Document:

EX-10.9

 Exhibit 10.9 
 EXECUTION VERSION 
 REGISTRATION RIGHTS AGREEMENT 

This REGISTRATION RIGHTS AGREEMENT (this “Agreement”) is made as of May 6, 2013, by and among Oclaro, Inc., a
Delaware corporation (the “Company”), PECM Strategic Funding L.P., a Delaware limited partnership (“Strategic Fund”), and Providence TMT Debt Fund II L.P., a Delaware limited partnership (“TMT” and,
together with Strategic Fund, “Providence”). 
 WHEREAS, the Company has agreed to grant certain registration
rights to the Providence Investors in respect of their Providence Registrable Securities. 
 NOW, THEREFORE, in consideration of
the mutual promises made herein and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto, intending to be legally bound, hereby agree as follows: 

ARTICLE I 

GENERAL PROVISIONS; DEFINITIONS 
 Section 1.1 Definitions. Capitalized terms used but not otherwise defined herein shall have the following meanings: 
 “Commission” shall mean the Securities and Exchange Commission, or any other successor federal agency at the time administering the Securities Act. 

“Demand Registrations” shall have the meaning specified in Section 2.1 (a). 

“Exchange Act” shall mean the Securities Exchange Act of 1934, as amended, or any similar federal statute and the rules
and regulations of the Commission thereunder, all as the same shall be in effect at the time. 
 “FINRA” shall
mean the Financial Industry Regulatory Authority, Inc. 
 “Long-Form Registrations” shall have the meaning
specified in Section 2.l(a). 
 “Losses” shall have the meaning specified in
Section 2.6(a). 
 “Person” shall mean any individual, sole proprietorship, partnership, joint
venture, trust, unincorporated association, corporation, limited liability company, entity or governmental entity (whether federal, state, county, city or otherwise and including any instrumentality, division, agency or department thereof).

 “Piggyback Registration” shall have the meaning specified in Section 2.2(a). 

“Providence Investors” shall mean Providence and each of their transferees. 

“Providence Registrable Securities” shall mean (i) any common stock acquired by, issued or issuable upon exercise
of the Providence Warrants and (ii) any common stock issued or issuable directly or indirectly with respect to the common stock referred to in clause (i) above by way of a stock dividend or stock split or in connection with an exchange or
combination of shares, recapitalization, merger, consolidation, or other reorganization. 

 “Providence Warrants” shall mean the 1,836,000 warrants to purchase common
stock issued to Providence by the Company on the date hereof. 
 “Registration Expenses” shall have the meaning
specified in Section 2.5(a). 
 “Required Registration” shall have the meaning specified in
Section 2.(c). 
 “Securities Act” shall mean the Securities Act of 1933, as amended, or any
similar federal statute and the rules and regulations of the Commission thereunder, all as the same shall be in effect at the time. 
 “Short-Form Registrations” shall have the meaning specified in Section 2.1(a). 
 ARTICLE II 
 REGISTRATION RIGHTS 

Section 2.1 Demand Registrations. 
 (a) Requests for Registration. Subject to Article III of this Agreement, at any time after the date hereof, the holders of a majority of the Providence Registrable Securities may request
registration under the Securities Act of all or any portion of the Providence Registrable Securities on Form S-1 or any similar long-form registration (“Long-Form Registrations”), or on Form S-3 (including pursuant to Rule 415 under
the Securities Act) or any similar short-form registration (“Short-Form Registrations”), if available. All registrations requested pursuant to this Section 2.1(a) are referred to herein as “Demand
Registrations.” Each request for a Demand Registration shall specify the approximate number of Providence Registrable Securities requested to be registered. Within ten days after receipt of any such request, the Company shall give written
notice of such requested registration to all other holders of the Providence Registrable Securities and shall include in such registration all Providence Registrable Securities with respect to which the Company has received written requests for
inclusion therein within 15 days after the receipt of the Company’s notice. 
 (b) Long-Form Registrations. The
holders of a majority of the Providence Registrable Securities shall be entitled to request three (3) Long-Form Registrations in which the Company shall pay all Registration Expenses, provided that if in connection with any such
registration the holder(s) initially requesting the same shall not be permitted to register and sell all of the Providence Registrable Securities with respect to which such holder(s) initially requested registration, then such holder(s) shall be
entitled to an additional Long-Form Registration; provided, however, that the Company shall not be required to pay for any expenses of any registration proceeding begun pursuant to this Section 2.1(b) if the registration
request is subsequently withdrawn at the request of the holders of a majority of the Providence Registrable Securities to be registered (in which case all participating holders shall bear such expenses pro rata based upon the number of Providence
Registrable Securities that were to be included in the withdrawn registration), unless the holders of a majority of the Providence Registrable Securities agree to forfeit their right to one demand registration pursuant to Section 2.1(b);
provided further, however, that if at the time of such withdrawal, the holders have learned of a material adverse change in the condition, business, or prospects of the Company from that known to the holders at the time of their
request and have withdrawn the request with reasonable promptness after learning of such information, then the holders shall not be required to pay any of such expenses and shall retain their rights pursuant to Section 2.1(b). All
Long-Form Registrations shall be underwritten registrations. 

  
 -2-

 (c) Short-Form Registrations. In addition to the Long-Form Registrations provided
pursuant to Section 2.1(b), the holders of a majority of the Providence Registrable Securities shall be entitled to request an unlimited number of Short-Form Registrations in which the Company shall pay all Registration Expenses. Demand
Registrations shall be Short-Form Registrations whenever the Company is permitted to use any applicable short form. The Company shall use its reasonable best efforts to make Short-Form Registrations on Form S-3 available for the sale of Providence
Registrable Securities. If the Company, pursuant to a request of the holders of a majority of the Providence Registrable Securities, is qualified to and has filed with the Commission a registration statement under the Securities Act on Form S-3
pursuant to Rule 415 under the Securities Act (the “Required Registration”), then the Company shall use its reasonable best efforts to cause the Required Registration to be declared effective under the Securities Act as soon as
practicable after filing, and, once effective, the Company shall cause such Required Registration to remain effective for a period ending on the date on which all Providence Registrable Securities have been sold pursuant to the Required
Registration. The Company shall not be obligated to effect any such registration, qualification or compliance, pursuant to this Section 2.1(c): (1) if Form S-3 is not then available for such offering by the holders; (2) if the
holders, together with the holders of any other securities of the Company entitled to inclusion in such registration, propose to sell Providence Registrable Securities and such other securities (if any) at an aggregate price to the public (net of
any underwriters’ discounts or commissions) of less than $250,000; or (3) if the Company has, within the twelve (12) month period preceding the date of such request, already effected two registrations on Form S-3 for the holders of
the Providence Registrable Securities pursuant to this Section 2.1. 
 (d) Priority on Demand Registrations.
The Company shall not include in any Demand Registration any securities that are not Providence Registrable Securities without the prior written consent of the holders of a majority of the Providence Registrable Securities requested to be included
in such registration. If a Demand Registration is an underwritten offering and the managing underwriters advise the Company in writing that, in their opinion, the number of Providence Registrable Securities and, if permitted hereunder, other
securities requested to be included in such offering exceeds the number of Providence Registrable Securities and other securities, if any, that can be sold in an orderly manner in such offering within a price range acceptable to the holders of a
majority of the Providence Registrable Securities requested to be included in such registration, then the Company shall include in such registration, prior to the inclusion of any securities that are not Providence Registrable Securities, the number
of Providence Registrable Securities requested to be included that, in the opinion of such underwriters, can be sold in an orderly manner within the price range of such offering, pro rata among the respective holders thereof on the basis of the
amount of Providence Registrable Securities owned by each such holder that were requested to be included in such registration. 

  
 -3-

 (e) Restrictions on Long-Form Registrations. The Company shall not be obligated to
effect any Long-Form Registration within 90 days after the effective date of a previous Long-Form Registration or a previous registration in which the holders of Providence Registrable Securities were given piggyback rights pursuant to
Section 2.2. 
 (f) Selection of Underwriters. The holders of a majority of the Providence Registrable
Securities requested to be included in any registration shall have the right to select the investment banker(s) and manager(s) to administer the offering, which managers shall be reasonably acceptable to the Company. 

Section 2.2 Piggyback Registrations. 
 (a) Right to Piggyback. Whenever the Company proposes to register any of its securities (including any proposed registration of the Company’s securities by any third party, including the
holders of any Providence Registrable Securities) under the Securities Act (other than in connection with registrations on Form S-4, S-8 or any successor or similar forms) and the registration form to be used may be used for the registration of
Providence Registrable Securities (a “Piggyback Registration”), the Company shall give prompt written notice (and in any event within three business days after its receipt of notice of any exercise of demand registration rights
other than under this Agreement) to all holders of Providence Registrable Securities of its intention to effect such a registration and shall include in such registration all Providence Registrable Securities with respect to which the Company has
received written requests for inclusion therein within 20 days after the receipt of the Company’s notice. 
 (b)
Piggyback Expenses. The Registration Expenses of the holders of Providence Registrable Securities shall be paid by the Company in all Piggyback Registrations. 
 (c) Priority on Primary Registrations. If a Piggyback Registration is an underwritten primary registration on behalf of the Company, and the managing underwriters advise the Company in writing
that, in their opinion, the number of securities requested to be included in such registration exceeds the number which can be sold in an orderly manner in such offering within a price range acceptable to the Company, then the Company shall include
in such registration (i) first, the securities the Company proposes to sell, (ii) second, the Providence Registrable Securities requested to be included in such registration and the securities of any other holder to whom the Company has
granted rights to participate in such registration (“Other Securities”), pro rata among the holders of such Providence Registrable Securities and the holders of such Other Securities on the basis of the number of shares owned by each such
holder that requested to be included in such registration, and (iii) third any other securities requested to be included in such registration. 
 (d) Priority on Secondary Registrations. If a Piggyback Registration is an underwritten secondary registration on behalf of holders of the Company’s securities other than holders of Providence
Registrable Securities, and the managing underwriters advise the Company in writing that, in their opinion, the number of securities requested to be included in such registration exceeds the number which can be sold in an orderly manner in such
offering within a price range acceptable to the holders of a majority of the Providence Registrable Securities to be included in such registration, then the Company shall include in such registration (i) first, the securities requested to be
included therein by the holders requesting such registration, (ii) second, the Providence Registrable Securities requested to be included in such registration and the holders of any Other Securities not included in clause (i) above, pro
rata among the holders of such Providence Registrable Securities and the holders of such Other Securities on the basis of the number of shares owned by each such holder that requested to be included in such registration, and (iii) third any
other securities requested to be included in such registration. 

  
 -4-

 Section 2.3 Holdback Agreements. The Company shall not effect any public sale or
distribution of its equity securities, or any securities, options, or rights convertible into or exchangeable or exercisable for such securities, during the seven days prior to and during the 90-day period beginning on the effective date of any
underwritten Demand Registration or any underwritten Piggyback Registration (except as part of such underwritten registration or pursuant to registrations on Form S-8 or any successor form), unless the underwriters managing the registered public
offering otherwise agree. 
 Section 2.4 Registration Procedures. Whenever the holders of Providence Registrable
Securities have requested that any Providence Registrable Securities be registered pursuant to this Agreement, the Company shall use its reasonable best efforts to effect the registration and the sale of such Providence Registrable Securities in
accordance with the intended method of disposition thereof, and pursuant thereto the Company shall as expeditiously as possible: 
 (a) prepare and, within 20 days after the end of the period within which requests for registration may be given to the Company, file with the Commission a registration statement with respect to such
Providence Registrable Securities and use its reasonable best efforts to cause such registration statement to become effective (provided that, before filing a registration statement or prospectus or any amendments or supplements thereto, the
Company shall furnish to the counsel selected by the holders of a majority of the Providence Registrable Securities covered by such registration statement copies of all such documents proposed to be filed, which documents shall be subject to the
review and comment of such counsel); 
 (b) notify in writing each holder of Providence Registrable Securities of
the effectiveness of each registration statement filed hereunder and prepare and file with the Commission such amendments and supplements to such registration statement and the prospectus used in connection therewith as may be necessary to keep such
registration statement effective for a period of not less than 180 days (or, if such registration statement relates to an underwritten offering, such longer period as in the opinion of counsel for the underwriters a prospectus is required by law to
be delivered in connection with sales of Providence Registrable Securities by an underwriter or dealer) and comply with the provisions of the Securities Act with respect to the disposition of all securities covered by such registration statement
during such period in accordance with the intended methods of disposition by the sellers thereof set forth in such registration statement; 

  
 -5-

 (c) furnish to each seller of Providence Registrable Securities such number
of copies of such registration statement, each amendment and supplement thereto, the prospectus included in such registration statement (including each preliminary prospectus), and such other documents as such seller may reasonably request in order
to facilitate the disposition of the Providence Registrable Securities owned by such seller; 
 (d) use its
reasonable best efforts to register or qualify such Providence Registrable Securities under such other securities or blue sky laws of such jurisdictions as any seller reasonably requests and do any and all other acts and things which may be
reasonably necessary or advisable to enable such seller of Providence Registrable Securities to consummate the disposition in such jurisdictions of the Providence Registrable Securities owned by such seller of Providence Registrable Securities
(provided that the Company shall not be required to (i) qualify generally to do business in any jurisdiction where it would not otherwise be required to qualify but for this Section 2.4(d), (ii) subject itself to
taxation in any such jurisdiction, or (iii) consent to general service of process in any such jurisdiction); 
 (e) promptly notify in writing each seller of such Registrable Securities, at any time when a prospectus relating thereto is required to be delivered under the Securities Act, of the happening of any
event as a result of which the prospectus included in such registration statement contains an untrue statement of a material fact or omits any fact necessary to make the statements therein not misleading in light of the circumstances under which
they were made, and, at the request of the holders of a majority of the Providence Registrable Securities covered by such registration statement, the Company shall promptly prepare and furnish to each such seller a reasonable number of copies of a
supplement or amendment to such prospectus so that, as thereafter delivered to the purchasers of such Providence Registrable Securities, such prospectus shall not contain an untrue statement of a material fact or omit to state any fact necessary to
make the statements therein not misleading in light of the circumstances under which they were made; 
 (f) cause
all such Providence Registrable Securities to be listed on each securities exchange on which similar securities issued by the Company are then listed and, if not so listed, to be listed on NASDAQ and, if listed on NASDAQ, use its reasonable best
efforts to secure designation of all such Providence Registrable Securities covered by such registration statement as a NASDAQ “national market system security” within the meaning of Rule 11Aa2-1 of the Commission or, failing that, to
secure NASDAQ authorization for such Providence Registrable Securities; 
 (g) provide a transfer agent and
registrar for all such Providence Registrable Securities not later than the effective date of such registration statement; 
 (h) enter into such customary agreements (including underwriting agreements in customary form) and take all such other actions as the holders of a majority of the Providence Registrable Securities being
sold or the underwriters, if any, reasonably request in order to expedite or facilitate the disposition of Providence Registrable Securities; 

  
 -6-

 (i) make available for inspection by any underwriter participating in any
disposition pursuant to such registration statement, and any attorney, accountant, or other agent retained by any such underwriter, all financial and other records, pertinent corporate documents and properties of the Company, and cause the
Company’s officers, directors, employees, and independent accountants to supply all information reasonably requested by any such underwriter, attorney, accountant, or agent in connection with such registration statement and assist and, at the
request of any participating underwriter, use reasonable best efforts to cause such officers or directors to participate in presentations to prospective purchasers; 

(j) otherwise use its reasonable best efforts to comply with all applicable rules and regulations of the Commission, and
make available to its security holders, as soon as reasonably practicable, an earnings statement covering the period of at least twelve months beginning with the first day of the Company’s first full calendar quarter after the effective date of
the registration statement, which earnings statement shall satisfy the provisions of Section 11(a) of the Securities Act and Rule 158 thereunder; 
 (k) in the event of the issuance of any stop order suspending the effectiveness of a registration statement, or of any order suspending or preventing the use of any related prospectus or suspending the
qualification of any equity securities included in such registration statement for sale in any jurisdiction, the Company shall use its reasonable best efforts promptly to obtain the withdrawal of such order; 

(l) use its reasonable best efforts to cause such Providence Registrable Securities covered by such registration statement
to be registered with or approved by such other governmental agencies or authorities as may be necessary to enable the sellers thereof to consummate the disposition of such Providence Registrable Securities; 

(m) obtain one or more comfort letters, dated the effective date of such registration statement (and, if such registration
includes an underwritten public offering, dated the date of the closing under the underwriting agreement), from the Company’s independent public accountants in customary form and covering such matters of the type customarily covered by comfort
letters as the holders of a majority of the Providence Registrable Securities being sold in such registered offering reasonably request; and 
 (n) provide a legal opinion of the Company’s outside counsel, dated the effective date of such registration statement (or, if such registration includes an underwritten public offering, dated the
date of the closing under the underwriting agreement), with respect to the registration statement, each amendment and supplement thereto, the prospectus included therein (including the preliminary prospectus) and such other documents relating
thereto in customary form and covering such matters of the type customarily covered by legal opinions of such nature. 

  
 -7-

 Section 2.5 Registration Expenses. 

(a) All expenses incident to the Company’s performance of or compliance with this Agreement, including all registration and filing
fees, fees and expenses of compliance with securities or blue sky laws, printing expenses, travel expenses, filing expenses, messenger and delivery expenses, fees and disbursements of custodians, and fees and disbursements of counsel for the
Company, and fees and disbursements of all independent certified public accountants, underwriters including, if necessary, a “qualified independent underwriter” within the meaning of the rules of the FINRA (in each case, excluding
discounts and commissions), and other Persons retained by the Company (but excluding underwriting discounts and commissions relating to Registrable Securities) (all such expenses being herein called “Registration Expenses”), shall
be borne by the Company, and the Company shall pay its internal expenses (including all salaries and expenses of its officers and employees performing legal or accounting duties), the expense of any annual audit or quarterly review, the expense of
any liability insurance, and the expenses and fees for listing the securities to be registered on each securities exchange on which similar securities issued by the Company are then listed. 

(b) In connection with each Demand Registration and each Piggyback Registration, the Company shall reimburse the holders of Providence
Registrable Securities included in such registration for the reasonable fees and disbursements (not to exceed $50,000) of one counsel chosen by the holders of a majority of the Providence Registrable Securities included in such registration.

 Section 2.6 Indemnification. 
 (a) The Company agrees to indemnify and hold harmless, to the fullest extent permitted by law, each holder of Providence Registrable Securities, its officers, directors, partners, agents, and employees,
and each Person who controls such holder (within the meaning of the Securities Act) against all losses, claims, damages, liabilities, and expenses (or actions or proceedings, whether commenced or threatened, in respect thereof), whether joint and
several or several, together with reasonable costs and expenses (including reasonable attorneys’ fees) to which any such indemnified party may become subject under the Securities Act or otherwise (collectively, for purposes of this
Section 2.6, “Losses”) caused by, resulting from, arising out of, based upon, or relating to (i) any untrue or alleged untrue statement of material fact contained in (A) any registration statement, prospectus
or preliminary prospectus, or any amendment thereof or supplement thereto or (B) any application or other document or communication (in this Section 2.6, collectively called an “application”) executed by or on
behalf of the Company or based upon written information furnished by or on behalf of the Company filed in any jurisdiction in order to qualify any securities covered by such registration under the “blue sky” or securities laws thereof or
(ii) any omission or alleged omission of a material fact required to be stated therein or necessary to make the statements therein not misleading, and the Company will reimburse such holder and each such director, officer, partner and
controlling Person for any legal or any other expenses incurred by them in connection with investigating or defending any such Losses; provided that the Company shall not be liable in any such case to the extent that any such Losses result
from, arise out of, are based upon, or relate to an untrue statement or alleged untrue statement, or omission or alleged omission, made in such registration statement, any such prospectus, or preliminary prospectus or any amendment or supplement
thereto, or in any application, in reliance upon, and in conformity with, written information prepared and furnished in writing to the Company by such holder expressly for use therein or by such holder’s failure to deliver a copy of the
registration statement or prospectus or any amendments or supplements thereto after the Company has furnished such holder with a sufficient number of copies of the same. In connection with an underwritten offering, the Company shall indemnify such
underwriters, their officers and directors, and each Person who controls such underwriters (within the meaning of the Securities Act) to the same extent as provided above with respect to the indemnification of the holders of Providence Registrable
Securities. 

  
 -8-

 (b) In connection with any registration statement in which a holder of Providence
Registrable Securities is participating, each such holder will furnish to the Company in writing such information and affidavits as the Company reasonably requests for use in connection with any such registration statement or prospectus and, to the
fullest extent permitted by law, shall indemnify and hold harmless the other holders of Providence Registrable Securities and the Company, and their respective officers, directors, partners, agents, and employees, and each other Person who controls
the Company (within the meaning of the Securities Act) against any Losses caused by, resulting from, arising out of, based upon, or relating to (i) any untrue or alleged untrue statement of material fact contained in the registration statement,
prospectus or preliminary prospectus, or any amendment thereof or supplement thereto or in any application, or (ii) any omission or alleged omission of a material fact required to be stated therein or necessary to make the statements therein
not misleading, but only to the extent that such untrue statement or omission is made in such registration statement, any such prospectus or preliminary prospectus or any amendment or supplement thereto, or in any application in reliance upon and in
conformity with written information prepared and furnished to the Company by such holder expressly for use therein, and such holder will reimburse the Company and each such other indemnified party for any legal or any other expenses incurred by them
in connection with investigating or defending any such Losses; provided that the obligation to indemnify will be individual, not joint and several, for each holder and shall be limited to the net amount of proceeds received by such holder
from the sale of Providence Registrable Securities pursuant to such registration statement, except in the case of fraud or willful misconduct by such holder. 
 (c) Any Person entitled to indemnification hereunder will (i) give prompt written notice to the indemnifying party of any claim with respect to which it seeks indemnification (provided that
the failure to give prompt notice shall not impair any Person’s right to indemnification hereunder to the extent such failure has not prejudiced the indemnifying party) and (ii) unless in such indemnified party’s reasonable judgment a
conflict of interest between such indemnified and indemnifying parties may exist with respect to such claim, permit such indemnifying party to assume the defense of such claim with counsel reasonably satisfactory to the indemnified party. If such
defense is assumed, then the indemnifying party will not be subject to any liability for any settlement made by the indemnified party without its consent (but such consent will not be unreasonably withheld). An indemnifying party who is not entitled
to, or elects not to, assume the defense of a claim will not be obligated to pay the fees and expenses of more than one counsel for all parties indemnified by such indemnifying party with respect to such claim, unless in the reasonable judgment of
any indemnified party a conflict of interest may exist between such indemnified party and any other of such indemnified parties with respect to such claim. 
 (d) The indemnification provided for under this Agreement shall be in addition to any other rights to indemnification or contribution which any indemnified party may have pursuant to law or contract, and
will remain in full force and effect regardless of any investigation made or omitted by or on behalf of the indemnified party or any officer, director, or controlling Person of such indemnified party and shall survive the transfer of securities.

  
 -9-

 (e) If the indemnification provided for in this Section 2.6 is unavailable to or
is insufficient to hold harmless an indemnified party under the provisions above in respect to any Losses referred to therein, then each indemnifying party shall contribute to the amount paid or payable by such indemnified party as a result of such
Losses (i) in such proportion as is appropriate to reflect the relative fault of the Company on the one hand and the sellers of Providence Registrable Securities and any other sellers participating in the registration statement on the other
hand or (ii) if the allocation provided by clause (i) above is not permitted by applicable law, then in such proportion as is appropriate to reflect not only the relative fault referred to in clause (i) above but also the relative
benefit of the Company on the one hand and of the sellers of Providence Registrable Securities and any other sellers participating in the registration statement on the other hand in connection with the statement or omissions which resulted in such
Losses, as well as any other relevant equitable considerations. The relative benefits received by the Company on the one hand and the sellers of Providence Registrable Securities and any other sellers participating in the registration statement on
the other hand shall be deemed to be in the same proportion as the total net proceeds from the offering (before deducting expenses) to the Company bear to the total net proceeds from the offering (before deducting expenses) to the sellers of
Providence Registrable Securities and any other sellers participating in the registration statement. The relative fault of the Company on the one hand and of the sellers of Providence Registrable Securities and any other sellers participating in the
registration statement on the other shall be determined by reference to, among other things, whether the untrue statement or alleged omission to state a material fact relates to information supplied by the Company or by the sellers of Providence
Registrable Securities or other sellers participating in the registration statement and the parties’ relative intent, knowledge, access to information, and opportunity to correct or prevent such statement or omission. 

(f) The Company and the sellers of Providence Registrable Securities agree that it would not be just and equitable if contribution
pursuant to this Section 2.6 were determined by pro rata allocation (even if the sellers of Providence Registrable Securities were treated as one entity for such purpose) or by any other method of allocation which does not take account
of the equitable considerations referred to in Section 2.6(e) above. The amount paid or payable by an indemnified party as a result of the Losses referred to in Section 2.6(e) above shall be deemed to include, subject to the
limitations set forth above, any legal or other expenses reasonably incurred by such indemnified party in connection with investigating or defending any such action or claim. Notwithstanding the provisions of this Section 2.6, no seller
of Providence Registrable Securities shall be required to contribute pursuant to this Section 2.6 any amount in excess of the net proceeds received by such seller from the sale of Providence Registrable Securities covered by the
registration statement filed pursuant hereto. No Person guilty of fraudulent misrepresentation (within the meaning of Section 11(f) of the Securities Act) shall be entitled to contribution from any Person who was not guilty of such fraudulent
misrepresentation. 

  
 -10-

 Section 2.7 Participation in Underwritten Registrations. 

(a) No Person may participate in any underwritten registration hereunder unless such Person (i) agrees to sell such Person’s
securities on the basis provided in any underwriting arrangements approved by the Person or Persons entitled hereunder to approve such arrangements (including pursuant to the terms of any over-allotment or “green shoe” option requested by
the managing underwriter(s), provided that no holder of Providence Registrable Securities will be required to sell more than the number of Providence Registrable Securities that such holder has requested the Company to include in any
registration) and (ii) completes and executes all questionnaires, powers of attorney, indemnities, underwriting agreements, and other documents reasonably required under the terms of such underwriting arrangements; provided that no
holder of Providence Registrable Securities included in any underwritten registration shall be required to make any representations or warranties to the Company or the underwriters (other than representations and warranties regarding such holder and
such holder’s intended method of distribution) or to undertake any indemnification obligations to the Company or the underwriters with respect thereto, except as otherwise provided in Section 2.6 hereof. 

(b) Each Person that is participating in any registration hereunder agrees that, upon receipt of any notice from the Company of the
happening of any event of the kind described in Section 2.4(e) above, such Person will immediately discontinue the disposition of its Providence Registrable Securities pursuant to the registration statement until such Person’s
receipt of the copies of a supplemented or amended prospectus as contemplated by Section 2.4(e). In the event the Company shall give any such notice, the applicable time period mentioned in Section 2.4(b) during which a
Registration Statement is to remain effective shall be extended by the number of days during the period from and including the date of the giving of such notice pursuant to this Section 2.7(b) to and including the date when each seller
of a Providence Registrable Security covered by such registration statement shall have received the copies of the supplemented or amended prospectus contemplated by Section 2.4(e). 

Section 2.8 Demand Suspension Period. The Company may, at any time, delay the filing or delay or suspend the effectiveness of
a Required Registration or an Alternate S-3 or, without suspending such effectiveness, instruct the Providence Investors not to sell any securities included in the Required Registration or Alternate S-3 or delay the filing of any amendment or
supplement thereto, if the Board of Directors of the Company has determined and promptly notifies the Providence Investors in writing that in its reasonable good faith judgment (i) a material event has occurred or is likely to occur with
respect to the Company that has not been publicly disclosed and, if disclosed, could reasonably be expected to materially and adversely affect the Company or (ii) the Required Registration or Alternate S-3 could reasonably be expected to
interfere with any material financing, acquisition, corporate reorganization, merger, tender offer or other significant transaction involving the Company (a “Demand Suspension Period”), by providing the Providence Investors with written
notice of such Demand Suspension Period and the reasons therefor. The Company shall use its reasonable best efforts to provide such notice at least ten (10) days prior to the commencement of such a Demand Suspension Period; provided, however,
that in any event the Company shall provide such notice no later than the commencement of such Demand Suspension Period; provided, further, that in no event shall (i) all Demand Suspension Periods exceed, in the aggregate, 60 days during the 18
month period following the date of this Agreement or (ii) the Company commence more than two (2) Demand Suspension Periods during such 18 month period. 

  
 -11-

 Section 2.9 Conditions to Providence Investors’ Rights. It shall be a
condition of each Providence Investor’s rights hereunder that: 
 (a) Cooperation. Such Providence Investor shall
cooperate with the Company by, with reasonable promptness, supplying information and executing documents relating to such Providence Investor or the securities of the Company owned by such Providence Investor in connection with such registration
which are customary for offerings of this type or is required by applicable laws or regulations (including agreeing to sell such Providence Investor’s Providence Registrable Securities on the basis provided in any underwriting arrangements
containing customary terms reasonably satisfactory to such Providence Investor); and 
 (b) Undertakings. Such Providence
Investor shall enter into any undertakings and take such other action relating to the conduct of the proposed offering which the Company or the underwriters may reasonably request as being necessary to insure compliance with federal and state
securities laws and the rules or other requirements of FINRA or which the Company or the underwriters may reasonably request to otherwise effectuate the offering. 
 (c) Notice of Sale. In connection with and as a condition to the Company’s obligations with respect to any Required Registration or Alternate S-3 that is a shelf registration statement under
Rule 415, Providence covenants and agrees (and will in connection with any transfer of the Warrants or the Providence Registrable Securities entitled to the benefits of this Agreement cause any Providence Investor to whom such Warrants or Providence
Registrable Securities are transferred to covenant and agree) that such Providence Investor will not offer or sell any Providence Registrable Securities under such registration statement until it has provided a written notice to the Company of such
proposed sale (a “Shelf Sale Notice”) and has received copies of the prospectus relating to such registration statement as then amended or supplemented and notice from the Company that the registration statement and any post-effective
amendments thereto have become effective. Upon any notice contemplated by Section 2.8 such Providence Investor shall not offer or sell any Providence Registrable Securities pursuant to such registration statement until, in the reasonable good
faith judgment of the Company, the event which is the subject of such notice no longer precludes sale or such Providence Investor receives copies of the supplemented or amended prospectus disclosing information relating to such event. 

Section 2.10 No Inconsistent Rights. The Company shall not hereafter enter into any agreement with respect to its securities
which is inconsistent with or violates the rights granted to the holders of Providence Registrable Securities in this Agreement. 

ARTICLE III 

ALTERNATE REGISTRATION STATEMENT 
 Section 3.1 Inclusion of Providence Securities in Existing or Voluntary New S-3 Registration Statement. The Company may, at any time after the date of this Agreement (i) amend the
existing effective registration statement on Form S-3 (Commission File No. 333-185740) (the “Existing S-3”) to add the Providence Investors as selling stockholders under the Existing S-3 and to register the Providence Registrable
Securities thereunder or (ii) prepare and file with the Commission a new registration statement on Form S-3 (the “New S-3” and with the Existing S-3, each an “Alternate S-3”) registering the Providence Registrable Securities
and including the Providence Investors as selling stockholders thereunder. 

  
 -12-

 Section 3.2 Limit on Demand Registrations. Providence
agrees (and will cause any Providence Investor to whom Providence transfers any of the Providence Warrants or the Providence Registrable Securities that will be entitled to the benefits of this Agreement) that no Providence Investor shall have a
right to demand that the Company file a Demand Registration (i) prior to the 10th day following the date of this Agreement and (ii) at any time after the Company files with the Commission an Alternate S-3 unless such Alternate S-3 shall not have become effective on or prior to
the date that is 45 days following the first filing thereof with the Commission or fails to remain effective for a period exceeding 15 consecutive calendar days or is otherwise not available for the resale of Providence Registrable Securities except
to the extent provided for in Section 2.8 hereof. The Company shall use its reasonable best efforts to cause the Alternate S-3 to be declared effective under the Securities Act as soon as practicable after filing, and, once effective, the
Company shall cause such Alternate S-3 to remain effective for a period ending on the earlier of (i) the date on which all Providence Registrable Securities have been sold pursuant to the Alternate S-3, (ii) 18 months after the date of
this Agreement, or (iii) the date on which all Providence Registrable Securities have been sold in one or more transactions pursuant to Rule 144 promulgated under the Securities Act. 

Section 3.3 Applicability of Certain Sections. The provisions of 2.4, 2.5, 2.6 and 2.7 shall apply to any Alternate S-3.

 ARTICLE IV 
 MISCELLANEOUS 
 Section 4.1 Waivers and Amendments. Except as
otherwise provided herein, no modification, amendment or waiver of any provision of this Agreement shall be effective against the Company or the Providence Investors unless such modification, amendment or waiver is approved in writing by the Company
and the Providence Investors. Notwithstanding the foregoing, any party hereto may waive any of its rights hereunder by a statement in writing signed by such party. Such waiver shall only be effective with respect to the rights specifically set forth
in such writing and shall not waive, amend or prejudice any other rights the party may have hereunder. 
 Section 4.2
Governing Law. The law of the State of New York shall govern all questions concerning the construction, validity, interpretation and enforceability of this Agreement and the exhibits and schedules attached hereto, and the performance of the
obligations imposed by this Agreement, without giving effect to any choice of law or conflict of law rules or provisions (whether of the State of New York or any other jurisdiction) that would cause the application of the laws of any jurisdiction
other than the State of New York. 
 Section 4.3 Severability. Whenever possible, each provision of this Agreement
will be interpreted in such manner as to be effective and valid under applicable law, but if any provision of this Agreement is held to be invalid, illegal or unenforceable in any respect under any applicable law or rule in any jurisdiction, such
invalidity, illegality or unenforceability will not affect any other provision or the effectiveness or validity of any provision in any other jurisdiction, and this Agreement will be reformed, construed and enforced in such jurisdiction as if such
invalid, illegal or unenforceable provision had never been contained herein. 

  
 -13-

 Section 4.4 Successors and Assigns. Except as otherwise expressly provided
herein, the provisions hereof shall inure to the benefit of, and be binding upon, the successors, assigns, heirs, executors and administrators of the parties hereto. 
 Section 4.5 Entire Agreement. This Agreement constitutes the full and entire understanding and agreement between the parties with regard to the subject matter hereof, and the parties hereto
intend, agree and understand that this Agreement amends and supersedes and replaces in its entirety any and all prior agreements pertaining to the subject matter hereof. 
 Section 4.6 Counterparts. This Agreement may be executed simultaneously in two or more separate counterparts, anyone of which need not contain the signatures of more than one party, but each
of which will be an original and all of which together shall constitute one and the same agreement binding on all the parties hereto. 
 Section 4.7 Descriptive Headings; Interpretation. The descriptive headings of this Agreement are inserted for convenience only and do not constitute a substantive part of this Agreement.
Whenever required by the context, any pronoun used in this Agreement shall include the corresponding masculine, feminine or neuter forms, and the singular form of nouns, pronouns and verbs shall include the plural and vice versa. The use of the word
“including” in this Agreement shall be by way of example rather than by limitation. Reference to any agreement, document or instrument means such agreement, document or instrument as amended or otherwise modified from time to time in
accordance with the terms thereof, and if applicable hereof. The use of the words “or”, “either” and “any” shall not be exclusive. The parties hereto have participated jointly in the negotiation and drafting of this
Agreement. If an ambiguity or question of intent or interpretation arises, this Agreement shall be construed as if drafted jointly by the parties hereto, and no presumption or burden of proof shall arise favoring or disfavoring any party by virtue
of the authorship of any of the provisions of this Agreement. 
 Section 4.8 Notices. All notices, demands or other
communications to be given or delivered under or by reason of the provisions of this Agreement will be in writing and will be deemed to have been given when delivered personally, mailed by certified or registered mail, return receipt requested and
postage prepaid, sent via a nationally recognized overnight courier, or sent via email or facsimile to the recipient. Such notices, demands and other communications will be sent to the Company and the Providence Investors at the address set
forth below or at such address or to the attention of such other Person as the recipient party has specified by prior written notice to the sending party. 

  
 -14-

			
	If to Company:	  	OCLARO, INC.
		  	2560 Junction Avenue
		  	San Jose, California 95134
		  	Attn: Topher Croddy, Corporate Controller
		  	Fax No.: 408.919.1501
		  	e-mail: topher.croddy@oclaro.com
		
	with copies to:	  	JONES DAY
		  	1755 Embarcadero Road
		  	Palo Alto, California 94303
		  	Attn: Robert T. Clarkson
		  	Fax No.: 650.739.3900
		  	e-mail: rtclarkson@jonesday.com
		
	If to Strategic Fund:	  	PECM STRATEGIC FUNDING L.P.
		  	9 West 57th Street
		  	Suite 4700
		  	New York, New York 10019
		  	Attn: Michael Paasche
		  	Fax No.: 212.588.6701
		  	e-mail: m.paasche@provequity.com
		
	with copies to:	  	CAHILL GORDON & REINDEL LLP
		  	Augustine House
		  	6A Austin Friars
		  	London, England EC2N 2HA
		  	Attn: Anthony K. Tama
		  	Fax No.: 011-44-20-7920-9825
		  	e-mail: atama@cahill.com
		
	If to TMT:	  	PROVIDENCE TMT DEBT FUND II L.P.
		  	9 West 57th Street
		  	Suite 4700
		  	New York, New York 10019
		  	Attn: Michael Paasche
		  	Fax No.: 212.588.6701
		  	e-mail: m.paasche@provequity.com

  
 -15-

			
	with copies to:	  	CAHILL GORDON & REINDEL LLP
		  	Augustine House
		  	6A Austin Friars
		  	London, England EC2N 2HA
		  	Attn: Anthony K. Tama
		  	Fax No.: 011-44-20-7920-9825
		  	e-mail: atama@cahill.com

 [Signature pages follow] 
 *  *  *  *  * 

  
 -16-

 IN WITNESS WHEREOF, the parties hereto have caused this Registration Rights Agreement to be
signed as of the date first above written. 
  

	
	OCLARO, INC.
	
	     /s/ Jerry Turin

	By: Jerry Turin
	Its: Chief Financial Officer

 [Signature page to Registration Rights Agreement] 

 IN WITNESS WHEREOF, the parties hereto have caused this Registration Rights Agreement to be
signed as of the date first above written. 
  

			
	PECM STRATEGIC FUNDING L.P.
	
	     /s/ Bryan R. Martoken

	By: Bryan R. Martoken
	Its: Authorized Signatory
	
	 PROVIDENCE TMT DEBT OPPORTUNITY
 FUND II L.P.

	
	     /s/ Bryan R. Martoken

	By: Bryan R. Martoken
	Its: Authorized Signatory

 [Signature page to Registration Rights Agreement]EX-10.45

 Exhibit 10.45 
 Oclaro, Inc. (Opnext, Inc.) 
 Third Amended and Restated 

2001 Long-Term Stock Incentive Plan 
 This Plan is hereby amended and restated as of July 23, 2012 to reflect its adoption by Oclaro, Inc. (the “Company”) pursuant to the terms of the Agreement and Plan of Merger and
Reorganization, dated as of March 26, 2012, by and among Oclaro, Inc., Tahoe Acquisition Sub, Inc., and Opnext, Inc., (“Opnext”), and to reflect changes to certain non-material terms of the Plan. Effective as of the same date, this
Plan shall be renamed the “Oclaro, Inc. (Opnext, Inc.) Third Amended and Restated 2001 Long-Term Stock Incentive Plan” (the “Plan”) This Plan amends and restates in its entirety the Opnext, Inc. Second Amended and Restated 2001
Long-Term Stock Incentive Plan, as amended (the “Second Amended and Restated Plan”). 
 SECTION 1.
Purpose. The purposes of this Oclaro Inc., (Opnext, Inc.) Third Amended and Restated 2001 Long-Term Stock Incentive Plan are to (i) attract and retain exceptional officers and other key employees, consultants and directors;
(ii) motivate such individuals by means of performance-related incentives to achieve long range performance goals and (iii) enable such individuals to participate in the long-term growth and financial success of the Company. 

SECTION 2. Definitions. As used in the Plan, the following terms shall have the meanings set forth below:

 “Affiliate” shall mean (i) any entity that, directly or indirectly, is controlled by, or
controls or is under common control with, the Company and (ii) any entity in which the Company has a significant equity interest, in either case as determined by the Committee. 

“Award” shall mean any Option, Stock Appreciation Right, Restricted Stock Award, Restricted Stock Unit Award,
Performance Award, or Other Stock-Based Award. 
 “Award Agreement” shall mean any written agreement,
contract, or other instrument or document evidencing any Award. 
 “Board” shall mean the Board of
Directors of the Company. 
 “Change in Control” means and includes each of the following: For Awards
granted prior to July 23, 2012: 
 (i) A transaction or series of transactions (other than an offering of
Shares to the general public through a registration statement filed with the Securities and Exchange Commission) whereby any “person” or related “group” of “persons” (as such terms are used in Sections 13(d) and
14(d)(2) of the Exchange Act) (other than the Company, any of its subsidiaries, Hitachi, Ltd., an employee benefit plan maintained by the Company or any of its subsidiaries or a “person” that, prior to such transaction, directly or
indirectly controls, is controlled by, or is under common control with, the Company) directly or indirectly acquires beneficial ownership (within the meaning of Rule 13d-3 under the Exchange Act) of securities of the Company possessing more than 50%
of the total combined voting power of the Company’s securities outstanding immediately after such acquisition; or 

 (ii) During any period of two consecutive years, individuals who, at the
beginning of such period, constitute the Board together with any new director(s) (other than a director designated by a person who shall have entered into an agreement with the Company to effect a transaction described herein) whose election by the
Board or nomination for election by the Company’s stockholders was approved by a vote of at least two-thirds of the directors then still in office who either were directors at the beginning of the two-year period or whose election or nomination
for election was previously so approved, cease for any reason to constitute a majority thereof; or 
 (iii) The
consummation by the Company (whether directly involving the Company or indirectly involving the Company through one or more intermediaries) of (x) a merger, consolidation, reorganization, or business combination or (y) a sale or other
disposition of all or substantially all of the Company’s assets in any single transaction or series of related transactions or (z) the acquisition of assets or stock of another entity, in each case other than a transaction: 

(a) Which results in the Company’s voting securities outstanding immediately before the transaction continuing to
represent (either by remaining outstanding or by being converted into voting securities of the Company or the person that, as a result of the transaction, controls, directly or indirectly, the Company or owns, directly or indirectly, all or
substantially all of the Company’s assets or otherwise succeeds to the business of the Company (the Company or such person, the “Successor Entity”)) directly or indirectly, at least a majority of the combined voting power of the
Successor Entity’s outstanding voting securities immediately after the transaction, and 
 (b) After which
no person or group beneficially owns voting securities representing 50% or more of the combined voting power of the Successor Entity; provided, however, that no person or group shall be treated for purposes of this Section as beneficially
owning 50% or more of combined voting power of the Successor Entity solely as a result of the voting power held in the Company prior to the consummation of the transaction; or 

(iv) The Company’s stockholders approve a liquidation or dissolution of the Company. 

  
 2 

 For Awards granted on or after July 23, 2012: an event or occurrence
set forth in any one or more of subsections (i) through (iv) below (including an event or occurrence that constitutes a Change in Control under one of such subsections but is specifically exempted from another such subsection): 

(i) The acquisition by an individual, entity or group (within the meaning of Section 13(d)(3) or 14(d)(2) of the
Securities Exchange Act of 1934, as amended (any such individual, entity or group, a “person”) of beneficial ownership of any capital stock of the Company if, after such acquisition, such “person” beneficially owns (within the
meaning of Rule 13d-3 promulgated under the Exchange Act) fifty percent (50%) or more of either (x) the then-outstanding shares of common stock of the Company (the “Outstanding Company Common Stock”) or (y) the combined
voting power of the then-outstanding securities of the Company entitled to vote generally in the election of directors (the “Outstanding Company Voting Securities”); provided, however, that for purposes of this subsection
(i), the following acquisitions shall not constitute a Change in Control: (A) any acquisition directly from the Company (excluding an acquisition pursuant to the exercise, conversion or exchange of any security exercisable for, convertible into
or exchangeable for common stock or voting securities of the Company, unless the “person” exercising, converting or exchanging such security acquired such security directly from the Company or an underwriter or agent of the Company),
(B) any acquisition by the Company, (C) any acquisition by any employee benefit plan (or related trust) sponsored or maintained by the Company or any corporation controlled by the Company, or (D) any acquisition by any corporation
pursuant to a transaction which complies with clauses (A) and (B) of subsection (b)(iii) below; 
 (ii)
Such time as the Continuing Directors (as defined below) do not constitute a majority of the Board (or, if applicable, the Board of Directors of a successor corporation to the Company), where the term “Continuing Director” means at any
date a member of the Board (A) who was a member of the Board on the date of the execution of this Agreement or (B) who was nominated or elected subsequent to such date by at least a majority of the directors who were Continuing Directors
at the time of such nomination or election or whose election to the Board was recommended or endorsed by at least a majority of the directors who were Continuing Directors at the time of such nomination or election; provided, however,
that there shall be excluded from this clause (B) any individual whose initial assumption of office occurred as a result of an actual or threatened election contest with respect to the election or removal of directors or other actual or
threatened solicitation of proxies or consents, by or on behalf of a person other than the Board; 
 (iii) The
consummation of a merger, consolidation, reorganization, recapitalization or statutory share exchange involving the Company or a sale or other disposition of all or substantially all of the assets of the Company in one or a series of transactions (a
“Business Combination”), unless, immediately following such Business Combination, each of the following two conditions is satisfied: (A) all or substantially all of the individuals and entities who were the beneficial owners of the
Outstanding Company Common Stock and Outstanding Company Voting Securities immediately prior to such Business Combination beneficially own, directly or indirectly, more than fifty percent (50%) of the then-outstanding shares of common stock and
the combined voting power of the then-outstanding securities entitled to vote generally in the election of directors, respectively, of the resulting or acquiring corporation in such Business Combination (which shall include, without limitation, a
corporation which as a result of such transaction owns the Company or substantially all of the Company’s assets either directly or through one or more subsidiaries) (such resulting or acquiring corporation is referred to herein as the
“Acquiring Corporation”) in substantially the same proportions as their ownership, immediately prior to such Business Combination, of the Outstanding Company Common Stock and Outstanding Company Voting Securities, respectively; and
(B) no “person” (excluding any employee benefit plan (or related trust) maintained or sponsored by the Company or by the Acquiring Corporation) beneficially owns, directly or indirectly, thirty percent (30%) or more of the then
outstanding shares of common stock of the Acquiring Corporation, or of the combined voting power of the then-outstanding securities of such corporation entitled to vote generally in the election of directors (except to the extent that such ownership
existed prior to the Business Combination); or 

  
 3 

 (iv) Approval by the stockholders of the Company of a complete liquidation
or dissolution of the Company. 
 For all Awards, whether granted prior to, on or after July 23, 2012, the Committee shall
have full and final authority, which shall be exercised in its discretion, to determine conclusively whether a Change in Control of the Company has occurred pursuant to the above definition, and the date of the occurrence of such Change in Control
and any incidental matters relating thereto. 
 “Code” shall mean the Internal Revenue Code of 1986, as
amended from time to time. 
 “Committee” shall mean either (i) the Board or (ii) a committee
of the Board designated by the Board to administer the Plan. 
 “Company” shall mean Oclaro, Inc.,
together with any successor thereto. 
 “Covered Employee” means an employee who is, or could be, a
“covered employee” within the meaning of Section 162(m) of the Code. 
 “Director Award
Election” shall have the meaning set forth in Section 8(f). 
 “Effective Date” shall have
the meaning set forth in Section 14. 
 “Exchange Act” shall mean the Securities Exchange Act of
1934, as amended. 
 “Fair Market Value” means, as of any given date, (a) if the Shares are traded
on an exchange, the closing price of a Share as reported in the Wall Street Journal (or such other source as the Company may deem reliable for such purposes) for such date, or if no sale occurred on such date, the first trading date
immediately prior to such date during which a sale occurred; or (b) if the Shares are not traded on an exchange but are quoted on a quotation system, the mean between the closing representative bid and asked prices for a Share on such date, or
if no sale occurred on such date, the first date immediately prior to such date on which sales prices or bid and asked prices, as applicable, are reported by such quotation system; or (c) if the Shares are not publicly traded, the fair market
value established by the Committee acting in good faith. 

  
 4 

 “Incentive Stock Option” shall mean a right to purchase Shares
from the Company that is granted under Section 6 of the Plan and that is intended to meet the requirements of Section 422 of the Code or any successor provision thereto. 

“Independent Director” means a member of the Board who is not an employee of the Company. 

“Independent Director Grant” shall mean and include, for Awards prior to July 23, 2012, any of an Initial
Grant, Pro Rata Grant, December 2007 Grant, or Annual Grant as set forth in Section 8(e) of the Plan. 

“Newly Elected Director” shall have the meaning set forth in Section 8(f). 

“Non-Employee Director” means a member of the Board who qualifies as a “Non-Employee Director” as
defined in Rule 16b-3(b)(3) under the Exchange Act, or any successor rule. 
 “Non-Qualified Stock
Option” shall mean a right to purchase Shares from the Company that is granted under Section 6 of the Plan and that is not intended to be an Incentive Stock Option. 

“Option” shall mean an Incentive Stock Option or a Non-Qualified Stock Option. 

“Other Stock-Based Award” shall mean any right granted under Section 9 of the Plan. 

“Participant” shall mean any officer or other key employee, consultant or director of the Company or its
Subsidiaries eligible for an Award under Section 5 and selected by the Committee to receive an Award under the Plan. 
 “Performance-Based Award” means an Award granted to selected Covered Employees pursuant to Section 9(c) hereof, but which is subject to the terms and conditions set forth in Section 10
hereof. All Performance-Based Awards are intended to qualify as Qualified Performance-Based Compensation. 

“Performance Bonus Award” has the meaning set forth in Section 9(c) hereof. 

  
 5 

 “Performance Criteria” means the criteria that the Committee
selects for purposes of establishing the Performance Goal or Performance Goals for a Participant for a Performance Period. The Performance Criteria that will be used to establish Performance Goals are limited to the following: net earnings (either
before or after interest, taxes, depreciation and amortization), economic value-added, sales or revenue, net income (either before or after taxes), operating earnings, cash flow (including, but not limited to, operating cash flow and free cash
flow), cash flow return on capital, return on net assets, return on stockholders’ equity, return on assets, return on capital, stockholder returns, return on sales, gross or net profit margin, productivity, expense, margins, operating
efficiency, customer satisfaction, working capital, earnings per share, price per Share, and market share, any of which may be measured either in absolute terms, by comparison to comparable performance in an earlier period or periods, or as compared
to results of a peer group, industry index, or other company or companies. The Committee shall define in an objective fashion the manner of calculating the Performance Criteria it selects to use for such Performance Period for such Participant.

 “Performance Goals” means, for a Performance Period, the goals established in writing by the
Committee for the Performance Period based upon the Performance Criteria. Depending on the Performance Criteria used to establish such Performance Goals, the Performance Goals may be expressed in terms of overall Company performance or the
performance of a division, business unit, or an individual. The Committee, in its discretion, may, within the time prescribed by Section 162(m) of the Code, adjust or modify the calculation of Performance Goals for such Performance Period in
order to prevent the dilution or enlargement of the rights of Participants (a) in the event of, or in anticipation of, any unusual or extraordinary corporate item, transaction, event, or development, or (b) in recognition of, or in
anticipation of, any other unusual or nonrecurring events affecting the Company, or the financial statements of the Company, or in response to, or in anticipation of, changes in applicable laws, regulations, accounting principles, or business
conditions. 
 “Performance Period” means the one or more periods of time, which may be of varying and
overlapping durations, as the Committee may select, over which the attainment of one or more Performance Goals will be measured for the purpose of determining a Participant’s right to, and the payment of, a Performance-Based Award. 

“Person” shall mean any individual, corporation, partnership, limited liability company, association,
joint-stock company, trust, unincorporated organization, government or political subdivision thereof or other entity. 
 “Plan” shall mean this Oclaro, Inc. (Opnext, Inc.) Third Amended and Restated 2001 Long-Term Stock Incentive Plan, as amended from time to time. 

“Public Trading Date” means the first date upon which a Share is listed (or approved for listing) upon notice of
issuance on any securities exchange or designated (or approved for designation) upon notice of issuance as a national market security on an interdealer quotation system. 

  
 6 

 “Qualified Performance-Based Compensation” means any compensation
that is intended to qualify as “qualified performance-based compensation” as described in Section 162(m)(4)(C) of the Code. 
 “Restricted Stock” shall mean any Share granted under Section 8 of the Plan. 
 “Restricted Stock Unit” shall mean any unit granted under Section 8 of the Plan. 
 “Shares” shall mean shares of common stock of the Company, par value $.01 per share, or such other securities of the Company (i) into which such common shares shall be changed by reason of
a recapitalization, merger, consolidation, split-up, combination, exchange of shares or other similar transaction or (ii) as may be determined by the Committee pursuant to Section 4(b). 

“Stock Appreciation Right” or “SAR” shall mean any right granted under Section 7 of the Plan to
receive a payment equal to the excess of the Fair Market Value of a specified number of Shares on the date the SAR is exercised over the grant price of the SAR as set forth in the applicable Award Agreement. 

“Subsidiary” shall mean (i) any entity that, directly or indirectly, is controlled by the Company and
(ii) any entity in which the Company has a significant equity interest, in either case as determined by the Committee. 
 “Substitute Awards” shall have the meaning specified in Section 4(e). 
 SECTION 3. Administration. 
 (a) Committee. The Board, at its
discretion or as otherwise necessary to comply with the requirements of Section 162(m) of the Code, Rule 16b-3 promulgated under the Exchange Act or to the extent required by any other applicable rule or regulation, shall delegate
administration of the Plan to a Committee. Unless otherwise determined by the Board, the Committee shall consist solely of two or more members of the Board each of whom is an “outside director,” within the meaning of Section 162(m) of
the Code, a Non-Employee Director and an “independent director” under the rules of the NASDAQ Global Market (or other principal securities market on which Shares are traded). Notwithstanding the foregoing: the full Board, acting by a
majority of its members in office, shall conduct the general administration of the Plan with respect to all Awards granted to Independent Directors and for purposes of such Awards the term “Committee” as used in this Plan shall be deemed
to refer to the Board. In its sole discretion, the Board may at any time and from time to time exercise any and all rights and duties of the Committee under the Plan except with respect to matters which under Rule
16b-3 under the Exchange Act or Section 162(m) of the Code, or any regulations or rules issued thereunder, are required to be determined in the sole discretion of the Committee. Committee members may
resign at any time by delivering written notice to the Board. Vacancies in the Committee may only be filled by the Board. 

  
 7 

 (b) Governance of the Committee. The governance of the Committee shall be subject to
the charter of the Committee as approved by the Board. Notwithstanding the foregoing, any action taken by the Committee shall be valid and effective, whether or not members of the Committee at the time of such action are later determined not to have
satisfied the requirements for membership set forth in Section 3(a) or otherwise provided in the charter of the Committee. Each member of the Committee is entitled to, in good faith, rely or act upon any report or other information furnished to
that member by any officer or other employee of the Company or any Subsidiary, the Company’s independent certified public accountants, or any executive compensation consultant or other professional retained by the Company to assist in the
administration of the Plan. 
 (c) Authority of Committee. Subject to the terms of the Plan and applicable law, and in
addition to other express powers and authorizations conferred on the Committee by the Plan, the Committee shall have full power and authority to: (i) designate Participants; (ii) determine the type or types of Awards to be granted to a
Participant; (iii) determine the number of Shares to be covered by, or with respect to which payments, rights, or other matters are to be calculated in connection with, Awards; (iv) determine the terms and conditions of any Award;
(v) determine whether, to what extent, and under what circumstances Awards may be settled or exercised in cash, Shares, other securities, other Awards or other property, or canceled, forfeited, or suspended and the method or methods by which
Awards may be settled, exercised, canceled, forfeited, or suspended; (vi) determine whether, to what extent, and under what circumstances cash, Shares, other securities, other Awards, other property, and other amounts payable with respect to an
Award shall be deferred either automatically or at the election of the holder thereof or of the Committee; (vii) interpret, administer or reconcile any inconsistency, correct any default and/or supply any omission in the Plan and any instrument
or agreement relating to, or Award made under, the Plan; (viii) establish, amend, suspend, or waive such rules and regulations and appoint such agents as it shall deem appropriate for the proper administration of the Plan; and (ix) make
any other determination and take any other action that the Committee deems necessary or desirable for the administration of the Plan. 
 (d) Unless otherwise expressly provided in the Plan, all designations, determinations, interpretations, and other decisions under or with respect to the Plan or any Award shall be within the sole
discretion of the Committee, may be made at any time and shall be final, conclusive, and binding upon all Persons, including the Company, any Affiliate, any Participant, any holder or beneficiary of any Award, and any shareholder. 

(e) No member of the Committee shall be liable for any action or determination made in good faith with respect to the Plan or any Award
hereunder. 
 SECTION 4. Shares Available for Awards. 

(a) Shares Available. Subject to adjustment as provided in Section 4(b), the aggregate number of Shares with respect to which
Awards may be granted under the Plan shall be 798,000.1
If, after the effective date of the Plan, any Shares covered by an Award granted under the Plan, or to which such an Award relates, are forfeited, or if an Award has expired, terminated or been canceled for any reason whatsoever (other than by
reason of exercise or vesting), then the Shares covered by such Award shall again be, or shall become, Shares with respect to which Awards may be granted hereunder. 
  

 

	1 	As adjusted pursuant to the Oclaro/Opnext merger ratio. 

  
 8 

 (b) Limitation on Number of Shares Subject to Awards. Notwithstanding any provision
in the Plan to the contrary, and subject to Section 13, the maximum number of Shares with respect to one or more Awards that may be granted to any one Participant during any calendar year shall be 420,0002 and the maximum amount that may be paid in cash during any calendar
year with respect to any Performance-Based Award (including, without limitation, any Performance Bonus Award) or any other Award which is not denominated in Shares or otherwise for which the foregoing limitation would not be an effective limitation
shall be $1,500,000. 
 (c) No Other Rights. Except as expressly provided in the Plan, no Participant shall have any
rights by reason of any subdivision or consolidation of shares of stock of any class, the payment of any dividend, any increase or decrease in the number of shares of stock of any class or any dissolution, liquidation, merger, or consolidation of
the Company or any other corporation. Except as expressly provided in the Plan or pursuant to action of the Committee under the Plan, no issuance by the Company of shares of stock of any class, or securities convertible into shares of stock of any
class, shall affect, and no adjustment by reason thereof shall be made with respect to, the number of Shares subject to an Award or the grant or exercise price of any Award. 
 (d) Substitute Awards. Awards may, in the discretion of the Committee, be made under the Plan in assumption of, or in substitution for, outstanding awards previously granted by the Company or its
Affiliates or a company acquired by the Company or with which the Company combines (“Substitute Awards”). The number of Shares underlying any Substitute Awards shall be counted against the aggregate number of Shares available for Awards
under the Plan. 
 (e) Sources of Shares Deliverable Under Awards. Any Shares delivered pursuant to an Award may consist,
in whole or in part, of authorized and unissued Shares or of treasury Shares. 
 SECTION 5. Eligibility and
Participation. 
 (a) Eligibility. Any officer or other key employee, consultant or director of the Company or any of
its Subsidiaries who (i) was an officer or other key employee, consultant or director of Opnext or one of its Subsidiaries on July 23, 2012 and is currently an officer, key employee, consultant or director of the Company or one of its
Subsidiaries or (ii) is an officer or other key employee, consultant or director of the Company or a Subsidiary who is hired by the Company or Subsidiary after July 23, 2012 shall be eligible to be designated a Participant. 

 
  

	2 	As adjusted pursuant to the Oclaro/Opnext merger ratio. 

  
 9 

 (b) Foreign Participants. Notwithstanding any provision of the Plan to the contrary,
in order to comply with the laws in other countries in which the Company and its Subsidiaries operate or have employees, consultants or Independent Directors, the Committee, in its sole discretion, shall have the power and authority to:
(i) determine which Subsidiaries shall be covered by the Plan; (ii) determine which such employees, consultants or Independent Directors outside the United States are eligible to participate in the Plan, subject to Section 5(a) above;
(iii) modify the terms and conditions of any Award granted to such employees, consultants or Independent Directors outside the United States to comply with applicable foreign laws; (iv) establish subplans and modify exercise procedures and
other terms and procedures, to the extent such actions may be necessary or advisable (any such subplans and/or modifications shall be attached to this Plan as appendices); provided, however, that no such subplans and/or modifications shall
increase the share limitations contained in Sections 4(a) and 4(b) of the Plan; and (v) take any action, before or after an Award is made, that it deems advisable to obtain approval or comply with any necessary local governmental regulatory
exemptions or approvals. Notwithstanding the foregoing, the Committee may not take any actions hereunder, and no Awards shall be granted, that would violate the Exchange Act, the Code, any securities law or governing statute or any other applicable
law. 
 SECTION 6. Stock Options. 
 (a) Grant. Subject to the provisions of the Plan, the Committee shall have sole and complete authority to determine the Participants to whom Options shall be granted, the number of Shares to be
covered by each Option, the exercise price therefor and the conditions and limitations applicable to the exercise of the Option, which terms shall be set forth in the applicable Award Agreement. The Committee shall have the authority to grant
Incentive Stock Options, or to grant Non-Qualified Stock Options, or to grant both types of Options. Incentive Stock Options may only be granted to employees of the Company or employees of any “parent corporation” or “subsidiary
corporation” thereof (within the meaning of Sections 424(e) and (f), respectively, of the Code), and the terms and conditions of such grants shall be subject to and comply with such rules as may be prescribed by Section 422 of the Code, as
from time to time amended, and any regulations implementing such statute. All Options when granted under the Plan are intended to be Non-Qualified Stock Options, unless the applicable Award Agreement expressly states that the Option is intended to
be an Incentive Stock Option. If an Option is intended to be an Incentive Stock Option, and if for any reason such Option (or any portion thereof) shall not qualify as an Incentive Stock Option, then, to the extent of such nonqualification, such
Option (or portion thereof) shall be regarded as a Non-Qualified Stock Option appropriately granted under the Plan; provided that such Option (or portion thereof) otherwise complies with the Plan’s requirements relating to Non-Qualified Stock
Options. 
 (b) Exercise Price. The exercise price per Share subject to an Option shall be determined by the Committee
and set forth in the Award Agreement; provided, that the exercise price for any Option shall not be less than 100% of the Fair Market Value of a Share on the date of grant. 

  
 10 

 (c) Exercise. Each Option shall be exercisable at such times and subject to such
terms and conditions as the Committee may, in its sole discretion, specify in the applicable Award Agreement or thereafter. The Committee may impose such conditions with respect to the exercise of Options, including without limitation, any relating
to the application of federal or state securities laws, as it may deem necessary or advisable. 
 (d) Term of Options. The
Committee shall determine the term of each Option; provided that such term shall not exceed ten years. 
 (e)
Payment. 
 (i) No Shares shall be delivered pursuant to any exercise of an Option until payment in full of the aggregate
exercise price therefor and any related tax is received by the Company. Such payment may be made in cash or its equivalent, or, with the consent of the Committee (x) by exchanging Shares owned by the optionee (which are not the subject of any
pledge or other security interest) or (y) at any time that the Shares are publicly traded on a nationally recognized stock exchange, through delivery of irrevocable instructions to a broker (as selected or approved by the Committee) to sell the
Shares otherwise deliverable upon the exercise of the Option and to deliver promptly to the Company an amount equal to the aggregate exercise price, or (z) by a combination of the foregoing, provided that the combined value of all cash and cash
equivalents and the Fair Market Value of any such Shares so tendered to the Company as of the date of such tender is at least equal to such aggregate exercise price. Notwithstanding any other provision of the Plan to the contrary, after the Public
Trading Date, no Participant who is a member of the Board or an “executive officer” of the Company within the meaning of Section 13(k) of the Exchange Act shall be permitted to pay the exercise price of an Option, or continue any
extension of credit with respect to the exercise price of an Option with a loan from the Company or a loan arranged by the Company in violation of Section 13(k) of the Exchange Act. 

(ii) Wherever in this Plan or any Award Agreement a Participant is permitted to pay the exercise price of an Option or taxes relating to
the exercise of an Option by delivering Shares, the Participant may, subject to procedures satisfactory to the Committee, satisfy such delivery requirement by presenting proof of beneficial ownership of such Shares, in which case the Company shall
treat the Option as exercised without further payment and shall withhold such number of Shares from the Shares acquired by the exercise of the Option. 
 (f) Incentive Stock Options. The terms of any Incentive Stock Options granted pursuant to the Plan, in addition to the other requirements of this Section 6, must comply with the provisions of
this Section 6(f). 
 (i) Dollar Limitation. The aggregate Fair Market Value (determined as of the time the Option
is granted) of all Shares with respect to which Incentive Stock Options are first exercisable by a Participant in any calendar year may not exceed $100,000 or such other limitation as imposed by Section 422(d) of the Code, or any successor
provision. To the extent that Incentive Stock Options are first exercisable by a Participant in excess of such limitation, the excess shall be considered Non-Qualified Stock Options. 

  
 11 

 (ii) Ten Percent Owners. An Incentive Stock Option shall be granted to any
individual who, at the date of grant, owns stock possessing more than ten percent of the total combined voting power of all classes of stock of the Company only if such Option is granted at a price that is not less than 110% of Fair Market Value on
the date of grant and the Option is exercisable for no more than five years from the date of grant. 
 (iii) Failure to Meet
Requirements. Any Option (or portion thereof) purported to be an Incentive Stock Option, which, for any reason, fails to meet the requirements of Section 422 of the Code shall be considered a Non-Qualified Stock Option. 

SECTION 7. Stock Appreciation Rights. 
 (a) Grant. Subject to the provisions of the Plan, the Committee shall have sole and complete authority to determine the Participants to whom Stock Appreciation Rights shall be granted, the number
of Shares to be covered by each Stock Appreciation Right Award, the grant price thereof and the conditions and limitations applicable to the exercise thereof, which terms shall be set forth in the applicable Award Agreement. Notwithstanding the
foregoing, in no event shall the per share grant price of a Stock Appreciation Right be less than 100% of the Fair Market Value of a Share on the date of grant. Stock Appreciation Rights shall be subject to such terms and conditions not inconsistent
with the Plan as the Committee shall impose. Stock Appreciation Rights may be granted in tandem with another Award, in addition to another Award, or freestanding and unrelated to another Award. Stock Appreciation Rights granted in tandem with or in
addition to an Award may be granted either at the same time as the Award or at a later time. 
 (b) Exercise and Payment.
A Stock Appreciation Right shall entitle the Participant (or other person entitled to exercise the Stock Appreciation Right pursuant to the Plan) to exercise all or a specified portion of the Stock Appreciation Right (to the extent then exercisable
pursuant to its terms) and to receive from the Company an amount equal to the product of (i) the excess of (A) the Fair Market Value of a Share on the date the Stock Appreciation Right is exercised over (B) the per Share grant price
of the Stock Appreciation Right and (ii) the number of Shares with respect to which the Stock Appreciation Right is exercised, subject to any limitations the Committee may impose. The Committee shall determine whether a Stock Appreciation Right
shall be settled in cash, Shares or a combination of cash and Shares. 
 (c) Other Terms and Conditions. Subject to the
terms of the Plan and any applicable Award Agreement, the Committee shall determine, at or after the grant of a Stock Appreciation Right, the term, methods of exercise, methods and form of settlement, and any other terms and conditions of any Stock
Appreciation Right. Any such determination by the Committee may be changed by the Committee from time to time and may govern the exercise of Stock Appreciation Rights granted or exercised prior to such determination as well as Stock Appreciation
Rights granted or exercised thereafter. The Committee may impose such conditions or restrictions on the exercise of any Stock Appreciation Right as it shall deem appropriate. 

  
 12 

 SECTION 8. Restricted Stock and Restricted Stock Units. 

(a) Grant. Subject to the provisions of the Plan, the Committee shall have sole and complete authority to determine the
Participants to whom Shares of Restricted Stock and Restricted Stock Units shall be granted, the number of Shares of Restricted Stock and/or the number of Restricted Stock Units to be granted to each Participant, the duration of the period during
which, and the conditions, if any, under which, the Restricted Stock and Restricted Stock Units may be forfeited to the Company, and the other terms and conditions of such Awards, which terms shall be set forth in the applicable Award Agreement.

 (b) Transfer Restrictions. Shares of Restricted Stock and Restricted Stock Units may not be sold, assigned,
transferred, pledged or otherwise encumbered, except, in the case of Restricted Stock, as provided in the Plan or the applicable Award Agreements. Certificates issued in respect of Shares of Restricted Stock shall be registered in the name of the
Participant and deposited by such Participant, together with a stock power endorsed in blank, with the Company. Upon the lapse of the restrictions applicable to such Shares of Restricted Stock, the Company shall deliver such certificates to the
Participant or the Participant’s legal representative. 
 (c) Payment. Each Restricted Stock Unit shall have a value
equal to the Fair Market Value of a Share. Restricted Stock Units shall be paid to the Participant in cash, Shares, other securities or other property, as determined in the sole discretion of the Committee, upon the lapse of the restrictions
applicable thereto, or otherwise in accordance with the applicable Award Agreement. Dividends paid on any Shares of Restricted Stock may be paid directly to the Participant, withheld by the Company subject to vesting of the Shares of Restricted
Stock pursuant to the terms of the applicable Award Agreement, or may be reinvested in additional Shares of Restricted Stock or in additional Restricted Stock Units, as determined by the Committee in its sole discretion. 

(d) Exercise or Purchase Price. The Committee may establish the exercise or purchase price, if any, of any Award of Restricted
Stock or Restricted Stock Units; provided, however, that such price shall not be less than the par value of a Share on the date of grant, unless otherwise permitted by applicable state law. 

  
 13 

 (e) Independent Director Grants. For Awards granted prior to July 23, 2012,
subsections (i) through (iv) shall apply: 
 (i) Newly Elected Independent Directors – Initial Grant.
Each individual who is newly elected as an Independent Director (a “Newly Elected Independent Director”) shall, on the date on which such individual initially becomes an Independent Director (the “Initial Grant Date”),
automatically be granted a number of Restricted Stock Units equal to the quotient obtained by dividing (x) $35,000 by (y) the Fair Market Value of a Share on the Initial Grant Date (the “Initial Grant”). Subject to the
Independent Director’s continued service with the Company, each Initial Grant shall vest in full on the one-year anniversary of the Initial Grant Date. 
 (ii) Existing Independent Directors Initially Elected in Connection with Initial Public Offering. Each individual who was initially elected as an Independent Director during the period commencing
on February 1, 2007 and ending on December 12, 2007, shall on December 12, 2007, automatically be granted 3,193 Restricted Stock Units (the “December 2007 Grant”). Subject to the Independent Director’s continued service
with the Company, each December 2007 Grant shall vest in full on the one-year anniversary of the date of grant. 
 (iii)
Annual Grants. On the date of each annual meeting of stockholders of the Company, each individual who becomes an Independent Director at such annual meeting and each individual who otherwise continues to be an Independent Director immediately
following such meeting shall automatically be granted a number of Restricted Stock Units equal to the quotient obtained by dividing (x) $35,000 by (y) the Fair Market Value of a Share on the date of such meeting (the “Annual
Grant”). Subject to the Independent Director’s continued service with the Company, each Annual Grant shall vest in full on the one-year anniversary of the date of grant. For purposes of clarification, a Newly Elected Independent Director
who becomes an Independent Director at an annual meeting of stockholders of the Company shall receive both an Initial Grant and an Annual Grant (but not a Pro Rata Grant (as defined below)) on the date of such annual meeting of stockholders. A Newly
Elected Independent Director who is initially elected at an annual meeting of stockholders of the Company but who does not become an Independent Director on the date of such annual meeting shall receive both an Initial Grant and a Pro Rata Grant
(but not an Annual Grant) on the date on which he or she initially becomes an Independent Director. 
 (iv) Newly Elected
Independent Directors – Pro Rata Grant. In the event that a Newly Elected Independent Director first becomes an Independent Director on a date other than the date of an annual meeting of stockholders of the Company, then, in addition to
such Independent Director’s Initial Grant, such individual shall automatically be granted on the Initial Grant Date a number of Restricted Stock Units equal to the product of (A) the quotient obtained by dividing (x) $35,000 by (y) the Fair
Market Value of a Share on the Initial Grant Date, multiplied by (B) the quotient obtained by dividing (x) 365 minus the number of days that have elapsed from the immediately preceding annual meeting of stockholders of the Company to the Initial
Grant Date, by (y) 365 (the “Pro Rata Grant”). Subject to the Independent Director’s continued service with the Company, each Pro Rata Grant shall vest in full on the one-year anniversary of the immediately preceding annual meeting of
stockholders of the Company. 

  
 14 

 For Awards granted on or after July 23, 2012 the type and number of Awards shall be determined by the
Board from time to time. 
 (f) Timing of Payment for Independent Director Grants. Each Independent Director Grant of
Restricted Stock Units shall provide that the cash, Shares or other securities or property payable in respect of the vested Restricted Stock Units shall be paid to the Independent Director upon the earliest to occur of (i) a “change in
control event” (within the meaning of Section 409A of the Code), (ii) such director’s “separation from service” from the Company (within the meaning of Section 409A of the Code), and (iii) such director’s
death; provided, however, that no such payment shall be made to an Independent Director during the 6-month period following such Independent Director’s separation from service if such Independent Director is a “specified employee” at
the time of such separation from service (as determined by the Company in accordance with Section 409A of the Code) and the Company determines that paying such amounts at the time or times set forth in this subsection (f) would be a
prohibited distribution under Section 409A(a)(2)(B)(i) of the Code. If the payment of any such amounts is delayed as a result of the previous sentence, then on the first day following the end of such 6-month period, the Company shall pay the
Independent Director the cumulative payments that would have otherwise been payable to the Independent Director during such 6-month period 
 (g) Effect of Termination of Service. Prior to July 23, 2012, to the extent otherwise eligible, members of the Board who are employees of the Company who subsequently retire from the Company
and remain on the Board shall receive a Pro Rata Grant on the date of such individual’s retirement from employment and shall, subject to his or her continued directorship, receive an Annual Grant at each annual meeting of stockholders after his
or her retirement from employment with the Company, but shall not receive an Initial Grant. 
 (h) Independent Director Grant
Compliance with Section 409A. Any Independent Director Grant that constitutes, or provides for, a deferral of compensation subject to Section 409A of the Code shall satisfy the requirements of Section 409A of the Code and this
Section 8, to the extent applicable. The Award Agreement with respect to such Award shall incorporate the terms and conditions required by Section 409A of the Code and this Section 8. Without limiting the generality of the foregoing,
the time or schedule of any distribution or payment of any cash, Shares or other securities or property payable in respect of vested Restricted Stock Units subject to Section 409A of the Code shall not be accelerated, except as otherwise
permitted under Section 409A(a)(3) of the Code and the Treasury Regulations thereunder. 
 SECTION 9. Other Stock-Based
Awards. 
 (a) General. The Committee shall have authority to grant to Participants an “Other Stock-Based
Award”, which shall consist of any right which is (i) not an Award described in Sections 6 through 8 above and (ii) an Award of Shares or an Award denominated or payable in, valued in whole or in part by reference to, or otherwise
based on or related to, Shares (including, without limitation, securities convertible into Shares), as deemed by the Committee to be consistent with the purposes of the Plan. Subject to the terms of the Plan and any applicable Award Agreement, the
Committee shall determine the terms and conditions of any such Other Stock-Based Award, including the price, if any, at which securities may be purchased pursuant to any Other Stock-Based Award granted under this Plan. 

  
 15 

 (b) Dividend Equivalents. In the sole and complete discretion of the Committee, an
Award, whether made as an Other Stock-Based Award under this Section 9 or as an Award granted pursuant to Sections 6 through 8 hereof, may provide the Participant with dividends or dividend equivalents, payable in cash, Shares, other securities
or other property on a current or deferred basis. 
 (c) Performance Bonus Awards. Any Participant selected by the
Committee may be granted a cash bonus (a “Performance Bonus Award”) payable upon the attainment of Performance Goals that are established by the Committee and relate to one or more of the Performance Criteria or other specific performance
criteria determined to be appropriate by the Committee, in each case on a specified date or dates or over any period or periods determined by the Committee. Any such Performance Bonus Award paid to a Covered Employee may be a Performance-Based Award
and be based upon objectively determinable bonus formulas established in accordance with Section 10. 
 (d) Form of
Payment. Payments with respect to any Awards granted under this Section 9 shall be made in cash, in Shares or a combination of both, as determined by the Committee. 
 SECTION 10. Performance-Based Awards. 
 (a) Purpose. The purpose of this
Section 10 is to provide the Committee the ability to qualify Awards other than Options and SARs and that are granted pursuant to Sections 8 and 9 as Qualified Performance-Based Compensation. If the Committee, in its discretion, decides to
grant a Performance-Based Award to a Covered Employee, the provisions of this Section 10 shall control over any contrary provision contained in 8 and 9; provided, however, that the Committee may in its discretion grant Awards to Covered
Employees that are based on Performance Criteria or Performance Goals but that do not satisfy the requirements of this Section 10. 
 (b) Applicability. This Section 10 shall apply only to those Covered Employees selected by the Committee to receive Performance-Based Awards. The designation of a Covered Employee as a
Participant for a Performance Period shall not in any manner entitle the Participant to receive an Award for the period. Moreover, designation of a Covered Employee as a Participant for a particular Performance Period shall not require designation
of such Covered Employee as a Participant in any subsequent Performance Period and designation of one Covered Employee as a Participant shall not require designation of any other Covered Employees as a Participant in such period or in any other
period. 

  
 16 

 (c) Procedures with Respect to Performance-Based Awards. To the extent necessary to
comply with the Qualified Performance-Based Compensation requirements of Section 162(m)(4)(C) of the Code, with respect to any Award granted under Section 8 or 9 which may be granted to one or more Covered Employees, no later than ninety
(90) days following the commencement of any fiscal year in question or any other designated fiscal period or period of service (or such other time as may be required or permitted by Section 162(m) of the Code), the Committee shall, in
writing, (a) designate one or more Covered Employees, (b) select the Performance Criteria applicable to the Performance Period, (c) establish the Performance Goals, and amounts of such Awards, as applicable, which may be earned for
such Performance Period, and (d) specify the relationship between Performance Criteria and the Performance Goals and the amounts of such Awards, as applicable, to be earned by each Covered Employee for such Performance Period. Following the
completion of each Performance Period, the Committee shall certify in writing whether the applicable Performance Goals have been achieved for such Performance Period. In determining the amount earned by a Covered Employee, the Committee shall have
the right to reduce or eliminate (but not to increase) the amount payable at a given level of performance to take into account additional factors that the Committee may deem relevant to the assessment of individual or corporate performance for the
Performance Period. 
 (d) Payment of Performance-Based Awards. Unless otherwise provided in the applicable Award
Agreement, a Participant must be employed by the Company or a Subsidiary on the day a Performance-Based Award for such Performance Period is paid to the Participant. Furthermore, a Participant shall be eligible to receive payment pursuant to a
Performance-Based Award for a Performance Period only if the Performance Goals for such period are achieved. In determining the amount earned under a Performance-Based Award, the Committee may reduce or eliminate the amount of the Performance-Based
Award earned for the Performance Period, if in its sole and absolute discretion, such reduction or elimination is appropriate. 

(e) Additional Limitations. Notwithstanding any other provision of the Plan, any Award which is granted to a Covered Employee and
is intended to constitute Qualified Performance-Based Compensation shall be subject to any additional limitations set forth in Section 162(m) of the Code (including any amendment to Section 162(m) of the Code) or any regulations or rulings
issued thereunder that are requirements for qualification as qualified performance-based compensation as described in Section 162(m)(4)(C) of the Code, and the Plan shall be deemed amended to the extent necessary to conform to such
requirements. 
 SECTION 11. Amendment and Termination. 

(a) Amendments to the Plan. The Board may amend, alter, suspend, discontinue, or terminate the Plan or any portion thereof at any
time; provided that any such amendment, alteration, suspension, discontinuance or termination that would impair the rights of any Participant or any holder or beneficiary of any Award theretofore granted shall not to that extent be effective without
the consent of the affected Participant, holder or beneficiary; provided, however, that (a) to the extent necessary and desirable to comply with any applicable law, regulation, or stock exchange rule, the Company shall obtain stockholder
approval of any Plan amendment in such a manner and to such a degree as required, and (b) stockholder approval shall be required for any amendment to the Plan that (i) increases the number of shares available under the Plan (other than any
adjustment as provided by Section 13), (ii) permits the Committee to grant Options with an exercise price that is below Fair Market Value on the date of grant; (iii) permits the Committee to extend the exercise period for an Option
beyond ten years from the date of grant; or (iv) prior to any grants of Incentive Stock Options or Qualified Performance Based Compensation on or after July 23, 2012. 

  
 17 

 (b) Amendments to Awards. The Committee may waive any conditions or rights under,
amend any terms of, or alter, suspend, discontinue, cancel or terminate, any Award theretofore granted, prospectively or retroactively; provided that any such waiver, amendment, alteration, suspension, discontinuance, cancellation or termination
that would impair the rights of any Participant or any holder or beneficiary of any Award theretofore granted shall not to that extent be effective without the consent of the affected Participant, holder or beneficiary. 

SECTION 12. General Provisions. 
 (a) Nontransferability. 
 (i) Each Award, and each right under any Award,
shall be exercisable only by the Participant, except that upon death or disability of a Participant, if permissible under applicable law, it shall be exercisable by the Participant’s legal guardian or representative. 

(ii) Unless otherwise specified in an Award Agreement, no Award may be transferred or assigned by a Participant otherwise than by will or
by the laws of descent and distribution, and any such purported transfer or assignment shall be void and unenforceable against the Company or any Affiliate; provided that the designation of a beneficiary shall not constitute a transfer or
assignment. 
 (b) No Rights to Awards. No Participant or other Person shall have any claim to be granted any Award, and
there is no obligation for uniformity of treatment of Participants, or holders or beneficiaries of Awards. The terms and conditions of Awards and the Committee’s determinations and interpretations with respect thereto need not be the same with
respect to each Participant (whether or not such Participants are similarly situated). 
 (c) Share Certificates. All
certificates for Shares or other securities of the Company or any Affiliate delivered under the Plan pursuant to any Award or the exercise thereof shall be subject to such stop transfer orders and other restrictions as the Committee may deem
advisable under the Plan or the rules, regulations, and other requirements of the Securities and Exchange Commission, any stock exchange upon which such Shares or other securities are then listed, and any applicable Federal or state laws, and the
Committee may cause a legend or legends to be put on any such certificates to make appropriate reference to such restrictions. 

(d) Withholding. 
 (i) A Participant may be required to pay to the Company or any Affiliate and the Company or any Affiliate shall have the right and is hereby authorized to withhold from any Award, from any payment due or
transfer made under any Award or under the Plan or from any compensation or other amount owing to a Participant the amount (in cash, Shares, other securities, other Awards or other property) of any applicable withholding taxes in respect of an
Award, its exercise, or any payment or transfer under an Award or under the Plan and to take such other action as may be necessary in the opinion of the Company to satisfy all obligations for the payment of such taxes. The Committee may provide for
additional cash payments to holders of Awards to defray or offset any tax arising from the grant, vesting, exercise or payments of any Award. 

  
 18 

 (ii) Without limiting the generality of clause (i) above, a Participant may satisfy,
in whole or in part, the foregoing withholding liability by delivery of Shares owned by the Participant (which are not subject to any pledge or other security interest) with a Fair Market Value equal to such withholding liability or by having the
Company withhold from the number of Shares otherwise issuable pursuant to the exercise of the Award a number of Shares with a Fair Market Value equal to such withholding liability. Notwithstanding any other provision of the Plan, the number of
Shares which may be withheld with respect to the issuance, vesting, exercise or payment of any Award in order to satisfy the Participant’s federal, state, local and foreign income and payroll tax liabilities with respect to the issuance,
vesting, exercise or payment of the Award shall be limited to the number of shares which have a Fair Market Value on the date of withholding or repurchase equal to the aggregate amount of such liabilities based on the minimum statutory withholding
rates for federal, state, local and foreign income tax and payroll tax purposes that are applicable to such supplemental taxable income. 
 (iii) Notwithstanding any provision of this Plan to the contrary, in connection with the transfer of an Award pursuant to Section 11(a) of the Plan, the transferee shall remain liable for any
withholding taxes required to be withheld upon the exercise of such Award by such transferee. 
 (e) Award Agreements.
Each Award hereunder shall be evidenced by an Award Agreement which shall be delivered to the Participant and shall specify the terms and conditions of the Award and any rules applicable thereto, including but not limited to the effect on such Award
of the death, disability or termination of employment or service of a Participant and the effect, if any, of such other events as may be determined by the Committee. 
 (f) No Limit on Other Compensation Arrangements. Nothing contained in the Plan shall prevent the Company or any Affiliate from adopting or continuing in effect other compensation arrangements,
which may, but need not, provide for the grant of options, restricted stock, Shares and other types of Awards provided for hereunder (subject to shareholder approval if such approval is required), and such arrangements may be either generally
applicable or applicable only in specific cases. 
 (g) No Right to Employment. The grant of an Award shall not be
construed as giving a Participant the right to be retained in the employ of, or in any consulting relationship to, the Company or any Affiliate. Further, the Company or an Affiliate may at any time dismiss a Participant from employment or
discontinue any consulting relationship, free from any liability or any claim under the Plan, unless otherwise expressly provided in the Plan or in any Award Agreement or any other written agreement between such Participant and the Company.

  
 19 

 (h) No Rights as Stockholder. Subject to the provisions of the applicable Award, no
Participant or holder or beneficiary of any Award shall have any rights as a stockholder with respect to any Shares to be distributed under the Plan until he or she has become the holder of such Shares. Notwithstanding the foregoing, in connection
with each grant of Restricted Stock hereunder, the applicable Award shall specify if and to what extent the Participant shall not be entitled to the rights of a stockholder in respect of such Restricted Stock. 

(i) Governing Law. The validity, construction, and effect of the Plan and any rules and regulations relating to the Plan and any
Award Agreement shall be determined in accordance with the laws: (i) the State of New York, without regard to principles of conflicts of laws for all Awards granted prior to July 23, 2012; and (ii) the State of Delaware, without
regard to principles of conflicts of laws for all Awards granted on or after July 23, 2012. 
 (j) Severability. If
any provision of the Plan or any Award is or becomes or is deemed to be invalid, illegal, or unenforceable in any jurisdiction or as to any Person or Award, or would disqualify the Plan or any Award under any law deemed applicable by the Committee,
such provision shall be construed or deemed amended to conform to the applicable laws, or if it cannot be construed or deemed amended without, in the determination of the Committee, materially altering the intent of the Plan or the Award, such
provision shall be stricken as to such jurisdiction, Person or Award and the remainder of the Plan and any such Award shall remain in full force and effect. 
 (k) Other Laws. The Committee may refuse to issue or transfer any Shares or other consideration under an Award if, acting in its sole discretion, it determines that the issuance or transfer of such
Shares or such other consideration might violate any applicable law or regulation or entitle the Company to recover the same under Section 16(b) of the Exchange Act, and any payment tendered to the Company by a Participant, other holder or
beneficiary in connection with the exercise of such Award shall be promptly refunded to the relevant Participant, holder or beneficiary. Notwithstanding any other provision of the Plan, the Plan and any Award granted or awarded to any Participant
who is then subject to Section 16 of the Exchange Act, shall be subject to any additional limitations set forth in any applicable exemptive rule under Section 16 of the Exchange Act (including any amendment to Rule 16b-3 under the Exchange
Act) that are requirements for the application of such exemptive rule. To the extent permitted by applicable law, the Plan and Awards granted or awarded hereunder shall be deemed amended to the extent necessary to conform to such applicable
exemptive rule. Without limiting the generality of the foregoing, no Award granted hereunder shall be construed as an offer to sell securities of the Company, and no such offer shall be outstanding, unless and until the Committee in its sole
discretion has determined that any such offer, if made, would be in compliance with all applicable requirements of the U.S. federal securities laws. 

  
 20 

 (l) Section 409A. To the extent that the Committee determines that any Award
granted under the Plan is subject to Section 409A of the Code, the Award Agreement evidencing such Award shall incorporate the terms and conditions required by Section 409A of the Code. To the extent applicable, the Plan and Award
Agreements shall be interpreted in accordance with Section 409A of the Code and Department of Treasury regulations and other interpretive guidance issued thereunder, including without limitation any such regulations or other guidance that may
be issued after the Effective Date. Notwithstanding any provision of the Plan to the contrary, in the event that following the Effective Date the Committee determines that any Award may be subject to Section 409A of the Code and related
Department of Treasury guidance (including such Department of Treasury guidance as may be issued after the Effective Date), the Committee may adopt such amendments to the Plan and the applicable Award Agreement or adopt other policies and procedures
(including amendments, policies and procedures with retroactive effect), or take any other actions, that the Committee determines are necessary or appropriate to (a) exempt the Award from Section 409A of the Code and/or preserve the
intended tax treatment of the benefits provided with respect to the Award, or (b) comply with the requirements of Section 409A of the Code and related Department of Treasury guidance. 

(m) No Trust or Fund Created. Neither the Plan nor any Award shall create or be construed to create a trust or separate fund of any
kind or a fiduciary relationship between the Company or any Affiliate and a Participant or any other Person. To the extent that any Person acquires a right to receive payments from the Company or any Affiliate pursuant to an Award, such right shall
be no greater than the right of any unsecured general creditor of the Company or any Affiliate. 
 (n) No Fractional
Shares. No fractional Shares shall be issued or delivered pursuant to the Plan or any Award, and the Committee shall determine whether cash, other securities, or other property shall be paid or transferred in lieu of any fractional Shares or
whether such fractional Shares or any rights thereto shall be canceled, terminated, or otherwise eliminated. 
 (o)
Headings. Headings are given to the Sections and subsections of the Plan solely as a convenience to facilitate reference. Such headings shall not be deemed in any way material or relevant to the construction or interpretation of the Plan or
any provision thereof. 
 (p) Paperless Exercise. In the event that the Company establishes, for itself or using the
services of a third party, an automated system for the exercise of Awards, such as a system using an internet website or interactive voice response, then the paperless exercise of Awards by a Participant may be permitted through the use of such an
automated system. 
 SECTION 13. Changes in Capital Structure and Corporate Transactions. 

(a) In the event of any stock dividend, stock split, combination or exchange of shares, merger, consolidation, spin-off, recapitalization
or other distribution (other than normal cash dividends) of Company assets to stockholders, or any other change affecting the Shares or the Share price, the Committee shall make proportionate adjustments to reflect such change with respect to
(a) the aggregate number and kind of shares that may be issued under the Plan (including, but not limited to, adjustments of the limitations in Sections 4(a) and 4(b)); (b) the terms and conditions of any outstanding Awards (including,
without limitation, any applicable performance targets or criteria with respect thereto); and (c) the grant or exercise price per share for any outstanding Awards under the Plan. Any adjustment affecting an Award intended as Qualified
Performance-Based Compensation shall be made consistent with the requirements of Section 162(m) of the Code. 

  
 21 

 (b) In the event of a Change in Control or any transaction or event described in
Section 13(a) or any unusual or nonrecurring transactions or events affecting the Company, any affiliate of the Company, or the financial statements of the Company or any affiliate, or of changes in applicable laws, regulations or accounting
principles, the Committee, on such terms and conditions as it deems appropriate, either by the terms of the Award or by action taken prior to the occurrence of such transaction or event, is hereby authorized to take any one or more of the following
actions in order to prevent dilution or enlargement of the benefits or potential benefits intended to be made available under the Plan or with respect to any Award under the Plan, to facilitate such transactions or events or to give effect to such
changes in laws, regulations or principles: 
 (i) To provide for either (A) termination of any such Award in exchange for
an amount of cash, if any, equal to the amount that would have been attained upon the exercise of such Award or realization of the Participant’s rights (and, for the avoidance of doubt, if as of the date of the occurrence of the transaction or
event described in this Section 4(b) the Committee determines in good faith that no amount would have been attained upon the exercise of such Award or realization of the Participant’s rights, then such Award may be terminated by the
Company without payment) or (B) the replacement of such Award with other rights or property selected by the Committee in its sole discretion; 
 (ii) To provide that such Award be assumed by the successor or survivor corporation, or a parent or subsidiary thereof, or shall be substituted for by similar options, rights or awards covering the stock
of the successor or survivor corporation, or a parent or subsidiary thereof, with appropriate adjustments as to the number and kind of shares and prices; 
 (iii) To make adjustments in the number and type of Shares (or other securities or property) subject to outstanding Awards, and in the number and kind of outstanding Restricted Stock and/or in the terms
and conditions of (including the grant or exercise price), and the criteria included in, outstanding options, rights and awards and options, rights and awards which may be granted in the future; 

(iv) To provide that such Award shall be exercisable or payable or fully vested with respect to all shares covered thereby,
notwithstanding anything to the contrary in the Plan or the applicable Award Agreement; and 
 (v) To provide that the Award
cannot vest, be exercised or become payable after such event. 

  
 22 

 (c) Acceleration Upon a Change in Control. Notwithstanding the foregoing, and except
as may otherwise be provided in any applicable Award Agreement or other written agreement entered into between the Company and a Participant, if a Change in Control occurs and a Participant’s Awards are not converted, assumed, or replaced by a
successor entity, then immediately prior to the Change in Control such Awards shall become fully exercisable and all forfeiture restrictions on such Awards shall lapse. Upon, or in anticipation of, a Change in Control, the Committee may cause any
and all Awards outstanding hereunder to terminate at a specific time in the future, including but not limited to the date of such Change in Control, and shall give each Participant the right to exercise such Awards during a period of time as the
Committee, in its sole and absolute discretion, shall determine. 
 SECTION 14. Effective and Expiration Date.

 (a) Effective Date. This Oclaro, Inc.(Opnext, Inc.) Third Amended and Restated 2001 Long-Term Stock Incentive Plan
shall be effective as of July 23, 2012 (the “Effective Date”). 
 (b) Expiration Date. This Oclaro, Inc.
(Opnext, Inc.) Third Amended and Restated 2001 Long-Term Stock Incentive Plan will expire on, and no Award may be granted pursuant to this Plan after the tenth anniversary of the date on which the First Amended and Restated Plan was adopted by the
Board. Any Awards that are outstanding on the tenth anniversary of such date shall remain in force according to the terms of this Plan and the applicable Award Agreement. 

  
 23

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00221-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00221-of-00352.parquet"}]]