  From and after the date of this
              -------------------------
Agreement, the Company shall not enter into any agreement with any holder or
prospective holder of any securities of the Company giving such holder or
prospective holder the right to require the Company to initiate any registration
of any securities of the Company prior to the date on which the Holders may
initiate a registration or to initiate a registration in which the Holders may
not participate in proportion to their stock ownership, provided that this
Section 1.10 shall not limit the right of the Company to enter into any
agreement with any holder or prospective holder of any securities of the Company
giving such holder or prospective holder the right, upon any

                                      -6-
<PAGE>

registration of any of the Company's securities, to include, among the
securities which the Company is then registering, securities owned by such
holder. Any right given by the Company to any holder or prospective holder of
the Company's securities in connection with the registration of securities shall
be conditioned such that it shall be consistent with the rights of the Holders
as provided in this Agreement.

Section 1.11  Standstill.  During a period of 180 days following the date of
              ----------
this Agreement, neither Furukawa nor any of its representatives or affiliates
shall, without the prior consent of the Company's board of directors or any
committee thereof delegated the responsibility for such matters (excluding the
vote or consent of any directors appointed by or on behalf of Furukawa):

        (a)   Acquire, offer to acquire, or agree to acquire, directly or
indirectly, by purchase or otherwise, any voting securities or direct or
indirect rights to acquire any voting securities of the Company or any successor
to the Company, (excluding in any event voting securities the Company indirectly
held through mutual funds and other such passive investment vehicles over which
neither Furukawa nor any of its affiliates or representatives retain any
investment discretion); or

        (b)   Form, join or in any way participate in a "group" as defined in
Section 13(d)(3) of the Exchange Act, in connection with the foregoing.

        For purposes of this Section, (i) "Voting Securities" shall mean, with
respect to the Company, shares of the Class A Common Stock; provided, that for
purposes of this definition any securities which at such time are convertible or
exchangeable into or exercisable for shares of Class A Common Stock of the
Company shall be deemed to have been so converted, exchanged or exercised; and
(ii) "Group" shall mean, with respect to the Voting Securities of the Company,
any group of persons formed for the purpose of acquiring, holding, voting or
disposing of such Voting Securities which would require under Section 13(d) of
the Exchange Act and the rules and regulations thereunder to file a statement on
Schedule 13D with the SEC as a "person" within the meaning of Section 13(d)(3)
of the Exchange Act if such group beneficially owned Voting Securities
representing more than five percent of the total combined voting power of all
such Voting Securities then outstanding.

Section 1.12  Listing Application.  If shares of any class of stock of the
              -------------------
Company shall be listed on a national securities exchange or qualified for
inclusion on any interdealer quotation system, the Company shall, at its
expense, include in its listing application all of the shares of the listed
class then owned by the Holders.

Section 1.13  Damages; Injunctive Relief.  The Company recognizes and agrees
              --------------------------
that the Holders shall not have an adequate remedy if the Company fails to
comply with the provisions of this Agreement, and that damages will not be
readily ascertainable, and the Company expressly agrees that in the event of
such failure damages shall not be an exclusive remedy and the Holders, or any of
them, may seek specific performance of the Company's obligations hereunder.

Section 1.14  Indemnification.
              ---------------

                                      -7-
<PAGE>

              (a) The Company will, and hereby does, agree to indemnify and hold
harmless each Holder whose securities of the Company are included in any
registration statement, each of its officers, directors, agents, employees and
partners, and each person controlling (within the meaning of the Securities Act)
such Holder, with respect to which registration, qualification or compliance has
been effected pursuant to this Agreement, and each underwriter, if any, and each
person who controls such Holder or underwriter within the meaning of the
Securities Act, against all claims, losses, damages, and liabilities (joint or
several) or actions in respect thereof arising out of or based on (i) any untrue
statement (or alleged untrue statement) of a material fact contained in any
registration statement or prospectus (and all amendments and supplements
thereto) 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, in
light of the circumstances when made, not misleading or (ii) any violation by
the Company of the Securities Act or the Exchange Act or the securities laws of
any state or any rule or regulation under the securities laws of any state
applicable to the Company and relating to action or inaction required of the
Company in connection with any such registration, qualification or compliance.
The Company, subject to compliance with the provisions of Section 1.14(c), will
promptly after invoice reimburse each such Holder, each of its officers,
directors, agents, employees and partners, and each person controlling such
Holder, each such underwriter and each person who controls any such underwriter,
for reasonable legal and other out-of-pocket expenses reasonably incurred in
connection with investigating and defending any such claim, loss, damage,
liability or action, whether or not resulting in any liability, 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 alleged untrue statement) or omission (or alleged omission)
in reliance upon and in conformity with written information furnished to the
Company by such Holder or underwriter and stated to be expressly for use therein
and provided further, that in no event shall the Company be liable for the fees
and expenses of more than one law firm (and one firm of local counsel) for all
Holders in connection with any such claim, loss, damage, liability or action.

              (b) Each Holder will, if securities held by such Holder are
included in the securities as to which such registration, qualification or
compliance is being effected, indemnify and hold harmless the Company, each of
its directors, officers, employees and agents and each underwriter, if any, of
the Company's securities covered by such a registration statement, each person
who controls (within the meaning of the Securities Act) the Company or such
underwriter within the meaning of the Securities Act and the rules and
regulations thereunder, each other such Holder and each of their officers,
directors, employees, agents and partners, and each person controlling (within
the meaning of the Securities Act) such other Holder, against all claims,
losses, damages and liabilities (or actions in respect thereof) arising out of
or based on (i) any untrue statement (or alleged untrue statement) of a material
fact contained in any such registration statement or prospectus (and all
amendments and supplements thereto) incident to any such registrations, 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, in light of
the circumstances when made, not misleading, or (ii) any violation by such
Holder of the Securities Act or the Exchange Act or any rule or regulation under
the Securities Act or the Exchange Act or the securities laws of any state
applicable to such Holder, and will promptly reimburse the Company and such
other Holders' directors, officers, employees, agents, partners, persons,

                                      -8-
<PAGE>

underwriters or control persons for any legal or other expenses reasonably
incurred in connection with investigating or defending any such claim, loss,
damage, liability or action, whether or not resulting in liability, in each case
to the extent, but only to the extent, that such untrue statement (or alleged
untrue statement) or omission (or alleged omission) is made in such registration
statement or prospectus in reliance upon and in conformity with written
information furnished to the Company by such Holder and stated to be expressly
for use therein; provided that in no event shall any indemnity under this
paragraph exceed the net proceeds from the offering received by such Holder if
such Holder (x) is not, individually or through its affiliates or controlling
persons, a director, executive officer or beneficial holder of in excess of ten
percent of the outstanding Voting Securities of the Company and (y) had no
knowledge regarding the untruth of any statement (or alleged untrue statement),
or any omission (or alleged omission) upon which any indemnity is sought under
this Section 1.14(b). It is understood and agreed that the indemnity stated in
this Section 1.14(b) is a condition precedent to the Company's obligation to
include securities of the Holder in any registration statement; that the Company
will be relying upon this indemnity as an inducement in doing so; that the
Company may, at its option, require an instrument executed by the Holder and
expressly reaffirming this indemnity as a precondition to proceeding with the
registration of any securities under this Agreement; and that even in the
absence of such instrument, the decision of the Holder to proceed with such
registration shall be deemed a reaffirmation of the provision.

              (d) Each party entitled to indemnification under this Section 1.14
(the "Indemnified Party") shall give notice to the party required to provide
indemnification (the "Indemnifying Party") promptly after such Indemnified Party
has actual knowledge of any claim as to which indemnity may be sought, but the
failure of any Indemnified Party to give such notice shall not relieve the
Indemnifying Party of its obligations under this Agreement (except and to the
extent the Indemnifying Party has been prejudiced as a consequence thereof). The
Indemnified Party will be entitled to participate in, and to the extent that it
may elect by written notice delivered to the Indemnifying Party promptly after
receiving the aforesaid notice from such Indemnifying Party, at its expense to
assume, the defense of any such claim or any litigation resulting therefrom,
with counsel reasonably satisfactory to such Indemnified Party; provided that
the Indemnified Party may participate in such defense at its expense,
notwithstanding the assumption of such of defense by the Indemnifying Party, and
provided, further, that if the defendants in any such action shall include both
the Indemnified Party and the Indemnifying Party, and the Indemnified Party
shall have reasonably concluded that there may be legal defenses available to it
and/or other Indemnified Parties which are different from or additional to those
available to the Indemnifying Party, the Indemnified Party or Parties shall have
the right to select separate counsel to assert such legal defenses and to
otherwise participate (but not control) in the defense of such action on behalf
of such Indemnified Party or Parties and the reasonable fees and expenses of
such counsel shall be paid by the Indemnifying Party unless such different or
additional defenses are determined by a court of competent jurisdiction to be
invalid or such court bases its decision on common defenses, in which cases the
Indemnified Party or Parties shall pay the fees and expenses of such separate
counsel.

              (e) No Indemnifying Party, in the defense of any such claim or
litigation, shall, except with the consent of each Indemnified Party, consent to
entry of any judgment against or enter into any settlement concerning any
Indemnified Party which does not include as an unconditional term thereof the
giving by the claimant or plaintiff to such Indemnified Party of

                                      -9-
<PAGE>

a release from all liability in respect of such claim or litigation. Each
Indemnified Party shall provide such reasonable cooperation and shall furnish
such information regarding itself or the claim in question as an Indemnifying
Party may reasonably request in writing and as shall be reasonably required in
connection with defense of such claim and litigation resulting therefrom. No
Indemnified Party shall have the right to settle, compromise or otherwise make a
statement against interest in connection with any such claim or litigation,
except with the prior written consent of the Indemnifying Party, which consent
shall not be unreasonably withheld.

             (f) If the indemnification provided for in this Section 1.14 is
held by a court of competent jurisdiction to be unavailable to an Indemnified
Party with respect to any losses, claims, damages or liabilities referred to
herein, the Indemnifying Party, in lieu of indemnifying such Indemnified Party
thereunder, shall to the extent permitted by applicable law contribute to the
amount paid or payable by such Indemnified Party as a result of such loss,
claim, damage or liability in such proportion as is appropriate to reflect the
relative fault of the Indemnifying Party on the one hand and of the Indemnified
Party on the other in connection with the violation(s) that resulted in such
loss, claim, damage or liability, as well as any other relevant equitable
considerations. The relative fault of the Indemnifying Party and of the
Indemnified Party shall be determined by a court of law by reference to, among
other things, whether the untrue or alleged untrue statement of a material fact
or the omission to state a material fact relates to information supplied by the
Indemnifying Party or by the Indemnified Party and the parties' relative intent,
knowledge, access to information and opportunity to correct or prevent such
statement or omission; provided that in no event shall any contribution under
this paragraph exceed the net proceeds from the offering received by such Holder
if such Holder (i) is not, individually or through its affiliates or controlling
persons, a director, executive officer or beneficial holder of in excess of ten
percent of the outstanding Voting Securities of the Company and (ii) had no
knowledge regarding the untruth of any statement (or alleged untrue statement),
or any omission (or alleged omission) upon which any contribution is sought
under this Section 1.14.

Section 1.15     Assignment of Registration Rights.  The rights to cause the
                 ---------------------------------
Company to register Registrable Securities pursuant to this Article 1 may be
assigned by Furukawa to a third party; provided, that such transfer shall be
subject to the following:  (A) the transferor shall, within ten days after such
transfer, furnish to the Company written notice of the name and address of such
transferee or assignee and the securities with respect to which such
registration rights are being assigned and (B) such transferee shall agree to be
subject to all restrictions set forth in this Agreement.  Control, for purposes
of this Agreement, is defined as ownership of more than (i) seventy five of the
equity interest in an entity and (ii) seventy five of the voting power on all
matters.

                                     -10-
<PAGE>

                                   ARTICLE 2

                                 MISCELLANEOUS

Section 2.1  Successors and Assigns.  Except as otherwise provided herein, the
             ----------------------
terms and conditions of this Agreement shall inure to the benefit of and be
binding upon the respective successors and assigns of the parties (including
transferees of any shares of Registrable Securities).  Nothing in this
Agreement, express or implied, is intended to confer upon any party other than
the parties hereto or their respective successors and assigns any rights,
remedies, obligations, or liabilities under or by reason of this Agreement,
except as expressly provided in this Agreement.

Section 2.2  Governing Law.  This Agreement shall be governed by and construed
             -------------
under the laws of the State of New York, including Section 5-1401 of the New
York General Obligations Law.

Section 2.3  Counterparts.  This Agreement may be executed in two or more
             ------------
counterparts, each of which shall be deemed an original, but all of which
together shall constitute one and the same instrument.

Section 2.4  Titles and Subtitles.  The titles and subtitles used in this
             --------------------
Agreement are used for convenience only and are not to be considered in
construing or interpreting this Agreement.

Section 2.5  Notices.  All notices and other communications hereunder shall be
             -------
in writing and shall be deemed given if delivered personally, by internationally
recognized delivery service or sent via facsimile (with confirmation of receipt)
to the parties at the address for each party set forth beneath each party's name
as follows (or at such other address for a party as shall be specified by like
notice):

             (i)    if to the Company:
                    -----------------

                    Optical Communication Products, Inc.
                    20961 Knapp Street
                    Chatsworth, California 91311
                    Attn:  Chief Executive Officer
                    Fax:  (818) 701-1468

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

                    Brobeck, Phleger & Harrison LLP
                    550 South Hope Street
                    Los Angeles, California 90071
                    Attn:  Kenneth R. Bender
                    Fax:  (213) 239-1324

                                     -11-
<PAGE>

              (ii)  if to Furukawa:
                    --------------

                    Furukawa Electric North America, Inc.
                    900 Lafayette Street, Suite 506
                    Santa Clara, CA 95050
                    Attn:  President
                    Fax:  (408) 249-3094

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

                    Squire, Sanders & Dempsey L.L.P.
                    One Maritime Plaza, Suite 300
                    San Francisco, CA 94111
                    Attn:  Thomas H. Woofter, Esq./Maureen Bennett, Esq.
                    Fax:  (415) 391-2493

          Notice given by personal delivery or courier service shall be
effective upon actual receipt.  Notice given by telecopier shall be confirmed by
appropriate answer back and shall be effective upon actual receipt if received
during the recipient's normal business hours, or at the beginning of the
recipient's next business day after receipt if not received during the
recipient's normal business hours.  Any party may change any address to which
notice is to be given to it by giving notice as provided above of such change of
address.

Section 2.6  Expenses.  If any action at law or in equity is necessary to
             --------
enforce or interpret the terms of this Agreement, the prevailing party shall be
entitled to reasonable attorneys' fees, costs and necessary disbursements in
addition to any other relief to which such party may be entitled.

Section 2.7  Amendments and Waivers.  Any term of this Agreement may be amended
             ----------------------
and the observance of any term of this Agreement may be waived (either generally
or in a particular instance and either retroactively or prospectively), only
with the written consent of the Company and the Holders of at least a majority
of the Registrable Securities then outstanding.  Any amendment or waiver
effected in accordance with this Section shall be binding upon each Holder of
any Registrable Securities then outstanding, each future holder of all such
Registrable Securities and the Company.

Section 2.8  Severability.  If one or more provisions of this Agreement are held
             ------------
to be unenforceable under applicable law, such provision shall be excluded from
this Agreement and the balance of the Agreement shall be interpreted as if such
provision were so excluded and shall be enforceable in accordance with its
terms.

Section 2.9  Aggregation of Stock.  All shares of Registrable Securities held or
             --------------------
acquired by affiliated entities or persons shall be aggregated together for the
purpose of determining the availability of any rights under this Agreement.

Section 2.10  Entire Agreement; No Waiver.  This Agreement (including the
              ---------------------------
Exhibits hereto, if any) constitutes the full and entire understanding and
agreement between the parties with regard to the subjects hereof.  No course of
dealing between or among the parties hereto or any delay in exercising any
rights hereunder shall operate as a waiver of any rights of any such party.

                                     -12-
<PAGE>

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

                             OPTICAL COMMUNICATION PRODUCTS

                             By:   /s/ Susie L. Nemeti
                                ----------------------------
                             Name:     Susie L. Nemeti
                                  --------------------------
                             Title:  Chief Financial Oficer
                                   -------------------------

                             FURUKAWA ELECTRIC NORTH AMERICA, INC.

                             By:   /s/ Masato Sakamoto
                                ----------------------------
                             Name:     Masato Sakamoto
                                  --------------------------
                             Title:    President
                                   -------------------------

                                     -13-

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