Document:

Document

Exhibit 10.12

			
	ORION OFFICE REIT, INC.
2021 EQUITY INCENTIVE PLAN

RESTRICTED STOCK UNIT GRANT NOTICE
Capitalized terms not specifically defined in this Restricted Stock Unit Grant Notice (the “Grant Notice”) have the meanings given to them in the Orion Office REIT, Inc. 2021 Equity Incentive Plan (as amended from time to time, the “Plan”).
Orion Office REIT, Inc., a Maryland corporation (the “Company”) has granted to the participant listed below (“Participant”) the Restricted Stock Units described in this Grant Notice (the “RSUs”), subject to the terms and conditions of the Plan and the Restricted Stock Unit Agreement attached hereto as Exhibit A (the “Agreement”), both of which are incorporated into this Grant Notice by reference.  
						
	Participant:	
	Grant Date:	
	Number of RSUs:	
	Vesting Commencement Date:	
	Vesting Schedule:	[The RSUs will vest with respect to one-third (1/3rd) of the RSUs granted hereunder on each of the first three (3) anniversaries of the Vesting Commencement Date, subject to Participant’s continued Service Relationship through the applicable vesting date.] 

		

By Participant’s signature below, Participant agrees to be bound by the terms of this Grant Notice, the Plan and the Agreement.  Participant has reviewed the Plan, this Grant Notice and the Agreement in their entirety, has had an opportunity to obtain the advice of counsel prior to executing this Grant Notice and fully understands all provisions of the Plan, this Grant Notice and the Agreement.  Participant hereby agrees to accept as binding, conclusive and final all decisions or interpretations of the Administrator upon any questions arising under the Plan, this Grant Notice or the Agreement.  The Company may in its discretion provide for electronic acceptance of this Grant Notice and/or the Agreement by Participant, and in such event, Participant’s acceptance thereof shall for all purposes constitute Participant’s execution and agreement to be bound by the terms and conditions thereof.    
												
	ORION OFFICE REIT, INC.	PARTICIPANT
	By:		
	Name:		[Participant Name]
	Title:			

Exhibit A

RESTRICTED STOCK UNIT AGREEMENT 
Capitalized terms not specifically defined in this Agreement have the meanings specified in the Grant Notice or, if not defined in the Grant Notice, in the Plan.
Article I.
GENERAL
1.1Award of RSUs and Dividend Equivalent Rights.  
(a)The Company has granted the RSUs to Participant effective as of the grant date set forth in the Grant Notice (the “Grant Date”).  Each RSU represents the right to receive one share of Stock as set forth in this Agreement.  Participant will have no right to the distribution of any shares of Stock until the time (if ever) the RSUs have vested.
(b)The Company hereby grants to Participant, with respect to each RSU, a Dividend Equivalent Right for ordinary cash dividends paid to substantially all holders of outstanding shares of Stock with a record date after the Grant Date and prior to the date the applicable RSU is settled, forfeited or otherwise expires.  Each Dividend Equivalent Right entitles Participant to receive the equivalent value of any such ordinary cash dividends paid on a single Share.  Dividend Equivalent Rights shall not entitle Participant to any payments relating to dividends with a record date that occurs after the earlier of the payment or forfeiture of the RSU underlying such Dividend Equivalent Right.  The Dividend Equivalent Rights and any amounts that may become payable in respect thereof shall be treated separately from the RSUs and the rights arising in connection therewith for purposes of Section 409A of the Code.  Any amounts payable in respect of any Dividend Equivalent Right shall be subject to the same vesting schedule as the RSU to which such Dividend Equivalent Right corresponds and shall be paid within forty-five (45) days following the applicable date on which such Dividend Equivalent Right and corresponding RSU vests, and, in the event that such RSU is forfeited prior to vesting, such Dividend Equivalent Right shall thereupon also be forfeited. 
1.2Incorporation of Terms of Plan.  The RSUs are subject to the terms and conditions set forth in this Agreement and the Plan, which is incorporated herein by reference.  In the event of any inconsistency between the Plan and this Agreement, the terms of the Plan will control.
Article II.
VESTING; FORFEITURE AND SETTLEMENT
1.1Vesting; Forfeiture.
(a)Subject to Section 2.1(d) below, the RSUs will vest according to the vesting schedule in the Grant Notice.  
(b)In addition, the RSUs will become immediately vested: (i) upon termination of a Participant’s Service Relationship (a “Termination of Service”) by the Company without Cause or due to Participant’s resignation for Good Reason. 
(c)In the event of a Participant’s Termination of Service as a result of Participant’s death or Disability, a pro rata portion of Participant’s unvested RSUs shall automatically vest, determined by multiplying the total number of RSUs awarded hereunder by a fraction, the numerator of which is the number of whole months elapsed from the Grant Date until the date of such Termination of Service, and the denominator of which is 36 (reduced by the number of RSUs that had vested prior to such termination date). 
(d)Subject to Section 2.1 (b) and 2.1(c), in the event of Participant’s Termination of Service for any reason, all unvested RSUs will immediately and automatically be cancelled and forfeited, except as otherwise determined by the Administrator or provided in a binding written agreement between Participant and the Company.  

(e)For purposes of this Agreement the following terms will have the meanings set forth in Participant’s employment agreement or offer letter with the Company if such agreement or offer letter exists and contains the applicable definition, and otherwise, shall have the following meanings:
(i)“Cause” means that Participant has: (i) committed, with respect to the Company or any of its affiliates, an act of fraud, embezzlement, misappropriation, intentional misrepresentation or conversion of assets, (ii) been convicted of, or entered a plea of guilty or “nolo contendere” to, a felony (excluding any felony relating to the negligent operation of an automobile), (iii) willfully failed to substantially perform (other than by reason of illness or temporary disability) Participant’s reasonably assigned material duties, (iv) engaged in willful misconduct in the performance of Participant’s duties, (v) engaged in conduct that violated the Company’s then existing written internal policies or procedures that have been provided to Participant in writing prior to such conduct and which is materially detrimental to the business and reputation of the Company, or (vi) materially breached any non-competition, non-disclosure or other agreement in effect between Participant and the Company; provided, however, that with respect to clauses (iii) and (iv), no event shall constitute Cause unless (A) the Company has given Participant written notice of termination setting forth the conduct that is alleged to constitute Cause within thirty (30) days of the first date on which the Company has knowledge of such conduct, and (B) Participant fails to cure such conduct within thirty (30) days following the date on which such notice is provided.
(ii)“Disability” means that Participant is unable to perform Participant’s duties hereunder due to any sickness, injury or disability for a consecutive period of one hundred eighty (180) days or an aggregate of six (6) months in any twelve (12)-consecutive month period.  A determination of “Disability” shall be made by a physician satisfactory to both Participant and the Company, provided that if Participant and the Company do not agree on a physician, Participant and the Company shall each select a physician and these two together shall select a third physician, whose determination as to Disability shall be binding on all parties.  The appointment of one or more individuals to carry out Participant’s offices or duties during a period of your inability to perform such duties and pending a determination of Disability shall not be considered a breach of this Agreement by the Company.
(iii)“Good Reason” means (i) a material reduction in Participant’s base salary or target bonus percentage, (ii) a material reduction in Participant’s title or a material diminution in Participant’s duties, responsibilities or authorities, or (iii) the relocation of Participant’s primary place of employment to a location that is more than 50 miles from the location of the Company’s offices at which Participant is providing service as of the Grant Date; provided that no event will constitute Good Reason unless (A) Participant has given the Company written notice setting forth the conduct of the Company that is alleged to constitute Good Reason, within thirty (30) days of the first date on which Participant has knowledge of such conduct, (B) the Company fails to cure such conduct within thirty (30) days following the date on which such written notice is provided, and (C) the effective date of Participant’s actual termination for Good Reason occurs no later than 60 days after the expiration of such Company cure period.
1.2Settlement.
(a)RSUs will be paid in shares of Stock within forty-five (45) days following the applicable date on which such RSUs vest (either by delivering one or more certificates for such shares of Stock or by entering such shares in book entry form, as determined by the Administrator in its sole discretion), provided that the exact payment date shall be determined by the Company in its sole discretion (and Participant shall not have a right to designate the time of payment).  Notwithstanding the foregoing, the Company may delay any payment under this Agreement that the Company reasonably determines would violate applicable law until the earliest date the Company reasonably determines the making of the payment will not cause such a violation (in accordance with Treasury Regulation Section 1.409A-2(b)(7)(ii)), provided the Company reasonably believes the delay will not result in the imposition of excise taxes under Section 409A.
A-2

Article III.
TAXATION AND TAX WITHHOLDING
1.1Representation.  Participant represents to the Company that Participant has reviewed with Participant’s own tax advisors the tax consequences of this Award and the transactions contemplated by the Grant Notice and this Agreement.  Participant is relying solely on such advisors and not on any statements or representations of the Company or any of its agents.
1.2Tax Withholding.  
(a)The Company has the right and option, but not the obligation, to treat Participant’s failure to provide timely payment in accordance with the Plan of any withholding tax arising in connection with the RSUs or Dividend Equivalent Rights as Participant’s election to satisfy all or any portion of the withholding tax by requesting the Company retain shares of Stock otherwise issuable under the Award.  To the extent that any Federal Insurance Contributions Act tax withholding obligations arise in connection with the RSUs prior to the applicable vesting date, the Administrator shall accelerate the payment of a portion of the award of RSUs sufficient to satisfy (but not in excess of) such tax withholding obligations and any tax withholding obligations associated with any such accelerated payment, and the Administrator shall withhold such amounts in satisfaction of such withholding obligations.
(b)Participant acknowledges that Participant is ultimately liable and responsible for all taxes owed in connection with the RSUs and the Dividend Equivalent Rights, regardless of any action the Company or any Subsidiary takes with respect to any tax withholding obligations that arise in connection with the RSUs or Dividend Equivalent Rights.  Neither the Company nor any Subsidiary makes any representation or undertaking regarding the treatment of any tax withholding in connection with the awarding, vesting or payment of the RSUs or the Dividend Equivalent Rights or the subsequent sale of shares of Stock.  The Company and the Subsidiaries do not commit and are under no obligation to structure the RSUs or Dividend Equivalent Rights to reduce or eliminate Participant’s tax liability.
Article IV.
OTHER PROVISIONS
1.1Adjustments.  Participant acknowledges that the RSUs, the shares of Stock subject to the RSUs and the Dividend Equivalent Rights are subject to adjustment, modification and termination in certain events as provided in this Agreement and the Plan.
1.2Notices.  Any notice to be given under the terms of this Agreement to the Company must be in writing and addressed to the Company in care of the Company’s Secretary at the Company’s principal office or the Secretary’s then-current email address or facsimile number.  Any notice to be given under the terms of this Agreement to Participant must be in writing and addressed to Participant at Participant’s last known mailing address, email address or facsimile number in the Company’s personnel files.  By a notice given pursuant to this Section, either party may designate a different address for notices to be given to that party.  Any notice will be deemed duly given when actually received, when sent by email, when sent by certified mail (return receipt requested) and deposited with postage prepaid in a post office or branch post office regularly maintained by the United States Postal Service, when delivered by a nationally recognized express shipping company or upon receipt of a facsimile transmission confirmation.
1.3Titles.  Titles are provided herein for convenience only and are not to serve as a basis for interpretation or construction of this Agreement.
1.4Conformity to Securities Laws.  Participant acknowledges that the Plan, the Grant Notice and this Agreement are intended to conform to the extent necessary with all applicable law s and, to the extent applicable laws permit, will be deemed amended as necessary to conform to applicable laws.
1.5Successors and Assigns.  The Company may assign any of its rights under this Agreement to single or multiple assignees, and this Agreement will inure to the benefit of the successors and assigns of the Company, including without limitation any acquirer of the Company in a Change in Control or Sale Event.  Subject to the restrictions on transfer set forth in this Agreement or the Plan, this 
A-3

Agreement will be binding upon and inure to the benefit of the heirs, legatees, legal representatives, successors and assigns of the parties hereto.
1.6Limitations Applicable to Section 16 Persons.  Notwithstanding any other provision of the Plan or this Agreement, if Participant is subject to Section 16 of the Exchange Act, the Plan, the Grant Notice, this Agreement, the RSUs and the Dividend Equivalent Rights will be subject to any additional limitations set forth in any applicable exemptive rule under Section 16 of the Exchange Act (including any amendment to Rule 16b-3) that are requirements for the application of such exemptive rule.  To the extent applicable laws permit, this Agreement will be deemed amended as necessary to conform to such applicable exemptive rule.
1.7Entire Agreement.  The Plan, the Grant Notice and this Agreement (including any exhibit hereto) constitute the entire agreement of the parties and supersede in their entirety all prior undertakings and agreements of the Company and Participant with respect to the subject matter hereof.
1.8Agreement Severable.  In the event that any provision of the Grant Notice or this Agreement is held illegal or invalid, the provision will be severable from, and the illegality or invalidity of the provision will not be construed to have any effect on, the remaining provisions of the Grant Notice or this Agreement.
1.9Limitation on Participant’s Rights.  Participation in the Plan confers no rights or interests other than as herein provided.  This Agreement creates only a contractual obligation on the part of the Company as to amounts payable and may not be construed as creating a trust.  Neither the Plan nor any underlying program, in and of itself, has any assets.  Participant will have only the rights of a general unsecured creditor of the Company with respect to amounts credited and benefits payable, if any, with respect to the RSUs and Dividend Equivalent Rights, and rights no greater than the right to receive shares of Stock or cash as a general unsecured creditor with respect to the RSUs and Dividend Equivalent Rights, as and when settled pursuant to the terms of this Agreement.  The RSUs and Dividend Equivalent Rights will at all times prior to settlement represent an unsecured Company obligation payable only from the Company’s general assets
1.10Not a Contract of Employment or Service.  Nothing in the Plan, the Grant Notice or this Agreement confers upon Participant any right to continue in the employ or service of the Company or any Subsidiary or interferes with or restricts in any way the rights of the Company and its Subsidiaries, which rights are hereby expressly reserved, to discharge or terminate the services of Participant at any time for any reason whatsoever, with or without cause, except to the extent expressly provided otherwise in a written agreement between the Company or a Subsidiary and Participant.
1.11Counterparts.  The Grant Notice may be executed in one or more counterparts, including by way of any electronic signature, subject to applicable law, each of which will be deemed an original and all of which together will constitute one instrument.
* * * * *
A-4EX-10.1

 Exhibit 10.1 

EXECUTION VERSION 

AMENDMENT NO. 1 
 TO
AMENDED AND RESTATED CREDIT AGREEMENT 
 This AMENDMENT No. 1 (this “Agreement”), dated as
of December 2, 2021, is made by and between II-VI Incorporated (the “Borrower”), the Lenders party hereto and Bank of America, N.A. (“Bank of America”), as Administrative Agent under the Existing
Credit Agreement (as defined below) (in such capacity, the “Agent”). 
 W I T N E S S E T H: 

WHEREAS, the Borrower, Bank of America, as the Administrative Agent, Swing Line Lender and an L/C Issuer, and the other
Lenders party thereto, are parties to that certain Amended and Restated Credit Agreement, dated as of September 24, 2019 (as amended, restated, supplemented or otherwise modified prior to the date hereof, the “Existing Credit
Agreement”); 
 WHEREAS, the Borrower, the Lenders party hereto (which constitute Required Lenders) and the
Agent have agreed to amend certain provisions of the Existing Credit Agreement as provided herein. 
 NOW, THEREFORE, in
consideration of the premises contained herein and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto agree as follows: 

SECTION 1.   Defined Terms. Capitalized terms used but not defined herein shall have the meanings assigned to
such terms in the Amended Credit Agreement (as defined below). 
 SECTION 2.   Amendment of the Existing Credit
Agreement. Effective on and as of the Amendment Effective Date and subject to satisfaction of the conditions precedent set forth in Section 4 of this Agreement, the Existing Credit Agreement shall be amended to delete the stricken
text (indicated textually in the same manner as the following example: stricken text) and to add the
double-underlined text (indicated textually in the same manner as the following example: double-underlined
text) as set forth in Annex A hereto (the Existing Credit Agreement, as so amended, and as further amended, restated, supplemented, waived or otherwise modified from time to time, the
“Amended Credit Agreement”). 
 SECTION 3.   Representations and Warranties.
The Borrower represents and warrants to the Agent and the Lenders that, as of the date hereof: 

(a)     this Agreement has been duly executed and delivered by the Borrower and constitutes a legal,
valid and binding obligation of the Borrower, enforceable against the Borrower in accordance with its terms, except to the extent that the enforceability thereof may be limited by applicable Debtor Relief Laws or by general principles of equity
(regardless of whether enforceability is considered in a proceeding in equity or at law); 
 (b)    
the execution, delivery and performance by the Borrower of this Agreement, (x) have been duly authorized by all necessary corporate or other organizational action, and (y) do not (i) contravene the terms of the Borrower’s
Organization Documents; (ii) conflict with or result in any breach or contravention of, or the creation of any Lien (other than Liens permitted under Section 7.01 of the Amended Credit Agreement) under or require any payment to be
made under (A) any Contractual Obligation to which the Borrower is a party or affecting the Borrower or the properties of the Borrower or (B) any material order, injunction, writ or decree of any Governmental Authority or any arbitral
award to which the Borrower or its property is subject; or (iii) violate any Law, in the case of clauses (ii) and (iii) above in any manner which could reasonably be expected to have a Material Adverse Effect; 

 (c)     the representations and warranties set forth
herein and the Amended Credit Agreement and the other Loan Documents are true and correct in all material respects (or, if qualified by materiality or reference to Material Adverse Effect, in all respects) on and as of the Amendment Effective Date
after giving effect hereto with the same effect as though made on and as of such date, except to the extent that such representations and warranties specifically refer to an earlier date, in which case they shall be true and correct in all material
respects (or, if qualified by materiality or reference to Material Adverse Effect, in all respects) as of such earlier date; and 

(d)     no Event of Default or Default has occurred and is continuing on and as of the Amendment
Effective Date, or will occur after giving effect to this Amendment. 
 SECTION 4.   Conditions to
Effectiveness of Amendments. The amendments set forth in Section 2 of this Agreement shall become effective on the date (the “Amendment Effective Date”) on which each of the following conditions are satisfied or
waived: 
 (a)     the Agent (or its counsel) shall have received a signed counterpart of this
Agreement from each of the Borrower, the Lenders party hereto (which constitute Required Lenders) and the Agent; and 

(b)     all fees and expenses (including the reasonable fees and expenses of counsel to the Agent)
required to be paid, and all expenses for which invoices have been presented, on or before the Amendment Effective Date, have been paid in full. 

SECTION 5.   Reference to and Effect on the Loan Documents. On and after the Amendment Effective Date, each
reference in the Amended Credit Agreement to “hereunder”, “hereof”, “Agreement”, “this Agreement” or words of like import and each reference in the other Loan Documents to “Credit Agreement”,
“thereunder”, “thereof” or words of like import shall, unless the context otherwise requires, mean and be a reference to the Amended Credit Agreement. The execution, delivery and effectiveness of this Agreement shall not, except
as expressly provided herein, operate as a waiver of any right, power or remedy of any Lender or the Agent under any of the Loan Documents, nor constitute a waiver of any provision of any of the Loan Documents. 

SECTION 6.   Execution in Counterparts. This Agreement may be in the form of an Electronic Record and may be
executed using Electronic Signatures (including, without limitation, facsimile and .pdf) and shall be considered an original, and shall have the same legal effect, validity and enforceability as a paper record. This Agreement may be executed in
as many counterparts as necessary or convenient, including both paper and electronic counterparts, but all such counterparts are one and the same Agreement. For the avoidance of doubt, the authorization under this paragraph may include, without
limitation, use or acceptance by the Agent of a manually signed paper document, amendment, approval, consent, information, notice, certificate, request, statement, disclosure or authorization related to this Agreement (each a
“Communication”) which has been converted into electronic form (such as scanned into PDF format), or an electronically signed Communication converted into another format, for transmission, delivery and/or retention. For purposes of
this Section 6, “Electronic Record” and “Electronic Signature” shall have the meanings assigned to them, respectively, by 15 USC §7006, as it may be amended from time to time. 

SECTION 7.   Amendments; Headings; Severability. This Agreement may not be amended nor may any provision
hereof be waived except as set forth in Section 10.01 of the Amended Credit Agreement. The Section headings used herein are for convenience of reference only, are not part of this Agreement and are not to affect the construction of, or
to be taken into consideration in interpreting this Agreement. Any provision of this Agreement held to be invalid, illegal or unenforceable in any 

  
 2 

 
jurisdiction shall, as to such jurisdiction, be ineffective to the extent of such invalidity, illegality or unenforceability without affecting the validity, legality and enforceability of the
remaining provisions hereof, and the invalidity of a particular provision in a particular jurisdiction shall not invalidate such provision in any other jurisdiction. The parties shall endeavor in good-faith negotiations to replace the invalid,
illegal or unenforceable provisions with valid provisions, the economic effect of which comes as close as possible to that of the invalid, illegal or unenforceable provisions. 

SECTION 8.   Governing Law, Venue, Jury Trial, Etc. THIS AGREEMENT AND ANY CLAIMS, CONTROVERSY, DISPUTE OR
CAUSE OF ACTION (WHETHER IN CONTRACT OR TORT OR OTHERWISE) BASED UPON, ARISING OUT OF OR RELATING TO THIS AGREEMENT AND THE TRANSACTIONS CONTEMPLATED HEREBY SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAW OF THE STATE OF NEW YORK.
THIS AGREEMENT IS SUBJECT TO THE PROVISIONS OF SECTIONS 10.14(b) THROUGH (d) AND 10.16 OF THE AMENDED CREDIT AGREEMENT RELATING TO JURISDICTION, SERVICE OF PROCESS AND WAIVER OF RIGHT TO TRIAL BY JURY, THE PROVISIONS OF
WHICH ARE BY THIS REFERENCE INCORPORATED HEREIN IN FULL. 
 SECTION 9.   No Novation. From and after the
Amendment Effective Date, this Agreement shall constitute a Loan Document for all purposes of the Amended Credit Agreement and the other Loan Documents. The parties hereto expressly acknowledge that this Agreement shall not extinguish the
obligations for the payment of money outstanding under the Existing Credit Agreement or any other Loan Document or discharge or release any Lien or priority of or under any Collateral Document or any other security therefor. Nothing herein contained
shall be construed as a substitution or novation of the obligations outstanding under the Existing Credit Agreement or any other Loan Document or instruments securing the same, which shall remain in full force and effect, except to any extent
modified hereby or by instruments executed concurrently herewith and except to the extent repaid as provided herein. Nothing implied in this Agreement or in any other document contemplated hereby shall be construed as a release or other discharge of
any of the Loan Parties under any Loan Document from any of its obligations and liabilities as a borrower, guarantor or pledgor under any of the Loan Documents. 

SECTION 10.   Reaffirmation. By its signature forth below, the Borrower hereby ratifies and confirms to the
Agent and the Lenders that, after giving effect to this Agreement and the transactions contemplated hereby, each of the Amended Credit Agreement, Security Agreement and each other Loan Document to which the Borrower is a party continues in full
force and effect and is the legal, valid and binding obligation of the Borrower, enforceable against the Borrower in accordance with its terms, except to the extent that the enforceability thereof may be limited by applicable Debtor Relief Laws or
by general principles of equity (regardless of whether enforceability is considered in a proceeding in equity or at law) and the Borrower hereby ratifies and confirms each such Loan Document. In addition, the Borrower reaffirms in all respects the
security interests and Liens granted by the Borrower in and to the Collateral under the terms and conditions of the Collateral Documents to secure the Obligations and agrees that such security interests and Liens remain in full force and effect and
are hereby ratified, reaffirmed and confirmed in all respects. 
 [Signature Pages Follow] 

  
 3 

 IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be executed by their
respective officers thereunto duly authorized, as of the date first above written. 
  

			
	 II-VI INCORPORATED,
 as the
Borrower

		
	  By:  	 	 /s/ Mary Jane Raymond

		 	Name:  Mary Jane Raymond
		 	Title:    Chief Financial Officer and Treasurer

 [Signature Page to Amendment No. 1 to Amended and Restated Credit Agreement]

 
			
	 Acknowledged:
  

BANK OF AMERICA, N.A.,

as Agent

		
	 By:  
	 	 /s/ Eric M. Del Viscio

		 	Name:  Eric M. Del Viscio
		 	Title:    Senior Vice President

  
 [Signature Page
to Amendment No. 1 to Amended and Restated Credit Agreement] 

 
			
	 Agreed to and accepted:
  

BANK OF AMERICA, N.A.,

as a Lender

		
	 By:  
	 	 /s/ Eric M. Del Viscio

		 	Name:  Eric M. Del Viscio
		 	Title:    Senior Vice President

  
 [Signature Page
to Amendment No. 1 to Amended and Restated Credit Agreement] 

 
			
	 Agreed to and accepted:
  

PNC Bank,
 as a
Lender

		
	 By:  
	 	 /s/ Mary Molnar

		 	Name:  Mary Molnar
		 	Title:    Senior Vice President

  
 [Signature Page
to Amendment No. 1 to Amended and Restated Credit Agreement] 

 
			
	 Agreed to and accepted:
  

Citizens Bank, N.A.,
 as a Lender

		
	By:  	 	 /s/ Donald P. Haddad

		 	Name:  Donald P. Haddad
		 	Title:    Senior Vice President

  
 [Signature Page
to Amendment No. 1 to Amended and Restated Credit Agreement] 

 
			
	 Agreed to and accepted:
  

Bank of Montreal,
 as a Lender

		
	By:  	 	 /s/ Michael Kus

		 	Name:  Michael Kus
		 	Title:    Managing Director

  
 [Signature Page
to Amendment No. 1 to Amended and Restated Credit Agreement] 

 
			
	 Agreed to and accepted:
  

TRUIST BANK,
 as a Lender

		
	By:  	 	 /s/ Jason Hembree

		 	Name:  Jason Hembree
		 	Title:    Vice President

  
 [Signature Page
to Amendment No. 1 to Amended and Restated Credit Agreement] 

 
			
	 Agreed to and accepted:
  

TD BANK, N.A.,
 as a Lender

		
	By:  	 	 /s/ Steve Levi

		 	Name:  Steve Levi
		 	Title:    Senior Vice President

  
 [Signature Page
to Amendment No. 1 to Amended and Restated Credit Agreement] 

 
			
	 Agreed to and accepted:
  

FIRST NATIONAL BANK OF PENNSYLVANIA,
 as a Lender

		
	By:  	 	 /s/ Chris Neve

		 	Name:  Chris Neve
		 	Title:    Vice President

  
 [Signature Page
to Amendment No. 1 to Amended and Restated Credit Agreement] 

 
			
	 Agreed to and accepted:
  

Santander Bank NA,
 as a Lender

		
	By:  	 	 /s/ Jennifer Baydian

		 	Name:  Jennifer Baydian
		 	Title:    Senior Vice President

  
 [Signature Page
to Amendment No. 1 to Amended and Restated Credit Agreement] 

 
			
	 Agreed to and accepted:
  

Mizuho Bank, Ltd.,
 as a
Lender

		
	 By:  
	 	 /s/ Tracy Rahn

		 	Name:  Tracy Rahn
		 	Title:    Executive Director

  
 [Signature Page
to Amendment No. 1 to Amended and Restated Credit Agreement] 

 
			
	 Agreed to and accepted:
  

JPMORGAN CHASE BANK, N.A.,
 as a Lender

		
	By:  	 	 /s/ Caitlin Stewart

		 	Name:  Caitlin Stewart
		 	Title:    Executive Director

  
 [Signature Page
to Amendment No. 1 to Amended and Restated Credit Agreement] 

 
			
	 Agreed to and accepted:
  

BANNER BANK,
 as a Lender

		
	By:  	 	 /s/ Thomas Marks

		 	Name:  Thomas Marks
		 	Title:    Vice President

  
 [Signature Page
to Amendment No. 1 to Amended and Restated Credit Agreement] 

 
			
	 Agreed to and accepted:
  

TriState Capital Bank,
 as a Lender

		
	By:  	 	 /s/ Ellen Frank

		 	Name:  Ellen Frank
		 	Title:    Senior Vice President

  
 [Signature Page
to Amendment No. 1 to Amended and Restated Credit Agreement] 

 ANNEX A 

Amended Credit Agreement 

[See attached.] 

EXECUTION VERSION

  
  

DEAL CUSIP: 45173JAF1 
 REVOLVER
CUSIP: 45173JAG9 
 TERM A CUSIP: 45173JAH7 

TERM B CUSIP: 45173JAK0 
 DELAYED DRAW
TERM CUSIP: 45173JAL8 
 AMENDED AND RESTATED CREDIT AGREEMENT 

Dated as of September 24, 2019 

among 
 II-VI INCORPORATED, 

as the Borrower, 
 BANK OF AMERICA,
N.A., 
 as Administrative Agent, Swing Line Lender and an L/C Issuer, 

and 
 THE OTHER LENDERS PARTY
HERETO 
  
  

BANK OF AMERICA, N.A., 
 PNC
CAPITAL MARKETS LLC, 
 BMO CAPITAL MARKETS CORP, CITIZENS BANK, N.A., FIFTH THIRD BANK, 

MUFG BANK, LTD., SUNTRUST ROBINSON HUMPHREY, INC. and 

TD SECURITIES (USA) LLC 
 as Joint
Lead Arrangers and Joint Bookrunners 
 PNC CAPITAL MARKETS LLC, 

BMO CAPITAL MARKETS CORP and CITIZENS BANK, N.A. 

as Co-Syndication Agents 
 FIFTH
THIRD BANK, FIRST NATIONAL BANK OF PENNSYLVANIA, 
 HSBC BANK USA, N.A., SANTANDER BANK, N.A., 

SUNTRUST BANK, MUFG BANK, LTD. and TD BANK, N.A. 

as Co-Documentation Agents 
  

 

 TABLE OF CONTENTS 

 

					
	 	  	PAGE	 
	ARTICLE I.	  

	DEFINITIONS AND ACCOUNTING TERMS	  

		
	 1.01 Defined Terms
	  	 	1	 
	 1.02 Other Interpretive Provisions
	  	 	4647	 
	 1.03 Accounting Terms
	  	 	4748	 
	 1.04 Rounding
	  	 	4849	 
	 1.05 Exchange Rates; Currency Equivalents
	  	 	4849	 
	 1.06 Additional Alternative Currencies
	  	 	4950	 
	 1.07 Change of Currency
	  	 	5051	 
	 1.08 Times of Day
	  	 	5051	 
	 1.09 Letter of Credit Amounts
	  	 	5051	 
	 1.10 Limited Condition Acquisition
	  	 	5051	 
	
	ARTICLE II.	  

	THE COMMITMENTS AND CREDIT EXTENSIONS	  

		
	 2.01 Revolving Loans and Term Loans
	  	 	5153	 
	 2.02 Borrowings, Conversions and Continuations of Loans
	  	 	5254	 
	 2.03 Letters of Credit
	  	 	5456	 
	 2.04 [Reserved]
	  	 	6465	 
	 2.05 Swing Line Loans
	  	 	6465	 
	 2.06 Prepayments
	  	 	6668	 
	 2.07 Termination or Reduction of Commitments
	  	 	7172	 
	 2.08 Repayment of Loans
	  	 	7173	 
	 2.09 Interest
	  	 	7274	 
	 2.10 Fees
	  	 	7374	 
	 2.11 Computation of Interest and Fees
	  	 	7375	 
	 2.12 Evidence of Debt
	  	 	7476	 
	 2.13 Payments Generally; Administrative Agent’s Clawback
	  	 	7576	 
	 2.14 Sharing of Payments by Lenders
	  	 	7778	 
	 2.15 [Reserved]
	  	 	7779	 
	 2.16 Increase in Commitments
	  	 	7779	 
	 2.17 Cash Collateral
	  	 	8183	 
	 2.18 Defaulting Lenders
	  	 	8284	 
	 2.19 Designated Lenders
	  	 	8586	 
	 2.20 Refinancing Facilities
	  	 	8586	 
	
	ARTICLE III.	  

	TAXES, YIELD PROTECTION AND ILLEGALITY	  

		
	 3.01 Taxes
	  	 	8788	 
	 3.02 Illegality
	  	 	9193	 

  
 i 

					
	 3.03 Inability to Determine Rates
	  	 	9294	 
	 3.04 Increased Costs; Reserves on Eurocurrency Rate Loans
	  	 	9395	 
	 3.05 Compensation for Losses
	  	 	9597	 
	 3.06 Mitigation Obligations; Replacement of Lenders
	  	 	9697	 
	 3.07 Successor LIBOR
	  	 	9698	 
	 3.08 Survival
	  	 	9799	 
		
	ARTICLE IV.	  			
	CONDITIONS PRECEDENT TO CREDIT EXTENSIONS	  			
		
	 4.01 Conditions to the Closing Date
	  	 	9799	 
	 4.02 Conditions to all Credit Extensions
	  	 	101102	 
	 4.03 Conditions to Delayed Draw Term A Loans
	  	 	101103	 
		
	ARTICLE V.	  			
	REPRESENTATIONS AND WARRANTIES	  			
		
	 5.01 Existence, Qualification and Power
	  	 	102104	 
	 5.02 Authorization; No Contravention
	  	 	102104	 
	 5.03 Governmental Authorization; Other Consents
	  	 	102104	 
	 5.04 Binding Effect
	  	 	103104	 
	 5.05 Financial Statements; No Material Adverse Effect
	  	 	103104	 
	 5.06 Litigation
	  	 	103105	 
	 5.07 No Default
	  	 	103105	 
	 5.08 Ownership of Property; Liens
	  	 	104105	 
	 5.09 Environmental Compliance
	  	 	104105	 
	 5.10 Insurance
	  	 	104105	 
	 5.11 Taxes
	  	 	104105	 
	 5.12 ERISA Compliance
	  	 	104106	 
	 5.13 Subsidiaries; Equity Interests
	  	 	105106	 
	 5.14 Margin Regulations; Investment Company Act
	  	 	105107	 
	 5.15 Disclosure
	  	 	105107	 
	 5.16 Compliance with Laws
	  	 	106107	 
	 5.17 [Reserved]
	  	 	106107	 
	 5.18 Casualty, Etc
	  	 	106107	 
	 5.19 Solvency
	  	 	106108	 
	 5.20 Intellectual Property; Licenses, Etc
	  	 	106108	 
	 5.21 Labor Matters
	  	 	106108	 
	 5.22 OFAC and Anti-Money Laundering
	  	 	107108	 
	 5.23 Anti-Corruption Laws
	  	 	107108	 
	 5.24 Collateral Documents
	  	 	107108	 
	 5.25 Status as Senior Debt
	  	 	107109	 
	 5.26 EEA Financial Institutions
	  	 	107109	 

  
 ii 

					
	ARTICLE VI.	  			
	AFFIRMATIVE COVENANTS	  			
		
	 6.01 Financial Statements
	  	 	108109	 
	 6.02 Certificates; Other Information
	  	 	108110	 
	 6.03 Notices
	  	 	110112	 
	 6.04 Payment of Obligations
	  	 	110112	 
	 6.05 Preservation of Existence, Etc
	  	 	111112	 
	 6.06 Maintenance of Properties
	  	 	111113	 
	 6.07 Maintenance and Evidence of Insurance
	  	 	111113	 
	 6.08 Compliance with Laws
	  	 	112113	 
	 6.09 Books and Records
	  	 	112114	 
	 6.10 Inspection Rights
	  	 	112114	 
	 6.11 Use of Proceeds
	  	 	113114	 
	 6.12 Compliance with Environmental Laws
	  	 	113114	 
	 6.13 Ratings
	  	 	113115	 
	 6.14 Covenant to Guarantee Obligations
	  	 	113115	 
	 6.15 Covenant to Give Security
	  	 	114115	 
	 6.16 Anti-Money Laundering Laws, Anti-Corruption Laws and Sanctions
	  	 	114116	 
	 6.17 Further Assurances
	  	 	115116	 
	 6.18 [Reserved]
	  	 	115116	 
	 6.19 Post-Closing Obligations
	  	 	115116	 
		
	ARTICLE VII.	  			
	NEGATIVE COVENANTS	  			
		
	 7.01 Liens
	  	 	115117	 
	 7.02 Investments
	  	 	118120	 
	 7.03 Indebtedness
	  	 	120122	 
	 7.04 Fundamental Changes
	  	 	123125	 
	 7.05 Dispositions
	  	 	124126	 
	 7.06 Restricted Payments and Junior Payments
	  	 	126129	 
	 7.07 Change in Nature of Business
	  	 	127129	 
	 7.08 Transactions with Affiliates
	  	 	127129	 
	 7.09 Burdensome Agreements
	  	 	128129	 
	 7.10 Use of Proceeds
	  	 	129132	 
	 7.11 Financial Covenants
	  	 	129132	 
	 7.12 Organization Documents; Fiscal Year; Legal Name, Jurisdiction of Formation and Form of
Entity
	  	 	130132	 
	 7.13 Sale Leasebacks
	  	 	130132	 
	 7.14 Amendments to and Prepayments of Additional Indebtedness
	  	 	130133	 
	 7.15 Unrestricted Subsidiaries
	  	 	131133	 
	 7.16 Sanctions
	  	 	131133	 
	 7.17 Anti-Corruption Laws
	  	 	132133	 

  
 iii 

					
	ARTICLE VIII.	  			
	EVENTS OF DEFAULT AND REMEDIES	  			
		
	 8.01 Events of Default
	  	 	132134	 
	 8.02 Remedies Upon Event of Default
	  	 	134136	 
	 8.03 Application of Funds
	  	 	135137	 
		
	ARTICLE IX.	  			
	ADMINISTRATIVE AGENT	  			
		
	 9.01 Appointment and Authority
	  	 	136138	 
	 9.02 Rights as a Lender
	  	 	137139	 
	 9.03 Exculpatory Provisions
	  	 	137139	 
	 9.04 Reliance by Administrative Agent
	  	 	138140	 
	 9.05 Delegation of Duties
	  	 	138140	 
	 9.06 Resignation of Administrative Agent
	  	 	139141	 
	 9.07 Non-Reliance on Administrative Agent and Other Lenders
	  	 	140142	 
	 9.08 No Other Duties, Etc
	  	 	140142	 
	 9.09 Administrative Agent May File Proofs of Claim; Credit Bidding
	  	 	141143	 
	 9.10 Collateral and Guaranty Matters
	  	 	142144	 
	 9.11 Secured Cash Management Agreements and Secured Swap Contracts
	  	 	143145	 
	 9.12 ERISA Matters
	  	 	143145	 
		
	ARTICLE X.	  			
	MISCELLANEOUS	  			
		
	 10.01 Amendments, Etc
	  	 	144146	 
	 10.02 Notices; Effectiveness; Electronic Communication
	  	 	149151	 
	 10.03 No Waiver; Cumulative Remedies; Enforcement
	  	 	151153	 
	 10.04 Expenses; Indemnity; Damage Waiver
	  	 	152154	 
	 10.05 Payments Set Aside
	  	 	154156	 
	 10.06 Successors and Assigns
	  	 	154156	 
	 10.07 Treatment of Certain Information; Confidentiality
	  	 	161163	 
	 10.08 Right of Setoff
	  	 	162164	 
	 10.09 Interest Rate Limitation
	  	 	162164	 
	 10.10 Counterparts; Integration; Effectiveness
	  	 	163165	 
	 10.11 Survival of Representations and Warranties
	  	 	163165	 
	 10.12 Severability
	  	 	163165	 
	 10.13 Replacement of Lenders
	  	 	163165	 
	 10.14 Governing Law; Jurisdiction; Etc
	  	 	164166	 
	 10.15 [Reserved]
	  	 	165167	 
	 10.16 Waiver of Jury Trial
	  	 	165167	 
	 10.17 No Advisory or Fiduciary Responsibility
	  	 	166168	 
	 10.18 Electronic Execution of Assignments and Certain Other Documents
	  	 	166168	 
	 10.19 USA PATRIOT Act
	  	 	166168	 
	 10.20 Judgment Currency
	  	 	167169	 
	 10.21 Acknowledgement and Consent to Bail-In of EEA Financial Institutions
	  	 	167169	 

  
 iv 

 “Change of Control” means an event or series of events by
which: 
 (a) any “person” or “group” (as such terms are used in Sections 13(d) and 14(d)
of the Securities Exchange Act of 1934, but excluding any employee benefit plan of such person or its subsidiaries, and any person or entity acting in its capacity as trustee, agent or other fiduciary or administrator of any such plan) becomes the
“beneficial owner” (as defined in Rules 13d-3 and 13d-5 under the Securities Exchange Act of 1934, except that a person or group shall be deemed to have “beneficial ownership” of all securities that such person or group has the
right to acquire, whether such right is exercisable immediately or only after the passage of time (such right, an “option right”)), directly or indirectly, of equity securities of the Borrower carrying thirty-five percent
(35%) or more of the voting power of all outstanding equity securities of the Borrower on a fully-diluted basis (and taking into account all such securities that such person or group has the right to acquire pursuant to any option right); 

(b) during any period of twelve (12) consecutive months, a majority of the members of the board of
directors or other equivalent governing body of the Borrower cease to be composed of individuals (i) who were members of that board or equivalent governing body on the first day of such period, (ii) whose election or nomination to that
board or equivalent governing body was approved by individuals referred to in clause (i) above constituting at the time of such election or nomination at least a majority of that board or equivalent governing body or (iii) whose
election or nomination to that board or other equivalent governing body was approved by individuals referred to in clauses (i) and (ii) above constituting at the time of such election or nomination at least a majority of that
board or equivalent governing body; or 
 (c) a “change of control” or any comparable term under,
and as defined in, the 2022 Notes (if the 2022 Notes are then outstanding) shall have occurred. 
 “Class”
shall mean, (a) when used in respect of any Loan or Borrowing, whether such Loan or the Loans comprising such Borrowing are Term A Loans, Delayed Draw Term A Loans, Term B Loans, Revolving Loans, Incremental Term Loans or Incremental Revolving
Increases; and (b) when used in respect of any Commitment, whether such Commitment is in respect of a commitment to make Term A Loans, Delayed Draw Term A Loans, Term B Loans, Revolving Loans, or Incremental Term Loans or Incremental Revolving
Increases. 
 “Closing Date” means the date on which the conditions set forth in Section 4.01
are satisfied or waived in accordance with Section 10.01. For the avoidance of doubt, the Closing Date occurred on September 24, 2019. 

“Code” means the Internal Revenue Code of 1986. 

“Coherent”
 means Coherent, Inc., a Delaware corporation. 
 “Coherent Acquisition” means the direct or indirect acquisition by the Borrower of Coherent and its subsidiaries
pursuant to the Coherent Merger Agreement. 
 “Coherent Acquisition Permitted Notes” means the senior unsecured notes to be issued by the Borrower for the
purpose of financing in part the Coherent Acquisition; provided that either (a) the proceeds of such notes shall be held in escrow pending the consummation of the Coherent Acquisition and shall be promptly applied to prepay or redeem all
such notes if the Coherent Acquisition is not consummated (this clause (a), an “Escrow Redemption”) and/or (b) such notes shall contain a “special mandatory redemption” provision which requires all such notes to be prepaid
or redeemed if the  

  
 10 

 
Coherent Acquisition is not consummated (this clause (b), a
“Special Mandatory Redemption”), in each case pursuant to the terms of and by the date specified in the definitive documentation relating to such notes. 

“Coherent
 Merger Agreement” means that certain Agreement and Plan of Merger, dated as of March 25, 2021, by and among Coherent, the Borrower, and Watson Merger Sub Inc., a Delaware corporation (together with all exhibits, annexes, schedules and
other disclosure letters thereto, collectively, as modified, amended, amended and restated, supplemented, consented to, waived or otherwise modified form time to time). 

“Collateral” means a collective reference to all property with respect to which Liens in favor of the
Administrative Agent are purported to be granted pursuant to and in accordance with the Collateral Documents. 

“Collateral Agent” means Bank of America, acting as collateral agent for the Secured Parties, together with
its permitted successors and assigns in such capacity. 
 “Collateral Documents” means a collective
reference to the Security Agreement, the Guaranty Agreement and all other security or pledge agreements or documents as may be executed and delivered by any Loan Party pursuant to the terms of Section 6.14 or Section 6.15 or
any of the Loan Documents. 
 “Commitment” means, as to each Lender, the Revolving Commitment of such
Lender, the Term B Loan Commitment of such Lender, the Term A Loan Commitment of such Lender and/or the Delayed Draw Term A Loan Commitment of such Lender and shall include, as the context requires, any unfunded commitment of such Lender to fund any
portion of an Incremental Term Loan. 
 “Commitment Letter” means that certain Second Amended and Restated
Commitment Letter dated as of December 14, 2018 by and among the Arrangers and the Borrower. 
 “Commodity
Exchange Act” means the Commodity Exchange Act (7 U.S.C. Section 1 et seq.). 

“Company” has the meaning specified in the introductory paragraph hereto. 

“Company Existing Convertible Notes” means (a) the 2036 Notes and (b) the 2033 Notes. 

“Compliance Certificate” means a certificate substantially in the form of Exhibit E. 

“Connection Income Taxes” means Other Connection Taxes that are imposed on or measured by net earnings
(however denominated) or that are franchise Taxes or branch profits Taxes. 
 “Consolidated Current Assets”
shall mean, as of any date of determination, all assets of the Borrower and its Restricted Subsidiaries (other than cash and Cash Equivalents) that would, in accordance with GAAP, be classified on a consolidated balance sheet of the Borrower as
current assets as of such date. 
 “Consolidated Current Liabilities” shall mean, as of any date of
determination, all liabilities (without duplication) of the Borrower and its Restricted Subsidiaries that would, in accordance with GAAP, be classified on a consolidated balance sheet of the Borrower and its Restricted Subsidiaries as current
liabilities as of such date; provided, however, that Consolidated Current Liabilities shall not include (a) current maturities of any long-term Indebtedness, (b) outstanding revolving loans and (c) the current portion of any other
long-term liabilities. 

  
 11 

 “Consolidated Excess Cash Flow Prepayment Date” has the
meaning specified in Section 2.06(b)(iii). 
 “Consolidated Funded Indebtedness” means, as of
any date of determination, for the Borrower and its Restricted Subsidiaries on a consolidated basis, the sum of (a) the outstanding principal amount of all debt for borrowed money (including Obligations hereunder) and all debt evidenced by
bonds, debentures, notes, loan agreements or other similar instruments, (b) all purchase money Indebtedness, (c) without duplication, all obligations (whether direct or contingent) arising under drawn letters of credit (including standby
and commercial), bankers’ acceptances, bank guaranties, surety bonds and similar instruments, (d) all obligations in respect of the deferred purchase price of property or services (other than trade accounts payable in the ordinary course
of business), (e) all Attributable Indebtedness, (f) without duplication, all Guarantees with respect to outstanding Indebtedness of the types specified in clauses (a) through (e) above of Persons other than the
Borrower or any Restricted Subsidiary, and (g) all Indebtedness of the types referred to in clauses (a) through (f) above of any partnership or joint venture (other than a joint venture that is itself a corporation or
limited liability company) in which the Borrower or a Restricted Subsidiary is a general partner or joint venturer, unless such Indebtedness is expressly made non-recourse to the Borrower or such Restricted Subsidiary; provided, that
Consolidated Funded Indebtedness shall exclude any intercompany loans amongst the Borrower and its Restricted Subsidiaries. 

“Consolidated Interest Charges” means, for any period, for the Borrower and its Restricted Subsidiaries on a
consolidated basis, the sum of (a) all interest, premium payments, original issue discount, commissions, debt discount, fees, charges and related expenses of the Borrower and its Restricted Subsidiaries in connection with borrowed money
(including capitalized interest) or in connection with the deferred purchase price of assets, in each case to the extent treated as interest in accordance with GAAP, and (b) the portion of rent expense of the Borrower and its Restricted
Subsidiaries with respect to such period under capital leases that is treated as interest in accordance with GAAP; provided, that, Consolidated Interest Charges shall exclude any interest, premium payments, original issue discount,
commissions, debt discount, fees, charges and related expenses in connection with the Coherent Acquisition Permitted Notes. 

“Consolidated Interest Coverage Ratio” means, as of any date of determination, the ratio of
(a) Consolidated EBITDA for the period of the four (4) prior fiscal quarters ending on (or immediately prior to) such date to (b) Consolidated Interest Charges for such period. 

“Consolidated Net Income” means, for any period, for the Borrower and its Restricted Subsidiaries on a
consolidated basis, the net earnings of the Borrower and its Restricted Subsidiaries (excluding extraordinary gains and extraordinary losses) for that period. 

“Consolidated Secured Indebtedness” means, as of any date of determination, for the Borrower and its
Restricted Subsidiaries on a consolidated basis, all Consolidated Funded Indebtedness secured by Liens. 

“Consolidated Secured Net Leverage Ratio” means, as of any date of determination, the ratio of
(a) Consolidated Secured Indebtedness as of such date minus the unrestricted cash and Cash Equivalents of the Borrower and its Restricted Subsidiaries as determined in accordance with GAAP to (b) Consolidated EBITDA for the
period of the four (4) fiscal quarters most recently
ended; provided that
the Consolidated Secured Net Leverage Ratio shall exclude the “netting” of the cash proceeds of the Coherent Acquisition Permitted Notes and shall exclude any Indebtedness pursuant to the Coherent Acquisition Permitted Notes. 

  
 14 

 “Consolidated Total Net Leverage Ratio” means, as of any
date of determination, the ratio of (a) Consolidated Funded Indebtedness as of such date minus the unrestricted cash and Cash Equivalents of the Borrower and its Restricted Subsidiaries as determined in accordance with GAAP to
(b) Consolidated EBITDA for the period of the four (4) fiscal quarters most recently ended; provided that the Consolidated Total Net Leverage Ratio shall exclude the “netting” of the cash proceeds of the
Coherent Acquisition Permitted Notes and shall exclude any Indebtedness pursuant to the Coherent Acquisition Permitted Notes. 

“Consolidated Working Capital” means, as of any date of determination, Consolidated Current Assets as of such
date minus Consolidated Current Liabilities as of such date; provided that there shall be excluded (a) the effect of reclassification during such period between current assets and long term assets and current liabilities and long term
liabilities (with a corresponding restatement of the prior period to give effect to such reclassification), (b) the effect of any Disposition of any Person, facility or line of business or acquisition of any Person, facility or line of business
during such period, (c) the effect of any fluctuations in the amount of accrued and contingent obligations under any Swap Contract, and (d) the application of purchase or recapitalization accounting. 

“Contractual Obligation” means, as to any Person, any provision of any security issued by such Person or of
any agreement, instrument or other undertaking to which such Person is a party or by which it or any of its property is bound. 

“Control” means the possession, directly or indirectly, of the power to direct or cause the direction of the
management or policies of a Person, whether through the ability to exercise voting power, by contract or otherwise. “Controlling” and “Controlled” have meanings correlative thereto. Without limiting the generality
of the foregoing, a Person shall be deemed to be Controlled by another Person if such other Person possesses, directly or indirectly, power to vote more than twenty-five percent (25%) or more of the securities having ordinary voting power for
the election of directors, managing general partners or the equivalent. 
 “Controlled Account” means each
deposit account and securities account that is subject to an account control agreement and/or blocked account agreement in form and substance reasonably satisfactory to the Administrative Agent and the applicable L/C Issuer. 

“Credit Extension” means each of the following: (a) a Borrowing and (b) an L/C Credit Extension.

 “Cumulative Retained Excess Cash Flow Amount” means, at any date, an amount, not less than zero, equal
to the aggregate sum of the Retained Percentage of Consolidated Excess Cash Flow for all Excess Cash Flow Periods commencing with the Excess Cash Flow Period ending June 30, 2020 (which for the avoidance of doubt, shall not be less than zero
for any single Excess Cash Flow Period). 
 “Debt Issuance” means the issuance by any Loan Party of any
Indebtedness other than Indebtedness permitted under Section 7.03. 
 “Debtor Relief Laws”
means the Bankruptcy Code and all other liquidation, conservatorship, bankruptcy, assignment for the benefit of creditors, moratorium, rearrangement, receivership, insolvency, reorganization, or similar debtor relief Laws of the United States or
other applicable jurisdictions (including any applicable foreign jurisdiction) from time to time in effect and affecting the rights of creditors generally. 

  
 15 

 Borrower or any ERISA Affiliate; or (i) a failure by the Borrower or any ERISA
Affiliate to meet all applicable requirements under the Pension Funding Rules in respect of a Pension Plan, whether or not waived, or the failure by the Borrower or any ERISA Affiliate to make any required contribution to a Multiemployer Plan. 

“Escrow
 Redemption” has the meaning specified in the definition of “Coherent Acquisition Permitted Notes.” 

“EU Bail-In Legislation Schedule” means the EU Bail-In Legislation Schedule published by the Loan Market
Association (or any successor person), as in effect from time to time. 
 “Euro” and
“€” mean the single currency of the Participating Member States. 
 “Eurocurrency
Rate” means: 
 (a) for any Interest Period with respect to a Eurocurrency Rate Loan: 

(i) that is denominated in a LIBOR Quoted Currency, the rate per annum equal to the London Interbank Offered
Rate as administered by ICE Benchmark Administration (or any other Person that takes over the administration of such rate for such currency for a period equal in length to such Interest Period) (“LIBOR”) as published on the
applicable Bloomberg screen page (or such other commercially available source providing such quotations as may be designated by the Administrative Agent from time to time) at approximately 11:00 a.m., London time, two Business Days prior to the
commencement of such Interest Period, for deposits in the relevant currency (for delivery on the first day of such Interest Period) with a term equivalent to such Interest Period; 

(ii) that is denominated in Swedish Krona, the rate per annum equal to the Stockholm Interbank Offered Rate
(“STIBOR”) or a comparable or successor rate, which rate is approved by the Administrative Agent, as published on the applicable Bloomberg screen page (or such other commercially available source providing such quotations as may be
designated by the Administrative Agent from time to time) at approximately 11:00 a.m., Stockholm, Sweden time, two Business Days prior to the commencement of such Interest Period, for deposits in the relevant currency (for delivery on the first day
of such Interest Period) with a term equivalent to such Interest Period; 
 (iii) that is denominated in a
Non-LIBOR Quoted Currency (other than those currencies listed in (i) and (ii) above), the rate per annum designated with respect to such Alternative Currency at the time such Alternative Currency is approved by the Administrative Agent and
the Lenders pursuant to Section 1.06(a); and 
 (b) for any interest rate calculation with
respect to a Base Rate Loan on any date, the rate per annum equal to LIBOR, at or about 11:00 a.m., London time determined two (2) Business Days prior to such date for Dollar deposits with a term of one (1) month commencing that day; 

provided that if the Eurocurrency Rate shall be less than zero, such rate shall be deemed zero for purposes of this
Agreement. 

  
 20 

 and each co-agent or sub-agent appointed by the Administrative Agent from time to time
pursuant to Section 9.05. For purposes of this definition, “Hedge Bank” and “Cash Management Bank” shall only include any Person, only if and for so long as, such Person is an Agent, a Lender or an Affiliate of any
Lender or Agent. 
 “Secured Party Designation Notice” means a notice from any Lender or an Affiliate of a
Lender substantially in the form of Exhibit K. 
 “Secured Swap Contract” means any Swap Contract
between any Loan Party or any Restricted Subsidiary and any Hedge Bank. For the avoidance of doubt, a holder of Obligations in respect of a Secured Swap Contract shall be subject to the provisions of the last paragraph of Section 8.03
and the provisions of Section 9.11. 
 “Security Agreement” means the Security and Pledge
Agreement, dated as of the Closing Date, executed in favor of the Administrative Agent, for the benefit of the Secured Parties, by the Borrower and the other Loan Parties. 

“Solvent” and “Solvency” mean, with respect to any Person on any date of determination, that
on such date (a) the fair value of the property of such Person is greater than the total amount of liabilities, including contingent liabilities, of such Person, which for this purpose shall include rights of contribution in respect of
obligations for which such Person has provided a Guarantee, (b) the present fair saleable value of the assets of such Person is not less than the amount that will be required to pay the probable liability of such Person on its debts as they
become absolute and matured, which for this purpose shall include rights of contribution in respect of obligations for which such Person has provided a Guarantee, (c) such Person does not intend to, and does not believe that it will, incur
debts or liabilities beyond such Person’s ability to pay such debts and liabilities as they mature, (d) such Person is not engaged in business or a transaction, and is not about to engage in business or a transaction, for which such
Person’s property would constitute an unreasonably small capital, and (e) such Person is able to pay its debts and liabilities, contingent obligations and other commitments as they mature in the ordinary course of business. The amount of
contingent liabilities at any time shall be computed as the amount that, in the light of all the facts and circumstances existing at such time, represents the amount that can reasonably be expected to become an actual or matured liability. 

“Solvency Certificate” means a certificate substantially in the form of Exhibit G hereto. 

“Special
 Mandatory Redemption” has the meaning specified in the definition of “Coherent Acquisition Permitted Notes.” 

“Special Notice Currency” means at any time an Alternative Currency, other than the currency of a country
that is a member of the Organization for Economic Cooperation and Development at such time located in North America or Europe. 

“Specified Merger Agreement Representations” means the representations made by or with respect to the Company
and its Subsidiaries in the Merger Agreement as are material to the interests of the Lenders, but only to the extent that the Borrower (or the Borrower’s Affiliates) have the right to terminate the Borrower’s (or such Affiliate’s)
obligations under the Merger Agreement (or to decline to consummate the Finisar Acquisition) as a result of a breach of such representation or warranty. 

“Specified Pro Rata Lenders” means each Term A Lender and/or Revolving Lender other than any such Lender
party to the Existing Credit Agreement whose Commitment remains unchanged as of such date. 

  
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 Subsidiary to permit satisfaction of overdraft or similar obligations or to
secure negative cash balances in local accounts of foreign Restricted Subsidiaries incurred in the ordinary course of business of the Borrower or any Restricted Subsidiary, (C) purchase orders and other agreements entered into with customers of
the Borrower or any Restricted Subsidiary in the ordinary course of business and (D) commodity trading or other brokerage accounts incurred in the ordinary course of business, (ii) Liens encumbering reasonable customary initial deposits
and margin deposits and (iii) Liens on the proceeds of any Indebtedness permitted to be incurred in connection with any transaction permitted hereunder, which proceeds have been deposited into an escrow account or into a segregated account on customary terms to secure such
Indebtedness pending the application of proceeds to finance such transaction; 
 (y) Liens securing
insurance premium financing arrangements; provided, that such Liens only encumber the insurance premiums, policies or dividends with respect to the policies that were financed with the funds advanced under such arrangements; 

(z) Liens on cash or Cash Equivalents arising in connection with the defeasance, discharge or redemption of
Indebtedness; 
 (aa) Liens arising out of conditional sale, title retention, consignment, bailment or
similar arrangements for the purchase, sale or shipment of goods entered into in the ordinary course of business; 

(bb) Liens (i) on cash advances or escrow deposits in favor of the seller of any property to be acquired
by the Borrower or any Restricted Subsidiary to be applied against the purchase price therefor or otherwise in connection with any escrow arrangements with respect thereto or any disposition permitted under Section 7.05 and
(ii) consisting of an agreement to dispose of any property in a disposition permitted under Section 7.05 solely to the extent such disposition, as the case may be, would have been permitted on the date of the creation of such Lien;

 (cc) Liens on securities which are the subject of repurchase agreements referred to in the definition of
“Cash Equivalents” granted under such repurchase agreements in favor of the counterparties thereto; 

(dd) undetermined or inchoate Liens and charges arising or potentially arising under statutory provisions
incidental to current operations which have not at the time been filed or registered in accordance with applicable Law or of which written notice has not been duly given in accordance with applicable Law, or which although filed or registered,
relate to obligations not due or delinquent; 
 (ee) Liens not otherwise permitted by this
Section 7.01 securing obligations in an aggregate principal amount not to exceed $50,000,000 at any one time outstanding; and 

(ff) from and after the Delayed Draw Term A Loan Termination Date, unlimited Liens on property constituting
Collateral securing Indebtedness permitted under Section 7.03 on a junior basis with the Liens securing the Obligations so long as (x) the Consolidated Secured Net Leverage Ratio is equal to or less than the lesser of
(i) 3.25:1.00 or (ii) the Incremental Incurrence Ratio, on a Pro Forma Basis and (y) such Indebtedness is subject to an intercreditor agreement that is reasonably satisfactory to the Administrative Agent. 

  
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 (q) Indebtedness representing deferred compensation to
employees of the Borrower and its Subsidiaries; 
 (r) (i) Indebtedness in respect of guarantees of the
obligations of suppliers, customers and licensees in the ordinary course of business and (ii) Indebtedness incurred in the ordinary course of business in respect of obligations of the Borrower or any Subsidiary to pay the deferred purchase
price of goods or services or progress payments in connection with such goods and services; 
 (s) unfunded
pension fund and other employee benefit plan obligations and liabilities incurred in the ordinary course of business to the extent that the unfunded amounts would not otherwise cause an Event of Default; 

(t) Indebtedness consisting of obligations owing under any dealer, customer or supplier incentive, supply,
license or similar agreements entered into in the ordinary course of business; 
 (u) Indebtedness consisting
of (i) take-or-pay obligations contained in supply arrangements and/or (ii) obligations to reacquire assets or inventory in connection with customer financing arrangements, in each case, in the ordinary course of business; 

(v) Indebtedness of any Restricted Subsidiary that is a Non-U.S. Subsidiary under (i) the Yen Revolving
Credit Agreement (Japan) in a maximum principal amount of Yen 500,000,000 at any time outstanding or (ii) any other local overdraft, working capital, letter of credit or other facility or extension of credit from third parties, in each case
incurred in the ordinary course of business of such Non-U.S. Subsidiary, in an aggregate amount for all such Indebtedness incurred pursuant to this clause (v)(ii) not to exceed $75,000,000 at any time outstanding; provided that, in the
event that any such facility is secured, to the extent deemed necessary or appropriate by the Administrative Agent in its sole discretion, any such secured Indebtedness shall be subject to an intercreditor agreement in form and substance reasonably
acceptable to the Administrative Agent; 
 (w) to the extent constituting Indebtedness, customer deposits and
advance payments received in the ordinary course of business from customers for goods and services purchased in the ordinary course of business; 

(x) [reserved]; 

(y) other Indebtedness in an aggregate principal amount not to exceed $50,000,000 at any time outstanding; and 

(z) the 2033 Notes and the 2036
Notes; and 
 (aa) Indebtedness in respect of the Coherent Acquisition Permitted
Notes. 
 7.04 Fundamental Changes. Merge,
amalgamate, dissolve, liquidate, consolidate with or into another Person, or Dispose of (whether in one transaction or in a series of transactions) all or substantially all of its assets (whether now owned or hereafter acquired) to or in favor of
any Person, except that: 

  
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 such Disposition does not involve a Disposition of receivables other than
receivables owned by or attributable to other property concurrently being disposed of in a Disposition otherwise permitted under this Section 7.05. 

To the extent any Collateral is disposed of as expressly permitted by this Section 7.05 to any Person other than a Loan Party,
such Collateral shall be sold free and clear of the Liens created by the Collateral Documents, and the Administrative Agent or the Collateral Agent, as applicable, shall be authorized to take any actions deemed appropriate in order to effect the
foregoing. 
 7.06 Restricted Payments and Junior Payments. Declare or make, directly or indirectly, any
Restricted Payment or any Junior Payment, or incur any obligation (contingent or otherwise) to do so, except: 

(a) each Restricted Subsidiary may make Restricted Payments to the Borrower, the Guarantors and any other
Person that owns an Equity Interest in such Restricted Subsidiary, ratably according to their respective holdings of the type of Equity Interest in respect of which such Restricted Payment is being made; 

(b) the Borrower and each Subsidiary may declare and make dividend payments or other distributions payable
solely in the common stock or other common Equity Interests of such Person; 
 (c) the Borrower and each
Subsidiary may purchase, redeem or otherwise acquire Equity Interests issued by it with the proceeds received from the substantially concurrent issue of new shares of its common stock or other common Equity Interests; 

(d) the Borrower may make Restricted Payments and Junior Payments in an aggregate amount not to exceed the
Available Amount; so long as both before and after giving effect to such Restricted Payments or Junior Payments, on a Pro Forma Basis, (x) the Consolidated Total Net Leverage Ratio shall be at least 0.50 to 1.00 inside the required Consolidated
Total Net Leverage Ratio set forth in Section 7.11(b) and (y) no Default or Event of Default then exists or would result therefrom; 

(e) to the extent constituting Restricted Payments and/or Junior Payments, the Borrower and the Restricted
Subsidiaries may enter into and consummate the transactions expressly permitted under Section 7.04 and Section 7.08 (other than pursuant to clause (c) of such Section) and may redeem, refinance or otherwise pay or
prepay, or settle any conversion of all or any portion of, the 2022 Notes, the 2033 Notes and the 2036 Notes; and 

(f) the Borrower may make Restricted Payments and Junior Payments (including, without limitation, normal-course
issuer bids) in an aggregate amount during the term of this Agreement not to exceed the sum of (i) $50,000,000 plus (ii) an unlimited amount so long as both before and after giving effect to such Restricted Payment or Junior
Payment, as applicable, pursuant to this Section 7.06(f)(ii), on a Pro Forma Basis, the then applicable Consolidated Total Net Leverage Ratio shall be less than 2.75:1.00; provided that no Default or Event of Default then exists or would
result therefrom. 

(g)
 the Borrower and each Subsidiary may make Restricted Payments and/or Junior Payments to redeem, refinance or otherwise pay or prepay the Coherent Acquisition Permitted Notes in each case as required pursuant to an Escrow Redemption and/or a Special
Mandatory Redemption in accordance with the terms of the Coherent Acquisition Permitted Notes. 

  
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 subleases, licenses, sublicenses, joint venture agreements and other
agreements, in each case entered into in the ordinary course of business; 
 (e) imposed by customary
provisions in partnership agreements, limited liability company organizational governance documents, joint venture agreements and other similar agreements applicable solely to such partnership, limited liability company or joint venture; 

(f) that are assumed in connection with any acquisition of property or the Equity Interests of any Person, so
long as the relevant encumbrance or restriction relates solely to the Person and its subsidiaries (including the Equity Interests of the relevant Person or Persons) and/or property so acquired and was not created in connection with or in
anticipation of such acquisition; 
 (g) set forth in any agreement for any Disposition of any Restricted
Subsidiary (or all or substantially all of the property and/or assets thereof) that restricts the payment of dividends or other distributions or the making of cash loans or advances by such Restricted Subsidiary pending such Disposition; 

(h) set forth in agreements or instruments which prohibit the payment of dividends or the making of other
distributions with respect to any class of Equity Interests of a Person other than on a pro rata basis; 

(i) set forth in documents which exist on the Closing Date and were not created in contemplation thereof and
which are set forth on Schedule 7.09; 
 (j) on cash, other deposits or net worth or similar
restrictions imposed by Persons under contracts entered into in the ordinary course of business or for whose benefit such cash, other deposits or net worth or similar restrictions exist; 

(k) arising in any Swap Contract and/or any agreement relating to any Swap Obligation or obligations of the
type referred to in Section 7.03(d); 
 (l) arising pursuant to an agreement or instrument
relating to any Indebtedness permitted to be incurred hereunder if the relevant restrictions, taken as a whole, are not materially less favorable to the Lenders than the restrictions contained in this Agreement, taken as a whole (as determined in
good faith by the Borrower); 
 (m) relating to any asset (or all of the assets) of and/or the Equity
Interests of any Restricted Subsidiary which are imposed pursuant to an agreement entered into in connection with any Disposition of such asset (or assets) and/or all or a portion of the Equity Interests of the relevant Person that is permitted or
not restricted by this Agreement; 
 (n) set forth in any agreement relating to any Permitted Lien that
limits the right of the Borrower or any Restricted Subsidiary to Dispose of or encumber the assets subject thereto; and 
 (o) imposed by any amendments, modifications, restatements,
renewals, increases, supplements, refundings, replacements or refinancings of the contracts, instruments or obligations referred to in clauses (a) through (n) above; provided that such amendments, modifications,
restatements, renewals, increases, supplements, refundings, replacements or refinancing are, in the reasonable judgment of the Borrower, not materially more restrictive with 

  
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respect to such encumbrances and other restrictions, taken as a whole, than those in effect prior to such amendment, modification, restatement, renewal, increase, supplement, refunding,
replacement or
refinancing;
and 
 (p) set forth in the definitive documentation relating to the Coherent Acquisition Permitted Notes. 
 7.10 Use of Proceeds. Use the proceeds of any Credit Extension,
whether directly or indirectly, and whether immediately, incidentally or ultimately, to purchase or carry margin stock (within the meaning of Regulation U of the FRB) or to extend credit to others for the purpose of purchasing or carrying margin
stock or to refund indebtedness originally incurred for such purpose. 
 7.11 Financial Covenants.  

(a) Consolidated Interest Coverage Ratio. Except with the consent of the Required Pro Rata Facilities
Lenders, permit the Consolidated Interest Coverage Ratio as of the end of any fiscal quarter of the Borrower to be less than 3.00:1.00. 

(b) Consolidated Total Net Leverage Ratio. Except with the consent of the Required Pro Rata Facilities
Lenders, permit the Consolidated Total Net Leverage Ratio as of the end of any fiscal quarter of the Borrower to be greater than the applicable level set forth below opposite such fiscal quarter under the heading “Consolidated Total Net
Leverage Ratio”: 
  

			
	 Periods Ending
	  	Consolidated Total Net
Leverage Ratio
	 First four fiscal quarters after the Closing Date, commencing with the first full fiscal quarter
after the Closing Date
	  	5.00 to 1.00
	 Fifth fiscal quarter through and including the eighth fiscal quarter after the Closing
Date
	  	4.50 to 1.00
	 Each subsequent fiscal quarter
	  	4.00 to 1.00

 7.12 Organization Documents; Fiscal Year; Legal Name, Jurisdiction of Formation and Form of
Entity.  
 (a) Amend, modify or change its Organization Documents in a manner materially adverse
to the Lenders; 
 (b) Change the Borrower’s fiscal year; 

(c) Without providing ten (10) days (or such lesser period as the Administrative Agent may agree) prior
written notice to the Administrative Agent, change its name, jurisdiction of formation or form of organization; or 

(d) Make any material change in accounting policies or reporting practices, except as required by GAAP. 

  
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 7.13 Sale Leasebacks. Enter into any Sale and Leaseback Transaction;
provided that any Sale and Leaseback Transaction shall be permitted so long as such Sale and Leaseback Transaction (1) cash consideration is received by the Borrower or any of its Restricted Subsidiaries for the property subject thereto,
(2) the Borrower or its applicable Restricted Subsidiary would otherwise be permitted to enter into, and remain liable under, the applicable underlying lease and (3) the aggregate fair market value of the property sold pursuant to all such
Sale and Leaseback Transactions under this Section 7.13 shall not exceed $50,000,000. 
 7.14 Amendments to
and Prepayments of Additional Indebtedness.  
 (a) Amend or modify any of the terms of any
Additional Indebtedness if after giving effect to such amendment or modification the terms of such Additional Indebtedness would not satisfy the requirements of clauses (iv) through (vii) of Section 7.03(h); 

(b) Make (or give any notice with respect thereto) any voluntary prepayment or redemption or acquisition for
value of (including without limitation, by way of depositing money or securities with the trustee with respect thereto before due for the purpose of paying when due), or refund, refinance or exchange, any Additional Indebtedness except for
(i) Junior Payments permitted by Section 7.06 and (ii) in the case of the giving of notice with respect to any such voluntary prepayment, redemption, acquisition for value, refund, refinance or exchange, any such notice given
in connection with the repayment in full of all Obligations and the termination of the Aggregate Commitments; 

Nothing herein is intended to limit or restrict in any manner or otherwise alter or modify any right of the
Borrower or any Subsidiary to redeem, refinance or otherwise pay or prepay, or settle any conversion of all or any portion of, the 2022 Notes, the 2033 Notes and the 2036
Notes. Notwithstanding anything to the contrary herein, the Borrower may (i) make interest payments with respect
to the Coherent Acquisition Permitted Notes, (ii) consummate an Escrow Redemption and/or a Special Mandatory Redemption, as applicable, in each case pursuant to the terms of the Coherent Acquisition Permitted Notes and (iii) amend or
modify the definitive documentation relating to the Coherent Acquisition Permitted Notes provided that such Coherent Acquisition Permitted Notes continue to satisfy the requirements set forth in the definition of “Coherent Acquisition Permitted
Notes”.  
 (c) Amend or modify any of the
subordination provisions applicable to any Subordinated Indebtedness without the prior written consent of the Administrative Agent; or 

(d) Make any payments in respect of any Subordinated Indebtedness in violation of the subordination provisions
applicable to such Subordinated Indebtedness. 
 7.15 Unrestricted Subsidiaries.  

(a) The Borrower shall not designate any Restricted Subsidiary as an Unrestricted Subsidiary or any
Unrestricted Subsidiary as a Restricted Subsidiary unless (i) no Default or Event of Default shall exist immediately prior or immediately after giving effect to such designation; (ii) the Borrower shall have delivered to the Administrative
Agent a Pro Forma Compliance Certificate demonstrating that after giving effect to such designation on a Pro Forma Basis, the Loan Parties would be in Pro Forma Compliance; and (iii) no Restricted Subsidiary may be designated as an Unrestricted
Subsidiary if such Restricted Subsidiary Guarantees any indebtedness in excess of the Threshold Amount of the Borrower or any Restricted Subsidiary. 

  
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