Document:

Exhibit
4.3

    
      
 

       

      

       

      Rules

       

      of

       

      The Millicom International Cellular
S.A.

       

      2007 Long Term Incentive
Plan

       

      

       

      

       

      

       

      

       

      

       

      Approved by a resolution of the Board of
Directors

       

      on 15 March 2007

       

      

       

      

       

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

      

      
 

       

      Contents

       

       

      
        
          	
                  1

                	
                  Interpretation

                	
                  1

                
	
                  2

                	
                  Grants under the Performance Share
      Plan

                	
                  3

                
	
                  3

                	
                  Grants under the Co-investment
      Plan

                	
                  5

                
	
                  4

                	
                  Performance
      Conditions

                	
                  8

                
	
                  5

                	
                  Vesting

                	
                  9

                
	
                  6

                	
                  Cessation of
      employment

                	
                  9

                
	
                  7

                	
                  Corporate
      events

                	
                  11

                
	
                  8

                	
                  Lapse of
    Award

                	
                  12

                
	
                  9

                	
                  Variation of share
      capital

                	
                  12

                
	
                  10

                	
                  Share capital
      limit

                	
                  13

                
	
                  11

                	
                  Shares issued under
      Plan

                	
                  13

                
	
                  12

                	
                  Tax and social security
      withholding

                	
                  13

                
	
                  13

                	
                  Contractual
      rights

                	
                  14

                
	
                  14

                	
                  Administration

                	
                  14

                
	
                  15

                	
                  Amendments

                	
                  15

                
	
                  16

                	
                  Notices

                	
                  16

                
	
                  17

                	
                  Governing law and
      jurisdiction

                	
                  16

                
	
                  18

                	
                  Termination of
      Plan

                	
                  16

                
	
                  First Schedule: the Performance
      Conditions for Performance Awards

                	 
    
	
                  Second Schedule: the Performance
      Conditions for Matching Awards granted to employees of the
      Company

                	 
    
	
                  Third Schedule: the Performance
      Conditions for Matching Awards granted to employees of Colombia Movil S.A.
      ESP

                	 
    
	
                  Fourth Schedule: the Performance
      Conditions for Matching Awards granted to employees of Oasis
      S.P.R.L.

                	 
    

        

      

       

       

       

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

       

      
 

       

      Rules
of the Millicom
International Cellular S.A. 2007
Long
Term Incentive Plan

       

      
        	
                1

              	
                Interpretation

              

      

       

      1.1       Definitions

       

      In these Rules,
unless the context otherwise requires, the following words and expressions have
the meanings indicated below.

       

      
        	
                Adoption
    Date

              	 	
                the date on which the Plan is
      adopted by the Board;

              
	 	 	 
	
                Announcement
      Date

              	 	
                the date on which the Company
      announces its annual or half-yearly results;

              
	 	 	 
	
                Award

              	 	
                a Performance Share Award or a
      Matching Share Award;

              
	 	 	 
	
                Award
    Agreement

              	 	
                the agreement entered into by the
      Company and an Eligible Employee in respect of the grant of an
      Award;

              
	 	 	 
	
                Board

              	 	
                the board of directors of the
      Company or a duly authorised committee thereof;

              
	 	 	 
	 	 	 
	
                Co-investment
      Plan

              	 	
                the sub-plan of the Plan which
      provides for the acquisition of Investment Shares by or on behalf of
      Eligible Employees and for the grant of Matching Share Awards to those
      Eligible Employees;

              
	 	 	 
	
                Colombia

              	 	
                Colombia Movil S.A. ESP, the
      Company’s subsidiary in Colombia;

              
	 	 	 
	
                Company

              	 	
                Millicom International Cellular
      S.A., incorporated under the laws of Luxembourg, registered with the
      Luxembourg Register of Trade and Companies under number B 40630, having
      its registered office located at 15, rue Léon Laval, L-3372 Leudelange,
      Luxembourg;

              
	 	 	 
	
                Control

              	 	
                in relation
      to a company, means the power of a person to secure:

                 

                (a)       
      by means of the
      holding of shares or the possession of voting power in or in relation to
      that or any other company, whether directly or indirectly,
      or

                 

                (b)       
      by virtue of any
      powers conferred by the articles of association or other document
      regulating that or any other company, or by contract or
      otherwise,

                 

                that the
      affairs of that company are conducted in accordance with the wishes of
      that person;

              
	 	 	 
	
                Controlling
      Shareholder

              	 	
                Investment AB
      Kinnevik and any of its subsidiaries or affiliates which Control the
      Company;

              
	 	 	 
	
                Eligible
      Employee

              	 	
                a director (other than a
      non-executive director) or a bona–fide employee of any member of the
      Group;

              
	 	 	 
	
                Grant Date

              	 	
                the date on which the Award
      Agreement entered into by and between the Company and an Eligible
      Employee  is
effective;

              

      

       

       

      
        
          
          

        

        
          1

          
            

          

        

        
          
          

        

      

       

       

       

      
        	
                Group

              	 	
                the Company and any company under
      the Control of the Company (including joint Control with another company)
      from time to time and “member of the
      Group” shall be
      construed accordingly;

              
	 	 	 
	
                Investment
    Date

              	 	
                the date on which Investment
      Shares are acquired by or on behalf of an Eligible
      Employee;

              
	 	 	 
	
                Investment
      Share

              	 	
                a Share acquired by or on behalf
      of an Eligible Employee or pledged by an Eligible Employee under the
      Co-investment Plan;

              
	 	 	 
	
                Market
Value

              	 	
                of a Share on any day, the closing
      price of a Share as quoted on the Nasdaq Stock Market for the dealing day
      immediately preceding such day or, if the Board so decides, an amount
      equal to the average of the closing prices of a Share, as so quoted, for
      the three dealing days immediately preceding such
    day;

              
	 	 	 
	
                Matching Share
      Award

              	 	
                a conditional right to acquire
      Shares granted by the Company under Rule 3 to match an Investment
      Share;

              
	 	 	 
	
                Oasis

              	 	
                Oasis S.P.R.L., the Company’s
      subsidiary in the Democratic Republic of Congo;

              
	 	 	 
	
                Participant

              	 	
                an individual who holds a
      subsisting Award or, where the context permits, his legal personal
      representatives;

              
	 	 	 
	
                Performance
      Conditions

              	 	
                the performance conditions which
      determine the extent of Vesting of an Award;

              
	 	 	 
	
                Performance
      Period

              	 	
                the period determined by the Board
      and specified in the Award Agreement over which the Performance Conditions
      normally apply;

              
	 	 	 
	
                Performance Share
      Award

              	 	
                a conditional right to acquire
      Shares granted by the Company under Rule 2;

              
	 	 	 
	
                Performance Share
      Plan

              	 	
                the sub-plan of the Plan which
      provides for the grant of Performance Share Awards to Eligible
      Employees;

              
	 	 	 
	
                Plan

              	 	
                the Millicom International
      Cellular S.A. 2007 Long Term Incentive Plan constituted by these Rules as
      amended from time to time;

              
	 	 	 
	
                Shares

              	 	
                common shares in the capital of
      the Company with a par value of US $1.50 each, or any securities
      representing them;

              
	 	 	 
	
                Unrestricted
      Shares

              	 	
                Shares owned by an Eligible
      Employee, including Shares which he has acquired through any employee
      share plan operated by the Company, but excluding any Shares which are
      still subject to restrictions under the terms of any such employee share
      plan and any Shares which are currently Investment
      Shares;

              
	 	 	 
	
                Variation

              	 	
                any material variation of the
      share capital of the Company, including but without limitation a
      capitalisation issue, rights issue, bonus issue, rights offer and a sub
      division, consolidation or reduction in the capital of the
      Company;

              
	 	 	 
	
                Vest

              	 	
                a Participant becoming, in
      accordance with these Rules,

              

      

       

       

       

      
        
          
          

        

        
          2

          
            

          

        

        
          
          

        

      

       

       

      
        	 	 	
                entitled to the Shares subject to
      an Award and “Vested” and “Vesting” shall be construed accordingly;
      and

              
	 	 	 
	
                Vesting
Date

              	 	
                the date when an Award normally
      Vests, as stated on the Award Agreement, or such earlier date when the
      Award Vests pursuant to Rule 6 or
7.

              

      

       

       

      1.2       Construction

       

      In these Rules, unless otherwise
specified:

       

      
        	
                (a)

              	
                the contents
      and headings are inserted for ease of reference only and do not affect
      their interpretation;

              

      

       

      
        	
                (b)

              	
                save as
      provided for by law a reference to writing includes any mode of
      reproducing words in a legible form and reduced to paper or electronic
      format or communication including, for the avoidance of doubt,
      correspondence via e-mail;

              

      

       

      
        	
                (c)

              	
                the singular
      includes the plural and vice-versa and the masculine includes the
      feminine; and

              

      

       

      
        	
                (d)

              	
                a reference
      to a statutory provision includes any statutory modification, amendment or
      re-enactment thereof.

              

      

       

      
        	
                2

              	
                Grants
      under the Performance Share Plan

              

      

       

      2.1       Grant
offer

       

      Subject to these
Rules, the Board shall determine in its absolute discretion when an offer for
the grant of Performance Share Awards shall be made, the Eligible Employees to
whom such offer shall be made and the terms governing the offer for the grant of
such Awards.

       

      2.2       Timing
of offer for grants

       

      The Board may make
an offer for the grant a Performance Share Award to an Eligible Employee within
the period of 42 days following the Adoption Date and thereafter:

       

      
        	
                (a)

              	
                during the 42
      days commencing on the dealing day following an Announcement Date;
      or

              

      

       

      
        	
                (b)

              	
                at any time
      when the Board considers that exceptional circumstances exist which
      justify the granting of an Award

              

      

       

      PROVIDED THAT no
offer for the grant of a Performance Share Award may be made after the Plan has
terminated, as provided in Rule 18.

       

      2.3       Individual
limit

       

      No offer for the
grant of a Performance Share Award shall be made to an Eligible Employee if as a
result:

       

      
        	
                (a)

              	
                the aggregate
      Market Value of the Shares subject to all Performance Share Awards to be
      granted to him during the same financial year of the Company under the
      Plan

              

      

       

       

      
        
          
          

        

        
          3

          
            

          

        

        
          
          

        

      

       

       

       

      
        (taking the Market
Value at the Grant Date for each Award) would exceed 200 per cent of his annual
rate of base salary, or

      

       

      
        	
                (b)

              	
                the share
      capital limit in Rule 10 would be
exceeded.

              

      

       

      2.4       Procedure
for grant of Awards and Grant Date

       

      The decision to
make an offer for the grant of Performance Share Awards shall be taken by a
resolution passed by the Board.

       

      As soon as
reasonably practicable after the Board has resolved to make an offer for the
grant of a Performance Share Award to an Eligible Employee, the Company shall
inform such Eligible Employee by a notice in writing of such offer.

       

      The notice referred
to in the above paragraph shall at least include (i) the execution copy of the
Award Agreement, duly signed by the Company, and (ii) the date by which the
Eligible Employee must accept the offer, which shall be not less than 14 and not
more than 28 days after the notice has been given to the Eligible Employee (as
determined in accordance with Rule 16.1). If the offer for the grant of the
Performance Share Award is not accepted before or on the last day of the period
set out in the notice, such offer shall lapse at the end of this
period.

       

      The acceptance of
the offer for the grant of a Performance Share Award by the Eligible Employee
shall be made by executing the Award Agreement referred to in the above
paragraph. The acceptance of the offer shall be deemed to occur on the date on
which the fully executed copy of the Award Agreement is received by the Company
in accordance with Rule 16.3.

       

      2.5       Contents
of Award Agreement

       

      An Award Agreement
for a Performance Share Award shall:

       

      
        	
                (i)

              	
                be subject to
      the relevant terms and conditions set forth in these
  Rules;

              

      

       

      
        	
                (ii)

              	
                specify the
      following:

              

      

       

      
        	
                 
      

              	
                (a)

              	
                the Grant
      Date;

              

      

       

      
        	
                 
      

              	
                (b)

              	
                the number of
      Shares subject to the Award;

              

      

       

      
        	
                 
      

              	
                (c)

              	
                the date on
      which the Award will normally Vest, which shall not be earlier than three
      years after the date on which the Board resolved to grant the Award under
      Rule 2.4; and

              

      

       

      
        	
                 
      

              	
                (d)

              	
                the
      Performance Period, the Performance Conditions and any further conditions
      applicable to the Award; and

              

      

       

      
        	
                (iii)

              	
                be subject to
      such terms and conditions, as the Board may determine from time to
      time.

              

      

       

      The terms and
conditions of an Award Agreement for a Performance Share Award shall be
consistent with the terms and conditions specifically required under these
Rules.

       

       

      
        
          
          

        

        
          4

          
            

          

        

        
          
          

        

      

       

       

       

      2.6       Right
to refuse Awards

       

      In the event that
an Eligible Employee to whom an offer for the grant of a Performance Share Award
is made does not accept such offer for whatever reason within the period set out
in the notice sent by the Company in accordance with Rule 2.4, the Award shall
automatically and without exception be treated, for the purpose of the Plan, as
never having been granted. For the avoidance of doubt, no consideration shall be
due from the Company to the Eligible Employee for any such refusal or omission
to accept within the required timeframe.

       

      2.7       Awards
non-transferable

       

      A Performance Share
Award shall be personal to the Participant and, subject to Rule 6.2, shall not
be capable of being transferred, charged or otherwise alienated and shall lapse
immediately if the Participant purports to transfer, charge or otherwise
alienate the Award.

       

      2.8       Participant’s
rights over Shares subject to Performance Share Award

       

      For the avoidance
of doubt, a Participant shall not become the legal or beneficial owner of the
Shares subject to his Performance Share Award until such Shares are issued or
transferred to him (or his nominee) by or on behalf of the Company, and until
that date the Participant shall not be entitled to any voting, dividend,
transfer or other rights attaching to the Shares subject to such
Award.

       

      
        	
                3

              	
                Grants
      under the Co-investment Plan

              

      

       

      3.1       Invitation
decisions

       

      Subject to these
Rules, the Board shall determine in its absolute discretion when invitations to
participate in the Co-investment Plan shall be issued, the Eligible Employees to
whom such invitations shall be issued and the terms governing such
invitations.

       

      3.2       Timing
of invitations

       

      The Board may
resolve to issue invitations under Rule 3.1 within the period of 42 days
following the Adoption Date and thereafter:

       

      
        	
                (a)

              	
                during the 42
      days commencing on the dealing day following an Announcement Date;
      or

              

      

       

      
        	
                (b)

              	
                at any time
      when the Board considers that exceptional circumstances exist which
      justify issuing such invitations

              

      

       

      PROVIDED THAT no
resolution to issue such invitations may be made after the Plan has terminated,
as provided in Rule 18.

       

      3.3       Individual
limits

       

      The maximum
aggregate Market Value of Investment Shares which may be acquired by an Eligible
Employee during any financial year of the Company, taking the Market Value at
the Investment Date, is an amount equivalent to 75 per cent of the Eligible
Employee’s annual rate of base salary on the Investment Date.

       

       

      
        
          
          

        

        
          5

          
            

          

        

        
          
          

        

      

       

       

      The maximum number
of Shares which may be subject to any Matching Share Award is three times the
number of Investment Shares which are being matched by the Award.

       

      3.4       Procedure
for invitations

       

      As soon as
reasonably practicable after the Board has resolved to issue invitations under
Rule 3.1, the Company shall send invitations to participate in the Co-investment
Plan to each Eligible Employee selected by the Board.  Each invitation
shall state:

       

      
        	
                (a)

              	
                the maximum
      value, in US dollars, of Investment Shares which the Eligible Employee is
      being invited to acquire;

              

      

       

      
        	
                (b)

              	
                the minimum
      value, in US dollars, of Investment Shares which the Eligible Employee is
      being invited to acquire, which shall be half of the maximum
      value;

              

      

       

      
        	
                (c)

              	
                the date by
      which the Eligible Employee must accept the offer for Investment Shares
      and Matching Share Awards, which shall be not less than one month and not
      more than three months after the date of the
  invitation;

              

      

       

      
        	
                (d)

              	
                the
      anticipated Investment Date, on which the Investment Shares will be
      acquired, which shall be as soon as practicable after the offer acceptance
      date in (c) above and any undertaking from the Eligible Employee which is
      deemed necessary to give effect to Rule 3.10;
  and

              

      

       

      
        	
                (e)

              	
                the maximum
      ratio of Shares subject to the Matching Share Award to the number of
      Investment Shares to be acquired by the Eligible
  Employee.

              

      

       

      Subject thereto, an
invitation shall be in such form as the Board may determine from time to
time.

       

      The Company shall
send to the Eligible Employee, together with the invitation, (i) a final draft
of the Award Agreement for the Matching Share Award and (ii) any other documents
which are required for the purpose of the acquisition of the Investment Shares,
such as a subscription form or a transfer form.

       

      3.5       Procedure
for acceptance and acquisition of Investment Shares

       

      An Eligible
Employee may accept the invitation to participate in the Co-Investment Plan,
with respect to the acquisition of Investment Shares, by completing and
executing a subscription form or transfer form (as applicable) referred to in
Rule 3.4 specifying in particular the value of the Investment Shares which he
wishes to acquire and send the Company a payment of such amount.

       

      If such invitation
is not accepted by the Eligible Employee on or before the date specified in
accordance with paragraph (c) of Rule 3.4, the invitation shall
lapse.

       

      The acceptance of
such invitation shall be deemed to occur on the date on which the executed
subscription form or transfer form (as applicable) is received by the Company in
accordance with Rule 16.3.

       

      Upon acceptance of
the invitation, the Eligible Employee shall pay to the Company the amount
representing the value of the Investment Shares that has been included by the
Eligible Employee in the subscription form or the transfer form in accordance
with these 

       

       

      
        
          
          

        

        
          6

          
            

          

        

        
          
          

        

      

       

       

      Rules.  Alternatively,
the Eligible Employee may pledge or otherwise secure the same number of
Unrestricted Shares, so that they can be designated as Investment Shares for the
purpose of the Co-investment Plan.

       

      If the Company has
received payment of the required amount to acquire Investment Shares on or
before the date specified in accordance with paragraph (c) of Rule 3.4, the
Company shall on the Investment Date issue to the Eligible Employee, or procure
the transfer to the Eligible Employee of, the maximum number of Shares which can
be acquired with such payment at the Market Value on the Investment
Date.

       

      3.6       Procedure
for grant of Awards and Grant Date

       

      An Eligible
Employee shall accept the invitation to participate in the Co-Investment Plan
with respect to the grant of Matching Share Awards by completing and executing
the final draft Award Agreement for the Matching Share Awards.

       

      If the invitation
to participate in the Co-Investment Plan with respect to the grant of Matching
Share Awards is not accepted before or on the date specified in accordance with
paragraph (c) of Rule 3.4 in the invitation, such invitation shall lapse as of
this date.

       

      The acceptance of
the invitation to participate in the Co-Investment Plan with respect to the
grant of Matching Share Awards by the Eligible Employee shall be deemed to occur
on the date on which the Award Agreement, duly executed by the Eligible
Employee, is received by the Company in accordance with Rule 16.3.

       

      3.7       Contents
of Award Agreement

       

      An Award Agreement
for a Matching Share Award shall:

       

      
        	
                (i)

              	
                be subject to
      the relevant terms and conditions under the
  Plan;

              

      

       

      
        	
                (ii)

              	
                specify the
      following:

              

      

       

      
        	
                 
      

              	
                (a)

              	
                the Grant
      Date;

              

      

       

      
        	
                 
      

              	
                (b)

              	
                the number of
      Shares subject to the Award;

              

      

       

      
        	
                 
      

              	
                (c)

              	
                the date on
      which the Award will normally Vest, which shall not be earlier than three
      years after the date when the Board resolved to issue invitations under
      Rule 3.1; and

              

      

       

      
        	
                 
      

              	
                (d)

              	
                the
      Performance Period, the Performance Conditions and any further conditions
      applicable to the Award, including possible forfeiture in accordance with
      Rule 3.10.

              

      

       

      
        	
                (iii)

              	
                be subject to
      such terms and conditions as the Board may determine from time to
      time.

              

      

       

      The terms and
conditions of an Award Agreement for a Matching Share Award shall be consistent
with the terms and conditions specifically required under these
Rules.

       

       

      
        
          
          

        

        
          7

          
            

          

        

        
          
          

        

      

       

       

       

      3.8       Right
to renounce Awards

       

      In the event that
an Eligible Employee to whom an offer for the grant of a Matching Share Award is
made does not accept such offer for whatever reason before or on the date
specified in accordance with paragraph (c) of Rule 3.4, the Award shall
automatically and without exception be treated, for the purpose of the Plan, as
never having been granted. For the avoidance of doubt, no consideration shall be
due from the Company to the Eligible Employee for any such refusal or omission
to accept within the required timeframe.

       

      3.9       Awards
non-transferable

       

      A Matching Share
Award shall be personal to the Participant and, subject to Rule 6.2, shall not
be capable of being transferred, charged or otherwise alienated and shall lapse
immediately if the Participant purports to transfer, charge or otherwise
alienate the Award.

       

      3.10      Effect
of transfer of Investment Shares

       

      If a Participant
transfers, charges or otherwise alienates any of his Investment Shares (except
as provided in the second paragraph of this Rule 3.10) before the Vesting Date
for the corresponding Matching Share Award, his rights under such Matching Share
Award shall lapse immediately to the extent that the Shares subject to the
Matching Share Award matched such Investment Shares.

       

      The Company may
take whatever measures it considers appropriate to determine whether or not the
Investment Shares continue to be owned by the Participant throughout the period
between the Investment Date and such Vesting Date, including the retention of
the relevant share certificate or requiring the Participant to transfer the
Investment Shares to a trust or other intermediary as nominee.  Any
such measures shall not affect the Participant’s right to exercise the rights of
a shareholder, including dividend and voting rights, in respect of such
Investment Shares, through such trust or other intermediary as
nominee.

       

      3.11     Participant’s
rights over Shares subject to Matching Share Award

       

      For the avoidance
of doubt, a Participant shall not become the legal or beneficial owner of the
Shares subject to his Matching Share Award until such Shares are issued or
transferred to him (or his nominee) by or on behalf of the Company, and until
that date the Participant shall not be entitled to any voting, dividend,
transfer or other rights attaching to the Shares subject to such
Award.

       

      
        	
                4

              	
                Performance
      Conditions

              

      

       

      4.1       Imposition
of Performance Conditions

       

      On the grant of a
Performance Share Award or a Matching Share Award, the Board shall impose
Performance Conditions and any further conditions on Vesting which the Board
determines to be appropriate.  Such conditions shall be set out in, or
attached in the form of a schedule to, the Award Agreement.  The
Performance Conditions for the first Performance Share Awards following the
Adoption Date shall be those set out in the First Schedule to these
Rules.  The Performance Conditions for the first Matching Share Awards
following the Adoption Date shall be those set out in either the Second, Third
or Fourth Schedule to these Rules, depending on the Participant’s employing
company.  The Board may change the Performance Conditions for future
Awards provided that they remain challenging and are aligned with the interests
of the Company’s shareholders.

       

       

       

      
        
          
          

        

        
          8

          
            

          

        

        
          
          

        

      

       

       

      4.2       Substitution,
variation or waiver of Performance Conditions

       

      If an event occurs
which causes the Board to consider that the Performance Conditions or any
further conditions imposed under Rule 4.1 subject to which an Award has been
granted are no longer appropriate, the Board may substitute, vary or waive the
terms and conditions of the Award Agreement with respect to the Performance
Conditions or the further conditions in such manner as:

       

      
        	
                (a)

              	
                is reasonable
      in the circumstances; and

              

      

       

      
        	
                (b)

              	
                except in the
      case of waiver, produces a fairer measure of performance and is not
      materially less difficult to satisfy than were the Performance Conditions
      immediately before such event
occurred.

              

      

       

      The Award shall
then take effect subject to terms and conditions of the Award Agreement with
respect to the Performance Conditions or the further conditions as so
substituted, varied or waived.

       

      4.3       Notification
of Participants

       

      The Company shall,
as soon as reasonably practicable, notify each Participant concerned of any
substitution, variation or waiver of the Performance Conditions or further
conditions made by the Board under Rule 4.2 and explain how it affects his
Award.

       

      
        	
                5

              	
                Vesting

              

      

       

      5.1       Vesting
of Awards

       

      Subject to Rules 6
and 7, an Award shall Vest on the normal Vesting Date specified on the Award
Agreement.  The number of Shares in respect of which the Award Vests
shall be determined by the Board as soon as practicable in accordance with the
Performance Conditions and any further conditions imposed under Rule 4.1, in
their original form or as substituted or varied from time to
time.  The Participant shall become irrevocably entitled to the Shares
subject to an Award to the extent that the Award has Vested.  To the
extent that the Award has not Vested, it shall lapse immediately.

       

      5.2       Delivery
of Shares

       

      Subject to any
necessary consents, the execution of any relevant agreements or documents by the
Participant, as determined by the Board, and to compliance by the Participant
with these Rules and the terms of the Award Agreement, the Company shall, as
soon as reasonably practicable and in any event not later than 30 days after the
Vesting Date of an Award, issue to the Participant, or procure the transfer to
the Participant of, the number of Shares in respect of which the Award has
Vested.

       

      
        	
                6

              	
                Cessation
      of employment

              

      

       

      6.1       General
rule

       

      Subject to the
remainder of this Rule 6, an Award may Vest only while the Participant holds an
office or employment within the Group and, if a Participant ceases to hold any
such office or employment, any Award granted to him which has not Vested shall
lapse immediately.  Except where such cessation is for one of the
reasons mentioned in Rule 6.2 or 6.3, the Participant shall be deemed to cease
to hold such office or employment on the date when he or his employer gives
written notice of such cessation.

       

       

      
        
          
          

        

        
          9

          
            

          

        

        
          
          

        

      

       

       

       

      6.2       Death

       

      Notwithstanding
Rules 5.1 and 6.1, if a Participant dies before his Award has Vested the Award
shall Vest immediately.  The number of Shares in respect of which the
Award Vests shall be determined by the Board as soon as practicable taking
account of the Performance Conditions and any other conditions imposed under
Rule 4.1 and shall be reduced pro rata to the proportion of the Performance
Period which has elapsed at the date of the Participant’s death.

       

      The Company shall
issue or procure the transfer to the Participant’s legal personal
representatives in accordance with Rule 5.2 the number of Shares in respect of
which the Award has Vested.

       

      6.3       Injury,
disability, retirement etc

       

      Notwithstanding
Rules 5.1 and 6.1, if a Participant ceases to hold any office or employment
within the Group before his Award has Vested by reason of:

       

      
        	
                (a)

              	
                injury, ill
      health or disability;

              

      

       

      
        	
                (b)

              	
                early
      retirement;

              

      

       

      
        	
                (c)

              	
                retirement at
      or after the age at which he is entitled to retire under the applicable
      legislation;

              

      

       

      
        	
                (d)

              	
                the
      Participant being employed by a company which ceases to be a member of the
      Group;

              

      

       

      
        	
                (e)

              	
                the
      Participant being employed in an undertaking or part of an undertaking
      which is transferred to a person who is not a member of the Group;
      or

              

      

       

      
        	
                (f)

              	
                any other
      special circumstances, at the discretion of the
  Board

              

      

       

      the Award shall
Vest on a date determined by the Board, which shall be no earlier than the date
of such cessation and no later than the normal Vesting Date specified in the
Award Agreement.  The number of Shares in respect of which the Award
Vests shall be determined by the Board as soon as practicable taking account of
the Performance Conditions and any other conditions imposed under Rule 4.1 and
shall be reduced pro rata to the proportion of the Performance Period which has
elapsed at the date of such cessation.

       

      The Company shall
issue to the Participant, or procure the transfer to the Participant of, the
number of Shares in respect of which the Award has Vested, in accordance with
Rule 5.2.

       

      
        
           

        

        
          10

          
            

          

        

        
           

        

         

      

      
        	
                7

              	
                Corporate
      events

              

      

       

      7.1       General
offer for Company

       

      Notwithstanding
Rule 5.1 but subject to Rule 7.2, if in the judgement of the Board a person (or
persons acting in concert) obtains Control of the Company, all Awards shall Vest
with effect immediately before such change of Control occurs.  The
number of Shares in respect of which each Award Vests shall be determined by the
Board as soon as practicable taking account of the Performance Conditions and
any other conditions imposed under Rule 4.1 and shall be reduced pro rata to the
proportion of the Performance Period which has elapsed at the date when such
Control is obtained.

       

      If the change of
Control is made by way of the absorption of the Company by another company or
entity, by means of a legal merger or otherwise, the Board may resolve that an
Award shall not Vest in accordance with the previous paragraph but the Board
shall instead procure that the Award be replaced by the grant of an award over
shares in such company or entity, which, in the opinion of the Board, is
substantially equivalent, in value and in terms and conditions, to the Award, it
being understood that such undertaking shall be assigned to the absorbing
company or entity.

       

      If all or
substantially all the assets and liabilities of the Company are transferred to
one (or more) company or entity, which is not under the Control of the
Controlling Shareholder, the Board may resolve that all Awards shall Vest in
accordance with the first paragraph of this Rule 7.1.  Alternatively,
the Board may resolve that an Award shall not Vest but that instead it shall
procure that the Award be replaced by the grant of an award over shares in such
other company or entity, which, in the opinion of the Board, is substantially
equivalent, in value and in terms and conditions, to the Award, it being
understood that such undertaking shall be assigned to the absorbing company or
entity.

       

      The Company shall
issue to the Participant, or procure the transfer to the Participant of, the
number of Shares in respect of which the Award has Vested, in accordance with
Rule 5.2.

       

      7.2       Reorganisation
not involving a change in Control

       

      If as a consequence
of a reorganisation, (i) a company (or a similar entity) owns more than 90 per
cent of the Shares of the Company, and (ii) the Controlling Shareholder still
has Control of the Company, the Board may resolve that all Awards shall Vest
immediately in accordance with the terms of Rule 7.1. If all the Awards do not
Vest immediately, the Board shall procure that all the Awards be replaced by the
grant of an awards over shares in the company (or similar entity) owning more
than 90 per cent of the Shares of the Company, which, in the opinion of the
Board, is substantially equivalent, in value and in terms and conditions, to the
Awards.

       

      In the event that
as a consequence of a reorganisation, (i) (a) the Company is absorbed by another
company by means of a legal merger or otherwise or (b) the Company is divided
into two or more companies (or similar entities) by means of a legal de-merger,
a contribution of all its assets and liabilities or otherwise, (ii) the Award
Agreements are assigned to any of this/these companies or other entities and
(iii) the Controlling Shareholder has Control of this/these companies or other
entities, the Board shall procure that all the Awards be replaced by the grant
of an award over shares in this/these company or entity, which, in the opinion
of the Board, is substantially equivalent, in value and in term and conditions,
to the Awards, it being understood that such undertaking shall be assigned to
this/these company or entity by the Company together with its assets and
liabilities.

       

      
        
           

        

        
          11

          
            

          

        

        
           

        

         

      

      7.3       Notification
of Participants

       

      The Board shall, as
soon as reasonably practicable, notify each Participant of the occurrence, or
the likely occurrence, of any of the events referred to in this Rule 7 and
explain how this affects his Award.

       

      
        	
                8

              	
                Lapse
      of Award

              

      

       

      An Award shall
lapse on the earliest of:

       

      
        	
                (a)

              	
                the Board
      determining that the Performance Conditions or any further conditions
      imposed under Rule 4.1 have been satisfied neither in whole nor in part in
      relation to the Award and can no longer be satisfied either in whole or in
      part;

              

      

       

      
        	
                (b)

              	
                subject to
      Rule 6, the Participant ceasing to hold an office or employment within the
      Group;

              

      

       

      
        	
                (c)

              	
                the
      replacement of the Award under Rule 7 (for the avoidance of doubt, this
      paragraph will not cause any replacement award to
  lapse);

              

      

       

      
        	
                (d)

              	
                the date on
      which a resolution is passed or an order is made by the court for the
      winding up of the Company;

              

      

       

      
        	
                (e)

              	
                the date on
      which the Participant becomes bankrupt, enters into a compromise with his
      creditors generally or purports to transfer, charge or otherwise alienate
      the Award; and

              

      

       

      
        	
                (f)

              	
                in the case
      of a Matching Share Award, if the Participant transfers, charges or
      otherwise alienates the corresponding Investment Shares before the Vesting
      Date of the Matching Share Award.

              

      

       

      For the avoidance
of doubt, the rights of the Participant over his corresponding Investment Shares
shall not be affected by the lapse of a Matching Share Award.  Any
measures taken by the Company under Rule 3.10, to determine whether the
Investment Shares continue to be beneficially owned, shall not apply after such
lapse.

       

      
        	
                9

              	
                Variation
      of share capital

              

      

       

      9.1       Power
to amend Award

       

      In the event of a
Variation or the payment of a special dividend by the Company, the terms of the
Award Agreement with respect to the number of Shares subject to an Award may be
amended in such manner as the Board shall determine to be fair and reasonable,
having consulted the Company’s professional advisers as
appropriate.

       

      9.2       Notification
of Participants

       

      The Board shall, as
soon as reasonably practicable, notify each Participant of any adjustment made
under this Rule 9 and explain how this affects his Award.

       

      
        
           

        

        
          12

          
            

          

        

        
           

        

         

      

      
        	
                10

              	
                Share
      capital limit

              

      

       

      10.1     Limit
to number of new Shares

       

      An Award may not be
granted if the result would be that the aggregate number of Shares issued or
issuable under Awards granted under the Plan, between the Adoption Date and its
termination under Rule 18, would exceed 5 million (adjusted for any Variations
during that period).

       

      10.2     Clarification
of limit

       

      For the purpose of
the limits contained in Rule 10.1:

       

      
        	
                (a)

              	
                there shall
      be disregarded any Shares which have been purchased, or the Board has
      determined will be purchased, in order to satisfy an
  Award;

              

      

       

      
        	
                (b)

              	
                there shall
      be disregarded any Shares subject to an Award which has lapsed, been
      renounced or otherwise become incapable of Vesting;
  and

              

      

       

      
        	
                (c)

              	
                any Shares
      issued to a Participant following the Vesting of an Award shall be taken
      into account once only (when the Award is granted) and shall not fall out
      of account when the Shares are issued to the
  Participant.

              

      

       

      
        	
                11

              	
                Shares
      issued under Plan

              

      

       

      11.1     Rights
attaching to Shares

       

      All Shares issued
to Participants under the Plan (whether directly to the Participant or
indirectly via a trustee or other intermediary) shall, as to voting, dividend,
transfer and other rights, including those arising on a liquidation of the
Company, rank equally in all respects and as one class with the Shares of the
same class in issue at the date of issue save as regards any rights attaching to
such shares by reference to a record date prior to the date of such
issue.

       

      11.2     Availability
of Shares

       

      The Board shall at
all times have the authority under the articles of association of the Company to
(i) issue Shares to satisfy all Awards which the Board has determined will be
satisfied by the issue of Shares (whether directly to the Participant or
indirectly via a trustee or other intermediary) and (ii) to waive the
preferential subscription rights of the existing shareholders of the Company
with respect to the issue of Shares to satisfy the grant of any such Awards by
the Company.  Prior to making an Award which will be satisfied by the
transfer of Shares, the Board shall ensure that the Company has obtained the
agreement of a trustee or other intermediary on the procedures for funding the
acquisition of and delivery of such Shares.

       

      
        	
                12

              	
                Tax
      and social security withholding

              

      

       

      Where, in relation
to an Award granted under the Plan, a member of the Group is liable, or is in
accordance with current practice believed by the Company to be liable, to
account to any revenue or other authority for any sum in respect of any tax or
social security liability of the Participant, the Shares subject to an Award
which has Vested may not be issued or transferred to the Participant (as the
case may be) unless the Participant has beforehand paid to the member of the
Group an amount sufficient to discharge the liability.

       

      
        
           

        

        
          13

          
            

          

        

        
           

        

         

      

      Alternatively, the
Participant may, by agreement with the member of the Group, enter into some
other arrangement to ensure that such amount is available to it (whether by
authorising the sale of some or all of the Shares subject to his Award and the
payment to the member of the Group of the requisite amount out of the proceeds
of sale or otherwise).

       

      
        	
                13

              	
                Contractual
      rights

              

      

       

      Notwithstanding any
other provision of the Plan:

       

      
        	
                (a)

              	
                the Plan
      shall not form part of any contract of employment between any member of
      the Group and an Eligible Employee;

              

      

       

      
        	
                (b)

              	
                unless
      expressly so provided in his contract of employment, an Eligible Employee
      has no right to be granted an
Award;

              

      

       

      
        	
                (c)

              	
                the benefit
      to an Eligible Employee of participation in the Plan (including, in
      particular but not by way of limitation, any Awards held by him) shall not
      form any part of his remuneration or count as his remuneration for the
      purpose of any employer’s contribution to any pension or other benefit
      scheme operated by a member of the Group;
and

              

      

       

      
        	
                (d)

              	
                if an
      Eligible Employee ceases to hold an office or employment within the Group,
      he shall not be entitled to compensation for the loss of any right or
      benefit or prospective right or benefit under the Plan (including, in
      particular but not by way of limitation, any Awards held by him which
      lapse by reason of his ceasing to hold an office or employment within the
      Group) whether by way of damages for unfair dismissal, wrongful dismissal,
      breach of contract or otherwise.

              

      

       

      By accepting the
grant of an Award and not renouncing it, a Participant is deemed to have agreed
to the provisions of this Rule 13.

       

      
        	
                14

              	
                Administration

              

      

       

      14.1     Board
responsible for administration

       

      The Board shall be
responsible for, and shall have the conduct of, the administration of the Plan.
The Board may from time to time make or amend regulations for the administration
of the Plan provided that such regulations shall not be inconsistent with these
Rules.

       

      14.2     Board’s
decision final and binding

       

      The decision of the
Board shall be final and binding in all matters relating to the administration
of the Plan, including but not limited to the resolution of any dispute
concerning, or any inconsistency or ambiguity in, these Rules or any document
used in connection with the Plan.

       

      14.3     Discretionary
nature of Awards

       

      All Awards shall be
granted entirely at the discretion of the Board.

       

      
        
           

        

        
          14

          
            

          

        

        
           

        

         

      

      14.4     Provision
of information

       

      The Participant
shall provide to a member of the Group as soon as reasonably practicable such
information as the member of the Group reasonably requests for the purpose of
complying with its tax and social security withholding and reporting
obligations.

       

      14.5     Shareholder
communications

       

      The Company may
send to Participants copies of any notice or other document sent by the Company
to its shareholders generally.

       

      14.6     Costs

       

      The costs of
introducing and administering the Plan shall be met by the Company. The Company
shall be entitled, if it wishes, to charge an appropriate part of such costs to
another member of the Group. The Company shall also be entitled, if it wishes,
to charge to another member of the Group the opportunity cost of issuing Shares
under the Plan to a Participant employed by that member.

       

      14.7     Variation
of Plan for foreign territories

       

      The Company may
make such modifications to the Plan as are necessary or expedient to take
account of local tax, exchange control, securities laws or other regulations in
any jurisdiction (a “Modified Plan”).  The limit on the number of
Shares which may be subject to Awards as set out in Rule 10 shall apply so as to
limit the number of Shares which may be made subject to Awards granted under a
Modified Plan and Shares subject to Awards granted under a Modified Plan shall
be included for the purpose of the limit set out in Rule 10.

       

      
        	
                15

              	
                Amendments

              

      

       

      15.1     Power
to amend Rules

       

      The Board may from
time to time amend these Rules.  No such amendment shall adversely
affect the rights of an existing Participant, except as provided in Rule
15.2.

       

      15.2     Rights
of existing Participants

       

      Without prejudice
to the terms of Rule 4.2, the Board may resolve to propose to amend the terms of
an Award Agreement to which a Participant is a party.  The proposal
shall be made by notice in writing to the Participant and such notice shall
specify the period within which the Participant must accept or refuse the
proposal.

       

      If the Company has
not received from the Participant a written notice pursuant to which the
proposal is accepted or rejected before or on the last day of the period of
acceptance, the Participant will be deemed to have rejected the
proposal.

       

      If the Participant
rejects the proposal, the Company shall have the right to terminate the Award
Agreement to which the Participant is a party, with immediate effect, within a
period of 6 months starting on the last day of the period of
acceptance.

       

      If the Participant
accepts the proposal, the Award shall then take effect subject to terms and
conditions of the Award Agreement as amended in accordance with this Rule
15.2.

       

      
        
           

        

        
          15

          
            

          

        

        
           

        

         

      

      
        	
                16

              	
                Notices

              

      

       

      16.1     Notice
by Company

       

      Save as provided
for by law any notice, document or other communication given by, or on behalf
of, the Company to any person in connection with the Plan shall be deemed to
have been duly given if delivered by hand or sent by e-mail or fax to him at his
place of work, if he is employed within the Group if sent by e-mail to such
e-mail address as may be specified from time to time, or sent through the post
in a pre-paid envelope to the postal address last known to the Company to be his
address and, if so sent, shall be deemed to have been duly given on the third
calendar day after the date of posting.

       

      16.2     Deceased
Participants

       

      Save as provided
for by law any notice, document or other communication so sent to a Participant
shall be deemed to have been duly given notwithstanding that such Participant is
then deceased (and whether or not the Company has notice of his death) except
where his personal representatives have established their title to the
satisfaction of the Company and supplied to the Company an e-mail or postal
address to which notices, documents and other communications are to be
sent.

       

      16.3     Notice
to Company

       

      Save as provided
for by law any notice, document or other communication given to the Company in
connection with the Plan shall be delivered by hand or sent by e-mail, fax or
post to the Company Secretary at the Company’s registered office or such other
e-mail or postal address as may from time to time be notified to Participants
but shall not in any event be duly given unless it is actually received at the
registered office or such e-mail or postal address.

       

      
        	
                17

              	
                Governing
      law and jurisdiction

              

      

       

      The formation,
existence, construction, performance, validity and all aspects whatsoever of the
Plan, any term of the Plan and any Award granted under it shall be governed by
the laws of the Grand-Duchy of Luxembourg.  The Luxembourg courts
shall have jurisdiction to settle any dispute which may arise out of, or in
connection with, the Plan.

       

      
        	
                18

              	
                Termination
      of Plan

              

      

       

      The Plan shall
terminate 10 years after the Adoption Date or on such earlier date as the Board
shall determine.  Following the termination of the Plan, no further
Awards shall be granted pursuant to Rule 2 or 3 but the subsisting rights and
obligations of Participants will not thereby be affected.

       

    

     

     

     16exv4w1

Exhibit 4.1

REGISTRATION RIGHTS AGREEMENT

BY AND BETWEEN

CAVIUM NETWORKS, INC.

AND

certain

STOCKHOLDERS

of

MONTAVISTA SOFTWARE, INC.

Dated as of December 14, 2009

 

 

REGISTRATION RIGHTS AGREEMENT

          This REGISTRATION RIGHTS AGREEMENT (this “Agreement”) is made as of December 14, 2009,
by and between CAVIUM NETWORKS, INC (“Cavium” or the “Company”), and certain
STOCKHOLDERS, an EMPLOYEE and a DIRECTOR of MONTAVISTA SOFTWARE, INC. (“MVS”) listed on
Schedule A hereto who receive shares of common stock (“Common Stock”) of Cavium pursuant to
the Merger Agreement and the MVS 2006 Retention Plan, as defined below (each a
“Stockholder” and collectively the “Stockholders”).

          WHEREAS, CAVIUM and MVS have entered into the Agreement and Plan of Merger and Reorganization
dated as of November 6, 2009 by and among Cavium, MVS and MV Acquisition Corporation, Mantra LLC
and the Stockholder’s Agent (the “Merger Agreement”), pursuant to which, upon the terms and
subject to the conditions set forth therein, Cavium has agreed to purchase all outstanding shares
of capital stock of MVS for the aggregate consideration of $50,000,000, which consideration
includes 1,467,612 shares of Common Stock of Cavium (the “Shares”);

          WHEREAS, pursuant to the Merger Agreement, the Stockholders shall, upon the Effective Time (as
defined below), each receive that number of Shares as set forth opposite such Stockholder’s name on
Schedule A hereto, which shall be updated as of the Closing (as defined in the Merger Agreement);

          WHEREAS, pursuant to the Merger Agreement, Cavium has agreed to enter into this Agreement as a
condition to MVS’s obligation to consummate the transactions contemplated by the Merger Agreement;
and

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

ARTICLE I

DEFINITIONS

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

          “Additional Shares” means any additional shares of Common Stock of the Company issued
to the Stockholders or the Employees pursuant to a stock split, stock dividend or other
distribution with respect to, or in exchange or in replacement of, the Shares.

          “Adverse Disclosure” means public disclosure of material non-public information which,
in the Board’s good faith judgment (i) would be required to be made in any report or Registration
Statement filed with the SEC by the Company so that such report or Registration Statement would not
be materially misleading; (ii) would not be required to be made at such time but for the filing,
effectiveness or continued use of such report or Registration Statement; and (iii) the Company has
a bona fide business purpose for not disclosing publicly (other than avoidance of
its obligations hereunder), such as a potential material acquisition, divestiture of assets or
other material corporate transaction and the disclosure of such information would reasonable be
expected to have a materially adverse effect on the Company.

          “Affiliate” means, with respect to any Person, any other Person that controls, is
controlled by, or is under common control with such Person. The term “control”, as used
with respect to any Person, means the power to direct or cause the direction of the management and
policies of such

 

 

Person, directly or indirectly, whether through the ownership of voting securities, by
contract or otherwise.

          “Business Day” means any day, other than a Saturday, Sunday or one on which banks are
authorized by law to be closed in San Francisco, California.

          “Effective Date” means the date that the Shelf Registration Statement has been
declared effective by the SEC.

          “Effective Time” has the meaning set forth in the Merger Agreement.

          “Employees” shall mean Russell Harris and Tom Kelly.

          “Exchange Act” means the Securities Exchange Act of 1934, as amended, and the rules
and regulations promulgated thereunder, as the same may be amended from time to time.

          “Filing Deadline” means the date no later than 3 Business Days after the Effective
Time.

          “Holder” (collectively, “Holders”) means any Stockholder and any transferee
permitted under Section 2.1 of Registrable Securities, in each case, to the extent holding
Registrable Securities.

          “Person” means an individual, partnership, corporation, business trust, joint stock
company, trust, unincorporated association, joint venture, limited liability company or any other
entity of whatever nature, and shall include any successor (by merger or otherwise) of such entity.

          “Prospectus” means the prospectus included in any Shelf Registration Statement, all
amendments and supplements to such prospectus, including post-effective amendments, and all other
material incorporated by reference in such prospectus.

          “register,” “registered” and “registration” refer to a registration
effected by filing with the SEC a Registration Statement in compliance with the Securities Act, and
the declaration or ordering by the SEC of the effectiveness of such Registration Statement.

          “Registrable Securities” means (i) Shares held by the Stockholders and (ii) any
Additional Shares; provided, however, that Shares or Additional Shares shall cease
to be treated as Registrable Securities if (a) a registration statement covering such securities
has been declared effective by the SEC and such security has been disposed of pursuant to such
effective registration statement, (b) the date on which such security is sold pursuant to Rule 144,
(c) the date on which such security ceases to be outstanding or (d) the date on which the Holder
thereof, together with its Affiliates, is able to dispose of all of its Registrable Securities in
any 90 day period pursuant to Rule 144 (or any similar or analogous rule promulgated under the
Securities Act) without the requirement to be in compliance with Rule 144(c)(1) (or any successor
rule).

          “Rule 144” means Rule 144 under the Securities Act.

          “Securities Act” means the Securities Act of 1933, as amended, and the rules and
regulations promulgated thereunder, as the same may be amended from time to time.

          “SEC” means the Securities and Exchange Commission.

2

 

          “Shelf Registration Statement” means a registration statement or registration
statements of the Company filed under the 1933 Act covering the Registrable Securities. References
to the Shelf Registration Statement shall include any Prospectus.

          “Transfer” means, directly or indirectly, to sell, transfer, assign, pledge, encumber,
hypothecate or similarly dispose of (by merger, testamentary disposition, operation of law or
otherwise), either voluntarily or involuntarily, or to enter into any contract, option or other
arrangement or understanding with respect to the sale, transfer, assignment, pledge, encumbrance,
hypothecation or similar disposition of (by merger, testamentary disposition, operation of law or
otherwise), any Shares.

ARTICLE II

TRANSFER RESTRICTIONS

          Section 2.1. General Transfer Restrictions The right of the Stockholders to transfer any Shares held by it is subject to the restrictions
set forth in this Article II.

          (a) Each Stockholder acknowledges that the Shares have not been registered under the
Securities Act and may not be Transferred except pursuant to an effective registration
statement under the Securities Act or pursuant to an exemption from registration under the
Securities Act. Each Stockholder covenants that the Shares will only be disposed of pursuant
to an effective registration statement under, and in compliance with the requirements of, the
Securities Act or pursuant to an available exemption from the registration requirements of the
Securities Act, and in compliance with any applicable state and foreign securities laws. In
connection with any Transfer of the Shares other than pursuant to an effective registration
statement, to the Company or pursuant to Rule 144 or 144A (or any similar provision then in
force), the Company may require the Stockholder to provide to the Company an opinion of
counsel selected by the Stockholder and reasonably acceptable to the Company, the form and
substance of which opinion shall be reasonably satisfactory to the Company, to the effect that
such Transfer does not require registration under the Securities Act. Notwithstanding the
foregoing, the Company hereby consents to and agrees to register on the books of the Company
and with its transfer agent, without any legal opinion, except to the extent that the transfer
agent requests such legal opinion, any Transfer of Restricted Shares by a Stockholder to an
Affiliate of such Stockholder or to any general or limited partner of such Stockholder.

          (b) Each Stockholder agrees to the imprinting, so long as is required by this Section
2.1, of the following legend on any certificate evidencing any of the Restricted Shares:

THESE SECURITIES HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT
OF 1933, AS AMENDED (THE “ACT”), OR ANY STATE SECURITIES LAWS AND
MAY NOT BE TRANSFERRED IN THE ABSENCE OF SUCH REGISTRATION OR AN
EXEMPTION THEREFROM UNDER THE ACT AND THE RULES AND REGULATIONS
THEREUNDER AND APPLICABLE STATE SECURITIES LAWS.

Certificates evidencing the Shares shall not be required to contain such legend or any other
legend (i) following any sale of such Shares pursuant to an effective registration statement
(including the Shelf Registration Statement) covering the resale of the Restricted Shares,
(ii) following any sale of such Shares pursuant to Rule 144 or Rule 144A (or any similar
provision then in force) or if the
Shares are transferrable by a person who is not an Affiliate of the applicable Stockholder
pursuant to Rule 144 or Rule 144A (or any similar provision then in force) without any volume
or manner of

3

 

sale restrictions thereunder, in each case if the holder provides the Company
with a legal opinion reasonably acceptable to the Company to the effect that the Shares were
sold under Rule 144 or Rule 144A or (iii) if the holder provides the Company with a legal
opinion reasonably acceptable to the Company to the effect that the legend is not required
under applicable requirements of the Securities Act (including controlling judicial
interpretations and pronouncements issued by the staff of the SEC). Whenever such
restrictions shall cease and terminate as to any Shares, the holder of such securities shall
be entitled to receive from the Company upon a written request in writing, without expense,
new securities of like tenor not bearing the legend set forth herein.

ARTICLE III

REGISTRATION RIGHTS

     The Company hereby grants to each of the Holders the registration rights set forth in this
Article III, with respect to the Registrable Securities owned by such Holders:

          Section 3.1. Shelf Registration

          (a) The Company shall file under the Securities Act as soon as reasonably practicable,
but no later than the Filing Deadline, a Shelf Registration Statement providing for the
registration of, and the sale on a continuous or delayed basis by the holders of, all, but not
less than all, of the Registrable Securities, pursuant to Rule 415 or any similar rule that
may be adopted by the SEC (such filing, the “Shelf Registration”). The Company agrees to use
commercially reasonable best efforts to cause the Shelf Registration Statement to become or be
declared effective by the SEC as soon as reasonably practicable. The Company agrees to use
commercially reasonable best efforts to keep such Shelf Registration Statement effective until
the earlier of (i) the date on which each Holder is able to dispose of all of its Registrable
Securities in any 90 day period pursuant to Rule 144 (or any similar or analogous rule
promulgated under the Securities Act) and without the requirement to be in compliance with
Rule 144(c)(1) (or any successor rule) and (ii) the date on which there are no Registrable
Securities. By 9:30 a.m. New York time on the second Business Day following the Effective
Time of the Shelf Registration Statement or the post effective amendment, as applicable, the
Company shall file with the SEC in accordance with Rule 424 under the Securities Act the final
Prospectus to be used in connection with sales pursuant to such Shelf Registration Statement.
In no event shall the Company be required to file, and maintain effectiveness of more than one
Shelf Registration Statement at any one time.

          (b) Suspension of Filing or Registration. If the Company shall furnish to the
Holders a certificate signed by the Chief Executive Officer or equivalent senior executive of
the Company, stating that the filing, effectiveness or continued use of the Shelf Registration
Statement would require the Company to make an Adverse Disclosure, then the Company shall have
a period of not more than 30 days (or such longer period as the Holders holding a majority of
the Registrable Securities shall consent to in writing) within which to delay the filing or
effectiveness of such Shelf Registration Statement or, in the case of a Shelf Registration
Statement that has been declared effective, to suspend the use by Holders of such Shelf
Registration Statement (in each case, a “Shelf Suspension”); provided,
however, that, unless consented to in writing by Holders holding a majority of the
Registrable Securities, the Company shall not be permitted to exercise a Shelf Suspension more
than twice during any 12-month period and there must be at least 60 days between each
permitted Shelf Suspension. In the case of a Shelf Suspension that occurs after the
effectiveness of the Shelf Registration Statement, the Holders agree to suspend use of the
applicable Prospectus in connection with any sale or purchase of, or offer to sell or purchase,
Registrable Securities, upon receipt of the notice referred to above. The Company shall
immediately notify the

4

 

Holders upon the termination of any Shelf Suspension, and (i) in the
case the Shelf Registration Statement has not been declared effective, shall promptly
thereafter file the Shelf Registration Statement and use its commercially reasonable best
efforts to have such Shelf Registration Statement declared effective under the Securities Act
and (ii) in the case Shelf Registration Statement has become effective, shall amend or
supplement the Prospectus, if necessary, so it does not contain any untrue statement or
omission prior to the expiration of the Shelf Suspension and furnish to the Holders such
numbers of copies of the Prospectus as so amended or supplemented as the Holders may
reasonably request. The Company agrees, if necessary, to supplement or make amendments to the
Shelf Registration Statement, if required by the registration form used by the Company for the
Shelf Registration or by the instructions applicable to such registration form or by the
Securities Act or the rules or regulations promulgated thereunder or as may reasonably be
requested by the Holders of a majority of the Registrable Securities then outstanding.

          (c) The Company shall use commercially reasonable best efforts to take all actions
reasonably necessary to ensure that the transactions contemplated herein are effected as so
contemplated in Section 3.1(a) hereof, and to submit to the SEC, within two Business Days
after the Company learns that no review of the Shelf Registration Statement will be made by
the staff of the SEC or that the staff has no further comments on the Shelf Registration
Statement, as the case may be, a request for acceleration of effectiveness (or post effective
amendment, if applicable) of the Shelf Registration Statement to a time and date not later
than 48 hours after the submission of such request.

          (d) Any reference herein to a registration statement or prospectus as of any time shall
be deemed to include any document incorporated, or deemed to be incorporated, therein by
reference as of such time and any reference herein to any post-effective amendment to a
registration statement as of any time shall be deemed to include any document incorporated, or
deemed to be incorporated, therein by reference as of such time. Any reference to a prospectus
as of any time shall include any supplement thereto, preliminary prospectus, or any free
writing prospectus in respect thereof.

          (e) In connection with the filing of the Shelf Registration Statement, the Company shall:

     (i) prepare and file with the SEC within the time periods specified in Section 3.1(a),
a Shelf Registration Statement on any form which may be utilized by the Company and which
shall register all of the Registrable Securities for resale by the Holders thereof in
accordance with (except if otherwise required pursuant to written comments received from the
SEC upon a review of such Shelf Registration Statement) the “Plan of Distribution” section
attached hereto as Exhibit A and use reasonable best efforts to cause such Shelf
Registration Statement to become effective as soon as reasonably practicable;

     (ii) as soon as reasonably practicable prepare and file with the SEC such amendments
and supplements to such Shelf Registration Statement (including without limitation, any
required post effective amendments) and the prospectus included therein as may be necessary
to effect and maintain the effectiveness of such Shelf Registration Statement for the period
specified in Section 3.1(a) hereof and as may be required by the applicable rules and
regulations of the SEC and the instructions applicable to the form of such Shelf
Registration Statement;

     (iii) include in the Shelf Registration Statement the “Selling Securityholders”
and “Plan of Distribution” sections in substantially the form attached hereto as
Exhibit A.

5

 

     (iv) comply with the provisions of the Securities Act with respect to the disposition
of all of the Registrable Securities covered by such Shelf Registration Statement in
accordance with the methods of disposition as described in Exhibit A by the Holders
provided for in such Shelf Registration Statement;

     (v) provide the Holders and, if any, single legal counsel designated by the Holders of
a majority of the Registrable Securities then outstanding (“Legal Counsel”) a
reasonable opportunity to participate in the preparation of such Shelf Registration
Statement, each prospectus included therein or filed with the SEC and each amendment or
supplement thereto (but not including any documents incorporated by reference), in each case
subject to customary confidentiality restrictions, and give reasonable consideration to any
comments Legal Counsel provides with respect to any Shelf Registration Statement or
amendment or supplement thereto. The Company shall furnish to Legal Counsel copies of any
correspondence from the SEC or the staff of the SEC to the Company or its representatives
relating to any Shelf Registration Statement;

     (vi) keep the Shelf Registration Statement current and continuously effective pursuant
to Rule 415 at all times until the date set forth in Section 3.1(a). The Shelf Registration
Statement shall not contain any untrue statement of a material fact or omit to state a
material fact required to be stated therein, or necessary to make the statements therein not
misleading;

     (vii) promptly notify the Holders (A) when the Shelf Registration Statement or the
Prospectus included therein or any prospectus amendment or supplement or post-effective
amendment has been filed, and, with respect to such Shelf Registration Statement or any
post-effective amendment, when the same has become effective, (B) of any comments by the SEC
with respect thereto or any request by the SEC for amendments or supplements to such Shelf
Registration Statement or prospectus or for additional information (the Company shall
respond to such comments and requests from the SEC as promptly as reasonably possible), (C)
of the issuance by the SEC of any stop order suspending the effectiveness of such Shelf
Registration Statement or the initiation or threatening of any proceedings for that purpose,
(D) of the receipt by the Company of any notification with respect to the suspension of the
qualification of the Registrable Securities for sale in any jurisdiction or the initiation
or threatening of any proceeding for such purpose (in the cases of (C) and (D), the Company
shall obtain the withdrawal of such stop order or suspension at the earliest practicable
time) or (E) if at any time when a prospectus is required to be delivered under the
Securities Act, that such Shelf Registration Statement, prospectus, prospectus amendment or
supplement or post-effective amendment does not conform in all material respects to the
applicable requirements of the Securities Act and the rules and regulations of the SEC
thereunder or contains an untrue statement of a material fact or omits to state any material
fact required to be stated therein or necessary to make the statements therein not
misleading in light of the circumstances then existing (the Company shall use its
commercially reasonable efforts to promptly prepare a supplement or amendment to the Shelf
Registration Statement to conform to such requirements or to correct such untrue statement
or omission, and deliver such number of copies of such supplement or amendment to the
selling Holders as the selling Holders may reasonably request); and

     (viii) in the event that Form S-3 is not available for the registration of the resale
of Registrable Securities hereunder, the Company shall (i) register the resale of the
Registrable Securities on another appropriate form reasonably acceptable to the Holders,
including a Form S-1 and (ii) undertake to register the Registrable Securities on Form S-3 as soon as such
form is available.

6

 

          (f) In connection with the Shelf Registration Statement, each Holder agrees to furnish to
the Company a duly completed Selling Securityholder Questionnaire substantially in the form of
Exhibit B hereto no later than November 25, 2009 and the Company agrees to mail each
Holder the Selling Securityholder Questionnaire no later than November 13, 2009. Each Holder
further agrees that it shall not be entitled to be named as a selling securityholder in the
Shelf Registration Statement or use the prospectus for offers and resales of Registrable
Securities at any time, unless such Holder has returned to the Company a completed and signed
Selling Securityholder Questionnaire. Each Holder acknowledges and agrees that the information
in the Selling Securityholder Questionnaire will be used by the Company in the preparation of
the Shelf Registration Statement and hereby consents to the inclusion of such information in
the Shelf Registration Statement. Each Holder agrees to notify the Company as promptly as
practicable of any inaccuracy or change in information previously furnished by such Holder to
the Company contained in a Selling Securityholder Questionnaire or of the occurrence of any
event in either case that could cause the prospectus to contain an untrue statement of a
material fact regarding such Holder or its intended method of disposition of such Registrable
Securities or omits to state any material fact regarding such Holder or its intended method of
disposition of such Registrable Securities required to be stated therein or necessary to make
the statements therein not misleading in light of the circumstances then existing, and
promptly to furnish to the Company any additional information required to correct and update
any previously furnished information or required so that such prospectus shall not contain,
with respect to each Holder or the disposition of such Registrable Securities, an untrue
statement of a material fact or omit to state a material fact required to be stated therein or
necessary to make the statements therein not misleading in light of the circumstances then
existing. If any Holder fails to provide to the Company any information required to be
provided pursuant to this Section 3 after such Holder became aware of the inaccuracy, omission
or required change, the Company may suspend the use of the Shelf Registration Statement and
the prospectus contained therein until such time as such Holder provides the required
information to the Company.

          Section 3.2. Expenses of Registration All expenses incurred in connection with all registrations effected pursuant to Section 3.1,
including all registration, SEC, stock exchange, filing and qualification fees (including state
securities law fees and expenses), printing expenses, messenger and delivery expenses, escrow fees,
accounting fees, fees and disbursements of counsel for and independent public accountants of the
Company, and fees and expenses of all Persons retained by the Company shall be paid by the Company;
provided, however, that the Company shall not be required to pay stock transfer
taxes or underwriters’ discounts or selling commissions relating to sales of Registrable
Securities.

          Section 3.3. Obligations of the Company Whenever required under this Article III to effect the registration of any Registrable
Securities, the Company shall (in addition to the requirements set forth in Section 3.1(e) with
respect to the Shelf Registration Statement), as expeditiously as reasonably possible:

          (a) use its reasonable efforts to prevent the issuance of any stop order suspending the
effectiveness of the Shelf Registration Statement or of any order preventing or suspending the
use of any preliminary or final prospectus and, if any such order is issued, to obtain the
withdrawal of any such order as soon as practicable;

          (b) use its reasonable efforts to register or qualify, and cooperate with the Holders of
Registrable Securities covered by the Shelf Registration Statement and their respective
counsel, in connection with the registration or qualification of such Registrable Securities
for offer and sale under the securities or “blue sky” laws of each state and other
jurisdiction of the United States as any such Holder or their respective counsel reasonably
request in writing, and do any and all other

7

 

things reasonably necessary or advisable to keep
such registration or qualification in effect for such period as required by Section 3.1(a), as
applicable; provided that the Company shall not be required to qualify
generally to do business in any jurisdiction where it is not then so qualified or take any
action which would subject it to taxation or general service of process in any such
jurisdiction where it is not then so subject;

          (c) notify the Holders of any pending proceeding against the Company under Section 8A of
the Securities Act in connection with the offering of the Registrable Securities.

          (d) comply with all requirements of NASDAQ with regard to the issuance of the Shares and
use its reasonable efforts to list the Registrable Securities covered by the Shelf
Registration Statement with NASDAQ or any securities exchange on which the Common Stock is
then listed;

          (e) provide and cause to be maintained a transfer agent and registrar for all Registrable
Securities covered by the Shelf Registration Statement from and after a date not later than
the effective date of the Shelf Registration Statement;

          Section 3.4. Indemnification.

          (a) The Company will, and does hereby undertake to, indemnify and hold harmless each
Holder of Registrable Securities, each of such Holder’s officers, directors, employees,
partners and agents, each Person controlling such Holder, and the officers, directors,
employees, partners and agents of each Person controlling such Holder, against all claims,
losses, damages and liabilities (or actions in respect thereto) to which they may become
subject under the Securities Act, the Exchange Act, or other federal or state law arising out
of or based on (A) any untrue statement (or alleged untrue statement) of a material fact
contained in any prospectus, offering circular or other similar document (including any
related Shelf Registration Statement, notification, or the like) incident to any such
registration, qualification or compliance, or based on any omission (or alleged omission) to
state therein a material fact required to be stated therein or necessary to make the
statements therein not misleading in light of the circumstances in which they were made, (B)
any violation or alleged violation by the Company of any federal, state or common law rule or
regulation applicable to the Company in connection with any such registration, qualification
or compliance, or (C) any failure to register or qualify Registrable Securities in any state
where the Company or its agents have affirmatively undertaken or agreed that the Company will
undertake such registration or qualification on behalf of the Holders of such Registrable
Securities including pursuant to Section 3.3(a) (provided that in such instance the
Company shall not be so liable if it has undertaken its reasonable efforts to so register or
qualify such Registrable Securities) and will reimburse, as incurred, each such Holder and
each such director, officer, partner, agent and controlling person, for any legal and any
other expenses reasonably incurred in connection with investigating or defending any such
claim, loss, damage, liability or action; provided that the Company will not be liable
in any such case to the extent that any such claim, loss, damage, liability or expense arises
out of or is based on any untrue statement or omission made in reliance and in conformity with
written information furnished to the Company by such Holder expressly for use therein
(including, without limitation, information included on such Holder’s Selling Securityholder
Questionnaire).

          (b) Each Holder will, and if Registrable Securities held by or issuable to such Holder
are included in such registration, qualification or compliance pursuant to this Article III,
does hereby undertake to indemnify and hold harmless the Company, each of its directors,
employees, agents and officers, and each Person controlling the Company and its directors,

8

 

employees, agents and officers, against all claims, losses, damages and liabilities (or
actions in respect thereof) arising out of or based on any untrue statement (or alleged untrue
statement) of a material fact contained in any such Shelf Registration Statement, prospectus,
offering circular or other document, or any omission (or alleged omission) to state therein a
material fact required to be stated therein or necessary to make the statements therein not
misleading in light of the circumstances in which they were made, and will reimburse, as
incurred, the Company, each such other Holder, and each such director, officer, employee,
agent, partner and controlling Person of the foregoing, for any legal or any other expenses
reasonably incurred in connection with investigating or defending any such claim, loss,
damage, liability or action, in each case to the extent, but only to the extent, that such
untrue statement (or alleged untrue statement) or omission (or alleged omission) was made in
such Shelf Registration Statement, prospectus, offering circular or other document, in
reliance upon and in conformity with written information furnished to the Company by such
Holder expressly for use therein (including, without limitation, information included on such
Holder’s Selling Securityholder Questionnaire); provided, however, that the
liability of each Holder hereunder shall be limited to the net proceeds received by such
Holder from the sale of securities under such Shelf Registration Statement.

          (c) Each party entitled to indemnification under this Section 3.4 (the “Indemnified
Party”) shall give notice to the party required to provide such indemnification (the
“Indemnifying Party”) of any claim as to which indemnification may be sought promptly
after such Indemnified Party has actual knowledge thereof, and shall permit the Indemnifying
Party to assume the defense of any such claim or any litigation resulting therefrom;
provided that counsel for the Indemnifying Party, who shall conduct the
defense of such claim or litigation, shall be subject to approval by the Indemnified Party
(whose approval shall not be unreasonably withheld) and the Indemnified Party may participate
in such defense at the Indemnifying Party’s expense if (i) representation of such Indemnified
Party would be inappropriate due to actual or potential differing interests between such
indemnified party and any other party represented by such counsel in such proceeding or (ii)
the Indemnifying Party shall have failed to promptly assume the defense of such proceeding;
and provided further that the failure of any Indemnified Party to give notice
as provided herein shall not relieve the Indemnifying Party of its obligations under this
Article III, except to the extent that such failure to give notice shall materially adversely
affect the Indemnifying Party in the defense of any such claim or any such litigation. No
Indemnifying Party, in the defense of any such claim or litigation, may, without the consent
of each Indemnified Party, consent to entry of any judgment or enter into any settlement
unless such settlement includes an unconditional release of such Indemnified Party from all
liabilities on claims that are the subject matter of such claim or litigation.

          (d) In order to provide for just and equitable contribution in case indemnification is
unavailable to an Indemnified Party (by reason of legal prohibition or otherwise), the
Indemnifying Party, in lieu of indemnifying such Indemnified Party, shall contribute to the
amount paid or payable by such Indemnified Party as a result of such losses, claims, damages
or liabilities in such proportion as is appropriate to reflect the relative fault of the
Indemnifying Party and Indemnified Party in connection with the actions which resulted in such
losses, claims, damages or liabilities, as well as any other relevant equitable
considerations. The relative fault of such Indemnifying Party and Indemnified Party shall be
determined by reference to, among other things, whether any action in question, including any
untrue or alleged untrue statement of material fact or omission or alleged omission to state a
material fact, has been made by, or relates to
information supplied by, such Indemnifying Party or Indemnified Party, and such party’s
relative intent, knowledge, access to information and opportunity to correct or prevent such
actions; provided, however, that, in any case, (i) no Holder will be required
to contribute any amount in excess of any amount the public offering price of all securities
offered by it pursuant to such Shelf

9

 

Registration Statement, and (ii) no Person guilty of
fraudulent misrepresentation (within the meaning of Section 11(f) of the Securities Act) will
be entitled to contribution from any Person who was not guilty of such fraudulent
misrepresentation.

          (e) The indemnity and contribution agreements contained herein are in addition to any
liability that the Indemnifying Party may have to the Indemnified Parties and shall remain in
full force and effect regardless of any investigation made 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 the Registrable Securities.

          Section 3.5. Information by Holder The Holder or Holders of Registrable Securities included in any registration shall furnish to
the Company such information regarding such Holder or Holders and the distribution proposed by such
Holder or Holders as the Company may reasonably request in writing and as shall be required in
connection with any registration, qualification or compliance referred to in this Article III.

          Section 3.6. Transfer of Registration Rights The rights contained in Section 3.1 hereof to cause the Company to register the Registrable
Securities, and the other rights set forth in this Article III, may be assigned or otherwise
conveyed by any Stockholder to any transferee of the Registrable Securities if the transfer was
permitted under Article II.

          Section 3.7. Rule 144 Reporting With a view to making available to the Holders the benefits of certain rules and regulations
of the SEC that may permit the sale of the Registrable Securities to the public without
registration, the Company agrees to use its best efforts to:

          (a) make and keep current public information available, within the meaning of Rule 144 or
any similar or analogous rule promulgated under the Securities Act; and

          (b) file with the SEC, in a timely manner, all reports and other documents required of
the Company under the Securities Act and Exchange Act;

          (c) as long as any Holder owns any Registrable Securities, furnish in writing upon such
Holder’s written request a written statement by the Company that it has timely filed all
reports as contemplated by the reporting requirements of Rule 144 and of the Securities Act
and Exchange Act.

ARTICLE IV

ADDITIONAL AGREEMENTS OF THE PARTIES

          Section 4.1. Further Assurances From time to time, at the reasonable request of any other party hereto and without further
consideration, each party hereto shall execute and deliver such additional documents and take all
such further action as may be necessary or appropriate to consummate and make effective, in the
most expeditious manner practicable, the transactions contemplated by this Agreement.

10

 

ARTICLE V

MISCELLANEOUS

          Section 5.1. Entire Agreement This Agreement constitutes the entire understanding and agreement between the parties as to
the matters covered herein and supersedes and replaces any prior understanding, agreement or
statement of intent, in each case, written or oral, of any and every nature with respect thereto.

          Section 5.2. Specific Performance The parties hereto agree that the obligations imposed on them in this Agreement are special,
unique and of an extraordinary character, and that, in the event of breach or threatened breach by
any party, damages would not be an adequate remedy and each of the other parties shall be entitled
to specific performance and injunctive and other equitable relief in addition to any other remedy
to which it may be entitled, at law or in equity; and the parties hereto further agree to waive any
requirement for the securing or posting of any bond in connection with the obtaining of any such
injunctive or other equitable relief.

          Section 5.3. Governing Law This Agreement shall be governed by and construed in accordance with the laws of the State of
Delaware applicable to contracts entered into and performed entirely within such State.

     Section 5.4. Amendment and Waiver (a) This Agreement may be amended or modified, and any provision hereof may be waived, in
whole or in part, at any time pursuant to an agreement in writing executed by the Company and
Holders holding a majority of the Registrable Securities.

          (b) Any failure by any party at any time to enforce any of the provisions of this
Agreement shall not be construed a waiver of such provision or any other provisions hereof.

          Section 5.5. Binding Effect Except as otherwise expressly provided herein, the provisions hereof shall inure to the
benefit of, and be binding upon, the parties’ successors and permitted assigns.

          Section 5.6. Termination This Agreement shall terminate on the date when there no longer remaining any Registrable
Securities or upon the dissolution of liquidation of the Company.

          Section 5.7. Notices Any and all notices or other communications or deliveries required or permitted to be provided
hereunder shall be in writing and shall be deemed given and effective on the earliest of (a) the
date of transmission, if such notice or communication is delivered via facsimile or email at the
facsimile number or email address specified in this Section prior to 6:30 p.m. (Pacific Time) on a
business day, (b) the next business day after the date of transmission, if such notice or
communication is delivered via facsimile or email at the facsimile number or email address
specified in this Section on a day that is not a business day or later than 6:30 p.m. (Pacific
Time) on any business day, (c) the business day following the date of deposit with a nationally
recognized overnight courier service, or (d) upon actual receipt by the party to whom such notice
is required to be given. The addresses, facsimile numbers and email addresses for such notices and
communications are those set forth on the signature pages hereof, or such other address or
facsimile number as may be designated in writing hereafter, in the same manner, by any such Person.

          Section 5.8. Severability If any portion of this Agreement shall be declared void or unenforceable by any court or
administrative body of competent jurisdiction, such portion shall be

11

 

deemed severable from the remainder of this Agreement, which shall continue in all respects valid and enforceable.

          Section 5.9. Counterparts This Agreement may be executed in any number of counterparts, each of which shall be deemed an
original, but all of which together shall constitute a single instrument.

          Section 5.10. Venue, Waiver of Jury Trial. THE PARTIES HERETO HEREBY IRREVOCABLY
SUBMIT TO THE NON-EXCLUSIVE JURISDICTION OF THE STATE AND FEDERAL COURTS SITTING IN SANTA CLARA
COUNTY, CALIFORNIA FOR THE ADJUDICATION OF ANY DISPUTE BROUGHT BY THE ANY OF THE PARTIES HEREUNDER,
IN CONNECTION HEREWITH OR WITH ANY TRANSACTION CONTEMPLATED HEREBY OR DISCUSSED HEREIN, AND HEREBY
IRREVOCABLY WAIVE, AND AGREE NOT TO ASSERT IN ANY SUIT, ACTION OR PROCEEDING BROUGHT BY ANY PARTY
HEREUNDER, ANY CLAIM THAT IT IS NOT PERSONALLY SUBJECT TO THE JURISDICTION OF ANY SUCH COURT. TO
THE EXTENT PERMITTED BY APPLICABLE LAW, EACH PARTY, AFTER CONSULTING OR HAVING HAD THE OPPORTUNITY
TO CONSULT WITH COUNSEL, EACH KNOWINGLY, VOLUNTARILY AND INTENTIONALLY WAIVE IRREVOCABLY, ANY RIGHT
TO A TRIAL BY JURY IN ANY ACTION OR PROCEEDING TO ENFORCE OR DEFEND ANY RIGHTS ARISING OUT OF OR
RELATING TO THIS AGREEMENT AND SUCH PROCEEDING SHALL BE TRIED BEFORE A COURT AND NOT BEFORE A JURY.

[The remainder of this page intentionally left blank]

12

 

          IN WITNESS WHEREOF, each of the undersigned has executed this Agreement or caused this
Agreement to be executed on its behalf as of the date first written above.

	 	 	 	 	 	 	 
	 	 	COMPANY:	 	 
	 
	 	 	 	 	 	 
	 	 	CAVIUM NETWORKS, INC.
	 
	 	 	 	 	 	 
	 	 	By:	 	/s/ Art Chadwick
	 	 	 	 	 
	 	 	 	 	Art Chadwick, Chief Financial Officer
	 
	 	 	 	 	 	 
	 	 	Address for Notice: 805 East Middlefield Road
	 

	 	 	 	 	 	       Mountain View, CA 94043
	 

	 	 	 	 	 	       Attn: Art Chadwick, CFO
	 	 	Facsimile No.: (650) 625-9751

 

 

          IN WITNESS WHEREOF, each of the undersigned has executed this Agreement or caused this
Agreement to be executed on its behalf as of the date first written above.

	 	 	 	 	 
	 	STOCKHOLDER:

Name: Alloy Annex I, L.P.

 	 
	 	By:  	/s/ John Shoch
 	 
	 	 	Name:  	John Shoch                                                     	 
	 	 	Title:  	Managing Member of Alloy Annex I,

     LLC the General Partner of Alloy

     Annex I, L.P. 	 

 

 

	 	 	 	 	 

          IN WITNESS WHEREOF, each of the undersigned has executed this Agreement or caused this
Agreement to be executed on its behalf as of the date first written above.

	 	 	 	 	 
	 	STOCKHOLDER:

Name: Alloy Corporate 2000, L.P.

 	 
	 	By:  	/s/ John Shoch
 	 
	 	 	Name:  	John Shoch 	 
	 	 	Title:  	Managing Member of Alloy Ventures

2000, LLC the general partner of

Alloy Partners 2000, L.P., Alloy

Ventures 2000, L.P., Alloy 

Corporate
2000, L.P., Alloy

 Investors 2000,
L.P. 
	 

 

 

	 	 	 	 	 

          IN WITNESS WHEREOF, each of the undersigned has executed this Agreement or caused this
Agreement to be executed on its behalf as of the date first written above.

	 	 	 	 	 
	 	STOCKHOLDER:

Name: Alloy Investors 2000, L.P.

 	 
	 	By:  	/s/ John Shoch
 	 
	 	 	Name:  	John Shoch 	 
	 	 	Title:  	Managing Member of Alloy Ventures

2000, LLC the general partner of

Alloy Partners 2000, L.P., Alloy

Ventures 2000, L.P., Alloy

 Corporate
2000, L.P., Alloy 

Investors 2000,
L.P. 
	 

 

 

	 	 	 	 	 

          IN WITNESS WHEREOF, each of the undersigned has executed this Agreement or caused this
Agreement to be executed on its behalf as of the date first written above.

	 	 	 	 	 
	 	STOCKHOLDER:

Name: Alloy Partners 2000, L.P.

 	 
	 	By:  	/s/ John Shoch
 	 
	 	 	Name:  	John Shoch 	 
	 	 	Title:  	Managing Member of Alloy Ventures

2000, LLC the general partner of

Alloy Partners 2000, L.P., Alloy

Ventures 2000, L.P., Alloy

 Corporate
2000, L.P., Alloy

 Investors 2000,
L.P. 
	 

 

 

	 	 	 	 	 

          IN WITNESS WHEREOF, each of the undersigned has executed this Agreement or caused this
Agreement to be executed on its behalf as of the date first written above.

	 	 	 	 	 
	 	STOCKHOLDER:

Name: Alloy Ventures 2000, L.P.

 	 
	 	By:  	/s/ John Shoch
 	 
	 	 	Name:  	John Shoch 	 
	 	 	Title:  	Managing Member of Alloy Ventures

2000, LLC the general partner of

Alloy Partners 2000, L.P., Alloy

Ventures 2000, L.P., Alloy

 Corporate
2000, L.P., Alloy

 Investors 2000,
L.P. 
	 

 

 

	 	 	 	 	 

          IN WITNESS WHEREOF, each of the undersigned has executed this Agreement or caused this
Agreement to be executed on its behalf as of the date first written above.

	 	 	 	 	 
	 	STOCKHOLDER:

Name: U.S. Venture Partners VII, L.P.

              2180 Associates Fund VII, L.P.

              USVP Entrepreneur Partners VII-A, L.P.

              USVP Entrepreneur Partners VII-A, L.P.

 	 
	 	By:  	/s/ Michael P. Maher
 	 
	 	 	Name:  	Michael P. Maher, Attorney-In-Fact 	 
	 	 	 	 

 

 

	 	 	 	 	 

          IN WITNESS WHEREOF, each of the undersigned has executed this Agreement or caused this
Agreement to be executed on its behalf as of the date first written above.

	 	 	 	 	 
	 	STOCKHOLDER:

Name: A&E Investment LLC

 	 
	 	By:  	/s/ Lip-Bu Tan
 	 
	 	 	Name:  	Lip-Bu Tan 	 
	 	 	Title:  	Manager 	 

 

 

	 	 	 	 	 

          IN WITNESS WHEREOF, each of the undersigned has executed this Agreement or caused this
Agreement to be executed on its behalf as of the date first written above.

	 	 	 	 	 
	 	STOCKHOLDER:

Name: Kristin Anderson and Scott Anderson

 	 
	 	By:  	/s/ Kristin Anderson Scott Anderson
 	 
	 	 	Name:  	Kristin Anderson Scott Anderson 	 
	 	 	 	 

 

 

	 	 	 	 	 

          IN WITNESS WHEREOF, each of the undersigned has executed this Agreement or caused this
Agreement to be executed on its behalf as of the date first written above.

	 	 	 	 	 
	 	STOCKHOLDER:

Name: The Board of Trustees of the Leland
Stanford 

Junior University (DAPER I)

 	 
	 	By:  	/s/ Martina S. Poquet
 	 
	 	 	Name:  	Martina S. Poquet 	 
	 	 	Title:  	Managing Director, Stanford
Management Compay 	 

 

 

	 	 	 	 	 

          IN WITNESS WHEREOF, each of the undersigned has executed this Agreement or caused this
Agreement to be executed on its behalf as of the date first written above.

	 	 	 	 	 
	 	STOCKHOLDER:

Name: The Board of Trustees of the Leland

Stanford Junior University (SEVF II)

 	 
	 	By:  	/s/ Martina S. Poquet
 	 
	 	 	Name:  	Martina S. Poquet 	 
	 	 	Title:  	Managing Director, Stanford
Management Company 	 

 

 

	 	 	 	 	 

          IN WITNESS WHEREOF, each of the undersigned has executed this Agreement or caused this
Agreement to be executed on its behalf as of the date first written above.

	 	 	 	 	 
	 	STOCKHOLDER:

Name: Cipio Partners Fund III GmbH & Co. KG

 	 
	 	By:  	/s/ Dr. Hans-Dieter Koch Werner Dressbach
 	 
	 	 	Name: Dr. Hans-Dieter Koch and Werner  Dressbach
	 
	 	 	Title:  Managing Directors 	 
	 

 

 

          IN WITNESS WHEREOF, each of the undersigned has executed this Agreement or caused this
Agreement to be executed on its behalf as of the date first written above.

	 	 	 	 	 
	 	

STOCKHOLDER:

Name: Russsell A. Harris

 	 
	 	By:  	/s/ Russell A. Harris
 	 
	 	 	 	 
	 	 	 	 

 

 

	 	 	 	 	 

          IN WITNESS WHEREOF, each of the undersigned has executed this Agreement or caused this
Agreement to be executed on its behalf as of the date first written above.

	 	 	 	 	 
	 	STOCKHOLDER:

Name: Jeanne D. Wohlers

 	 
	 	By:  	/s/ Jeanne D. Wohlers
 	 
	 	 	 	 
	 	 	 	 

 

 

	 	 	 	 	 

          IN WITNESS WHEREOF, each of the undersigned has executed this Agreement or caused this
Agreement to be executed on its behalf as of the date first written above.

	 	 	 	 	 
	 	STOCKHOLDER:

Name: Herzig-Wohlers Revocable Trust dated

7/26/07

 	 
	 	By:  	/s/ Jeanne D. Wohlers
 	 
	 	 	Name:  	Jeanne D. Wohlers 	 
	 	 	Title:  	Trustee 	 

 

 

	 	 	 	 	 

          IN WITNESS WHEREOF, each of the undersigned has executed this Agreement or caused this
Agreement to be executed on its behalf as of the date first written above.

	 	 	 	 	 
	 	STOCKHOLDER:

Name: Thomas F. Kelly

 	 
	 	By:  	/s/ Thomas F. Kelly
 	 
	 	 	 	 
	 	 	 	 

 

 

	 	 	 	 	 

          IN WITNESS WHEREOF, each of the undersigned has executed this Agreement or caused this
Agreement to be executed on its behalf as of the date first written above.

	 	 	 	 	 
	 	STOCKHOLDER:

Name: NEC Corporation

 	 
	 	By:  	/s/ Masato Yamamoto
 	 
	 	 	Name:  	Masato Yamamoto 	 
	 	 	Title:  	Associate Senior Vice President 	 

 

 

	 	 	 	 	 

          IN WITNESS WHEREOF, each of the undersigned has executed this Agreement or caused this
Agreement to be executed on its behalf as of the date first written above.

	 	 	 	 	 
	 	STOCKHOLDER:

Name: Frank Rowand

 	 
	 	By:  	/s/ Frank Rowand
 	 
	 	 	 	 
	 	 	 	 

 

 

	 	 	 	 	 

          IN WITNESS WHEREOF, each of the undersigned has executed this Agreement or caused this
Agreement to be executed on its behalf as of the date first written above.

	 	 	 	 	 
	 	STOCKHOLDER:

Name: The Pidwell Family Living Trust dated
6/25/87

 	 
	 	By:  	/s/ David W. Pidwell
 	 
	 	 	Name:  	David W. Pidwell 	 
	 	 	Title:  	Trustee 	 
	 

 

 

          IN WITNESS WHEREOF, each of the undersigned has executed this Agreement or caused this
Agreement to be executed on its behalf as of the date first written above.

	 	 	 	 	 
	 	STOCKHOLDER:

Name: RRE Ventures II, L.P.

 	 
	 	By:  	/s/ Andrew L. Zalasin
 	 
	 	 	Name:  	Andrew L. Zalasin 	 
	 	 	Title:  	 	 

 

 

	 	 	 	 	 

          IN WITNESS WHEREOF, each of the undersigned has executed this Agreement or caused this
Agreement to be executed on its behalf as of the date first written above.

	 	 	 	 	 
	 	STOCKHOLDER:

Name: RRE Ventures Fund II, L.P.

 	 
	 	By:  	/s/ Andrew L. Zalasin
 	 
	 	 	Name:  	Andrew L. Zalasin 	 
	 	 	Title:  	 	 
	 

 

 

          IN WITNESS WHEREOF, each of the undersigned has executed this Agreement or caused this
Agreement to be executed on its behalf as of the date first written above.

	 	 	 	 	 
	 	STOCKHOLDER:

Name: Daniel Rubin

 	 
	 	By:  	/s/ Daniel Rubin
 	 
	 	 	 	 
	 	 	 	 
	 

 

 

          IN WITNESS WHEREOF, each of the undersigned has executed this Agreement or caused this
Agreement to be executed on its behalf as of the date first written above.

	 	 	 	 	 
	 	STOCKHOLDER:

Name: Saints Capital V, L.P.

 	 
	 	By:  	/s/ David Quinlivan
 	 
	 	 	Name:  	David Quinlivan 	 
	 	 	Title:  	Managing Member, Saints Capital V,

LLC the General Partner of Saints

Capital V, L.P. 
	 

 

 

	 	 	 	 	 

          IN WITNESS WHEREOF, each of the undersigned has executed this Agreement or caused this
Agreement to be executed on its behalf as of the date first written above.

	 	 	 	 	 
	 	STOCKHOLDER:

Name: Siemens Venture Capital GmbH

 	 
	 	By:  	/s/ Ralf Schnell
 	 
	 	 	Name:  	Ralf Schnell 	 
	 	 	Title:  	 	 
	 

 

 

          IN WITNESS WHEREOF, each of the undersigned has executed this Agreement or caused this
Agreement to be executed on its behalf as of the date first written above.

	 	 	 	 	 
	 	STOCKHOLDER:

Name: SVIC No. 4 New Technology Business

Investment L.L.P.

 	 
	 	By:  	/s/ Woihong Choi
 	 
	 	 	Name:  	Woihong Choi 	 
	 	 	Title:  	CEO 	 
	 

 

 

          IN WITNESS WHEREOF, each of the undersigned has executed this Agreement or caused this
Agreement to be executed on its behalf as of the date first written above.

	 	 	 	 	 
	 	STOCKHOLDER:

Name: SVIC No. 14 New Technology Business

Investment L.L.P.

 	 
	 	By:  	/s/ Woihong Choi
 	 
	 	 	Name:  	Woihong Choi 	 
	 	 	Title:  	CEO 	 

 

 

	 	 	 	 	 

          IN WITNESS WHEREOF, each of the undersigned has executed this Agreement or caused this
Agreement to be executed on its behalf as of the date first written above.

	 	 	 	 	 
	 	STOCKHOLDER:

Name: W.R. Hambrecht/MontaVista, LLC

By: W.R. Hambrecht/MontaVista Management LLC,

its Manager

 	 
	 	By:  	/s/ Peter Morrissey
 	 
	 	 	Name:  	Peter Morrissey 	 
	 	 	Title:  	Manager 	 
	 

 

 

          IN WITNESS WHEREOF, each of the undersigned has executed this Agreement or caused this
Agreement to be executed on its behalf as of the date first written above.

	 	 	 	 	 
	 	STOCKHOLDER:

Name: W.R. Hambrecht/MontaVista 2, LLC

By: W.R. Hambrecht/MontaVista 2 Management

LLC, its Manager

 	 
	 	By:  	/s/ Peter Morrissey
 	 
	 	 	Name:  	Peter Morrissey 	 
	 	 	Title:  	Manager 	 
	 

 

 

Schedule A

Stockholders

	 	 	 	 	 
	Alloy Annex I, L.P.
	 	 	66,712	 
	Alloy Corporate 2000, L.P.
	 	 	13,261	 
	Alloy Investors 2000, L.P.
	 	 	22,751	 
	Alloy Partners 2000, L.P.
	 	 	5,655	 
	Alloy Ventures 2000, L.P.
	 	 	110,340	 
	USVP Entrepreneur Partners VII-A, L.P.
	 	 	4,464	 
	USVP Entrepreneur Partners VII-B, L.P.
	 	 	4,464	 
	U.S. Venture Partners VII, L.P.
	 	 	428,622	 
	2180 Associates Fund VII, L.P.
	 	 	8,929	 
	A&E Investment LLC
	 	 	2,790	 
	Kristin Anderson and Scott Anderson as community property
	 	 	669	 
	The Board of Trustees of the Leland Stanford Junior
University (Daper I)
	 	 	1,080	 
	The Board of Trustees of the Leland Stanford Junior
University (SEVF II)
	 	 	1,080	 
	Cipio Partners Fund III GmbH & Co. KG
	 	 	83,691	 
	Russell A. Harris
	 	 	19,255	 
	Jeanne D. Wohlers
	 	 	1,211	 
	The Herzig-Wohlers Revocable Trust dated 7/26/07
	 	 	296	 
	Thomas F. Kelly
	 	 	15,371	 
	NEC Corporation
	 	 	135,064	 
	Frank Rowand
	 	 	1,339	 
	RRE Ventures II, L.P.
	 	 	32,154	 
	RRE Ventures Fund II, L.P.
	 	 	8,784	 
	Daniel Rubin
	 	 	2,614	 
	Saints Capital V, L.P.
	 	 	83,693	 
	Siemens Venture Capital GmbH
	 	 	337,302	 
	Stanford
University
	 	 	1,582	 
	SVIC No. 4 New Technology Business Investment L.L.P.
	 	 	63,733	 
	SVIC No. 14 New Technology Business Investment L.L.P.
	 	 	6,010	 
	The Pidwell Family Living Trust, dated 6/25/87
	 	 	3,342	 
	W.R. Hambrecht/MontaVista, LLC
	 	 	1,168	 
	W.R. Hambrecht/MontaVista 2, LLC
	 	 	186	 

 

 

Exhibit A

Plan of Distribution

     We are registering the shares of common stock issued to the selling stockholders to permit the
resale of these shares of common stock by the holders of the shares of common stock from time to
time after the date of this prospectus. We will not receive any of the proceeds from the sale by
the selling stockholders of the shares of common stock. We will bear all fees and expenses
incident to our obligation to register the shares of common stock.

     Each selling stockholder of the common stock and any of their pledgees, assignees and
successors-in-interest may, from time to time, sell any or all of their shares of common stock
covered hereby on The NASDAQ Global Market or any other stock exchange, market or trading facility
on which the shares are traded or in private transactions. These sales may be at fixed prices, at
prevailing market prices at the time of the sale, at varying prices determined at the time of sale,
or negotiated prices. A selling stockholder may use any one or more of the following methods when
selling shares:

	 	•	 	ordinary brokerage transactions and transactions in which the broker-dealer
solicits purchasers;
	 
	 	•	 	block trades in which the broker-dealer will attempt to sell the shares as agent
but may position and resell a portion of the block as principal to facilitate the
transaction;
	 
	 	•	 	purchases by a broker-dealer as principal and resale by the broker-dealer for
its account;
	 
	 	•	 	an exchange distribution in accordance with the rules of the applicable
exchange;
	 
	 	•	 	privately negotiated transactions;
	 
	 	•	 	settlement of short sales entered into after the effective date of the
registration statement of which this prospectus is a part;
	 
	 	•	 	in transactions through broker-dealers that agree with the selling stockholders
to sell a specified number of such shares at a stipulated price per share;
	 
	 	•	 	through the writing or settlement of options or other hedging transactions,
whether through an options exchange or otherwise;
	 
	 	•	 	a combination of any such methods of sale; or
	 
	 	•	 	any other method permitted pursuant to applicable law.

     The selling stockholders may also sell shares under Rule 144 under the Securities Act of 1933,
as amended, or the Securities Act, if available, rather than under this prospectus.

     Broker-dealers engaged by the selling stockholders may arrange for other brokers-dealers to
participate in sales. Broker-dealers may receive commissions or discounts from the selling
stockholders (or, if any broker-dealer acts as agent for the purchaser of shares, from the
purchaser) in amounts to be negotiated, but, except as set forth in a supplement to this
prospectus, in the case of an agency transaction not in excess of a customary brokerage commission
in compliance with FINRA Rule 2440; and in the case of a principal transaction a markup or markdown
in compliance with FINRA IM-2440-1.

 

 

     In connection with the sale of the common stock or interests therein, the selling stockholders
may enter into hedging transactions with broker-dealers or other financial institutions, which may
in turn engage in short sales of the common stock in the course of hedging the positions they
assume. The selling stockholders may also sell shares of the common stock short and deliver these
securities to close out their short positions or to return borrowed shares in connection with such
short sales, or loan or pledge the common stock to broker-dealers that in turn may sell these
securities. The selling stockholders may also enter into option or other transactions with
broker-dealers or other financial institutions or create one or more derivative securities which
require the delivery to such broker-dealer or other financial institution of shares offered by this
prospectus, which shares such broker-dealer or other financial institution may resell pursuant to
this prospectus (as supplemented or amended to reflect such transaction). Notwithstanding the
foregoing, the selling stockholders have been advised that they may not use shares registered on
this registration statement to cover short sales of our common stock made prior to the date the
registration statement, of which this prospectus forms a part, has been declared effective by the
Commission.

     The selling stockholders and any broker-dealers or agents that are involved in selling the
shares may be deemed to be “underwriters” within the meaning of the Securities Act in connection
with such sales. In such event, any commissions received by such broker-dealers or agents and any
profit on the resale of the shares purchased by them may be deemed to be underwriting commissions
or discounts under the Securities Act. Selling stockholders who are “underwriters” within the
meaning of Section 2(11) of the Securities Act will be subject to the prospectus delivery
requirements of the Securities Act and may be subject to certain statutory liabilities of,
including but not limited to, Sections 11, 12 and 17 of the Securities Act and Rule 10b-5 under the
Securities Exchange Act of 1934, as amended, or the Exchange Act. Each selling stockholder has
informed us that it is not a registered broker-dealer and does not have any written or oral
agreement or understanding, directly or indirectly, with any person to distribute the common stock.
In no event shall any broker-dealer receive fees, commissions and markups which, in the aggregate,
would exceed eight percent (8%).

     We are required to pay certain fees and expenses incurred by us incident to the registration
of the shares. We have agreed to indemnify the selling stockholders against certain losses,
claims, damages and liabilities, including liabilities under the Securities Act, and the selling
stockholders may be entitled to contribution. We may be indemnified by the selling stockholders
against certain losses, claims, damages and liabilities, including liabilities under the Securities
Act, that may arise from any written information furnished to us by the selling stockholders
specifically for use in this prospectus, or we may be entitled to contribution.

     The selling stockholders will be subject to the prospectus delivery requirements of the
Securities Act including Rule 172 thereunder unless an exemption therefrom is available.

     The selling stockholders have advised us that there is no underwriter or coordinating broker
acting in connection with the proposed sale of the resale shares by the selling stockholders.

     We agreed to use our commercially reasonable best efforts keep this prospectus effective until
the earlier of (i) the date on which the shares may be resold by the selling stockholders without
registration and without regard to any volume restrictions by reason of under Rule 144 under the
Securities Act or any other rule of similar effect or (ii) all of the shares have been sold
pursuant to this prospectus or Rule 144 under the Securities Act or any other rule of similar
effect. The resale shares will be sold only through registered or licensed brokers or dealers if
required under applicable state securities laws. In addition, in certain states, the resale shares
of Common Stock covered hereby may not be sold unless they have been registered or qualified for
sale in the applicable state or an exemption from the registration or qualification requirement is
available and is complied with.

 

 

     Under applicable rules and regulations under the Exchange Act, any person engaged in the
distribution of the resale shares may not simultaneously engage in market making activities with
respect to the common stock for the applicable restricted period, as defined in Regulation M, prior
to the commencement of the distribution. In addition, the selling stockholders will be subject to
applicable provisions of the Exchange Act and the rules and regulations thereunder, including
Regulation M, which may limit the timing of purchases and sales of shares of the common stock by
the selling stockholders or any other person. We will make copies of this prospectus available to
the selling stockholders and have informed them of the need to deliver a copy of this prospectus to
each purchaser at or prior to the time of the sale (including by compliance with Rule 172 under the
Securities Act).

     There can be no assurance that any selling stockholder will sell any or all of the shares of
common stock registered pursuant to the registration statement, of which this prospectus forms a
part.

     Once sold under the registration statement, of which this prospectus forms a part, the shares
of common stock will be freely tradable in the hands of persons other than our affiliates.

 

 

Exhibit B

CAVIUM NETWORKS, INC.

Selling Securityholder Notice and Questionnaire

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