Document:

EX-10.6

 Exhibit 10.6 

EXECUTION COPY 
 OPTION
AGREEMENT 
 by and among 

II-VI HOLDINGS B.V., 
 a
Netherlands corporation, 
 II-VI INCORPORATED, 

a Pennsylvania corporation, 

OCLARO TECHNOLOGY LIMITED, 

a company incorporated under the laws of England and Wales, 

OCLARO, INC. 
 a Delaware
corporation, 
 OCLARO (NORTH AMERICA), INC. 

a Delaware corporation, 
 and 

AVANEX COMMUNICATION TECHNOLOGIES CO. 

a company organized under the laws of the People’s Republic of China 

 TABLE OF CONTENTS 

 

									
	 	 	 	 	 	  	Page	 
	 1.
	 	 DEFINITIONS
	  	 	1	  
			
	 2.
	 	OPTION	  	 	2	  
		 	 2.1
	 	Option	  	 	2	  
		 	 2.2
	 	Payment for Option	  	 	2	  
		 	 2.3
	 	Option Exercise	  	 	2	  
			
	 3.
	 	 REPRESENTATIONS, WARRANTIES, DISCLAIMERS
	  	 	3	  
				
		 	 3.1
	 	Mutual Representations and Warranties	  	 	3	  
		 	 3.2
	 	Additional Representations and Warranties of Purchaser	  	 	4	  
		 	 3.3
	 	Additional Representations and Warranties of Seller	  	 	4	  
			
	 4.
	 	 COVENANTS
	  	 	5	  
				
		 	 4.1
	 	Covenants of Seller	  	 	5	  
		 	 4.2
	 	Covenant of Purchaser	  	 	6	  
		 	 4.3
	 	Anti-Trust Approval	  	 	6	  
			
	 5.
	 	 TERM AND TERMINATION
	  	 	7	  
				
		 	 5.1
	 	Term; Expiration	  	 	7	  
		 	 5.2
	 	Unilateral Termination Rights	  	 	7	  
		 	 5.3
	 	Remedies Upon Termination	  	 	7	  
		 	 5.4
	 	Survival	  	 	8	  
			
	 6.
	 	 MISCELLANEOUS
	  	 	8	  
				
		 	 6.1
	 	Severability	  	 	8	  
		 	 6.2
	 	Notices	  	 	8	  
		 	 6.3
	 	Successors and Assigns; Parties in Interest	  	 	9	  
		 	 6.4
	 	Waiver	  	 	10	  
		 	 6.6
	 	Amendments	  	 	10	  
		 	 6.7
	 	Governing Law; Venue	  	 	10	  
		 	 6.8
	 	Appointment of Process Agent	  	 	11	  
		 	 6.9
	 	Entire Agreement	  	 	11	  
		 	 6.10
	 	Counterparts and Exchanges by Electronic Transmission or Facsimile	  	 	11	  
		 	 6.11
	 	Construction	  	 	12	  

 Exhibit A Form of Asset Purchase Agreement 

  
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 OPTION AGREEMENT 

This OPTION AGREEMENT (this “Agreement”) is made and entered into as a deed as of September 12, 2013 (the
“Effective Date”), by and among II-VI Holdings B.V., a Netherlands corporation (“II-VI BV”), II-VI Incorporated, a Pennsylvania corporation (“II-VI”), Oclaro Technology Limited,
a company incorporated under the laws of England and Wales with company number 2298887 (“Oclaro UK”), Oclaro, Inc., a Delaware corporation (“Parent”), Oclaro (North America), Inc., a Delaware
corporation (“Oclaro NA”), and AVANEX COMMUNICATIONS TECHNOLOGIES CO., a company organized under the laws of the Peoples Republic of China (“Avanex”). II-VI BV and II-VI collectively will be referred to
herein as the “Purchaser” and Oclaro UK, Parent, Oclaro NA and Avanex collectively will be referred to herein as the “Seller.” Purchaser and Seller are sometimes referred to herein individually as a
“Party” and collectively as the “Parties.” 
 RECITALS 

WHEREAS, Purchaser desires to acquire from Seller the exclusive option to acquire the Business, on the terms and conditions set forth
herein; and 
 WHEREAS, upon exercise by Purchaser of the Option, Seller and Purchaser will enter into the Asset Purchase
Agreement by which Purchaser will purchase from Seller the assets, and assume the liabilities, of Seller and Seller’s Affiliates constituting the Business, on the terms and conditions set forth therein. 

AGREEMENT 
 NOW,
THEREFORE, in consideration of the foregoing and the mutual agreements set forth below, the Parties agree as follows: 
 1. DEFINITIONS.
The terms in this Agreement with initial letters capitalized, shall have the meaning set forth below or, if not listed below, as set forth in this Agreement or, if not set forth in this Agreement, as provided in the Asset Purchase Agreement. 

1.1 “Asset Purchase Agreement” means the Asset Purchase Agreement in substantially the form attached hereto as
Exhibit A. 
 1.2 “Business” means Seller’s and Seller’s Affiliates’ Amplification
Business Unit comprised of Seller’s and Seller’s Affiliates’ (A) optically pumped fiber amplifier products, including related sub-systems and line card products serving telecommunications markets and (B) micro-optics
products, including related sub-systems and line card products serving telecommunication markets. The Business also includes the Transferred Assets and related personnel (it being understood that transferred employees will include a total of
approximately 118 employees (including 2 sales people in Europe, 1 salesperson in Japan and 1 sales person in the U.S. to be determined by the Parties in good faith and excluding 4-6 employees located in Horseheads, New York as determined by
Seller).  

 The Amplification Business Unit comprises: the Avanex Communications Technology (Shanghai) legal entity in
Shanghai, Peoples’ Republic of China including the Transferred assets and related personnel; personnel and research and development assets located in or assigned to Horseheads, New York, San Jose, California, and Paignton, UK; manufacturing
assets and personnel located in Bangkok, Thailand, Penang, Malaysia and Shenzhen, China; and manufacturing assets owned by Seller’s and Seller’s Affiliates’ consigned to the following suppliers: Fabrinet, Venture, Photop Fuzhou and
Browave Zhuhai in the Peoples’ Republic of China. 
 “Business” does not include: (i) transmission subsystems and line card products of
Seller and/or Sellers’ Affiliates, which may include as component parts (A) optically pumped fiber amplifiers that Seller or its Affiliates may purchase after the Closing from vendors other than Affiliates of Seller or (B) micro optic
products that either (x) Seller or its Affiliates may purchase after the Closing from vendors other than Affiliates of Seller or (y) are not part of the product and product lines intended to be sold in the Transactions;
(ii) wavelength selective switches; and (iii) related assets and personnel. 
 2. OPTION. 

2.1 Option. Subject to the terms and conditions of this Agreement, Seller hereby grants to Purchaser the exclusive right,
exercisable at Purchaser’s sole discretion, in accordance with this Agreement and at any time during the Option Exercise Period, to purchase the Business in accordance with the Asset Purchase Agreement (the “Option”). 

 2.2 Payment for Option. In consideration for the Option Purchaser shall, on the Effective Date, pay to Seller a
non-refundable amount, except as provided in Section 5.3 below, equal to $5,000,000 (the “Option Premium Fee”) in cash by wire transfer of immediately available funds to an account designated by Seller in writing. 

2.3 Option Exercise. 

2.3.1 The Option shall commence on the Effective Date and, subject to Section 2.3.5, expire at 5:00 p.m., Pacific Time, on
October 12, 2013 (such option period, the “Option Exercise Period”). 
 2.3.2 Purchaser may exercise the
Option, if at all, during the Option Exercise Period by providing written notice to Seller of Purchaser’s intent to exercise the Option, which notice (the “Option Exercise Intention Notice”) shall make reference to this
Agreement (the date on which such notice is given, the “Option Exercise Intention Notice Date”). The Option Exercise Intention Notice shall indicate if Purchaser desires to purchase (i) all of the Transferred Assets owned by
Avanex (“Avanex Assets”), in which case Purchaser shall agree to assume the Assumed Liabilities set forth on Part 1.4(a) of the Disclosure Letter, or (ii) all of the issued and outstanding shares of stock of Avanex (the
“Shares”). Purchaser’s election shall be subject to Seller’s consent which will not be unreasonably withheld, delayed or conditioned and shall be subject to the revision of the language of the applicable provisions of the Asset
Purchase Agreement as necessary to reflect such election.  
 2.3.3 Within 5 Business Days following the Option Exercise
Intention Notice Date, Seller shall deliver to Purchaser the Asset Purchase Agreement, duly executed by Seller and including a Disclosure Letter that is complete and accurate as of the date of delivery of such Asset Purchase Agreement (the date of
such delivery, the “Transaction Material Delivery Date”). 

  
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 2.3.4 If after the Transaction Material Delivery Date but before Purchaser’s execution and
delivery of the Asset Purchase Agreement, Seller determines that an amendment or update to the Disclosure Letter is necessary to completely and accurately reflect circumstances or facts arising during such period, Seller shall deliver such updated
Disclosure Letter to Purchaser, together with a summary of the facts and circumstances that have arisen that required such update. Purchaser agrees to give Seller one day’s notice prior to delivery of the Asset Purchase Agreement executed by
Purchaser except if the delivery of the Asset Purchase Agreement is on the last day of the Execution Period. If Seller amends or updates the Disclosure Letter as set forth in this Section 2.3.4 prior to Purchaser’s delivery of the executed
Asset Purchase Agreement, Purchaser shall have any additional Execution Period to deliver the executed Asset Purchase Agreement but must give Seller one day’s notice as set forth in the preceding sentence. 

2.3.5 During the period commencing on the Transaction Material Delivery Date, and ending at 5:00 p.m., Pacific Time, on the date that is 5
Business Days after the Transaction Material Delivery Date (or, if applicable, the date that is 5 Business Days after the date on which Seller delivered an update to the Disclosure Letter to Purchaser) (the “Execution Period”), Purchaser
shall have the right to execute the Asset Purchase Agreement and deliver it to Seller. The effective date of the Asset Purchase Agreement shall be the date of execution and delivery by Purchaser. 

3. REPRESENTATIONS, WARRANTIES, DISCLAIMERS. 

3.1 Mutual Representations and Warranties. Seller represents and warrants to Purchaser, and Purchaser represents and warrants to Seller,
as of the Effective Date, that: 
 3.1.1 such Party is duly organized, validly existing, and in good standing under the Legal Requirements of
the jurisdiction of its incorporation or formation and has full power and authority to enter into this Agreement and to carry out the provisions hereof; 

3.1.2 the execution of this Agreement and the performance by such Party of its obligations hereunder have been duly authorized by all requisite
action and no other proceeding on behalf of such Party is necessary to authorize the execution, delivery or performance of this Agreement; 

3.1.3 this Agreement has been duly executed and delivered on behalf of such Party, and assuming the due authorization, execution and delivery
of this Agreement by the other Party, constitutes a legal, valid, binding obligation, enforceable against it in accordance with the terms hereof, subject in each case to: (i) laws of general application relating to bankruptcy, insolvency and
the relief of debtors; and (ii) general principles of equity; 
 3.1.4 there are no Proceedings or audits of a Governmental Body,
criminal prosecutions, unfair labor practice charges or complaints, examination or investigations outstanding or pending or threatened against or affecting such Party that would prevent such Party from (i) executing and delivering this
Agreement, or (ii) performing such Party’s obligations pursuant to this Agreement, or observing any of the terms and provisions of this Agreement; and 

  
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 3.1.5 there are no pending Proceedings against or involving any Seller and, to the Knowledge of
the Seller, no Person has threatened to commence any Proceeding against or involving a Seller, in each case, that relates to, or affects, the Business or any Transferred Assets. There is no Order applicable to a Seller that relates to, or affects,
the Business or Transferred Assets. 
 3.2 Additional Representations and Warranties of Purchaser. The Purchaser currently has
available, and at the Closing will continue to have available, sufficient cash to enable it to pay the Purchase Price and all other amounts payable pursuant to the Asset Purchase Agreement or otherwise necessary to consummate the Transactions. Upon
the consummation of the Transactions: (a) the Purchaser will not be insolvent; (b) the Purchaser will not be left with unreasonably small capital; (c) the Purchaser will not have incurred debts beyond its ability to pay such debts as
they mature; and (d) the capital of the Purchaser will not be impaired. 
 3.3 Additional Representations and Warranties of
Seller.  
 3.3.1 The Seller has delivered to the Purchaser the unaudited pro forma statement of income for the Business for the
twelve months ended June 29, 2013 (the “Financial Statement Date,” and such statement of income, the “Statement of Income”). The Statement of Income is correct and complete in all material respects and presents
fairly in all material respects the results of operations of the Business for the period covered thereby, all in accordance with GAAP subject to (i) pro forma estimates, assumptions and adjustments, including the exclusion of stock compensation
charges, insurance payments from the Thailand floods, restructuring costs associated with production transfers and related activities, foreign currency gain/loss on intercompany balances, income or expense from non-cash “in period” changes
in inventory absorption and valuation and tax provision and (ii) no statements of cash flows, shareholders equity, or comprehensive income have been included and no footnotes have been included. The Statement of Income has been prepared from
and is consistent with the accounting books and records of the Seller and its Affiliates. 
 3.3.2 Between the Financial Statement Date and
the date of this Agreement, (a) there has not occurred any Material Adverse Effect, and (b) the operations of the Business have been conducted in the ordinary course of business (except that the Seller and its Affiliates have delayed the
payment of certain accounts payable to conserve cash). 

  
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 4. COVENANTS 

4.1 Covenants of Seller.  

4.1.1 Unless the Seller shall receive the prior written consent of the Purchaser, which consent may not be unreasonably withheld or delayed,
and except as required by any Legal Requirement, the Seller shall use its commercially reasonable efforts to ensure that, during the Pre-Closing Period, the following covenants are complied with, but only as
they relate exclusively to the Business and the Transferred Assets: 
 (a) the Seller and its Affiliates shall conduct the operations of the
Business in the ordinary course of business (except that the Seller and its Affiliates may delay the payment of certain payables to conserve cash); 

(b) the Seller and its Affiliates shall use commercially reasonable efforts to keep available the services of the employees currently
providing services primarily to the Business; 
 (c) the Seller and its Affiliates shall not change any of the methods of accounting or
accounting practices in any material respect, other than in a manner consistent with changes in GAAP or to conform to changes in applicable Legal Requirements; 

(d) the Seller and its Affiliates shall not make any Tax election with respect to the Business or that affects the Transferred Assets, other
than Tax elections that are the same as or consistent with Tax elections previously made by the respective party or to conform to changes in applicable Legal Requirements; 

(e) the Seller and its Affiliates shall not (i) sell, transfer, lease, license or otherwise dispose of any of the Transferred Assets,
other than sales of Transferred Inventory in the ordinary course of business, or (ii) subject any of the Transferred Assets to any claim, lien, pledge, option, charge, easement, security interest, deed of trust, mortgage, conditional sales
agreement, Encumbrance, preemptive right, right of first refusal, restriction or other right of third parties, whether voluntarily incurred or arising by operation of law, other than as may exist on the Effective Date; 

(f) the Seller and its Affiliates shall not: (i) other than in the ordinary course of business, declare or pay any bonus or declare or
make any cash incentive payment, retention payment or similar payment to, or increase the amount of the wages, salary, commissions, benefits or other compensation (including equity and equity-based compensation) or remuneration payable to, or
accelerate any benefits available to, any of the Eligible Employees; or (ii) other than in the ordinary course of business, hire any new employee for the Business; and 

(g) the Seller and its Affiliates shall not commit to take any of the actions described in clauses “(c)” through “(f)” of
this Section 4.1.2. 
 4.1.2 During the period commencing on the Effective Date and ending on the expiration of the Execution
Period, Seller shall provide, and shall cause its Affiliates to provide, to Purchaser and Purchaser’s Representatives, upon request (subject to any limitations that are reasonably required to preserve any applicable attorney-client privilege or
third-party confidentiality obligation, in which case Seller will use commercially reasonable efforts to develop an alternative means to provide any such information that is subject to such limitations), reasonable access for inspection and viewing
in an electronic data room of all Records, Permits, Material Contracts and any other information relating to the Business, the Transferred Assets or the Assumed Liabilities, and shall make its personnel reasonably available as may be necessary or
desirable to enable Purchaser to conduct reasonable due diligence with respect to the Business. The access to files, books and records, and personnel contemplated by this Section 4.1.2 will be during normal business hours and upon reasonable
prior notice and will be subject to such reasonable limitations as Seller or its Affiliate may impose to preserve the confidentiality of information contained therein. 

  
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 4.1.3 Seller covenants that the Asset Purchase Agreement and Disclosure Letter executed and
delivered by Seller upon an exercise of the Option by Purchaser will provide that the Transferred Assets, together with the services to be provided by the Seller or any of its Affiliates under any Transition Services Agreement and the Technology and
Intellectual Property Rights to be licensed to the Purchaser or an Affiliate of the Purchaser under the Intellectual Property License Agreement, will collectively constitute, as of the Closing, all of the material properties, rights, interests and
other tangible and intangible assets necessary to enable the Purchaser to conduct the Business in all material respects in the manner in which the Business is currently being conducted by the Seller and the Affiliates of the Seller; provided,
however, that the foregoing shall not constitute a representation or warranty of non-infringement of Intellectual Property Rights or any other matter covered by Section 2.6 of the Asset Purchase Agreement. Notwithstanding the
foregoing, the Parties understand and agree that included in the assets of the Business are commonly used Equipment and Inventory and the Parties agree to negotiate in good faith a fair and equitable allocation of such common Equipment and
Inventory. 
 4.2 Covenants of Purchaser.  

4.2.1 The Purchaser agrees to cause its Affiliates to abide by the terms of that certain Component Purchase Agreement dated of even date
herewith between an Affiliate of Purchaser, as seller, and Oclaro and Oclaro UK, as purchaser, in the ordinary course of business. 
 4.2.2
To the extent any other Affiliates of Purchaser conduct business with the Business, Purchaser covenants that such Affiliates will continue to act in the ordinary course of business consistent with past practices. 

4.3 Anti-Trust Approval. Seller and its Affiliates on the one hand, and Purchaser and its Affiliates on the other hand, shall use their
respective best efforts to promptly prepare all necessary filings required in respect of the Anti-Trust Approval (including undertaking market analyses and preparing revenue information as may reasonably be necessary to support any such filing).
Each of Seller and Purchaser will permit counsel for the other Party reasonable opportunity to review in advance, and consider in good faith the views of the other Party in connection with, any proposed written communication for filing that such
Party proposes to submit to any Governmental Body. Seller and Purchaser shall each, promptly following the date hereof, designate a representative who will be directly responsible for coordinating the preparation of filing requirements for the
Anti-Trust Approval with the other Party’s representative. 
 4.4 Patents. The patent portfolio currently in the Seller’s
data room represents Seller’s good faith preliminary review of the Transferred Patents exclusively used for the Business and Seller will undertake a good faith effort with the Purchaser to review such patent portfolio and other Seller IP
consistent with the Parties’ prior engagement, to determine the final list of Transferred Patents and Transferred IP considered to be exclusively used in the Business. 

  
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 5. TERM AND TERMINATION. 

5.1 Term; Expiration. This Agreement shall become effective as of the Effective Date and shall continue in force and effect,
unless earlier terminated pursuant to Section 5.1.3, until it terminates as follows: 
 5.1.1 If Purchaser does not deliver the
Option Exercise Intention Notice prior to the expiration of the Option Exercise Period, this Agreement shall terminate upon the expiration of the Option Exercise Period. 

5.1.2 If Purchaser delivers the Option Exercise Intention Notice prior to the expiration of the Option Exercise Period but does not execute and
deliver the Asset Purchase Agreement prior to the expiration of the Execution Period, this Agreement shall terminate at the end of the Execution Period. 

5.1.3 If Purchaser delivers the Option Exercise Intention Notice prior to the expiration of the Option Exercise Period and executes and
delivers the Asset Purchase Agreement prior to the expiration of the Execution Period, this Agreement shall terminate upon the Closing of the transactions contemplated by the Asset Purchase Agreement or the termination of the Asset Purchase
Agreement. 
 5.2 Unilateral Termination Rights. 

5.2.1 Prior to the delivery by Purchaser of the Option Exercise Notice, Purchaser may, in its sole discretion terminate this Agreement in its
entirety for any reason or no reason at all, effective upon written notice to Seller. 
 5.2.2 Seller may, in its sole discretion, terminate
this Agreement for Purchaser’s material breach of this Agreement, provided such termination will not be effective until and unless Seller gives written notice to Purchaser and Purchaser fails to cure such breach within five days. 

5.2.3 Purchaser may, in its sole discretion, terminate this Agreement for Seller’s material breach of this Agreement, provided such
termination will not be effective until and unless Purchaser gives written notice to Seller and Sellers fails to cure such breach within five days. 

5.3 Remedies Upon Termination.  

5.3.1 In the event of a breach of this Agreement by any Seller, Purchaser shall be entitled, in Purchaser’s sole discretion, to either:
(i) terminate this Agreement, in which case the Seller shall immediately refund the Option Premium Fee to Purchaser; or (ii) obtain a decree or order of specific performance or mandamus to enforce the observance and performance of such
covenant, obligation or other provision. Purchaser shall also be entitled to seek an injunction restraining any breach by a Seller or threatened breach. Purchaser shall not be required to provide a bond or other security in connection with any such
decree, order or injunction or in connection with any related Proceeding. 

  
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 5.3.2 In the event of a breach of this Agreement by any Purchaser, Seller shall be entitled to
retain the Option Premium Fee. 
 5.3.3 The remedies set forth in this Section 5.3 are the sole remedies of the Seller and Purchaser in
the event of a breach of this Agreement by the other Party. 
 5.4 Survival. The following provisions shall survive termination or
expiration of this Agreement in its entirety, as well as any other provision that by its terms or by the context thereof, is intended to survive such termination or expiration: Section 5.3, this Section 5.4 and Article 6. Termination or
expiration of this Agreement shall not relieve the Parties of any liability or obligation that accrued hereunder prior to the effective date of such termination or expiration. 

6. MISCELLANEOUS. 
 6.1
Severability. If any one or more of the terms or provisions of this Agreement is held by a court of competent jurisdiction or arbitrator to be void, invalid or unenforceable in any situation in any jurisdiction such holding shall not affect
the validity or enforceability of the remaining terms and provisions hereof or the validity or enforceability of the invalid, void or unenforceable term or provision in any other situation or in any other jurisdiction and the term or provision shall
be considered severed from this Agreement, unless the invalid or unenforceable term or provision is of such essential importance to this Agreement that it is to be reasonably assumed that the Parties would not have entered into this Agreement
without the invalid or unenforceable term or provision. If the final judgment of such court or arbitrator declares that any term or provision hereof is invalid, void or unenforceable, the Parties agree to (a) reduce the scope, duration, area or
applicability of the term or provision or to delete specific words or phrases to the minimum extent necessary to cause such term or provision as so reduced or amended to be enforceable, and (b) make a good faith effort to replace any invalid or
unenforceable term or provision with a valid and enforceable one such that the objectives contemplated by the Parties when entering this Agreement may be realized. 

6.2 Notices. Any notice, delivery or other communication required or permitted to be delivered to any Party under this Agreement shall
be in writing and shall be deemed properly delivered, given and received: (a) when delivered by hand; (b) the first business day after sent by registered mail, by overnight courier or by express delivery service; (c) if sent by
facsimile transmission before 2:00 p.m. in California, when transmitted and receipt is confirmed; (d) if sent by facsimile transmission after 2:00 p.m. in California and receipt is confirmed, on the following business day, in any case to the
address or facsimile telephone number set forth beneath the name of such Party below (or to such other address or facsimile telephone number as such Party shall have specified in a written notice given to the other parties hereto): 

if to the Seller: 
 Oclaro
Technology Limited 
 c/o Oclaro, Inc. 

2560 Junction Ave. 
 San Jose,
CA 95134 
 Attention: Kate Rundle, General Counsel 

Facsimile: +1 408.919.1501 

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

Jones Day 
 1755 Embarcadero
Road 
 Palo Alto, California 94303 

Attention: Robert T. Clarkson 

Facsimile: +1.650.739.3900 
 if
to the Purchaser: 
 II-VI Holdings B.V. 

c/o II-VI Incorporated 
 375
Saxonburg Boulevard 
 Saxonburg, Pennsylvania 16056 

Attention: Francis J. Kramer, President 

Facsimile: (724) 352-5299 

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

Sherrard, German & Kelly, P.C. 

28th Floor, Two PNC Plaza 
 620
Liberty Avenue 
 Pittsburgh, Pennsylvania 15222 

Attention: Robert D. German, Esquire 

Facsimile: (412) 261-6221 

6.3 Successors and Assigns; Parties in Interest.  

6.3.1 This Agreement shall be binding upon: each Seller and its successors and assigns (if any); and each Purchaser and its successors and
assigns (if any). This Agreement shall inure to the benefit of: the Seller, the Purchaser; and the respective successors and assigns (if any) of the foregoing. 

6.3.2 Neither the Seller nor the Purchaser may assign any of its rights or delegate any of its obligations under this Agreement without the
prior written consent of the other Party, except that: (i) each Party may assign any of its rights to any Affiliate of such Party; and (ii) each Party may delegate any of its obligations to any Affiliate of such Party as long as such Party
remains jointly and severally liable with such Affiliate for such obligations. 
 6.3.3 None of the provisions of this Agreement is intended
to provide any rights or remedies to any Person other than the parties to this Agreement and their respective successors and assigns (if any). Without limiting the generality of the foregoing, no creditor of the Seller or any Affiliate of the Seller
shall have any rights under this Agreement. 

  
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 6.4 Waiver. No failure on the part of any Person to exercise any power, right,
privilege or remedy under this Agreement, and no delay on the part of any Person in exercising any power, right, privilege or remedy under this Agreement, shall operate as a waiver of such power, right, privilege or remedy; and no single or partial
exercise of any such power, right, privilege or remedy shall preclude any other or further exercise thereof or of any other power, right, privilege or remedy. No Person shall be deemed to have waived any claim arising out of this Agreement, or any
power, right, privilege or remedy under this Agreement, unless the waiver of such claim, power, right, privilege or remedy is expressly set forth in a written instrument duly executed and delivered on behalf of such Person; and any such waiver shall
not be applicable or have any effect except in the specific instance in which it is given. 
 6.5 Amendments. This
Agreement may not be amended, modified, altered or supplemented other than by means of a written instrument duly executed and delivered on behalf of each Purchaser and each Seller. Save as expressly provided for in this Agreement, the Parties do not
intend that any term of this Agreement is enforceable under the Contracts (Rights of Third Parties) Act 1999 by a person who is not a party to this Agreement and the consent of any person who is not a party to this Agreement shall not be required
for the amendment, variation, rescission or termination of the same. 
 6.6 Governing Law; Venue.  

6.6.1 This Agreement and any claim, dispute or issue arising out of or in connection with this Agreement or its subject matter shall be
governed in all respects by the laws of England and Wales (without giving effect to principles of conflicts of laws). 
 6.6.2 Except as
otherwise expressly provided in this Agreement the courts of England and Wales have exclusive jurisdiction to settle any Proceeding or dispute arising out of or in connection with this agreement or its subject matter. Each party to this Agreement:

 (a) expressly and irrevocably consents and submits to the jurisdiction of the Courts of England in connection with any such Proceeding;

 (b) irrevocably agrees that the Courts of England will have exclusive jurisdiction in relation to any claim, dispute or difference
concerning this Agreement, any matter arising from it and the negotiations leading up to it being entered into; and 
 (c) irrevocably
waives any right that it may have to object to an action being brought in those Courts, to claim that the action has been brought in an inconvenient forum or to claim that those Courts do not have jurisdiction. 

A judgment, order or decision of the courts of England and Wales in respect of any such Proceeding or dispute may be recognized or enforced by any courts of
any state which, under the laws and rules applicable in that state, are competent or able to grant such recognition or enforcement. 

  
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 6.6.1 Notwithstanding the submission to that exclusive jurisdiction or anything to the contrary
contained in this Agreement any party may bring Proceedings in the courts of any other state which have jurisdiction for reasons other than the parties’ choice, for the purpose of seeking: 

(a) an injunction, order or other non-monetary relief (or its equivalent in such other state); and/or 

(b) any relief or remedy which, if it (or its equivalent) were granted by the courts of England and Wales, would not be enforceable in such
other state. 
 6.7 Appointment of Process Agent. 

6.7.1 The Purchaser shall ensure that there is at all times appointed an agent for service of process on it in England in relation to any
matter arising out of this Agreement or any of the other Transaction Documents, service upon whom shall be deemed completed whether or not forwarded to or received by the Purchaser and the Purchaser shall notify the Seller of the name of such agent
and their contact details. 
 6.7.2 The Purchaser may from time to time appoint a new process agent acceptable to the Seller (acting
reasonably) to receive service of process in England pursuant to Section 6.7.1. 
 6.7.3 The Purchaser shall inform the Seller in
writing of any change in the address of its process agent within 28 calendar days. 
 6.7.4 If any process agent appointed by the Purchaser
pursuant to this Section 6.7 ceases to have an address in England, each Purchaser irrevocably agrees to appoint a new process agent acceptable to the Seller (acting reasonably) and to deliver to the Seller within 14 calendar days a copy
of a written acceptance of appointment by its new process agent. 
 6.7.5 Pursuant to clause Section 6.7.1(a), each Purchaser
agree to appoint Gareth Rowles of II-VI U.K., Limited as its agent for service of process on it in England in relation to any matter arising out of this Agreement and the other Transaction Documents. 

6.8 Entire Agreement. This Agreement, together with the attached schedules and exhibits, constitutes the entire agreement between the
Parties as to the subject matter of this Agreement and supersedes and merges all prior and contemporaneous negotiations, representations, agreements, and understandings regarding the same. 

6.9 Counterparts and Exchanges by Electronic Transmission or Facsimile. This Agreement may be executed in several counterparts, each of
which shall constitute an original and all of which, when taken together, shall constitute one agreement. The exchange of a fully executed Agreement (in counterparts or otherwise) by electronic transmission or facsimile shall be sufficient to bind
the parties to the terms and conditions of this Agreement. 

  
 - 11 - 

 6.10 Construction.  

6.10.1 For purposes of this Agreement, whenever the context requires: the singular number shall include the plural, and vice versa; the
masculine gender shall include the feminine and neuter genders; the feminine gender shall include the masculine and neuter genders; and the neuter gender shall include the masculine and feminine genders. 

6.10.2 The parties hereto agree that any rule of construction to the effect that ambiguities are to be resolved against the drafting party
shall not be applied in the construction or interpretation of this Agreement. 
 6.10.3 As used in this Agreement, the words
“include” and “including,” and variations thereof, shall not be deemed to be terms of limitation, but rather shall be deemed to be followed by the words “without limitation.” 

6.10.4 Any reference to “$”, “USD” or “dollars” means United States dollars. All amounts required to be paid
under or pursuant to this Agreement shall be in United States Dollars. 
 6.10.5 Except as otherwise indicated, all references in this
Agreement to “Sections” are intended to refer to Sections of this Agreement. 
 [Signature Page Follows] 

  
 - 12 - 

 IN WITNESS WHEREOF, this Option Agreement has been executed and delivered as a deed on the date first written
above by the Parties acting by their respective duly authorized officers. 
  

									
	EXECUTED as a deed	 	)	 		 		 	
	by II-VI HOLDINGS B.V.,	 	)	 		 		 	
	acting by the under-mentioned	 	)	 		 		 	
	person(s) acting on the authority	 	)	 		 		 	
	of the said company in accordance	 	)	 		 		 	
	with the laws of the territory of	 	)	 		 		 	
	its incorporation:	 	)	 		 		 	
				
		 		 		 	BY: TRUST INTERNATIONAL MANAGEMENT
		 		 		 	        (T.I.M.) B.V., Managing Director A
					
		 		 		 		 	By: /s/ C.C. van den
Broek                                        
          
		 		 		 		 	       Mr. C.C. van den Broek (Attorney-in-Fact A)
					
		 		 		 		 	By: /s/ R.
Friele                                        
                            
		 		 		 		 	       Mr. R. Friele (Attorney-in-Fact B)
					
		 		 		 	BY:	 	/s/ Francis J.
Kramer                                        
                    
		 		 		 		 	Francis J. Kramer, Managing Director B

 [Signature Page to Option Agreement] 

			
	EXECUTED as a deed	 	)
	by II-VI INCORPORATED,	 	)
	acting by the under-mentioned	 	)
	person(s) acting on the authority	 	)
	of the said company in accordance	 	)
	with the laws of the territory of	 	)
	its incorporation:	 	)

  

			
	By:	 	 /s/ Vincent D. Mattera

	Vincent D. Mattera, Jr., Executive Vice President

 Attest 
 /s/ Timothy
Challingsworth 
  

			
	EXECUTED as a deed by	 	)
	OCLARO TECHNOLOGY	 	)
	LIMITED	 	)
	acting by the under-mentioned)	 	
	person(s) acting on the authority	 	)
	of the said company in accordance	 	)
	with the laws of the territory of	 	)
	its incorporation:	 	)

  

			
	By:	 	 /s/ Jerry Turin

		 	      Jerry Turin, Director

  

	
	Witness /s/ Yves Le
Maitre                                        
    
	Name of witness: Yves Le
Maitre                                  
	Address of witness: 2560 Junction Road, San Jose, CA

 [Signature Page to Option Agreement] 

			
	EXECUTED as a deed by	 	)
	OCLARO, INC.	 	)
	acting by the under-mentioned	 	)
	person(s) acting on the authority	 	)
	of the said company in accordance	 	)
	with the laws of the territory of	 	)
	its incorporation:	 	)

  

			
	By:	 	 /s/ Jerry Turin

		 	     Jerry Turin, Chief Financial Officer

  

			
	Attest	 	
		
	 /s/ Yves Le Maitre
	 	
		
	EXECUTED as a deed by	 	)
	OCLARO (NORTH	 	)
	AMERICA), INC.	 	)
	acting by the under-mentioned	 	)
	person(s) acting on the authority	 	)
	of the said company in accordance	 	)
	with the laws of the territory of	 	)
	its incorporation:	 	)
		 	)

  

			
	By:	 	 /s/ Jerry Turin

		 	     Jerry Turin, Chief Executive

  

	
	Attest
	
	/s/ Yves Le Maitre                        

 [Signature Page to Option Agreement] 

			
	EXECUTED as a deed by	 	)
	AVANEX COMMUNICATIONS	 	)
	TECHNOLOGIES CO.	 	)
	acting by the under-mentioned	 	)
	person(s) acting on the authority	 	)
	of the said company in accordance	 	)
	with the laws of the territory of	 	)
	its incorporation:	 	)

  

			
	By:	 	 /s/ Jerry Turin

		 	Jerry Turin, Legal Representative

  

	
	Witness /s/ Yves Le Maitre                
	Name of witness: Yves Le Maitre        
	Address of witness: 2560 Junction Road, San Jose, CA

 [Signature Page to Option Agreement] 

 EXHIBIT A 

FORM OF ASSET PURCHASE AGREEMENT 

 EXHIBIT A TO OPTION AGREEMENT 

 
  

[FORM OF] ASSET PURCHASE AGREEMENT 

between: 
 II-VI HOLDINGS B.V.,

 a Netherlands corporation, and 

OCLARO TECHNOLOGY LIMITED, 

a company incorporated under the laws of England and Wales 
  

 
 Dated as of
[            ], 2013 
  

 

									
			
	 1.
	 	SALE OF TRANSFERRED ASSETS; RELATED TRANSACTIONS	  	 	1	  
				
		 	 1.1
	  	Sale of Transferred Assets	  	 	1	  
				
		 	 1.2
	  	Delivery of Tangible Transferred Assets	  	 	3	  
				
		 	 1.3
	  	Purchase Price	  	 	4	  
				
		 	 1.4
	  	Assumption of Liabilities	  	 	4	  
				
		 	 1.5
	  	Inventory Adjustment	  	 	5	  
				
		 	 1.6
	  	Transfer Taxes	  	 	7	  
				
		 	 1.7
	  	Allocation	  	 	7	  
				
		 	 1.8
	  	Closing	  	 	8	  
				
		 	 1.9
	  	Third Party Consents	  	 	8	  
			
	 2.
	 	REPRESENTATIONS AND WARRANTIES OF THE SELLER	  	 	8	  
				
		 	 2.1
	  	Due Organization, Etc	  	 	8	  
				
		 	 2.2
	  	Inventory	  	 	9	  
				
		 	 2.3
	  	Equipment	  	 	9	  
				
		 	 2.4
	  	Financial Statements; Absence of Changes	  	 	9	  
				
		 	 2.5
	  	Title to Tangible Assets	  	 	9	  
				
		 	 2.6
	  	Intellectual Property; Information Technology	  	 	10	  
				
		 	 2.7
	  	Proceedings; Orders	  	 	12	  
				
		 	 2.8
	  	Compliance with Laws; Governmental Authorizations	  	 	12	  
				
		 	 2.9
	  	Environmental Matters	  	 	13	  
				
		 	 2.10
	  	Employee and Labor Matters	  	 	13	  
				
		 	 2.11
	  	Employee Benefit Matters	  	 	15	  
				
		 	 2.12
	  	Tax Matters	  	 	15	  
				
		 	 2.13
	  	Real Property	  	 	16	  
				
		 	 2.14
	  	Authority; Binding Nature of Agreements	  	 	17	  
				
		 	 2.15
	  	Non-Contravention; Consents	  	 	17	  
				
		 	 2.16
	  	Sufficiency of Assets	  	 	18	  
				
		 	 2.17
	  	Customers and Suppliers	  	 	18	  
				
		 	 2.18
	  	Trade Compliance Matters	  	 	18	  
				
		 	 2.19
	  	Related Party Matters	  	 	20	  
				
		 	 2.20
	  	Absence of Certain Events	  	 	20	  
				
		 	 2.21
	  	Insurance	  	 	21	  
				
		 	 2.22
	  	Books and Records	  	 	21	  

  
 i 

									
				
		 	 2.23
	  	Disclaimer of the Seller	  	 	21	  
				
		 	 2.24
	  	Brokers	  	 	21	  
			
	 3.
	 	REPRESENTATIONS AND WARRANTIES OF THE PURCHASER	  	 	21	  
				
		 	 3.1
	  	Due Organization	  	 	21	  
				
		 	 3.2
	  	Authority; Binding Nature of Agreements	  	 	22	  
				
		 	 3.3
	  	Non-Contravention; Consents	  	 	22	  
				
		 	 3.4
	  	Funding	  	 	22	  
				
		 	 3.5
	  	Proceedings; Orders	  	 	23	  
				
		 	 3.6
	  	Independent Investigation; Seller’s Representations	  	 	23	  
				
		 	 3.7
	  	Brokers	  	 	23	  
			
	 4.
	 	COVENANTS	  	 	23	  
				
		 	 4.1
	  	Bulk Sales Laws	  	 	23	  
				
		 	 4.2
	  	Non-Competition	  	 	23	  
				
		 	 4.3
	  	Patent Files	  	 	25	  
				
		 	 4.4
	  	Records	  	 	25	  
				
		 	 4.5
	  	Audited Financial Statements	  	 	25	  
				
		 	 4.6
	  	Non-Solicitation	  	 	25	  
				
		 	 4.7
	  	[Change of Corporate Name	  	 	25	  
				
		 	 4.8
	  	Non-Disclosure Agreements	  	 	25	  
			
	 5.
	 	SELLER’S CLOSING DELIVERABLES	  	 	26	  
			
	 6.
	 	PURCHASER’s CLOSING DELIVERABLES	  	 	27	  
			
	 7.
	 	CLOSING CONDITIONS; TERMINATION	  	 	27	  
				
		 	 7.1
	  	Closing Conditions	  	 	27	  
				
		 	 7.2
	  	Termination Events	  	 	28	  
				
		 	 7.3
	  	Termination Procedures	  	 	28	  
				
		 	 7.4
	  	Effect of Termination	  	 	28	  
			
	 8.
	 	INDEMNIFICATION, ETC	  	 	28	  
				
		 	 8.1
	  	Survival of Representations and Warranties	  	 	28	  
				
		 	 8.2
	  	Indemnification by the Seller	  	 	29	  
				
		 	 8.3
	  	Indemnification by the Purchaser	  	 	29	  
				
		 	 8.4
	  	Limitations on Indemnification	  	 	29	  
				
		 	 8.5
	  	Exclusive Remedy	  	 	30	  
				
		 	 8.6
	  	Holdback	  	 	30	  

  
 ii 

									
				
		 	 8.7
	  	Defense of Third Party Claims	  	 	31	  
			
	 9.
	 	EMPLOYEE MATTERS	  	 	31	  
				
		 	 9.1
	  	Offers of Employment	  	 	31	  
				
		 	 9.2
	  	Termination of Employment	  	 	31	  
				
		 	 9.3
	  	Pre-Closing Compensation	  	 	32	  
				
		 	 9.4
	  	Pre-Closing Liabilities	  	 	32	  
				
		 	 9.5
	  	Credit for Prior Service	  	 	32	  
				
		 	 9.6
	  	Waiver of Pre-Existing Conditions	  	 	32	  
				
		 	 9.7
	  	Special Jurisdiction Transferred Employees	  	 	32	  
				
		 	 9.8
	  	Employee Notices	  	 	32	  
				
		 	 9.9
	  	No Third-Party Rights	  	 	33	  
			
	 10.
	 	MISCELLANEOUS PROVISIONS	  	 	33	  
				
		 	 10.1
	  	Tax Returns; Taxes; Cooperation	  	 	33	  
				
		 	 10.2
	  	Further Actions	  	 	33	  
				
		 	 10.3
	  	Continuing Access to Information	  	 	34	  
				
		 	 10.4
	  	Publicity	  	 	34	  
				
		 	 10.5
	  	Fees and Expenses	  	 	35	  
				
		 	 10.6
	  	Notices	  	 	35	  
				
		 	 10.7
	  	Headings	  	 	36	  
				
		 	 10.8
	  	Counterparts and Exchanges by Electronic Transmission or Facsimile	  	 	36	  
				
		 	 10.9
	  	Governing Law; Venue	  	 	36	  
				
		 	 10.10
	  	Successors and Assigns; Parties in Interest	  	 	37	  
				
		 	 10.11
	  	Remedies Cumulative; Specific Performance	  	 	37	  
				
		 	 10.12
	  	Waiver	  	 	38	  
				
		 	 10.13
	  	Amendments	  	 	38	  
				
		 	 10.14
	  	Severability	  	 	38	  
				
		 	 10.15
	  	Entire Agreement	  	 	38	  
				
		 	 10.16
	  	Disclosure Letter	  	 	38	  
				
		 	 10.17
	  	Appointment of Process Agent	  	 	38	  
				
		 	 10.18
	  	Construction	  	 	39	  

  
 iii 

 LIST OF ANNEXES 

 

					
	Annex A	  	—  	  	Certain Definitions
	Annex A-I	  	—  	  	List of Knowledge Group
	Annex A-II	  	—  	  	Definition of “Business”

  
 iv 

 CONFIDENTIAL 

ASSET PURCHASE AGREEMENT 

THIS ASSET PURCHASE AGREEMENT is entered into as of
[            ], 2013, by and between II-VI HOLDINGS B.V., a corporation duly organized and validly existing under the laws of the Netherlands (the “Purchaser”) and
OCLARO TECHNOLOGY LIMITED, a company incorporated under the laws of England and Wales with company number 2298887, having its principal office at Caswell Office, Towcester,
Northamptonshire, NN12 8EQ, England (“Seller”). Certain capitalized terms used in this Agreement are defined in Annex A. 

RECITALS 
 The Seller and
the Purchaser have entered into an Option Agreement, dated as of September [    ], 2013 (the “Option Agreement,” and such date, the “Option Date”), whereby the Seller has granted to the Purchaser
an exclusive option, exercisable upon the terms and conditions set forth therein, to acquire from Seller and Seller’s Affiliates the Business; 

The Seller and the Purchaser wish to provide for the sale of the Transferred Assets (as defined in Section 1.1) to, and the
assumption of the Assumed Liabilities (as defined in Section 1.4) by, the Purchaser or an Affiliate of the Purchaser on the terms set forth in this Agreement; and 

Pursuant to the Option Agreement, the Purchaser made a payment of [$        ] to the Seller, which
payment was non-refundable but creditable against the purchase of such Transferred Assets. 
 AGREEMENT 

The parties to this Agreement, intending to be legally bound, agree as follows: 

1. SALE OF TRANSFERRED ASSETS; RELATED TRANSACTIONS. 

1.1 Sale of Transferred Assets.1 The Seller shall sell and transfer and Seller
shall cause its Affiliates to sell to the Purchaser or an Affiliate of Purchaser, at the Closing, all of the right, title and interest of Seller or any Affiliate of Seller in the following tangible and intangible assets to the extent located in the
United Kingdom or otherwise owned by Seller (the “UK Transferred Assets”), on the terms and subject to the conditions set forth in this Agreement, in consideration for payment of the Purchase Price: 

(a) Patents and Patent Applications: All of the patents, patent applications and patent rights to inventions that are either
(i) used exclusively in the Business, or (ii) identified on Part 1.1(a) of the Disclosure Letter (the Patents, Patent Applications and patent rights to inventions referred to in this Section 1.1(a), together with the Patents,
Patent Applications and patent rights and inventions sold, transferred and conveyed pursuant to the Non-UK Transfer Documents being referred to in this Agreement as the “Transferred Patents”), subject to any rights granted in the
Intellectual Property License Agreement. 
  

	1 	Note to Draft: Purchaser may elect (only in writing) at the same time it elects to exercise its option under the Option Agreement, subject to the Seller’s consent, which shall not be unreasonably withheld, to
acquire 100% of the outstanding capital stock of Avanex Communication Technologies Co. in lieu of acquiring certain of the Transferred Assets described herein. In such case, the final Asset Purchase Agreement shall be revised in good faith by the
Parties to reflect an economically equivalent transaction. 

  
 1 

 (b) Other Proprietary Assets: All of the Trade Secrets, Technology and Intellectual
Property Rights (other than patent rights, which are addressed in Section 1.1(a)) that are either (i) used exclusively in the Business, or (ii) described on Part 1.1(b) of the Disclosure Letter (the Trade Secrets,
Technology and Intellectual Property Rights referred to in this Section 1.2(b), together with the Trade Secrets, Technology and Intellectual Property Rights sold, transferred and conveyed pursuant to the Non-UK Transfer Documents, being
referred to in this Agreement as the “Transferred IP”). 
 (c) Inventory: All of the Inventory owned by the Seller or
any Affiliate of the Seller that (i) relates exclusively to the Business regardless of location, (ii) is listed on Part 1.1(c) of the Disclosure Letter, except to the extent such inventory has been sold in the ordinary course of
business prior to the Closing, (iii) is vendor managed inventory owned by Seller or an Affiliate of Seller relating exclusively to the Business and located at the site of a customer or any other Person, or (iv) is located at the
Seller’s or its Affiliates’ facilities in Shanghai, People’s Republic of China (the “Shanghai Facility”), Horseheads, New York (the “Horseheads Facility”) or at 1830 Bering Drive, San Jose,
California, USA (the “Bering Drive Facility”) (the Inventory referred to in this Section 1.1(c), together with the Inventory sold, transferred and conveyed pursuant to the Non-UK Transfer Documents, being referred to in
this Agreement as the “Transferred Inventory”). 
 (d) Equipment: All of the Equipment that is (i) owned by the
Seller or any Affiliate of the Seller and used exclusively in the Business, (ii) listed on Part 1.1(d) of the Disclosure Letter, or (iii) other than personal items, information technology equipment assigned to persons that are not
Transferred Employees, or items of a similar nature, and other than any customer-owned equipment that is located at the Shanghai Facility, the Horseheads Facility or the Bering Drive Facility (the Equipment referred to in this
Section 1.1(d), together with the Equipment sold, transferred and conveyed pursuant to the Non-UK Transfer Documents, being referred to in this Agreement as the “Transferred Equipment”) (it being understood that
Equipment owned by a third party and leased to the Seller or an Affiliate of the Seller is not “Transferred Equipment”). 
 (e)
Contracts: The benefit (subject to the burden) of the Seller or any Affiliate of the Seller under the Seller Contracts (a) that are exclusively related to the Business and identified on Part 1.1(e) of the Disclosure Letter,
(b) that are customer purchase orders to the extent exclusively related to the Business and received and accepted in the ordinary course of business of the Business consistent with past practices, and (c) the portions of the Seller
Contracts listed on Part 1.1(e)(i) of the Disclosure Letter that are exclusively related to the Business (the Seller Contracts referred to in this Section 1.1(e), together with the Seller Contracts conveyed pursuant to the Non-UK
Transfer Documents, being referring to in this Agreement as the “Transferred Contracts”). 
 (f) Records: All Records
exclusively or primarily related to the Business (the Records referred to in this Section 1.1(f), together with the Records conveyed pursuant to the Non-UK Transfer Documents, being referring to in this Agreement as the
“Transferred Books”); provided, however, that Seller and its Affiliates shall be entitled to retain one or more copies of any Transferred Books, which Transferred Books are confidential information subject to the terms of the NDA
provided that the terms of non-disclosure under the NDA shall continue indefinitely. 

  
 2 

 (g) Governmental Authorizations: All of the Governmental Authorizations that are capable
of being transferred and that are held by the Seller or any Affiliate of the Seller and used or held for use exclusively in the Business, including without limitation those identified on Part 1.1(g) of the Disclosure Letter (the Governmental
Authorizations referred to in this Section 1.1(g), together with the Governmental Authorizations conveyed pursuant to the Non-UK Transfer Documents, being referring to in this Agreement as the “Transferred Governmental
Authorizations”). 
 (h) Prepayments: Prepayments made pursuant to any Transferred Contracts; 

(i) Claims: All claims, guarantees, warranties, rights of indemnity and other rights of recovery and other Proceedings against third
parties solely with respect to the Transferred Assets or the Assumed Liabilities, whether arising by way of counterclaim or otherwise; 
 (j)
Models and Prototypes: All models (whether tangible or digital), prototypes and test devices exclusively embodying any of the products exclusive to the Business; and 

(k) Goodwill: The goodwill of the Business, other than the goodwill associated with the other businesses of the Seller or any Affiliate
of the Seller, or the name or Trademarks of the Seller or any of the Affiliates of the Seller that are not Transferred Assets, including any Trademarks that include any form of “Oclaro”. 

Part 1.1(x)2 of the Disclosure Letter indicates, as to each Transferred Asset, which of
Purchaser or Purchaser’s Affiliates is receiving title hereunder. 
 The Seller shall cause the Parent and, as applicable, any of
Parent’s Affiliates to sell, transfer and convey to the Purchaser or an Affiliate of Purchaser, at the Closing, all of the right, title and interest of the Parent or such Affiliate of Parent in any tangible or intangible assets that would
constitute Transferred Assets but for the fact that such assets are owned by any Affiliate of Seller or Parent or not located in the United Kingdom (“Non-UK Transferred Assets,” and together with the UK Transferred Assets, the
“Transferred Assets”), on the terms and subject to the conditions set forth in this Agreement and pursuant to one or more bills of sale and assignments in form and substance mutually agreeable to the Purchaser and the Seller (the
“Non-UK Transfer Documents”), in consideration for payment of the Purchase Price. 
 Notwithstanding anything in
Section 1.1 to the contrary, Seller and Purchaser expressly acknowledge and agree that the Transferred Assets will not include any assets, rights or properties other than those specifically described above in this
Section 1.1, and any assets, rights or properties specifically identified on Part 1.1A of the Disclosure Letter are expressly excluded from the Transferred Assets (such excluded assets being referred to herein collectively as the
“Excluded Assets”). 
 1.2 Delivery of Tangible Transferred Assets. The following provisions shall apply with respect
to the physical delivery of the Transferred Inventory, Transferred Equipment and Transferred Books to the Purchaser (the “Tangible Transferred Assets”): (a) any and all Tangible Transferred Assets that are located in or in
transit to any facility identified on Part 1.2(a) of the Disclosure Letter shall remain at such location; (b) any and all Tangible Transferred Assets that are located in or in transit to any facility identified on Part 1.2(b) of the Disclosure
Letter shall be delivered under terms set forth in the Transition Services Agreement; and (c) as soon as practicable (and in any event within 45 days) after the Closing, the Seller shall cause the Tangible Transferred Assets that are located in
or in transit to any location other than the facilities identified in Part 1.2(a) of the Disclosure Letter and Part 1.2(b) of the Disclosure Letter to be delivered to a location (or locations) designated by the Purchaser in writing. The Purchaser
shall bear the costs for and risks relating to the delivery of such Tangible Transferred Assets to the Purchaser.3 

 

	2 	Purchaser to provide. 

	3 	Purchaser to provde. 

  
 3 

 1.3 Purchase Price. The aggregate purchase price (the “Purchase Price”)
to be paid by the Purchaser as consideration for the sale, transfer and conveyance of the Transferred Assets pursuant to this Agreement shall be Eighty Eight Million Dollars ($88,000,000), subject to adjustment pursuant to Section 1.5
below. The Purchase Price shall be paid as follows: 
 (a) Five Million Dollars ($5,000,000) of such Purchase Price shall be credited as paid
pursuant to the Option Agreement. 
 (b) At the Closing, the Purchaser shall pay (or cause to be paid) to Seller (or to one or more
Affiliates of Seller), in cash in immediately available funds, a total of Eighty Three Million Dollars ($83,000,000), less the Indemnification Holdback Amount (the “Closing Payment”), subject to adjustment pursuant to
Section 1.5(a) below, by wire transfer to one or more accounts provided to the Purchaser by Seller prior to the Closing (it being understood that if Seller desires that any portion of the amount specified in this Section 1.3
be paid to any Affiliate of Seller, Seller shall provide the Purchaser with written instructions with respect thereto prior to the Closing). 

(c) At the Closing, the Purchaser shall assume the Assumed Liabilities by delivery to Seller of an Assignment and Assumption Agreement in form
and substance mutually agreeable to the Purchaser and the Seller (the “Assumption Agreement”). 
 (d) At the Closing, the
Purchaser shall withhold the Indemnification Holdback Amount from the Purchase Price to provide funds against which a Purchaser Indemnitee may assert claims of indemnification under this Agreement. The Indemnification Holdback Fund will be held,
administered and distributed by Purchaser in accordance with the terms of Article 8 of this Agreement. 
 1.4 Assumption of
Liabilities.  
 (a) Simultaneously with the Closing, the Purchaser or an Affiliate of Purchaser shall assume and be liable for,
and shall pay, perform and discharge, when due, and no other Liabilities: (i) all Liabilities arising after the Closing under the Transferred Contracts but only to the extent that such Liabilities thereunder do not relate to any failure to
perform, improper performance, or other breach, default or violation of any such Transferred Contract by Seller or any Affiliate of Seller prior to the Closing; (ii) all Liabilities arising from the conduct of the Business or the ownership of
the Transferred Assets by Purchaser or any Affiliate of Purchaser following the Closing, including without limitation the design, manufacture, import, sale or offer for sale of any products by the Purchaser or any Affiliate of Purchaser irrespective
of when such products were designed, manufactured, imported or offered for sale; and (iii) all Liabilities of the Purchaser incurred in accordance with this Agreement, including, without limitation, those set forth on Part 1.4(a) of the
Disclosure Letter (the Liabilities described in clauses “(i)”, “(ii)”, and “(iii)” of this sentence being collectively referred to as the “Assumed Liabilities”). 

  
 4 

 (b) Notwithstanding Section 1.4(a), the Purchaser shall not assume and shall not be
responsible to pay, perform or discharge any Liabilities of Seller or any of its Affiliates of any kind or nature whatsoever other than the Assumed Liabilities (the “Excluded Liabilities”). Without limiting the generality of the
foregoing, the Excluded Liabilities shall include, but not be limited to, the following: 
 (i) any and all Liabilities to the extent
arising from, or incurred in connection with, the Excluded Assets; 
 (ii) any and all Liabilities of Seller or any of its Affiliates for
Seller Transaction Expenses (as defined in Section 10.5(b) below); 
 (iii) any and all Liabilities of Seller or any of its
Affiliates listed on Part 1.4(b) of the Disclosure Letter; 
 (iv) all Liabilities arising from the conduct of the Business or the ownership
of the Transferred Assets on and prior to the Closing Date including, without limitation, all Liabilities associated with administering and honoring all repair and replacement warranties, returns and similar obligations related to the products and
services of the Business sold on or prior to the Closing Date or such services provided on or prior to the Closing Date; provided that, with respect to products sold or services performed prior to the Closing, Purchaser will administer and honor all
such warranties, returns and similar obligations on behalf of Seller and any Affiliate of Seller; 
 (v) any Liability for (x) Taxes of
Seller or any Affiliate of Seller or relating to the Transferred Assets or the Assumed Liabilities for any Pre-Closing Period, (y) Taxes that arise out of the consummation of the transactions contemplated hereby or that are the responsibility
of Seller pursuant to Section 1.6 or (z) other Taxes of Seller or any Affiliate of Seller of any kind or description (including any Liability for Taxes of Seller or any Affiliate of Seller that becomes a Liability of Purchaser or
any Affiliate of Purchaser under any common Legal Requirement doctrine of de facto merger or transferee or successor liability or otherwise by operation of contract or Legal Requirement, except current real estate and personal property taxes with
respect to the Business or the Transferred Assets to the extent such Taxes relate to a Post-Closing Period); 
 (vi) subject to Part 1.4(a)
of the Disclosure Letter, any Liabilities of Seller or any Affiliate of the Seller for any Pre-Closing Period relating to present or former employees, officers, directors, retirees, independent contractors or consultants of Seller or any Affiliate
of Seller, including, without limitation, any Liabilities associated with any claims for wages or other benefits, bonuses, accrued vacation, workers’ compensation, severance, retention, termination or other payments; 

(vii) any Liabilities to indemnify, reimburse or advance amounts to any present or former officer, director, employee or agent of Seller or
any Affiliate of Seller, including, with respect to any breach of fiduciary obligations; 
 (viii) any Liabilities associated with debt,
loan or credit facilities of the Seller and/or any Affiliate of Seller; and 
 (ix) any Liabilities arising out of, in respect of or in
connection with the failure by Seller or any of its Affiliates to comply with any Legal Requirement or Order. 

  
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 1.5 Inventory Adjustment.  

(a) At least three business days prior to the Closing, Seller shall deliver to Purchaser its good faith estimate of the book value of the
Transferred Inventory as of the Closing Date (the “Estimated Inventory Value”). The Closing Payment will be adjusted upwards or downwards as follows: (i) if Estimated Inventory Value exceeds $9,000,000 (the “Inventory
Value Target”), then the Closing Payment will be increased by such excess, and (ii) if the Estimated Inventory Value is less than the Inventory Value Target, then the Closing Payment will be reduced by the amount by which Estimated
Inventory Value is less than the Inventory Value Target. 
 (b) Any amount by which the book value of the Transferred Inventory as of the
Closing Date (the “Closing Date Inventory Value”) is less than the Inventory Value Target will reduce the Purchase Price, and any amount by which the Closing Date Inventory Value is greater than the Inventory Value Target will
increase the Purchase Price. 
 (c) Within 70 calendar days of the Closing Date, the Seller shall prepare and deliver to the Purchaser a
statement setting forth the calculation of the Closing Date Inventory Value as of immediately before the Closing, including the components thereof. 

(d) The Purchaser will notify the Seller in writing of any objections to the Seller’s computation of Closing Date Inventory Value within
15 calendar days after the Purchaser receives the statement thereof. If the Purchaser does not notify the Seller of any such objections by the end of that 15-day period, then the Closing Date Inventory Value will be considered final at the end of
the last day of that 15-day period. If the Purchaser does notify the Seller of any such objections by the end of that 15-day period and the Purchaser and the Seller are unable to resolve their differences within 15 calendar days thereafter, then the
Purchaser and the Seller will instruct their respective accountants to use commercially reasonable efforts to resolve such disputed items to their mutual satisfaction and to deliver a final calculation of Closing Date Inventory Value to the
Purchaser and the Seller as soon as reasonably possible. If the Purchaser’s accountants and the Seller’s accountants are unable to resolve any such disputed items within 15 calendar days after receiving such instructions, then the
remaining disputed items and the value attributable to them by each of the Purchaser and the Seller will be submitted to a nationally recognized accounting firm mutually agreed by the Purchaser and the Seller (the “Accounting
Arbiter”) for resolution, and the Accounting Arbiter will be instructed to determine the final Closing Date Inventory Value and deliver the same to the Purchaser and the Seller as soon as possible. The Accounting Arbiter will consider only
those items and amounts in the Purchaser’s and the Seller’s respective calculations of the Closing Date Inventory Value that are identified as being items and amounts to which the Purchaser and the Seller have been unable to agree. In
resolving any disputed item, the Accounting Arbiter may not assign a value to any item greater than the greatest value for such item claimed by either party or less than the smallest value for such item claimed by either party. The Accounting
Arbiter’s determination of the Closing Date Inventory Value will be based solely on the financial records of the Business consistent with the past practices of the Business (i.e., not on independent review) and on the definition of Closing Date
Inventory Value included herein. The determination of the Accounting Arbiter will be final, conclusive and binding upon the parties hereto. Neither the Purchaser nor the Seller will have any right to, and will not, institute any Proceeding
challenging such determination or with respect to the matters that are the subject of this Section 1.5, except that the foregoing will not preclude a Proceeding to enforce such determination. If the Accounting Arbiter’s
determination of Closing Date Inventory Value is closer to the value initially asserted by the Purchaser to the Accounting Arbiter, then the Seller will pay the costs of the Accounting Arbiter. If the Accounting Arbiter’s determination of
Closing Date Inventory Value is closer to the value initially asserted by the Seller to the Accounting Arbiter, then the Purchaser will pay the costs of the Accounting Arbiter. Each of the Seller and the Purchaser and their respective Affiliates
will cooperate with and assist the Accounting Arbiter to determine the final Closing Date Inventory Value, including by making available and granting reasonable access to records and employees. The terms of engagement of the Accounting Arbiter for
the purposes of this Section 1.5(c) shall be such reasonable commercial terms as shall be agreed between the Seller and the Purchaser consistently with the provisions of this Section 1.5. If the Seller and the Purchaser fail
to agree on terms of engagement for the Accounting Arbiter within 5 calendar days, the Seller and the Purchaser agree that each of them will execute the standard form of the Accounting Arbiter’s terms of engagement as proposed by the Accounting
Arbiter for its appointment. 

  
 6 

 (e) Within five (5) business days after the final determination of the Closing Date
Inventory Value in accordance with this Section 1.5:] 
 (i) if the Closing Date Inventory Value is greater than the Estimated
Inventory Value, the Purchaser will cause the amount by which the Closing Date Inventory Value exceeds the Estimated Inventory Value to be paid to the Seller by wire transfer of immediately available funds to an account designated by the Seller; and

 (ii) if the Closing Date Inventory Value is less than the Estimated Inventory Value, the Seller shall cause the amount by which the
Closing Date Inventory Value is less than the Estimated Inventory Value to be paid to the Purchaser by wire transfer of immediately available funds to an account designated by the Purchaser. 

1.6 Transfer Taxes. To the extent any sales (including bulk sales), value added, use, transfer, ad valorem, privilege, gross receipts,
registration, conveyance, excise, license, goods and services, stamp or similar Taxes and documentary charges, recording fees or other charges or fees that arise out of, in connection with or are attributable to the sale of the Transferred Assets to
the Purchaser or any of the other Transactions (collectively, the “Transfer Taxes”) are imposed, such Transfer Taxes shall be the responsibility of, and timely paid by, both the Purchaser and the Seller in equal proportions. Seller
shall, at its own expense, timely file any Tax Return or other document with respect to such Taxes or fees for the Business operations prior to or in connection with the Closing (and Purchaser shall cooperate with respect thereto as necessary). The
Purchaser and the Seller shall use commercially reasonable efforts to minimize Transfer Taxes, if any, arising out of or relating to the Transactions, including by Purchaser accepting delivery of software assets located in the State of California by
electronic transmission from Seller’s or Seller’s Affiliates’ place of business to Purchaser’s computers in accordance with California Sales and Use Tax Regulation 1502(f)(1)(D), with Seller and its Affiliates having no
obligation to deliver any tangible assets in connection with the delivery of such software. 
 1.7 Allocation. The Seller and the
Purchaser shall cooperate in good faith to reach an agreement as to the allocation of the Purchase Price attributable to the Transferred Assets for U.S. federal income tax purposes in accordance with Section 1060 of the Code and for tax
purposes and Legal Requirements of other applicable jurisdictions. If such agreement is achieved by the Seller, on the one hand and the Purchaser, on the other hand, then the Seller and the Purchaser shall, to the extent applicable, prepare and file
Internal Revenue Service Form 8594 on a basis consistent with such agreement and shall take no contrary position except to the extent required by applicable Legal Requirements. If such agreement is not achieved by the Seller, on the one hand and the
Purchaser, on the other hand, then the Seller and the Purchaser shall allocate the Purchase Price attributable to the applicable Transferred Assets in accordance with their separate determinations. 

  
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 1.8 Closing. Subject to the satisfaction or waiver of the conditions set forth in
Section 7.1, the closing of the sale of the Transferred Assets and the assumption of the Assumed Liabilities pursuant to this Agreement (the “Closing”) shall take place at the offices of Sherrard, German &
Kelly, P.C. in Pittsburgh, Pennsylvania, at a time to be agreed upon by the Purchaser and the Seller, on a date (no later than the second business day after the satisfaction or waiver of the conditions set forth in Section 7.1), or such
other time and date mutually agreed by the Purchaser and the Seller. For purposes of this Agreement, “Closing Date” shall mean the date on which the Closing actually takes place. 

1.9 Third Party Consents. To the extent that rights of Seller or any Affiliate of Seller under any Contract or Governmental
Authorization constituting a Transferred Asset, may not be assigned to Purchaser without the consent of another Person which has not been obtained, this Agreement shall not constitute an agreement to assign the same if an attempted assignment would
constitute a breach thereof or be unlawful, and Seller or its Affiliate shall use commercially reasonable efforts to obtain any such required consent(s) as promptly as possible. The expenses incurred by Seller and its Affiliate(s) to obtain any such
consent(s) shall be borne by Seller. If any such consent shall not be obtained or if any attempted assignment would be ineffective or would impair Purchaser or its Affiliates’ rights under the Transferred Asset in question so that Purchaser or
an Affiliate of Purchaser would not in effect acquire the benefit of all such rights, Seller shall (or cause its Affiliate to), to the maximum extent permitted by Legal Requirement and the Transferred Asset, (i) act after the Closing as
Purchaser’s agent in order to obtain for it the benefits thereunder; and (ii) cooperate with the Purchaser in any other reasonable arrangement designed to provide such benefits to Purchaser or its Affiliate; provided, that to
the extent such benefits are provided to Purchaser or any Affiliate of Purchaser, Purchaser shall be responsible for all corresponding Liabilities arising after the Closing but only to the extent that such Liabilities do not relate to any failure to
perform, improper performance, warranty or other breach, default or violation by Seller or an Affiliate of Seller on or prior to the Closing. 
 2.
REPRESENTATIONS AND WARRANTIES OF THE SELLER. 
 Seller represents and warrants as of the date of this Agreement, subject to such
exceptions as are disclosed in the Disclosure Letter prepared in accordance with Section 10.16, to and for the benefit of the Purchaser and any Affiliate of Purchaser, as follows: 

2.1 Due Organization, Etc.  

(a) Organization. The Seller and each Affiliate of the Seller that owns any Transferred Assets is a corporation or other entity duly
organized, validly existing and in good standing (in jurisdictions that recognize the concept of good standing) under the Legal Requirements of the jurisdiction of its organization and has full power and unrestricted authority to own and operate the
Transferred Assets, and, where applicable, to carry on the Business as currently conducted. Part 2.1(a) of the Disclosure Letter accurately sets forth the jurisdiction of organization for the Parent, Seller and each Affiliate of the Seller that owns
any Transferred Asset. 
 (b) Qualification. The Seller and each Affiliate of the Seller that owns Transferred Assets is qualified to
do business as a foreign entity under the Legal Requirements of all jurisdictions in which the ownership of the Transferred Assets or the operation of the Business as currently conducted requires such qualification, except where the failure to be so
qualified would not have a Material Adverse Effect. Part 2.1(b) of the Disclosure Letter accurately sets forth the jurisdictions where Parent, Seller and each Affiliate of the Seller that owns any Transferred Asset is qualified to do business as a
foreign entity. 

  
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 2.2 Inventory. All of the Transferred Inventory is (and will as of the Closing be) of such
quality and quantity as to be usable and saleable in the ordinary course of business of the Business, except for any such Transferred Inventory included in reserves for unusable or unsaleable inventory accrued for on the Business Financial
Statements. All Transferred Inventory is owned by Seller or an Affiliate of Seller free and clear of all Encumbrances. No Transferred Inventory is held on a consignment basis. Part 2.2 of the Disclosure Letter accurately sets forth the location of
all Transferred Inventory and accurately identifies the owner of all Transferred Inventory. 
 2.3 Equipment. 

(a) Part 2.3(a) of the Disclosure Letter accurately identifies as of the date of this Agreement all material items of Transferred Equipment,
and the location of such material items of Equipment. 
 (b) Part 2.3(b) of the Disclosure Letter accurately identifies as of the date of
this Agreement all material items of Equipment that are used in the Business and are (i) owned by a customer of the Business and (ii) physically located in one of Seller’s manufacturing facilities or a manufacturing facility of a
contract manufacturer for the Business. 
 (c) All of the Transferred Equipment and other Equipment owned by the Seller or any Affiliate of
the Seller in connection with the Business: (i) are structurally sound and in good operating condition and repair (ordinary wear and tear excepted) and are suitable for use in the ordinary course of business; and (ii) are adequate for the
uses to which they are being put in the ordinary operation of the Business. 
 2.4 Financial Statements; Absence of Changes. 

(a) The Seller has delivered to the Purchaser the unaudited pro forma statement of income for the Business for the twelve months ended
June 29, 2013 (the “Financial Statement Date,” and such statement of income, the “Business Financial Statements”). The Business Financial Statements are correct and complete in all material respects and
presents fairly in all material respects the results of operations of the Business for the period covered thereby, all in accordance with GAAP subject to reasonable pro forma estimates and assumptions. The Business Financial Statements have been
prepared from and is consistent with the accounting books and records of the Seller and its Affiliates. 
 (b) Between the Financial
Statement Date and the date of this Agreement, there has not occurred any Material Adverse Effect, the Business has not incurred any material Liabilities other than in the ordinary course of business, and the operations of the Business has been
conducted in the ordinary course of business. 
 (c) The books and Records of the Seller and each Affiliate of Seller that owns Transferred
Assets are complete are correct in all material respects, reflect all transactions affecting the Business and the Transferred Assets, and have consistently been maintained in accordance with sound business practices. 

2.5 Title to Tangible Assets. The Seller or the applicable Affiliate of the Seller owns, and has good and valid title to, all of the
Transferred Inventory and Transferred Equipment, free and clear of any Encumbrances. 

  
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 2.6 Intellectual Property; Information Technology.  

(a) The Transferred Patents constitute all U.S. and foreign Issued Patents and Patent Applications owned by the Company, Seller or any
Affiliate of Seller, and which are exclusively used in the operation of the Business. 
 (b) Part 2.6(b) of the Disclosure Letter accurately
lists (i) all of the registered and material unregistered Trademarks and applications for registration of Trademarks owned by the Company, and (ii) all of the registered and material unregistered Trademarks and applications for
registration of Trademarks owned by the Seller or any Affiliate of Seller and which are exclusively used in the operation of the Business, setting forth in each case, the name of the owners of the Trademarks and the jurisdictions in which the
Trademarks have been registered and trademark applications for registration have been filed. 
 (c) Part 2.6(c) of the Disclosure Letter
accurately lists (i) all of the registered Copyrights that are owned by the Company, and (ii) all of the registered Copyrights that are owned by the Seller or any Affiliate of Seller and which are exclusively used or exclusively held for
use in the operation of the Business, setting forth in each case, the name of the owners of the Copyrights and the jurisdictions in which Copyrights have been registered and applications for copyright registration have been filed. 

(d) The Transferred IP constitutes all Intellectual Property Rights (other than Patents) that are owned by the Company, Seller or any Affiliate
of Seller and which are exclusively used or exclusively held for use in the operation of the Business. 
 (e) Except as set forth on Part
2.6(e) of the Disclosure Letter, all Registered IP is valid, subsisting and enforceable. All required filings and fees related to the Registered IP due to be filed or paid before the date of Closing have been timely filed with and paid to the
relevant Governmental Bodies and authorized registrars. 
 (f) Part 2.6(f) of the Disclosure Letter contains a complete and accurate list of
(i) all Company Contracts and all Contracts pursuant to which Seller, the Company or any of its Affiliates has licensed or is obligated to license any Seller IP to a third party, excluding any non-exclusive licenses to Seller IP granted by
Seller or any of its Affiliates in the ordinary course of business incident to a sale of any products of the Business to an end-customer using Seller’s standard form of agreement (the “Out-Licenses”), or (ii) other than
Open Source Software licenses, all Company Contracts and all Contracts pursuant to which a third party has licensed any Intellectual Property Rights to Seller, the Company or any of Seller’s Affiliates that is (A) incorporated into the
Seller IP (other than Shrink-Wrap Code), or (B) is otherwise material to the Business or the Transferred Assets (the “In-Licenses”); excluding, for the purpose of (i) and (ii), employee agreements, agreements with
consultants and independent contractors and non-disclosure agreements entered into in the ordinary course of business (the Out-Licenses, together with the In-Licenses, the “License Agreements”). The Company, Seller, or the Affiliate
of Seller, as applicable, has performed all material obligations required to be performed by it to date under the License Agreements, and it is not (with or without the lapse of time or the giving of notice, or both) in material breach or material
default thereunder and, to the Knowledge of Seller, no other party to any License Agreement is (with or without the lapse of time or the giving of notice, or both) in material breach or material default thereunder. The Company, Seller or Affiliate,
as applicable, has not received any written notice of the intention of any party to terminate any License Agreement. 

  
 10 

 (g) Excluding (i) any in-licensed third-party Intellectual Property Rights embedded or
included in the Seller IP as set forth in Part 2.6(g) of the Disclosure Letter or pursuant to any Material Contract, and (ii) any Open Source Software embedded or included in the Seller IP, the Company, the Seller, or an Affiliate of the Seller
has, free and clear of all Encumbrances, good, marketable, and, to the Knowledge of the Seller, valid title to the Seller IP. To the Knowledge of the Seller, except as set forth on Part 2.6(g)-2 of the Disclosure Letter and subject to any rights
granted or restrictions contained in the License Agreements, the respective Company, Seller or Affiliate of Seller has a valid right to make, use, sell, offer for sale, license and otherwise exploit all Seller IP. 

(h) Except as set forth on Part 2.6(h) of the Disclosure Letter and subject to any rights granted or restrictions contained in the License
Agreements: 
 (i) Neither the Company, nor the Seller, nor an Affiliate of Seller jointly owns, licenses or claims any Seller IP with any
other Person that is exclusively used in the operation of the Business. 
 (ii) In the five (5) years prior to closing, no Person has
asserted or threatened a claim which would have a material adverse effect on the Company’s, Seller’s or any Affiliate’s ownership rights to, or rights under, any Seller IP, or restricts in any material respect the making, use,
selling, offering for sale, transfer, delivery or licensing of any product of the Business, or which may affect the validity, use or enforceability of any Seller IP. 

(iii) Neither the Company, nor the Seller, nor any Affiliate of Seller is subject to any Proceeding or Order restricting in any manner the
use, transfer or licensing of any Seller IP, or the use, transfer or licensing of any product of the Business, or which may affect the validity, use or enforceability of any Seller IP. 

(iv) To the Knowledge of the Seller, no Person is currently infringing any Seller IP. 

(v) To the Knowledge of the Seller, none of the Seller IP infringes or misappropriates any Intellectual Property Right or Technology of any
other Person. There is no pending or threatened (in writing) Proceeding alleging that any of the Seller IP has infringed or misappropriated any Intellectual Property Right or Technology of any other Person. 

(i) Seller has taken commercially reasonable measures to protect and maintain the confidentiality of all Trade Secrets embodied in the
Transferred Assets and the Company Assets, the Licensed Seller Intellectual Property in which it has any right, title or interest. Without limiting the generality of the foregoing, except as set forth on Part 2.6(i) of the Disclosure Letter, the
Company, Seller and its Affiliates have entered into binding, written agreements with every current and former employee and independent contractor of such Company, Seller or Affiliate involved in the creation, invention or discovery of any
[material] Owned IP or Trade Secret, to the extent either is embodied in any Transferred Asset, Licensed Seller Intellectual Property or Company Asset, whereby such employees and independent contractors either (i) assign or are obligated to
assign to the respective Company or the Seller or the Affiliate of Seller any ownership interest and right they may have in the Owned IP or Trade Secret; or (ii) otherwise acknowledge the Company’s or the Seller’s or its
Affiliate’s ownership of all Owned IP or Trade Secrets as work made for hire or otherwise. Seller has delivered to Purchaser true and complete copies of all such agreements. 

  
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 (j) Except as set forth on Part 2.6(j) of the Disclosure Letter: 

(i) To the Knowledge of Seller, all Patents listed on Part 2.6(a) of the Disclosure Letter and all Patents included as part of the Licensed
Seller Intellectual Property: (A) have been prosecuted in good faith and are in good standing, (B) have no inventorship challenges, and (C) no interference has been declared or provoked relating to any such Patents. 

(ii) To the Knowledge of the Seller, there is no material fact with respect to any Patent Application in which Seller or any Affiliate of
Seller has any right, title or interest and which are used or held for use in the operation of the Business that would (A) preclude the issuance of an Issued Patent from such Patent Application (with valid claims no less broad in scope than the
claims as currently pending in such Patent Application), (B) render any Issued Patent issuing from such Patent Application invalid or unenforceable, or (C) cause the claims included in such Patent Application to be narrowed. 

(j) The Company has implemented and is in compliance with adequate back-up and disaster recovery procedures and installations. 

(k) To the Knowledge of Seller, the use, management, documentation, maintenance, operation, development, testing and implementation of the
information technology at the Company have adequate business interruption recovery plans. The information technology of the Company, to the Knowledge of the Seller, does not involve any reasonably foreseeable risks of an event with a Material
Adverse Effect that have not been sufficiently addressed. 
 2.7 Proceedings; Orders. There is no pending Proceeding against or
involving the Seller, or any Affiliate of the Seller that owns Transferred Assets and, to the Knowledge of the Seller, no Person has threatened to commence any Proceeding against or involving the Seller or any Affiliate of the Seller that owns
Transferred Assets, in each case, that relates to, or affects, the Business, the Transferred Assets. There is no Order applicable to the Seller or any Affiliate of the Seller that relates to, or affects, the Business or the Transferred Assets. 

2.8 Compliance with Laws; Governmental Authorizations. 

(a) The Seller and each Affiliate of the Seller that owns Transferred Assets have complied, and are complying, in all material respects, with
all Legal Requirements applicable to the conduct and operation of the Business and the ownership and use of the Transferred Assets. No Proceeding has been commenced against the Seller or Affiliate of the Seller that owns Transferred Assets with
respect to any alleged violation of any Legal Requirement and none of them has received any written notice alleging any such violation, nor, to the Knowledge of Seller, is there any inquiry, investigation or proceedings relating to alleged
violations of respective Legal Requirements with respect to the conduct and operation of the Business and the ownership and use of the Transferred Assets. 

(b) All material Government Authorizations currently required for Seller and its Affiliates to conduct the Business as currently conducted or
for the ownership, use and operation of the Transferred Assets have been obtained by Seller and its Affiliates and are valid and in full force and effect. All fees and charges with respect to such Governmental Authorizations as of the date hereof
have been paid in full. Part 2.8(b) of the Disclosure Letter lists all material Governmental Authorizations currently issued to the Seller or an Affiliate of the Seller which are currently required for the conduct of the Business as currently
conducted or the ownership and use of the Transferred Assets, including the names of such Governmental Authorizations and their respective dates of issuance and expiration. To the Knowledge of the Seller, no event has occurred that, with or without
notice or lapse of time or both, would reasonably be expected to result in the revocation, suspension, lapse or limitation of any Government Authorization set forth in Part 2.8(b) of the Disclosure Letter. To the Knowledge of the Seller, no
Governmental Authorizations currently required to operate the Business are or will be terminated or otherwise affected by the transactions contemplated under or in connection with this Agreement. 

  
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 2.9 Environmental Matters. Except as identified on Part 2.9 of the Disclosure Letter: 

(a) The operations of Seller and the Affiliates of Seller with respect to the Business and the Transferred Assets are currently in compliance
in all material respects with all Environmental Laws. Seller has not received from any Person, with respect to the Business or the Transferred Assets, any: (i) Environmental Notice or Environmental Claim; or (ii) written request for
information pursuant to Environmental Law, which, in each case, either remains pending or unresolved, or is the source of ongoing Liability, Proceeding, Order, obligation or requirement as of the Closing Date. 

(b) Seller has obtained and is in compliance in all material respects with all Environmental Permits necessary for the conduct of the Business
as currently conducted and the ownership or use of the Transferred Assets and all such Environmental Permits are in full force and effect. 

(c) None of the Leased Real Property is listed on, or has been proposed for listing on, the National Priorities List (or CERCLIS) under CERCLA
or any similar state or foreign list that could give rise to liability of the Seller. 
 (d) To the Knowledge of the Seller, there has been
no Release of Hazardous Materials in contravention of Environmental Law with respect to the Leased Real Property. Seller has not received an Environmental Notice that the Leased Real Property (including soils, groundwater, surface water, buildings
and other structure located thereon) has been contaminated with any Hazardous Material which, in each case, could reasonably be expected to result in an Environmental Claim against, or a violation of Environmental Law or term of any Environmental
Permit by, Seller or any Affiliate of Seller. 
 (e) Part 2.9(e) of the Disclosure Letter contains a complete and accurate list of all active
or abandoned underground storage tanks owned or operated by Seller or any Affiliate of Seller at the Leased Real Property. 
 (f) Seller has
Made Available any and all environmental reports, studies, audits, records, sampling data, site assessments, risk assessments, and other similar documents with respect to the Leased Real Property, which are in the possession of Seller related to
Environmental Claims or an Environmental Notice or the Release of Hazardous Materials. 
 2.10 Employee and Labor Matters. 

 (a) With respect to each Eligible Employee (as each such term is defined in Section 9.1), to the extent not prohibited by
applicable Legal Requirements, the Seller has provided the Purchaser with the following information: (i) the name; (ii) date of hire; (iii) aggregate amounts of the compensation (including wages, salary, commissions, deferred
compensation, housing or car allowances, bonuses, profit-sharing payments and other payments) received by such employee from the Seller or any Affiliate of the Seller with respect to services performed in the
year ended December 31, 2012; (iv) such employee’s annualized base salary and bonus opportunity as of the date of this Agreement; (v) the location of such employee’s principal place of business; (vi) exempt/non-exempt
status; (iv) union membership or work council coverage; (viii) execution status of Intellectual Property Right assignments to the Seller or its Affiliates (including description thereof); and (ix) any accrued holiday and/or overtime
entitlement. 

  
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 (b) Except as set forth in Part 2.10(b) of the Disclosure Letter: (i) neither the Seller nor
any Affiliate of the Seller, is bound by, or a party to, or has a duty to bargain or consult with, any works council, labor union, association or other employee group, employee representative committee or similar body representing any Eligible
Employees, and (ii) no labor union or employee organization has been certified or recognized as the collective bargaining representative of any Eligible Employees. 

(c) During the past three (3) years there have not been any and, to the Knowledge of the Seller, there are, with respect to the Seller and
its Affiliates, no threatened, strikes, work stoppages, slowdowns, lockouts, union organizing campaigns, demands for recognition, or representation proceedings regarding or affecting any Eligible Employees. No mass layoffs (as defined by the Worker
Readjustment and Notification Act (29 U.S.C. § 2101)) have been announced since January 1, 2013 or are being planned. 
 (d) The
Seller and the Affiliates of Seller are, and for the past three (3) years have been, in compliance in all material respects with all applicable Legal Requirements respecting the employment of the Eligible Employees, including, but not limited
to Legal Requirements relating to equal employment opportunity, discrimination and/or harassment on the basis of race, national origin, religion, gender, disability, age, workers’ compensation, or any other protected classification, affirmative
action, hiring practices, immigration, workers’ compensation, unemployment compensation, the withholding and payment of payroll taxes and union dues, the payment of social security contributions, employment of minors, health and safety, labor
relations, collective bargaining agreements, payment of wages, hours worked, pay equity, employee classification, leaves of absence, plant closings, and mass layoffs. 

(e) The Seller and any Affiliate of Seller are, and for the past three (3) years have been, in compliance in all material respects with
all applicable collective bargaining agreements and other agreements respecting the Eligible Employees. 
 (f) Except as set forth on Part
2.10(f) of the Disclosure Letter, all of the Eligible Employees employed in the United States are employed at will. 
 (g) Except as set
forth on Part 2.10(g) of the Disclosure Letter, during the past three (3) years, there have not been any material claims, demands, or proceedings asserted against the Seller or any Affiliate of Seller by or on behalf of any Eligible Employee,
including, but not limited to, grievances, arbitration proceedings, unfair labor practice charges, discrimination charges, wage and hour complaints, and safety complaints. 

(h) Except as set forth in this Agreement, no proposal, assurance or commitment has been communicated to any Eligible Employee regarding any
material change to his or her terms of employment agreement or working conditions or regarding the continuance, introduction, increase or improvement of any benefits or any discretionary arrangement or practice. 

  
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 2.11 Employee Benefit Matters.  

(a) Part 2.11 of the Disclosure Letter lists material employee benefit plan, with respect to Transferred Employees (including each
“employee benefit plan” as defined in Section 3(3) of ERISA), maintained or contributed to (or required to be contributed to) by Seller or the Seller’s Affiliates for the benefit of Eligible Employees, or under which the Seller
or any Affiliate thereof has any Liability, including any retention, severance, equity-based, change in control, retirement, welfare, fringe benefit, incentive or deferred compensation plan, program or arrangement (each of the foregoing, a
“Seller Benefit Plan”). The Seller has provided to the Purchaser true and complete copies of each of such Seller Benefit Plans. Any Seller Benefit Plan which is intended to meet the requirements for tax-qualification under Sections
401(a) and 401(k) of the Code has been determined by the IRS to be so qualified (by IRS determination letter to the plan’s sponsor, or by IRS opinion letter to the prototype plan’s sponsor) and no event has occurred and no condition exists
with respect to the form or operation of such Seller Benefit Plan that would reasonably be expected to cause the loss of such qualification or exemption. 

(b) Each Seller Benefit Plan has been established, administered and maintained in material compliance with its terms and in material compliance
with all applicable Legal Requirements (including ERISA and the Code). All contributions required to have been made to all Seller Benefit Plans as of the Closing will have been made as of the Closing. There are no Proceeding or claims pending or, to
the Knowledge of the Seller, threatened (in writing) with respect to the Seller Benefit Plans (other than routine claims for benefits). 

(c) Neither Seller nor any of its ERISA Affiliates has (i) incurred or reasonably expects to incur, either directly or indirectly, any
material Liability under Title IV of ERISA or related provisions of the Code or foreign Legal Requirement relating to any Seller Benefit Plan; (ii) failed to timely pay premiums to the Pension Benefit Guaranty Corporation; or (iii) engaged
in any transaction which would give rise to liability under Section 4069 or Section 4212(c) of ERISA. 
 (d) With respect to each
Seller Benefit Plan, (i) no such plan is a “multiple employer plan” within the meaning of Section 413(c) of the Code or a “multiple employer welfare arrangement” (as defined in Section 3(40) of ERISA); and
(ii) no Action has been initiated by the Pension Benefit Guaranty Corporation to terminate any such plan or to appoint a trustee for any such plan. 

(e) Other than as required under Section 601 et. seq. of ERISA or other applicable Legal Requirement, no Seller Benefit Plan or other
arrangement provides post-termination or retiree welfare benefits to any individual for any reason. 
 (f) The term “Foreign
Plan” shall mean any Seller Benefit Plan that is maintained outside of the United States. Each Foreign Plan complies with all applicable Legal Requirement in all material respects. The Records of the Business accurately reflect the Foreign
Plan liabilities and accruals for contributions required to be paid to the Foreign Plans, in accordance with applicable generally accepted accounting principles consistently applied. All contributions required to have been made to all Foreign Plans
as of the Closing will have been made as of the Closing. There are no Proceedings or claims pending or, to the Knowledge of the Seller, threatened (in writing) with respect to the Foreign Plans (other than routine claims for benefits). 

2.12 Tax Matters.  

(a) There are no liens for Taxes upon any of the Transferred Assets other than for current Taxes not yet due and payable. 

  
 15 

 (b) Except as set forth on Part 2.12 of the Disclosure Letter, (1) all material Tax Returns
required to be filed on or before the Closing Date, insofar as related to the Transferred Assets, the Seller, or any Affiliate of Seller owning Transferred Assets, have been or will be timely filed (including pursuant to any applicable extension);
(2) all material Tax Returns, insofar as related to the Transferred Assets, the Seller, or any Affiliate of Seller owning Transferred Assets are true and correct and complete in all material respects; (3) all Taxes shown to be due and
payable on such Tax Returns have been paid or adequate reserves have been established for the payment of such Taxes; (4) no other material Taxes are payable, insofar as related to the Transferred Assets, the Seller, or any Affiliate of Seller
owning Transferred Assets with respect to items or periods covered by such Tax Returns; (5) no audit or examination or refund litigation with respect to any such Tax Return is pending or has been threatened in writing; and (6) no waivers
of statute of limitations have been given by or requested with respect to any Taxes of the Seller, or any Affiliate of Seller owning Transferred Assets. 

2.13 Real Property.  

(a) Seller does not own any real property used in the Business. 

(b) Part 2.13(b) of the Disclosure Letter sets forth each parcel of real property leased by the Seller or any Affiliate of the Seller that is
used primarily in the conduct of the Business as currently conducted (together with all rights, title and interest of Seller or such Affiliate in and to leasehold improvements relating thereto, including, but not limited to, security deposits,
reserves or prepaid rents paid in connection therewith, collectively, the “Leased Real Property”), and a true and complete list of all leases, subleases, licenses, concessions and other agreements (whether written or oral),
including all amendments, extensions renewals, guaranties and other agreements with respect thereto (collectively, the “Leases”). Seller has Made Available to Purchaser a true and complete copy of each Lease. With respect to each
Lease: 
 (i) Except as disclosed on Part 2.13(b)(i) of the Disclosure Letter, Seller or the Affiliate of Seller that is a party to the
Lease has not subleased, assigned or otherwise granted to any Person the right to use or occupy such Leased Real Property or any portion thereof; and 

(ii) Seller or such Affiliate of the Seller has not pledged, mortgaged or otherwise granted an Encumbrance on its leasehold interest in any
Leased Real Property. 
 (c) Neither Seller nor any Affiliate of the Seller has received any written notice of (i) material violations
of building codes and/or zoning ordinances or other Legal Requirements affecting the Leased Real Property, (ii) existing, pending or threatened condemnation proceedings affecting the Leased Real Property, or (iii) existing, pending or
threatened zoning, building code or other moratorium proceedings, or similar matters which could reasonably be expected to adversely affect in any material respect the ability to operate the Leased Real Property as currently operated. Neither the
whole nor any portion of any Leased Real Property has been materially damaged or destroyed by fire or other casualty since April 28, 2010. All improvements on the Leased Real Property, including all leasehold improvements, that were made after
April 28, 2010, are in compliance with all applicable Legal Requirements and Orders. 

  
 16 

 2.14 Authority; Binding Nature of Agreements. The Seller and each of the Seller’s
Affiliates has the right, power and authority to enter into, deliver and to perform its respective obligations under each of the Transactional Agreements to which it is or may become a party (including all right, power, capacity and authority to
sell, transfer, convey and surrender the Transferred Assets as provided by this Agreement); and the execution, delivery and performance by the Seller and each of the Seller’s Affiliates of the Transactional Agreements to which it is or may
become a party have been duly authorized by all necessary action on the part of the Seller (or such Affiliate) and their respective board of directors as required by any Legal Requirement, including any applicable Constituent Document. This
Agreement constitutes the legal, valid and binding obligation of the Seller, enforceable against the Seller in accordance with its terms, subject to: (a) Legal Requirements of general application relating to bankruptcy, insolvency,
reorganization, moratorium, fraudulent conveyance or other Legal Requirements from time to time in effect relating to creditors’ rights; and (b) remedies generally and general principles of equity. Upon the execution by the Seller or any
Affiliate of the Seller of each other Transactional Agreement to which the Seller or any Affiliate of the Seller is a party, such Transactional Agreement will constitute the legal, valid and binding obligation of the Seller or such Affiliate of the
Seller, as the case may be, and will be enforceable against the Seller or such Affiliate of the Seller, as the case may be, in accordance with its terms, subject to: (a) Legal Requirements of general application relating to bankruptcy,
insolvency, reorganization, moratorium, fraudulent conveyance or other Legal Requirements from time to time in effect relating to creditors’ rights; and (b) remedies generally and general principles of equity. 

2.15 Non-Contravention; Consents. Neither the execution and delivery by the Seller or any Affiliate of the Seller of any of the
Transactional Agreements, nor the consummation or performance by the Seller or any Affiliate of the Seller of any of the Transactions, will (with or without notice or lapse of time): 

(a) result in a violation of: (i) any of the provisions of the Organizing Documents of the Seller or any Affiliate of the Seller that owns
Transferred Assets; or (ii) any resolution adopted by the stockholders, board of directors or any committee of the board of directors of the Seller or any Affiliate of the Seller that owns Transferred Assets; 

(b) result in a violation of any Legal Requirement or any Order to which the Seller or any Affiliate of the Seller, or any of the Transferred
Assets, is subject; 
 (c) result in a material breach of any provision of, or material default under, or give any Person the right to
declare a default or accelerate the maturity or performance of, or payment under, or to cancel, terminate or modify, any Material Contract; 

(d) contravene, conflict with or result in a violation or breach of any of the terms or requirements of, or give any Governmental Body the
right to revoke, withdraw, suspend, cancel, terminate or modify, any material Governmental Authorization; or 
 (e) result in the creation or
imposition of an Encumbrance on the Transferred Assets. 
 Except as set forth on Part 2.15 of the Disclosure Letter, and except for the
filing with the United States Securities and Exchange Commission of such reports under the Securities Exchange Act of 1934, as amended (the “Exchange Act”) as may be required in connection with this Agreement, the other
Transactional Agreements and the Transactions, neither the Seller nor any Affiliate of the Seller is required to make any filing with or give any notice to, or to obtain any Consent from, any Governmental Body or other Person in connection with the
execution and delivery by the Seller or any Affiliate of the Seller of any of the Transactional Agreements or the consummation or performance by the Seller or any Affiliate of the Seller of any of the Transactions. 

  
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 2.16 Sufficiency of Assets. The Transferred Assets, together with the services to be
provided by the Seller or any of its Affiliates under the Transition Services Agreement and the Technology and Intellectual Property Rights to be licensed to the Purchaser or an Affiliate of the Purchaser under the Intellectual Property License
Agreement, will collectively constitute, as of the Closing Date, all of the material properties, rights, interests and other tangible and intangible assets necessary to enable the Purchaser to conduct the Business in all material respects in the
manner in which the Business is currently being conducted by the Seller and the Affiliates of the Seller; provided, however, that the foregoing shall not constitute a representation or warranty of non-infringement of Intellectual Property
Rights or any other matter covered by Section 2.6 of this Agreement. 
 2.17 Customers and Suppliers. 

(a) Part 2.17(a) of the Disclosure Letter sets forth with respect to the Business (i) each customer who has paid aggregate consideration
to Seller or any Affiliate of Seller for goods or services rendered in an amount greater than or equal to $5,000,000 in either of the two most recent fiscal years; and (ii) the amount of consideration paid by each such customer during such
periods. Neither Seller nor any Affiliate of Seller has received written notice or has Knowledge that any customer who has paid aggregate consideration to Seller or any Affiliate of Seller for goods or services rendered in an amount greater than or
equal to $2,500,000 in either of the two most recent fiscal years (each, “Material Customer”) has ceased, or that any such Material Customers intends to cease after the Closing, to purchase the goods or services of the Business or
to otherwise terminate or materially reduce its relationship with the Business. 
 (b) Part 2.17(b) of the Disclosure Letter sets forth with
respect to the Business (i) each supplier to whom the Seller and all Affiliates of Seller, in the aggregate, have paid consideration for goods or services rendered in an amount greater than or equal to $1,000,000 for the most recent fiscal year
(collectively, the “Material Suppliers”); and (ii) the amount of purchases from each Material Supplier during such period. Neither Seller nor any Affiliate of Seller has received any written notice or has Knowledge that any of
the Material Suppliers has ceased, or that any of such Material Suppliers intends to cease, to supply goods or services to the Business or to otherwise terminate or materially reduce its relationship with the Business. 

(c) Neither Seller nor any Affiliate of Seller has received any advance payments or deposits from any customer in consideration to Seller or
such Affiliate for the provision of goods or services of the Business after the Closing Date. 
 2.18 Trade Compliance Matters. 

(a) To the Knowledge of the Seller, neither Seller nor any Affiliate of Seller, nor any director, officer, agent, employee or other Person
acting on behalf of any or all of them, has with respect to the Business, in the course of its actions for, or on behalf of, the Business: (i) used any corporate funds for any unlawful contribution, gift, entertainment or other unlawful
expenses relating to political activity of for any illegal payments or undeserved benefits to the benefit of a Person, (ii) made any direct or indirect unlawful payment to any foreign or domestic government official or employee from corporate
funds, (iii) violated or is in violation of any provision of the U.S. Foreign Corrupt Practices Act of 1977, as amended, or (iv) made any unlawful bribe, rebate, payoff, influence payment, kickback or other unlawful payment to any foreign
or domestic government official or employee. 

  
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 (b) To the Knowledge of the Seller, the operations of the Seller and its Affiliates with respect
to the Business are and have been conducted at all times in material compliance with applicable financial recordkeeping and reporting requirements of the Currency and Foreign Transactions Reporting Act of 1970, as amended, the money laundering
statutes of all jurisdictions, the rules and regulations thereunder and any related or similar rules, regulations or guidelines, issued administered or enforced by any Governmental Body (collectively, the “Money Laundering Laws”)
and no action, suit or proceeding by or before any court or Governmental Body or any arbitrator involving the Business with respect to the Money Laundering Laws is pending or, to the Knowledge of Seller, threatened. 

(c) To the Knowledge of the Seller, Seller and its Affiliates’ operation of the Business is in compliance, in all material respects, with
applicable requirements, if any, of the Trading with the Enemy Act, as amended, and each of the foreign assets control regulations of the United States Treasury Department (31 CFR, Subtitle B, Chapter V, as amended) and any other enabling
legislation or executive order relating thereto. 
 (d) To the Knowledge of the Seller: 

(i) the Seller and its Affiliates, with respect to the Business, conduct, and have at all times since January 1, 2009 conducted, its
export and re-export transactions in all material respects in accordance with all applicable U.S. export and re-export controls, including the United States Export Administration Act and Export Administration Regulations, the Arms Export Control Act
and International Traffic in Arms Regulations and all regulations promulgated and administered by the Treasury Department’s Office of Foreign Assets Control (collectively “U.S. Export Controls”), respectively and related or
similar Legal Requirements issued, administered or enforced in other jurisdictions applicable to the Business; 
 (ii) since January 1,
2009, the Seller and its Affiliates have not received any written notification or communication from any Governmental Body asserting that the Seller or any Affiliate is not, with respect to the Business, in compliance, in any material respect, with
any U.S. Export Controls, nor has Seller or any Affiliate of Seller submitted any voluntary self-disclosure to any Governmental Body regarding any actual or potential violation of any U.S. Export Controls, or any similar Legal Requirements or
guidelines issued, administered or enforced in the jurisdictions concerned by the Business; 
 (iii) the Seller and its Affiliates possess
or have applied for all Permits from Governmental Bodies which are required under U.S. Export Controls (or similar Legal Requirements or guidelines issued, administered or enforced in the jurisdictions concerned by the Business) in order for the
Seller and the Affiliates to conduct the Business as presently conducted. To the Knowledge of Seller, (i) all such issued Permits are valid and in full force and effect and (ii) there is no formal proceeding pending of a, nor has the
Seller or any Affiliate of the Seller received a written notice from any, Governmental Body seeking or threatening to, modify, suspend, revoke, withdraw, terminate or otherwise limit any such Permit; and 

(iv) neither the Seller nor any Affiliate of Seller that owns Transferred Assets (i) is a Person whose property or interest in property
is blocked or subject to blocking pursuant to Section 1 of Executive Order 13224 of September 23, 2001 Blocking Property and Prohibiting Transactions with Persons Who Commit, Threaten to Commit, or Support Terrorism (66 Fed. Reg. 49079
(2001)), (ii) engages in any dealings or transactions prohibited by Section 2 of such executive order, or is otherwise associated with any such Person in any manner violative of Section 2 of such executive order or (iii) is a
Person on the list of Specially Designated Nationals and Blocked Persons. 

  
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 2.19 Related Party Matters. Except as set forth in Part 2.19 of the Disclosure Letter, or
pursuant to any Intercompany Contract, to the Knowledge of the Seller, neither the Seller nor any Related Party (as defined below) is, or has been since January 1, 2009, (i) a competitor, creditor, debtor, customer, distributor, supplier
or vendor of the Business or party to any Contract with, Seller or any Affiliate of Seller, with respect to the Business or (ii) an officer, director, employee, member, partner, family member, investor, shareholder or owner of any such Person
referred to in clause (i). As used herein “Related Party” means (X) any Affiliate of Seller, (Y) any officer or director of the Seller or Affiliate of Seller or (Z) or any Affiliate of any Person referred to in clause
(Y) above. All matters set forth on Part 2.19 of the Disclosure Letter shall be referred to as the “Related Party Arrangements”. 

2.20 Absence of Certain Events. Since the Financial Statements Date, and other than in the ordinary course of business consistent with
past practice, there has not been any: 
 (a) event, occurrence or development that has had, or could reasonably be expected to have,
individually or in the aggregate, a Material Adverse Effect; 
 (b) material change in any method of accounting or accounting practice for
the Business, except as required by GAAP; 
 (c) material change in inventory control procedures, prepayment of expenses, payment of trade
accounts payable (except that the Seller and its Affiliates have delayed payments of certain accounts payable in order to conserve cash), accrual of other expenses, and acceptance of customer deposits, cash management practices and policies,
practices and procedures with respect to collection of Accounts Receivable, establishment of reserves for uncollectible Accounts Receivable, accrual of Accounts Receivable, in each case, with respect to the Business; 

(d) relocation, transfer, assignment, sale or other disposition of any of the Transferred Assets, except for the sale of Transferred Inventory
in the ordinary course of business; 
 (e) transfer, assignment or grant of any license or sublicense of any rights under or with respect to
any Intellectual Property Rights or Technology; 
 (f) material damage, destruction or loss, or any material interruption in use, of any
Transferred Asset, whether or not covered by insurance; 
 (g) purchase, lease or other acquisition of the right to own, use or lease any
property or assets in connection with the Business for an amount in excess of $500,000, individually (in the case of a lease, per annum) or $1,000,000 in the aggregate (in the case of a lease, for the entire term of the lease, not including any
option term), except for purchases of Transferred Inventory in the ordinary course of business consistent with past practice; 
 (h) grant of
any bonuses, whether monetary or otherwise, or increase in any wages, salary, severance, pension or other compensation or benefits in respect of any employees, officers, directors, independent contractors or consultants of the Business, other than
as required in any existing written agreements or required by applicable Legal Requirements, (ii) change in the terms of employment for any employee of the Business or any termination of any employees for which the aggregate costs and expenses
exceed $50,000, or (iii) action to accelerate the vesting or payment of any compensation or benefit for any employee, officer, director, consultant or independent contractor of the Business; 

  
 20 

 (i) adoption, modification or termination of any: (i) severance or retention agreement with
any current or former employee, officer, director, independent contractor or consultant of the Business, (ii) Seller Benefit Plan, or (iii) collective bargaining or other agreement with a labor union or works council, in each case whether
written or oral; or 
 (j) entry into any commitment or Contract to do any of the foregoing. 

2.21 Insurance. Part 2.21 of the Disclosure Letter lists all insurance policies (including the name of each carrier, coverage types and
limits, policy numbers and expiration dates) to which the Seller or any Affiliate of Seller is a party and which relate to the Business or the Transferred Assets. All insurance policies listed on Part 2.21 of the Disclosure Letter are valid and in
effect as of the Closing Date. Neither Seller nor any Affiliate of Seller is in default with respect to any provisions of any liability or other forms of insurance held by it and listed on Part 2.21 of the Disclosure Letter or has failed to give any
material notice or present any material claim thereunder in a due and timely fashion. During the past twelve (12) months, and with respect to the Business and the Transferred Assets, neither the Seller nor any Affiliate of the Seller has been
denied any application for insurance or had any insurance policy terminated nor have any of them been notified of any pending termination. There is no claim in an amount exceeding USD $500,000 outstanding under any of the insurance policies (or
under any policies previously held by the Seller or its Affiliates with respect to the Business. 
 2.22 Books and Records. The books
of account and other financial Records of the Business (including electronically kept records), all of which have been Made Available to Purchaser, are complete and correct and represent actual, bona fide transactions and have been maintained in
accordance with sound business practices and the requirements of Section 13(b)(2) of the Exchange Act (regardless of whether the Seller is subject to that Section or not), including the maintenance of an adequate system of internal controls.

 2.23 Disclaimer of the Seller. The Transferred Assets are being sold on an “as is” basis as of the Closing and in their
condition as of the Closing “with all faults” and, except as set forth in this Section 2, none of the Seller, any Affiliate of the Seller or any of their respective Representatives makes or has made any other representations or
warranties, express or implied, at law or in equity, in respect of the Business, any Transferred Assets or any Assumed Liabilities, including with respect to: (a) merchantability or fitness for any particular purposes; (b) the operation of
the Business by the Purchaser or any Affiliate of the Purchaser; or (c) the probable success or profitability of the Business after the Closing. 

2.24 Brokers. Except as set forth in Part 2.24 of the Disclosure Letter, no broker, finder or investment banker is entitled to any
brokerage, finder’s or other fee or commission in connection with the transactions contemplated by this Agreement or any other Transactional Agreement based upon arrangements made by or on behalf of Seller. 

3. REPRESENTATIONS AND WARRANTIES OF THE PURCHASER. 

The Purchaser represents and warrants, to and for the benefit of the Seller, as follows: 

3.1 Due Organization. The Purchaser and each Affiliate of the Purchaser that is involved in any of the Transactions is a corporation
duly organized, validly existing and in good standing under the Legal Requirements of the jurisdiction of its organization. 

  
 21 

 3.2 Authority; Binding Nature of Agreements. The Purchaser and each of its Affiliates has
right, power and authority to enter into, deliver and to perform its obligations under each of the Transactional Agreements to which it is or may become a party; and the execution, delivery and performance by the Purchaser and each of its Affiliates
of the Transactional Agreements to which it is or may become a party have been duly authorized by all necessary action on the part of the Purchaser (or such Affiliate) and its board of directors. Neither the Purchaser nor any Affiliate of the
Purchaser is required to obtain the approval of its stockholders in connection with the execution, delivery and performance of any of the Transactional Agreements. This Agreement constitutes the legal, valid and binding obligation of the Purchaser,
enforceable against the Purchaser in accordance with its terms, subject to: subject to: (a) Legal Requirements of general application relating to bankruptcy, insolvency, reorganization, moratorium, fraudulent conveyance or other Legal
Requirements from time to time in effect relating to creditors’ rights; and (b) remedies generally and general principles of equity. Upon the execution by the Purchaser or any Affiliate of the Purchaser of each other Transactional
Agreement to which the Purchaser or any Affiliate of the Purchaser is a party, such Transactional Agreement will constitute the legal, valid and binding obligation of the Purchaser (or such Affiliate), and will be enforceable against the Purchaser
(or such Affiliate) in accordance with its terms, subject to: (i) Legal Requirements of general application relating to bankruptcy, insolvency, reorganization, moratorium, fraudulent conveyance or other Legal Requirements from time to time in
effect relating to creditors’ rights; and (ii) remedies generally and general principles of equity. 
 3.3 Non-Contravention;
Consents. Neither the execution and delivery by the Purchaser or any Affiliate of the Purchaser of any of the Transactional Agreements, nor the consummation or performance by the Purchaser or any Affiliate of the Purchaser of any of the
Transactions, will (with or without notice or lapse of time): 
 (a) result in a violation of: (i) any of the provisions of the
Organizing Documents of the Purchaser or any Affiliate of the Purchaser; or (ii) any resolution adopted by the stockholders, board of directors or any committee of the board of directors of the Purchaser or any Affiliate of the Purchaser; 

(b) result in a violation of any Legal Requirement or any Order to which the Purchaser or any Affiliate of the Purchaser is subject; or 

(c) result in a material breach of any provision of or material default under, or result in a default under, any provision of any Contract to
which the Purchaser or any Affiliate of the Purchaser is a party or by which the Purchaser or any Affiliate of the Purchaser is bound. 
 Except as
disclosed on Part 3.3 of the Disclosure Letter, neither the Purchaser nor any Affiliate of the Purchaser is required to make any filing with or give any notice to, or to obtain any Consent from, any Governmental Body in connection with the execution
and delivery by the Purchaser or any Affiliate of the Purchaser of any of the Transactional Agreements or the consummation or performance by the Purchaser or any Affiliate of the Purchaser of any of the Transactions. 

3.4 Funding. The Purchaser currently has available, and at the Closing will continue to have available, sufficient cash to enable it to
pay the Purchase Price and all other amounts payable pursuant to this Agreement and the other Transactional Agreements or otherwise necessary to consummate the Transactions. Upon the consummation of the Transactions: (a) the Purchaser will not
be insolvent; (b) the Purchaser will not be left with unreasonably small capital; (c) the Purchaser will not have incurred debts beyond its ability to pay such debts as they mature; and (d) the capital of the Purchaser will not be
impaired. 

  
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 3.5 Proceedings; Orders. There is no pending Proceeding against or involving the Purchaser
or any Affiliate of the Purchaser, and, to the Knowledge of the Purchaser, no Person has threatened (in writing) to commence any Proceeding against or involving the Purchaser or any Affiliate of the Purchaser that challenges, or that may have the
effect of preventing, materially delaying, making illegal or otherwise materially interfering with, any of the Transactions. To the Knowledge of the Purchaser, there is no Order that would reasonably be expected to have: (a) an adverse effect
on the ability of the Purchaser or any Affiliate of the Purchaser to comply with or perform any material covenant or obligation under any of the Transactional Agreements; or (b) the effect of preventing, materially delaying, making illegal or
otherwise materially interfering with any of the Transactions. 
 3.6 Independent Investigation; Seller’s Representations. The
Purchaser has conducted its own independent investigation, review and analysis of the business, operations, assets, liabilities, results of operations, financial condition, software, technology and prospects of the Business, which investigation,
review and analysis was done by the Purchaser and its Affiliates and Representatives. In entering into this Agreement, the Purchaser acknowledges that it has relied solely upon the aforementioned investigation, review and analysis and not on any
factual representations or opinions of the Seller, its Affiliates, or their respective Representatives (except the specific representations and warranties of the Seller set forth in Section 2 as qualified by the Disclosure Letter). The
Purchaser hereby agrees and acknowledges that: other than the representations and warranties made in Section 2 (as qualified by the Disclosure Letter), none of the Seller, the Seller’s Affiliates or any of their respective
Representatives make or have made any representation or warranty, express or implied, at law or in equity, with respect to the Transferred Assets, the Assumed Liabilities or the Business including as to: (i) merchantability or fitness for any
particular use or purpose; (ii) the operation of the Business by the Purchaser or any Affiliate of the Purchaser; or (iii) the probable success or profitability of the Business after the Closing. 

3.7 Brokers. Except as set forth on Part 3.7 of the Disclosure Letter, no broker, finder or investment banker is entitled to any
brokerage, finder’s or other fee or commission in connection with the transactions contemplated by this Agreement or any other Transactional Agreement based upon arrangements made by or on behalf of Purchaser. 

4. COVENANTS. 
 4.1 Bulk Sales
Laws. The parties hereby waive compliance with the provisions of any bulk sales, bulk transfer or similar Legal Requirements of any jurisdiction that may otherwise be applicable with respect to the sale of any or all of the Transferred Assets to
the Purchaser. 
 4.2 Non-Competition.  

(a) For all purposes of and under this Agreement, the following capitalized terms shall have the following respective meanings: 

(i) “Competing Business” shall mean the business of designing, developing, manufacturing, selling, licensing, marketing,
distributing, maintaining and supporting products of the Business as of the date of this Agreement. 
 (ii) “Competing
Territory” shall mean anywhere in the world where products or services of the Business are designed, manufactured, purchased, assembled, distributed or sold, including without limitation the United States of America, the United Kingdom, and
the People’s Republic of China. 

  
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 (b) Seller acknowledges and agrees that Purchaser would be irreparably damaged if Seller, or any
of its Affiliates, were to participate in a Competing Business and that any such competition by Seller (or its Affiliates) would result in a significant loss of goodwill by the Purchaser. Seller further acknowledges and agrees that the covenants and
agreements set forth in this Section 4.2 were a material inducement to Purchaser to enter into this Agreement and to perform its obligations hereunder, and that Purchaser would not obtain the full benefit of the bargain set forth in this
Agreement as specifically negotiated by the Parties hereto if Seller breached the provisions of this Section 4.2. Therefore, Seller agrees, in further consideration of the amounts to be paid hereunder for the Transferred Assets, except
with the prior written consent of the Purchaser, at all times until the date that is 60 months following the Closing Date, Seller shall not, and shall cause its Affiliates not to, directly or indirectly, engage in, conduct, manage, operate, own,
control or participate in the management of a Competing Business in the Competing Territory or any portion thereof. Seller acknowledges that the Business has been conducted or is presently proposed to be conducted throughout the Competing Territory
and that the time and geographic restrictions set forth above are reasonable and necessary to protect the goodwill of the Business being sold by Seller pursuant to this Agreement. 

(c) Notwithstanding anything to the contrary in this Section 4.2, Seller and its Affiliates may: 

(i) acquire and continue to operate any Person that conducts a Competing Business if in the calendar year prior to the acquisition, the
consolidated revenues of that Person (“Target”) from its Competing Business do not constitute more than 20% of the total consolidated revenues of Target; 

(ii) purchase products or services from third parties that are engaged in a Competing Business; or 

(iii) hold and make passive indirect investments, through a publicly traded mutual fund or similar investment, in publicly traded securities
or other equity interests not to exceed a five percent (5%) ownership interest in such Person; provided that Seller and its Affiliates do not actively participate in or control, directly or indirectly, any investment or other decisions with
respect to such investment. 
 (d) Notwithstanding anything to the contrary in this Section 4.2, if any Person acquires control
of Seller or any of its Affiliates, whether by stock purchase, merger, consolidation or other business combination, and such Person or an Affiliate of such Person is engaged in a Competing Business at the time of such acquisition, the provisions of
this Section 4.2 shall terminate effective upon the consummation of such acquisition by such Person, and the provisions of this Section 4.2 shall not have any further force or effect. 

(e) The Parties acknowledge that nothing in this Section 4.2 shall limit or restrict (i) the ability of the Parties to perform
any of their obligations under any of the Transactional Agreements or (ii) to perform or receive the obligations or benefits under any non-assignable Transferred Assets pursuant to Section 1.9 of this Agreement. 

  
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 4.3 Patent Files. Within 30 calendar days of the Closing Date, Seller shall deliver a
letter of instruction, in form and substance reasonably acceptable to Purchaser, to each legal counsel of Seller or any Affiliate of Seller that has in its possession Patent prosecution files that related to any Transferred Patents, instructing such
counsel to release such files upon Purchaser’s request (and at Purchaser’s sole expense). 
 4.4 Records. Within 60 calendar
days of the Closing Date, Seller shall deliver to Purchaser copies of all Records related to the Business but which are not Transferred Books. 

4.5 Audited Financial Statements. After the Closing, the Seller will cause to be prepared the consolidated balance sheet of the Business
as of June 29, 2013 and the related consolidated statements of income and cash flows of the Business for the period ending on June 29, 2013, prepared in accordance with GAAP on a basis consistent with the basis in which the Seller and its
Affiliates have applied GAAP historically, and shall deliver such statements to Grant Thornton, LLP promptly to enable the preparation of an audit of such statements for delivery to the Purchaser within sixty (60) days following the Closing
Date (as audited, the “Audited Financial Statements”). Seller and Purchaser shall share equally the cost of the Audited Financial Statements. Purchaser shall cooperate and assist the Seller and its Representatives, at
Purchaser’s cost, with respect to the preparation of the Audited Financial Statements and shall ensure that the Seller and its Representatives, upon reasonable notice, are provided with access to the Representatives, personnel and assets of the
Business to the extent necessary for the Representatives to timely prepare the Audited Financial Statements, including all existing books, Records, Tax Returns, work papers and other documents and information relating to the Business. 

4.6 Non-Solicitation. Following the Closing Date for a period of two (2) years: 

(a) Purchaser shall not, and shall cause its Affiliates not to, solicit to employ, or solicit to provide services to Purchaser or any of its
Affiliates, any employee of Seller or its Affiliates who is then-employed by Seller or its Affiliates; and 
 (b) Seller shall not, and shall
cause its Affiliates not to, solicit to employ, or solicit to provide services to Seller or any of its Affiliates, any employee of Purchaser or its Affiliates who is then-employed by Purchaser or its Affiliates. 

For purposes of this Section 4.6, the term “solicit” shall not be deemed to include generalized searches for employees
through media advertisements or employment firms. 
 4.7 [Change of Corporate Name. Within 30 days of the Closing Date, the Purchaser
shall cause the name of Avanex Communication Technologies Co. to be changed to a name that does not contain the word “Avanex” or any other trademark of, or is confusingly similar to the name of, the Seller or any of its Affiliates.]4 
 4.8 Non-Disclosure Agreements. Promptly following the Closing, Seller shall and
shall cause its Affiliates to use commercially reasonable efforts to cause all counterparties to nondisclosure agreements pertaining to an acquisition of the Business to return or destroy all confidential information of the Business provided by
Seller or any Affiliate of Seller thereunder. In the event either Purchaser or Seller (or any of their respective Affiliates) become aware of noncompliance by any such counterparty, then the Party learning of such non-compliance shall notify the
other Party and thereafter, upon written request from Purchaser, Seller or such Affiliate shall assign to Purchaser or an Affiliate of Purchaser all rights to enforce such nondisclosure agreements, or if such rights are not assignable, shall enforce
such rights on behalf of Purchaser or Purchaser’s Affiliate (at the expense of Purchaser or such Affiliate). 
  

	4 	Note to Draft: Applicable only in the event Purchaser elects to acquire shares of Avanex Communication Technologies Co. 

  
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 5. SELLER’S CLOSING DELIVERABLES. 

At Closing, Seller shall deliver the following to Purchaser (the terms of which shall be negotiated by the Parties in good faith and any of
which may be waived by the Purchaser, in whole or in part, in writing), each of which shall be in full force and effect: 
 5.1 a Transition
Services Agreement, in form and substance mutually agreeable to the Purchaser and the Seller (the “Transition Services Agreement”), duly executed by the parties thereto (other than the Purchaser or any Affiliate of Purchaser); 

5.2 an Intellectual Property License Agreement in form and substance mutually agreeable to the Purchaser and the Seller, which shall be on an
exclusive basis with respect to Intellectual Property within the field of use encompassed by the Business (the “Intellectual Property License Agreement”), duly executed by the parties thereto (other than the Purchaser); 

5.3 bills of sale with respect to the Transferred IP, Transferred Inventory, Transferred Equipment, Transferred Books and Transferred
Governmental Authorizations, in form and substance mutually agreeable to the Purchaser and the Seller (the “Bills of Sale”), duly executed by the Seller or the Affiliate of the Seller that owns the respective Transferred Asset; 

5.4 assignment agreements with respect to the Transferred Patents and Transferred Contracts, in form and substance mutually agreeable to the
Purchaser and the Seller (the “Assignment Agreements”), duly executed by the Seller or the Affiliate of the Seller that owns the Transferred Patent or is a party to the Transferred Contract; 

5.5 a certificate signed by the Secretary of each of Seller and each Affiliate of the Seller that owns Transferred Assets certifying as true
and correct as of the Closing Date: (i) the Constituent Documents of the respective entities signing the certificate; (ii) the incumbency of the officers of such entities that are signing any of the Transactional Agreements; and
(iii) the resolutions of the boards of directors (or equivalent managing bodies) of such entities approving the Transactional Agreements to which they are a party and the transactions contemplated therein; 

5.6 a spreadsheet accurately and completely setting forth the payment instructions for any payments required to be made at Closing, duly
executed by the Seller; 
 5.7 the Non-UK Transfer Documents, duly executed by the owner of the respective Transferred Assets; 

5.8 evidence of the termination or release, in each case in a manner reasonably satisfactory to Purchaser, of all Encumbrances on the
Transferred Assets; 
 5.9 such documents and instruments as may be necessary to effect the transfer to Purchaser or an Affiliate of
Purchaser of the Equity Interest; and 

  
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 5.10 such other documents as the Purchaser may request in good faith for the purpose of
facilitating the consummation or performance of any of the Transactions. 
 6. PURCHASER’s CLOSING DELIVERABLES. 

At Closing, Purchaser shall deliver the following to Seller (the terms of which shall be negotiated by the Parties in good faith and any of
which may be waived by the Purchaser, in whole or in part, in writing), each of which shall be in full force and effect: 
 6.1 the
Transition Services Agreement, duly executed by the Purchaser or an Affiliate of the Purchaser; 
 6.2 the Assumption Agreement, duly
executed by the Purchaser or an Affiliate of the Purchaser; 
 6.3 the Intellectual Property License Agreement, duly executed by the
Purchaser or an Affiliate of the Purchaser; 
 6.4 a certificate signed by the Chief Executive Officer of the Purchaser and each Affiliate of
the Purchaser that is purchasing Transferred Assets certifying as true and correct as of the Closing Date: (i) the Constituent Documents of the respective entities signing the certificate; (ii) the incumbency of the officers of such
entities that are executing the Transactional Agreements; (iii) the resolutions of the such entities approving the Transactional Agreements to which they are a party and the transactions contemplated therein; and (iv) the incumbency of
each officer for each entity that is purchasing any Transferred Assets, duly executed by the respective parties; 
 6.5 such assignments,
assumption agreements and other documents as the Seller may, acting reasonably and in good faith, determine to be necessary or appropriate to effect the assumption of the Assumed Liabilities; and 

6.6 such other documents as the Seller may request in good faith for the purpose of facilitating the consummation or performance of any of the
Transactions. 
 7. CLOSING CONDITIONS; TERMINATION. 

7.1 Closing Conditions. The Purchaser’s obligation to purchase, and the Seller’s obligation to sell and transfer the
Transferred Assets, and to take the other actions required to be taken by the Purchaser and the Seller, respectively, at the Closing is subject to the satisfaction, at or prior to the Closing, of the following conditions: 

(a) confirmation from the German Cartel Office (Bundeskartellamt) pursuant to Chapter VII of the German Act against Restrictions of
Competition of 1958 (Gesetz gegen Wettbewerbsbeschränkungen) that no action will be taken by the German Cartel Office with respect to the transactions contemplated by this Agreement (the “Anti-Trust Approval”); and 

(b) no temporary restraining order, preliminary or permanent injunction or other Order preventing the consummation of any of the Transactions
shall have been issued by any court of competent jurisdiction and remain in effect, and there shall not be any Legal Requirement enacted or deemed applicable to any of the Transactions that makes consummation of the Transactions illegal. 

  
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 7.2 Termination Events. This Agreement may be terminated prior to the Closing: 

(a) by the mutual written consent of the Purchaser and the Seller; 

(b) by the Purchaser if the Closing has not taken place on or before December 1, 2013 (other than as a result of any failure on the part
of the Purchaser to comply with or perform its covenants and obligations under this Agreement); or 
 (c) by the Seller if the Closing has
not taken place on or before December 1, 2013 (other than as a result of any failure on the part of the Seller to comply with or perform any covenant or obligation set forth in this Agreement). 

7.3 Termination Procedures. If the Purchaser wishes to terminate this Agreement pursuant to Section 7.2(b), the Purchaser
shall deliver to the Seller a written notice stating that the Purchaser is terminating this Agreement. If the Seller wishes to terminate this Agreement pursuant to Section 7.2(c), the Seller shall deliver to the Purchaser a written
notice stating that the Seller is terminating this Agreement. 
 7.4 Effect of Termination. If this Agreement is terminated pursuant
to Section 7.1, all further obligations of the parties under this Agreement shall terminate; provided, however, that: (a) no party shall be relieved of any obligation or other Liability arising from any intentional breach by
such party of any representation or warranty contained in this Agreement or material breach by such party of any covenant contained in this Agreement; and (b) the parties shall, in all events, remain bound by and continue to be subject to the
provisions set forth in Section 10.4, 10.5, 10.6, 10.7, 10.8, 10.9, 10.10, 10.11, 10.12, 10.13, 10.14, 10.15, 10.16 and 10.17. 
 8.
INDEMNIFICATION, ETC. 
 8.1 Survival of Representations and Warranties. 

(a) All agreements and covenants in this Agreement shall survive the Closing indefinitely or otherwise in accordance with their terms. 

(b) The representations and warranties made by the Seller in Sections 2.5 and 2.6(g) of this Agreement shall survive the Closing
indefinitely (each, a “Fundamental Rep”), and the representations and warranties made by the Seller in Sections 2.9 and 2.12 of this Agreement (each, an “SOL Rep”) shall survive the Closing until one month
after the applicable statute of limitations (the “SOL Representation Termination Date”). All representations and warranties made by the Seller in this Agreement other than the Fundamental Reps and SOL Reps shall expire at 5:00 p.m.,
United States Pacific Standard Time, on December 31, 2014 (the “General Representation Termination Date”), and the representations and warranties made by the Purchaser in this Agreement shall expire on the General
Representation Termination Date; provided, however, that if a Claim Notice (as defined below) relating to any representation or warranty of the Seller in this Agreement is given to the Seller on or prior to the General Representation
Termination Date or the SOL Representation Expiration Date, as applicable, or if a Claim Notice relating to any representation or warranty of the Purchaser in this Agreement is given to the Purchaser on or prior to the General Representation
Termination Date, then the claim(s) asserted in such Claim Notice shall survive the General Representation Termination Date or the SOL Representation Expiration Date, as applicable, until such time as such claim is (or claims are) fully and finally
resolved. 

  
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 (c) The limitations set forth in Section 8.1(b) shall not apply in the case of fraud.

 (d) For purposes of this Agreement, a “Claim Notice” relating to a particular representation or warranty shall be deemed
to have been given if any Indemnitee, acting in good faith, delivers to the Seller or the Purchaser, as applicable, a written notice stating that such Indemnitee believes that there is or has been a breach of such representation or warranty,
asserting a claim for recovery under Section 8.2 in the case of a breach by the Seller or under Section 8.3 in the case of a breach by the Purchaser, and setting forth in reasonable detail: (i) the basis for, and a
reasonable description of the circumstances supporting, such Indemnitee’s belief that there is or has been such a breach; and (ii) a non-binding, preliminary estimate of the aggregate dollar amount of the actual and potential Damages that
have arisen and may arise as a result of such breach. 
 8.2 Indemnification by the Seller. From and after the Closing Date (but
subject to the limitations set forth in this Section 8), the Seller shall indemnify each of the Purchaser Indemnitees on a pound for pound basis against all Damages that are incurred by any of the Purchaser Indemnitees and that arise
from: 
 (a) any inaccuracy in or breach of any of the representations or warranties made by the Seller in this Agreement; 

(b) any breach of any covenant or obligation of the Seller contained in this Agreement; or 

(c) any Excluded Liabilities. 

8.3 Indemnification by the Purchaser. From and after the Closing Date (but subject to the limitations set forth in this
Section 8), the Purchaser shall indemnify each of the Seller Indemnitees on a pound for pound basis against all Damages that are incurred by any of the Seller Indemnitees and that arise from: 

(a) any inaccuracy in or breach of any of the representations or warranties made by the Purchaser in this Agreement; 

(b) any breach of any covenant or obligation of the Purchaser contained in this Agreement; or 

(c) the Transferred Assets and the Assumed Liabilities. 

8.4 Limitations on Indemnification.  

(a) Subject to Section 8.4(d), the Seller shall not be required to make any indemnification payment pursuant to
Section 8.2(a) until such time as the total amount of all Damages that have been incurred by any one or more of the Purchaser Indemnitees and with respect to which any indemnification payment would otherwise be available to the Purchaser
Indemnitees pursuant to such section, exceeds an aggregate of $440,000 (the “Deductible Amount”). If the total amount of such Damages exceeds the Deductible Amount, the Purchaser Indemnitees shall be entitled to be indemnified only
against the amount of such Damages exceeding the Deductible Amount. Subject to Section 8.4(e), the Purchaser shall not be required to make any indemnification payment pursuant to Section 8.3(a) until such time as the total
amount of all Damages that have been incurred by any one or more of the Seller Indemnitees and with respect to which any indemnification payment would otherwise be available to the Seller Indemnitees pursuant to such section exceeds the Deductible
Amount. If the total amount of such Damages exceeds the Deductible Amount, the Seller Indemnitees shall be entitled to be indemnified only against the amount of such Damages exceeding the Deductible Amount. 

  
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 (b) Subject to Section 8.4(e), the maximum amount of indemnifiable Damages which may
be recovered by the Purchaser Indemnitees from the Seller with respect to (i) the matters described in Section 8.2(a), Section 8.2(b) and Section 8.2(c) shall be an aggregate amount equal to the Indemnification Holdback
Amount. 
 (c) Subject to Section 8.4(e), the maximum amount of indemnifiable Damages which may be recovered by the Seller
Indemnitees from the Purchaser with respect to the matters described in Section 8.3(a) and 8.3(b) shall be an aggregate amount equal to $4,000,000. 

(d) The amount of Damages recoverable by any Indemnitees hereunder shall be reduced by the amount of any insurance proceeds actually paid to
the Indemnitee, and the Tax benefits to which any of the Purchaser Indemnitees is entitled, relating to such Damages, after deducting all attorneys fees, expenses and other costs of recovery and any deductible associated therewith to the extent
paid. 
 (e) The limitations on the indemnification obligations of the Seller and the Purchaser set forth in Sections 8.4(a),
8.4(b), and 8.4(c) shall not apply to any Damages arising from any inaccuracy in or breach of any Fundamental Representation or in the case of fraud. 

8.5 Exclusive Remedy. Subject to any injunction or other equitable remedies that may be available to the Indemnitees, from and after the
Closing Date, the Indemnitors shall not be liable or responsible in any manner whatsoever (whether for indemnification or otherwise) to the Indemnitees for a breach of this Agreement or , the Bills of Sale, the Assumption Agreements, and the Non-UK
Transfer Document except as expressly provided in this Section 8, and, subject to the foregoing, this Section 8 provides the exclusive remedy and cause of action of Indemnitees against any Indemnitor with respect to any
matter arising out of or in connection with a breach of this Agreement; provided, however, that no claim against an Indemnitor for fraud by such Indemnitor shall be subject to the limitations of this Section 8.5. 

8.6 Holdback. A Purchaser Indemnitee shall be paid from the Indemnification Holdback Fund the amount of any Damage for which it has been
finally determined in accordance with Part 10.9(d) of the Disclosure Letter that such Purchaser Indemnitee is entitled to indemnification pursuant to this Section 8, promptly after such final determination. So long as any of the
Indemnification Holdback Amount remains in the Indemnification Holdback Fund, the Indemnification Holdback Fund shall be the sole source of recovery for any Damage incurred by a Purchaser Indemnitee under Section 8.2 of this Agreement.
The period during which claims for indemnification from the Indemnification Holdback Fund may be initiated shall commence on the Closing Date and terminate at 5:00 p.m., Pacific Time, on December 31, 2014 (the “Indemnification Holdback
Claim Period”). Notwithstanding anything to the contrary in this Agreement, on the date of expiration of the Indemnification Holdback Claim Period, such portion of the Indemnification Holdback Fund as may be necessary, in the reasonable
judgment of Purchaser, to satisfy any then unresolved or unsatisfied claims for Damages (to the extent specified in any Claims Notice delivered to the Seller pursuant to Section 8.2 prior to the expiration of the Indemnification Holdback Claim
Period) shall remain in the Indemnification Holdback Fund until such claims for Damages have been resolved or satisfied in accordance with this Article 8. Within three business days after the date of expiration of the Indemnification Holdback Claim
Period, the Indemnification Holdback Fund, less any amount determined pursuant to the previous sentence, shall be paid by the Purchaser to the Seller. 

  
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 8.7 Defense of Third Party Claims. In the event of the assertion or commencement by any
Person of any Proceeding with respect to which any Indemnitee may be entitled to indemnification pursuant to this Section 8, the Indemnitor shall have the right, at its election, to proceed with the defense (including settlement or
compromise) of such Proceeding on its own with counsel reasonably satisfactory to the Indemnitee; provided, however, that the Indemnitor may not settle or compromise any such Proceeding without the prior written consent of the Indemnitee. The
Indemnitee shall give the Indemnitor prompt notice after it becomes aware of the commencement of any such Proceeding against the Indemnitee; provided, however, any failure on the part of the Indemnitee to so notify the Indemnitor shall not
limit any of the obligations of the Indemnitor, or any of the rights of the Indemnitee, under this Section 8 (except to the extent such failure prejudices the defense of such Proceeding). If the Indemnitor elects to assume and control
the defense of any such Proceeding: (a) at the request of the Indemnitor, the Indemnitee shall make available to the Indemnitor any material documents and materials in the possession of the Indemnitee that may be necessary to the defense of
such Proceeding; (b) the Indemnitor shall keep the Indemnitee reasonably informed of all material developments relating to such Proceeding; and (c) the Indemnitee shall have the right to participate in the defense of such Proceeding at its
own expense. If the Indemnitor does not elect to proceed with the defense of any such Proceeding, the Indemnitee may proceed with the defense of such Proceeding with counsel of its own choice. 

9. EMPLOYEE MATTERS. 
 9.1 Offers of
Employment. The Purchaser shall extend (or shall cause an Affiliate of the Purchaser to extend) an offer of employment to those employees of the Seller or an Affiliate of the Seller set forth on Part 9.1 of the Disclosure Letter and to any other
employee of the Seller or any Affiliate of the Seller that the Seller and the Purchaser agree prior to the Closing will be offered employment by the Purchaser or an Affiliate of the Purchaser (each, an “Eligible Employee”). Without
limiting the foregoing, Eligible Employees shall be deemed to include all employees of the Shanghai Facility and the Bering Road Facility, and other employees critical to the operation of the Business, it being understood that the aggregate number
of Eligible Employees is expected to equal approximately 120 persons. Effective immediately following the Closing, the Purchaser shall (or shall cause an Affiliate of the Purchaser to) hire each Eligible Employee who timely accepts the offer of
employment extended to such individual as contemplated by this Section 9.1, as well as each Special Jurisdiction Transferred Employee, as defined in Section 9.7 below (each such employee referred to in this sentence, a
“Transferred Employee”). 
 9.2 Termination of Employment. Effective as of the Closing Date, (i) Seller shall
terminate the employment of all Transferred Employees (other than any Special Jurisdiction Transferred Employee) and eliminate (A) any contractual provisions or other restrictions that would otherwise prevent any Transferred Employee from
becoming an employee of the Purchaser or an Affiliate of the Purchaser and (B) any confidentiality restrictions that would prevent any Transferred Employee from using or transferring to the Purchaser any information relating to or useful for
the Business and (ii) except as otherwise precluded by applicable Legal Requirements, the Transferred Employees shall cease accruing any benefits under any Seller Benefit Plan, and Seller shall take, or cause to be taken, all such actions as
may be necessary to effect such cessation of such participation. Seller shall bear any and all obligations and liability under the WARN Act resulting from employment losses pursuant to this Section 9; provided, that Purchaser and
its applicable Affiliates comply with all of their obligations under Section 9.1. In the event that Purchaser or one of its applicable Affiliates does not comply with its obligations under this Section 9.2, the Purchaser
shall bear any and all obligations and liability under the WARN Act resulting from employment losses. 

  
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 9.3 Pre-Closing Compensation. Subject to Part 1.4(a) of the Disclosure Letter, Seller
shall be solely responsible, and the Purchaser shall have no obligations whatsoever for, any compensation or other amounts payable to any Transferred Employee relating to service with Seller or any of its Affiliates at any time on or prior to the
Closing Date, including, without limitation, any hourly pay, commission, bonus, salary, accrued vacation, fringe, pension or profit sharing benefits or severance pay for any period relating to the service with Seller or any of its Affiliates, and
Seller shall pay all such amounts to all entitled persons on or prior to the Closing Date. 
 9.4 Pre-Closing Liabilities. Seller
shall remain solely responsible for the satisfaction of all claims for life insurance, sickness, accident or disability benefits brought by or in respect of any Transferred Employee (or a spouse or dependent thereof) to the extent such claims relate
to events occurring on or prior to the Closing Date, and Seller shall remain solely responsible for the satisfaction of all health care claims brought by or in respect of any Transferred Employee (or a spouse or dependent thereof) to the extent such
claims relate to treatment or services provided on or prior to the Closing Date. 
 9.5 Credit for Prior Service. To the extent not
otherwise required by or resulting from operation of any Legal Requirement, the Purchaser shall, or shall cause its Affiliates to, recognize each Transferred Employee’s period of employment with the Seller (and any Affiliate of Seller or
predecessor of Seller or such Affiliate) for purposes of vesting, eligibility and level of benefits under the Purchaser’s and its Affiliates’ employee benefit plans, programs and arrangements in which any Transferred Employee will be
eligible to participate following Closing, including but not limited to, the Seller’s and its Affiliates’ applicable welfare benefit plans, employee pension plans, vacation, disability, sick leave, paid time off and severance benefit
plans, programs and arrangements. 
 9.6 Waiver of Pre-Existing Conditions. With respect to any plan that provides medical,
disability, dental, vision or similar benefits maintained by Purchaser or any Affiliate of Purchaser, Purchaser shall (and Purchaser shall cause its Affiliates to) cause any and all pre-existing condition (or actively-at-work or similar)
limitations, waiting periods and evidence of insurability requirements to be waived with respect to all Transferred Employees and their eligible dependents. 

9.7 Special Jurisdiction Transferred Employees. Notwithstanding any other provision of this Agreement, effective as of the Closing, the
Purchaser shall employ (or shall cause an Affiliate of the Purchaser to employ) all of the Eligible Employees who are employed by the Seller or an Affiliate of the Seller as of the Closing and whose transfer of employment to the Purchaser or an
Affiliate in connection with the Transactions is required pursuant to applicable Legal Requirements (each, a “Special Jurisdiction Transferred Employee”). The Purchaser shall (and shall cause each of its applicable Affiliates to)
comply with all applicable provisions of the EC Council Directive No. 2001/23 as implemented by applicable local regulations, or other country-specific legal standards or applicable Legal Requirements, in connection with the transfer of the
employment of the Special Jurisdiction Transferred Employees to the Purchaser or to an Affiliate of the Purchaser. 
 9.8 Employee
Notices. To the extent any notification, information or consultation requirements are imposed by applicable Legal Requirements in connection with the Transactions with regard to any Eligible Employees, the Purchaser and the Seller agree to
cooperate to ensure that such notification, information and consultation requirements are completed. 

  
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 9.9 No Third-Party Rights. No provision in this Section 9 shall
(i) create any third-party beneficiary or other rights in any employee or former employee (including any beneficiary or dependent thereof) of Seller or any of its Affiliates or any other Person other than the parties hereto and their respective
successors and permitted assigns, (ii) constitute or create an employment agreement or (iii) constitute or be deemed to constitute an amendment to any employee benefit plan (including any Seller Benefit Plan) sponsored or maintained by the
Purchaser or the Seller or any of their respective Affiliates. 
 10. MISCELLANEOUS PROVISIONS. 

10.1 Tax Returns; Taxes; Cooperation.  

(a) The Seller shall file or cause to be filed all Tax Returns with respect to the Business and the Transferred Assets for all taxable periods
ending on or prior to the Closing Date, and the Purchaser shall file or cause to be filed all Tax Returns with respect to the Business and the Transferred Assets for all taxable periods beginning after the Closing Date. The Tax Returns with respect
to the Business and the Transferred Assets for any taxable period that includes but does not end on the Closing Date (“Straddle Period” and each such Tax Return, a “Straddle Period Return”) shall be prepared by
Purchaser, or at its direction, consistent with the prior Tax Returns of the Business and the Transferred Assets. Purchaser shall provide a copy of each Straddle Period Return to Seller for its comment and approval at least 30 days prior to filing
and shall make such revisions to each Straddle Period Return as are consistent with the prior Tax Returns with respect to the Business and the Transferred Assets and are reasonably requested by Seller. 

(b) Any Tax refunds that are determined to be due to Purchaser that relate to Tax periods or portions thereof ending on or before the Closing
Date shall be for the account of Seller, and Purchaser shall pay over to Seller any such refund within five days after receipt or determination of entitlement thereto. 

(c) Purchaser shall not file any amended Tax Return with respect to the Business or the Transferred Assets for any taxable period ending on or
prior to the Closing Date or to file any amended Straddle Period Return, or to make any Tax election that affects any Tax Return with respect to the Business or the Transferred Assets for any taxable period ending on or prior to the Closing Date or
any Straddle Period Return, in each case without the prior written consent of the Seller. 
 (d) The Seller and the Purchaser shall
reasonably cooperate, and shall cause their respective Affiliates and Representatives to reasonably cooperate, in all matters relating to Taxes, including by providing any information and documentation that may be necessary to enable the other to
comply with any filing requirements relating to any such Taxes. 
 10.2 Further Actions.  

(a) From and after the Closing, each party hereto shall cooperate with the other parties, and shall cause to be executed and delivered such
documents as the other parties may reasonably request, for the purpose of evidencing the Transactions. 
 (b) After the Closing, if the
Seller or any Affiliate of the Seller receives any payment, refund or other amount that is a Transferred Asset or is otherwise properly due and owing to the Purchaser or any Affiliate of the Purchaser in connection with the Transactions, the Seller
shall promptly remit or shall cause to be remitted such amount to the Purchaser or to such Affiliate of the Purchaser. After the Closing, if the Purchaser or any Affiliate of the Purchaser receives any payment, refund or other amount that is
properly due and owing to the Seller or any Affiliate of the Seller in connection with the Transactions, the Purchaser shall promptly remit or shall cause to be remitted such amount to the Seller or such Affiliate of the Seller. 

  
 33 

 10.3 Continuing Access to Information. After the Closing, Purchaser shall give (and shall
cause its Affiliates to give) Seller and its Representatives reasonable access during normal business hours to (and shall, and shall cause its Affiliates to, allow Seller and its Representatives to make copies of) any books and records and
information relating to the Business or the Transferred Assets for any reasonable purpose, including as may be necessary for: (a) preparation of Tax returns and financial statements which are the responsibility of Seller; (b) management
and handling of any Tax audits and Tax disputes; or (c) complying with any audit request, subpoena or other investigative demand by any Governmental Body or for any civil litigation. For a period of six years following the Closing, or such
longer period as may be required by applicable Legal Requirements or necessitated by applicable statutes of limitations, Purchaser shall maintain all books and records related to the Transferred Assets in the jurisdiction in which such books and
records were located prior to the Closing and shall not destroy or dispose of any of such books and records. 
 10.4 Publicity.
 
 (a) The Purchaser shall ensure that, on and at all times after the date of this Agreement: (i) no press release or
other publicity concerning any of the Transactions is issued or otherwise disseminated (and no other disclosure regarding any of the Transactions is made) by or on behalf of the Purchaser or any Affiliate of the Purchaser without the Seller’s
prior written consent; and (ii) the Purchaser (and each of its Affiliates) continues to keep the terms of this Agreement and the other Transactional Agreements strictly confidential; provided, however, that, without the consent of the
Seller: (A) the existence and terms of the Transactions, this Agreement and the other Transactional Agreements may be disclosed to the extent the Purchaser reasonably believes that such disclosure is required by any Legal Requirement (including
rules and regulations issued by a national securities exchange that are applicable to the Purchaser); (B) the Purchaser and the Affiliates of the Purchaser may disclose the existence and terms of the Transactions, this Agreement and the other
Transactional Agreements to their Representatives to the extent that the Purchaser in good faith believes that such Persons have a reasonable need to know such information; and (C) the Purchaser and the Affiliates of the Purchaser may make
disclosures that are consistent with (but not more expansive in any material respect than) disclosures approved by the Seller or made pursuant to clause “(A)” or “(B)” of this sentence.  

(b) The Seller shall ensure that, on and at all times after the date of this Agreement: (i) no press release or other publicity
concerning any of the Transactions is issued or otherwise disseminated by or on behalf of the Seller or any Affiliate of the Seller without the Purchaser’s prior written consent; and (ii) the Seller (and each of Affiliate of the Seller)
continues to keep the terms of this Agreement and the other Transactional Agreements strictly confidential; provided, however, that, without the consent of the Purchaser: (A) the existence and terms of the Transactions, this Agreement
and the other Transactional Agreements may be disclosed to the extent the Seller reasonably believes that such disclosure is required by any Legal Requirement (including rules and regulations issued by a national securities exchange that are
applicable to the Seller or any Affiliate thereof); (B) the Seller and the Affiliates of the Seller may disclose the existence and terms of the Transactions, this Agreement and the other Transactional Agreements to their employees, customers,
suppliers and other Persons with relationships with the Business, in each case to the extent that the Seller in good faith believes that such Persons have a reasonable need to know such information; and (C) the Seller and the Affiliates of the
Seller may make disclosures that are consistent with (but not more expansive in any material respect than) disclosures approved by the Purchaser or made pursuant to clause “(A)” or “(B)” of this sentence. 

  
 34 

 10.5 Fees and Expenses.  

(a) Except as otherwise specifically set forth in this Agreement, the Seller shall bear and pay all fees, costs and expenses that have been
incurred or that are in the future incurred by, on behalf of or for the benefit of the Seller or any Affiliate of the Seller in connection with: (i) the negotiation, preparation and review of this Agreement (including the Disclosure Letter) and
the other Transactional Agreements; (ii) the preparation and submission of any filing or notice required to be made or given by the Seller or any Affiliate of the Seller in connection with any of the Transactions, and the obtaining of any
Consent required to be obtained by the Seller or any Affiliate of the Seller in connection with any of the Transactions; and (iii) the consummation and performance of the Transactions (collectively, the “Seller Transaction
Expenses”). 
 (b) The Purchaser shall bear and pay all fees, costs and expenses that have been incurred or that are in the future
incurred by, or on behalf or for the benefit of the Purchaser in connection with: (i) the negotiation, preparation and review of this Agreement and the other Transactional Agreements; (ii) the preparation and submission of any filing or
notice required to be made or given by the Purchaser or any Affiliate of the Purchaser in connection with any of the Transactions, and the obtaining of any Consent required to be obtained by the Purchaser or any Affiliate of the Purchaser in
connection with any of the Transactions; and (iii) the consummation and performance of the Transactions. 
 10.6 Notices. Any
notice or other communication required or permitted to be delivered to any party under this Agreement shall be in writing and shall be deemed properly delivered, given and received: (a) when delivered by hand; (b) the first business day
after sent by registered mail, by overnight courier or by express delivery service; (c) if sent by facsimile transmission before 2:00 p.m. in California, when transmitted and receipt is confirmed; (d) if sent by facsimile transmission
after 2:00 p.m. in California and receipt is confirmed, on the following business day, in any case to the address or facsimile telephone number set forth beneath the name of such party below (or to such other address or facsimile telephone number as
such party shall have specified in a written notice given to the other parties hereto): 
 if to the Seller: 

Oclaro Technology Limited 
 c/o
Oclaro, Inc. 2560 Junction Ave. 
 San Jose, CA 95134 

Attention: Kate Rundle, General Counsel 

Facsimile: +1.408.919.1501 

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

Jones Day 
 1755 Embarcadero
Road 
 Palo Alto, California 94303 

Attention: Robert T. Clarkson 

Facsimile: +1.650.739.3900 

  
 35 

 if to the Purchaser: 

II-VI Holdings B.V. 
 c/o II-VI
Incorporated 
 375 Saxonburg Boulevard 

Saxonburg, Pennsylvania 16056 

Attention: Francis J. Kramer, President 

Facsimile: +1.724.352.5299 

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

Sherrard, German & Kelly, P.C. 

28th Floor, Two PNC Plaza 
 620
Liberty Avenue 
 Pittsburgh, Pennsylvania 15222 

Attention: Robert D. German, Esquire 

Facsimile: +1.412.261.6221 
 10.7
Headings. The bold-faced headings contained in this Agreement are for convenience of reference only, shall not be deemed to be a part of this Agreement and shall not be referred to in connection with the construction or interpretation of this
Agreement. 
 10.8 Counterparts and Exchanges by Electronic Transmission or Facsimile. This Agreement may be executed in several
counterparts, each of which shall constitute an original and all of which, when taken together, shall constitute one agreement. The exchange of a fully executed Agreement (in counterparts or otherwise) by electronic transmission or facsimile shall
be sufficient to bind the parties to the terms and conditions of this Agreement. 
 10.9 Governing Law; Venue.  

(a) This Agreement and any claim, dispute or issue arising out of or in connection with this Agreement or its subject matter, shall be governed
in all respects by the laws of England and Wales (without giving effect to principles of conflicts of laws). 
 (b) Except as otherwise
expressly provided in this Agreement or in Section 10.9(d), the courts of England and Wales have exclusive jurisdiction to settle any Proceeding or dispute arising out of or in connection with this Agreement or its subject matter. Each
party to this Agreement: 
  

	 	(i)	expressly and irrevocably consents and submits to the jurisdiction of the courts of England and Wales in connection with any such Proceeding; 

 

	 	(ii)	irrevocably agrees that the courts of England and Wales will have exclusive jurisdiction in relation to any claim, dispute or difference concerning this Agreement, any matter arising from it and the negotiations leading
up to it being entered into; and 

  

	 	(iii)	irrevocably waives any right that it may have to object to an action being brought in those Courts, to claim that the action has been brought in an inconvenient forum or to claim that those Courts do not have
jurisdiction. 

  
 36 

 A judgment, order or decision of the courts of England and Wales in respect of any such
Proceeding or dispute may be recognized or enforced by any courts of any state which, under the laws and rules applicable in that state, are competent or able to grant such recognition or enforcement. 

(c) Notwithstanding the submission to that exclusive jurisdiction or anything to the contrary contained in this Agreement any party may bring
proceedings in the courts of any other state which have jurisdiction for reasons other than the parties’ choice, for the purpose of seeking: 
  

	 	(i)	an injunction, order or other non-monetary relief (or its equivalent in such other state); and/or 

  

	 	(ii)	any relief or remedy which, if it (or its equivalent) were granted by the courts of England and Wales, would not be enforceable in such other state. 

(d) Notwithstanding anything to the contrary contained in this Agreement, any claim for indemnification pursuant to Section 8 shall
be brought and resolved exclusively in accordance with Part 10.9(d) of the Disclosure Letter; provided, however, that nothing in this Section 10.9(d) shall prevent the Seller or the Purchaser from seeking preliminary
injunctive relief from a court of competent jurisdiction. 
 10.10 Successors and Assigns; Parties in Interest.  

(a) This Agreement shall be binding upon: the Seller and its successors and assigns (if any); and the Purchaser and its successors and assigns
(if any). This Agreement shall inure to the benefit of: the Seller, the Purchaser; the other Indemnitees; and the respective successors and assigns (if any) of the foregoing. 

(b) Neither the Seller nor the Purchaser may assign any of its rights or delegate any of its obligations under this Agreement without the prior
written consent of the other party hereto, except that: (i) each party may assign any of its rights to any Affiliate of such party; and (ii) each party may delegate any of its obligations to any Affiliate of such party as long as such
party remains jointly and severally liable with such Affiliate for such obligations. 
 (c) Except for the provisions of
Section 8 hereof, none of the provisions of this Agreement is intended to provide any rights or remedies to any Person other than the parties to this Agreement and their respective successors and assigns (if any). Without limiting the
generality of the foregoing, no creditor of the Seller or any Affiliate of the Seller shall have any rights under this Agreement or any of the other Transactional Agreements. 

10.11 Remedies Cumulative; Specific Performance. The rights and remedies of the parties hereto shall be cumulative (and not
alternative). Each party agrees that: (a) in the event of any breach or threatened breach by the other party of any covenant, obligation or other provision set forth in this Agreement, such party shall be entitled (in addition to any other
remedy that may be available to it) to: (i) a decree or order of specific performance or mandamus to enforce the observance and performance of such covenant, obligation or other provision; and (ii) an injunction restraining such breach or
threatened breach; and (b) no Person shall be required to provide any bond or other security in connection with any such decree, order or injunction or in connection with any related Proceeding. 

  
 37 

 10.12 Waiver. No failure on the part of any Person to exercise any power, right, privilege
or remedy under this Agreement, and no delay on the part of any Person in exercising any power, right, privilege or remedy under this Agreement, shall operate as a waiver of such power, right, privilege or remedy; and no single or partial exercise
of any such power, right, privilege or remedy shall preclude any other or further exercise thereof or of any other power, right, privilege or remedy. No Person shall be deemed to have waived any claim arising out of this Agreement, or any power,
right, privilege or remedy under this Agreement, unless the waiver of such claim, power, right, privilege or remedy is expressly set forth in a written instrument duly executed and delivered on behalf of such Person; and any such waiver shall not be
applicable or have any effect except in the specific instance in which it is given. 
 10.13 Amendments. This Agreement may not be
amended, modified, altered or supplemented other than by means of a written instrument duly executed and delivered on behalf of the Purchaser and the Seller. Save as provided in Section 8 or otherwise expressly provided for in this Agreement,
the Parties do not intend that any term of this Agreement is enforceable under the Contracts (Rights of Third Parties) Act 1999 by a person who is not a party to this Agreement and the consent of any person who is not a party to this Agreement shall
not be required for the amendment, variation, rescission or termination of the same, but this does not affect any right or remedy of a third party which exists or is available apart from that Act. 

10.14 Severability. In the event that any provision of this Agreement, or the application of any such provision to any Person or set of
circumstances, shall be determined to be invalid, unlawful, void or unenforceable to any extent it shall to that extent be deemed not to form part of this Agreement but, the remainder of this Agreement, and the application of such provision to
Persons or circumstances other than those as to which it is determined to be invalid, unlawful, void or unenforceable, shall not be impaired or otherwise affected and shall continue to be valid and enforceable to the fullest extent permitted by any
Legal Requirements. 
 10.15 Entire Agreement. The Transactional Agreements and the NDA set forth the entire understanding of the
parties relating to the subject matter thereof and supersede all prior agreements and understandings among or between any of the parties relating to the subject matter thereof. 

10.16 Disclosure Letter. The Disclosure Letter shall be arranged in separate parts corresponding to the numbered and lettered sections
contained herein; provided, however, that any information disclosed in any numbered or lettered part shall be deemed to relate to and to qualify any other representation or warranty or numbered or lettered section where such disclosure would
reasonably be deemed to apply. 
 10.17 Appointment of Process Agent 

(a) The Purchaser shall ensure that there is at all times appointed an agent for service of process on it in England in relation to any matter
arising out of this Agreement or any of the other Transaction Documents, service upon whom shall be deemed completed whether or not forwarded to or received by the Purchaser and the Purchaser shall notify the Seller of the name of such agent and
their contact details. 
 (b) The Purchaser may from time to time appoint a new process agent acceptable to the Seller (acting reasonably) to
receive service of process in England pursuant to Section 10.17(a). 

  
 38 

 (c) The Purchaser shall inform the Seller in writing of any change in the address of its process
agent within 28 calendar days. 
 (d) If any process agent appointed by the Purchaser pursuant to this Section 10.17 ceases to
have an address in England, the Purchaser irrevocably agrees to appoint a new process agent acceptable to the Seller (acting reasonably) and to deliver to the Seller within 14 calendar days a copy of a written acceptance of appointment by its new
process agent. 
 (e) Pursuant to clause Section 10.17(a), the Purchaser agrees to appoint Gareth Rowles of II-VI U.K., Limited
as its agent for service of process on it in England in relation to any matter arising out of this Agreement and the other Transaction Documents. 

10.18 Construction.  

(a) For purposes of this Agreement, whenever the context requires: the singular number shall include the plural, and vice versa; the masculine
gender shall include the feminine and neuter genders; the feminine gender shall include the masculine and neuter genders; and the neuter gender shall include the masculine and feminine genders. 

(b) The parties hereto agree that any rule of construction to the effect that ambiguities are to be resolved against the drafting party shall
not be applied in the construction or interpretation of this Agreement. 
 (c) As used in this Agreement, the words “include” and
“including,” and variations thereof, shall not be deemed to be terms of limitation, but rather shall be deemed to be followed by the words “without limitation.” 

(d) Any reference to “$”, “USD” or “dollars” means United States dollars. All amounts required to be paid under
or pursuant to this Agreement shall be in United States Dollars. 
 (e) Except as otherwise indicated, all references in this Agreement to
“Sections” are intended to refer to Sections of this Agreement. 
 [The remainder of this page is intentionally
left blank.] 

  
 39 

 The parties to this Agreement have caused this Agreement to be executed and delivered as of the
date first written above. 
  

									
		 		 	II-VI HOLDINGS B.V.
			
		 		 	 BY: TRUST INTERNATIONAL MANAGEMENT

(T.I.M.) B.V.,

		 		 	Managing Director A
					
		 		 		 	By:  	 	 
		 		 		 		 	Mr. C.C. van den Broek (Attorney-in-Fact A)
					
		 		 		 	By:  	 	 
		 		 		 		 	Mr. R. Friele (Attorney-in-Fact B)
				
		 		 	BY:  	 	 
		 		 		 	Francis J. Kramer, Managing Director B
			
		 		 	Signed by [                                
                                        
]
		 		 	on behalf of
		 		 	OCLARO TECHNOLOGY, LTD.
		 		 	in the presence of a witness:

  

							
	  
	 		 	By:	 	  

	Name:	 		 	Name:	 	
	Title:	 		 	Title:	 	

 [Signature Page to Asset Purchase Agreement] 

 ANNEX A 

CERTAIN DEFINITIONS 
 For
purposes of the Agreement (including this Annex A): 
 Accounts Receivable. “Accounts Receivable” shall mean all
accounts and notes receivable generated from the Business. 
 Affiliate. “Affiliate” shall mean, with respect to any Person,
any other Person that as of the date of the Agreement or as of any subsequent date, directly or indirectly, through one or more intermediaries, controls, is controlled by or is under common control with such specified Person. The foregoing
notwithstanding, for purposes of this Agreement, any Affiliate of Seller that is not a Subsidiary of the Parent shall be deemed not to be an Affiliate of the Seller. 

Agreement. “Agreement” shall mean the Asset Purchase Agreement to which this Annex A is attached (including the
Disclosure Letter), as it may be amended from time to time. 
 Business. “Business” shall have the meaning given to
it on Annex A-II. 
 CERCLA. “CERCLA” shall mean the Comprehensive Environmental Response, Compensation, and
Liability Act of 1980, as amended by the Superfund Amendments and Reauthorization Act of 1986, 42 U.S.C. §§ 9601 et seq. 

Code. “Code” shall mean the United States Internal Revenue Code of 1986, as amended. 

Consent. “Consent” shall mean any approval, consent, permission or authorization (including any Governmental
Authorization). 
 Constituent Document. “Constituent Document” shall mean, with respect to any Person that is not a
natural person, such Person’s articles of incorporation, certificate of incorporation, bylaws, or similar charter documents. 

Contract. “Contract” shall mean any written, oral, implied or other agreement, contract, instrument, deed, purchase order or
legally binding undertaking. 
 Copyrights. “Copyrights” shall mean all copyrights, copyrightable works,
semiconductor topography and mask work rights, and applications for registration thereof, including all rights of authorship, use, publication, reproduction, distribution, performance transformation, moral rights and rights of ownership of
copyrightable works and mask works, and all rights to register and obtain renewals and extensions of registrations, together with all other interests accruing by reason of international copyright, semiconductor topography and mask work
conventions. 
 Damages. “Damages” shall mean any loss, damage, judgment, award, fines, penalties, Proceedings,
assessments, fee (including any legal fee, expert fee, accounting fee or advisory fee) cost or expense, and including without limitation all special, indirect, incidental or consequential damages. 

Disclosure Letter. “Disclosure Letter” shall mean the disclosure letter (dated as of the date of the Agreement) delivered to
the Purchaser on behalf of the Seller. 

  
 A-1 

 Encumbrance. “Encumbrance” shall mean any lien, charge, security interest or
encumbrance, other than: (a) statutory liens for Taxes that are not yet due and payable or liens for Taxes being contested in good faith by any appropriate proceedings for which adequate reserves have been established in the Business Financial
Statements; (b) statutory liens to secure obligations to landlords, lessors or renters under leases or rental agreements; (c) deposits or pledges made in connection with, or to secure payment of, workers’ compensation, unemployment
insurance or similar programs mandated by applicable Legal Requirements; (d) statutory liens in favor of carriers, warehousemen, mechanics and materialmen, to secure claims for labor, materials or supplies and other like liens; (e) liens
in favor of customs and revenue authorities arising as a matter of Legal Requirements to secure payments of customs duties in connection with the importation of goods; (f) encumbrances that do not materially interfere with the use, operation or
transfer of, or any of the benefits of ownership of, the property subject thereto, (g) any general cross-license of Technology or Intellectual Property Rights of Seller or Affiliates of the Seller; (h) any licenses or covenants not to sue
granted to customers, resellers or OEMs of Seller or any Affiliates of the Seller; and (i) easements, rights of way, zoning ordinances and other similar encumbrances affecting the Leased Real Property which do not prohibit or interfere with the
current operation of any Leased Real Property. 
 Environmental Law. “Environmental Law” shall mean any applicable
Legal Requirement relating to the environment, or to Hazardous Material, including the emission, discharge, deposit, disposal, leaching, migration or release of any Hazardous Material into the environment or the generation, treatment, storage,
transportation or disposal of any Hazardous Material. 
 Environmental Claim. “Environmental Claim” shall mean any
Proceeding or Order, or, as to each, any settlement or judgment arising therefrom, by or from any Person alleging Liability of whatever kind or nature reasonably (including Liability or responsibility for the costs of enforcement proceedings,
investigations, cleanup, governmental response, removal or remediation, natural resources damages, property damages, personal injuries, medical monitoring, penalties, contribution, indemnification and injunctive relief) arising out of, based on or
resulting from any actual or alleged non-compliance with any Environmental Law or term or condition of any Environmental Permit. 

Environmental Notice. “Environmental Notice” shall mean any written directive, notice of violation or infraction, or
notice respecting any Environmental Claim relating to actual or alleged non-compliance with any Environmental Law or any term or condition of any Environmental Permit. 

Environmental Permit. “Environmental Permit” shall mean any Governmental Authorization required under or issued,
granted, given, authorized by or made pursuant to Environmental Law. 
 Entity. “Entity” shall mean any corporation,
general partnership, limited partnership, limited liability partnership, joint venture or other entity. 
 Equipment.
“Equipment” shall mean all furniture, fixtures, equipment (including development tools, testing equipment, factory test equipment, IT equipment), computer hardware, office equipment and apparatuses, tools, machinery and supplies and other
tangible property (other than Inventory). 
 ERISA. “ERISA” shall mean the Employee Retirement Income Security Act
of 1974, as amended. 
 ERISA Affiliate. “ERISA Affiliate” shall mean any Person who is treated as a single employer along
with the Seller pursuant to Section 414(b) or (c) of the Code. 

  
 A-2 

 GAAP. “GAAP” shall mean generally accepted accounting principles in the United
States set forth in the opinions and pronouncements of the Accounting Principles Board and the American Institute of Certified Public Accountants and statements and pronouncements of the Financial Accounting Standards Board, that are applicable to
the circumstances of the date of determination, consistently applied. 
 Governmental Authorization. “Governmental
Authorization” shall mean any permit, license, registration, qualification or authorization issued by any Governmental Body. 

Governmental Body. “Governmental Body” shall mean any: 

(a) nation, state, county, city, town, borough, village, district, or other jurisdiction; 

(b) Federal, state, local, municipal, foreign, multinational, or other government; 

(c) governmental authority of any nature (including any agency, branch, department, board, commission, court, tribunal, or other entity
exercising governmental powers); 
 (d) body entitled or purporting to exercise, any administrative, executive, judicial, legislative,
police, regulatory, or taxing authority or power, whether local, national, or international; or 
 (e) official of any of the foregoing. 

Hazardous Material. “Hazardous Material” shall mean any “hazardous substance,” “pollutant,”
“contaminant,” “hazardous waste,” “regulated substance,” “hazardous chemical” or “toxic chemical” as designated, listed or defined (whether expressly or by reference) in any statute, regulation or
other Legal Requirement. 
 Indemnitees. “Indemnitees” shall mean Purchaser Indemnitees and Seller Indemnitees.

 Indemnitors. “Indemnitors” shall mean the Purchaser and the Seller. 

Indemnification Holdback Amount. “Indemnification Holdback Amount” shall mean $4,000,000. 

Indemnification Holdback Fund. “Indemnification Holdback Fund” shall mean the funds held by Purchaser in accordance with
Article 8 of this Agreement, excluding funds which by the terms of this Agreement should have been disbursed to Seller and all interest, dividends, gains and other income accrued thereon. 

Intellectual Property Rights. “Intellectual Property Rights” shall mean all rights of the following types, which may exist or
be created under the Legal Requirements of any jurisdiction in the world: (a) rights associated with works of authorship, including copyrights, moral rights and mask works; (b) trademark and trade name rights and similar rights;
(c) trade secret rights; (d) patent and industrial property rights; and (e) rights in or relating to registrations, renewals, extensions, combinations, divisions, and reissues of, and applications for, any of the rights referred to in
clauses “(a)” through “(d)” above. 
 Intercompany Contract. “Intercompany Contract” means any
Contract to which the sole parties are the Seller and/or any Affiliate of the Seller. 

  
 A-3 

 Inventory. “Inventory” shall mean all inventory (including spare parts, raw
materials, work in process, finished goods, packaging and supplies), including all such in-transit inventory, but excluding any consumables used in the manufacture of any products of the Business. 

IRS. “IRS” means the United States Internal Revenue Service. 

Issued Patents. “Issued Patents” shall mean all issued patents, reissued or reexamined patents, revivals of patents, utility
models, certificates of invention, registrations of patents and extensions thereof, regardless of country or formal name, issued by the United States Patent and Trademark Office and any other Governmental Body. 

Knowledge. Information shall be deemed to be known to or to the “Knowledge” of the Seller if that information is actually
known by any Person identified on Annex A-I after due inquiry. Information shall be deemed to be known to or to the “Knowledge” of the Purchaser if that information is actually known by any of the directors or senior executive
officers of the Purchaser. As used herein, the phrase “after due inquiry” shall mean, with respect to any Person, such Person’s inquiry of the direct report who would reasonably be expected to have actual knowledge of relevant facts
and circumstances. 
 Legal Requirement. “Legal Requirement” shall mean any law, statute, rule or regulation issued,
enacted or promulgated by any Governmental Body. 
 Liability. “Liability” shall mean any debt, obligation, duty or
liability of any nature (including any unknown, undisclosed, unmatured, unaccrued, unasserted, contingent, indirect, conditional, implied, vicarious, derivative, joint, several or secondary liability), regardless of whether such debt, obligation,
duty or liability would be required to be disclosed on a balance sheet prepared in accordance with GAAP and regardless of whether such debt, obligation, duty or liability is immediately due and payable.  

Licensed Seller Intellectual Property. “Licensed Seller Intellectual Property” shall mean the Intellectual Property Rights
and Technology licensed by Seller or an Affiliate of the Seller to Purchaser or an Affiliate of the Purchaser and as set forth in Schedule 1 of the Intellectual Property License Agreement. 

Made Available. “Made Available” means made available to Purchaser and/or its Representatives prior to the Closing Date
through the Seller’s virtual data room or otherwise. 
 Material Adverse Effect. “Material Adverse Effect”
shall mean any change that does, or would be reasonably expected to, have a material adverse effect on the Transferred Assets, taken as a whole; provided, however, that none of the following shall be deemed either alone or in
combination to constitute, and none of the following shall be taken into account in determining whether there has been or would be, a Material Adverse Effect: (a) any adverse effect resulting from or arising out of the announcement or pendency
of the Agreement (including the identity of the Purchaser or the Purchaser’s plans for the Business) or the Transactions (including any action or inaction by the customers, suppliers, distributors, employees or competitors of the Parent, Seller
or their respective Affiliates); (b) any adverse effect resulting from or arising out of general economic conditions, including from conditions in the United States or foreign economies or banking or securities markets; (c) any adverse
effect resulting from or arising out of general conditions in the industries in which the Business operates; (d) any adverse effect resulting from changes or developments in international, national, regional, state or local wholesale or retail
markets for any product that has similar specification as the products of the Business, including enhancements, modifications, evolutions or combinations of or with such products, including those due to actions by competitors; (e) any adverse
effect resulting from or arising out of any natural disaster or any acts of terrorism, sabotage, military action or war or any escalation or worsening thereof; (f) any adverse effect resulting from or arising out of any changes in any Legal
Requirement or GAAP; (g) any failure by the Seller, the Parent, or the Business to meet (A) any published analyst estimates or expectations of revenue, earning or other financial performance or results of operations for any period or
products or (B) any budgets, plans, projections or forecasts of its revenues, earnings or other financial performance or results of operations for any period or products, whether or not published; or (h) any adverse effect resulting from
the undertaking, performance or observance of the obligations contemplated by this Agreement, the failure to take any action as a result of restrictions or other prohibitions set forth in this Agreement, or any actions taken with the prior written
consent of the Purchaser. 

  
 A-4 

 Material Contract. “Material Contract” shall mean (a) each Transferred
Contract; (b) each of the Contracts listed in subsections (i)-(vii) below, other than Intercompany Contracts, and (c) each of the Contracts listed in subsections (i)-(vii) below that exclusively related to the Business: 

(i) any Contract pursuant to which any material Intellectual Property Rights or Technology of the Business is or has been licensed, sold,
assigned or otherwise conveyed or provided to the Seller or an Affiliate of the Seller (other than any Contracts for non-customized software that (i) is licensed solely in executable or object code form pursuant to a nonexclusive software
license and (ii) is generally available on standard terms); 
 (ii) any Contract imposing any material restriction on the right or
ability of the Seller or any Affiliate of Seller, or, after the Closing Date, the right or ability of the Purchaser or an Affiliate of Purchaser (A) to compete in any Product Line or the Business or with any Person or in any area or which would
so limit the freedom of the Seller or an Affiliate of the Seller or, after the Closing Date, the Purchaser or an Affiliate of Purchaser (including granting exclusive rights or rights of first refusal to license, market, sell or deliver any of the
products or services offered by Seller), (B) to acquire any product or other asset or any services from any other Person, to sell any product or other asset to or perform any services for any other Person or to transact business or deal in any
other manner with any other Person (including granting any rights of first refusal), or (C) develop, distribute or license any Technology or Intellectual Property Rights; 

(iii) any Contract for the purchase of materials, supplies, goods, services, equipment or other assets providing for annual payments by the
Seller and the Affiliates of Seller of $500,000 or more; 
 (iv) any Contract relating to the acquisition or disposition of any business
(whether by merger, sale of stock, sale of assets or otherwise): (A) entered into after July 1, 2010, or (B) pursuant to which the Seller or an Affiliate of the Seller has any current or future rights or obligations; 

(v) any Contract relating to indebtedness for borrowed money or the deferred purchase price of property; 

(vi) any partnership, joint venture or any sharing of revenues, profits, losses, costs or liabilities or any other similar Contracts; 

(vii) other than purchase orders received in the ordinary course of business, any other Contract (1) not made in the ordinary course of
business that is material to the Business; and (2) is not terminable without penalty or Liability on 60 days prior written notice. 

NDA. “NDA” means that certain Confidentiality Agreement dated as of February 19, 2013 between the Parent and
Purchaser. 

  
 A-5 

 Open Source Software. “Open Source Software” shall mean any Software that is
subject to any: “open source,” “copyleft,” or other similar types of license terms (including any GNU General Public License, Library General Public License, Lesser General Public License, Mozilla license, Berkeley Software
Distribution license, Open Source Initiative license, MIT, Apache, and Public Domain licenses, and the like), including any licensed approved by the Open Source Initiative and listed at http://www.opensource.org/licenses. 

Order. “Order” shall mean any order, judgment, decree, injunction, ruling, decision or award issued by any court,
administrative agency or other Governmental Body or any arbitrator or arbitration panel. 
 Organizing Documents.
“Organizing Documents” shall mean the certificate of incorporation, bylaws, and any other similar organizational or constituent documents.  

Owned IP. “Owned IP” shall mean: (a) all Intellectual Property Rights and Technology that is used or held for use in or
that relates to the Business in which the Seller or any Affiliate of the Seller has an ownership interest. 
 Parent.
“Parent” means Oclaro, Inc., a Delaware corporation. 
 Patent Applications. “Patent Applications” shall
mean all published or unpublished nonprovisional and provisional patent applications and reexamination proceedings. 

Patents. “Patents” shall mean the Issued Patents and the Patent Applications. 

Permits. “Permits” shall mean all permits, licenses, franchises, approvals, authorizations, registrations, certificates,
variances and similar rights obtained from Governmental Authorities. 
 Person. “Person” shall mean any individual, Entity
or Governmental Body. 
 Pre-Closing Period.
“Pre-Closing Period” shall mean the period from the date of the Agreement through the Closing Date. 

Post-Closing Period. “Post-Closing Period” shall mean the period from the date after
the Closing Date. 
 Prepayments. “Prepayments” shall mean any prepaid expenses, credits, advance payments, security
deposits and other deposits, but not including any estimated Taxes. 
 Proceeding. “Proceeding” shall mean any
action, suit or legal proceeding commenced, conducted or heard by or before any Governmental Body or any arbitrator or arbitration panel. 

Purchaser Indemnitees. “Purchaser Indemnitees” shall mean the following Persons: (a) the Purchaser; (b) the
Purchaser’s current and future Affiliates; (c) the respective current and future Representatives of the Persons referred to in clauses “(a)“and “(b)” of this sentence; and (d) the respective successors and assigns
of the Persons referred to in clauses “(a)”, “(b)” and “(c)” of this sentence.  

  
 A-6 

 Records. “Records” shall mean, whether or not such information is
maintained in writing, visually, electronically or in machine readable or any other form: (a) books of account, ledgers and general, financial and accounting records, tax declarations and tax records, machinery and equipment maintenance files,
customer lists, customer purchasing histories, price lists, distribution lists, supplier lists, production data, lab notebooks, quality system audit reports, failure mode analyses, quality control records and procedures, sales material and records
(including pricing history, total sales, terms and conditions of sale, sales and pricing policies and practices), marketing and promotional surveys, publicly filed documents relating to any Proceeding currently pending, internal and external audit
reports (including, reports relating to financial, quality, export control or trade compliance matters), documents relating to any mergers or acquisitions; and (b) research and development files and intellectual property files relating to any
Intellectual Property Right or Technology and (c) all historical parametric data and related information including such data that relates to the historic production of products. 

Registered IP. “Registered IP” shall mean all Seller IP that is registered, filed, or issued under the authority of, with or
by any Governmental Body, including all patents, registered copyrights, registered mask works and registered trademarks and all applications for any of the foregoing. 

Release. “Release” shall mean any actual or threatened release, spilling, leaking, pumping, pouring, emitting, emptying,
discharging, injecting, escaping, leaching, dumping, abandonment, disposing or allowing to escape or migrate into or through the environment (including, without limitation, ambient air (indoor or outdoor), surface water, groundwater, land surface or
subsurface strata or within any building, structure, facility or fixture) in violation of Environmental Law. 
 Representatives.
“Representatives” shall mean officers, directors, employees, agents, attorneys, accountants and financial and other advisors. 

Seller Contract. “Seller Contract” shall mean any Contract exclusively relating to the Business to which the Seller or any
Affiliate of the Seller is a party. 
 Seller Indemnitees. “Seller Indemnitees” shall mean the following Persons:
(a) the Seller; (b) the Seller’s current and future Affiliates, including the Parent; (c) the respective current and future Representatives of the Persons referred to in clauses “(a)“and “(b)” of this
sentence; and (d) the respective successors and assigns of the Persons referred to in clauses “(a)”, “(b)” and “(c)” of this sentence.  

Seller IP. “Seller IP” shall mean: (a) all Intellectual Property Rights and Technology that is used in the Business in
which the Seller or any Affiliate of the Seller has an ownership interest or a license or similar right, including but not limited to the Transferred Patents, the Transferred IP, and the Licensed Seller Intellectual Property.  

Shrink-Wrap Code. “Shrink-Wrap Code” shall mean generally commercially available, off-the-shelf Software where available for
a cost of not more than $5,000 for a perpetual license for a single user or work station (or $1,000 for an annual license for a single user or work station). 

Software. “Software” shall mean computer software, programs and databases in any form, including source code, object code,
operating systems and specifications, data, databases, GDS and GDSII files, database management code, firmware, utilities, graphical user interfaces, menus, images, icons, forms and software engines, and all related documentation, developer notes,
comments and annotations. 
 Subsidiary. “Subsidiary” means, with respect to any Person, any other Person that is an
entity, whether incorporated or unincorporated, at least a majority of the securities or other interests of which having by their terms ordinary voting power to elect a majority of the board of directors or others performing similar functions with
respect to such other Person that is an entity is directly or indirectly owned or controlled by such Person or by any one or more of its Subsidiaries, or by such Person and one or more of its Subsidiaries, or of which such Person or any one of its
Subsidiaries is the managing member or general partner. 

  
 A-7 

 Tax. “Tax” shall mean any tax (including any income tax, franchise tax, capital
gains tax, estimated tax, gross receipts tax, value-added tax, surtax, excise tax, ad valorem tax, transfer tax, stamp tax, sales tax, use tax, property tax, business tax, occupation tax, inventory tax,
occupancy tax, withholding tax or payroll tax), levy, assessment, tariff, impost, imposition, toll, duty (including any customs duty), deficiency or fee, and any related charge or amount (including any fine, penalty or interest), that is imposed,
assessed or collected by or under the authority of any Governmental Body or is payable pursuant to any tax-sharing agreement. 

Tax Return. “Tax Return” shall mean any return, report, statement, declaration, estimate, schedule, notice, notification,
form, election, certificate or other document or information that is, has been or may in the future be filed with or submitted to, or required to be filed with or submitted to, any Governmental Body in connection with the determination, assessment,
collection or payment of any Tax or in connection with the administration, implementation or enforcement of or compliance with any Legal Requirement relating to any Tax. 

Technology. “Technology” shall mean algorithms, apparatus, databases, data collections, diagrams, inventions, know-how,
logos, marks, methods and processes, protocols, software, techniques, works of authorship and other forms of technology (whether or not embodied in any tangible form and including all tangible embodiments of the foregoing, such as instruction
manuals, laboratory notebooks, prototypes, samples, studies and summaries). 
 Trademarks. “Trademarks” shall mean
all (i) trademarks, service marks, marks, logos, insignias, designs, names or other symbols, (ii) applications for registration of trademarks, service marks, marks, logos, insignias, designs, names or other symbols, (iii) trademarks,
service marks, marks, logos, insignias, designs, names or other symbols for which registrations has been obtained. 
 Trade Secrets.
“Trade Secrets” shall mean all product specifications, data, know-how, formulae, compositions, processes, designs, sketches, photographs, graphs, drawings, samples, inventions and ideas, research and development, manufacturing or
distribution methods and processes, customer lists, current and anticipated customer requirements, price lists, market studies, business plans, computer software and programs (including object code), computer software and database technologies,
systems, structures and architectures (and related processes, formulae, composition, improvements, devices, know-how, inventions, discoveries, concepts, ideas, designs, methods and information), and any other information, however documented, that is
a trade secret within the meaning of the applicable trade-secret protection Legal Requirements. 
 Transactional Agreements.
“Transactional Agreements” shall mean: (a) the Agreement; (b) the Transition Services Agreement; (c) the Assumption Agreement; (d) the Intellectual Property License Agreement; (e) Bills of Sale; (f) the Payoff
Instructions; (g) the certificates required under Sections 5.3 and 6.4; (h) the Non-UK Transfer Documents; and (i) the Assignment Agreements. 

Transactions. “Transactions” shall mean: (a) the execution and delivery of the respective Transactional Agreements; and
(b) all of the transactions contemplated by the respective Transactional Agreements, including: (i) the sale of the Transferred Assets by the Seller to the Purchaser in accordance with the Agreement; (ii) the assumption of the Assumed
Liabilities by the Purchaser in accordance with the Agreement; and (iii) the performance by the Seller and the Purchaser or their respective Affiliates of their respective obligations under the Transactional Agreements, and the exercise by the
Seller and the Purchaser of their respective rights under the Transactional Agreements. 

  
 A-8 

 WARN Act. “WARN Act” means the federal Worker Adjustment and Retraining
Notification Act of 1988, and similar state, local and foreign Legal Requirements related to plant closings, relocations, mass layoffs and employment losses. 

  
 A-9 

 Each of the following terms is defined in the Section set forth opposite such terms: 

 

					
	 Term
	 	 	  	 Section

	Anti-Trust Approval	 		  	7.1(a)
	Assignment Agreements	 		  	5.4
	Assumed Liabilities	 		  	1.4(a)
	Assumption Agreement	 		  	1.3(c)
	Audited Financial Statements	 		  	4.5
	Bering Drive Facility	 		  	1.1(c)
	Bills of Sale	 		  	5.4
	Business Financial Statements	 		  	2.4(a)
	Claim Notice	 		  	8.1(d)
	Closing	 		  	1.8
	Closing Date	 		  	1.8
	Closing Date Inventory Value	 		  	1.5(b)
	Closing Payment	 		  	1.3(b)
	Competing Business	 		  	4.2(a)(i)
	Competing Territory	 		  	4.2(a)(ii)
	Deductible Amount	 		  	8.4(a)
	Eligible Employee	 		  	9.1
	Estimated Inventory Value	 		  	1.5(a)
	Exchange Act	 		  	2.15
	Excluded Assets	 		  	1.1
	Excluded Liabilities	 		  	1.4(b)
	Financial Statement Date	 		  	2.4(a)
	Foreign Plan	 		  	2.11(f)
	Fundamental Rep	 		  	8.1(b)
	General Representation Termination Date	 		  	8.1(b)
	Horseheads Facility	 		  	1.1(c)
	In-Licenses	 		  	2.6(f)
	Indemnification Holdback Claim Period	 		  	8.6
	Intellectual Property License Agreement	 		  	5.2
	Inventory Value Target	 		  	1.5(a)
	Leased Real Property	 		  	2.13(b)
	Leases	 		  	2.13(b)
	License Agreements	 		  	2.6(f)
	Material Customers	 		  	2.17(a)
	Material Suppliers	 		  	2.17(b)
	Money Laundering Laws	 		  	2.18(b)
	Non-UK Transferred Assets	 		  	1.1
	Non-UK Transfer Documents	 		  	1.1
	Option Agreement	 		  	Recital
	Option Date	 		  	Recital
	Out-Licenses	 		  	2.6(f)
	Purchase Price	 		  	1.3

					
	Purchaser	 		  	Introduction
	Related Party	 		  	2.19
	Related Party Arrangements	 		  	2.19
	Seller	 		  	Introduction
	Seller Benefit Plan	 		  	2.11(a)
	Seller Transaction Expenses	 		  	10.5(a)
	Shanghai Facility	 		  	1.1(c)
	SOL Rep	 		  	8.1(b)
	SOL Representation Termination Date	 		  	8.1(b)
	Special Jurisdiction Transferred Employee	 		  	9.7
	Straddle Period	 		  	10.1(a)
	Straddle Period Return	 		  	10.1(a)
	Tangible Transferred Assets	 		  	1.2
	Target	 		  	4.2(c)(i)
	Transfer Taxes	 		  	1.6
	Transferred Assets	 		  	1.1
	Transferred Books	 		  	1.1(f)
	Transferred Contracts	 		  	1.1(e)
	Transferred Employee	 		  	9.1
	Transferred Equipment	 		  	1.1(d)
	Transferred Governmental Authorization	 		  	1.1(g)
	Transferred Inventory	 		  	1.1(c)
	Transferred IP	 		  	1.1(b)
	Transferred Patents	 		  	1.1(a)
	Transition Services Agreement	 		  	5.1
	U.S. Export Controls	 		  	2.18(d)(i)
	UK Transferred Assets	 		  	1.1

 ANNEX A-I 

MEMBERS OF KNOWLEDGE GROUP 
 Greg
Dougherty 
 Jerry Turin 
 Kate Rundle 

Yves LeMaitre 
 Terry Unter 

Jim Haynes 
 Pete Mangan 

Julie Stephenson 

 ANNEX A-II 

DEFINITION OF “BUSINESS” 

“Business” means Seller’s and Seller’s Affiliates’ Amplification Business Unit comprised of Seller’s and
Seller’s Affiliates’ (A) optically pumped fiber amplifier products, including related sub-systems and line card products serving telecommunications markets; and (B) micro-optics products, including related sub-systems and line
card products serving telecommunication markets. The Business also includes the Transferred Assets and related personnel (it being understood that transferred employees will include a total of approximately 118 employees (including 2 sales people in
Europe, 1 salesperson in Japan and 1 sales person in the U.S. to be determined by the Parties in good faith and excluding 4-6 employees located in Horseheads, New York as determined by Seller). 

The Amplification Business Unit comprises: the Avanex Communications Technology (Shanghai) legal entity in Shanghai, Peoples’ Republic of China including
the Transferred assets and related personnel; personnel and research and development assets located in or assigned to Horseheads, New York, San Jose, California, and Paignton, UK; manufacturing assets and personnel located in Bangkok, Thailand,
Penang, Malaysia and Shenzhen, China; and manufacturing assets owned by Seller’s and Seller’s Affiliates’ consigned to the following suppliers: Fabrinet, Venture, Photop Fuzhou and Browave Zhuhai in the Peoples’ Republic of
China. 
 “Business” does not include: (i) transmission subsystems and line card products of Seller and/or Sellers’ Affiliates, which
may include as component parts (A) optically pumped fiber amplifiers that Seller or its Affiliates may purchase after the Closing from vendors other than Affiliates of Seller or (B) micro optic products that either (x) Seller or its
Affiliates may purchase after the Closing from vendors other than Affiliates of Seller or (y) are not part of the product and product lines intended to be sold in the Transactions; (ii) wavelength selective switches; and (iii) related
assets and personnel.EX-4.1

 Exhibit 4.1 

Form of Indenture 

NAVIOS MARITIME PARTNERS L.P. 

ISSUER 
 and 

 
  

INDENTURE TRUSTEE 
 INDENTURE 

Dated as of             ,          

 TABLE OF CONTENTS 

 

					
	 	  	Page	 
	ARTICLE I DEFINITIONS AND INCORPORATION BY REFERENCE	  	 	1	 
		
	Section 1.01 Definitions	  	 	1	 
	Section 1.02 Other Definitions	  	 	4	 
	Section 1.03 Incorporation by Reference of Trust Indenture Act	  	 	4	 
	Section 1.04 Rules of Construction	  	 	4	 
		
	ARTICLE II THE SECURITIES	  	 	4	 
		
	Section 2.01 Issuable in Series	  	 	4	 
	Section 2.02 Establishment of Terms of Series of Securities	  	 	5	 
	Section 2.03 Execution and Authentication	  	 	6	 
	Section 2.04 Registrar and Paying Agent	  	 	6	 
	Section 2.05 Paying Agent to Hold Money in Trust	  	 	7	 
	Section 2.06 Holder Lists	  	 	7	 
	Section 2.07 Transfer and Exchange	  	 	7	 
	Section 2.08 Mutilated, Destroyed, Lost and Stolen Securities	  	 	7	 
	Section 2.09 Outstanding Securities	  	 	8	 
	Section 2.10 Treasury Securities	  	 	8	 
	Section 2.11 Temporary Securities	  	 	8	 
	Section 2.12 Cancellation	  	 	8	 
	Section 2.13 Defaulted Interest	  	 	8	 
	Section 2.14 Global Securities	  	 	9	 
	Section 2.15 CUSIP Numbers	  	 	9	 
		
	ARTICLE III REDEMPTION	  	 	10	 
		
	Section 3.01 Notice to Trustee	  	 	10	 
	Section 3.02 Selection of Securities to be Redeemed	  	 	10	 
	Section 3.03 Notice of Redemption	  	 	10	 
	Section 3.04 Effect of Notice of Redemption	  	 	10	 
	Section 3.05 Deposit of Redemption Price	  	 	10	 
	Section 3.06 Securities Redeemed in Part	  	 	11	 
		
	ARTICLE IV COVENANTS	  	 	11	 
		
	Section 4.01 Payment of Principal and Interest	  	 	11	 
	Section 4.02 Commission Reports	  	 	11	 
	Section 4.03 Compliance Certificate	  	 	11	 
	Section 4.04 Stay, Extension and Usury Laws	  	 	11	 
		
	ARTICLE V SUCCESSORS	  	 	11	 
		
	Section 5.01 When Company May Merge, Etc	  	 	11	 
	Section 5.02 Successor Entity Substituted	  	 	11	 
		
	ARTICLE VI DEFAULTS AND REMEDIES	  	 	12	 
		
	Section 6.01 Events of Default	  	 	12	 
	Section 6.02 Acceleration of Maturity; Rescission and Annulment	  	 	12	 
	Section 6.03 Collection of Indebtedness and Suits for Enforcement by Trustee	  	 	13	 
	Section 6.04 Trustee May File Proofs of Claim	  	 	13	 

  
 i 

					
	Section 6.05 Trustee May Enforce Claims Without Possession of Securities	  	 	13	  
	Section 6.06 Application of Money Collected	  	 	14	 
	Section 6.07 Limitation on Suits	  	 	14	 
	Section 6.08 Unconditional Right of Holders to Receive Principal and Interest	  	 	14	 
	Section 6.09 Restoration of Rights and Remedies	  	 	14	 
	Section 6.10 Rights and Remedies Cumulative	  	 	14	 
	Section 6.11 Delay or Omission Not Waiver	  	 	15	 
	Section 6.12 Control by Holders	  	 	15	 
	Section 6.13 Waiver of Past Defaults	  	 	15	 
	Section 6.14 Undertaking for Costs	  	 	15	 
		
	ARTICLE VII TRUSTEE	  	 	15	 
		
	Section 7.01 Duties of Trustee	  	 	15	 
	Section 7.02 Rights of Trustee	  	 	16	 
	Section 7.03 Individual Rights of Trustee	  	 	17	 
	Section 7.04 Trustee’s Disclaimer	  	 	17	 
	Section 7.05 Notice of Defaults	  	 	17	 
	Section 7.06 Reports by Trustee to Holders	  	 	17	 
	Section 7.07 Compensation and Indemnity	  	 	17	 
	Section 7.08 Replacement of Trustee	  	 	18	 
	Section 7.09 Successor Trustee by Merger, etc.	  	 	18	 
	Section 7.10 Eligibility; Disqualification	  	 	18	 
	Section 7.11 Preferential Collection of Claims Against Company	  	 	18	 
		
	ARTICLE VIII SATISFACTION AND DISCHARGE; DEFEASANCE	  	 	18	 
		
	Section 8.01 Satisfaction and Discharge of Indenture	  	 	18	 
	Section 8.02 Application of Trust Funds; Indemnification	  	 	19	 
	Section 8.03 Legal Defeasance of Securities of any Series	  	 	19	 
	Section 8.04 Covenant Defeasance	  	 	20	 
	Section 8.05 Repayment to Company	  	 	21	 
	Section 8.06 Reinstatement	  	 	21	 
		
	ARTICLE IX AMENDMENTS AND WAIVERS	  	 	21	 
		
	Section 9.01 Without Consent of Holders	  	 	21	 
	Section 9.02 With Consent of Holders	  	 	22	 
	Section 9.03 Limitations	  	 	22	 
	Section 9.04 Compliance with Trust Indenture Act	  	 	23	 
	Section 9.05 Revocation and Effect of Consents	  	 	23	 
	Section 9.06 Notation on or Exchange of Securities	  	 	23	 
	Section 9.07 Trustee Protected	  	 	23	 
		
	ARTICLE X MISCELLANEOUS	  	 	23	 
		
	Section 10.01 Trust Indenture Act Controls	  	 	23	 
	Section 10.02 Notices	  	 	23	 
	Section 10.03 Communication by Holders with Other Holders	  	 	24	 
	Section 10.04 Certificate and Opinion as to Conditions Precedent	  	 	24	 
	Section 10.05 Statements Required in Certificate or Opinion	  	 	24	 
	Section 10.06 Rules by Trustee and Agents	  	 	24	 
	Section 10.07 Legal Holidays	  	 	24	 
	Section 10.08 No Recourse Against Others	  	 	24	 
	Section 10.09 Counterparts	  	 	24	 
	Section 10.10 Governing Laws	  	 	24	 

  
 ii 

					
	Section 10.11 No Adverse Interpretation of Other Agreements	  	 	24	  
	Section 10.12 Successors	  	 	25	 
	Section 10.13 Severability	  	 	25	 
	Section 10.14 Table of Contents, Headings, Etc	  	 	25	 
	Section 10.15 Securities in a Foreign Currency	  	 	25	 
	Section 10.16 Judgment Currency	  	 	25	 
		
	ARTICLE XI SINKING FUNDS	  	 	25	 
		
	Section 11.01 Applicability of Article	  	 	25	 
	Section 11.02 Satisfaction of Sinking Fund Payments with Securities	  	 	26	 
	Section 11.03 Redemption of Securities for Sinking Fund	  	 	26	 

  
 iii 

 NAVIOS MARITIME PARTNERS L.P. 

Reconciliation and tie between Trust Indenture Act of 1939 and 

Indenture, dated as of             ,
        
  

							
	Section 310	  	(a)(1)	  	 	7.10	  
		  	(a)(2)	  	 	7.10	 
		  	(a)(3)	  	 	NOT APPLICABLE	  
		  	(a)(4)	  	 	NOT APPLICABLE	  
		  	(a)(5)	  	 	7.10	 
		  	(b)	  	 	7.10	 
	Section 311	  	(a)	  	 	7.11	 
		  	(b)	  	 	7.11	 
		  	(c)	  	 	NOT APPLICABLE	  
	Section 312	  	(a)	  	 	2.06	 
		  	(b)	  	 	10.03	 
		  	(c)	  	 	10.03	 
	Section 313	  	(a)	  	 	7.06	 
		  	(b)(1)	  	 	7.06	 
		  	(b)(2)	  	 	7.06	 
		  	(c)(1)	  	 	7.06	 
		  	(d)	  	 	7.06	 
		  	(a)	  	 	4.02,	 
	Section 314	  		  	 	10.05	 
		  	(b)	  	 	NOT APPLICABLE	  
		  	(c)(1)	  	 	10.04	 
		  	(c)(2)	  	 	10.04	 
		  	(c)(3)	  	 	NOT APPLICABLE	  
		  	(d)	  	 	NOT APPLICABLE	  
		  	(e)	  	 	10.05	 
		  	(f)	  	 	NOT APPLICABLE	  
	Section 315	  	(a)	  	 	7.01	 
		  	(b)	  	 	7.05	 
		  	(c)	  	 	7.01	 
		  	(d)	  	 	7.01	 
		  	(e)	  	 	6.14	 
	Section 316	  	(a)	  	 	2.09	 
		  	(a)(1)(a)	  	 	6.12	 
		  	(a)(1)(b)	  	 	6.13	 
		  	(b)	  	 	6.08	 
	Section 317	  	(a)(1)	  	 	6.03	 
		  	(a)(2)	  	 	6.04	 
		  	(b)	  	 	2.05	 
	Section 318	  	(a)	  	 	10.01	 

  
 iv 

 Indenture dated as of
            ,          between Navios Maritime Partners L.P., a Marshall Islands limited partnership (“Company”), and
        , a         corporation, as trustee (“Trustee”). 

Each party agrees as follows for the benefit of the other party and for the equal and ratable benefit of the Holders of the Securities issued
under this Indenture. 
 ARTICLE I 

DEFINITIONS AND INCORPORATION BY REFERENCE 

Section 1.01 Definitions. 

“Additional Amounts” means any additional amounts which are required hereby or by any Security, under circumstances specified
herein or therein, to be paid by the Company in respect of certain taxes imposed on Holders specified herein or therein and which are owing to such Holders. 

“Affiliate” of any specified person means any other person directly or indirectly controlling or controlled by or under
direct or indirect common control with such specified person. For the purposes of this definition, “control” (including, with correlative meanings, the terms “controlled by” and “under common control with”), as used
with respect to any person, shall mean the possession, directly or indirectly, of the power to direct or cause the direction of the management or policies of such person, whether through the ownership of voting securities or by agreement or
otherwise. 
 “Agent” means any Registrar, Paying Agent or Service Agent. 

“Applicable Procedures” means, with respect to any transfer or transaction involving a Global Security or beneficial interest
therein, the rules and procedures of DTC or any successor Depositary, in each case to the extent applicable to such transaction and as in effect from time to time. 

“Authorized Newspaper” means a newspaper in an official language of the country of publication customarily published at least
once a day for at least five (5) days in each calendar week and of general circulation in the place in connection with which the term is used. If it shall be impractical in the opinion of the Trustee to make any publication of any notice
required hereby in an Authorized Newspaper, any publication or other notice in lieu thereof that is made or given by the Trustee shall constitute a sufficient publication of such notice. 

“Bearer Security” means any Security, including any interest coupon appertaining thereto, that does not provide for the
identification of the Holder thereof. 
 “Board of Directors” means the Board of Directors of the Company or any duly
authorized committee thereof. 
 “Board Resolution” means a copy of a resolution certified by the Secretary or an Assistant
Secretary of the Company to have been adopted by the Board of Directors or pursuant to authorization by the Board of Directors and to be in full force and effect on the date of the certificate and delivered to the Trustee. 

“Business Day” means, unless otherwise provided by Board Resolution, Officers’ Certificate or supplemental indenture
hereto for a particular Series, any day except a Saturday, Sunday or a legal holiday in The City of New York on which banking institutions are authorized or required by law, regulation or executive order to close. 

“Capital Interests” means any and all shares, interests, participations, rights or other equivalents (however designated) of
capital stock, including, without limitation, with respect to partnerships, partnership interests (whether general or limited) and any other interest or participation that confers on a person the right to receive a share of the profits and losses
of, or distributions of assets of, such partnership. 
 “Company” means the party named as such above until a successor
replaces it and thereafter means the successor. 
 “Company Order” means a written order signed in the name of the Company
by two Officers, one of whom must be the Company’s principal executive officer, principal financial officer or principal accounting officer. 

  
 1 

 “Company Request” means a written request signed in the name of
the Company by its Chief Executive Officer, Chief Financial Officer or a Vice President, and by its Secretary or an Assistant Secretary, and delivered to the Trustee. 

“Corporate Trust Office” means the office of the Trustee at which at any particular time its corporate trust business shall
be principally administered. 
 “Default” means any event which is, or after notice or passage of time or both would be, an
Event of Default. 
 “Depository” means, with respect to the Securities of any Series issuable or issued in whole or part
in the form of one or more Global Securities, the person designated as Depositary for such Series by the Company, which Depository shall be a clearing agency registered under the Exchange Act; and if at any time there is more than one such
person, “Depository” as used with respect to the Securities of any Series shall mean the Depository with respect to the Securities of such Series. 

“Discount Security” means any Security that provides for an amount less than the stated principal amount thereof to be due
and payable upon declaration of acceleration of the Maturity thereof pursuant to Section 6.02. 
 “Dollars” and
“$” means the currency of The United States of America. 
 “DTC” means the Depository Trust Company, a New
York corporation. 
 “Exchange Act” means the Securities Exchange Act of 1934, as amended, and the rules and regulations
promulgated thereunder. 
 “Foreign Currency” means any currency or currency unit issued by a government other than the
government of The United States of America. 
 “Foreign Government Obligations” means, with respect to Securities of any
Series that are denominated in a Foreign Currency, (i) direct obligations of the government that issued or caused to be issued such currency for the payment of which obligations its full faith and credit is pledged or (ii) obligations of a
person controlled or supervised by or acting as an agency or instrumentality of such government the timely payment of which is unconditionally guaranteed as a full faith and credit obligation by such government, which, in either case under clauses
(i) or (ii), are not callable or redeemable at the option of the issuer thereof. 
 “GAAP” means generally accepted
accounting principles promulgated by the Financial Accounting Standards Board or by such other entity as the Commission may designate for that purpose. 

“Global Security” or “Global Securities” means a Security or Securities, as the case may be, in the form
established pursuant to Section 2.02 evidencing all or part of a Series of Securities, issued to the Depository for such Series or its nominee, and registered in the name of such Depository or nominee. 

“Holder” means a person in whose name a Security is registered or the holder of a Bearer Security. 

“Indenture” means this Indenture as amended or supplemented from time to time and shall include the form and terms of
particular Series of Securities established as contemplated hereunder. 
 “interest” with respect to any Discount Security
which by its terms bears interest only after Maturity means interest payable after Maturity. 
 “Maturity” when used with
respect to any Security or installment of principal thereof, means the date on which the principal of such Security or such installment of principal becomes due and payable as therein or herein provided, whether at the Stated Maturity or by
declaration of acceleration, call for redemption or otherwise. 
 “Officer” means the Chief Executive Officer, Chief
Financial Officer, any Vice-President, the Secretary, or any Assistant Secretary of the Company. 
 “Officers’
Certificate” means a certificate signed by two Officers, one of whom must be the Company’s principal executive officer, principal financial officer or principal accounting officer. 

“Opinion of Counsel” means a written opinion of legal counsel who is reasonably acceptable to the Trustee. The counsel may be
an employee of or counsel to the Company. 

  
 2 

 “person” means any individual, corporation, partnership, joint venture,
association, limited liability company, joint-stock company, trust, unincorporated organization or government or any agency or political subdivision thereof. 

“principal” of a Security means the principal of the Security plus, when appropriate, the premium, if any, on, and any
Additional Amounts in respect of, the Security. 
 “Responsible Officer” means any officer of the Trustee in its Corporate
Trust Office with direct responsibility for the administration of this Indenture and also means, with respect to a particular corporate trust matter, any other officer to whom any corporate trust matter is referred because of his or her knowledge of
and familiarity with a particular subject. 
 “Securities” means the debentures, notes or other debt instruments of the
Company of any Series authenticated and delivered under this Indenture. 
 “Series” or “Series of
Securities” means each series of debentures, notes or other debt instruments of the Company created pursuant to Sections 2.01 and 2.02 hereof. 

“Stated Maturity” means when used with respect to any Security or any installment of principal thereof or interest, if any,
thereon, the date specified in such Security as the fixed date on which the principal of such Security or such installment of principal or interest, if any, is due and payable. 

“Subsidiary” means, with respect to any person, any corporation, association or other business entity of which more than 50%
of the total voting power of shares of Capital Interests entitled (without regard to the occurrence of any contingency) to vote in the election of directors, managers or trustees thereof or, in the case of a partnership, more than 50% of the
partners’ Capital Interests (considering all partners’ Capital Interests as a single class), is at the time owned or controlled, directly or indirectly, by such person or one or more of the other Subsidiaries of such person or combination
thereof. 
 “TIA” means the Trust Indenture Act of 1939 (15 U.S. Code Sections 77aaa-77bbbb) as in effect on the date
of this Indenture and the rules and regulations promulgated thereunder; provided, however, that in the event the Trust Indenture Act of 1939 is amended after such date, “TIA” means, to the extent required by any such amendment, the Trust
Indenture Act as so amended. 
 “Trustee” means the person named as the “Trustee” in the first paragraph of this
instrument until a successor Trustee shall have become such pursuant to the applicable provisions of this Indenture, and thereafter “Trustee” shall mean each person who is then a Trustee hereunder, and if at any time there is more than one
such person, “Trustee” as used with respect to the Securities of any Series shall mean the Trustee with respect to Securities of that Series. 

“U.S. Government Obligations” means securities which are (i) direct obligations of The United States of America for the
payment of which its full faith and credit is pledged or (ii) obligations of a person controlled or supervised by and acting as an agency or instrumentality of The United States of America the payment of which is unconditionally guaranteed as a
full faith and credit obligation by The United States of America, and which are not callable or redeemable at the option of the issuer thereof, and shall also include a depository receipt issued by a bank or trust company as custodian with respect
to any such U.S. Government Obligation or a specific payment of interest on or principal of any such U.S. Government Obligation held by such custodian for the account of the holder of a depository receipt, provided that (except as required by law)
such custodian is not authorized to make any deduction from the amount payable to the holder of such depository receipt from any amount received by the custodian in respect of the U.S. Government Obligation evidenced by such depository receipt. 

  
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 Section 1.02 Other Definitions. 

 

					
	 TERM
	  	DEFINED IN
SECTION	 
	“Bankruptcy Law”	  	 	6.01	 
	“Custodian”	  	 	6.01	 
	“Event of Default”	  	 	6.01	 
	“Judgment Currency”	  	 	10.16	 
	“Legal Holiday”	  	 	10.07	 
	“mandatory sinking fund payment”	  	 	11.01	 
	“Market Exchange Rate”	  	 	10.15	 
	“New York Banking Day”	  	 	10.16	 
	“optional sinking fund payment”	  	 	11.01	 
	“Paying Agent”	  	 	2.04	 
	“Registrar”	  	 	2.04	 
	“Required Currency”	  	 	10.16	 
	“Service Agent”	  	 	2.04	 
	“successor person”	  	 	5.01	 

 Section 1.03 Incorporation by Reference of Trust Indenture Act. 

Whenever this Indenture refers to a provision of the TIA, the provision is incorporated by reference in, and made a part of, this Indenture.
The following TIA terms used in this Indenture have the following meanings: 
 “Commission” means the SEC. 

“indenture securities” means the Securities. 

“indenture trustee” or “institutional trustee” means the Trustee. 

“obligor” on the indenture securities means the Company and any successor obligor upon the Securities. 

All other terms used in this Indenture that are defined by the TIA, defined by TIA reference to another statute or defined by SEC rule under
the TIA and not otherwise defined herein are used herein as so defined. 
 Section 1.04 Rules of Construction. 

Unless the context otherwise requires: 

(a) a term has the meaning assigned to it; 

(b) an accounting term not otherwise defined has the meaning assigned to it in accordance with GAAP; 

(c) references to “generally accepted accounting principles” and “GAAP” shall mean generally accepted accounting
principles in effect as of the time when and for the period as to which such accounting principles are to be applied; 

(d) “or” is not exclusive; 

(e) words in the singular include the plural, and in the plural include the singular; and 

(f) provisions apply to successive events and transactions. 

ARTICLE II 
 THE
SECURITIES 
 Section 2.01 Issuable in Series. The aggregate principal amount of Securities that may be authenticated and
delivered under this Indenture is unlimited. The Securities may be issued in one or more Series. All Securities of a Series shall be identical except as may be set forth or determined in the manner provided in a Board Resolution, supplemental
indenture or Officers’ Certificate detailing the adoption of the terms thereof pursuant to authority granted under a Board Resolution. In the case of Securities of a Series to be issued from time to time, the Board Resolution, Officers’
Certificate or supplemental indenture detailing the adoption of the terms thereof pursuant to authority granted under a Board Resolution may provide for the method by which specified terms (such as interest

  
 4 

 
rate, maturity date, record date or date from which interest shall accrue) are to be determined. Securities may differ between Series in respect of any matters, provided that all Series of
Securities shall be equally and ratably entitled to the benefits of the Indenture. All Securities issued under this Indenture shall be subject to any and all existing debt of the Company. 

Section 2.02 Establishment of Terms of Series of Securities. At or prior to the issuance of any Securities within a Series, the
following shall be established (as to the Series generally, in the case of Subsection 2.02(a) and either as to such Securities within the Series or as to the Series generally in the case of Subsections 2.02(b) through 2.02(s) by or pursuant to a
Board Resolution, and set forth or determined in the manner provided in a Board Resolution, supplemental indenture or an Officers’ Certificate: 

(a) the form and title of the Series (which shall distinguish the Securities of that particular Series from the Securities of any other
Series); 
 (b) the price or prices (expressed as a percentage of the principal amount thereof) at which the Securities of the Series
will be issued; 
 (c) any limit upon the aggregate principal amount of the Securities of the Series which may be authenticated and
delivered under this Indenture (except for Securities authenticated and delivered upon registration of transfer of, or in exchange for, or in lieu of, other Securities of the Series pursuant to Section 2.07, 2.08, 2.11, 3.06 or 9.06); 

(d) the date or dates on which the principal of the Securities of the Series is payable; 

(e) the rate or rates (which may be fixed or variable) per annum or, if applicable, the method used to determine such rate or rates
(including, but not limited to, any commodity, commodity index, stock exchange index or financial index) at which the Securities of the Series shall bear interest, if any, the date or dates from which such interest, if any, shall accrue, the date or
dates on which such interest, if any, shall commence and be payable and any regular record date for the interest payable on any interest payment date; 

(f) the place or places where the principal of and interest, if any, on the Securities of the Series shall be payable, where the
Securities of such Series may be surrendered for registration of transfer or exchange and where notices and demands to or upon the Company in respect of the Securities of such Series and this Indenture may be served, and the method of such payment,
if by wire transfer, mail or other means; 
 (g) if applicable, the period or periods within which, the price or prices at which and
the terms and conditions upon which the Securities of the Series may be redeemed, in whole or in part, at the option of the Company; 

(h) the obligation, if any, of the Company to redeem or purchase the Securities of the Series pursuant to any sinking fund or analogous
provisions or at the option of a Holder thereof and the period or periods within which, the price or prices at which and the terms and conditions upon which Securities of the Series shall be redeemed or purchased, in whole or in part, pursuant to
such obligation; 
 (i) the dates, if any, on which and the price or prices at which the Securities of the Series will be repurchased
by the Company at the option of the Holders thereof and other detailed terms and provisions of such repurchase obligations; 
 (j) if
other than denominations of $1,000 and any integral multiple thereof, the denominations in which the Securities of the Series shall be issuable; 

(k) if other than the principal amount thereof, the portion of the principal amount of the Securities of the Series that shall be payable
upon declaration of acceleration of the maturity thereof pursuant to Section 6.02; 
 (l) the currency of denomination of the
Securities of the Series, which may be Dollars or any Foreign Currency, and the agency or organization, if any, responsible for overseeing such composite currency; 

(m) the provisions, if any, relating to any security provided for the Securities of the Series; 

(n) any addition to or change in the Events of Default which applies to any Securities of the Series and any change in the right of the
Trustee or the requisite Holders of such Securities to declare the principal amount thereof due and payable pursuant to Section 6.02; 

(o) any addition to or change in the covenants set forth in Articles IV or V which apply to Securities of the Series; 

  
 5 

 (p) the provisions, if any, relating to conversion of any Securities of such Series,
including, if applicable, the securities into which the Securities are convertible, the conversion price, the conversion period, provisions as to whether conversion will be mandatory, at the option of the Holders or at the option of the Company, the
events requiring an adjustment of the conversion price and provisions affecting conversion if such Series of Securities are redeemed; 

(q) whether the Securities of such Series will be senior debt securities or subordinated debt securities and, if applicable, a
description of the subordination terms thereof; 
 (r) any depositaries, interest rate calculation agents, exchange rate calculation
agents or other agents with respect to Securities of such Series if other than those appointed herein; and 
 (s) any other terms of
the Securities of the Series (which may modify or delete any provision of this Indenture insofar as it applies to such Series). 
 All
Securities of any one Series need not be issued at the same time and may be issued from time to time, consistent with the terms of this Indenture, if so provided by, or pursuant to, the Board Resolution, supplemental indenture hereto or
Officers’ Certificate referred to above, and, unless otherwise provided in such Board Resolution, a Series may be reopened, without the consent of the Holders, for increases in the aggregate principal amount of such Series and issuances of
additional Securities of such Series. 
 Section 2.03 Execution and Authentication. Two Officers shall sign the Securities for
the Company by manual, electronic or facsimile signature. If an Officer whose signature is on a Security no longer holds that office at the time the Security is authenticated, the Security shall nevertheless be valid. A Security shall not be valid
until authenticated by the manual signature of the Trustee or an authenticating agent. The signature shall be conclusive evidence that the Security has been authenticated under this Indenture. The Trustee shall at any time, and from time to time,
authenticate Securities for original issue in the principal amount provided in the Board Resolution, supplemental indenture hereto or Officers’ Certificate, upon receipt by the Trustee of a Company Order. Such Company Order may authorize
authentication and delivery pursuant to oral or electronic instructions from the Company or its duly authorized agent or agents, which oral instructions shall be promptly confirmed in writing. Each Security shall be dated the date of its
authentication unless otherwise provided by a Board Resolution, a supplemental indenture hereto or an Officers’ Certificate. The aggregate principal amount of Securities of any Series outstanding at any time may not exceed any limit upon the
maximum principal amount for such Series set forth in the Board Resolution, supplemental indenture hereto or Officers’ Certificate delivered pursuant to Section 2.02, except as provided in Section 2.02 or 2.08. Prior to the issuance
of Securities of any Series, the Trustee shall have received and (subject to Section 7.02) shall be fully protected in relying on: (a) the Board Resolution, supplemental indenture hereto or Officers’ Certificate establishing the form
of the Securities of that Series or of Securities within that Series and the terms of the Securities of that Series or of Securities within that Series, (b) an Officers’ Certificate complying with Section 10.04 and (c) an Opinion
of Counsel complying with Section 10.04. The Trustee shall have the right to decline to authenticate and deliver any Securities of such Series: (a) if the Trustee, being advised by counsel, determines that such action may not be taken
lawfully; or (b) if the Trustee’s board of directors or trustees, executive committee or a trust committee of directors and/or vice-presidents shall determine in good faith that such action would expose the Trustee to personal liability to
Holders of any then outstanding Series of Securities. The Trustee may appoint an authenticating agent acceptable to the Company to authenticate Securities. An authenticating agent may authenticate Securities whenever the Trustee may do so. Each
reference in this Indenture to authentication by the Trustee includes authentication by such agent. An authenticating agent has the same rights as an Agent to deal with the Company or an Affiliate of the Company. 

Section 2.04 Registrar and Paying Agent. The Company shall maintain, with respect to each Series of Securities, at the place or
places specified with respect to such Series pursuant to Section 2.02, an office or agency where Securities of such Series may be presented or surrendered for payment (“Paying Agent”), where Securities of such Series may be
surrendered for registration of transfer or exchange (“Registrar”) and where notices and demands to or upon the Company in respect of the Securities of such Series and this Indenture may be served (“Service Agent”). The Registrar
shall keep a register with respect to each Series of Securities and to their transfer and exchange. The Company will give prompt written notice to the Trustee of the name and address, and any change in the name or address, of each Registrar, Paying
Agent or Service Agent. If at any time the Company shall fail to maintain any such required Registrar, Paying Agent or Service Agent or shall fail to furnish the Trustee with the name and address thereof, such presentations, surrenders, notices and
demands may be made or served at the Corporate Trust Office of the Trustee, and the Company hereby appoints the Trustee as its agent to receive all such 

  
 6 

 
presentations, surrenders, notices and demands. The Company may also from time to time designate one or more co-registrars, additional paying agents or additional service agents and may from time
to time rescind such designations; provided, however, that no such designation or rescission shall in any manner relieve the Company of its obligations to maintain a Registrar, Paying Agent and Service Agent in each place so specified pursuant to
this Section 2.04 for Securities of any Series for such purposes. The Company will give prompt written notice to the Trustee of any such designation or rescission and of any change in the name or address of any such co-registrar, additional
paying agent or additional service agent. The term “Registrar” includes any co-registrar; the term “Paying Agent” includes any additional paying agent; and the term “Service Agent” includes any additional service agent.
The Company hereby appoints the Trustee the initial Registrar, Paying Agent and Service Agent for each Series unless another Registrar, Paying Agent or Service Agent, as the case may be, is appointed prior to the time Securities of that Series are
first issued. 
 Section 2.05 Paying Agent to Hold Money in Trust. The Company shall require each Paying Agent other than the
Trustee to agree in writing that the Paying Agent will hold in trust, for the benefit of Holders of any Series of Securities, or the Trustee, all money held by the Paying Agent for the payment of principal of or interest, if any, on the Series of
Securities, and will notify the Trustee of any default by the Company in making any such payment. While any such default continues, the Trustee may require a Paying Agent to pay all money held by it to the Trustee. The Company at any time may
require a Paying Agent to pay all money held by it to the Trustee. Upon payment over to the Trustee, the Paying Agent (if other than the Company or a Subsidiary of the Company) shall have no further liability for the money. If the Company or a
Subsidiary of the Company acts as Paying Agent, it shall segregate and hold in a separate trust fund for the benefit of Holders of any Series of Securities all money held by it as Paying Agent. 

Section 2.06 Holder Lists. The Trustee shall preserve in as current a form as is reasonably practicable the most recent list
available to it of the names and addresses of Holders of each Series of Securities and shall otherwise comply with TIA Section 312(a). If the Trustee is not the Registrar, the Company shall furnish to the Trustee at least ten (10) days
before each interest payment date and at such other times as the Trustee may request in writing a list, in such form and as of such date, if applicable, as the Trustee may reasonably require, of the names and addresses of Holders of each Series of
Securities. 
 Section 2.07 Transfer and Exchange. Where Securities of a Series are presented to the Registrar or a co-registrar
with a request to register a transfer or to exchange them for an equal principal amount of Securities of the same Series, the Registrar shall register the transfer or make the exchange if its requirements for such transactions are met. To permit
registrations of transfers and exchanges, the Trustee shall authenticate Securities at the Registrar’s request. No service charge shall be made for any registration of transfer or exchange (except as otherwise expressly permitted herein), but
the Company may require payment of a sum sufficient to cover any transfer tax or similar governmental charge payable in connection therewith (other than any such transfer tax or similar governmental charge payable upon exchanges pursuant to
Sections 2.11, 3.06 or 9.06). Neither the Company nor the Registrar shall be required (a) to issue, register the transfer of, or exchange Securities of any Series for the period beginning at the opening of business fifteen (15) days
immediately preceding the mailing of a notice of redemption of Securities of that Series selected for redemption and ending at the close of business on the day of such mailing, or (b) to register the transfer of or exchange Securities of any
Series selected, called or being called for redemption as a whole or the portion being redeemed of any such Securities selected, called or being called for redemption in part. 

Section 2.08 Mutilated, Destroyed, Lost and Stolen Securities. 

(a) If any mutilated Security is surrendered to the Trustee, the Company shall execute, and the Trustee shall authenticate and make
available for delivery in exchange therefor, a new Security of the same Series and of like tenor and principal amount and bearing a number not contemporaneously outstanding. If there shall be delivered to the Company and the Trustee
(i) evidence to their satisfaction of the destruction, loss or theft of any Security and (ii) such security or indemnity as may be required by them to save each of each of them and any agent of either of them harmless, then, in the absence
of notice to the Company or the Trustee that such Security has been acquired by a protected purchaser, the Company shall execute and, upon its request, the Trustee shall authenticate and make available for delivery, in lieu of any such destroyed,
lost or stolen Security, a new Security of the same Series and of like tenor and principal amount and bearing a number not contemporaneously outstanding. In case any such mutilated, destroyed, lost or stolen Security has become or is about to become
due and payable, the Company in its discretion may, instead of issuing a new Security, pay such Security. 

  
 7 

 (b) Upon the issuance of any new Security under this Section, the Company
may require the payment of a sum sufficient to cover any tax or other governmental charge that may be imposed in relation thereto and any other expenses (including the fees and expenses of the Trustee) connected therewith. Every new Security of any
Series issued pursuant to this Section in lieu of any destroyed, lost or stolen Security shall constitute an original additional contractual obligation of the Company, whether or not the destroyed, lost or stolen Security shall be at any time
enforceable by anyone, and shall be entitled to all the benefits of this Indenture equally and proportionately with any and all other Securities of that Series duly issued hereunder. The provisions of this Section are exclusive and shall preclude
(to the extent lawful) all other rights and remedies with respect to the replacement or payment of mutilated, destroyed, lost or stolen Securities. 

Section 2.09 Outstanding Securities. The Securities outstanding at any time are all the Securities authenticated by the Trustee
except for those canceled by it, those delivered to it for cancellation, those reductions in the interest on a Global Security effected by the Trustee in accordance with the provisions hereof and those described in this Section as not outstanding.
If a Security is replaced pursuant to Section 2.08, it ceases to be outstanding until the Trustee receives proof satisfactory to it that the replaced Security is held by a protected purchaser. If the Paying Agent (other than the Company, a
Subsidiary of the Company or an Affiliate of the Company) holds on the Maturity of Securities of a Series money sufficient to pay such Securities payable on that date, then on and after that date such Securities of the Series cease to be outstanding
and interest, if any, on them ceases to accrue. A Security does not cease to be outstanding because the Company or an Affiliate of the Company holds the Security. In determining whether the Holders of the requisite principal amount of outstanding
Securities have given any request, demand, authorization, direction, notice, consent or waiver hereunder, the principal amount of a Discount Security that shall be deemed to be outstanding for such purposes shall be the amount of the principal
thereof that would be due and payable as of the date of such determination upon a declaration of acceleration of the Maturity thereof pursuant to Section 6.02. 

Section 2.10 Treasury Securities. In determining whether the Holders of the required principal amount of Securities of a Series
have concurred in any request, demand, authorization, direction, notice, consent or waiver, Securities of a Series owned by the Company shall be disregarded, except that for the purposes of determining whether the Trustee shall be protected in
relying on any such request, demand, authorization, direction, notice, consent or waiver, only Securities of a Series that the Trustee knows are so owned shall be so disregarded. 

Section 2.11 Temporary Securities. Until definitive Securities are ready for delivery, the Company may prepare and the Trustee
shall authenticate temporary Securities upon a Company Order. Temporary Securities shall be substantially in the form of definitive Securities but may have variations that the Company considers appropriate for temporary Securities. Without
unreasonable delay, the Company shall prepare and the Trustee upon request shall authenticate definitive Securities of the same Series and date of maturity in exchange for temporary Securities. Until so exchanged, temporary Securities shall have the
same rights under this Indenture as the definitive Securities. 
 Section 2.12 Cancellation. The Company at any time may deliver
Securities to the Trustee for cancellation. The Registrar and the Paying Agent shall forward to the Trustee any Securities surrendered to them for registration of transfer, exchange or payment. The Trustee shall cancel all Securities surrendered for
registration of transfer, exchange, payment, replacement or cancellation in accordance with its customary procedures and deliver such canceled Securities to the Company, unless the Company otherwise directs; provided that the Trustee shall not be
required to destroy Securities. The Company may not issue new Securities to replace Securities that it has paid or delivered to the Trustee for cancellation. 

Section 2.13 Defaulted Interest. If the Company defaults in a payment of interest, if any, on a Series of Securities, it shall pay
the defaulted interest, plus, to the extent permitted by applicable law, any interest payable on the defaulted interest, to the persons who are Holders of the Series on a subsequent special record date. The Company shall fix the record date and
payment date. At least ten (10) days before the record date, the Company shall mail to the Trustee and to each Holder of the Series a notice that states the record date, the payment date and the amount of interest to be paid. The Company may
pay defaulted interest in any other lawful manner. 

  
 8 

 Section 2.14 Global Securities. 

(a) Terms of Securities. A Board Resolution, a supplemental indenture hereto or an Officers’ Certificate shall establish whether the
Securities of a Series shall be issued in whole or in part in the form of one or more Global Securities and the Depository for such Global Security or Securities. 

(b) Transfer and Exchange. Notwithstanding any provisions to the contrary contained in Section 2.07 of the Indenture and in addition
thereto, any Global Security shall be exchangeable pursuant to Section 2.07 of the Indenture for Securities registered in the names of Holders other than the Depository for such Security or its nominee only if (i) such Depository notifies
the Company that it is unwilling or unable to continue as Depository for such Global Security or if at any time such Depository ceases to be a clearing agency registered under the Exchange Act, and, in either case, the Company fails to appoint a
successor Depository registered as a clearing agency under the Exchange Act within ninety (90) days of such event, (ii) the Company executes and delivers to the Trustee an Officers’ Certificate to the effect that such Global Security
shall be so exchangeable or (iii) an Event of Default with respect to the Securities represented by such Global Security shall have happened and be continuing. Any Global Security that is exchangeable pursuant to the preceding sentence shall be
exchangeable for Securities registered in such names as the Depository shall direct in writing in an aggregate principal amount equal to the principal amount of the Global Security with like tenor and terms. 

(c) Except as provided in this Section 2.14(c), a Global Security may not be transferred except as a whole by the Depository with
respect to such Global Security to a nominee of such Depository, by a nominee of such Depository to such Depository or another nominee of such Depository or by the Depository or any such nominee to a successor Depository or a nominee of such a
successor Depository. 
 (d) Legend. Any Global Security issued hereunder shall bear a legend in substantially the following form: 

“This Security is a Global Security, within the meaning of the Indenture hereinafter referred to, and is registered in the name of the
Depository or a nominee of the Depository. This Security is exchangeable for Securities registered in the name of a person other than the Depository or its nominee only in the limited circumstances described in the Indenture, and may not be
transferred except as a whole by the Depository to a nominee of the Depository, by a nominee of the Depository to the Depository or another nominee of the Depository or by the Depository or any such nominee to a successor Depository or a nominee of
such a successor Depository.” 
 (e) Acts of Holders. The Depository, as a Holder, may appoint agents and otherwise authorize
participants to give or take any request, demand, authorization, direction, notice, consent, waiver or other action which a Holder is entitled to give or take under the Indenture. 

(f) Payments. Notwithstanding the other provisions of this Indenture, unless otherwise specified as contemplated by Section 2.02,
payment of the principal of and interest, if any, on any Global Security shall be made to the Holder thereof. 
 (g) Consents,
Declaration and Directions. Except as provided in Section 2.14(f), the Company, the Trustee and any Agent shall treat a person as the Holder of such principal amount of outstanding Securities of such Series represented by a Global Security as
shall be specified in a written statement of the Depository with respect to such Global Security, for purposes of obtaining any consents, declarations, waivers or directions required to be given by the Holders pursuant to this Indenture. 

(h) The Depository or its nominee, as registered owner of a Global Security, shall be the Holder of such Global Security for all purposes
under the Indenture and the Securities, and owners of beneficial interests in a Global Security shall hold such interests pursuant to the Applicable Procedures. Accordingly, any such owner’s beneficial interest in a Global Security will be
shown only on, and the transfer of such interest shall be effected only through, records maintained by the Depositary or its nominee and such owners of beneficial interests in a Global Security will not be considered the owners or holders thereof.

 Section 2.15 CUSIP Numbers. The Company in issuing the Securities may use “CUSIP” numbers (if then generally in
use), and, if so, the Trustee shall use “CUSIP” numbers in notices of redemption as a convenience to Holders; provided that any such notice may state that no representation is made as to the correctness of such numbers either as printed on
the Securities or as contained in any notice of a redemption and that reliance may be placed only on the other elements of identification printed on the Securities, and any such redemption shall not be affected by any defect in or omission of such
numbers. The Company shall promptly notify the Trustee of any change in “CUSIP” numbers of which the Company becomes aware. 

  
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 ARTICLE III 

REDEMPTION 

Section 3.01 Notice to Trustee. The Company may, with respect to any Series of Securities, reserve the right to redeem and pay the
Series of Securities or may covenant to redeem and pay the Series of Securities or any part thereof prior to the Stated Maturity thereof at such time and on such terms as provided for in such Securities. If a Series of Securities is redeemable and
the Company wants or is obligated to redeem prior to the Stated Maturity thereof all or part of the Series of Securities pursuant to the terms of such Securities, it shall notify the Trustee of the redemption date and the principal amount of Series
of Securities to be redeemed. 
 Section 3.02 Selection of Securities to be Redeemed. Unless otherwise indicated for a
particular Series by a Board Resolution, a supplemental indenture or an Officers’ Certificate, if less than all the Securities of a Series are to be redeemed, the Trustee shall select the Securities of the Series to be redeemed in any manner
that the Trustee deems fair and appropriate. The Trustee shall make the selection from Securities of the Series outstanding not previously called for redemption. The Trustee may select for redemption portions of the principal of Securities of the
Series that have denominations larger than $1,000. Securities of the Series and portions of them it selects shall be in amounts of $1,000 or whole multiples of $1,000 or, with respect to Securities of any Series issuable in other denominations
pursuant to Section 2.02(j), the minimum principal denomination for each Series and integral multiples thereof. Provisions of this Indenture that apply to Securities of a Series called for redemption also apply to portions of Securities of that
Series called for redemption. 
 Section 3.03 Notice of Redemption. Unless otherwise indicated for a particular Series by Board
Resolution, a supplemental indenture hereto or an Officers’ Certificate, at least thirty (30) days but not more than sixty (60) days before a redemption date, the Company shall mail a notice of redemption by first-class mail to each
Holder whose Securities are to be redeemed and, if any Bearer Securities are outstanding, publish on one occasion a notice in an Authorized Newspaper. The notice shall identify the Securities of the Series to be redeemed and shall state: 

(i) the redemption date; 
 (ii)
the redemption price; 
 (iii) the name and address of the Paying Agent; 

(iv) that Securities of the Series called for redemption must be surrendered to the Paying Agent to collect the redemption price; 

(v) that interest, if any, on Securities of the Series called for redemption ceases to accrue on and after the redemption date; 

(vi) the CUSIP number, if any; and 

(vii) any other information as may be required by the terms of the particular Series or the Securities of a Series being redeemed. 

At the Company’s request, the Trustee shall give the notice of redemption in the Company’s name and at its expense. 

Section 3.04 Effect of Notice of Redemption. Once notice of redemption is mailed or published as provided in Section 3.03,
Securities of a Series called for redemption become due and payable on the redemption date and at the redemption price. A notice of redemption may not be conditional. Upon surrender to the Paying Agent, such Securities shall be paid at the
redemption price plus accrued interest, if any, to the redemption date; provided that installments of interest whose Stated Maturity is on or prior to the redemption date shall be payable to the Holders of such Securities (or one or more predecessor
Securities) registered at the close of business on the relevant record date therefor according to their terms and the terms of this Indenture. 

Section 3.05 Deposit of Redemption Price. On or before 10:00 a.m., New York City time, on the redemption date, the Company
shall deposit with the Paying Agent money sufficient to pay the redemption price of and accrued interest, if any, on all Securities to be redeemed on that date. 

  
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 Section 3.06 Securities Redeemed in Part. Upon surrender of a Security that is
redeemed in part, the Trustee shall authenticate for the Holder a new Security of the same Series and the same maturity equal in principal amount to the unredeemed portion of the Security surrendered. 

ARTICLE IV 
 COVENANTS

 Section 4.01 Payment of Principal and Interest. The Company covenants and agrees for the benefit of the Holders of each
Series of Securities that it will duly and punctually pay the principal of and interest, if any, on the Securities of that Series in accordance with the terms of such Securities and this Indenture. 

Section 4.02 Commission Reports. The Company shall, so long as any of the Securities are outstanding, electronically file with the
Commission the annual, quarterly and other periodic reports that the Company is required to file with the Commission pursuant to Sections 13 and 15(d) of the Exchange Act. The Company also shall comply with the other provisions of TIA
Section 314(a). Delivery of any reports, information and documents to the Trustee is for informational purposes only and the Trustee’s receipt of such shall not constitute constructive notice of any information contained therein or
determinable from information contained therein, including the Company’s compliance with any of its covenants hereunder (as to which the Trustee is entitled to rely exclusively on an Officers’ Certificate). 

Section 4.03 Compliance Certificate. The Company shall, so long as any of the Securities are outstanding, deliver to the Trustee,
within 120 days after the end of each fiscal year of the Company, an Officers’ Certificate stating whether or not to the knowledge of the signers thereof the Company is in default in the performance and observance of any of the terms,
provisions and conditions hereof (without regard to any period of grace or requirement of notice provided hereunder), and if a Default or Event of Default shall have occurred, specifying all such Defaults or Events of Default and the nature and
status thereof of which they may have knowledge. The Company shall, so long as any of the Securities are outstanding, deliver to the Trustee, within thirty (30) days after becoming aware of any Default or Event of Default, an Officers’
Certificate specifying such Default or Event of Default and what action the Company is taking or proposes to take with respect thereto. 

Section 4.04 Stay, Extension and Usury Laws. The Company covenants (to the extent that it may lawfully do so) that it will not at
any time insist upon, plead or in any manner whatsoever claim or take the benefit or advantage of, any stay, extension or usury law wherever enacted, now or at any time hereafter in force, which may affect the covenants or the performance of this
Indenture or the Securities and the Company (to the extent it may lawfully do so) hereby expressly waives all benefit or advantage of any such law and covenants that it will not, by resort to any such law, hinder, delay or impede the execution of
any power herein granted to the Trustee, but will suffer and permit the execution of every such power as though no such law has been enacted. 

ARTICLE V 
 SUCCESSORS

 Section 5.01 When Company May Merge, Etc. The Company shall not consolidate with or merge with or into, or convey,
transfer or lease all or substantially all of its properties and assets to, any person (a “successor person”) unless: 

(a) the Company is the surviving entity or the successor person (if other than the Company) is organized and validly existing under the
laws of any U.S. domestic jurisdiction and expressly assumes the Company’s obligations on the Securities and under this Indenture; and 

(b) immediately after giving effect to the transaction, no Default or Event of Default shall have occurred and be continuing. 

The Company shall deliver to the Trustee prior to the consummation of the proposed transaction an Officers’ Certificate to the foregoing
effect and an Opinion of Counsel stating that the proposed transaction and any supplemental indenture comply with this Indenture. 

Section 5.02 Successor Entity Substituted. Upon any consolidation or merger, or any sale, lease, conveyance or other disposition
of all or substantially all of the assets of the Company in accordance with Section 5.01, the successor entity formed by such consolidation or into or with which the Company is merged 

  
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or to which such sale, lease, conveyance or other disposition is made shall succeed to, and be substituted for, and may exercise every right and power of, the Company under this Indenture with
the same effect as if such successor person has been named as the Company herein; provided, however, that the predecessor Company in the case of a sale, conveyance or other disposition (other than a lease) shall be released from all obligations and
covenants under this Indenture and the Securities. 
 ARTICLE VI 

DEFAULTS AND REMEDIES 

Section 6.01 Events of Default. 

“Event of Default,” wherever used herein with respect to Securities of any Series, means any one of the following events, unless in
the establishing Board Resolution, supplemental indenture or Officers’ Certificate, it is provided that such Series shall not have the benefit of said Event of Default: 

(a) default in the payment of any interest, if any, on any Security of that Series when it becomes due and payable, and continuance of
such default for a period of thirty (30) days (unless the entire amount of such payment is deposited by the Company with the Trustee or with a Paying Agent prior to the expiration of such period of thirty (30) days); or 

(b) default in the payment of principal of any Security of that Series at its Maturity; or 

(c) default in the performance or breach of any covenant or warranty of the Company in this Indenture (other than a covenant or warranty
for which the consequences of nonperformance or breach are addressed elsewhere in this Section 6.01 and other than a covenant or warranty that has been included in this Indenture solely for the benefit of Series of Securities other than that
Series), which default continues uncured for a period of ninety (90) days after there has been given, by registered or certified mail, to the Company by the Trustee or to the Company and the Trustee by the Holders of not less than a majority in
principal amount of the outstanding Securities of that Series a written notice specifying such default or breach and requiring it to be remedied and stating that such notice is a “Notice of Default” hereunder; or 

(d) the Company pursuant to or within the meaning of any Bankruptcy Law: (i) commences a voluntary case or proceeding;
(ii) consents to the entry of an order for relief against it in an involuntary case, (iii) consents to the appointment of a Custodian of it or for all or substantially all of its property, (iv) makes a general assignment for the
benefit of its creditors, or (v) makes an admission by writing that it is generally unable to pay its debts as the same become due; or 

(e) a court of competent jurisdiction enters an order or decree under any Bankruptcy Law that: (i) is for relief against the
Company in an involuntary case, (ii) appoints a Custodian of the Company or for all or substantially all of its property, or (iii) orders the liquidation of the Company, and the order or decree remains unstayed and in effect for ninety
(90) days; or 
 (f) any other Event of Default provided with respect to Securities of that Series, which is specified in a Board
Resolution, a supplemental indenture hereto or an Officers’ Certificate, in accordance with Section 2.02(n). 
 The term
“Bankruptcy Law” means Title 11 of the U.S. Code or any similar federal or state law for the relief of debtors. The term “Custodian” means any receiver, trustee, assignee, liquidator or similar official under any Bankruptcy Law.

 Section 6.02 Acceleration of Maturity; Rescission and Annulment. If an Event of Default with respect to Securities of any
Series at the time outstanding occurs and is continuing (other than an Event of Default referred to in Section 6.1(d) or (e)), then in every such case the Trustee or the Holders of not less than a majority in principal amount of the outstanding
Securities of that Series may declare the principal amount (or, if any Securities of that Series are Discount Securities, such portion of the principal amount as may be specified in the terms of such Securities) of and accrued and unpaid interest,
if any, on all of the Securities of that Series to be due and payable immediately, by a notice in writing to the Company (and to the Trustee if given by Holders), and upon any such declaration such principal amount (or specified amount) and accrued
and unpaid interest, if any, shall become immediately due and payable. If an Event of Default specified in Section 6.1(d) or (e) shall occur, the principal amount (or specified amount) of and accrued and unpaid interest, if any, on all
outstanding Securities shall ipso facto become and be immediately due and payable without any declaration or other act on the part of the Trustee or 

  
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any Holder. At any time after such a declaration of acceleration with respect to any Series has been made and before a judgment or decree for payment of the money due has been obtained by the
Trustee as hereinafter in this Article provided, the Holders of a majority in principal amount of the outstanding Securities of that Series, by written notice to the Company and the Trustee, may rescind and annul such declaration and its
consequences if all Events of Default with respect to Securities of that Series, other than the non-payment of the principal and interest, if any, of Securities of that Series which have become due solely by such declaration of acceleration, have
been cured or waived as provided in Section 6.13. No such rescission shall affect any subsequent Default or impair any right consequent thereon. 

Section 6.03 Collection of Indebtedness and Suits for Enforcement by Trustee. 

The Company covenants that if: 

(a) default is made in the payment of any interest on any Security when such interest becomes due and payable and such default continues
for a period of thirty (30) days, or 
 (b) default is made in the payment of principal of any Security at the Maturity thereof,
then the Company will, upon demand of the Trustee, pay to it, for the benefit of the Holders of such Securities, the whole amount then due and payable on such Securities for principal and interest, if any, and, to the extent that payment of such
interest shall be legally enforceable, interest on any overdue principal and any overdue interest at the rate or rates prescribed therefor in such Securities and, in addition thereto, such further amount as shall be sufficient to cover the costs and
expenses of collection, including the reasonable compensation, expenses, disbursements and advances of the Trustee, its agents and counsel. 

If the Company fails to pay such amounts forthwith upon such demand, the Trustee, in its own name and as trustee of an express trust, may
institute a judicial proceeding for the collection of the sums so due and unpaid, may prosecute such proceeding to judgment or final decree and may enforce the same against the Company or any other obligor upon such Securities and collect the moneys
adjudged or deemed to be payable in the manner provided by law out of the property of the Company or any other obligor upon such Securities, wherever situated. 

If an Event of Default with respect to any Securities of any Series occurs and is continuing, the Trustee may in its discretion proceed to
protect and enforce its rights and the rights of the Holders of Securities of such Series by such appropriate judicial proceedings as the Trustee shall deem most effectual to protect and enforce any such rights, whether for the specific enforcement
of any covenant or agreement in this Indenture or in aid of the exercise of any power granted herein, or to enforce any other proper remedy. 

Section 6.04 Trustee May File Proofs of Claim. In case of the pendency of any receivership, insolvency, liquidation, bankruptcy,
reorganization, arrangement, adjustment, composition or other judicial proceeding relative to the Company or any other obligor upon the Securities or the property of the Company or of such other obligor or their creditors, the Trustee (irrespective
of whether the principal of the Securities shall then be due and payable as therein expressed or by declaration or otherwise and irrespective of whether the Trustee shall have made any demand on the Company for the payment of overdue principal or
interest, if any) shall be entitled and empowered, by intervention in such proceeding or otherwise, (a) to file and prove a claim for the whole amount of principal and interest, if any, owing and unpaid in respect of the Securities and to file
such other papers or documents as may be necessary or advisable in order to have the claims of the Trustee (including any claim for the reasonable compensation, expenses, disbursements and advances of the Trustee, its agents and counsel) and of the
Holders allowed in such judicial proceeding, and (b) to collect and receive any moneys or other property payable or deliverable on any such claims and to distribute the same, and any custodian, receiver, assignee, trustee, liquidator,
sequestrator or other similar official in any such judicial proceeding is hereby authorized by each Holder to make such payments to the Trustee and, in the event that the Trustee shall consent to the making of such payments directly to the Holders,
to pay to the Trustee any amount due it for the reasonable compensation, expenses, disbursements and advances of the Trustee, its agents and counsel, and any other amounts due the Trustee under Section 7.07. Nothing herein contained shall be
deemed to authorize the Trustee to authorize or consent to or accept or adopt on behalf of any Holder any plan of reorganization, arrangement, adjustment or composition affecting the Securities or the rights of any Holder thereof or to authorize the
Trustee to vote in respect of the claim of any Holder in any such proceeding. 
 Section 6.05 Trustee May Enforce Claims Without
Possession of Securities. All rights of action and claims under this Indenture or the Securities may be prosecuted and enforced by the Trustee without the possession of any of the Securities or the production thereof in any proceeding relating
thereto, and any such proceeding 

  
 13 

 
instituted by the Trustee shall be brought in its own name as trustee of an express trust, and any recovery of judgment shall, after provision for the payment of the reasonable compensation,
expenses, disbursements and advances of the Trustee, its agents and counsel, be for the ratable benefit of the Holders of the Securities in respect of which such judgment has been recovered. 

Section 6.06 Application of Money Collected. 

Any money collected by the Trustee pursuant to this Article shall be applied in the following order, at the date or dates fixed by the Trustee
and, in case of the distribution of such money on account of principal or interest, if any, upon presentation of the Securities and the notation thereon of the payment if only partially paid and upon surrender thereof if fully paid: 

First: To the payment of all amounts due the Trustee under Section 7.07; and 

Second: To the payment of the amounts then due and unpaid for principal of and interest, if any, on the Securities in respect of which or for
the benefit of which such money has been collected, ratably, without preference or priority of any kind, according to the amounts due and payable on such Securities for principal and interest, if any, respectively; and 

Third: To the Company. 

Section 6.07 Limitation on Suits. No Holder of any Security of any Series shall have any right to institute any proceeding,
judicial or otherwise, with respect to this Indenture, or for the appointment of a receiver or trustee, or for any other remedy hereunder, unless: 

(a) such Holder has previously given written notice to the Trustee of a continuing Event of Default with respect to the Securities of
that Series; 
 (b) the Holders of at least a majority in principal amount of the outstanding Securities of that Series shall have made
written request to the Trustee to institute proceedings in respect of such Event of Default in its own name as Trustee hereunder; 

(c) such Holder or Holders have offered to the Trustee reasonable indemnity against the costs, expenses and liabilities to be incurred in
compliance with such request; 
 (d) the Trustee for sixty (60) days after its receipt of such notice, request and offer of
indemnity has failed to institute any such proceeding; and 
 (e) no direction inconsistent with such written request has been given to
the Trustee during such sixty (60)-day period by the Holders of a majority in principal amount of the outstanding Securities of that Series; it being understood and intended that no one or more of such Holders shall have any right in any manner
whatever by virtue of, or by availing of, any provision of this Indenture to affect, disturb or prejudice the rights of any other of such Holders, or to obtain or to seek to obtain priority or preference over any other of such Holders or to enforce
any right under this Indenture, except in the manner herein provided and for the equal and ratable benefit of all such Holders. 

Section 6.08 Unconditional Right of Holders to Receive Principal and Interest. Notwithstanding any other provision in this
Indenture, the Holder of any Security shall have the right, which is absolute and unconditional, to receive payment of the principal of and interest, if any, on such Security on the Stated Maturity or Stated Maturities expressed in such Security
(or, in the case of redemption, on the redemption date) and to institute suit for the enforcement of any such payment, and such rights shall not be impaired without the consent of such Holder. 

Section 6.09 Restoration of Rights and Remedies. If the Trustee or any Holder has instituted any proceeding to enforce any right
or remedy under this Indenture and such proceeding has been discontinued or abandoned for any reason, or has been determined adversely to the Trustee or to such Holder, then and in every such case, subject to any determination in such proceeding,
the Company, the Trustee and the Holders shall be restored severally and respectively to their former positions hereunder and thereafter all rights and remedies of the Trustee and the Holders shall continue as though no such proceeding had been
instituted. 
 Section 6.10 Rights and Remedies Cumulative. Except as otherwise provided with respect to the replacement or
payment of mutilated, destroyed, lost or stolen Securities in Section 2.08, no right or remedy herein conferred upon or reserved to the Trustee or to the Holders is intended to be exclusive of any other right or remedy,

  
 14 

 
and every right and remedy shall, to the extent permitted by applicable law, be cumulative and in addition to every other right and remedy given hereunder or now or hereafter existing at law or
in equity or otherwise. The assertion or employment of any right or remedy hereunder, or otherwise, shall not, to the extent permitted by applicable law, prevent the concurrent assertion or employment of any other appropriate right or remedy. 

Section 6.11 Delay or Omission Not Waiver. No delay or omission of the Trustee or of any Holder of any Securities to exercise any
right or remedy accruing upon any Event of Default shall impair any such right or remedy or constitute a waiver of any such Event of Default or an acquiescence therein. Every right and remedy given by this Article or by law to the Trustee or to the
Holders may be exercised from time to time, and as often as may be deemed expedient, by the Trustee or by the Holders, as the case may be. 

Section 6.12 Control by Holders. The Holders of a majority in principal amount of the outstanding Securities of any Series shall
have the right to direct the time, method and place of conducting any proceeding for any remedy available to the Trustee, or exercising any trust or power conferred on the Trustee, with respect to the Securities of such Series, provided that: 

(a) such direction shall not be in conflict with any rule of law or with this Indenture, 

(b) the Trustee may take any other action deemed proper by the Trustee which is not inconsistent with such direction, and 

(c) subject to the provisions of Section 6.02, the Trustee shall have the right to decline to follow any such direction if the
Trustee in good faith shall, by a Responsible Officer of the Trustee, determine that the proceeding so directed would involve the Trustee in personal liability. 

Section 6.13 Waiver of Past Defaults. The Holders of not less than a majority in principal amount of the outstanding Securities of
any Series may on behalf of the Holders of all the Securities of such Series waive any past Default hereunder with respect to such Series and its consequences, except a Default (i) in the payment of the principal of or interest, if any, on any
Security of such Series (provided, however, that the Holders of a majority in principal amount of the outstanding Securities of any Series may rescind an acceleration and its consequences, including any related payment default that resulted from
such acceleration) or (ii) in respect of a covenant or provision hereof which cannot be modified or amended without the consent of the Holder of each outstanding Security of such Series affected. Upon any such waiver, such Default shall cease
to exist, and any Event of Default arising therefrom shall be deemed to have been cured, for every purpose of this Indenture; but no such waiver shall extend to any subsequent or other Default or impair any right consequent thereon. 

Section 6.14 Undertaking for Costs. All parties to this Indenture agree, and each Holder of any Security by his acceptance thereof
shall be deemed to have agreed, that any court may in its discretion require, in any suit for the enforcement of any right or remedy under this Indenture, or in any suit against the Trustee for any action taken, suffered or omitted by it as Trustee,
the filing by any party litigant in such suit of an undertaking to pay the costs of such suit, and that such court may in its discretion assess reasonable costs, including reasonable attorneys’ fees, against any party litigant in such suit,
having due regard to the merits and good faith of the claims or defenses made by such party litigant; but the provisions of this Section shall not apply to any suit instituted by the Company, to any suit instituted by the Trustee, to any suit
instituted by any Holder, or group of Holders, holding in the aggregate more than 10% in principal amount of the outstanding Securities of any Series, or to any suit instituted by any Holder for the enforcement of the payment of the principal of or
interest on any Security on or after the Stated Maturity or Stated Maturities expressed in such Security (or, in the case of redemption, on the redemption date). 

ARTICLE VII 
 TRUSTEE

 Section 7.01 Duties of Trustee. 

(a) If an Event of Default has occurred and is continuing, the Trustee shall exercise the rights and powers vested in it by this
Indenture and use the same degree of care and skill in their exercise as a prudent person would exercise or use under the circumstances in the conduct of such person’s own affairs. 

(b) Except during the continuance of an Event of Default: 

(i) The Trustee need perform only those duties that are specifically set forth in this Indenture and no others. 

(ii) In the absence of bad faith on its part, the Trustee may conclusively rely, as to the truth of the statements and the
correctness of the opinions expressed therein, upon Officers’ Certificates or Opinions of Counsel furnished to the Trustee and conforming to the requirements of this Indenture; however, in the case of any such Officers’ Certificates or
Opinions of Counsel which by any provisions hereof are specifically required to be furnished to the Trustee, the Trustee shall examine such Officers’ Certificates and Opinions of Counsel to determine whether or not they conform to the
requirements of this Indenture. 

  
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 (c) The Trustee may not be relieved from liability for its own negligent action, its own
negligent failure to act or its own willful misconduct, except that: 
  

	 	(i)	This paragraph does not limit the effect of paragraph (b) of this Section, 

  

	 	(ii)	the Trustee shall not be liable for any error of judgment made in good faith by a Responsible Officer, unless it is proved that the Trustee was negligent in ascertaining the pertinent facts, and 

 

	 	(iii)	the Trustee shall not be liable with respect to any action taken, suffered or omitted to be taken by it with respect to Securities of any Series in good faith in accordance with the direction of the Holders of a
majority in principal amount of the outstanding Securities of such Series relating to the time, method and place of conducting any proceeding for any remedy available to the Trustee, or exercising any trust or power conferred upon the Trustee, under
this Indenture with respect to the Securities of such Series. 

 (d) Every provision of this Indenture that in any way
relates to the Trustee is subject to paragraph (a), (b) and (c) of this Section. 
 (e) The Trustee may refuse to perform any
duty or exercise any right or power at the request or direction of any Holder unless it receives indemnity satisfactory to it against any loss, liability or expense. 

(f) The Trustee shall not be liable for interest on any money received by it except as the Trustee may agree in writing with the Company.

 (g) No provision of this Indenture shall require the Trustee to risk its own funds or otherwise incur any financial liability in the
performance of any of its duties, or in the exercise of any of its rights or powers, if it shall have reasonable grounds for believing that repayment of such funds or adequate indemnity against such risk is not reasonably assured to it. 

(h) The Paying Agent, the Registrar and any Service Agent or authenticating agent shall be entitled to the protections, immunities and
standard of care as are set forth in paragraphs (a), (b) and (c) of this Section with respect to the Trustee. 

Section 7.02 Rights of Trustee. 

(a) The Trustee may rely on and shall be protected in acting or refraining from acting upon any document believed by it to be genuine and
to have been signed or presented by the proper person as required by the Indenture. The Trustee need not investigate any fact or matter stated in the document. 

(b) Before the Trustee acts or refrains from acting, it may require an Officers’ Certificate. The Trustee shall not be liable for
any action it takes or omits to take in good faith in reliance on such Officers’ Certificate. 
 (c) The Trustee may act through
agents and shall not be responsible for the misconduct or negligence of any agent appointed with due care. No Depository shall be deemed an agent of the Trustee, and the Trustee shall not be responsible for any act or omission by any Depository.

 (d) The Trustee shall not be liable for any action it takes or omits to take in good faith which it believes to be authorized or
within its rights or powers, provided that the Trustee’s conduct does not constitute negligence or bad faith. 
 (e) The Trustee
may consult with counsel, and the advice of such counsel or any Opinion of Counsel shall be full and complete authorization and protection in respect of any action taken, suffered or omitted by it hereunder without negligence and in good faith and
in reliance thereon. 
 (f) The Trustee shall be under no obligation to exercise any of the rights or powers vested in it by this
Indenture at the request or direction of any of the Holders of Securities unless such Holders shall have offered to the Trustee reasonable security or indemnity against the costs, expenses and liabilities which might be incurred by it in compliance
with such request or direction. 

  
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 (g) The Trustee shall not be bound to make any investigation into the facts
or matters stated in any resolution, certificate, statement, instrument, opinion, report, notice, request, direction, consent, order, bond, debenture, note, other evidence of indebtedness or other paper or document, but the Trustee, in its
discretion, may make such further inquiry or investigation into such facts or matters as it may see fit. 
 (h) The Trustee shall not
be deemed to have notice of any Default or Event of Default unless a Responsible Officer of the Trustee has actual knowledge thereof or unless written notice of any event which is in fact such a default is received by the Trustee at the Corporate
Trust Office of the Trustee, and such notice references the Securities generally or the Securities of a particular Series and this Indenture. 

(i) The permissive rights of the Trustee enumerated herein shall not be construed as duties. 

Section 7.03 Individual Rights of Trustee. The Trustee in its individual or any other capacity may become the owner or pledgee of
Securities and may otherwise deal with the Company or an Affiliate of the Company with the same rights it would have if it were not Trustee. Any Agent may do the same with like rights. The Trustee is also subject to Sections 7.10 and 7.11. 

Section 7.04 Trustee’s Disclaimer. The Trustee makes no representation as to the validity or adequacy of this Indenture or
the Securities, it shall not be accountable for the Company’s use of the proceeds from the Securities, and it shall not be responsible for any statement in the Securities other than its authentication. 

Section 7.05 Notice of Defaults. If a Default or Event of Default occurs and is continuing with respect to the Securities of any
Series and if it is known to a Responsible Officer of the Trustee, the Trustee shall mail to each Holder of the Securities of that Series and, if any Bearer Securities are outstanding, publish on one occasion in an Authorized Newspaper, notice of a
Default or Event of Default within ninety (90) days after it occurs or, if later, after a Responsible Officer of the Trustee has knowledge of such Default or Event of Default. Except in the case of a Default or Event of Default in payment of
principal of or interest, if any, on any Security of any Series, the Trustee may withhold the notice if and so long as its corporate trust committee or a committee of its Responsible Officers in good faith determines that withholding the notice is
in the interests of Holders of that Series. 
 Section 7.06 Reports by Trustee to Holders. Within sixty (60) days after
May 15 in each year, the Trustee shall transmit by mail to all Holders, as their names and addresses appear on the register kept by the Registrar and, if any Bearer Securities are outstanding, publish in an Authorized Newspaper, a brief report
dated as of such May 15, in accordance with, and to the extent required under, TIA Section 313. A copy of each report at the time of its mailing to Holders of any Series shall be filed with the Commission and each stock exchange on which
the Securities of that Series are listed. The Company shall promptly notify the Trustee when Securities of any Series are listed on any stock exchange. 

Section 7.07 Compensation and Indemnity. The Company shall pay to the Trustee from time to time compensation for its services as
the Company and the Trustee shall from time to time agree upon in writing. The Trustee’s compensation shall not be limited by any law on compensation of a trustee of an express trust. The Company shall reimburse the Trustee upon request for all
reasonable out-of-pocket expenses incurred and documented by it. Such expenses shall include the reasonable compensation and expenses of the Trustee’s agents and counsel. The Company shall indemnify each of the Trustee and any predecessor
Trustee against any loss, liability or expense (including the cost of defending itself), including taxes (other than taxes based upon, measured by or determined by the income of the Trustee) incurred by it, except as set forth in this
Section 7.07, in the performance of its duties under this Indenture as Trustee or Agent. The Trustee shall notify the Company promptly of any claim for which it may seek indemnity. The Company shall defend the claim and the Trustee shall
cooperate in the defense. The Trustee may have one separate counsel and the Company shall pay the reasonable fees and expenses of such counsel. The Company need not pay for any settlement made without its consent, which consent shall not be
unreasonably withheld. This indemnification shall apply to officers, directors, employees, shareholders and agents of the Trustee. The Company need not reimburse any expense or indemnify against any loss or liability incurred by the Trustee or by
any officer, director, employee, shareholder or agent of the Trustee through the negligence or bad faith of any such persons. To secure the Company’s payment obligations in this Section, the Trustee shall have a lien prior to the Securities of
any Series on all money or property held or collected by the Trustee, except that held in trust to pay principal of and interest, if any, on particular Securities of that Series. When the Trustee incurs expenses or renders services after an Event of
Default specified in Section 6.01(d) or (e) occurs, the expenses and the compensation for the services are intended to constitute expenses of administration under any Bankruptcy Law. The provisions of this Section shall survive the
resignation or removal of the Trustee and the termination of this Indenture. 

  
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 Section 7.08 Replacement of Trustee. A resignation or removal of the Trustee and
appointment of a successor Trustee shall become effective only upon the successor Trustee’s acceptance of appointment as provided in this Section. The Trustee may resign with respect to the Securities of one or more Series by so notifying the
Company at least thirty (30) days prior to the date of the proposed resignation. The Holders of a majority in principal amount of the Securities of any Series may remove the Trustee with respect to that Series by so notifying the Trustee and
the Company. The Company may remove the Trustee with respect to Securities of one or more Series if: 
 (a) the Trustee fails to comply
with Section 7.10; 
 (b) the Trustee is adjudged bankrupt or insolvent or an order for relief is entered with respect to the
Trustee under any Bankruptcy Law; 
 (c) a Custodian or public officer takes charge of the Trustee or its property; or 

(d) the Trustee becomes incapable of acting. 

If the Trustee resigns or is removed or if a vacancy exists in the office of Trustee for any reason, the Company shall promptly appoint a
successor Trustee. 
 If a successor Trustee with respect to the Securities of any one or more Series does not take office within sixty
(60) days after the retiring Trustee resigns or is removed, the retiring Trustee, the Company or the Holders of at least a majority in principal amount of the Securities of the applicable Series may petition any court of competent jurisdiction
for the appointment of a successor Trustee. 
 A successor Trustee shall deliver a written acceptance of its appointment to the retiring
Trustee and to the Company. Immediately after that, the retiring Trustee shall transfer all property held by it as Trustee to the successor Trustee subject to the lien provided for in Section 7.07, the resignation or removal of the retiring
Trustee shall become effective, and the successor Trustee shall have all the rights, powers and duties of the Trustee with respect to each Series of Securities for which it is acting as Trustee under this Indenture. A successor Trustee shall mail a
notice of its succession to each Holder of each such Series and, if any Bearer Securities are outstanding, publish such notice on one occasion in an Authorized Newspaper. Notwithstanding replacement of the Trustee pursuant to this Section 7.08,
the Company’s obligations under Section 7.07 hereof shall continue for the benefit of the retiring Trustee with respect to expenses and liabilities incurred by it prior to the date of such replacement. 

Section 7.09 Successor Trustee by Merger, etc. If the Trustee consolidates with, merges or converts into, or transfers all or
substantially all of its corporate trust business to, another corporation, the successor corporation without any further act shall be the successor Trustee. 

Section 7.10 Eligibility; Disqualification. This Indenture shall always have a Trustee who satisfies the requirements of TIA
Section 310(a)(1), (2) and (5). The Trustee shall comply with TIA Section 310(b). 
 Section 7.11 Preferential
Collection of Claims Against Company. The Trustee is subject to TIA Section 311(a), excluding any creditor relationship listed in TIA Section 311(b). A Trustee who has resigned or been removed shall be subject to TIA
Section 311(a) to the extent indicated. 
 ARTICLE VIII 

SATISFACTION AND DISCHARGE; DEFEASANCE 

Section 8.01 Satisfaction and Discharge of Indenture. 

This Indenture shall upon Company Order cease to be of further effect (except as hereinafter provided in this Section 8.01), and the
Trustee, at the expense of the Company, shall execute proper instruments acknowledging satisfaction and discharge of this Indenture, when 

(a) any of the following shall have occurred: (i) no Securities have been issued hereunder; (ii) all Securities theretofore
authenticated and delivered (other than Securities that have been destroyed, lost or stolen and that have 

  
 18 

 
been replaced or paid) have been delivered to the Trustee for cancellation; or (iii) all such Securities not theretofore delivered to the Trustee for cancellation (1) have become due
and payable, or (2) will become due and payable at their Stated Maturity within one (1) year, or (3) are to be called for redemption within one (1) year under arrangements satisfactory to the Trustee for the giving of notice of
redemption by the Trustee in the name, and at the expense, of the Company; and the Company has irrevocably deposited or caused to be deposited with the Trustee as trust funds in trust an amount sufficient for the purpose of paying and discharging
the entire indebtedness on such Securities not theretofore delivered to the Trustee for cancellation, for principal and interest, if any, to the date of such deposit (in the case of Securities which have become due and payable on or prior to the
date of such deposit) or to the Stated Maturity or redemption date, as the case may be; 
 (b) the Company has paid or caused to be
paid all other sums payable hereunder by the Company; and 
 (c) the Company has delivered to the Trustee an Officers’ Certificate
and an Opinion of Counsel, each stating that all conditions precedent herein provided for relating to the satisfaction and discharge of this Indenture have been complied with. 

Notwithstanding the satisfaction and discharge of this Indenture, the obligations of the Company to the Trustee under Section 7.07 and,
if money shall have been deposited with the Trustee pursuant to clause (a) of this Section, the provisions of Sections 2.04, 2.05, 2.07, 2.08, 8.01, 8.02 and 8.05 shall survive. 

Section 8.02 Application of Trust Funds; Indemnification. 

(a) Subject to the provisions of Section 8.05, all money deposited with the Trustee pursuant to Section 8.01, all money and
U.S. Government Obligations or Foreign Government Obligations deposited with the Trustee pursuant to Section 8.03 or 8.04 and all money received by the Trustee in respect of U.S. Government Obligations or Foreign Government Obligations
deposited with the Trustee pursuant to Section 8.03 or 8.04, shall be held in trust and applied by it, in accordance with the provisions of the Securities and this Indenture, to the payment, either directly or through any Paying Agent (other
than the Company acting as its own Paying Agent) as the Trustee may determine, to the persons entitled thereto, of the principal and interest, if any, for whose payment such money has been deposited with or received by the Trustee or analogous
payments as contemplated by Sections 8.03 or 8.04. 
 (b) The Company shall pay and shall indemnify the Trustee against any tax,
fee or other charge imposed on or assessed against U.S. Government Obligations or Foreign Government Obligations deposited pursuant to Sections 8.03 or 8.04 or the interest and principal received in respect of such obligations other than any
payable by or on behalf of Holders. 
 (c) The Trustee shall deliver or pay to the Company from time to time upon Company Request any
U.S. Government Obligations or Foreign Government Obligations or money held by it as provided in Sections 8.03 or 8.04 which, in the opinion of a nationally recognized firm of independent certified public accountants expressed in a written
certification thereof delivered to the Trustee, are then in excess of the amount thereof which then would have been required to be deposited for the purpose for which such U.S. Government Obligations or Foreign Government Obligations or money were
deposited or received. This provision shall not authorize the sale by the Trustee of any U.S. Government Obligations or Foreign Government Obligations held under this Indenture. 

Section 8.03 Legal Defeasance of Securities of any Series. Unless this Section 8.03 is otherwise specified, pursuant to
Section 2.02(s), to be inapplicable to Securities of any Series, the Company shall be deemed to have paid and discharged the entire indebtedness on all the outstanding Securities of any Series on the 91st day after the date of the deposit
referred to in subparagraph (i) hereof, and the provisions of this Indenture, as it relates to such outstanding Securities of such Series, shall no longer be in effect (and the Trustee, at the expense of the Company, shall, at Company Request,
execute proper instruments acknowledging the same), except as to: 
 (a) the rights of Holders of Securities of such Series to receive,
from the trust funds described in subparagraph (i) hereof, (i) payment of the principal of and each installment of principal of and interest, if any, on the outstanding Securities of such Series on the Stated Maturity of such principal or
installment of principal or interest, and (ii) the benefit of any mandatory sinking fund payments applicable to the Securities of such Series on the day on which such payments are due and payable in accordance with the terms of this Indenture
and the Securities of such Series; and 
 (b) the provisions of Sections 2.04, 2.05, 2.07, 2.08, 8.02, 8.03 and 8.05; and 

(c) the rights, powers, trust and immunities of the Trustee hereunder; 

  
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 provided that, the following conditions shall have been satisfied: 

(i) with reference to this Section 8.03, the Company shall have deposited or caused to be irrevocably deposited (except as provided
in Section 8.02(c)) with the Trustee as trust funds in trust for the purpose of making the following payments, specifically pledged as security for and dedicated solely to the benefit of the Holders of such Securities (A) in the case of
Securities of such Series denominated in Dollars, cash in Dollars and/or U.S. Government Obligations, or (B) in the case of Securities of such Series denominated in a Foreign Currency (other than a composite currency), money and/or Foreign
Government Obligations, which through the payment of interest and principal in respect thereof in accordance with their terms, will provide (without reinvestment and assuming no tax liability will be imposed on such Trustee), not later than one day
before the due date of any payment of money, an amount in cash, sufficient, in the opinion of a nationally recognized firm of independent public accountants expressed in a written certification thereof delivered to the Trustee, to pay and discharge
each installment of principal of and interest, if any, on and any mandatory sinking fund payments in respect of all the Securities of such Series on the dates such installments of interest or principal and such sinking fund payments are due; 

(ii) such deposit will not result in a breach or violation of, or constitute a default under, this Indenture or any other agreement or
instrument to which the Company is a party or by which it is bound; 
 (iii) no Default or Event of Default with respect to the
Securities of such Series shall have occurred and be continuing on the date of such deposit or during the period ending on the 91st day after such date; 

(iv) the Company shall have delivered to the Trustee an Officers’ Certificate and an Opinion of Counsel to the effect that
(A) the Company has received from, or there has been published by, the Internal Revenue Service a ruling, or (B) since the date of execution of this Indenture, there has been a change in the applicable Federal income tax law, in either
case to the effect that, and based thereon such Opinion of Counsel shall confirm that, the Holders of the Securities of such Series will not recognize income, gain or loss for Federal income tax purposes as a result of such deposit, defeasance and
discharge and will be subject to Federal income tax on the same amounts and in the same manner and at the same times as would have been the case if such deposit, defeasance and discharge had not occurred; 

(v) the Company shall have delivered to the Trustee an Officers’ Certificate stating that the deposit was not made by the Company
with the intent of preferring the Holders of the Securities of such Series over any other creditors of the Company or with the intent of defeating, hindering, delaying or defrauding any other creditors of the Company; 

(vi) the Company shall have delivered to the Trustee an Officers’ Certificate and an Opinion of Counsel, each stating that all
conditions precedent provided for relating to the defeasance contemplated by this Section have been complied with; and 
 (vii) such
defeasance shall not result in the trust arising from such deposit constituting an investment company within the meaning of the Investment Company Act of 1940, as amended, unless such trust shall be registered under such Act or exempt from
registration thereunder. 
 Section 8.04 Covenant Defeasance. Unless this Section 8.04 is otherwise specified, pursuant to
Section 2.02(s), to be inapplicable to Securities of any Series, on and after the 91st day after the date of the deposit referred to in subparagraph (a) hereof, the Company may omit to comply with respect to the Securities of any Series
with any term, provision or condition set forth under Sections 4.02, 4.03, and 5.01 as well as any additional covenants specified in a supplemental indenture for such Series of Securities or a Board Resolution or an Officers’ Certificate
delivered pursuant to Section 2.02 (and the failure to comply with any such covenants shall not constitute a Default or Event of Default with respect to such Series under Section 6.01) and the occurrence of any event specified in a
supplemental indenture for such Series of Securities or a Board Resolution or an Officers’ Certificate delivered pursuant to Section 2.02 and designated as an Event of Default shall not constitute a Default or Event of Default hereunder,
with respect to the Securities of such Series, provided that the following conditions shall have been satisfied: 
 (a) with reference
to this Section 8.04, the Company has deposited or caused to be irrevocably deposited (except as provided in Section 8.02(c)) with the Trustee as trust funds in trust for the purpose of making the following payments specifically pledged as
security for, and dedicated solely to, the benefit of the Holders of such Securities (i) in the case of Securities of such Series denominated in Dollars, cash in Dollars and/or U.S. Government Obligations, or (ii) in the case of Securities
of such Series denominated in a Foreign Currency (other than a composite currency), money and/or Foreign Government Obligations, which through the payment of interest and principal in respect thereof in accordance with their terms, will provide (and
without reinvestment and assuming no 

  
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tax liability will be imposed on such Trustee), not later than one day before the due date of any payment of money, an amount in cash, sufficient, in the opinion of a nationally recognized firm
of independent certified public accountants expressed in a written certification thereof delivered to the Trustee, to pay and discharge each installment of principal of and interest, if any, on and any mandatory sinking fund payments in respect of
the Securities of such Series on the dates such installments of interest or principal and such sinking fund payments are due; 

(b) such deposit will not result in a breach or violation of, or constitute a default under, this Indenture or any other agreement or
instrument to which the Company is a party or by which it is bound; 
 (c) no Default or Event of Default with respect to the
Securities of such Series shall have occurred and be continuing on the date of such deposit or during the period ending on the 91st day after such date; 

(d) the Company shall have delivered to the Trustee an Opinion of Counsel to the effect that Holders of the Securities of such Series
will not recognize income, gain or loss for federal income tax purposes as a result of such deposit and covenant defeasance and will be subject to federal income tax on the same amounts, in the same manner and at the same times as would have been
the case if such deposit and covenant defeasance had not occurred; 
 (e) the Company shall have delivered to the Trustee an
Officers’ Certificate and an Opinion of Counsel, each stating that all conditions precedent herein provided for relating to the covenant defeasance contemplated by this Section have been complied with; and 

(f) Such defeasance shall not result in the trust arising from such deposit constituting an investment company within the meaning of the
Investment Company Act of 1940, as amended, unless such trust shall be registered under such Act or exempt from registration thereunder. 

Section 8.05 Repayment to Company. The Trustee and the Paying Agent shall pay to the Company upon written request any money held
by them for the payment of principal and interest, if any, that remains unclaimed for two years, and after such time, Holders entitled to the money must look to the Company for payment as general creditors unless an applicable abandoned property law
designates another person. 
 Section 8.06 Reinstatement. If the Trustee or the Paying Agent is unable to apply any money
deposited with respect to Securities of any Series in accordance with Section 8.01 by reason of any legal proceeding or by reason of any order or judgment of any court or governmental authority enjoining, restraining or otherwise prohibiting
such application, the obligations of the Company under this Indenture with respect to the Securities of such Series and under the Securities of such Series shall be revived and reinstated as though no deposit had occurred pursuant to
Section 8.01 until such time as the Trustee or the Paying Agent is permitted to apply all such money in accordance with Section 8.01; provided, however, that if the Company has made any payment of principal of, premium (if any) or
interest, if any, on any Additional Amounts with respect to any Securities because of the reinstatement of its obligations, the Company shall be subrogated to the rights of the Holders of such Securities to receive such payment from the money held
by the Trustee or the Paying Agent. 
 ARTICLE IX 

AMENDMENTS AND WAIVERS 

Section 9.01 Without Consent of Holders. The Company and the Trustee may amend or supplement this Indenture or the Securities of
one or more Series without the consent of any Holder: 
 (a) to evidence the succession of another person to the Company under this
Indenture and the Securities and the assumption by any such successor person of the obligations of the Company hereunder and under the Securities; 

(b) to add or remove covenants of the Company for the benefit of the Holders of all or any series of Securities (and if such covenants
are to be for the benefit of less than all series of Securities, stating that such covenants are expressly being included for the benefit of such series) or to surrender any right or power herein conferred upon the Company provided such action does
not adversely affect the interests of the Company; 
 (c) to add any additional Events of Default; 

(d) to add to or change any of the provisions of this Indenture to such extent as shall be necessary to permit or facilitate the issuance
of Securities in bearer form, registrable or not registrable as to principal, and with or without interest coupons, or to permit or facilitate the issuance of Securities in uncertificated form; 

  
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 (e) to add to, change or eliminate any of the provisions of this Indenture in respect of one
or more Series of Securities, provided that any such addition, change or elimination (A) shall neither (i) apply to any Security of any Series created prior to the execution of such supplemental indenture and entitled to the benefit of
such provision nor (ii) modify the rights of the Holder of any such Security with respect to such provision or (B) shall become effective only when there is no such Security outstanding; 

(f) to establish the forms or terms of the Securities of any series issued pursuant to the terms hereof; 

(g) to cure any ambiguity or correct any inconsistency in this Indenture; 

(h) to evidence and provide for the acceptance of appointment hereunder by a successor Trustee with respect to the Securities of one or
more series and to add to or change any of the provisions of this Indenture as shall be necessary to provide for or facilitate the administration of the trusts hereunder by more than one Trustee; 

(i) to qualify this Indenture under the TIA; 

(j) to provide for uncertificated securities in addition to certificated securities; 

(k) to supplement any provisions of this Indenture necessary to permit or facilitate the defeasance and discharge of any series of
Securities, provided that such action does not adversely affect the interests of the Holders of Securities of such series or any other series; and 

(l) to comply with the rules or regulations of any securities exchange or automated quotation system on which any of the Securities may
be listed or traded. 
 Section 9.02 With Consent of Holders. The Company and the Trustee may enter into a supplemental
indenture with the written consent of the Holders of at least a majority in principal amount of the outstanding Securities of each Series affected by such supplemental indenture (including consents obtained in connection with a tender offer or
exchange offer for the Securities of such Series), for the purpose of adding any provisions to or changing in any manner or eliminating any of the provisions of this Indenture or of any supplemental indenture or of modifying in any manner the rights
of the Holders of each such Series. Except as provided in Section 6.13, the Holders of at least a majority in principal amount of the outstanding Securities of any Series by notice to the Trustee (including consents obtained in connection with
a tender offer or exchange offer for the Securities of such Series) may waive compliance by the Company with any provision of this Indenture or the Securities with respect to such Series. It shall not be necessary for the consent of the Holders of
Securities under this Section 9.02 to approve the particular form of any proposed supplemental indenture or waiver, but it shall be sufficient if such consent approves the substance thereof. After a supplemental indenture or waiver under this
section becomes effective, the Company shall mail to the Holders of Securities affected thereby and, if any Bearer Securities affected thereby are outstanding, publish on one occasion in an Authorized Newspaper, a notice briefly describing the
supplemental indenture or waiver. Any failure by the Company to mail or publish such notice, or any defect therein, shall not, however, in any way impair or affect the validity of any such supplemental indenture or waiver. 

Section 9.03 Limitations. Without the consent of each Holder affected, an amendment or waiver may not: 

(a) reduce the amount of Securities whose Holders must consent to an amendment, supplement or waiver; 

(b) reduce the rate of or extend the time for payment of interest (including default interest), if any, on any Security; 

(c) reduce the principal or change the Stated Maturity of any Security or reduce the amount of, or postpone the date fixed for, the
payment of any sinking fund or analogous obligation; 
 (d) reduce the principal amount of Discount Securities payable upon
acceleration of the maturity thereof; 
 (e) waive a Default or Event of Default in the payment of the principal of or interest, if
any, on any Security (except a rescission of acceleration of the Securities of any Series by the Holders of at least a majority in principal amount of the outstanding Securities of such Series and a waiver of the payment default that resulted from
such acceleration); 
 (f) make the principal of or interest, if any, on any Security payable in any currency other than that stated in
the Security; 
 (g) make any change in Sections 6.08, 6.13, or 9.03; or 

(h) waive a redemption payment with respect to any Security. 

  
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 Section 9.04 Compliance with Trust Indenture Act. Every amendment to this Indenture
or the Securities of one or more Series shall be set forth in a supplemental indenture hereto that complies with the TIA as then in effect. 

Section 9.05 Revocation and Effect of Consents. Until an amendment is set forth in a supplemental indenture or a waiver becomes
effective, a consent to it by a Holder of a Security is a continuing consent by the Holder and every subsequent Holder of a Security or portion of a Security that evidences the same debt as the consenting Holder’s Security, even if notation of
the consent is not made on any Security. However, any such Holder or subsequent Holder may revoke the consent as to his Security or portion of a Security if the Trustee receives the notice of revocation before the date of the supplemental indenture
or the date the waiver becomes effective. Any amendment or waiver once effective shall bind every Holder of each Series affected by such amendment or waiver unless it is of the type described in any of clauses (a) through (h) of
Section 9.03. In that case, the amendment or waiver shall bind each Holder of a Security who has consented to it and every subsequent Holder of a Security or portion of a Security that evidences the same debt as the consenting Holder’s
Security. 
 Section 9.06 Notation on or Exchange of Securities. The Trustee may place an appropriate notation about an
amendment or waiver on any Security of any Series thereafter authenticated. The Company in exchange for Securities of that Series may issue and the Trustee shall authenticate upon request new Securities of that Series that reflect the amendment or
waiver. 
 Section 9.07 Trustee Protected. In executing, or accepting the additional trusts created by, any supplemental
indenture permitted by this Article or the modifications thereby of the trusts created by this Indenture, the Trustee shall be entitled to receive, in addition to the documents required by Section 10.04, and (subject to Section 7.01) shall
be fully protected in relying upon, an Opinion of Counsel stating that the execution of such supplemental indenture is authorized or permitted by this Indenture. The Trustee shall sign all supplemental indentures, except that the Trustee need not
sign any supplemental indenture that adversely affects its rights. 
 ARTICLE X 

MISCELLANEOUS 

Section 10.01 Trust Indenture Act Controls. If any provision of this Indenture limits, qualifies or conflicts with another
provision which is required or deemed to be included in this Indenture by the TIA, such required or deemed provision shall control. 

Section 10.02 Notices. 

(a) Any notice or communication by the Company or the Trustee to the other, or by a Holder to the Company or the Trustee, is duly given
if in writing and delivered in person or mailed by first-class mail or sent by telecopier transmission addressed as follows: 
 if to the Company: 

Navios Maritime Partners L.P. 
 7 Avenue de Grande Bretagne,
Office 11B2 
 Monte Carlo, MC 98000 Monaco 
 Attention:
Vasiliki Papaefthymiou 
 Telephone: (377) 9798-2140 
 if
to the Trustee: 
 [                    ] 

(b) The Company or the Trustee by notice to the other may designate additional or different addresses for subsequent notices or
communications. Any notice or communication to a Holder shall be mailed by first-class mail to his address shown on the register kept by the Registrar and, if any Bearer Securities are outstanding, published in an Authorized Newspaper. Failure to
mail a notice or communication to a Holder of any Series or any defect in it shall not affect its sufficiency with respect to other Holders of that or any other Series. If a notice or communication is mailed or published in the manner provided
above, within the time prescribed, it is duly given, whether or not the Holder receives it. If the Company mails a notice or communication to Holders, it shall mail a copy to the Trustee and each Agent at the same time. 

  
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 (c) Any notice or demand that by any provision of this Indenture is required
or permitted to be given or served by the Company may, at the Company’s written request received by the Trustee not fewer than five (5) Business Days prior (or such shorter period of time as may be acceptable to the Trustee) to the date on
which such notice must be given or served, be given or served by the Trustee in the name of and at the expense of the Company. 

Section 10.03 Communication by Holders with Other Holders. Holders of any Series may communicate pursuant to TIA
Section 312(b) with other Holders of that Series or any other Series with respect to their rights under this Indenture or the Securities of that Series or all Series. The Company, the Trustee, the Registrar and anyone else shall have the
protection of TIA Section 312(c). 
 Section 10.04 Certificate and Opinion as to Conditions Precedent. Upon any request or
application by the Company to the Trustee to take any action under this Indenture, the Company shall furnish to the Trustee: 
 (a) an
Officers’ Certificate stating that, in the opinion of the signers, all conditions precedent, if any, provided for in this Indenture relating to the proposed action have been complied with; and 

(b) an Opinion of Counsel stating that, in the opinion of such counsel, all such conditions precedent have been complied with. 

Section 10.05 Statements Required in Certificate or Opinion. Each certificate or opinion with respect to compliance with a
condition or covenant provided for in this Indenture (other than a certificate provided pursuant to TIA Section 314(a)(4)) shall comply with the provisions of TIA Section 314(e) and shall include: 

(a) a statement that the person making such certificate or opinion has read such covenant or condition; 

(b) a brief statement as to the nature and scope of the examination or investigation upon which the statements or opinions contained in
such certificate or opinion are based; 
 (c) a statement that, in the opinion of such person, he has made such examination or
investigation as is necessary to enable him to express an informed opinion as to whether or not such covenant or condition has been complied with; and 

(d) a statement as to whether or not, in the opinion of such person, such condition or covenant has been complied with. 

Section 10.06 Rules by Trustee and Agents. The Trustee may make reasonable rules for action by or a meeting of Holders of one or
more Series. Any Agent may make reasonable rules and set reasonable requirements for its functions. 
 Section 10.07 Legal
Holidays. Unless otherwise provided by Board Resolution, Officers’ Certificate or supplemental indenture hereto for a particular Series, a “Legal Holiday” is any day that is not a Business Day. If a payment date is a Legal Holiday
at a place of payment, payment may be made at that place on the next succeeding day that is not a Legal Holiday, and no interest shall accrue for the intervening period. 

Section 10.08 No Recourse Against Others. A director, officer, employee or unitholder, as such, of the Company shall not have any
liability for any obligations of the Company under the Securities or the Indenture or for any claim based on, in respect of or by reason of such obligations or their creation. Each Holder by accepting a Security waives and releases all such
liability. The waiver and release are part of the consideration for the issue of the Securities. 
 Section 10.09 Counterparts.
This Indenture may be executed in any number of counterparts and by the parties hereto in separate counterparts, each of which when so executed shall be deemed to be an original and all of which taken together shall constitute one and the same
agreement. 
 Section 10.10 Governing Laws. This Indenture and the Securities will be governed by, and construed in accordance
with, the internal laws of the State of New York, without regard to conflict of law principles that would result in the application of any law other than the laws of the State of New York. 

Section 10.11 No Adverse Interpretation of Other Agreements. This Indenture may not be used to interpret another indenture, loan
or debt agreement of the Company or a Subsidiary of the Company. Any such indenture, loan or debt agreement may not be used to interpret this Indenture. 

  
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 Section 10.12 Successors. All agreements of the Company in this Indenture and the
Securities shall bind its successor. All agreements of the Trustee in this Indenture shall bind its successor. 
 Section 10.13
Severability. In case any provision in this Indenture or in the Securities shall be invalid, illegal or unenforceable, the validity, legality and enforceability of the remaining provisions shall not in any way be affected or impaired thereby.

 Section 10.14 Table of Contents, Headings, Etc. The Table of Contents, Cross-Reference Table, and headings of the Articles
and Sections of this Indenture have been inserted for convenience of reference only, are not to be considered a part hereof, and shall in no way modify or restrict any of the terms or provisions hereof. 

Section 10.15 Securities in a Foreign Currency. Unless otherwise specified in a Board Resolution, a supplemental indenture hereto
or an Officers’ Certificate delivered pursuant to Section 2.02 of this Indenture with respect to a particular Series of Securities, whenever for purposes of this Indenture any action may be taken by the Holders of a specified percentage in
aggregate principal amount of Securities of all Series or all Series affected by a particular action at the time outstanding and, at such time, there are outstanding Securities of any Series which are denominated in a coin or currency other than
Dollars, then the principal amount of Securities of such Series which shall be deemed to be outstanding for the purpose of taking such action shall be that amount of Dollars that could be obtained for such amount at the Market Exchange Rate at such
time. For purposes of this Section 10.15, “Market Exchange Rate” shall mean the noon Dollar buying rate in New York City for cable transfers of that currency as published by the Federal Reserve Bank of New York. If such Market
Exchange Rate is not available for any reason with respect to such currency, the Trustee shall use, in its sole discretion and without liability on its part, such quotation of the Federal Reserve Bank of New York as of the most recent available
date, or quotations from one or more major banks in The City of New York or in the country of issue of the currency in question or such other quotations as the Trustee, upon consultation with the Company, shall deem appropriate. The provisions of
this paragraph shall apply in determining the equivalent principal amount in respect of Securities of a Series denominated in currency other than Dollars in connection with any action taken by Holders of Securities pursuant to the terms of this
Indenture. All decisions and determinations of the Trustee regarding the Market Exchange Rate or any alternative determination provided for in the preceding paragraph shall be in its sole discretion and shall, in the absence of manifest error, to
the extent permitted by law, be conclusive for all purposes and irrevocably binding upon the Company and all Holders. 

Section 10.16 Judgment Currency. The Company agrees, to the fullest extent that it may effectively do so under applicable law,
that (a) if for the purpose of obtaining judgment in any court it is necessary to convert the sum due in respect of the principal of or interest or other amount on the Securities of any Series (the “Required Currency”) into a currency
in which a judgment will be rendered (the “Judgment Currency”), the rate of exchange used shall be the rate at which in accordance with normal banking procedures the Trustee could purchase in The City of New York the Required Currency with
the Judgment Currency on the day on which final unappealable judgment is entered, unless such day is not a New York Banking Day, then the rate of exchange used shall be the rate at which in accordance with normal banking procedures the Trustee could
purchase in The City of New York the Required Currency with the Judgment Currency on the New York Banking Day preceding the day on which final unappealable judgment is entered and (b) its obligations under this Indenture to make payments in the
Required Currency (i) shall not be discharged or satisfied by any tender, any recovery pursuant to any judgment (whether or not entered in accordance with subsection (a)), in any currency other than the Required Currency, except to the extent
that such tender or recovery shall result in the actual receipt, by the payee, of the full amount of the Required Currency expressed to be payable in respect of such payments, (ii) shall be enforceable as an alternative or additional cause of
action for the purpose of recovering in the Required Currency the amount, if any, by which such actual receipt shall fall short of the full amount of the Required Currency so expressed to be payable, and (iii) shall not be affected by judgment
being obtained for any other sum due under this Indenture. For purposes of the foregoing, “New York Banking Day” means any day except a Saturday, Sunday or a legal holiday in The City of New York on which banking institutions are
authorized or required by law, regulation or executive order to close. 
 ARTICLE XI 

SINKING FUNDS 

Section 11.01 Applicability of Article. The provisions of this Article shall be applicable to any sinking fund for the retirement
of the Securities of a Series, except as otherwise permitted or required by any form of Security of such Series issued pursuant to this Indenture. The minimum amount of any sinking fund payment provided for by

  
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the terms of the Securities of any Series is herein referred to as a “mandatory sinking fund payment” and any other amount provided for by the terms of Securities of such Series is
herein referred to as an “optional sinking fund payment.” If provided for by the terms of Securities of any Series, the cash amount of any sinking fund payment may be subject to reduction as provided in Section 11.02. Each sinking
fund payment shall be applied to the redemption of Securities of any Series as provided for by the terms of the Securities of such Series. 

Section 11.02 Satisfaction of Sinking Fund Payments with Securities. The Company may, in satisfaction of all or any part of any
sinking fund payment with respect to the Securities of any Series to be made pursuant to the terms of such Securities (1) deliver outstanding Securities of such Series to which such sinking fund payment is applicable (other than any of such
Securities previously called for mandatory sinking fund redemption) and (2) apply as credit Securities of such Series to which such sinking fund payment is applicable and which have been repurchased by the Company or redeemed either at the
election of the Company pursuant to the terms of such Series of Securities (except pursuant to any mandatory sinking fund) or through the application of permitted optional sinking fund payments or other optional redemptions pursuant to the terms of
such Securities, provided that such Securities have not been previously so credited. Such Securities shall be received by the Trustee, together with an Officers’ Certificate with respect thereto, not later than fifteen (15) days prior to
the date on which the Trustee begins the process of selecting Securities for redemption, and shall be credited for such purpose by the Trustee at the price specified in such Securities for redemption through operation of the sinking fund and the
amount of such sinking fund payment shall be reduced accordingly. If as a result of the delivery or credit of Securities in lieu of cash payments pursuant to this Section 11.02, the principal amount of Securities of such Series to be redeemed
in order to exhaust the aforesaid cash payment shall be less than $100,000, the Trustee need not call Securities of such Series for redemption, except upon receipt of a Company Order that such action be taken, and such cash payment shall be held by
the Trustee or a Paying Agent and applied to the next succeeding sinking fund payment, provided, however, that the Trustee or such Paying Agent shall from time to time upon receipt of a Company Order pay over and deliver to the Company any cash
payment so being held by the Trustee or such Paying Agent upon delivery by the Company to the Trustee of Securities of that Series purchased by the Company having an unpaid principal amount equal to the cash payment required to be released to the
Company. 
 Section 11.03 Redemption of Securities for Sinking Fund. Not less than forty-five (45) days (unless otherwise
indicated in the Board Resolution, supplemental indenture or Officers’ Certificate in respect of a particular Series of Securities) prior to each sinking fund payment date for any Series of Securities, the Company will deliver to the Trustee an
Officers’ Certificate specifying the amount of the next ensuing mandatory sinking fund payment for that Series pursuant to the terms of that Series, the portion thereof, if any, which is to be satisfied by payment of cash and the portion
thereof, if any, which is to be satisfied by delivering and crediting of Securities of that Series pursuant to Section 11.02, and the optional amount, if any, to be added in cash to the next ensuing mandatory sinking fund payment, and the
Company shall thereupon be obligated to pay the amount therein specified. Not less than thirty (30) days (unless otherwise indicated in the Board Resolution, Officers’ Certificate or supplemental indenture in respect of a particular Series
of Securities) before each such sinking fund payment date the Trustee shall select the Securities to be redeemed upon such sinking fund payment date in the manner specified in Section 3.02 and cause notice of the redemption thereof to be given
in the name of and at the expense of the Company in the manner provided in Section 3.03. Such notice having been duly given, the redemption of such Securities shall be made upon the terms and in the manner stated in Sections 3.04, 3.05 and
3.06. 

  
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 IN WITNESS WHEREOF, the parties hereto have caused this Indenture to be duly
executed and attested, all as of the day and year first above written. 
  

			
	NAVIOS MARITIME PARTNERS L.P.
		
	By:	 	  

	Name:	 	
	Title:	 	
	
	 [                    ],

as Trustee

		
	By:	 	  

	Name:	 	
	Title:	 	

  
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