Document:

Exhibit 4.5

 

SUBSCRIPTION AND INFORMATION AGENT AGREEMENT

 

This Subscription
and Information Agent Agreement (the “Agreement”) is entered into as of this [___] day of [_____] 2017
by and between, [_____], organized and existing under the laws of [_____] (the “Corporation”), and Broadridge, Inc., a corporation having its principal offices in Philadelphia, Pennsylvania (“Broadridge”).

 

-
WHEREAS, pursuant to a rights
offering (the “Rights Offering”),
the record and
beneficial holders of the Corporation’s common stock, par value $.01 per share (the “Common
Stock”) will be given the right (the “Subscription Rights”)
to subscribe for an aggregate of approximately [_____] Units, each consisting of one share of
Common Stock, and one Warrant,, in each case as more fully set forth in a prospectus and related offering documents (the “Offering
Documents”) to be prepared by the Corporation and filed with the Securities and
Exchange Commissionfor the purpose of effecting the Rights Offering; and

 

WHEREAS,
the Corporation has authorized and directed the Agent to hold funds submitted
by stockholders who exercise Subscription Rights (the “Subscription Funds”) in accordance with
the terms and provisions of this Agreement; and

 

WHEREAS, upon
the terms and conditions set forth in the applicable Offering
Documents, the Agent will record properly
exercised Subscription Rights from holders of the Common Stock on the Record Date (as defined in the applicable Offering Documents),
as well as record and deposit the Subscription Funds for
the purchase of the shares of Common Stock pursuant to the Rights
Offering; and 

 

WHEREAS, the
Corporation desires that Broadridge act as both Subscription
Agent and Information Agent under the Rights
Offering (the “Agent”), and Broadridge has indicated its willingness to do so.

 

NOW, THEREFORE,
in consideration of the mutual covenants contained herein, the parties hereto agree as follows:

 

1.
Appointment of Subscription and Information Agent. The Corporation hereby confirms the appointment of Broadridge
as Agent, and Broadridge hereby agrees to serve as Agent,
upon the terms and conditions set forth herein.

 

2.
Acceptance and Receipt of Subscription Documents.

 

A. After receiving from
the Corporation acknowledgement of the commencement of
the Rights Offering, the Agent shall promptly
mail to each holder of Common Stock as of the Record Date (a) the
appropriate Offering Documents as approved by the Corporation (which shall specify that the exercise
of Subscription Rights shall be effected, and risk
of loss of Subscription Funds shall pass, only upon receipt by the Agent of the properly completed Subscription Certificate
(as defined in the Offering Documents) and Subscription Funds required to effect the exercise
of Subscription Rights under the
Rights Offering) and (b) an envelope addressed to the Agent for use by such holder in exercising
his or her Subscription Rights (the “Mailing”).

 

    	 	1	 

     

    

 

B.        The
Agent, upon receipt of Subscription Funds and duly, completely
and correctly executed Subscription Certificates and other documents
for the exercise of Subscription Rights, shall make note of such Subscriptions
and Subscription Funds with respect of the amount
of shares subscribed for. Upon closing of the Rights
Offering and as promptly as feasible upon the Agent’s receipt of the Corporation’s acceptance and approval
of said Subscription Certificates, (i) the Corporation
will authorize the Agent to no longer accept any subscription documents and to prepare the final subscription list, representing
the number of shares that are purchased in the Rights Offering together with the Warrants that will be issued (i) in book-entry,
or uncertificated, form meaning a direct registration (DRS) account statement from the Corporation’s Transfer Agent reflecting
ownership of the common stock and Warrantsfor which said stockholder has subscribed, or (ii) if said stockholder issues instructions
for the issuance of stock and warrant certificates by the Corporation’s Transfer Agent for those stockholders who deliver
written instructions to obtain their common stock and Warrants in the form of certificates (the “Certificates”)
and (ii) the Agent will release to the Corporation the aggregate
Subscription Funds minus any fees and expense reimbursements (incurred or reserved for disbursements) due to the Agent
from the Corporation (sections (i) and (ii) directly preceding
constituting the “Closing”). No interest on the Subscription Funds will accrue to either the Corporation
or the Corporation’s stockholders.

 

3.
Notification and Processing. The Agent is hereby authorized and directed to, and hereby agrees to perform certain
functions, including but not limited to the following:

 

A. Accept and respond
to all telephone requests from stockholders for information relative to the exercise
of Subscription Rights (except that Agent will not answer questions relating to the sufficiency of the consideration or
the tax implications of the Rights Offering); answer questions
regarding the proper method of exercising Subscription Rights,
including the completion of Subscription Certificates and other documents related to the Rights Offering; maintain a toll-free
number to respond to inquiries; provide assistance to holders of Common Stock and monitor the response to the Rights
Offering; enclose and re-mail the Subscriptions to interested holders of Common Stock; and provide periodic reports as
requested to the Corporation as to the status of the Rights Offering.

 

B. Date stamp each document
relating to its duties hereunder when received;

 

C. Receive and examine
all documents submitted to
it in connection with the exercise of rights under the Rights Offering for proper execution in accordance with the terms
thereof. If Common Stock applicable to a subscription is held
by more than one record holder, the applicable Offering
Documents must be signed by each such holder; if
a holder or joint holders (registrants) hold more than one position in the Corporation, as indicated by different accounts on
the relevant record holder list, then separate, properly
completed and executed subscriptions must be submitted
for each such position held by that or those joint holders (registrants).

 

    	 	2	 

     

    

 

D. Retain or return
to any holders (as applicable) those Offering Documents
evidencing some deficiency in execution and make reasonable attempts to inform such holders of the need to correct any such deficiency;
In any instance where the Agent cannot reconcile such deficiencies, the Agent shall consult with the Corporation for instructions
as to whether the Agent may accept such exercise of Subscription Rights. In the absence of such instructions by Corporation in
writing or email within twenty-four (24) hours after Agent first requests such instructions, Agent is authorized not to accept
such exercise of Subscription Rights and shall notify the exercising stockholder that its exercise is deficient;

 

E. Accept Subscription
Certificates and other documents signed by persons acting in a fiduciary or representative capacity only if such capacity
is properly shown on the subscriptions and proper evidence
of their authority so to act has been submitted;

 

F. Accept subscriptions
for Common Stock to be issued other than in the
name that appears on the Corporation record stockholder
list submitted for such subscription, where (i) the
signature thereon is guaranteed by a financial institution which is a participant in the Securities Transfer Agents Medallion
Program (“STAMP”), the New York Stock Exchange, Inc. Medallion Signature Program (“MSP”),
or The Stock Exchanges Medallion Program (“SEMP”), (ii) any
necessary stock transfer taxes are paid and proof of such payment is submitted or funds therefore are provided to the Agent, or
it is established by the holder that no such taxes are due and payable and (iii) the
“Special Issuance Instructions” on the Subscription
Certificate have been properly completed;

 

G. Retain all subscriptions
accepted and retain such documents pending further instructions from the Corporation;

 

H. Return at the Corporation’s
request any and all necessary records, information and material concerning and representing unsubscribed
Common Stock under the Rights Offering; and

 

I. Maintain on a continuing
basis a list of holders of Common Stock that have not yet subscribed
for Units pursuant to the Rights Offering.

 

4.
Concerning the Subscription and Information Agent.

 

The Agent:

 

		A.	Shall have no duties or obligations other than those set
forth herein, including those described under “Included Services” on Exhibit A, and no duties or obligations
shall be inferred or implied, nor shall Agent be obligated nor expected to perform those services described under “Non-Included
Services” on Exhibit A

 

		B.	May rely on,
and shall be held harmless by, the Corporation in
acting upon any certificate, statement, instrument, opinion, notice, letter, facsimile transmission, telegram electronic mail
or other document, or any security delivered to it, and reasonably believed by it to be genuine and to have been made or signed
by the proper party or parties;

 

		C.	May rely on and shall be held harmless by the Corporation
in acting upon written or oral instructions from the Corporation with respect to any matter relating to its acting as Agent;

 

    	 	3	 

     

    

 

		D.	May consult on documents with counsel satisfactory to it
(including counsel for the Corporation) and shall be held harmless by the Corporation in relying on the advice or opinion of such
counsel in respect of any action taken, suffered or omitted by it hereunder in good faith and in accordance with such advice or
opinion of such counsel;

 

		E.	Shall make the final determination as to whether or not
a Subscription Certificate received by Agent is duly, completely
and correctly executed in order to qualify for the Rights Offering
and Agent shall be held harmless by the Corporation in respect of any action taken, suffered or omitted by Agent hereunder in
good faith and in accordance with its determination; shall not be obligated to take any legal or other action hereunder which
might, in its judgment subject or expose it to any expense or liability unless it shall have been furnished with an indemnity
satisfactory to it;

 

		F.	Shall not be liable or responsible for any recital or statement
contained in any Offering Document or any other documents relating thereto; and

 

		G.	Shall not be liable or responsible for any failure of the
Corporation to comply with any of its obligations relating to the Offering, including without limitation obligations under applicable
regulation or law.

 

This Agreement does
not contemplate any service to be provided by Agent in the case where the conditions of the
Rights Offering have not been met in a timely manner. If necessary, service to be provided by Agent under such circumstances
and remuneration to Agent therefore, will be established in a mutual agreement between Agent and the Corporation, which will become
a part of this Agreement.

 

No later than the
business day after the Mailing, the Corporation will provide Agent with a list of talking points dealing with anticipated questions
from holders of Common Stock. It is understood and agreed that Agent will not provide tax advice, will not interpret tax regulations,
will not opine regarding the merits of the Rights Offering,
and will not provide any comments related to any legal proceedings related to the Corporation.

 

5.
Compensation of the Agent by the Corporation.

 

The Corporation shall
pay fees for the services rendered hereunder, as set forth in the Fee Schedule (attached hereto as Exhibit A). The Agent
shall also be entitled to reimbursement from the Corporation for all reasonable and necessary expenses paid or incurred by it
in connection with the administration by the Agent of its duties hereunder. One half of the total Agent fees (not including postage)
must be paid upon execution of this Agreement. The remaining half must be paid within fifteen (15) business days thereafter. An
invoice for any out-of-pocket and/or per item fees incurred will be rendered to and payable by the Corporation within fifteen
(15) days of the date of said invoice, except for invoiced estimated postage, printing and mailing expenses, which funds must
be received five (5) business days prior to the scheduled Mailing date. It is understood and agreed that all responsibilities
and duties of, and services to be performed by, Agent shall cease if full payment for its services has not been received in accordance
with the above schedule, and said services will not commence thereafter until all payment due has been received by Agent.

 

    	 	4	 

     

    

 

6.
Reminder Mailings. The Corporation agrees that any follow up mailing program will be coordinated exclusively
through Agent, either by Agent or using a vendor that Agent has previously approved. Agent may conduct follow up mailings through
electronic mail, to the extent the email address of the intended recipient Stockholder has been provided by Corporation to Agent.

 

7.
Performance.

 

The Agent shall at
all times act in good faith and agrees to use its commercially reasonable efforts within reasonable time limits to insure the
accuracy and timeliness of all services performed under this Agreement.

 

8.
Indemnification, Limitation of Liability.

 

A. The Corporation covenants
and agrees to indemnify and to hold the Agent harmless
against any claims, actions, judgments, liabilities, costs, expenses (including reasonable fees of its legal counsel), losses
or damages, which may be paid, incurred or suffered by or to which it may become subject, arising from or out of its duties under
this Agreement. Promptly after the receipt by the Agent of notice of any demand or claim, or the commencement of any action, suit,
proceeding or investigation, the Agent shall notify the Corporation thereof in writing. The Corporation shall be entitled to participate
at its own expense in the defense of any such claim or proceeding, and, if it so elects at any time after receipt of such notice,
it may assume the defense of any suit brought to enforce any such claim or of any other legal action or proceeding. Agent will
not, without the Corporation’s prior consent, settle or compromise or consent to the entry of any judgment to any pending
or threatened Action in respect of which indemnification may be sought hereunder. For the purposes of this Section 8,
the phrase “any costs, expenses (including reasonable fees of its legal counsel), losses or damages” means
any amount paid or payable to satisfy any claim, demand, action, suit or proceeding settled, and all reasonable costs and expenses,
including, but not limited to, reasonable counsel fees and disbursements, paid or incurred in investigating or defending against
any such action, suit, proceeding or investigation.

 

B. Agent’s aggregate
liability during any term of this Agreement with respect to, arising from, or arising in connection with this Agreement, or from
all services provided or omitted to be provided under this Agreement, whether in contract, or in tort, or otherwise, is limited
to, and shall not exceed, the amounts paid or payable hereunder by the Corporation to Agent as fees and charges, but not including
reimbursable expenses.

 

    	 	5	 

     

    

 

C. In the event any
question or dispute arises with respect to the proper interpretation of this Agreement or Agent’s duties hereunder or the
rights of the Corporation or of any Stockholders exercising Subscription Rights, Agent shall not be required to act and shall
not be held liable or responsible for refusing to act until the question or dispute has been judicially settled (and Agent may,
if it deems it advisable, but shall not be obligated to, file a suit in interpleader or for a declaratory judgment for such purpose)
by final judgment rendered by a court of competent jurisdiction, binding on all stockholders and parties interested in the matter
which is no longer subject to review or appeal, or settled by a written document in form and substance satisfactory to Agent and
executed by the Corporation and each such stockholder and party. In addition, Agent may require for such purpose, but shall not
be obligated to require, the execution of such written settlement by all the stockholders and all other parties that may have
an interest in the settlement.

 

9.
Further Assurance. From time-to-time and after the date hereof, the Corporation shall deliver or cause to be
delivered to the Agent such further documents and instruments and shall do and cause to be done such further acts as the Agent
shall reasonably request (it being understood that the Agent shall have no obligation to make any such request) to carry out more
effectively the provisions and purposes of this Agreement, to evidence compliance herewith or to assure itself that it is protected
in acting hereunder.

 

10.
Term. The Corporation may terminate this Agreement at any time by providing 60 days written notification
to the Agent. The Agent may terminate this Agreement by providing the Corporation 60 days’ written notice, except that
Agent may terminate this agreement at any time Corporation has not paid in full an invoice from the Agent within the time period
described in section five (5) herein. Upon the effective date of termination of this Agreement, all cash and other payments, without
interest, and all other property then held by the Agent on behalf of the holders of Common Stock hereunder shall be delivered
by it to such successor agent or as otherwise shall be designated in writing by the parties hereto. Upon termination of this Agreement,
all subscription documents received and related documentation
will be returned to the Corporation.

 

11.
Notices. Until further notice in writing by either party hereto to the other party, all written reports, notices
and other communications between the Agent and the Corporation required or permitted hereunder shall be delivered or mailed by
first class mail, postage prepaid, addressed as follows:

 

	If to the Corporation, to:	 	 
	 	 	 
	If to the Agent, to:	 	Broadridge, Inc.

        1717 Arch Street, Suite 1300

        Philadelphia, PA 19103

        Attn: Re-Organization Department

 

12.
Governing Law. This Agreement shall be governed by and construed in accordance with the laws of the Commonwealth
of Pennsylvania and shall inure to the benefit of, and the obligations created hereby shall be binding upon, the successors and
assigns of the parties hereto.

 

    	 	6	 

     

    

 

13.
Assignment.

 

A. Except as provided
in Section 13(B) below, neither this Agreement nor any rights or obligations hereunder may be assigned by either party without
the written consent of the other party.

 

B. The Agent may, without
further consent on the part of the Corporation, subcontract with subcontractors for systems, processing, telephone and mailing
services, and reminder mailing activities, as may be required from time to time; provided, however, that the Agent shall be fully
responsible to the Corporation for the acts and omissions of any subcontractor.

 

C. Except as explicitly
stated elsewhere in this Agreement, nothing under this Agreement shall be construed to give any rights or benefits in this Agreement
to anyone other than the Agent and the Corporation and the duties and responsibilities undertaken pursuant to this Agreement shall
be for the sole and exclusive benefit of the Agent and the Corporation. This Agreement shall inure to the benefit of and be binding
upon the parties and their respective permitted successors and assigns.

 

14.
Amendment. This Agreement may not be modified, amended or supplemented without an express written agreement
executed by each of the parties hereto.

 

15.
Counterparts. This Agreement may be executed in separate counterparts, each of which, when executed and delivered,
shall be an original, but all such counterparts shall together constitute but one and the same instrument.

 

16.
No Joint Venture. This Agreement does not constitute an agreement for a partnership or joint venture between
the Agent and the Corporation. Neither party shall make any commitments with third parties that are binding on the other party
without the other party’s prior written consent.

 

17.
Force Majeure. In the event either party is unable to perform its obligations under the terms of this Agreement
because of acts of God, strikes, equipment or transmission failure or damage that is reasonably beyond its control, or other cause
that is reasonably beyond its control (except, in the case of the Agent, for acts of subcontractors), such party shall not be
liable for damages to the other for any damages resulting from such failure to perform or otherwise from such causes. Performance
under this Agreement shall resume when the affected party or parties are able to perform substantially that party’s duties.

 

18.
Consequential Damages. Neither party to this Agreement shall be liable for any consequential, indirect, special
or incidental damages under any provision of this Agreement or for any consequential, indirect, penal, special or incidental damages
arising out of any act or failure to act hereunder even if that party has been advised of or has foreseen the possibility of such
damages.

 

    	 	7	 

     

    

 

19.
Severability. If any provision of this Agreement shall be held invalid, unlawful, or unenforceable, the validity,
legality, and enforceability of the remaining provisions shall not in any way be affected or impaired.

 

20.
Confidentiality. The Agent and the Company agree that all books, records, information and data pertaining to
the business of the other party which are exchanged or received pursuant to the negotiation or the carrying out of this Agreement,
including the fees for services set forth in the attached schedule, shall remain confidential and shall not be voluntarily disclosed
to any third party (except the party’s attorneys, advisors and affiliates), except with the written approval of the other
party or as may be required by law or regulatory authority.

 

21.
Survival. The provisions of Sections 4, 5, 6, 8, 9, 11, 12, 13, 18,
20, 21 and 22 shall survive any termination of this Agreement.

 

22.
Merger of Agreement. This Agreement constitutes the entire agreement between the parties hereto and supersedes
any prior agreement with respect to the subject matter hereof whether oral or written.

 

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

 

	BROADRIDGE CORPORATE ISSUER SOLUTIONS, INC.	 	SECOND SIGHT MEDICAL PRODUCTS, INC.
	 	 	 
	By:	           	  	By:	              
	 	 	 	 	 
	Title:	 	 	Title:	 

 

    	 	8	 

     

    

 

Exhibit A

 

AGENT FEES AND INCLUDED SERVICES

 

Subscription and Information Agent Fee of
$, plus $for each line item on Depository Trust Company's ATOP forms submitted to Agent. 

 

Extension of the Offering period Fee of $,
if applicable.

 

Agent shall be entitled to reimbursement of all reasonable
out-of-pocket expenses including but not limited to postage, stationery and supplies, which will be billed as incurred during
the performance of Agent’s duties hereunder, including without limitation:

 

Out of pocket expenses

 

		·	Postage
with shared Pre-Sort savings (to be paid in advance) 1

		·	Overnight
                                         delivery / courier service / photocopy service

		·	Envelopes
                                         – outer and BRE (Business Reply Envelopes) 1

		·	Brochures and
                                         enrollment materials

		·	Insurance and
                                         courier fees

		·	Printing of
                                         check forms and blank stock certificates

 

Although Agent may advance payment for these expenses and then
invoice Company, there are occasions when Agent may require advance payment toward large expense items.

 

INCLUDED SERVICES

 

		·	Designating
                                         a corporate action account manager to communicate with all parties hereto and their counsel
                                         to establish the terms, timing and procedures required to carry out Subscription Agent
                                         duties, including document review and execution of legal agreements,
                                         Subscription Certificates
                                         and other Rights Offering documents and communication materials, project management,
                                         and on-going project updates and reporting.

 

		·	Designating
                                         an Information Agent account manager to review and become familiar with all Offer
                                         Documents and provide expert assistance to holders of Common Stock related to
                                         matters concerning the Rights
                                         Offering.

 

		·	Preparing labels
                                         that include name, address for the mailing of
                                         Offering Documents.

 

		·	Collating and
                                         assembling Offering Documents
                                         and envelopes for mailing.

 

		·	Addressing
                                         and enclosing Offering
                                         Documents and return envelopes, for one-time, one-day mailing to holders of Common
                                         Stock.

 

 

1
Rates are subject to change upon U.S. and foreign postage rate increases.

 

    	 	9	 

     

    

 

		·	Receiving,
                                         opening and logging in returned Subscription
                                         Certificates.

 

		·	Checking Subscription
                                         Certificates for validity against master list.

 

		·	Checking for
                                         proper execution of all of
                                         Subscription Certificates and other documents necessary to effect a proper exercise of
                                         Subscription Rights, including W-9’s
                                         (if applicable).

 

		·	Curing defective
                                         subscriptions,
                                         including telephoning and writing holders of Common Stock in connection with unsigned
                                         or improperly executed Subscription
                                         Certificates and other Offering Documents.

 

		·	Soliciting
                                         by mail W-9’s (if applicable) from holders of Common Stock who have not executed
                                         them or whose TIN’s do not match our records.

 

		·	Tracking and
                                         reporting as required the number of shares
                                         of Common Stock to which stockholders have subscribed.

 

		·	Sealing, addressing,
                                         posting (not including postage), and providing envelopes for mailing to holders of Common
                                         Stock.

 

		·	Providing stockholder
                                         relations services to all holders of Common Stock related to the Rights
                                         Offering, including phone, email, and regular mail inquiries.

 

NON-INCLUDED SERVICES

 

		·	Services associated
                                         with new duties, legislation or regulations which become effective after the date of
                                         this Agreement (these will be provided on an appraisal basis)

 

		·	Reasonable
                                         legal review fees if referred to outside counsel

 

		·	Overtime charges
                                         at 100% assessed in the event of late delivery of material for mailings, unless the target
                                         mail date is rescheduled

 

		·	Dedicated Toll
                                         Free 800 Number

 

    	 	10Exhibit

    

INCREASE TERM JOINDER NO. 2 
TO CREDIT AGREEMENT

INCREASE TERM JOINDER NO. 2 TO CREDIT AGREEMENT, dated as of January 25, 2017 (this “Joinder”), is entered into by and among MICROSEMI CORPORATION, a Delaware corporation (the “Borrower”), MORGAN STANLEY SENIOR FUNDING, INC., as administrative agent (in such capacity, the “Administrative Agent”), and the 2017 Incremental Term B Facility Lenders (as hereinafter defined) party hereto.
PRELIMINARY STATEMENTS:
WHEREAS, the Borrower, the several banks and other financial institutions or entities party thereto as lenders, the Administrative Agent and Morgan Stanley Senior Funding, Inc., as collateral agent (in such capacity, the “Collateral Agent”) entered into that certain Credit Agreement, dated as of January 15, 2016 (as amended, amended and restated, supplemented, restated or otherwise modified from time to time, the “Credit Agreement”; capitalized terms not otherwise defined in this Joinder have the same meanings as specified in the Credit Agreement);

WHEREAS, the Borrower has requested that certain financial institutions signatory hereto (in such capacity, the “2017 Incremental Term B Facility Lenders”) collectively provide Commitments (the “2017 Incremental Term B Commitments”) hereunder, and make Incremental Term B Loans pursuant hereto, in an aggregate principal amount equal to $235,000,000 (the “Aggregate 2017 Incremental Term B Commitment”) on the Effective Date, the proceeds of which will be used to refinance all or a portion of the outstanding Revolving Loans and to pay fees and expenses related thereto, and each 2017 Incremental Term B Facility Lender is prepared to make a portion of such Aggregate 2017 Incremental Term B Commitment, and to provide a portion of the loans (the “2017 Incremental Term B Loans”) pursuant thereto, in the respective amounts set forth on Schedule 1 hereto, in each case subject to the other terms and conditions set forth herein; and

WHEREAS, the Borrower, the 2017 Incremental Term B Facility Lenders and the Administrative Agent are entering into this Joinder in order to (i) evidence such 2017 Incremental Term B Commitments and such 2017 Incremental Term B Loans, in accordance with Section 2.4 of the Credit Agreement, and (ii) amend the Credit Agreement to permit certain assignments of the outstanding Term B Loans to be made on or after the Amendment No. 2 Effective Date (as defined in Amendment No. 2 to Credit Agreement, dated as of January 25, 2017, among the Borrower, the subsidiary guarantors party thereto, the Administrative Agent and the Term B Lenders party thereto).

NOW, THEREFORE, in consideration of the premises and for other good and valuable consideration (the receipt and sufficiency of which are hereby acknowledged), the parties hereto hereby agree as follows:

        

    

SECTION 1.    Amendments to Credit Agreement. The Credit Agreement is, effective as of the date hereof and subject to the satisfaction of the conditions precedent set forth in Section 4, hereby amended as follows:
(a)  Schedule 1.1 of the Credit Agreement shall be amended by adding the below to the immediate end thereof:
	
			
	2017 Incremental Term B Loans

	2017 Incremental Term B Facility Lender
	2017 Incremental Term B Commitment
	2017 Incremental Term B Percentage

	Morgan Stanley Senior Funding, Inc.
	$235,000,000.00
	100.00%

	Total:
	$235,000,000.00
	100.00%

(b)    Section 1.1 of the Credit Agreement shall be amended by adding the following new definitions thereto in proper alphabetical order: 
“2017 Increase Term Joinder”:  that certain Increase Term Joinder No. 2 to Credit Agreement, dated as of January 25, 2017, among the Borrower, the Administrative Agent and the 2017 Incremental Term B Facility Lenders party thereto.
“2017 Increase Term Joinder Effective Date”:  the date on which all of the conditions contained in Section 4 of the 2017 Increase Term Joinder have been satisfied or waived by the Administrative Agent.

“2017 Incremental Term B Commitment”:  the several obligations of the 2017 Incremental Term B Facility Lenders to advance the aggregate amount of up to $235,000,000 to the Borrower on the 2017 Increase Term Joinder Effective Date, pursuant to the terms of this Agreement.
 
“2017 Incremental Term B Facility”:  the 2017 Incremental Term B Commitments and the provisions relating to the 2017 Incremental Term B Loans herein.
 
“2017 Incremental Term B Facility Lenders”:  each Lender with a 2017 Incremental Term B Commitment.

“2017 Incremental Term B Loans”:  collectively, the amounts advanced by the 2017 Incremental Term B Facility Lenders to the Borrower under the 2017 Incremental Term B Commitment on the 2017 Increase Term Joinder Effective Date.

        

    

(c)    Section 2.1 of the Credit Agreement is hereby amended by adding the following sentence immediately after the second sentence thereof:
“Subject to the terms and conditions hereof and of the 2017 Increase Term Joinder, each 2017 Incremental Term B Facility Lender severally agrees to make, on the 2017 Increase Term Joinder Effective Date, a single Incremental Term B Loan to the Borrower in Dollars in an amount equal to such 2017 Incremental Term B Facility Lender’s 2017 Incremental Term B Commitment as set forth on Schedule 1.1 (after giving effect to the 2017 Increase Term Joinder).”
(d)    Section 2.3 of the Credit Agreement is hereby amended by adding a new clause (d) at the end thereof:
“in the case of the 2017 Incremental Term B Loans, beginning with the Quarterly Payment Date occurring on or around March 31, 2017, an amount equal to 0.25% of the aggregate initial principal amount of all the 2017 Incremental Term B Loans theretofore borrowed by the Borrower pursuant to Section 2.1 (which amounts shall be reduced as a result of the application of prepayments in accordance with the order of priority set forth in Section 4.8 or as designated by the Borrower in accordance with Section 4.1).  The remaining unpaid principal amount of the 2017 Incremental Term B Loans and all other Obligations under or in respect of the 2017 Incremental Term B Loans shall be due and payable in full, if not earlier in accordance with this Agreement, on the Term B Loan Maturity Date, except to the extent extended by individual Lenders as to such Lender’s 2017 Incremental Term B Loan.”

    
SECTION 2.    The 2017 Incremental Term B Loans.  Pursuant to Section 2.4 of the Credit Agreement, and subject to the satisfaction of the conditions set forth in Section 4 hereof, on and as of the Effective Date:
(a)   Each 2017 Incremental Term B Facility Lender party hereto hereby agrees that upon, and subject to, the occurrence of the Effective Date, (i) such 2017 Incremental Term B Facility Lender shall have, as contemplated by Section 2.4 of the Credit Agreement, a 2017 Incremental Term B Commitment in an amount equal to the amount set forth opposite such 2017 Incremental Term B Facility Lender’s name under the heading “2017 Incremental Term B Commitment” on Schedule 1 to this Joinder, and (ii) such 2017 Incremental Term B Facility Lender shall be deemed to be, and shall become a “Lender”, a “Term Lender” and a “Term B Lender” for all purposes of, and subject to all the obligations of a “Lender”, a “Term Lender” and a “Term B Lender” under the Credit Agreement and the other Loan Documents.  The Borrower and the Administrative Agent hereby agree that from and after the Effective Date, each 2017 Incremental Term B Facility Lender shall be deemed to be, and shall become, a “Lender”, a “Term Lender” and a “Term B Lender” for all purposes of, and with all the rights and remedies of a “Lender”, a “Term Lender” and a “Term B Lender” under, the Credit Agreement and the other Loan Documents.  The Borrower, the Administrative Agent and each 2017 Incremental Term B Facility Lender hereby agree that from and after the Effective Date, (i) each 2017 Incremental Term B Loan shall be a “Loan”, a “Term Loan”, a “Term B Loan”, an “Incremental Term  Loan” and an “Incremental Term B Loan” for all 

        

    

purposes under the Credit Agreement and other Loan Documents, (ii)  the 2017 Incremental Term B Facility shall be a “Facility”, a “Term Facility”, a “Term B Facility”, an “Incremental Term Facility and an “Incremental Term B Facility” for all purposes under the Credit Agreement and other Loan Documents, (iii) each 2017 Incremental Term B Commitment shall be a “Commitment”, a “Term Commitment”, a “Term B Commitment”, an “Incremental Term Loan Commitment” and an “Incremental Term B Commitment” for all purposes under the Credit Agreement and the other Loan Documents.  From and after the Effective Date, each reference in the Credit Agreement to any 2017 Incremental Term B Facility Lender’s 2017 Incremental Term B Commitment shall mean its 2017 Incremental Term B Commitment as acquired pursuant to this Joinder, and as set forth opposite its name on Schedule 1 to this Joinder under the heading “2017 Incremental Term B Commitment”.
(b)  Each 2017 Incremental Term B Facility Lender hereby agrees to make Incremental Term B Loans to the Borrower on the Effective Date in a principal amount not to exceed its respective 2017 Incremental Term B Commitment (as determined after giving effect to this Joinder).
SECTION 3.    Reference to and Effect on the Loan Documents.
            (a) On and after the Effective Date, each reference in the Credit Agreement to “this Agreement”, “hereunder”, “hereof” or words of like import referring to the Credit Agreement, and each reference in the other Loan Documents to “the Credit Agreement”, “thereunder”, “thereof” or words of like import referring to the Credit Agreement, shall mean and be a reference to the Credit Agreement, as amended by this Joinder.
(b)    The Credit Agreement, as specifically amended by this Joinder, and the other Loan Documents are, and shall continue to be, in full force and effect, and are hereby in all respects ratified and confirmed.
(c)    Except as expressly provided herein, the execution, delivery and effectiveness of this Joinder shall not operate as a waiver of any right, power or remedy of any Lender, the Administrative Agent or the Collateral Agent under the Credit Agreement or any other Loan Document, nor shall it constitute a waiver of any provision of the Credit Agreement or any Loan Document.
(d)    The Borrower, for itself and on behalf of each of the Loan Parties, hereby (i) ratifies and reaffirms all of its payment and performance obligations, contingent or otherwise, under each of the Loan Documents to which it is a party, (ii) ratifies and reaffirms each grant of a lien on, or security interest in, its property made pursuant to the Loan Documents (including, without limitation, the grant of security made by such Loan Party pursuant to the Guarantee and Collateral Agreement) and confirms that such liens and security interests continue to secure the Secured Obligations, including under the Loan Documents, including, without limitation, all Secured Obligations resulting from or incurred pursuant to the 2017 Incremental Term B Commitments made pursuant hereto, in each case subject to the terms thereof, and (iii) in the case of each Subsidiary Guarantor, ratifies and reaffirms its guaranty of the Guarantor Obligations (as defined in the Guarantee and Collateral Agreement) pursuant to the Guarantee and Collateral Agreement.

        

    

(e)    This Joinder shall be deemed a Loan Document for all purposes under the Credit Agreement.
SECTION 4.    Conditions of Effectiveness.  This Joinder shall become effective as of the date (the “Effective Date”) on which the following conditions shall have been satisfied (or waived):
(a)     The Administrative Agent shall have received counterparts of this Joinder executed by the Borrower and the 2017 Incremental Term B Facility Lenders.
(b)    After giving effect to this Joinder and the transactions contemplated hereby (i) each of the representations and warranties made by any Loan Party in or pursuant to the Loan Documents shall be true and correct in all material respects on and as of the Effective Date as if made on and as of such date (except to the extent made as of a specific date, in which case such representation and warranty shall be true and correct in all material respects on and as of such specific date), (ii) no Default or Event of Default shall have occurred and be continuing or would result from the borrowings to be made on the Effective Date.
(c)    The Administrative Agent shall have received a legal opinion of O’Melveny & Myers LLP, counsel to the Loan Parties, addressed to the Administrative Agent and the 2017 Incremental Term B Facility Lenders and reasonably satisfactory to the Administrative Agent.
(d)    The Administrative Agent shall have received a certificate of the Borrower substantially in the form of Exhibit F to the Credit Agreement (with such modifications as necessary to make such certificate applicable to the transactions contemplated pursuant to this Joinder) with appropriate insertions and attachments including the certificate of incorporation of the Borrower certified by the relevant authority of the jurisdiction of organization of the Borrower.
(e)    The Administrative Agent shall have received a certificate of the secretary or an assistant secretary of the Borrower confirming compliance with the conditions precedent set forth in clause (b) of this Section 4.
(f)     The Borrower shall have delivered to the Administrative Agent a notice of borrowing (which notice must be received by the Administrative Agent prior to 12:00 Noon, New York City time, on the Effective Date) requesting that the Incremental Term B Facility Lenders make the 2017 Incremental Term B Loans on the Effective Date and specifying the amount to be borrowed.  
(g)    The Borrower shall have paid all reasonable and documented costs and expenses of the Administrative Agent in connection with this Joinder (including the reasonable and documented fees, disbursements and other charges of Shearman & Sterling LLP as counsel to the Administrative Agents) to the extent invoiced one (1) Business Day prior to the Effective Date.

        

    

SECTION 5.    Representations and Warranties.  The Borrower hereby represents and warrants to the Administrative Agent that:
(a)    on and as of the date hereof (i) it has all requisite corporate or other power and authority to enter into and perform its obligations under this Joinder, the Credit Agreement as amended hereby and the other Loan Documents to which it is a party, and (ii) this Joinder has been duly authorized, executed and delivered by it; and
(b)    this Joinder, and the Credit Agreement as amended hereby, constitute legal, valid and binding obligations of the Borrower, enforceable against it in accordance with their respective terms, subject only to any limitation under Laws relating to (i) bankruptcy, insolvency, reorganization, moratorium or creditors’ rights generally; and (ii) general equitable principles including the discretion that a court may exercise in the granting of equitable remedies.
SECTION 6.    Costs and Expenses.  The Borrower agrees that all reasonable out-of-pocket expenses incurred by the Administrative Agent in connection with the preparation, execution, delivery and administration, modification and amendment of this Joinder and the other instruments and documents to be delivered hereunder or in connection herewith (including, without limitation, the reasonable fees, charges and disbursements of counsel for the Administrative Agent (provided that such fees, charges and disbursements shall not include fees, charge and disbursements for more than one counsel plus one local counsel in each relevant jurisdiction)), are expenses that the Borrower is required to pay or reimburse pursuant to Section 11.5 of the Credit Agreement.
SECTION 7.    Execution in Counterparts.  This Joinder may be executed by one or more of the parties to this Joinder on any number of separate counterparts, and all of said counterparts taken together shall be deemed to constitute one and the same instrument.  Delivery of an executed signature page of this Joinder by facsimile transmission or electronic mail (in “.pdf” or similar format) shall be effective as delivery of a manually executed counterpart hereof.
SECTION 8.    GOVERNING LAW.  THIS JOINDER AND THE RIGHTS AND OBLIGATIONS OF THE PARTIES UNDER THIS JOINDER SHALL BE GOVERNED BY, AND CONSTRUED AND INTERPRETED IN ACCORDANCE WITH, THE LAW OF THE STATE OF NEW YORK.
SECTION 9.    WAIVER OF RIGHT OF TRIAL BY JURY.  EACH PARTY HERETO HEREBY IRREVOCABLY WAIVES, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, ANY RIGHT IT MAY HAVE TO A TRIAL BY JURY IN ANY LEGAL PROCEEDING DIRECTLY OR INDIRECTLY ARISING OUT OF OR RELATING TO THIS JOINDER OR THE TRANSACTIONS CONTEMPLATED HEREBY (WHETHER BASED ON CONTRACT, TORT OR ANY OTHER THEORY).  EACH PARTY HERETO (A) CERTIFIES THAT NO REPRESENTATIVE, AGENT OR ATTORNEY OF ANY OTHER PERSON HAS REPRESENTED, EXPRESSLY OR OTHERWISE, THAT SUCH OTHER PERSON WOULD NOT, IN THE EVENT OF LITIGATION, SEEK TO ENFORCE THE FOREGOING WAIVER AND (B) ACKNOWLEDGES THAT IT AND THE OTHER PARTIES HERETO HAVE BEEN INDUCED TO ENTER INTO THIS JOINDER 

        

    

BY, AMONG OTHER THINGS, THE MUTUAL WAIVERS AND CERTIFICATIONS IN THIS SECTION.
[REMAINDER OF PAGE INTENTIONALLY LEFT BLANK]

        

IN WITNESS WHEREOF, the parties have caused this Increase Term Joinder No. 2 to Credit Agreement to be executed by their respective authorized officers as of the date first above written.

MICROSEMI CORPORATION,
as Borrower

		
	By:
	 /s/ John W. Hohener________________

		
	Name:
	John W. Hohener

		
	Title:
	Executive Vice President, Chief Financial Officer, Secretary and Treasurer

    

MORGAN STANLEY SENIOR FUNDING, INC., as Administrative Agent
 

		
	By:
	 /s/ Jonathon Rauen_________________ 
Name: Jonathon Rauen 
Title:  Authorized Signatory

    

MORGAN STANLEY SENIOR FUNDING, INC., as a 2017 Incremental Term B Facility Lender
 

		
	By:
	 /s/ Jonathon Rauen_________________ 
Name: Jonathon Rauen 
Title:  Authorized Signatory

    

Schedule 1 
2017 Incremental Term B Commitments and 2017 Incremental Term B Facility Lenders
	
			
	2017 Incremental Term B Facility Lender
	2017 Incremental Term B Commitment
	2017 Incremental Term B Commitment Percentage

	Morgan Stanley Senior Funding, Inc.
	$235,000,000.00
	100.00%

	Total:
	$235,000,000.00
	100.00%

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00266-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00266-of-00352.parquet"}]]